New California Laws that will Impact your Business
The real estate business and its relevant laws are always changing. Keeping up with these new laws each year can be tough, so here are three important new laws that may affect your business:
- Uniform Advertising Standards
Beginning Jan. 1, 2018, all first point of contact solicitation materials must include: the name and number of the licensee; and the responsible broker’s “identity,” meaning the name under which the broker is currently licensed by the BRE and conducts business in general or is a substantial division of the real estate firm. The broker’s license number is optional. - Broker Associates Searchable Information
Beginning Jan. 1, 2018, CalBRE’s public licensee information, as provided on CalBRE’s website, will indicate whether a licensee is an “associate licensee” and, if the associate licensee is a broker, will identify each responsible broker with whom the licensee is contractually associated. This law also requires the responsible broker to immediately notify CalBRE in writing whenever a broker-associate is hired or terminated. - Disciplinary Action Records Petition
Beginning Jan. 1, 2018, a licensee may petition CalBRE to remove a past disciplinary action record from his or her online profile after 10 years. CalBRE retains discretion to grant the petition.
For more details on these laws, download this PDF from car.org