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Corporation Background Statement (RE 212) Corporation Background Statement RE 212 - dre ca

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The document is a Corporation Background Statement (RE 212) issued by the State of California Bureau of Real Estate. It requires detailed personal and professional information from directors, officers, and significant shareholders of a corporation applying for a real estate license. The form includes questions about past legal issues, business license history, and criminal convictions, along with instructions for completion and submission. It emphasizes the importance of accuracy in responses to avoid processing delays or denial of the license.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can a real estate agent be a corporation in California?

A corporation may be licensed as a real estate broker through one or more of its officers who are brokers or have qualified for a broker license by examination within the twelve months preceding receipt of application.

What does dre mean on a background check?

There is no . 08 threshold like in alcohol where a person can be scientifically determined to be impaired. So, the State must prove impairment by the persons driving and personal conduct. This is where a drug recognition evaluation (DRE) comes into play.

Who needs a Dre license in California?

This license is required of individuals who conduct licensed real estate activities as described in the Real Estate Law under the supervision of a licensed broker. A license may also be obtained by a person who does not immediately intend to be employed by a broker.

What is the difference between portability and reciprocity?

Reciprocity Versus Portability Simply put, reciprocity may allow a licensee to cross the border and do business provided they meet the requirements for doing business in the other state. Portability mainly addresses what a licensee must do to be licensed in the state they are moving to or working in regularly.

What triggers a Dre audit?

The DRE takes regulatory compliance very seriously and audits realtors for two reasons: either in response to complaints from a customer (investigative audits), or as a result of random selection (routine audits).

What is dre form 204?

State of California. Department of Real Estate. Broker Change Application. (For Broker Licensees)

Can a corporation be a DRE?

Can a Corporation Be a Disregarded Entity? No, a corporation cannot be a disregarded entity for federal tax purposes. Disregarded entity status is typically associated with certain types of pass-through entities, such as single-member limited liability companies (LLCs).

What is the purpose of the California Department of Real Estate?

To safeguard and promote the public interests in real estate matters through licensure, regulation, education and enforcement.

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