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Several agents are transfering to my office in the next few days.

If you are like me, you use the California Department of Real Estate eLicensing system so infrequently that you forget how to navigate the system from one time to the next.

Here’s how to transfer a salesperson license to a new employing broker in California DRE’s eLicsensing system:

Go to http://www.dre.ca.gov/

Under eLicensing online system, click License Services

Click Salesperson requests to change employing broker

Read through the Tutorial if you want, then click use eLicensing now

Sign in (I am presuming  you have already registered at some point in the past, if not, you will need to register)

Under license options, click Change Employer

At the next screen, by Would you like to change your employing broker or corporation? Click YES.

Enter the new employing broker license number.  The license number for Bob Taylor Properties, Inc. is 01304057. 

Click Save Employer Information.

After the salesperson completes this process, the new employing broker needs to log into the system and certify the change.

Any open package, can, or bottle containing partially consumed food or beverage items remaining in the refrigerator for more than 48 hours will be removed and discarded.

E&O policies are in the “Claims Made” form  meaning that if my policy is in effect in 2008, and a claim is made against the policy in 2008, the claim is covered  within the policy period, even if the loss being claimed actually happened several years earlier.

That is why E&O insurers question you about possible pending claims before issuing a new policy.

(The other form of insurance is called “Occurrence” and means a loss is covered by the policy in effect on the date of the loss.)

A local independent broker closes his office and joins mine.   The possibilities:

1. If he  cancels his E&O policy, he is losing coverage on all his prior transactions.  Experienced agents know this is not a good idea.  Problems can rear their ugly heads years after a transaction is closed.
2. I could assume liability for his previous transactions.  Even if all his agents have been meticulous in all their transactions, do I want to have to review years of old files? No, thank you.
3. He purchases “tail coverage”, this is a policy issued to a closed company to continue E&O coverage on prior acts. 
4. Or he continues to maintain his existing E&O policy, even though his company is no longer actively selling; a current policy covers sales made in the past.

http://www.zillow.com/

http://www.cyberhomes.com/

http://www.eppraisal.com/

http://www1.realestateabc.com/home-values/ 

http://houseamerica.com/

http://realestate.yahoo.com/Homevalues

http://www.connectwithlife.com/

http://www.homegain.com/home-values

http://www.realtor.com/home-values/default.asp

http://www.realtytrac.com/pub/landing_houseworth.asp