760-814-1850
    info@1850realty.com

1850 Realty ®1850 Realty ®

Helping You Buy and Sell Real Estate in San Diego

  • Communities
    • Cardiff
    • Carlsbad
    • Del Mar
    • Encinitas
    • Escondido
    • Fallbrook
    • Oceanside
    • Poway
    • Home
    • Ramona
    • Rancho Bernardo
    • Rancho Santa Fe
    • San Marcos
    • Solana Beach
    • Valley Center
    • Vista
  • Services
  • Blog
  • Why 1850?
  • 1850 Realty LFRO

Transparency in Real Estate: Is The Broker Actually a Broker?

The real estate space is flush with catch phrases and calls to action. “We need to clean up the industry!” Transparency is all the rage. Nearly every related group wants to “raise the bar.” Anything that benefits the consumer is a win in reality. It all looks good, doesn’t it? But is this all lip service from an aging industry?

Why do we care? The state of California has stringent licensing guidelines to be a real estate broker. State law also dictates the added responsibilities one with a broker license needs to care for. 1850 Realty is bona fide, meaning we are 100% what we say we are: a fully independent real estate brokerage, with Carol Farrar as the broker. The red tape and legal paperwork needed to get to our position is daunting. It pains us and those like us in the business to see fakers and perpetrators calling themselves something they are not.

That said, what appears to go on is that the “good ol’ boy” and crowd favorite get a pass. Is this the right way to promote the real estate business? Is it fair to hire someone who isn’t who you think they are? We don’t think so, and have some examples to share.

How to be a Broker, without being licensed!

In California, one must be a broker to run a real estate business. The broker is legally responsible for her actions and all of her agents. Any licensed Corporation must have a broker, and that person must also be an officer of that corp. Chartered with this task, setting an example sets the tone of the office. What happens when the “owner” doesn’t have those liabilities?

Read along with our playbook on how to gallivant as a real estate broker; without a broker license. (Names and identities have been redacted.)

Part 1: Fake it until you make it.

Screen Shot 2015-03-19 at 2.34.35 PM

Here we have a print article dated 3/19/2015 featuring a great person we know. Their business is doing neat things, and getting loads of positive press. That said, note above transparency was used TWICE! “You Keep Using That Word, I Do Not Think It Means What You Think It Means” Let us look at our next image…

Screen Shot 2015-03-19 at 3.18.00 PM

A quick trip to verify the license shows that in fact, this person is not a licensed broker in California as of the publish date. They also have an employing broker, which means they are definitely not said person. So about that transparency… A simple mistake, or a pattern? Well, we found other instances dating back 8 months on the same news site:

Screen Shot 2015-03-19 at 3.43.17 PM

Broker was used four times above. Seemed to me that they want to convey a point: broker’s providing advice for other broker’s.

And:

Screen Shot 2015-03-19 at 3.42.04 PM

Hmm. Again, not belittling or hater-Ade by any stretch. The repetitiveness leaves one with questions, such as why hasn’t this been pointed out or corrected?  Or, fake it until you make it! This person is more than qualified to become a real estate broker, and the fact that they are running around promoting that fact borders on illegal.

It was pointed out to the editor of this news site. No correction or acknowledgement from them.

Part 2: Laws? What do we need those for?

Our next example is the poster child for someone who should not be allowed to practice real estate. They have been a blight on their own clients as well as the local industry. This is supplanted by evidence of a license suspension by California Bureau of Real Estate. So what gives?

Battiata

It turns out this person is a “designated officer” of a Corporation, which is a legit way to use “…the license issued to a corporation’s designated officer entitles that individual to conduct licensed activities on behalf of the corporation…”

Battiataoffice

This next image shows said Corporation, with only the non-licensed individual as the only Designated Officer. Wait a minute, so a Corp can be a broker without anyone at the helm holding a current license? In plain language: practicing real estate without a license.

Screen Shot 2015-03-26 at 9.15.10 AM

If you are following, an individual without a license is also the officer dedicated with said compliance of a licensed entity. Said individual is also performing licensed activities under supervision of himself. Crazy huh?! You can also name inexperienced people as Designated Officers, who can also act as brokers with zero education and no individual licensing.

Any person who wanted to practice real estate without a license needs to do the following to legally do so:

  • Hire a broker of record on retainer
  • Create a California Corporation, name yourself and broker as corporate officers
  • Apply to the California Bureau of Real Estate for a Corporate License
  • Receive license with yourself named as a Designated Officer
  • Remove broker of record, since you are now an acting broker!

This seems insane. When people like these are accepted with open arms, what chance does this industry have to change for the better?

 

 

 

Posted in: Blog

Post navigation

« How to Sell: Closing Escrow
How to Buy a Home in 10 Easy Steps »

Favorites

Home Improvement
Open Houses
Things to Do
How to Buy
How to Sell
Honesty Hour Videos

Home Valuation Tool

1850realty

Helping families buy & sell homes in America’s finest city! 🏡🏘☀️ Sign up for our monthly newsletter for things to do in San Diego 😎

San Diego Real Estate Broker
Let's take a closer look into April’s North Coun Let's take a closer look into April’s North County Market Update on single-family detached homes. 🔎 Ready to make your move in this market? Reach out to us, we’re here to help!
Representation is absolutely everything in this ma Representation is absolutely everything in this market, have us on your side to get you into your dream home. 🙌🏽 #Testimonial
Ready for April’s North County Market Update on Ready for April’s North County Market Update on single-family attached homes? 🏡 We couldn’t wait to share these stats with you! 🔑 Even if this market seems daunting, we are seasoned professionals that can help you navigate it. #NorthCounty #homeownership #livinginsandiego #NewHome #northcountysd #realestate #realtor #sandiegorealestate
Our track record is incredible, many times we have Our track record is incredible, many times we have repeat clients asking for our help! Remember, who you hire matters. ✔️ #TestimonialTuesday
Happy Mother’s Day to all the moms out there! We Happy Mother’s Day to all the moms out there! We hope you are getting extra snuggles and love this Sunday. 💜
Whatever you do, DO NOT sell your home before read Whatever you do, DO NOT sell your home before reading this article. We have the inside scoop. 👀 www.1850realty.com/article/homeowner #northcountysd #realestate #realtor #sandiegorealestate #sandiegorealtor #sellingahome #whoyouhirematters
We are always here to take your call and chat abou We are always here to take your call and chat about your homeownership goals! Plus, we have a pretty sweet view of the weekly Tuesday farmer’s market, happening weekly from 3 p.m. to 7p.m. #NorthCounty #RealEstate
We don’t call ourselves the best for nothing! 🏆 Our team has your best interests at heart PLUS an understanding of the current market! Give us a call, our lines are always open.📞 #TestimonialTuesday
Over an acre of land with room to roam. Relax by t Over an acre of land with room to roam. Relax by the pool in the shaded area with a fire pit. Sweet single level home nestled in North Escondido. Sitting on top of a hill with westerly views of the mountains, this special property offers solar and is minutes from the 15 making it super convenient for commuting. Check out more at 1556SilverTree.com #escondidorealestate #1850realty
Just listed! 🤩 ✅ Sweet single level home nes Just listed! 🤩 ✅ Sweet single level home nestled in North Escondido. Sitting on top of a hill with westerly views of the mountains, this special property offers solar and is minutes from the 15 making it super convenient for commuting. ✅Over an acre of land with room to roam on both front and back yards. Relax by the pool in the shaded area with a fire pit. ✅ Indoors you’ll find the home is light and bright with vaulted ceilings and freshly painted interior including doors, baseboards, ceilings and casings. ✅ Exterior is newly painted with long lasting ceramic paint including sheds. Open concept living, dining & kitchen. ✅ Wide hallway leads to three bedrooms, a den and two bathrooms. Sliding doors off the den opens to the pool and front yard. Sliding doors off the master bedroom and dining room open to a covered patio with a hot tub. ✅ Brand new garage door. New windows. New refrigerator. Plus, he/she sheds equipped with locking french doors & electrical. ✅Gated & fully fenced. Container unit on premises ready for your storage needs. Full section 1 clearance completed! Move in ready! Come see ASAP!! Asking $950,000 View more pictures and virtual tour at: 1556SilverTree.com #justlisted #forsale #escondidorealestate #sandiegohomes #singlelevel #poolandspa #heshedsheshed #largelot #sandiegorealtor #1850realty
How To Choose The Right Trust & Probate Real Estat How To Choose The Right Trust & Probate Real Estate Team 🏡⚖️ Choosing the wrong team in a Trust & Probate sale can be seriously detrimental to the process. If you don't know how to go about these transactions, then don't wing it. Find a team who you can trust to help you achieve the goals set by the trust. Hire a pro from the get go! ✅ #estatesale #probateproperty #sandiegorealestate #sandiegorealtor #resourcefulrealtor #whoyouhirematters #sellingahome #familyestate #1850realty
COMING SOON 🤩 Sweet single level home nestled i COMING SOON 🤩 Sweet single level home nestled in North Escondido, sits on 1.1 acres fully fenced with solar! Inground pool and hot tub off master bedroom. Freshly painted inside and exterior painted with long lasting ceramic paint. Stay tuned for more, soon! #escondidorealestate #northcountysd #1850realty
Today is #EarthDay and there are so many beautiful Today is #EarthDay and there are so many beautiful sights and spots we enjoy in #NorthCounty. Let’s not forget to treat our planet with respect and love. 💙
Our main goal for our buyers will always be gettin Our main goal for our buyers will always be getting them into their dream homes! Don’t stress with the rest, talk to our team about how we can get you into your next dream home. #Testimonial
We hope you have a happy Easter! May your easter b We hope you have a happy Easter! May your easter basket be filled with golden eggs and fantastic surprises.
Let’s talk about the March North County Market! Let’s talk about the March North County Market! 🏡 We are focusing on a single family detached home in this update. 🤓 Got any questions or ready to make a move in this market? Shoot us a DM, we are ready and able!
Sold 🥳 Buyer Represented! It’s normal to he Sold 🥳 Buyer Represented! It’s normal to hear how long it takes for a buyer to get their offer accepted on a home these days except when it comes to working us. 😉 Our clients recently relocated to San Diego and were in temporary housing until they found a home. It took less than a month of searching and just a few offers written before we got their VA offer accepted! You read that right!! A veteran’s loan 🇺🇸 Most agents would tell you that VA buyers can’t get their offers accepted because 100% financing isn’t competitive enough in this market but we are here to tell you they are 💯wrong! Not only did we get these first time VA buyers acceptance, we negotiated repairs in escrow and closed in 21 days! Thanks to our preferred lending partner @cmoneyhomeloans who handled the financing like a champ! 💪 When you hire the best, you can forget about the rest. 🙌 North County San Diego’s Real Estate Experts, @dev_1850realty, @carolfarrar & @ericfarrar1850 at your service! 🤝🏡😃 #oceansiderealestate #1850realty #valoans #buyersagent #northcountysd #buyingahouse #whoyouhirematters
In this market, it pays to have a seasoned profess In this market, it pays to have a seasoned professional who understands the nuances and secret sauce, to get you where you need to be. But, you don’t need to take our word for it, check out this review from a recent buyer! #Testimonial #NorthCounty
Sold 🤩 Buyer represented This dreamy estate w Sold 🤩 Buyer represented This dreamy estate was on our clients radar but the only problem was this pretty property had been up for sale for a few days and the nature of the market is such that there were already multiple offers on table 😅 It had to be hers so we did what we do best and strategized with the quickness! We showed her the house, wrote the offer and within 24 hours we were in escrow then two weeks later, we closed! 🤩 sounds magical, doesn’t it?! ✨ Here’s the thing, our team at @1850realty is reliable and ready to help make your real estate dreams come true! We have a proven track record and as the story goes, we will guide you towards your goals because that’s how we roll! 😎 Are you thinking about a move? Not sure where to start? Reach out for a confidential chat, we’re only a DM away 📲 #homeownershipgoals #sandiegorealestate #buyersagent #carlsbadrealestate #realtorinflipflops #northcountysd #1850realty
“Some people look for a beautiful place. Others “Some people look for a beautiful place. Others make a place beautiful.” — Hazrat Inayat Khan It’s all what you make of it. Owning a home gives you the opportunity to make it everything you want it to be so why not make it beautiful 🤩🏡 #1850realty #BrokersAreBetter #buyingahome #dreamhome #firsttimehomebuyer #homeowner #homeownership #livinginsandiego #NewHome #northcountysd #realestate #realtor #sandiegorealestate #sandiegorealtor #sellingahome #whoyouhirematters
Load More... Follow on Instagram
760-814-1850
info@1850realty.com

251 North City Drive, Ste. 128F, San Marcos CA 92078

1850 Realty ®
California DRE #01946868
© 2022