{"id":7613,"date":"2017-12-26T20:05:30","date_gmt":"2017-12-26T20:05:30","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/california-broker-associates-must-register-as-such-with-the-b-r-e\/"},"modified":"2017-12-26T20:05:30","modified_gmt":"2017-12-26T20:05:30","slug":"california-broker-associates-must-register-as-such-with-the-b-r-e","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/california-broker-associates-must-register-as-such-with-the-b-r-e\/","title":{"rendered":"California Broker Associates Must Register As Such With The B.R.E."},"content":{"rendered":"

\n<\/p>\n

\n

Effective January 1, 2018, California Real Estate<\/a> Brokers who are affiliated with a company other than themselves or their own, must notify the Bureau of Real Estate (BRE) of that affiliation. Such persons are commonly called “Broker Associates”. In a recent Frequently Asked Questions (FAQ) post on the bureau’s website, the BRE defines the term this way: “A broker-associate is an individual licensed as a real estate broker, but who works in the capacity of a salesperson for another responsible broker or corporation.”
\n <\/p>\n

As the FAQ makes clear, an associate broker may also work as an independent broker. “[U]nder the Real Estate Law, a broker-associate can work in the capacity of a salesperson for another employing broker(s) and also work as an independent broker. However, an affiliation\/employment agreement signed by the responsible broker and the broker-associate may prohibit such activity.”
\n \n<\/p>\n

Those potential relationships have not been changed by the newly-effective law (Business and Professions Code 10161.8).
\n \n<\/p>\n

The most significant purpose and effect of the new law is that it creates a means for consumers and others to learn any and all of the affiliations of an associate broker. Prior to this, a broker may have been legally functioning as a sales associate of a company other than his own, yet that information would not appear on the publicly-accessible BRE records. Neither would the record of the company show that he was employed there. The new law changes that.
\n \n<\/p>\n

The Bureau has created a new form (RE 215) which can be used both for informing the Bureau of a new broker-associate affiliation or for the termination of an existing broker-associate affiliation. These forms are supposed to be submitted by January 1, but I suspect there will be some leeway granted on that.
\n \n<\/p>\n

Among the questions that may arise: \n<\/p>\n