Tuesday, April 21, 2009

California Dept of Real Estate Gone?

Have you heard about California Assembly Bill 33 (AB33)? It is sponsored by California Assemblyman Pedro Nava. He describes on his official website that the bill "Combines the Department of Financial Institutions, Department of Corporations and Department of Real Estate into the California Department of Financial Services into a one stop shop regulator providing clarity for licensees and increased consumer protections".

The Bill is to be considered by Assembly Business and Professions Committee on April 28th. The California Association of Realtors has come out in opposition to the Bill.

Governor Schwarzenegger's statement is here: Governor Schwarzenegger Press Release on AB 33

We'll be watching next week.

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