By:Alcides Hoy Jr.
It is common knowledge that many California real estate companies and agents are feeling a serious pinch as a result of the downturn in the real estate market. Less well known is the fact that the state agency which regulates those companies and agents is having a similar experience. Directors of the California Association of Realtors® learned about this at their recent meetings in Monterey when they were addressed by Real Estate Commissioner Jeff Davi.
Unlike many state agencies, the California Department of Real Estate (DRE) is not supported by the state's general fund. Like the Department of Fish and Game, its financing is provided by charging for various fees and services. In the case of the DRE, the bulk of the money it brings in is from the issuance of new and renewal licenses and from fees charged for the administration of licensing examinations. Click to Read More
Unlike many state agencies, the California Department of Real Estate (DRE) is not supported by the state's general fund. Like the Department of Fish and Game, its financing is provided by charging for various fees and services. In the case of the DRE, the bulk of the money it brings in is from the issuance of new and renewal licenses and from fees charged for the administration of licensing examinations. Click to Read More
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