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Copyright © 2012 by the first tuesday Journal Online - firsttuesdayjournal.com;
P.O. Box 5707, Riverside, CA 92517
Readers are encouraged to reproduce and/or distribute this article.
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The DRE to charge higher licensing fees
By Giang Hoang-Burdette • Jan 26th, 2009 • Category: real estate newsflash
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The Department of Real Estate (DRE) is raising the fees for licensing and renewal. As yet, it’s still a proposal, and the DRE is going through the mandatory motions of taking written comments and holding a public hearing in Sacramento on March 6, 2009, but make no mistake: these are just formalities. These changes will go into effect July 1, 2009, and will affect licenses expiring on or after June 30, 2009.
“Proposed” fee changes
| Sales Agents | Brokers | |
| Licensing On-time Renewal Fees: | from $120 to $245 | from $165 to $300 |
| Late Renewal Fees: | from $180 to $367 | from $248 to $450 |
| Examination fees: | from $25 to $65 | from $50 to $95 |
Fees for the rescheduling of exams and various other fees are being raised as well. For more text of the actual proposal, and the reasoning behind raising the fees, visit the DRE website announcing the “proposed” fee changes (scroll to the bottom of the page) here: http://www.dre.ca.gov/gen_regs.html
Want to send the DRE your feedback? You can either:
1. Attend the public meeting in Sacramentoon March 6, 2009, at the Department of Real Estate Examination Room, located at 2200 X Street, Suite 120B, Sacramento, California. The meeting starts at 10:00 AM.
OR
2. Send in a comment by mail, email, or phone to David B. Seals, Real Estate Counsel for the Department of Real Estate.
- Address: 2201 Broadway, PO Box 187000, Sacramento A 95818-7000
- Email: regulations@dre.ca.gov
- Phone: (916) 227-0791
One result of this fee increase is certain: it will separate the serious and capable real estate agents from those marginal agents just in it for the short-term.
However, the elimination of the 18-month conditional license and the decline in the number of exam applicants, original licensees, and renewals are what put the DRE’s budget in the state it’s currently in, as the DRE’s revenues are derived entirely from these types of fees. Raising the fees will only further decrease the number of licensees renewing and the people applying for their original sales or broker licenses. Of course, there is the crazy idea of the DRE reducing its operating costs to align its expenditures with its revenues…
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Copyright © 2012 by the first tuesday Journal Online - firsttuesdayjournal.com;
P.O. Box 5707, Riverside, CA 92517
Readers are encouraged to reproduce and/or distribute this article.
Copyright © 2012 by first tuesday Realty Publications, Inc. Readers are encouraged to reprint or distribute this information with credit given to the first tuesday Journal Online — P.O. Box 5707, Riverside, CA 92517.
Giang Hoang-Burdette is a licensed real estate agent and the first tuesday Journal Online editor. She is also lead editor for the Forming Real Estate Syndicates, Buying Homes in Foreclosure and Legal Aspects of Real Estate books.
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Why are they targeting indivitual Brokers instead of the larger companies. One RENT a Broker for 10 plus offices, with agents as managers and lacking training and supervision. Go to one broker for each office, that broker being responsible for the agents under his license. That to will bring extra revenue.
We have to many Real Estate offices and Mortgage Brokerages with RENT a Broker and lack of responsibility that contributed to our current financial condition in the country.
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These Brokers who allow themselves , because of there greed, to be used like that should not even be in the business. You are so right each office should have it’s own broker.
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