- May 25, 2002
- Professional Status
- Certified Residential Appraiser
State senator proposes new real estate, mortgage rules
SB 1054 closes two loop-holes in current law. The first provision gives DRE the ability to ban individuals who have been found guilty of violating the Real Estate law from taking a real estate-related job with a company that has a different regulator. The second provision prohibits a real estate professional who gives an opinion of value on a property to a mortgage lender from acting as the listing agent on that property for a period of one year.