By Summer Goralik
On behalf of The Escrow Training Institute, I will be presenting a class on DRE broker-controlled escrow divisions which is scheduled for Saturday, February 17th. This class will cover everything you need to know about operating an escrow division under the jurisdiction of the California Department of Real Estate.
Please check out my video below for more information.
DRE Broker Escrow Operations (Summer Goralik) Saturday, February 17th, 8:30 – 3:30. Tuition: $199.00
When it comes to conducting broker-controlled escrows, regulatory compliance is not enough! Learn from Summer Goralik, Real Estate Compliance Consultant and former California Department of Real Estate (DRE) Special Investigator, what it takes to stay compliant while implementing industry broker-controlled escrow “best practices”.
This class will provide real estate brokers and others with a fundamental road map to opening and managing their in-house escrows; avoiding common mistakes, staying out of regulatory trouble and protecting themselves from myriad liabilities.The following topics will be covered:
Real estate brokers operating under the Escrow Law exemption
Staffing and employment contracts
Broker supervision, policies and procedures, and best practices
Transaction file compliance
Required disclosures enforced by the DRE
Escrow fees and discounts
Escrow software systems
Retention of records
Fidelity bonds and related insurance
Trust Account set-up, required records, and policies and procedures
Prohibitive practices under the DRE
Unlawful incentives and kickback schemes in the escrow industry
Protocols which may protect the broker from administrative, civil and/or criminal liability and much more!
Hours: 8:30 – 3:30; Location: Ayres Hotel, Costa Mesa
Summer Goralik is a Real Estate Compliance Consultant and licensed Real Estate Broker (#02022805). Summer offers real estate brokers a variety of consulting services including assistance with California Department of Real Estate investigations and audit preparation, mock audits, brokerage compliance guidance, advertising review, and training. She helps licensees evaluate their regulatory compliance and correct any non-compliant activities. Summer has an extensive background in real estate which includes private sector, regulatory and law enforcement experience. Prior to opening her consulting business in 2016, she worked for the Orange County District Attorney's Office as a Civilian Economic Crimes Investigator in their Real Estate Fraud Unit. Before that, Summer was employed as a Special Investigator for the DRE for six years. Among many achievements, she wrote several articles for the DRE, four of which were co-authored with former Real Estate Commissioner Wayne Bell. Prior to her career in government and law enforcement, Summer also worked in the escrow industry for nearly five years. For more information about Summer's background and services, please visit her website, www.expertdrecompliance.com.