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FinCEN Update: Trusts are no longer considered a “Legal Entity”
Trusts are no longer considered a reportable “Legal Entity”; therefore, the requirements for submitting may be ignored.
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Tips To Attract Buyers To Your Open House This Halloween!
Halloween is an exciting time to attract attention from home buyers by getting creative with your next open house, especially if the neighborhood is filled with families with young children!
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Read Our 10 Tips To Protect Yourself From Cybercriminals.
Wire fraud is one of the fastest growing cybercrimes in the United States.
An emerging financial cyber threat called business e-mail compromise (BEC) is a multifaceted global fraud scheme that targets businesses and their clients. Highly sophisticated techniques include spear-phishing, social engineering, e-mail spoofing, identity theft, and the use of malware. Cybercriminals forge the identity of a company or an employee or person you know. The cybercriminal will send you an email with new wire instructions to the criminal’s bank account. [Read more…] about Read Our 10 Tips To Protect Yourself From Cybercriminals.
How to Hold Title: A Brief Guide to Property Ownership in California
Title is the concept we use in real estate to define the actual ownership rights that someone has to a property.
California offers different options for title ownership, each of which has significant and different tax and legal consequences. Before you close, you should determine which form of title will be optimal for you and those closest to you. Here’s our quick guide to each form of holding title in California.
Download our quick guide to holding title and property ownership in CA.
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Understanding Your Deed: The Grant Deed, The Quitclaim Deed, and Interspousal Deed
A deed is a legal document that transfers title to a new holder of a property. The deed is the vehicle for transferring a title, but is not the title itself. The signing of a deed must be notarized and filed in the public record in order to make the document binding in the court of law.
Your escrow officer will help you determine which type of deed to file. The information below outlines the specifications of each. [Read more…] about Understanding Your Deed: The Grant Deed, The Quitclaim Deed, and Interspousal Deed
California Bureau of Real Estate (CalBRE) Reemerges as Department of Real Estate (DRE)
The California Bureau of Real Estate (CalBRE) will cease to exist and will become the Department of Real Estate (DRE), effective July 1, 2018.
On October 15, 2017, Governor Brown signed SB 173, which:
- renames the CalBRE the DRE; and
- removes the CalBRE from the Department of Consumer Affairs (DCA) to classify it as an independent department under the Business, Consumer Services and Housing Agency (BCSH).
The California Department of Real Estate became a bureau on July 1, 2013, as part of a government reorganization plan instituted in 2012. The consolidation of California agencies was intended to streamline government services and save money.
So, brokers and agents, be prepared to welcome back the DRE and embark on another mission to update your business materials in conformance with new government changes. The change is not expected to impact consumers, licensees or license.
Escrow of the West Extends Escrow Services to Ventura County
VENTURA COUNTY—Escrow of the West is pleased to announce the grand opening of its newest branch located at 2659 Townsgate Rd., Suite 200, Westlake Village, CA 91361. In addition to the company’s current reputable offices in Beverly Hills and Woodland Hills, Escrow of the West’s beautifully designed Westlake Village office marks the exciting extension into the Conejo Valley.
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