FROM A CLIENT COMPLAINT TO A GOVERNMENT INVESTIGATION

Real Estate agents who operate against the law and engage in activities which run afoul of the Real Estate law, fail to adhere to their broker’s policy and procedures, transaction requirements, advertising guidelines and/or reporting rules are considered to be the "Hi Risk" agents.

In addition to work ethic and general disregard for rules and regulations, it is no surprise that the "High Risk" agents may find themselves in legal trouble, “face-to-face” with a civil claim and under regulatory scrutiny by the California Department of Real Estate (DRE).

"HI RISK" REAL ESTATE AGENTS!

REAL ESTATE COMPLIANCE ENFORCEMENT

REAL ESTATE COMPLIANCE - A Set Of Laws, Rules And Regulations That Governs ALL Real Estate Transact

Real Estate Regulatory Climate in California

Over the last several years, Real Estate compliance has significantly become a matter of concern and investigation by the California Department of Real Estate (the DRE). Without regulatory compliance, serious legal and licensing consequences may be incurred. The current regulatory climate has played a critical part in changing agents' mindset about compliance. The DRE is actively enforcing the law and holding real estate licensees fully accountable for their actions. The DRE regulators are on alert and paying serious attention to Real Estate practitioners' activities to safeguard and promote the public interest in real estate matters through enforcement.

Wrongdoings committed by licensees in the industry will not go unnoticed or unchecked, and the DRE will appropriately enforce the law.

REGULATORY COMPLIANCE IS A MATTER OF LAW

Regulatory Climate is Constantly Changes

REAL ESTATE LICENSE, REPUTATION, CONDUCT, COMPLIANCE

FACT. If a Brokerage does not stay on top of all regulations, they “fail to comply.” The government doesn’t take ignorance as a defense, so full Real Estate compliance must be achieved regardless of how quickly regulations evolve.

So, these days, when we get asked a simple question about compliance, it seems that there is never a simple answer. When you witness and watch, the impact of irreversible mistakes and missteps, and how they can land a Real Estate licensee in a very bad spot - makes you understand the seriousness and gravity of the ramifications of being non-compliant.

In the world of Real Estate, every action an agent takes is significant. From every advertisement and client interaction to every electronic communication and transaction, each output represents an agent's reputation, conduct, compliance, and real estate license. It is crucial to understand that everything an agent does and puts out into the real estate universe is on display for the public and DRE to evaluate. Therefore, it is essential to maintain a high level of competence, professionalism and ethical conduct at all times.

CALIFORNIA REGULATORY COMPLIANCE CONSULTING

WE ARE ON YOUR SIDE - WE CAN HELP!

THIS IS "HOW"?

For any brokerage, it can be challenging to keep up with compliance issues and legal requirements. That's why we're excited to introduce "California Regulatory Compliance Consulting". Our team champions accountability, integrity, and ethics from the ground up to ensure your company complies with regulations and legal requirements. With our service, you can have peace of mind knowing that your company is in good hands. And the best part? Our service will get you a piece of mind and professional satisfaction.

1. We Conduct Transaction Compliance Internal Audit

We conduct a comprehensive internal audit to create a compliance plan tailored to your business needs. Identifying strengths and weaknesses in risk management procedures and security policies, we pinpoint potential issues and provide strategic solutions. With regulations evolving rapidly, our audit ensures your policies are up-to-date and robust. Strengthen your business against potential breaches and minimize risks effectively.

2. Review, Update, Establish and Maintain Proper company Policies and Procedures

Your brokerage may not have reviewed and updated your company policies and procedures for some time. We strongly advise that this be done promptly in order to maintain compliance. It is crucial to remember that without up-to-date policies and procedures, your Government audit is doomed. Every Real Estate sales process must abide by time constraints, storage procedures, paper trails, and review standards. It is important not to leave these out of your policy, even if they are well-known to you or you trust your agents.

3. Create a Special Process to Comply with National Association of Realtors (NAR) Code of Ethics.

Not every Real Estate professional understands the importance of trust and transparency in our industry. That's why we have implemented a special process that enforces NAR's Code of Ethics. Only our process ensures that all your company agents and brokers are aware of these duties and adhere to them strictly, protecting the best interests of our clients and avoiding any false or misleading advertising. With only 11% of people fully trusting realtors, we believe it's crucial to do our due diligence and present ourselves as trustworthy and knowledgeable. This step alone will help you develop your company's reputation and business.

WE DID IT - YOU CAN TOO!