Form Re 207 – Fill Out and Use This PDF

State of California

Department of Real Estate

Officer RenewalApplication

RE 207 (Rev. 11/21)

DRE USE ONLY

DRE RECEIVED DATE

USE ONLY

Note — Read pages 5-6 (general instructions,		1. DRE CORPORATION LICENSE NUMBER
renewal info., mailing address, etc.) before
completing this application.
To Avoid Penalty — Renew on or before current		2. RENEWAL STATUS (check appropriate box)
license expiration date.		ON TIME	LATE

DRE

		RENEWAL FEE
		ON TIME FEE	LATE FEE
	ONLYUSE
		CURRENT EXP. DATE	2-YR LATE RENEWAL ENDS
	DRE
		COMMENT

4. CORPORATION NAME (REQUIRED)

5.FEDERAL TAXPAYER ID # (REQUIRED - SEE PRIVACY NOTICE)

6B. CITY

6C. STATE

6D. ZIP CODE

7B. CITY

7C. STATE

CA

7D. ZIP CODE

			OFFICER INFORMATION
9. NAME – LAST (REQUIRED)		FIRST		MIDDLE
10.NEW PERSONAL NAME – LAST		FIRST		MIDDLE

SUFFIX

SUFFIX

11.CURRENT PHONE NUMBER (REQUIRED)

()

12.CURRENT EMAIL ADDRESS (REQUIRED - PRINT CLEARLY)

13.BUSINESS CELL PHONE NUMBER

()

14. BUSINESS TELEPHONE NUMBER

()

PROCESSOR NUMBER AND DATE PROCESSED

LICENSE EFFECTIVE DATE	LICENSE EXPIRATION DATE	OFFICER

VIOLATIONS

COMMENTS/FORM LETTERS

16.WITHIN THE SIX-YEAR PERIOD PRIOR TO FILING THIS APPLICATION, HAVE YOU EVER BEEN CONVICTED (SEE PARAGRAPH ABOVE) OF ANY VIOLATION OF THE LAW AT THE MISDEMEANOR OR FELONY LEVEL? IF YES, COMPLETE ITEM 22 WITH INFORMATION ON EACH CONVICTION......................................................................................

17.ARE THERE CRIMINAL CHARGES PENDING AGAINST YOU AT THIS TIME, OR ARE YOU CURRENTLY AWAITING JUDGMENT AND SENTENCING FOLLOWING ENTRY OF A PLEA OR JURY VERDICT? IF YES, COMPLETE ITEM 22..

18.WITHIN THE SIX-YEAR PERIOD PRIOR TO FILING THIS APPLICATION, HAVE YOU EVER HAD A DENIED, SUSPENDED, RESTRICTED OR REVOKED BUSINESS OR PROFESSIONAL LICENSE (INCLUDING REAL ESTATE), IN CALIFORNIA OR ANY OTHER STATE? IF YES, COMPLETE ITEM 23................................................................................

19.ARE THERE ANY LICENSE DISCIPLINARY ACTIONS PENDING AGAINST A BUSINESS OR PROFESSIONAL LICENSE YOU HOLD AT THIS TIME? IF YES, COMPLETE ITEM 23........................................................................................

20.WITHIN THE SIX-YEAR PERIOD PRIOR TO FILING THIS APPLICATION, HAVE YOU EVER BEEN REQUIRED TO REGISTER AS A SEX OFFENDER PURSUANT TO THE PROVISIONS OF SECTION 290 OF THE CALIFORNIA PENAL CODE OR ANY COMPARABLE LAW OF ANY STATE OR GOVERNMENTAL UNIT? IF YES, COMPLETE ITEM 24...........

21.WITHIN THE SIX-YEAR PERIOD PRIOR TO FILING THIS APPLICATION, HAVE YOU EVER BEEN ORDERED TO CEASE, DESIST AND/OR REFRAIN FROM DOING AN ACT(S), OR FROM VIOLATING A LAW, RULE OR REGULATION BY, OR CITED FOR A BREACH OF ETHICS OR UNPROFESSIONAL CONDUCT, BY AN ADMINISTRATIVE AGENCY OR PROFESSIONAL ASSOCIATION IN CALIFORNIA OR ANY OTHER STATE? IF YES, COMPLETE ITEMS 23-24.........

 YES	 NO
 YES	 NO
 YES	 NO
 YES	 NO
 YES	 NO
 YES	 NO

23A. TYPE OF LICENSE

23B. LICENSE ID NO.

23C. LICENSE EXPIRATION DATE

23D. STATE

23.E. ACTION (REVOKED, ETC.)

23F. DATE OF ACTION

23G. DATE ACTION TERMINATED

23H. CODE SECTION VIOLATED

25. BROKER/CORPORATION NAME

26. EMAIL ADDRESS

27. CORPORATION LICENSE NUMBER

A. — BUSINESS ACTIVITY AND VOLUME

1.In the past 12 months, have you or your corporation engaged in the real estate business for compensation as an agent/broker?............................................

If NO, proceed to Part B below. If YES:

a)Do you, as broker or designated broker officer, maintain copies of all documents executed or obtained, including those prepared and received by salespersons and other employees? ..................................................

b)As a broker or designated broker officer, I/we maintain copies of documents at (check all that apply):

Sales Activity

2.During the past 12 months, were you or your corporation a listing agent or selling agent in the sale of real property? ......................................................

If NO, proceed to #3.

a)If YES, as a listing agent, did you/your corporation sell or offer to sell real property for others? ........................................................................

b)If YES, how many transactions closed (past 12 months)? ....................

3.As a selling agent, did you/your corporation buy or offer to buy, or negotiate the purchase, sale or exchange of real property for others? ........................

If YES, how many transactions closed (past 12 months)?............................

4.How many of the above transactions did you/your corporation represent both buyer and seller (dual agency)? ....................................................................

Broker Escrow Activity

5.Did you/your corporation perform broker escrows for sales or mortgage loan transactions pursuant to the broker exemption in FC 17006(a)(4)? .............

If NO, proceed to #6. If YES:

a)How many escrows closed (last calendar year)?...................................

b)What is dollar amount of escrow funds collected (last calendar year)?

Mortgage Loan Brokering

6.Did you/your corporation, for compensation in the past 12 months, make or arrange (broker) loans secured by real property or sell existing notes secured by deeds of trust? .........................................................................................

If NO, proceed to #7.

If YES, in the past 12 months:

a)How many loans were made with funds of private lenders and secured by commercial property?.......................................................................

b)In how many of the loan transactions did you/your corporation also represent for compensation the buyer or seller in the purchase transaction?

c)When required, were disclosures to borrowers provided in accordance with B&P §10240? ................................................................................

d)When required, were disclosure statements provided to lenders/note purchasers in accordance with B&P §10232.4? ....................................

e)When required, were trust deeds and assignments recorded in accordance with B&P §10234? ................................................................................

Check Appropriate Box(es)

(NA = Not Applicable)

 Yes	 No
 Yes	 No
 The main office		 A home office
 A branch office		 Another location

A storage facility

Yes  No

Yes  No

1-10  11-50  Over 50

Yes  No

1-10  11-50  Over 50

None  1-10  Over 10

Yes  No

1-4  5-50  Over 50

 Less than $1M  $1-5M  Over $5M

Yes  No

None  1-5  6-10  Over 10

None  1-10  Over 10

 Yes	 No	 NA
 Yes	 No	 NA
 Yes	 No	 NA

8.Did you/your corporation, for compensation in the past 12 months, engage in property management as a real estate licensee for another or others?......

If NO, proceed to Part B below. If YES:

a)How many units were managed?...........................................................

b)What was the dollar amount in rent or lease payments collected (past 12 months)? ................................................................................................

B.— BANK ACCOUNTS/ TRUST FUND HANDLING

1.In the past 12 months, in connection with activities for which a real estate license is required, did you/your corporation collect trust funds? ...............

If NO, go to Part C below.

2.In the past 12 months, in connection with activities for which a real estate license is required, did you/your corporation deposit trust funds into a bank account maintained by you/your corporation? .............................................

If NO, proceed to #7 below. If YES:

a)Number of accounts maintained for trust fund handling.......................

b)Is each of these accounts designated as a trust account?.......................

c)Is each of these accounts in the name of the licensed broker/corporation, or in a fictitious name if the broker/corporation is the holder of a license bearing such fictitious name, as trustee? ...............................................

d)Is the broker/designated licensed officer a signer on each account used for trust fund handling? .........................................................................

e)If there are unlicensed signers on accounts used for trust fund handling, is each signer covered by sufficient fidelity bond coverage? ................

3.For each bank account used for trust funds, did you/your corporation maintain a complete and accurate record of all trust funds received and disbursed (control record)? ...........................................................................................

4.For each bank account used for trust funds, did you/your corporation maintain a complete and accurate set of separate records for each beneficiary or transaction? ...................................................................................................

5.Are the balances of these trust account records reconciled to each other monthly? .......................................................................................................

6.Do you/your corporation reconcile these trust account records to the bank statement on a monthly basis? ......................................................................

7.In the past 12 months, in connection with activities for which a real estate license is required, did you/your corporation collect advance fees (as defined in B&P §10026)? ..........................................................................................

If NO, go to Part C below. If YES:

a)Were these advance fees deposited into a trust account? ......................

b)Were verified accountings furnished to the principal(s) as required?....

c)Did you/your corporation have an advance fee agreement with the person from whom these fees were collected?..................................................

C.— SUPERVISION/ AFFILIATION

1.Have you notified the Department of all places of business where acts for which a license is required are performed? ..................................................

Yes  No

1-10  11-50  Over 50

 Less than $500K  $500K-2M  Over $2M

Yes  No

Yes  No

 1  2-5  Over 5

Yes  No

Yes  No

Yes  No

 Yes  No  NA

Yes  No

Yes  No

Yes  No

Yes  No

Yes  No

Yes  No

Yes  No

Yes  No

Yes  No

General Information

Type or print clearly in black or blue ink (do not use red).

Complete items 1 through 28.

Acronyms or form numbers used in the following instructions:

B&P	Business & Professions Code
RE 203	Branch Office Application
RE 204A Corporation Change Application
RE 206	Exam & Licensing Fees
RE 207	Officer Renewal Application
RE 218	Corporate License Instructions
RE 251	Continuing Education Course Verification
RE 909	Credit Card Payment

Failure to correctly complete the application, including the conviction information, will result in processing and issuance delays.

Business and mailing addresses are public information and are available to the public. Please consider this, especially when identifying a mailing address.

If you electronically re-create this form to facilitate completion on a computer, the form should not be altered in any manner. To do so, could result in disciplinary action. Also, please make certain you do not delete any preprinted information and are using the latest version of the form.

Branch Office

Branch offices are renewed only when the designated officer of the

corporation is renewed. Complete RE 203 to add new offices or to cancel existing offices.

On-Time Renewal

RE 207, 251, and appropriate fee must be submitted to DRE on or before the expiration date to be considered on-time and avoid lapse of license rights. Applicants who file prior to their expiration date should be able to print their license certificate on or after the expiration date. Applications for renewal should not be submitted more than 90 days prior to the expiration date. Pursuant to Section 10156.2 of the B&P Code, eligible renewal applicants who submit an application, togetherwith the properfee, and good faith evidence of completing the continuing education requirement, prior to their license expiration date may continue operating under their existing license until such time as they are notified otherwise by the Department. Such notices sent by the Department will take effect five days after the date they are mailed.

Late Renewal

All licensees are allowed two years beyond the license expiration date to renew on a late basis. RE 207, 251, and appropriate fee must be received by DRE within two years of the expiration date. While the

license is expired no activities requiring a license may be performed.

A late renewal will not be effective until all requirements have been met, received and processed by DRE. Failure to submit proper late renewal requirements within two years from license expiration date will result in forfeiture of renewal rights.

Upon corporation license expiration date all branches, DBA’s and affiliates will be disassociated. Proper documentation will be required

to reinstate them.

Late renewal applications will be subject to all education and fee requirements effective at the time of license application is filed.

Continuing Education (CE)

Licensees must complete approved continuing education (CE) courses, seminars, or conferences within the four year period immediately prior to their license renewal. Please review the current specific continuing education course requirements on the Continuing Education Course Verification form (RE 251). Evidence of the completed education must

be presented on that form and submitted with the renewal application and appropriate renewal fee.

Note: CE course credit expires four years from the course completion

date.

CE need not be submitted by officers who are currently licensed with individual broker status.

Do not submit course completion certificates unless requested by the Department.

Exemption from CE— Only applies to individuals who have been licensed in good standing for 30 continuous years in California and who are at least 70 years old (Section 10170.8 B&P Code). Refer to Continuing Education Extention/Exemption Request (RE 213) for

additional information.

Corporation License Changes

Use RE 204Ato make the following changes for the corporation: change of corporation mailing address*, main office address*, or corporation name; add or cancel a fictitious business name; or change designated officer to another licensed officer. If changing corporation officers, review RE 218 for possible additional filing requirements.

* The renewal application may also be used.

Fees & Mailing Information

The documents and fee may be submitted in person at any District Office or mailed to the Sacramento office. Timely submittal of the renewal requirements is determined by the official U.S. Postal Service postmark. Business office meter-stamp dates are not acceptable as evidence of timely submittal.

Fees— Refer to Exam & Licensing Fees (RE 206) for current fees. Please keep in mind that fees are subject to change. All fees are nonrefundable per B&P Code 10207.

Acceptable Payment Methods — Cashiers’ check, money order, check or credit card. Do not send cash.

•Make check or money order payable to: Department of Real Estate

•Credit card payments must be submitted with a Credit Card Payment (RE 909) form.

Mail to — Department of Real Estate

P.O. Box 137003

Sacramento, CA 95813-7003

Notice About SAFE Act

All DRE licensees who conduct residential mortgage loan activities, as outlined in the federal SAFE Act, must obtain a mortgage loan originator (MLO) license endorsement in order to perform these types of activities (SB 36, Calderon, Chapter 160, Statutes of 2009). MLO license endorsement applications must be submitted through the Nationwide Multistate Licensing System & Registry (NMLS) and applicants must successfullycompletetheNationaltestwithuniformStatecontent,submit a MLO license endorsement filing through NMLS and pay required license endorsement fees, submit fingerprints to NMLS, satisfy the 20 hour pre-license education requirement, and submit authorization for NMLS to obtain a credit report.All MLO license endorsements expire on December 31st and must be renewed annually by submitting a renewal filing through NMLS along with the appropriate fees, and evidence of completion of 8 hours of continuing education, as specified. Detailed information regarding obtaining a MLO license endorsement can be

found on our Web site.

RE 866 Filing Requirements

All DRE licensees must report to the Department of Real Estate if they make, arrange, or service loans secured by residential property, 1 to 4 units, under the authority of the Real Estate Law. The report must be made within 30 days of commencing such activity and must be completed online using Form RE 866 - Mortgage Loan Activity Notification. Penalty fees can apply for failure to submit this required notification.

PRIVACY INFORMATION:

Section 1798.17 of the Civil Code requires this notice be provided when collecting personal or confidential information from individuals. Each individual has the right to review personal information maintained by this Agency, unless access is exempted by law.

Department of Real Estate	Assistant Commissioner
1651 Exposition Blvd.	Licensing & Administration
Sacramento, CA 95815	Telephone: 877-373-4542

General powers of the Commissioner, Sections 10050, 10071, and 10075 of the Business and Professions Code authorizes the maintenance of this

information.

Business and Professions Code Sections 30, 31(e) and 494.5(d) require each real estate licensee to initially provide to the Department of Real Estate his or her social security number which will be furnished to the Franchise Tax Board. The Franchise Tax Board will use your number to establish identification exclusively for tax purposes. These code

sections also require that each application for a new license or renewal provides notification on the application, that the Board of Equalization and the Franchise Tax Board will share taxpayer information with the Department of Real Estate, and that failure to pay tax obligations may result in a suspension or denial of a license. The Board of Equalization and Franchise Tax Board require the Department to collect social security numbers and federal taxpayer identification numbers for the purposes of matching the names of the 500 largest tax delinquencies pursuant to Section 7063 or 19195 of the Revenue and Taxation Code. Your social security numbers and federal taxpayer identification number

shall not be deemed public records and shall not be open to the public for inspection.

The Real Estate Law and the Regulations of the Commissioner require applicants to provide the Department with specific information. If all or any part of the required information is not provided, processing may be delayed. In addition, the Commissioner may suspend or revoke a

license, or in the case of a license applicant, may deny the issuance for

misstatements of facts (including a failure to disclose a material fact) in an application for a license.

The information requested in this form is primarily used to furnish license status information to the Department’s Enforcement Section, and to answer inquiries and give information to the public on license status, mailing and business addresses and actions taken to deny, revoke, restrict

or suspend licenses for cause.

This information may be transferred to real estate licensing agencies in other states, law enforcement agencies (City Police, Sheriff’s Departments, District Attorneys, Attorney General, F.B.I.), and any other regulatory agencies (i.e., Department of Business Oversight, Department of Insurance, Department of Consumer Affairs, California Bar Association).

CERTIFICATION

I certify under penalty of perjury that I have taken and completed the courses listed above and will furnish to the Department of Real Estate, upon request, evidence of having taken any or all of the courses listed.

SIGNATURE OF APPLICANT (MUST BE AN ORIGINAL OR ELECTRONIC* SIGNATURE)

DATE

@

INSTRUCTIONS

Read this information before completing this form.

Type or print clearly in ink.

Completeallinformationrequested,includingsignature.

If renewing by mail, submit this form with the appropriate renewal application and renewal fee no earlierthan 3 months priorto license expiration date. You may also submit this information and renewal application online at www.dre.ca.gov.

If you electronically re-create this form to facilitate completion on a computer, the form should not be altered in any manner. To do so, could result in disciplinary action. Also, please make certain you do not delete any preprinted information and are using the latest version of the form.

COURSE CATEGORIES & MANDATORY HOURS

Do not confuse continuing education courses with

statutory courses. Statutory courses are required for real estate examination qualification.

Renewing licensees must complete and submit a

Continuing Education Course Verification (RE 251) reflecting the appropriate hours of approved CE:

Real Estate Salesperson Renewing for the First Time

Must complete a total of 45 clock-hours of approved continuing education courses which includes:

•Five separate three-hour courses in the following subjects: Ethics, Agency, Fair Housing, Trust Fund Handling and Risk Management; and

•Aminimum of 18 clock hours of consumer protection courses; and

•Theremainingclockhoursrequiredtocompletethe45 hours of continuing education may be related to either consumer service or consumer protection courses.

Real Estate Broker Renewing for the First Time

Must complete a total of 45 clock-hours of approved continuing education courses which includes:

•Six separate three-hour courses in the following subjects: Ethics, Agency, Fair Housing, Trust Fund Handling, Risk Management, and Management and Supervision; and

•A minimumof18clockhoursofconsumerprotection courses; and

•Theremainingclockhoursrequiredtocompletethe45 hours of continuing education may be related to either consumer service or consumer protection courses.

Real Estate Salesperson and Broker Subsequent Renewals

Must complete a total of 45 clock-hours of approved continuing education courses which includes:

•One eight-hour survey course covering the six mandatory subjects (Ethics, Agency, Fair Housing, Trust Fund Handling, Risk Management, and Management and Supervision) OR licensees can choose to take each of the mandatory subjects separately; and

•A minimumof18clockhoursof consumerprotection courses; and

•Theremainingclockhoursrequiredtocompletethe45 hours of continuing education may be related to either consumer service or consumer protection courses.

CE GENERAL INFORMATION

Courses Valid for Four Years

All continuing education course offerings attended must

be completed within the four-year period immediately

preceding the effective date of renewal. This is normally

the day after the expiration date for an on-time renewal. All licensees are allowed two years beyond the expiration

date of their license to renew on a late basis by meeting the renewal requirements in effect at that time. In this case, all course offerings must be completed within the four-year

period immediately preceding the date the application is received by the Department.

CE course credit expires four years from the course completion date; therefore, courses completed as part of a prior renewal requirement cannot be applied to a current renewal application.

Corporation Officer License

A currently licensed individual broker is not required to

provide evidence of completion of 45 hours of CE to renew a corporation officer license or apply for a new corporation officer license. However, a person who is licensed only as a corporation officer must submit evidence of completion of

CE requirements to a) renew the existing license, b) apply for a new corporation officer license, or c) apply for an

individual broker license.

Certificates of Completion

The Certificate of Completion provided by the course

sponsor, upon successful completion of the course, will

include: an 8-digit certificate number, designated category,

registrationdate,datecompleted,coursehours,andthecourse

title. If the certificate does not contain a valid 8-digit number,

contact the course sponsor to obtain the correct number.

•Do not contact the Department of Real Estate regarding certificate numbers.

•Do not send CE certificates of attendance to the Department unless specifically requested to do so. (CE certificates should be retained by the licensee for a period of four years or until the renewal process has been successfully completed.)