You've gotta wonder about how some real estate brokers in Placer County manage to get away without supervising as required by our licensing entity in California. My team just emerged from a nightmare of an escrow, the details of which I did not hear about until after it closed, involving one of my dear clients. My transaction coordinator, alongside my buyer's agent managed to step-over the drama and get it closed. They also kept the drama away from my client, which is why I didn't hear about it.
By the time I heard about the scuffles, it was to request to fix the way the brokerage incorrectly closed out the file. The listing agent said it was out of his control because his broker hired an unlicensed person, a TC, to manage the office. If so, it's in violation of California real estate law. You can be a TC without holding a real estate license, although most of the TCs I know are licensed. But a TC cannot manage a real estate office and make decisions that require a license without passing an exam and qualifying at the California Bureau of Real Estate, which is governed by the Department of Consumer Affairs.
Be careful, as an agent, if you run across situations like this in Sacramento or Placer Counties. Red flags should go up. You might even consider reporting violations of unlicensed activity to the CalBRE. Here is a link to file a complaint at the California Bureau of Real Estate.
Fortunately, the good transactions tend to make up for the bad. You can read more about this in my personal blog today at this link: I Wish All of My Sacramento Escrows Were Like This One.
Certified HAFA Specialist
Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.
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Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.