![]() To continue a saved report, select the appropriate report and click "Amend" to proceed. When the report has been completed, complete the certification and click "Submit". Signatory information – including name, DRE license number (if applicable), and fidelity bond coverage (if applicable).Number of trust accounts held by the broker for escrow activities.Whether or not the escrow officer has been convicted of any misdemeanors or felonies.Whether or not the escrow officer has been barred from any real estate-related business activity.Address and telephone number at each location at which broker-controlled escrow activities occurred.Reported dollar volume should not be limited to solely fees collected by the broker for conducting escrows.) (Note that "dollar volume of escrowed transactions" is the total dollar amount of all funds escrowed. Calendar year in which the escrow threshold was met.( Note: The threshold is five or more broker-controlled escrow transactions or broker-controlled escrow activities equal to or exceeding $1,000,000.) Before engaging in the services of any continuing education provider, check here to see if formal action or pending action has been taken against the provider. Somestates require the license certificationbe mailed directly to them please verify before completing the. The California Department of Real Estates approval of the listed courses is permissive only and does NOT constitute a recommendation or endorsement. Escrow Activity Report InstructionsĮnter information for the calendar year in which the escrow threshold was met. Call (916) 576-8652 if you have any questions. In addition, the broker is subject to disciplinary action against his or her license(s). On and after the 31st day, the penalty is $100 per day, not to exceed a total of $10,000. It is an online submission form.Ī broker who fails to submit the Escrow Activity Report is subject to a penalty of $50 per day for each day the report has not been received by the Department, up to and including the 30th day. The report is due within 60 days after the end of the calendar year in which the broker met the escrow threshold. ![]() Brokers who are exempt from the Escrow Law (California Financial Code Section 17006) and who engage in broker-controlled escrow activities for five or more transactions in a calendar year or whose escrow activities equal or exceed $1,000,000 in a calendar year will meet the escrow threshold and will, therefore, have to submit an Escrow Activity Report, RE 890 (Business and Professions Code Section 10141.6). ![]()
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