The Bureau of Real Estate can dispatch an auditor to conduct an on-site audit of a broker’s operations. These audits typically focus on proper use of the broker’s trust account, but usually also include a full compliance check of the real estate broker’s operations. BRE audits are usually triggered by a complaint. A typical audit
broker
Department of Insurance Orders of Summary Denial or Summary Revocation
By Fredrick Ray on
Posted in Professional License Law
The California Department of Insurance wields arguably the most powerful licensing law in California, California Insurance Code section 1669. Section 1669, which applies to applicants but also to existing insurance broker licenses through a related statute, empowers the Commissioner to summarily deny or summarily revoke (without a hearing) an insurance broker license for a felony…
Preventing Department of Insurance License Revocations
By Fredrick Ray on
Posted in Professional License Law
California’s insurance brokers are licensed and disciplined by the Insurance Commissioner through the Department of Insurance (DOI). It has been my experience that the Department of Insurance takes a firm stance in disciplining its licensees. In my view there are three reasons that account for this: 1) the Insurance Commissioner is an elected public official…