Effective July 1, 2009, California REALTORS® must disclose their DRE license numbers on first contact materials and real property purchase agreements. The new regulation has been put in place to aid consumers in verifying the license status of a licensee.
(see Bill 1461 text)
What are first contact materials?
- business cards
- advertising fliers
- other materials designed to solicit the creation of a professional relationship between the licensee and a consumer
- advertisement in print or electronic media
- "for sale" signs
- classified rental ads reciting the address and phone number of the rental property
DRE license numbers must be disclosed on real property purchase agreements. C.A.R. has incorporated this into all new standard form purchase agreements.