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Chika Sunquist was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on November 28, 2023, and she assumed office on January 3, 2024. [5] Real estate licensing is subject to both the Real Estate Law and the Regulations of the Commissioner, which have the force and effect of law.
The California Real Estate Act has two core components: licensing and enforcement. [1] [2] Both licensing and enforcement functions are required by the Appraisal Subcommittee (ASC), the federal government organization which oversees all state real estate appraiser licensing agencies. [2]
The CIWMB was led by a six-member policy-making Board. Four members of the Board were appointed by the governor, and each branch of the Legislature made one appointment. Board terms ran for up to four years. In 2005, Governor Arnold Schwarzenegger proposed to eliminate the CIWMB as well as 87 other state boards and commissions. [2]
[2] [1] Through BPOs, real estate professionals can improve their skills in property inspection, market knowledge, evaluation, and property pricing. [6] At a price of US$30–$100 per BPO, [5] the work can provide side income or steady income for real estate agents. [1] Agents may also create working relationships and a rapport with financial ...
The deadline to obtain a California Real ID for U.S. domestic travel is officially less than a year away. Beginning May 7, 2025 , the new federal identification requirements take effect in California.
The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
A realtor lock box hanging on the doorknob of a house for sale. A real-estate lock box is a padlock-shaped box that generally hangs around the doorknob of a house that is on the market. The device holds the keys to a house to allow common access for all real estate agents, while continuing to keep them secure. [1]
This Board includes five contractors, one member of a labor organization representing building trades, one active local building official, and eight public members, one who must be from a statewide senior citizen organization. Appointments to the board are made by the Governor of California and the California State Legislature.