CALIFORNIA REAL ESTATE BROKER (INDIVIDUAL) LICENSE ENDORSEMENT by edk10782

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									                                           Amendments                                        CA-DRE
                                  Jurisdiction-Specific Requirements


 CALIFORNIA REAL ESTATE BROKER (INDIVIDUAL) LICENSE ENDORSEMENT


ALERT! For California DRE licensees, who are amending an MU4 filing, do not select the “Add”
button located at the bottom of the page in the License/Registration Information screen. If you
select the add button, you will incur additional fees that will NOT BE REFUNDED! Please scroll
down and select “Next” to continue to complete the filing.

Instructions
 1. Real Estate Brokers requesting to change information contained on form MU4 (as an individual)
    must file an amendment through the NMLS system. You must log into the NMLS system in order
    to file an amendment. After you have logged in, click on the “Filing tab” for further instructions on
    this process.
 2. Personal name changes, mailing and main office address, and DBA additions or cancellations must
    be processed and approved through DRE before you submit any amendment requests though
    NMLS. These requests require separate filing and/or additional documentation to be submitted to
    DRE.
 3. Filing an amendment through the NMLS does not authorize you to conduct business with the
    changes requested unless those changes are reflected on your DRE license records.
 4. If you are working as a broker-associate employed by a broker or corporation under a salesperson-
    broker agreement and you are changing your employers, you must take the following steps
         Update the employment section of Form MU4.
         Confirm that the email address listed in the following locations is current in NMLS;
            - Home Tab>My Account>Update User Profile
            - Filing Tab>Individual>Identifying Information
         You must terminate the “Relationship” with your former employer in NMLS if the company has
            not already done so.
         Your license status will be updated to inactive until we receive a “Sponsorship” request from
           your new employer.
         You do not have the authority to perform MLO activity under an inactive license status in NMLS.
         You must provide your new employer access to your NMLS record
         Your new employer is required to submit a “Sponsorship” request through NMLS.
         Once the new “Sponsorship” request is accepted, your license status will be updated to
              approved, and you will be authorized to perform MLO activity.

      Quick Guides are located on the NMLS Resource Center to help you and your employer through
      each of the actions required above.

 5. There are no DRE amendment fees for changes made to Form MU4 through NMLS. However,
    there is a NMLS processing fee associated with a sponsorship change request.



Updated: 4/13/2010                                                                                Page 1 of 2
                        For Overnight Delivery:                      For U.S. Postal Service:

                     Dept. of Real Estate                              Dept. of Real Estate
                 Licensing Section-NMLS Unit                       Licensing Section-NMLS Unit
                        2201 Broadway                                   P.O. Box 187008
                    Sacramento, CA, 95818                             Sacramento, CA, 95818




  WHO TO CONTACT – Contact Department of Real Estate licensing staff by phone at 877-373-4542 or
  send your questions via e-mail to www.dre.ca.gov/lic_ask_drelicensing.html for additional assistance.
  For system questions, call the NMLS Call Center at 240-386-4444.

THE APPLICANT/LICENSEE IS FULLY RESPONSIBLE FOR ALL OF THE REQUIREMENTS OF THE
LICENSE FOR WHICH THEY ARE AMENDING. THE JURISDICTION SPECIFIC REQUIREMENTS
CONTAINED HEREIN ARE FOR GUIDANCE ONLY TO FACILITATE AMENDMENT REQUEST THROUGH
THE NMLS.




   Updated: 4/13/2010                                                                            Page 2 of 2

								
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