June 6th, 2018 Sacramento, CA
An official notification went out this morning stating that the California Bureau of Real Estate will become the Department of Real Estate. Here is the official communication:
“The California Bureau of Real Estate (CalBRE) will cease to exist, and will become the Department of Real Estate, effective July 1, 2018.
California Senate Bill 173, signed by Governor Brown on October 15, 2017, removes CalBRE from bureau status under the Department of Consumer Affairs and returns it to department status under the Business, Consumer Services and Housing Agency. The California Department of Real Estate became a bureau on July 1, 2013, as part of a government reorganization plan instituted in 2012.
The change is not expected to impact consumers, licensees or license applicants as the regulatory authority remains the same and no contact information will change.”
The most important thing for Realtors is to make sure that you start using the DRE denotation where we have been using BRE for the last few years in our business materials and marketing materials. Of course seasoned Realtors remember that the until 2013, the BRE was the Department of Real Estate or DRE for decades.
Here is a link to a good article talking about this new legislative change: http://cabuilderservices.com/bre-is-going-back-to-dre/
Make it a great week Realtors!
Alta Realty Group CA