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.
