{"id":7867,"date":"2009-04-14T20:29:51","date_gmt":"2009-04-15T03:29:51","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=7867"},"modified":"2009-04-14T20:39:05","modified_gmt":"2009-04-15T03:39:05","slug":"california-proposes-to-regulate-realtors-alongside-pawn-shops-and-lenders-and-banksoh-my","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7867\/california-proposes-to-regulate-realtors-alongside-pawn-shops-and-lenders-and-banksoh-my\/","title":{"rendered":"California Proposes to Regulate REALTORS Alongside Pawn Shops, and Lenders, and Banks&#8230;Oh MY!"},"content":{"rendered":"<p>Assemblyman Pedro Nava sponsored a bill (CA-AB33) to reorganize our state&#8217;s financial services&#8217; regulators to be under one umbrella, the newly created Department of Financial Services.\u00a0 The idea is to save a bunch of money for the State.<\/p>\n<p>Of course, CAR is going nuts.\u00a0 <a title=\"car ab 33\" href=\"http:\/\/activerain.com\/blogsview\/1034300\/NEW-HOUSE-BILL-VOTED-ON-TO-END-THE-DEPARTMENT-OF-RE\">Amy Steele reports via ActiveRain.com<\/a>:<\/p>\n<blockquote><p><em>AB 33 (Nava), which C.A.R. opposes, was approved yesterday in the Assembly Banking Committee. This bill would abolish the Department of Real Estate, the Department of Corporations, the Department of Financial Institutions, and the Office of Real Estate Appraisers. AB 33 proposes to transfer the powers, duties, purposes, jurisdiction and responsibilities those departments to the Department of Financial Services, which would be a newly created overarching department. C.A.R. opposes AB 33 because the function of a real estate licensee is not to provide financial services, but to list and show houses for sale, sell or manage investment properties and raw land, and manage and oversee residential rental properties. Real estate licensees, regulated by the DRE, should not be blended in with the banks, credit unions, consumer finance lenders, residential mortgage lenders and pawnbrokers because, unlike these other licensees, real estate licensees are individually licensed agents that have a fiduciary agency relationship with their clients.<\/em><\/p><\/blockquote>\n<p><strong>Pawnshops<em> <\/em>and lenders and banks, Oh MY! <em> <\/em>Pawnshops<em> <\/em>and lenders and banks, Oh MY!\u00a0 Pawnshops<em> <\/em>and lenders and banks, Oh MY! <em> <\/em><\/strong><\/p>\n<p>What CAR (and Amy) conveniently left out is the subsequent bill (also sponsored by Nava); AB 34- Licensing of Individual Loan Originators:<\/p>\n<blockquote><p><em>Requires all mortgage loan originators to be individually licensed.\u00a0 Also requires all loan originators to register with a national database and submit criminal history background checks.<\/em><\/p><\/blockquote>\n<p>CAR has been calling for a bill like AB34 for a number of years but only if it fell under the Department of Real Estate.\u00a0 California was one of the first states to license individual originators, under the California Department of Real Estate.\u00a0 Let me re-highlight a key phrase to the opposition of AB 33:<\/p>\n<blockquote><p><em>Real estate licensees, regulated by the DRE, should not be blended in with the banks, credit unions, consumer finance lenders, residential mortgage lenders and pawnbrokers because, unlike these <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7867\/california-proposes-to-regulate-realtors-alongside-pawn-shops-and-lenders-and-banksoh-my\/#more-7867\" class=\"more-link\">Read more<\/a><\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Assemblyman Pedro Nava sponsored a bill (CA-AB33) to reorganize our state&#8217;s financial services&#8217; regulators to be under one umbrella, the newly created Department of Financial Services.\u00a0 The idea is to save a bunch of money for the State. Of course, CAR is going nuts.\u00a0 Amy Steele reports via ActiveRain.com: AB 33 (Nava), which C.A.R. opposes, [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[251,26,5],"tags":[],"class_list":{"0":"post-7867","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-big-mother","7":"category-lending","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1489,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1489\/tennessee-commission-rebate-ban-signed-into-law\/","url_meta":{"origin":7867,"position":0},"title":"Tennessee commission rebate ban signed into law","author":"Greg Swann","date":"May 31, 2007","format":false,"excerpt":"From the the Nashville Tennessean:Gov. Phil Bredesen has signed a bill reinstating a ban on cash rebates for home sales and other real estate transactions, despite opposition from consumer advocates and federal antitrust officials. The bill signed late Wednesday reverses a decision made earlier this month by state regulators to\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18025,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18025\/overnight-news-the-full-uruguay-intellectual-capital-is-now-transnational-and-so-are-commercial-and-residential-real-estate\/","url_meta":{"origin":7867,"position":1},"title":"Overnight News: The Full Uruguay: Intellectual capital is now transnational \u2013 and so are commercial and residential real\u00a0estate.","author":"Greg Swann","date":"April 6, 2021","format":false,"excerpt":"If you know when you hire them that your employees will never, ever be coming in to the office, why would you care where they live? Bandwidth-permitting, why not Uruguay? Better yet, why not recruit \u2013 with no worries about visas \u2013 from Uruguay's intellectual elite, instead? That flips the\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":880,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/880\/community-choice-in-real-estate\/","url_meta":{"origin":7867,"position":2},"title":"Community Choice in Real Estate","author":"Russell Shaw","date":"January 10, 2007","format":false,"excerpt":"\"Interested\" wrote: What would be the disadvantage of listing a home with a Realtor who charges a flat fee based on services provided? Brian Brady responded: I'd like to take stab at this question: It's economics. There is a school of thought that suggests that Realtors are clerks; some are.\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2141,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2141\/real-estate-partnerships-under-act-in-congress\/","url_meta":{"origin":7867,"position":3},"title":"Real Estate Partnerships Under Attack in Congress","author":"Sean M. Broderick, CCIM","date":"October 31, 2007","format":false,"excerpt":"For many of us that are involved in professional real estate designations (CCIM, CRB, SIOR, CRS, etc.), we've spent countless hours studying, networking and differentiating ourselves from the pack in order to better represent ourselves and our clients. Among the benefits is being alerted to the fact that someone in\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1490,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1490\/arizona-real-estate-licensing-fuels-debate\/","url_meta":{"origin":7867,"position":4},"title":"Arizona real estate licensing fuels debate","author":"Greg Swann","date":"June 1, 2007","format":false,"excerpt":"This is me in today's Arizona Republic (permanent link). I don't write the headlines. The implication of this one, I think, is that I am debating with myself -- always possible -- since no one else talks about these things. Arizona real estate licensing fuels debate I wrote a couple\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17559,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17559\/overnight-news-why-are-corporate-anti-racists-pro-slavery-you-cant-spell-sociopath-without-ci\/","url_meta":{"origin":7867,"position":5},"title":"Overnight News: Why are corporate anti-racists pro-slavery? You can&#8217;t spell sociopath without\u00a0Ci.","author":"Greg Swann","date":"December 2, 2020","format":false,"excerpt":"The corporate weenies who spent all Summer lecturing you about your racism to try to shed their own consistently systemically-racist reputations are arguing for slavery before Congress. No kidding \u2013 linked below. The funny part is in the NASDAQ news: As I have been pointing out since Bostock, every commercial\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=7867"}],"version-history":[{"count":16,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7867\/revisions"}],"predecessor-version":[{"id":7883,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7867\/revisions\/7883"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=7867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=7867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=7867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}