Transcription of 1. The California Department of Real Estate
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1. The California Department of Real Estate
1 The California Department of real Estate GOVERNMENT REGULATION OF BROKERAGE TRANSACTIONS As our country s development passed through the pioneering and homesteading stages to urbanization, people across the land found it increasingly difficult to strike a deal with strangers for land and homes. There was a real need for an intermediary to provide basic real Estate knowledge and services and negotiate transactions. The real Estate agent met this need and continues to fill this important role today. Along with increasing opportunities to provide real Estate services to the maturing nation came abuses of the public trust in the form of unethical, illegal or sharp practices by dishonest or incompetent agents operating in a climate of unorganized and often unscrupulous competition.
1 The California Department of Real Estate ... (known as the “Secure and Fair Enforcement for Mortgage Licenses”).Trust deed transactions and real property ... acts requiring licensure and employment by a real estate broker. Without a license, an individual cannot receive compensation for the performance of any of the acts defined as ...
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