Intellectual Property | Real Estate | Technology | Software

BRE questions for Broker Escrow Audits

Sep 14th, 2015 | By | Category: Real Estate Broker Law

Tips for handling DRE and BRE real estate audits

CalBRE broker escrow audits


This blog discusses some general questions that might come up if you are facing a Department of Real Estate (“DRE”) audit, or California Bureau of Real Estate (“BRE”) broker-escrow audit.  This is not an exclusive list and other questions may be asked.  These questions provide some helpful tips of the types of things every broker should prepare for.  If you need representation, please fill out the contact form below.

Potential questions the broker may be asked

1.  Does your company handle broker escrows?

2.  if so, how many per year?

3.  Who is the contact person for escrow?

4.  Is the broker licensed by any other entity (ex. Department of Corporations, now the California Department of Business Oversight)?

5. How many years experience does the broker have in escrow?

6.  Does the company maintain errors and omissions insurance (E&O)?

7.  Does the broker have a fidelity bond?

8.  Does the company do “virtual escrows”?

9.  What is the name of the insurance bonding company?

10.  What is the deductible on your insurance?

11.  Are there separate owners for the escrow side of the business?

12. How many open escrows do you have?

13. Do you accept any type of trust funds?

14.  How are the checks signed?

15.  Who handles the escrow accounting?

16.  Do you have a copy of escrow logs?

17.  Who inputs the transactions into the computer?

18.  What broker escrow software do you use

19.  Do you work on any escrow transactions for deals other than your own (ex. a standalone escrow transaction)?

20.  Have you ever received any complaints in regard to your broker escrow?

Contact a BRE license defense firm

These are a sample of the types of questions you may get.   To retain our firm to help you in a broker escrow audit, contact us at (877) 276-5084 or fill out the contact form below.  We have helped many agents, salespersons and real estate brokers, including property management brokers in handling BRE investigations, audits, subpoena response, desist & refrain and real estate accusations.



The following two tabs change content below.
We are a business and civil litigation firm with a focus on copyright infringement cases involving illegal movie downloads (torrent cases such as London Has Fallen, ME2 Productions and Malibu Media defense), software audits (ex. Microsoft audits, SPLA, Autodesk audit notification letter, Siemens PLM defense, SIIA, Adobe and Business Software Alliance defense) and other software vendors threatening piracy and infringement. We also handle cases involving internet law, anti-SLAPP, media law, right of publicity, trademarks & domain name infringement, and we have a niche practice area handling California BRE licensing disputes, accusations, subpoena response, statement of issues and investigations. We have offices in San Francisco, Beverly Hills, Newport Beach, San Diego & Phoenix, Arizona and accept federal copyright and trademark cases nationwide. All content on our website is general legal information only and not a substitute for legal advice, and should not be relied upon. Decisions to hire counsel should not be based on advertising alone. Blogs, videos and podcasts are authored by Steve Vondran, Esq. unless otherwise noted. We can be reached at (877) 276-5084.

Latest posts by Vondran Legal - Civil Litigation firm handling Software audits, Copyright Infringement, Internet law, and general Business & Real Estate law (see all)

Comments are closed.