Admin Letterhead Word - California Association of Realtors

STATE OF CALIFORNIA — BUSINESS, TRANSPORTATION AND HOUSING AGENCY
ARNOLD SCHWARZENEGGER, Governor
DEPARTMENT OF REAL ESTATE
Enforcement Section
P.O. Box 187000
Sacramento, CA 95818-7000
(916) 227-0864
SUMMARY OF ENFORCEMENT ACTIONS OF THE
CALIFORNIA STATE
DEPARTMENT OF REAL ESTATE
SEPTEMBER 2010
The Department of Real Estate is a licensing and regulatory agency empowered to seek
disciplinary action through the State Office of Administrative Hearings against licensees
who violate specific sections of the State Business and Professions Code. We also are
empowered to file orders to desist and refrain against licensed and unlicensed individuals
and entities. Enclosed is a listing of September 2010: 1) disciplinary actions initiated
against real estate licensees involving real estate transactions, audits and voluntary
surrenders, 2) actions on petition and license applications and 3) filed orders to desist and
refrain from conducting licensed activities.
In addition, this broadcast email includes the following Consumer Alerts: Consumer
and Industry Warning: False and Misleading Designations and Claims of Special
Expertise, Certifications and/or Credentials; “Cash for Keys” – Information for
Consumers and DRE Licensees. Please feel free to disseminate and forward this
information to your associates and other interested parties.
Consumer materials, complaint forms and other helpful additional information may be
obtained by accessing the Department’s website at www.dre.ca.gov.
The Department’s Consumer Call Center can be reached at (877) 373-4542.
JOE M. CARRILLO
Managing Deputy Commissioner IV
Law Enforcement Coordinator
[email protected]
(916) 227-0878
State of California - Departmen t of Real Estate
Enforcement Report
Run Date: October 07,2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
iolations
Transactional Accusation
H05418 SAC
Sacramento
Voluntary License
Surrender
Lester, David Lee
H10082 SF
Sacramento
Outright Revocation Neri, Felipe Arturo
H10082 SF
Sacramento
H10082SF
Broker
18867 BREWER RD
GRASS VALLEY, CA 95945
6/26/2010
9/112010
Salesperson 38855 BLUE GRASS CT
NEWAR K, CA 94560
61212008
916/2010
B&P 10177(g), B&P 10176(i),
B&P 1o176(c), B&P 10176(a)
Outright Revocation Sanchez. Peter G
Salesperson
61212008
916/2010
B&P 10177(g), B&P 10176(i),
B&P 10176(c), B&P 10176(a)
Sacramento
Outright Revocation Burnias, Eddie
Salesperson 715 LOCUST ST
SAN JOSE . CA 95110
61212008
916/2010
B&P 10177(g), B&P 10176(i),
B&P 10176(c), B&P 10176(a)
H10082SF
Sacrame nto
Outright Revocat ion Maxwell, Natrian Bernard
Salesperson
61212008
916/2010
B&P 10177(g), B&P 10176(i),
B&P 10176(c), B&P 10176(a)
H10082SF
Sacramento
Outright Revocation
Salesperson
61212008
916/2010
B&P 10177(g), B&P 10176(1),
B&P 10176(c), B&P 10176(a)
H36358 LA
Los Angeles
Outright Revoca tion The Standard Group Inc.
Corporation
11/17/2009
91712010
B&P 10177.5
H36358LA
Los Angeles
Outright Revocation Oh. William Sehyok
Broker
Officer
11/17/2009
91712010
B&P 10177.5
H10894S F
Sacramento
Revoca tion with
Restricted License
Salesperson 4 LAS AROMAS
ORINDA, CA 94563-
3/29/2010
9/712010
B&P 10176(i), B&P 10176(c),
B&P 101770), B&P 10176(a)
H05180SAC
Sacramento
Outright Revocation Ward Real Estate Brokerage Corporation
3/20/2009
9/812 010
H05180SAC
Sacramento
Outright Revocation Ward, Leesa Marie
Broker
3/20/2009
9/812010
B&P 10176(i), B&P 10176(b),
B&P 10177(n), B&P 10177(d),
B&P 10176(a), Reg 2715, Reg
2742(c), B&P 10162
B&P 10176(i), B&P 10176(b),
B&P 10177(d), B&P 10176(a),
Reg 2715, B&P 10162
H05180SAC
Sacrame nto
Outright Revoca tion Jensen. Alison Ann
Broker
Officer
3/20/2009
9/812010
B&P 10177(h), B&P 10159.2.
B&P 10177(d), Reg 2715, B&P
10162, Reg 2725
H35998LA
Los Angeles
Outright Revocation Creative Solutions Financial ( Corporation
8321 FONTANA ST
DOWNEY , CA 90241
5/27/2009
9/13/2010
B&P 10177(g), B&P 10137,
B&P 10177(d)
H35998LA
Los Angeles
Outright Revoca tion Triple AAA Lending and Real' Corporation
7344 LINDSEY AVE
PICO RIVERA , CA 90660
5/27/2009
9/13/2010
B&P 10177(g), B&P 10137,
B&P 10177(d)
Page 1 of 21
Wa rden, Robert
Robertson, Reed Bennett
2690 GUMDROP DR
SAN JOSE . CA 95148-
801 S GRAND AVE # 1504
LOS ANGELES, CA 90017
State of California - Department of Real Estate
Enforcement Report
Run Date: October 07,2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
ame
Comments
Tran sactional Accusation
H35998LA
Los Angeles
Revocation with
Restricted License
Mendoza, Betsy
Salesperson 8132 FIRESTONE BLVD #320
DOWNEY, CA 90241
5/27/2009
9/13/2010
B&P 10177(g). B&P 101770).
B&P 10177(f)
H35998LA
Los Angeles
Revocation with
Restricted License
Camacho, Gabriel
Salesperson 8321 FONTANA ST
Officer
DOWNEY . CA 90241
5/27/2009
9/13/2010
B&P 10177(g), B&P 10177(h),
B&P 10137. B&P 10159.2, B&P
10177(d)
H35998LA
Los Angeles
Revocation with
Restricted License
Danis, Octavio
Salesperson 7344 LINDSEY AVE
PICO RIVERA. CA 90660
5/27/2009
9/13/2010
B&P 10177(d)
H35903LA
Los Angeles
Outright Revocation Ricketts, Carlos Antonio
Broker
4/23/2009
9/15/2010
B&P 10177(g), Reg 2950(c),
B&P 101770). B&P 10148, B&P
10177(f), Reg 2950(g)
H36414LA
Los Angeles
Outright Revocation Baychue Stamps & Associate Corporation
1/1212010
9/20/2010
H36414LA
Los Angeles
Outright Revocation Stamps , Cheryl Arthudar
3550 W CENTURY BLVD
SUITE 103 104
INGLEWOOD. CA 90303
1/1212010
9/20/2010
B&P 10177(g), B&P 10165,
B&P 10177(d), B&P 10177(f),
Reg 2715, Reg 2742(c). B&P
10162
B&P 10177(g), B&P 10165,
B&P 10177(d), Reg 2715, B&P
10177(f). B&P 10162
H36049LA
Los Angeles
Suspens ion with
Stay - Monetary
Penalty
Ram Properties and Associat Corporation
1465 SUNDANCE DR
BEAUMONT, CA 92223
6/1212009
9/20/2010
B&P 10177(g), B&P 10137,
B&P 10177(d)
H36049LA
Los Angeles
Suspension with
Stay - Monetary
Penalty
Gonzales, Joseph Bustamanl Broker
Officer
23887 SUNNYMEAD BLVD STE (6/1212009
MORENO VALLEY. CA 92553
9/20/2010
B&P 10177(g), B&P 10177(h).
B&P 10137. B&P 10159.2, B&P
10177(d)
H36132LA
Los Angeles
Outright Revocation New York City Lending Group Corporation
7/23/2009
9/20/2010
H02450FR
Sacramento
Outright Revocation Allencompass Financial Servi Corporation
2116/2010
9/20/2010
B&P 10177(g), B&P 10165,
B&P 10177(h), B&P 10159.2.
B&P 10177(d), Reg 2715, B&P
10162
B&P 10232.4, B&P 10177(d).
B&P 10176(a). B&P 10240
H02448FR
Sacramento
Outright Revocation Home Lending Group Inc,
Corporation
2111/2010
9/20/2010
B&P 10148, B&P 10177(d)
H02448FR
Sacramento
Outright Revocation Miller. Sandra
Broker
Officer
3391 N PARKWAY DRIVE #2 1
FRESNO, CA 93722
2111 /2010
9/20/2010
B&P 10177(g), B&P 10177(h),
B&P 10159.2, B&P 10177(d)
H36132LA
Los Angeles
Outright Revocation Tosti, Charles Louis
Broker
Officer
260 CALIFORNIA DR
YOUNTVILLE. CA 94599
7/23/2009
9/20/2010
B&P 10177(g), B&P 10165,
B&P 10177(d), Reg 2715, B&P
10162
H36132LA
Los Angeles
Outright Revocation Moghaddam, Avizeh
Broker
Officer
7/23/2009
9/20/2010
B&P 10177(g). B&P 10165,
B&P 10177(d). Reg 2715. B&P
10162
Page 2 of 21
Broker
Officer
7506 S WESTERN AVE
LOS ANGELES. CA 90047
State of California - Department of Real Estate
Enforcemen t Report
Run Date: October 07.2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
ction
Name
omments
Transactional Accusation
H36132LA
Los Ange les
Outright Revocation Mutual of Milwaukee Inc.
Corporation
7/23/2009
9/20/2010
B&P 10177(g). B&P 10177(h).
B&P 10159.2. B&P 10177(d)
H36370LA
Los Ange les
Outright Revocation
Salesperson 9811 BOTHWEL L RD
NORTHRIDGE . CA 91324
121212009
9/21/20 10
H36416LA
Los Angeles
Outright Revoca tion Rescom Mortgage Inc.
Corporation
1/12120 10
9/2212010
B&P 10177(g). B&P 10176{i).
B&P 101770). B&P 10137. B&P
10177(d). B&P 10176(a). B&P
10130
Reg 2742. B&P 10177(d). B&P
10177(f)
H36395LA
Los Angeles
Outright Revoca tion MAC Industries Inc.
Corporation
12123/2009
9/2212010
Reg 2715. B&P 10162
H36315LA
Los Ange les
Outright Revocation Campbell . Christopher Dale
Salesperson
10/2212009
9/2212010
B&P 10177(g). B&P 101770).
B&P 10177(d)
H36162LA
Los Angeles
Outright Revocation
Seny. Isaac Daryl
Broker
8/6/2009
9/2212010
B&P 10177(g). B&P 10177(d).
B&P 10176(a)
H36014LA
Los Angeles
Outright Revocation
Home Advantage Funding Gr Corporation
6/212009
9127/2010
Reg 2970. B&P 10137. B&P
10085. B&P 10146
H02361FR
Sacramento
Outright Revoca tion Zentner. Kevin
3/1212009
9/29/2010
B&P 10176(i). B&P 101770).
B&P 10177(d). B&P 10085.
B&P 10130. B&P 10145(c)
Page 3 of 21
Garcia . Roy A
34145 PACIFIC COAST HWY
#338
DANA POINT. CA 92629
3238 W 153RD ST
GARDENA . CA 90249
Salesperso n 234 AUBURN ST
SALINAS . CA 93901
State of California - Department of Real Estate
Run Date: October 07,2010
Enforcement Report
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
l ame
/ [icense
Aaaress
Comments
trype
Audit Accusation
H05324SAC
Sacramento
Suspension with
Stay - Monetary
Penalty
Meehan, Rhonda Karen
Broker
624 MAIN ST
FORTUNA. CA 95540
12129/2009
91712010
Reg 2834, Reg 2831, B&P
10177(d), Reg 2831.1. Reg
2831.2, Reg 2832, B&P 10145
H05281SAC
Sacramento
Suspensio n with
Stay - Monetary
Penalty
Gatejen, Janet Lynn
Broker
1200 38TH STREET
SACRAMENTO. CA 95816
10/23/2009
91712010
H10797SF
Sacramento
Outright Revocation Analy Mortgage Center Inc,
Corporation
11/3/2009
9171201 0
H10836SF
Sacramento
Suspension with
Stay - Monetary
Penalty
Campbell, Donald Douglas
Broker
1000 SANSOME ST #180
SAN FRANCISCO. CA 94111
1/19/2010
9/812010
H10983SF
Sacramento
D&R Service
Effected - Per Ser
IQ Smarter Investments Inc. Corporation
100 PARK PL #200
SAN RAMON, CA 94583
8/13/2010
9/11/2010
H10848SF
Sacramento
Outright Revocation Argentum Real Estate And M Corporation
21212010
9/14/2010
Reg 2731, B&P 10177(h), Reg
2831, B&P 10137, B&P 10148,
B&P 10159.2, B&P 10177(d),
Reg 2831.1, Reg 2831.2, B&P
10176(g), Reg 2832, B&P
10145, Reg 2725
B&P 10232.2(b), B&P 10176(i),
B&P 10238{a,b), Reg 2831,
B&P 10238(h), B&P 10176(e),
B&P 10232.4, B&P 10232.2,
Reg 2831.1, B&P 10177(d),
B&P 10161.8(b), Reg 2835,
B&P 10238(f), B&P 10240, Reg
2832, Reg 2715, B&P 102380),
B&P 10232(e)
Reg 2731, Reg 2834, Reg
2831, B&P 10137, B&P
10176(e), B&P 10177(d), B&P
10163, B&P 10130, Reg 2832,
B&P 10145, B&P 10159.5
Reg 2970, Reg 2836, Reg
2831, B&P 10176(e), B&P
10148, B&P 10085, Reg
2831.1, Reg 2835, Reg 2831.2,
Reg 2832, B&P 10146, Reg
2972, Reg 2725
Reg 2970, Reg 2834, B&P
10231, Reg 2831, B&P 10234,
B&P 10176(e), Reg 2835, B&P
10177(d), B&P 10085, B&P
10240. Reg 2832, Reg 2715,
B&P 10145
H02480FR
Sacramento
Voluntary License
Surrender
Searle-Livingston, Sharline
4/2212010
9/15/2010
H02480FR
Sacramento
Voluntary License
Surrender
Ed Veronick Mortgage Loans Corporation
4/2212010
9/15/2010
H02480FR
Sacramento
Voluntary License
Surrender
Esparza. Ronnie Lee
4/2212010
9/15/2010
Page 4 of 21
Salesperson 578 POLK ST
MONTEREY. CA 93940
Salesperson 333 HERMAN AVE
WATSONVILLE, CA 95076
State of California - Department of Real Estate
Enforcement Report
Run Date: Octobe r 07, 2010
DISCIPLINARY ACTIONS FOR THE
l ame
Audit Accusation
-I
H10770SF
Sacramento
Revocation with
Restricted Ucense
H10713SF
Sacramento
Outright Revocation Tran, Dung Ngoc
H10754SF
Sacramento
Suspension with
Stay - Monetary
Penalty
H10989S F
Sacramento
H10989SF
ONTH OF September, 2010
I
licens e
irype
Aa aress
Broker
Officer
2024 QUIET PLACE DRIVE
WALNUT CREEK, CA 94598
Comments
10/15/2009
9/1512010
Salesperso n PO BOX 720913
SAN JOSE , CA 95172-
6/19/2009
9/20/20 10
B&P 10232.2(a), B&P 10177(g).
B&P 10231.1, Reg 2832.1, Reg
2831, B&P 10177(h), B&P
10159.2, B&P 10232.25(a,b),
B&P 10177(d), Reg 2831.1,
Reg 2831.2, Reg 2715, B&P
10232.2(c), B&P 10145
Reg 2731, B&P 10177(d)
Noble, Thomas Gary
Broker
Officer
714 W IMBLEDON LANE
LIVERMORE, CA 94551
811 1/200 9
9/23/20 10
B&P 10177(g), B&P 10177(d)
D&R Service
Effected - Per Ser
Zhovreboff, Walter
Broker
Officer
5517 GEARY BLVD
SUITE 206
SAN FRANCISCO, CA 94121
8/19/20 10
9/28 /2010
B&P 10177(g), B&P 10177(h),
B&P 10159.2, B&P 10177(d),
B&P 10130, Reg 2742(c)
Sacramento
D&R Service
Effected - Per Ser
First Home Inc,
Corporation
5517 GEARY BLVD STE 201
SAN FRANCISCO, CA 94121
8/19/201 0
9/28 /2010
B&P 10177(g), Reg 2832. 1,
Reg 2831, B&P 10241, Reg
2831.1, B&P 10177(d), Reg
2831.2, B&P 10240, B&P
10161.8, B&P 10130, Reg
2832, Reg 2726, B&P 10145,
B&P 10160, Reg 2753, Reg
2742(c)
H36474LA
Los Angeles
Voluntary License
Surrender
Volner, Barak
Broker
Officer
607 S HILL STREET
SUITE 507
LOS ANGELES, CA 90014
2126/2010
9/29/20 10
H10752SF
Sacramento
Revocation with
Restricted License
Ng, Barney Joe
Not Currently 201 LAFAYEITE CIR
LAFAYEITE, CA 94549
Licensed
8/11/2009
9/30 /2010
H10752SF
Sacramento
Revoca tion with
Restricted License
Bar Kin e,
Corporation
8/11/2009
9/30/2010
Page 5 of 21
Smith. Michael Scott
B&P 10176(i), B&P 10234, B&P
10177(h), B&P 10238(h) , Reg
2831, B&P 10232.4 , B&P
10159.2, B&P 10148, B&P
10177(d), B&P 10238(f), Reg
2725, Reg 2841
B&P 10148(a), B&P 10176(i),
B&P 10234, Reg 2831, B&P
10238(h), B&P 10232.4, B&P
10177(d), B&P 10238(f), Reg
2841
State of California - Departme nt of Real Estate
Enforc ement Report
Run Date: October 07,2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
clion
l ame
I I.::iCenSe
iType
A
ress
Comments
Rap Accusation
H05421SAC
Sacramento
Outright Revoca tion Knuts on, Paul Kevin
Salesperson 4900 PAPAYA DR
FAIR OAKS , CA 95628
7/9/2010
9/1/2010
H36697LA
Los Angeles
Voluntary License
Surrender
Chaves, Yvon
Salesperso n PO BOX 12222
SAN BERNARD INO, CA 92423
6/24/2010
9/112010
H10792SF
Sacramento
Voluntary License
Surrender
Menon, Kirtikum ar Manick am Broker
Officer
11/212009
911/2010
H36407LA
Los Ange les
Outright Revocation Villarrea l, Reyna A
Salesperson 2238 TOULOUSE ST
CORO NA, CA 92882-7588
1/7/2010
9/212010
H36558LA
Los Angeles
Outright Revoca tion Giles, Melissa Kathleen
Salespe rson 20823 KINGSTON LN
RIVERS IDE, CA 92508
3/27/2010
9/312010
B&P 10177(b), B&P 490
H05188SAC
Sacramento
Outright Revocation Shannon. Laurel Susan
Salesperson 7056 RIATA DR
REDDING, CA 96002
4/10/2009
9/612010
B&P 490, B&P 10177(b)
H35970LA
Los Ang eles
Revocation with
Restricted License
Salesperson 636 AVONDAL E DR
CORO NA, CA 92879
5/14/2009
91712010
B&P 10177(b). B&P 490
H36390LA
Los Angeles
Outright Revoca tion Lewis, Valerie Ann
Salesperson 1927 BROWN ING BLVD
LOS ANGE LES , CA 90062-
12129/2009
91712010
B&P 490, B&P 10177(b)
H10804SF
Sacramento
Outright Revoca tion W ehr, Donna Marie
Sales person 7120 17TH HOLE DRIVE
W INDSOR , CA 95492
11/1212009
91712010
B&P 490 , B&P 10177(b)
H05300SAC
Sacramento
Outright Revocation Albright, David Michael
Salesperson 3761 MONTE VERDE DR
LINCOLN , CA 95648
11/1212009
91712010
B&P 490, B&P 10177(b)
H05298 SAC
Sacramento
Outright Revocation Barbaccia, Diane Lynn
Salesperson 1785 DEERF IELD DR
YUBA CITY, CA 95993
11/1212009
91712010
B&P 490, B&P 10177(b)
H10897SF
Sacramento
Outright Revoca tion Bellingh ausen. Patrick Edwar Salesperson 11920 CALLE CIELO
GILROY , CA 95020
3/30/2010
9/812010
B&P 490, B&P 10177(b)
H10886SF
Sacram ento
Outright Revocation Matsubara, Yukari
Salesperson 2134 SHELTER CREEK LANE
SAN BRUNO , CA 94066
3/25/2010
9/8120 10
B&P 490, B&P 10177(b)
H10896SF
Sacramento
Outright Revoca tion Gale, Andrew J
Broker
3/29/2010
9/812010
B&P 490, B&P 10177(b)
Page 6 of 21
Sterig, Adriana Robida
1 BLACKFIELD DRIVE
#153
TIBURON, CA 94920-2053
7422 MONIQUE PLACE
ROHNERT PARK , CA 94928
B&P 490, B&P 10177(b), B&P
10177(k)
State of California - Department of Rea l Estate
Enforcement Report
Run Date: October 07 .2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
ction
l ame
I
Parra . Alberto
Salesperson
1852 NAPLES DRIVE
SA N JOSE. CA 95122
3/25 /20 10
91812010
B&P 490 , B&P 10177(b)
Salesperson
3552 HAN KS STREET
SACRAMENTO, CA 9582 7
3/29 /20 10
91812010
B&P 490 , B&P 10177(b)
license
(lress
omments
;rype
Rap Accusation
H10887SF
Sacra mento
Outrigh t Revoca tion
H05369SAC
Sacra mento
Outright Revocation Creamer, Darrell Lee
H36309LA
Los Angeles
Outright Revoca tion RJM Realty & Mortgage Inc, Corpora tion
18000 VENTURA BLVD #20
ENCINO, CA 91316
10/1 9/2009
918/20 10
B&P 490 . B&P 10177(b)
H36309LA
Los Angeles
Outrigh t Revocation Mahboob, Rahim Jahangard Broke r
Officer
18000 VENTURA BLVD #20
ENCINO , CA 91316
10/19 /2009
918/2010
B&P 490, B&P 10177(b)
H36 155LA
Los Ange les
Outright Revocation
Hollins, Leonard Leandrew
Salesperson 6071 FALCON ST
VENTURA. CA 93003
8/4/2009
9/13 /2010
B&P 10177(b), B&P 490
H10843SF
Sacra mento
Revocation with
Restricted License
Da Silveira, Samuel
Salesperson 21265 HAV ILAND AVE
HAYWARD. CA 94541-2063
1/29/2010
9/13/2010
B&P 490, B&P 10177(b)
H36720LA
Los Ange les
Revocation with
Restricted License
Clark . Dave Wieland
Salespe rson
20432 SANTA ANA AVE #1 7
NEWP ORT BEA CH, CA 92660
7/8/2010
9/ 14/2010
B&P 10177(b)
H10787SF
Sacramento
Revoca tion with
Res tricted License
Riz, Michae l
Broke r
PO BOX 554
DALY CITY, CA 94017
10/24/2009
9/1412010
B&P 490 , B&P 10177(b)
H36281LA
Los Angeles
Outright Revocatio n Pietro . Rona ld F
Salesperso n POBOX 1050
LAGUNA BEAC H, CA 92652
9/28 /2009
9/15/20 10
B&P 10177(b)
H36076LA
Los Ange les
Voluntary License
Surrender
As torga . Guillermo Levy
Salesperson 13008 LEMAY STREE T
NORTH HOLLYWOOD. CA
91606
6/24 /2009
9/15/2010
H34904LA
Los Ange les
Reconsidera tion
Denied
Fernandez, Roge r S
Salesperson 489 1 LA RICA AVE
BALDWIN PARK . CA 91706
5/5/2008
9/16 /2010
B&P 10177(b)
H36193LA
Los Angeles
Revocation with
Restricted License
Hesse. Jacob W illiam
Salesperson 37635 SEVERN PL
INDIO. CA 92203
8/24 /20 09
9/20 /20 10
B&P 10177 (b)
H35622LA
Los Angel es
Outrigh t Revocation Kim , Chang Sook
Salesperson 7691 NUT GROVE AVE
CORONA. CA 92880
1/1 5/2009
9/20/2 010
B&P 10177 .5
H04 109SD
Sacramento
Outright Revoca tion
Salesperson
5/23/2 010
9/20/2010
B&P 10177(b), B&P 490
Page 7 of 21
Stolow , George D
12435 ADDAX COURT
SAN DIEGO. CA 92129
State of California - Departm ent of Real Estate
Enforcement Report
Run Date: October 07, 2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
I Name
I~:nse
AdClress
omments
Rap Accusation
H04107 SD
Sacramento
Outright Revocation Wilson, Michael Casey
Salesperson 9255-359 N MAGNOLIA AVE
SANTEE, CA 92071
5/23/2010
9/20/20 10
B&P 10177(b), B&P 490
H02487FR
Sacramento
Outright Revocation Alcantar, David
Salesperson 15WUAGH RD
WATSONVILL E. CA 95076
5/17/2010
9/20/2010
B&P 10177(b), B&P 490
H10929SF
Sacrame nto
Outright Revocation Hasanzada, Sayed H
Salesperson
5/18/2010
9/20/2010
B&P 490. B&P 10177(b)
H36441 LA
Los Angeles
Outright Revocation Maceda, Maris Virginia
Salesperson 10028 MARNICE AVE
TUJU NGA. CA 91042
1/28/2010
9/20/2010
B&P 490. B&P 10177(b)
H10925SF
Sacramento
Outright Revocation Tomaz, Gary
Salesperson 26953 HAYWARD BLVD #211
HAYWARD, CA 94542
5/17/20 10
9/20/2010
B&P 10177(b), B&P 490
H36308LA
Los Angeles
Outright Revocation Lawson, Lawrence Elliott
Broker
10/19/2009
9/27/2010
B&P 490, B&P 10177(b)
H35561LA
Los Angeles
Outright Revocation Zemel. Robert Samuel
Not Currently 7330 STONE CREEK LN
Licensed
ANAHE IM, CA 92808
12123/2008
9/28/2010
H36486LA
Los Angeles
Outright Revocation Gonzalez, Maria Imelda
Not Currently 11011 BALBOA BL
Licensed
GRANADA HILLS. CA 91344
2127/2010
9/2812010
B&P 10177{b), B&P 490
H36484LA
Los Angeles
Outright Revocation Metcalf, Kristoffer Scott
Not Currently PO BOX 3787
Licensed
TUSTIN, CA 92781
2127/2010
9/28/2010
B&P 10177(b). B&P 490
H36480LA
Los Angeles
Outright Revocation Jones, Brian Curtis
Salesperson 16749 KETT ENBURG LN
MORENO VALLEY, CA 92551
2127/2010
9/28/2010
B&P 10177(b), B&P 490
H03947SD
Sacramento
Outright Revocation Goold, Edward Eric
Broker
2639 CARDINAL RD
SAN DIEGO. CA 92123
4/23/2009
9/29/2010
B&P 10177(b), B&P 490
H04090 SD
Sacramento
Outriqht Revocation Dahlstrom. Helen Katherine
Salesperson 3531 CAMEO DR #97
OCEANSIDE, CA 92056
4/13/2010
9/29/2010
B&P 10177(b). B&P 490
H05375SAC
Sacramen to
Outright Revoca tion Overton. John Blanton
Not Currently 3646 NORTH MONITOR CIR
Licensed
STOCKTON, CA 95219-
4/15/2010
9/30/20 10
B&P 490, B&P 10177(b)
H10871SF
Sacramento
Outright Revocation Choudhery. Shahbaz Mahmo Salesperson 1162 INGERSON ST
SAN FRANCISCO, CA 94124
3/17/2010
9/30/2010
B&P 490, B&P 10177(b)
Page 8 of 21
POBOX 91399
LOS ANGELES, CA 90009
State of Califomia - Depa rtment of Real Estate
Run Date: October 07.2010
Enforce ment Report
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
omments
Rap Accusation
H10841SF
Pag e 9 of 21
Sacrame nto
Revocation with
Restricted License
Grubb. Noree n Christine
Broker
1562 CAMI NO DEL MAR #543
DEL MAR. CA 92014
1/29/2010
9/30 /201 0
B&P 10177(g). B&P 10177(f)
State of California - Department of Real Estate
Enforcement Report
Run Date: October 07,2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
I arne
Comments
Petitions to Reinstate Licenses
H04398 SAC
Sacramento
Reinstatement
Denied
Allen, Ronnie D
Broker
Officer
H03521SAC
Sacramento
Reinstatement
Denied
Red Shield Servicing Inc,
Corporation
H03521SAC
Sacramento
Reinstatement
Denied
Bieber, Ronald Roy
Broker
Officer
H03861SAC
Sacramento
Reinstatement
Granted
Ruby, Lawrence Leland
Broker
Officer
Page 10 of 21
PO BOX 5062
SACRAMENTO , CA 95817
1218/2005
9/1/2010
6/2212000
9/10/2010
9616 MICRON AVE STE 700
SACRAMENTO , CA 95827-
6/2212000
9/10/2010
1166 E LASSEN AVE
CHICO, CA 95973
8/13/2003
9/15/2010
Stat e of California - Department of Real Estate
Run Date: October 07,2010
Enforcement Report
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
iolations
Petitions to Reinstate Licenses
H32661LA
Page 11 of 21
Los Ange les
Reinstatement
Granted
Delman, Brian Marc
Broker
Officer
611 S PALM CANYON DR STE
7112
PALM SPRINGS, CA 92264
416/2006
9/15 /2010
Comments
State of Califomia - Department of Real Estate
Run Date: October 07,2010
Enforcement Report
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
iolations
arne
Petitions to Reinstate Licenses
H01807FR
Page 12 of 21
Sacramento
Reinstatement
Granted
Bryant, Mary Jane
Salesperson 1020 N STEVENSON ST
VISALIA, CA 93291
7/1/2005
9/15/2010
State of California - Department of Real Estate
Enforcemen t Report
Run Date: October 07,2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
~I\ction
IName
I
[ icense
iryp e
omments
Aaaress
Petit ions to Reinstate Licenses
H01921FR
Sacramento
Removal of
Restric tions Denied
Martinez, Virginia
Not Currently 1874 HOLLIDAY ST
TULARE, CA 93274
Licensed
H09556SF
Sacramento
Removal of
Restrictions Denied
Dale, Matthew W
Salesperson
H04441 SAC
Sacramento
Remova l of
Restrictions Denied
Gropp, Erik Micheal Alexande Broker
H04349SAC
Sacramento
Removal of
Restrictions Denied
Giardina, Eric Michael
H04249SAC
Sacramento
Removal of
Restric tions Denied
H04061SAC
Sacramen to
Removal of
Rest rictions Denied
H02182FR
Sacramento
Removal of
Elze, Linda Teresa
Restrictions Granted
H02178FR
Sacramento
H09568SF
5/10/2006
9/112010
3/29/2006
9/112010
4093 ARAGON WAY
2/28/2006
RANCHO CORDOVA, CA 95742
9/112010
Not Currently
Licensed
10/3/2005
9/112010
Roberts, Michelle Candace
Not Currently 188 OLEANDER CIRCLE
REDDING, CA 96001
Licensed
3/18/2005
9/112010
Beach , Edgar Jackson
Salesperson
7/26/2004
9/112010
Salesperson
10/29/2007
9/1512010
Removal of
Johnson , Cheryl Lynd
Restrictions Granted
Salesperso n
101212007
9115/2010
Sacramento
Removal of
Morris, Terry Luvel
Restrictions Granted
Salesperson
4/1212006
9/15/2010
H01902FR
Sacramento
Removal of
Orozco , George
Restrictions Granted
Salesperso n 2521 WALNUT GROVE WAY
MODESTO , CA 95355
3/23/2006
9/15/2010
H03446SD
Sacramento
Removal of
Sawicki, John Gerald
Restrictions Granted
Broker
1494 KNOLL PARK GLEN
ESCONDIDO, CA 92029
3/13/2006
9/15/2010
H01867FR
Sacramento
Removal of
Cipolletti , Edward
Restric tions Granted
Salesperson
2525 AVEN IDA ESCUELA
BAKERSF IELD, CA 93306
1/4/2006
9/15/2010
H04392SAC
Sacramen to
Removal of
Wa terford, Tajuan Romell
Restrictions Granted
Salesperson
1256 W LATHROP ROAD #136
MANTECA , CA 95336
11/21/2005
911512010
H09243S F
Sacramen to
Removal of
Rodriguez , Arturo
Restrict ions Granted
Broker
94 GRAND ST
REDWOOD CITY , CA 94062
5/11/2005
9/15/2010
Page 13 of 21
4775 W STUART AVE
FRESNO , CA 93722
2801 WI LDFLOWER DR
ANTIOCH, CA 94531
POBOX 7608
OAKLAND , CA 94601
Stale of cauromta - Department of Real Estate
Run Date: October 07, 2010
Enforcement Report
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
-I~~nse--IAddress
Order FiJfing'
Date
Effective""; Violations
. mDale
Petitions to Reinstate Licenses
H33080LA
Page 14 of 21
Los Angeles
Removal of
Ross, Sandra Roberta
Restrictions Denied
Salesperson 23823 HUMPHRY CT
MURRIETA, CA 92562
712612006
9120/2010
II
-~ tomments
State of California - Departm ent of Real Estate
Enfo rcement Report
Run Date: October 07, 2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
ealing #
I ReglOn~ ACtiOn
Address
Order F1lJJng
Comments
Date
Petitions to Reinstate Licenses
H08687SF
Sacramento
Reinsta tement
Denied
Naidu, Ram Krishna
H03370SD
Sacramento
Reinsta tement
Granted
Balabanian, Chake Edouard Brok er
H08635SF
Sacramento
Removal of
Silva, Susana D
Restrictions Granted
Page 150121
Salesperson 30074 WOOD THRUSH PLACE
HAYWARD, CA 94544-
Salesperson
3112/2004
9/ 112010
1522 NAUTILUS ST
LA JOLlA, CA 92037
12/21/2005
9/15/2010
25021 VALLEY PL
CARMEL, CA 93923
112212004
9f1512010
State of Califomia - Department of Real Estate
Enforceme nt Report
Run Date: October 07,2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
I' ction
l ame
I l:icense
Hype
omments
ACiaress
Statement of Issues
H05269SAC
Sacramento
Outright Denial of
Application
Mofazeli, Anthony
Not Currently
Licensed
10/15/2009
911/2010
B&P 10177(b), B&P 480(a),
B&P 480(c), B&P 10177(a)
H10931SF
Sacramento
Denial with
Restricted License
by Order Hearing
Miller, Robert Martin
Salesperson
5/19/2010
9/112010
B&P 10177(b), B&P 480(a )
H10913SF
Sacramento
Outright Denial of
Application
Travis, Eldrich Omar
Not Currently
Licensed
4/2212010
9/1/2010
B&P 10177(b), B&P 480(a) ,
B&P 10177(a), B&P 480(c )
H36514LA
Los Angeles
Denial with
Restricted License
by Order Hearing
Fema ndez, John Charles
Salesperson 5852 AMBERDALE DRIVE
YORBA LINDA, CA 92886
3/21/2010
9/312010
B&P 10177(b), B&P 475(a)(1),
B&P 480(a), B&P 10177(a),
B&P 475(a)(2), B&P 480(c)
H36302LA
Los Angeles
Outright Denial of
Application
Tariq, Bashir Ahmad
Not Currently
LIcensed
10/14/2009
91712010
B&P 10177(b), B&P 480(a ),
B&P 10177(a), B&P 480(c)
H36100LA
Los Angeles
Denial with
Restricted License
by Order Hearing
Simon, Erick Daniel
Not Currently
Licensed
7/8/2009
9171201 0
B&P 10177(b), B&P 480(a),
B&P 475(a)(2)
H36393LA
Los Angeles
Outright Denial of
Application
Quinones, Daisy
Not Currently
Licensed
1212212009
9/8/2010
B&P 10177(b), B&P 480(a),
B&P 475(a)(2)
H05420SAC
Sacramento
Outright Denial of
Application
Rai, Jash Paul Singh
Not Currently
Licensed
7/8/2010
9/15/2010
B&P 10177(b), B&P 480(a),
B&P 480(c), B&P 10177(a)
H10932SF
Sacramento
Outright Denial of
Application
Goursky, Nicholas Nicholas
Not Currently
Licensed
5/19/2010
9/15/2010
B&P 10177(b), B&P 480(a)
H05393SAC
Sacramento
Outright Denial of
Application
Planetta, Victor
Not Currently
Licensed
5/18/2010
9/15/2010
B&P 10177(b), B&P 480(a ),
B&P 480(c), B&P 10177(a)
H10914SF
Sacramen to
Outright Denial of
Application
OHara, Roisin Angela
Not Currently
Licensed
4/2212010
9/15/2010
B&P 10177(b), B&P 480(a),
B&P 480(c), B&P 10177(a)
H36426LA
Los Angeles
Denial with
Restricted License
by Stipulation
McVeigh, Robert Warren
Salesperson
1/19/2010
9/21/2010
B&P 10177(b), B&P 480(a),
B&P 475(a)(2)
H02425FR
Los Angeles
Outright Denial of
Application
Collins, Thomas Hayes ·
Not Currently
Licensed
10/26/2009
9/2212010
B&P 10177(b), B&P 480(a ),
B&P 475(a)(2)
H05381SAC
Sacramento
Outright Denial of
Application
Miller, Karen Lynette
Not Currently
Licensed
4/27/2010
9/29/2010
B&P 10177(b), B&P 480(a)
Page 16 of 21
State of California - Department of Real Estate
Run Date: October 07,2010
Enforcement Report
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
iolatlons
arne
Stateme nt of Issues
H10907SF
Sacram ento
Denial with
Restricted License
by Stipulation
Martin, Penny Jo
Salesperson
4/19/20 10
9/29 /20 10
B&P 10177(b), B&P 480(a)
H36657LA
Los Angeles
Denial with
Restricted License
by Stipulation
Rahimi, Mohammad
Not Currently
Licensed
6/1/20 10
9/30/20 10
B&P 10177(b), Reg 2910, B&P
480(a), B&P 475(a)(2)
Page 17 of 21
State of Californi a - Department of Real Estate
Enforcement Report
Run Date: Octob er 07, 2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
I ACtio n
IName
I
License
Type
Address
Order Filling
Date
Comments
Desist & Refra in
H10986SF
Sacramento
D&R ServiceUnable to Effect
REZNB Systems lnccrporatee Not Currently
Ucensed
811712010
911 /2010
Reg 2970, B&P 10085
H10986S F
Sacram ento
D&R Service Unable to Effect
Ali, Mirza Zulfiqar
Not Currently
Ucensed
811712010
911/2010
Reg 2970, B&P 10085
H10986SF
Sacramento
D&R ServiceUnabl e to Effect
Chui, Ed
Not Currently
Ucensed
811712010
911/2010
Reg 2970, B&P 10085
H36761LA
Los Angele s
D&R Service
Effected - Acknowl
Larrea, David
Not Currently 53 WESTBROOK l N
POMONA, CA 91766
Ucen sed
811212010
91112010
H36153LA
Los Angeles
D&R ServiceUnable to Effect
Gonzalez, Jodi
Not Currently
Licensed
81312009
9f112010
B&P 10130
H10991SF
Sacramento
D&R Service
Effected · Per Ser
Segovia, Anthony David
Not Currently
Licensed
811 912010
9f2l2010
B&P 10130
H05348SAC
Sacramento
D&R ServiceUnable to Effect
Summ it Lending Corporation , Not Currently
Licensed
212212010
9f8/20 10
Reg 2970, B&P 10131{d), Reg
2972, B&P 10146
H3671 1LA
los Ange les
D&R Service Unable to Effect
Rivas, Norma
Not Currently
Ucensed
71212010
9f9f2010
H36784LA
Los Angeles
D&R Service
Effected · Per Ser
Camas , Ariel
Not Currently
Licensed
813112010
9/10f2010
B&P 10130
H36784LA
Los Angeles
D&R Service
Effected - Per Ser
C3pitalwid e Financial Inc,
Corporatio n
813112010
911012010
Reg 2970, B&P 10137, B&P
10085
H04138SD
Sacramento
D&R Service
Effected >Per Ser
Miller, Dawn M
Salesperson 5014 LOTUS ST
SAN DIEGO, CA 92107
8/2612010
9f11/2010
B&P 10085.6, Reg 2970, B&P
10131(d), B&P 10085.5, Reg
2972, B&P 10131.2
H10984SF
Sacramento
D&R Service
Effected - Per Ser
10 Smarter Investments Inc. Corporation
100 PAR K PL #200
SAN RAMON , CA 94583
8/1312010
9f1 1/2010
Reg 2970, B&P 10085
H36797LA
los Angeles
D&R Service
Effected - Per Ser
Converse, Jeffery Allen
Salesperson
11631 ALLWOOD DRIVE
RIVERSIDE , CA 92503
9f8l2010
9f1412010
S&P 10235, S&P 10130
H05445SAC
Sacramen to
D&R ServiceUnable to Effect
Ortiz, Am1ando
Not Currently
Licensed
811612010
9f1512Q10
Reg 2970, Reg 2972, B&P
10146
Page 18 0f21
State of California - Department of Real Estate
Enforcement Report
Run Date: October 07,2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
I
omments
ress
arne
Desist & Refrain
H05445SAC
Sacramento
D&R Service Unable to Effect
Wholesale Lending Division, Not Currently
Licensed
8/16 /20 10
9/15/2 010
Reg 2970, B&P 10146, Reg
2972
H05445SAC
Sacramento
D&R Service Unable to Effect
National Foreclosure Altemat Not Currently
Licensed
8116/2010
9/15/2 010
Reg 2970, B&P 10146, Reg
2972
H04103SD
Sacramento
D&R Service
Effected - Per Ser
Lendsure Financial Services I Corporation
4/28 /2010
9/16/20 10
Reg 2970, B&P 10146, Reg
2972
H36804LA
Los Angeles
D&R Service
Effected - Per Ser
Romero, Alberto A
Salespers on 7913 MADISON STREET
PARAMOUNT, CA 90723
9/14 /20 10
9/1712010
B&P 10130
H36804LA
Los Ange les
D&R Service
Effected - Per Ser
America Investors LLC,
Not Currently
Licensed
9/14/20 10
9/1712010
H36745LA
Los Ange les
D&R Service Unable to Effect
Guardian Credit Services Inc. Not Currently
Licensed
8/4/2010
9120/2010
B&P 10130
H10984SF
Sacramento
D&R Service
Effected - Per Ser
Hendryx, Antoinette Marie
Broker
8/13/20 10
9/2212010
Reg 2970, B&P 10085
H04136SD
Sacramento
D&R Service Unable to Effect
Brodsky, Isabell Roberta
Salesperson 4944 CASS STREET #1006
SAN DIEGO, CA 92109
8/24/201 0
9/2712010
B&P 10130, B&P 10139, B&P
10085.5
H04136SD
Sacrame nto
D&R Service Unable to Effect
National Home Savers Pro,
Not Currently
Licensed
8/24 /2010
9/27/2 010
B&P 10130, B&P 10139, B&P
10085.5
H05447SAC
Sacramento
D&R Service
Effected - Per Ser
Vanasse, Thomas
Not Currently
Licensed
8/23 /20 10
9/27 /20 10
Reg 2970, B&P 10086, B&P
10085, Reg 2972, B&P 10146
H05447SAC
Sacramento
D&R Service
Effected - Per Ser
Startovertoda y.com,
Not Currently
Licensed
8/2312010
9/27 /20 10
Reg 2970, B&P 10086, B&P
10085, B&P 10146, Reg 2972
H05447SAC
Sacramento
D&R Service
Effected - Per Ser
TeamDreamStreet, LLC,
Not Currently
Licensed
8123/20 10
9/27 /2010
Reg 2970, B&P 10086, B&P
10085, B&P 10146, Reg 2972
H05446SAC
Sacramento
D&R Service
Effected - Per Ser
Investors Finance, Inc.,
Not Currently
Licensed
8/19/2010
9/27/ 2010
Reg 2970, B&P 10131(b), B&P
10131(d), B&P 10085, B&P
10130
H36743LA
Los Angeles
D&R Service Unable to Effect
Fasela, Sharon
Not Currently
Licensed
81212010
9127/20 10
B&P 10130
Page 19 of 21
434 CINDY DR
RIPON, CA 95366
State of cauromia • Department of Real Estate
Run Date: October 07, 2010
Enforcement Report
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
Heanng
'#
eglon
Action
Name
Address
Comments
Desist & Refrain
H04135SD
Sacramento
D&R Service
Effected · Per Ser
Tepper, Michael Alan
Not Currently
H05445SAC
Sacramento
D&R ServiceUnable to Effect
Debarros , Anthony
H05445SAC
Sacramento
H05445SAC
8/2412010
9f2812010
B&P 10131(d), B&P 10085,
B&P 10131.2
Not Currently
Licensed
811612010
912812010
Reg 2970, Reg 2972, B&P
10146
D&R ServiceUnable to Effect
Adb Realty And Investments Not Currently
Ucensed
811612010
9128/2010
Reg 2970, Reg 2972, B&P
10146
Sacramento
D&R servtce .
Unable to Effect
Adb Inc,
Not Currently
Ucensed
811612010
912812010
Reg 2970, Reg 2972, B&P
10146
H05451SAC
Sacramen to
D&R ServiceUnable to Effect
Diamond. Michae l
Not Currently
Licensed
8/2612010
9f2912010
Reg 2970, B&P 10131(d ), B&P
10085, B&P 10130, B&P
10131.2, Reg 2972
H0545 1SAC
Sacramento
D&R ServiceUnable to Effect
Diamond Diversified lnvesfme Not Currently
Ucensed
812612010
9129f2010
Reg 2970, B&P 10131(d ), B&P
10085, B&P 10130, Reg 2972,
B&P 10131.2
H10984SF
Sacram ento
D&R Service
Effected - Per Ser
Mirzaei, Ali
811312010
9/29/2010
Reg 2970, B&P 10085
H36511LA
Los Angeles
O&R service Unable to Effect
Aispuro , Felix 0
Not Currently
Licensed
3f1512010
9/29/2010
B&P 10085.6, B&P 10131(d),
B&P 10086, B&P 10130
H36511LA
Los Angele s
D&R service Unable to Effect
Meritage Enterprises, lnc.,
Not Currently
Licensed
3f1512010
9/29/2010
B&P 10085.6, B&P 10131{d),
B&P 10086, B&P 10130
H36804LA
Los Angeles
D&R service Unable to Effect
Romero Ascencio. Juan Robt Salesperson
9/1412010
9/30/2010
B&P 10130
H36804LA
Los Angeles
D&R servtce Unable to Effect
Santillan, Ruben Flores
Broker
Officer
911412010
9f30/2010
B&P 10130
H10992SF
Sacramento
D&R ServiceUnable to Effect
McGivern, Sean
Not Currently
Licensed
8124/2010
9f3012010
B&P 10131(d), B&P 10130,
B&P 10085.5
H36745LA
Los Angeles
D&R servrce .
Unable to Effect
Doorbetakis, Christy
Not Currently
Licensed
81412010
913012010
B&P 10130
H36745LA
Los Angeles
D&R service Unable to Effect
Get My Credit Grade LLC,
Not Currently
Licensed
81412010
9/3012010
B&P 10130
Pag e 20 of 21
ucensec
Broker
Offi~
12737 HARVEST AVE
NORWALK, CA 90£50
State of California - Department of Real Estate
Enforcement Report
Run Date: October 07,2010
DISCIPLINARY ACTIONS FOR THE MONTH OF September, 2010
l ame
ACldress
Comments
Desist & Refrain
H36745LA
Los Angeles
D&R Service Unable to Effect
Colorado, Dennis
Not Currently
Licensed
8/4/2010
9/30 /2010
B&P 10130
H36745LA
Los Angeles
D&R Service Unable to Effec t
Schaeffer, Anita
Not Currently
Licensed
8/412010
9/30 /2010
B&P 10130
H36745LA
Los Ange les
D&R Service Unable to Effect
Juarez, Sarah
Not Currently
Licensed
8/4/2010
9/30 /20 10
B&P 10130
H36745LA
Los Ange les
D&R Service Unable to Effect
Johnson , Nicole
Not Currently
Licensed
8/4/20 10
9/30 /2010
B&P 10130
H36583LA
Los Angeles
D&R Service Unable to Effect
Pimentel, Ada
Not Currently
Licensed
4/19/2010
9/30/ 2010
B&P 10130
Page 21 of 21
Consumer and Industry Warning: False and Misleading Designations
and Claims of Special Expertise, Certifications and/or Credentials
By Wayne S. Bell
Chief Counsel -California Department of Real Estate
I. Introduction
In the Fall 2010 edition of the Real Estate Bulletin, Real Estate Commissioner Jeff Davi,
in his message to readers (see "What's on your Card?"), raised important legal and
ethical issues and provided some guidance regarding the use of specialty designations
by licensees of the California Department of Real Estate (DRE).
The DRE has issued prior warnings and alerts to consumers and licensees alike about
the flood of fraud in connection with pre-foreclosure and foreclosure-related rescue,
forbearance and forgiveness services on behalf of financially distressed homeowners,
including loan modifications, forensic loan audits, and short sales.
The DRE has noticed an increase in the use of questionable and possibly misleading
terms such as "expert", "certified", and "specialist" in the marketing and advertising of
assistance to anxious homeowners in connection with their home loans and foreclosure
rescue services and short sales A growing number of individuals and companies,
many of whom are unlicensed, purport to be "experts" in the area of short sales,
"certified" forensic loan auditors, short sale "specialists", loan modification "specialists",
loss mitigation “experts”, “fraud investigators”, and the like, and many of these
designations and claims seem to be nothing more than marketing ploys by
unscrupulous fraudsters to capitalize on the desperation and vulnerability of
unsophisticated and/or financially strapped homeowners.
Moreover, there are an increasing number of companies offering expensive courses,
materials and “leads” that have no meaningful or substantive content and which are
designed to allow those who pay for the same to claim they have “certifications’ – which
are, in effect, worthless. Licensees should be cautious and only choose reputable
courses, with quality content, for certification.
The purpose of this warning is (i) to alert consumers about the rise of the use of
fictitious and misleading information in advertising and solicitation materials (including
Internet ads and sites), which is evidently done to persuade homeowners to use those
advertisers'/solicitors' services, (ii) to give some advice on how to check out such
information and claims, and (iii) to remind California real estate licensees of the laws
that apply in this area and other relevant considerations.
II. Background Discussion
In the Commissioner's message referred to above, it was noted that the DRE does not
issue any special designations. However, there are well-respected and nationally known
1
organizations, councils, and institutes that provide designations and certifications which
acknowledge experience, specialization or expertise in a multitude of real estate
sectors.
Claims of special expertise, specialization and certification are lawful and permitted if
they are accurate and can be substantiated. This warning is not concerned with those
licensees who have completed sufficiently rigorous specialized programs and hold
legitimate designations from well-known and respected entities.
Rather, this warning is concerned with those individuals and companies who make
untrue, fictitious, overstated, and misleading claims about their expertise, level of
training and experience, and skills in an effort to persuade unsuspecting homeowners to
retain and pay for real estate and home loan services for which the bad actors are or
may not be qualified.
III. What Consumers Can Do
The best advice to consumers is that you need to be wary and cautious when thinking
about retaining the services of people or companies calling themselves "specialists",
"experts", or "certified" in the areas of mortgages, lending, foreclosure rescue, and real
estate.
Check out prior alerts and warnings of the DRE, and note that you are wise to never pay
for such services in advance. In addition, you can do some of the advertised services
yourself. In other cases, such as with forensic loan audits, there is a serious question
about the value of such services. In still other cases, there are free services that might
be available to you through HUD-certified housing counselors.
If you still choose to use the services of third parties for a fee(s), ask them questions,
lots of questions, and then verify, verify, and verify some more. Check them out on the
DRE website, at www.dre.ca.gov. If they are lawyers, check them out on the State Bar's
website, at www.calbar.ca.gov. Check them out through the Better Business Bureau.
Check them out through a Google search on the Internet.
The point here is that you need to view the claims of expertise, certification, and
specialization with a critical eye, verify the claims, and ask specific, detailed questions.
A. Suggested Questions to Ask (This List is Not Exhaustive, But It Will Give You
Good Information on Which You Can Make a Reasoned Decision)
1. How many transactions or services of the type you are advertising have you
successfully performed? Ask them to give specifics and contacts.
2. Do you have a list of your last ten customers? If so, get it and call them. Do your
own background check. And note that even if the person or company is "highly
2
recommended" by so-called satisfied customers, the risk of a scam is not
eliminated entirely.
3. Are you licensed by the California Department of Real Estate? If not, why not?
What exemption from the licensing laws do you claim? If they are licensed,
check to see if they have been disciplined by the Department (go to
www.dre.ca.gov).
4. What qualifies you as an expert? How did you get that expertise?
5. You state that you are a specialist. What specialist qualifications do you have
and what does that mean?
6. You say that you are certified. Who issued the certification? Do any government
entities or recognized industry trade groups (such as the California Association of
Realtors and the National Association of Realtors) recognize the certification? If
so, which ones? Then you can and should verify that information.
7. What course of study did you undertake to become certified or specialized?
8. What are the requirements for certification or specialization?
9. How many hours of coursework were involved?
10. What professional organization gave you the designation or certification? And
when were they formed? If they give you a name, check out that entity with the
California Secretary of State, Better Business Bureaus, with the California
Association of Realtors, and see if any complaints are noted through a Google
search.
11. When did you get the designation?
12. Did you take an examination? If so, who conducted the test, how long was the
examination, and when did you take the examination?
IV. Information for Real Estate Licensees
As noted in the Real Estate Commissioner's message, there are two California code
sections that provide some direct guidance with respect to the issue of designations and
certifications.
The first is section 10177 (c) of the California Business and Professions Code. It
provides in relevant part that disciplinary action may be taken against a real estate
licensee where the licensee "[k]nowingly authorized, directed, connived at, or aided in
the publication, advertisement, distribution, or circulation of a material false statement or
representation concerning his or her designation or certification of special education,
credential, trade organization membership, or business…"
3
The second is section 10177 (e) of that same code. It provides that discipline against a
licensee is appropriate where the licensed person "[w]illfully used the term 'realtor' or a
trade name or insignia of membership in a real estate organization of which the licensee
is not a member".
If you are aware of violations of the above provisions of the Real Estate Law by
licensees, please report the same to the Enforcement section of the DRE for
investigation and appropriate action. If you are aware of outright false or misleading
claims of expertise, specialty or credentials by unlicensed people or companies, or real
estate licensed activity by unlicensed persons, please report those to DRE as well, and
we will issue Desist and Refrain Orders where appropriate, and/or make referrals to
other government administrative or criminal prosecutorial agencies.
Depending on the nature of the fictitious and misleading information, there might be
grounds for disciplinary action, civil liability for unfair business practices, intentional
misrepresentation, negligent misrepresentation, false advertising, or other causes of
action, and/or criminal prosecution for a number of counts, including, without any
limitation, mail fraud, wire fraud, grand theft by false pretenses, and conspiracy.
V. Conclusion
Fraud by predators in the use of false and misleading designations, certifications, claims
of expertise and specialization can certainly compromise and erode the credibility and
integrity of those with legitimate credentials.
Oftentimes, the use of lofty-sounding but fictitious and/or misleading designations is just
part of a marketing scheme targeting homeowners who are in desperate need of help.
The real estate and mortgage marketplace needs to be free from material
representations and misleading statements by individuals and companies with regard to
their backgrounds, skill levels, experience and expertise.
Consumers must be wary and do their homework. And real estate licensees must make
certain that they comply with the California Real Estate Law and that all advertisements
and offers of services contain only truthful and accurate information.
###################
4
“CASH FOR KEYS” – INFORMATION FOR CONSUMERS AND DRE LICENSEES
The challenge to successfully market REO properties has given rise to a growing
practice known as “cash for keys”. The Department of Real Estate (“DRE”) has been
receiving questions and complaints from consumers about “cash for keys”
solicitations. This article is intended to provide some guidance for consumers and
licensees when involved in a “Cash for Keys” program to minimize any
misunderstandings or violations of the law.
“Cash for Keys” Programs
When a lender takes a home back as a result of a foreclosure action, it becomes
responsible for that property. The longer the lender has to wait to sell the property,
and the more money it has to spend to repair damage to and/or to maintain the
property, the greater will be its ultimate loss. The consequences of foreclosure and
the looming legal eviction action affects the prior resident owner of the foreclosed
property and/or the tenant(s) living in the property the same way – they must, unless
there is an existing landlord-tenant rental or lease agreement which survives the
foreclosure by law, or a written agreement with the new owner/lender to maintain
or modify the tenancy, vacate the property in a relatively short period of time.
If the lender can make a deal with a tenant to pay for the tenant’s security and
utility deposits, moving expenses, and maybe even temporary living expenses, and
perhaps a bonus for a quick moving date, it would be in the lender’s interest to do so
to avoid the inevitable minimum 3 to 6 month delay associated with formal legal
eviction proceedings. In the many circumstances, the lender would most certainly
prefer that the tenant agree to vacate the property within a certain number of days,
leave the property in “broom-swept condition”, remove all debris from the interior
and the yard, leave all fixtures and landscaping intact, and turn over the keys and
garage door openers.
Practical Application of “Cash for Keys”
Generally, the amount offered to tenants vary and is usually negotiable. Anecdotal
reports from those who have had experience with “cash for keys” programs report
that $500 is generally the minimum and $5,000 the maximum amount offered to
tenants for their keys.
The amount an owner is willing to pay for a tenant’s keys depends on several factors,
including the value and physical condition of the property, and the plan(s) the
lender has for the property. Other factors include the amount of time the tenant
needs to move out.
1
Laws Protecting Tenants’ Rights With Respect to Foreclosed Properties
As recently as early 2008, in the absence of a written lease agreement requiring
greater notice, California law required that an owner provide only a 30-day notice to
a tenant to vacate the property for any reason (other than the failure to pay rent,
which required a 3-day notice). However, recent legislation has changed the rules.
Signed as an urgency measure in 2008, Senate Bill 1137 gives tenants at least 60 days
after a foreclosure before they can be asked to vacate the property. The provisions
of SB 1137 are due to sunset (be repealed) on January 1, 2013. To review a copy of
the bill and get more details, please visit www.leginfo.ca.gov.
Federal legislation was enacted effective May 20, 2009, requiring property owners
who have taken a residential property by foreclosure, to give their tenants at least a
90 day notice to vacate the property before beginning the eviction process. That
federal law is applicable nationwide, and it is known as “Protecting Tenants At
Foreclosure Act”. The law is found at Title 7 US Code section 701 (“the Act”). See
http://thomas.loc.gov.
The Act provides that if a tenant is renting under a lease entered into before the
notice of foreclosure was communicated to the tenant, the tenant may remain in
the property until the lease ends, unless the owner sells the property to a purchaser
who will occupy the property as his primary residence. In that case, the owner may
properly give the tenant a 90day notice to vacate.
While the Act provides greater protection to tenants than State law, local law may
provide even more protection. If a particular property is subject to local “rent
control” or “housing assistance” laws, or so-called “just cause for eviction”
ordinances, those laws may provide even greater protection than the Act itself. As
an example, even the Act itself provides that the owner of a residential property
which is subject to a “housing assistance contract”, and who has a lease with a
tenant in that property, is subject to any additional protections in the housing
assistance contract (this typically applies to “Section 8” properties).
Finally, there is a bill pending in the California legislature that would require tenants
be told of their rights when the property they occupy is foreclosed. Senate Bill 1149
requires that tenants who are living in foreclosed homes be given notice of their
rights and responsibilities under these state and federal laws by requiring a cover
sheet be attached to any eviction notice that is served within one year of a
foreclosure sale. The cover sheet would delineate the laws and rights a tenant may
have in cases where the property he or she occupies is foreclosed upon. The bill also
2
seeks to help protect tenants who would otherwise have a negative mark on their
rental history by prohibiting the release of court records in a foreclosure-related
eviction unless the plaintiff landlord prevails. Whether the bill is signed into law will not
be known until October 2010.
What Renters and Resident Owners Can Do to Protect Themselves
Tenants and resident owners of foreclosed properties must take a significant amount
of personal responsibility in this matter. They should become acquainted with federal
and State law concerning foreclosures and tenant evictions, and also with local laws
which apply to their particular situation. For example, in the City of Los Angeles,
beginning December 17, 2008, tenants who are current in their rent payments can
not be evicted because of a foreclosure. Many cities in California, including Santa
Monica, West Hollywood, Beverly Hills, Oakland, and Berkeley, are subject to local
“rent control” and/or “just cause for eviction” ordinances, which may provide even
greater protections. Without a working knowledge of applicable local law, a tenant
is at a distinct disadvantage.
Tenants and resident owners should make sure that any “cash for keys” offer is
coming from the new owner of the property, which is often a lender or a
government sponsored mortgage investor, such as Fannie Mae or Freddie Mac.
Tenants and resident owners should insist on verifying the identification and authority
of the person making the “cash for keys” offer. They must insist on receiving a written
“cash for keys” agreement, and carefully read and understand that agreement.
They should have a trusted and competent attorney, real estate licensee, family
member or friend review the agreement and provide counsel concerning its duties
and obligations.
Before signing the agreement, a resident owner should call his or her lender directly
to confirm the authority of the person making the “cash for keys” offer. A tenant
must be especially careful. The tenant should call his or her landlord and ask about
the foreclosure and the identity and contact information for the new owner. It would
not be unusual for the landlord to tell the tenant to continue to make rent payments
directly to the landlord. That should not be done if the landlord is no longer the
owner of the property. And finally, a tenant or resident owner should never hand the
keys over unless the money is delivered. Cash is best. If paid by check, the tenant or
resident owner should make certain the check is good and/or clears. If the keys are
handed over, and the owner fails to pay the money, or if the owner’s check
bounces, the written agreement should be sufficient to allow the tenant to prevail in
a small claims action against the owner. But obtaining a judgment is far easier than
collecting it. Without a written agreement, the chances of obtaining a judgment are
substantially reduced.
3
Is A Real Estate License Required to Solicit “Cash For Keys”?
There is no way to generalize and declare that a real estate license is, or is not,
required to solicit “cash for keys”. The particular facts of each transaction will
determine the answer to that question.
Responsibility of Real Estate Licensees Who Engage in “Cash For Keys” Transactions
A licensee who solicits a “cash for keys” deal should identify him or herself to the
resident owner or tenant when requested to, and provide his or her DRE license
number. A consumer may look on the DRE website (www.dre.ca.gov) and, on the
“Home” tab, under the heading “Consumers”, click on “License Status Check” to
verify that person’s license status. Under that same heading, there is also a link to
“How to File a Complaint”. One who has been solicited by a DRE licensee is
encouraged to file a complaint with DRE if the solicitor has not acted fairly and
honestly in the “cash for keys” transaction, or if the solicitor has engaged in any
other unlawful conduct.
It should go without saying that California real estate brokers or salespersons who
engage in “cash for keys” negotiations with tenants must be aware of the federal,
State and local laws relating to foreclosed properties, and the tenants’ rights with
respect to their tenancies or leasehold interests. The old saying “ignorance of the
law is no excuse” really does apply in this context.
It should also go without saying that DRE licensees who solicit a resident owner or
tenant to accept a “cash for keys” proposal must act fairly and honestly with respect
to the transaction. Dishonest behavior, misrepresentations, harassment, failures to
disclose material information to a resident owner or tenant, including failing to advise
the resident owner or tenant of his or her rights with respect to eviction (that the
licensee has knowledge of) as a result of foreclosure, or negligence, could possibly
lead to license disciplinary action. A licensee who hires unlicensed persons to solicit
cash for keys deals can also be liable for the dishonesty, misrepresentations,
harassment and/or negligence of his or her unlicensed agent.
Conclusion
A fair and equitable cash for keys agreement will mutually benefit both the new
owner of the property and the resident former owner or tenant residing in the
property.
For tenants, resident owners, and Department of Real Estate licensees, knowledge of
the law concerning this subject is power – power to avoid problems that are just
looking for place to happen.
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For resident owners and tenants in foreclosed properties, your only real safety lies in
your taking the responsibility to protect yourself. Get the agreement and all other
communications in writing. Have someone you trust look the written documents
over. Make sure the solicitor is authorized to act for the real owner of the property.
And do not give up the keys before you get the cash.
Additional Resources: The office of the California Attorney General issued a News
Release on June 28, 2010, entitled “Brown Investigates Whether Tenants’ Rights Are
Violated in Foreclosures”. You may wish to consult that Release for more information.
If you are a tenant or resident owner and believe your rights have been violated, you
can contact the California Attorney General at www.ag.ca.gov, and/or the
California Department of Real Estate at www.dre.ca.gov.
5
REAL ESTATE LAWS AND REGULATIONS
CALIFORNIA BUSINESS AND PROFESSIONS CODE:
480(a)(3) Performance of act which would have been grounds for disciplinary
action
490
Substantially related criminal conviction
10130 Acting without license
10137 Unlawful employment or payment of compensation
10145 Trust fund handling
10145(a) Trust fund handling
10145(d) Violation of interest bearing trust account requirements
10145(c) Failure by salesperson to deliver trust funds to broker
10148 Failure to retain records and make available for inspection
10159.2 Failure by designated officer to supervise licensed acts of corporation
10159.5 Failure to obtain license with fictitious business name
10160 Failure to maintain salesperson licenses in possession of broker
10161.8 Failure of broker to notify Commissioner of salesperson employment
10162 Failure to maintain a place of business
10165 Failure to comply with specified B&P code sections
10176(a) Making any substantial misrepresentation
10176(b) Making false promise
10176(c) Continued & flagrant course of misrepresentations through salespersons
10176(d) Failure to disclose dual agency
10176(e) Commingling trust funds with brokers funds
10176(f) Exclusive listing agreements without definite termination date
10176(g) Secret profit or undisclosed compensation
10176(h) Secret profit under option agreement
10176(i) Fraud or dishonest dealing in licensed capacity
10177(a) Procuring a real estate license by misrepresentation or material false
statement
10177(b) Conviction of crime
10177(c) False advertisement
10177(d) Violation of real estate law or regulations
10177(e) Willfully using term "Realtor" or any trade name or insignia of membership in any real estate organization of which licensee is not a member
10177(f) Conduct that would have warranted denial of a license
10177(g) Negligence or incompetence in performing licensed acts
10177(h) Failure to supervise salespersons or licensed acts of corporation
10177(i) Improper use of governmental employment giving access to
confidential records
10177(j) Fraud or dishonest dealing as principal
10177(k) Violation of restricted license condition
10177.5 Civil fraud judgment based on licensed acts
10231.2 Failure to give self-dealing notice
10234
Failure by broker negotiating mortgage loan to record or cause trust deed
to be recorded
10235.5 Lender purchaser disclosure violation
10238(1) Failure of RPS dealer to file annual report
10238(a) Failure of broker to notify Commissioner within 30 days of 1st mortgage
transaction or of any material change in required notice
10238(d) Illegal sale of promotional notes
10238(f) Violation of restriction to sell notes in excess of 10 to qualified persons
10238(g) Sale of notes with illegal terms
10240 Failure to provide mortgage loan disclosure statement
10241 Improper mortgage loan disclosure statement
11022 False advertising in subdivision sales
COMMISSIONER’S REGULATIONS:
2715
2725
2726
2731
2740
2753
2831
2831.1
2831.2
2832
2832(a)
2832(d)
2832(e)
2832.1
2834
2835
2840
2950
2950(d)
2950(h)
2951
Licensee's failure to maintain current business or mailing address
with DRE
Failure of broker to exercise reasonable supervision over the activities
of his or her salespersons
Failure to have broker-salesperson agreements
Unauthorized use of fictitious business name
Performing licensed acts by corporation without a designated officer
Broker's failure to retain salesperson's license at main office or return
license at termination of employment
Failure to keep proper trust fund records
Inadequate separate trust fund beneficiary records
Failure to reconcile trust account
Failure to comply with trust fund handling provisions
Failure of broker to place trust funds into hands of owner, into neutral
escrow depository or trust fund account within three business days
of receipt
Failure of broker holding trust funds contingent on offer of acceptance
to properly place funds within three days of acceptance.
Failure of broker acting as escrow holder to deposit trust funds in trust
account by next business day following receipt
Failure to obtain permission to reduce trust fund balance in a multiple
beneficiary account
Trust account withdrawals by unauthorized or unbonded person
Retention of broker funds in trust accounts
Failure to give approved borrower disclosure
Violation of broker-controlled escrow requirements
Failure of broker handling escrows to maintain records and accounts
Failure to disclose interest in the agency holding the escrow
Improper record keeping for broker handled escrows