
DRE Form RE882, Spanish California Department of Real Estate Dre Ca


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People also ask
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Is there such thing as a loan broker?
While a borrower can directly borrow from a lender, a loan broker can help the borrower decide which lender meets the borrower's financial goals. Using a loan broker can help borrower save time, and can usually help the borrower find a lender with lower interest rate.
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Can a real estate broker do loans in California?
A California real estate broker license is required in order to perform mortgage loan activities in California.
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Can a real estate broker also be a mortgage broker in California?
As a licensed real estate broker, you may engage in mortgage brokering without any additional license.
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Do you need a license to be a loan broker in California?
The CA-DFPI license is required for any mortgage loan originator employed by a DFPI licensed lender or broker. This applies to any mortgage lender governed by either California Finance Law (CFL) or the California Residential Mortgage Lending Act (CRMLA).
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What is the difference between California DFPI and California DRE?
The DFPI governs California Finance lenders and the Department of Real Estate governs real estate brokers. So you have two different regulatory agencies governing two different parties who could theoretically make loans.
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Can a broker give you a loan?
Both brokers and lenders “offer” loans — but in different ways. A mortgage broker doesn't originate or fund mortgages; only lenders actually provide the money.
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What is a mortgage loan disclosure statement?
A closing disclosure is a legally-required, five-page statement of your final mortgage loan terms and closing costs. It contains details about your loan term, monthly payments, fees and other closing costs.
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What is the main purpose of the California Department of Real Estate?
The mission of the California Department of Real Estate is to safeguard and promote the public interests in REAL ESTATE MATTERS through licensure, regulation, education and enforcement.
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