Do property management companies need a broker of record in California?

Yes. California Business and Professions Code Section 10131 requires property management activities — including leasing, rent collection, and managing properties for others — to be conducted under a licensed real estate broker. Operating a property management company without broker supervision is illegal and can result in DRE enforcement action.

How much does a broker of record cost in California?

BOR fees typically range from $300-$2,000+ per month depending on the scope of broker supervision. Loom Realty charges $500/month for Management & Leasing, $1,000/month for real estate sales supervision, and $1,500/month for full-service management, leasing, and sales supervision. All tiers include a $500 one-time onboarding fee.

How do I find a broker of record for my property management company?

Look for brokers who specialize in BOR services (not traditional sales brokers taking on extra work). Key factors: DRE audit experience, trust fund compliance knowledge, property management-specific form access (AOA, AAGLA), fair flat-fee pricing, and active broker status. Loom Realty offers dedicated property management BOR services starting at $500/month throughout California.

What is a Broker of Record?

A Broker of Record (BOR) is a licensed real estate broker who provides supervision for a real estate company. California law requires every real estate company to operate under a licensed broker. A BOR arrangement allows companies to operate under an experienced broker's license without employing their own broker.

Does Loom Realty provide BOR services throughout California?

Yes. Loom Realty provides Broker of Record services statewide — Los Angeles, San Francisco, San Diego, Sacramento, the Bay Area, Inland Empire, Central Valley, Central Coast, and all other California regions. Our compliance supervision works remotely; you don't need to be near our Calabasas office.

DRE Compliance Services

Audit-proven DRE regulatory compliance infrastructure for California brokers, property management companies, and real estate operators

DRE Compliance Built Into Your BOR

California Department of Real Estate (DRE) compliance isn't optional: it's required. Real estate brokers, property management companies, leasing operators, and sales teams must follow rules for responsible broker supervision, trust fund handling, file documentation, license oversight, and advertising.

Loom Realty's BOR services include comprehensive DRE compliance infrastructure. This isn't a separate service or add-on fee: compliance oversight is built into your monthly BOR fee.

DRE Audit Proven

Our compliance framework successfully passed a California DRE audit covering nearly 2 years of transactions.

What's Included

All compliance services are included in your BOR fee:

Broker Supervision & Oversight

Active broker supervision for property management, leasing, sales, and brokerage operations that need licensed California DRE oversight.

Trust Fund Compliance Review

Review of your trust fund handling procedures: security deposits, rent collections, owner disbursements. Trust fund violations are among the most common DRE issues.

Transaction File Review

Documentation review for your leasing and property management files. Proper file documentation is critical for DRE audits and complaint responses.

Advertising Compliance Review

Review of your advertising and marketing materials to ensure compliance with DRE advertising regulations. Avoid common advertising violations.

Written Compliance Manual

Comprehensive compliance manual outlining all DRE requirements, policies, and procedures. Your reference guide for proper operations.

DRE Complaint Guidance

If a complaint or investigation arises, we guide you through the response process. Loom Realty has direct experience handling DRE complaints.

Key DRE Requirements for Property Managers

California law requires property management companies to meet these compliance standards:

✓Licensed broker supervision for all real estate activities
✓Trust account setup and proper handling of client funds
✓Transaction file documentation and record retention
✓Advertising compliance (license number display, accuracy requirements)
✓Disclosure requirements for property management
✓Regular trust fund reconciliation and reporting

Loom Realty's BOR services ensure you meet all these requirements with proper oversight and documentation.

California DRE Licensee Resources California DRE Public License Lookup DRE Trust Funds Guide DRE Broker Compliance Evaluation Manual DRE Property Management Reference Chapter

Compliance Services Pricing

All compliance services included in your BOR monthly fee.

$500/month

Property Management Tier + $500 one-time onboarding

No separate compliance consulting fees. No per-file charges. No hidden costs.

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DRE Compliance FAQ

What DRE compliance services are included with BOR?

All compliance services are included in your monthly BOR fee. There are no separate compliance consulting charges. You get broker supervision, trust fund review when applicable, file documentation review, advertising compliance, a written compliance manual, and complaint guidance: all included.

Do you provide DRE services for real estate brokers?

Loom Realty provides DRE compliance infrastructure through Broker of Record service. This can support real estate brokers, broker-supervised teams, property management companies, and operators that need file standards, advertising review, trust fund workflow review, license roster review, and DRE-ready procedures. Loom is not a law firm and does not replace legal counsel.

What is DRE regulatory compliance for brokers?

DRE regulatory compliance for brokers includes responsible supervision, license oversight, record retention, advertising review, trust fund procedures, transaction file standards, complaint response, and written office policies. Loom Realty focuses on these issues inside the BOR relationship for approved California clients.

Has Loom Realty been through a DRE audit?

Yes. Loom Realty's compliance infrastructure has successfully passed a California DRE audit covering nearly 2 years of transactions. This is the same compliance framework we provide to our BOR clients.

What happens if I get a DRE complaint?

We guide you through the response process. This includes helping gather documentation, reviewing your response, and advising on proper procedures. Loom Realty has direct experience handling DRE complaints and investigations.

Do you help with trust fund setup?

We provide guidance on trust fund requirements: account setup, record-keeping, reconciliation, and DRE reporting standards. Trust fund violations are one of the most common areas where property managers face DRE issues, so proper setup is critical.

How often do you review our files?

We conduct ongoing compliance oversight rather than one-time reviews. You can submit files for review as needed, and we proactively check documentation standards. Our goal is preventing issues, not just catching them after the fact.

What if we're not currently compliant?

We'll work with you to get compliant. The compliance onboarding session covers DRE requirements and identifies any gaps in your current operations. We provide the written manual and ongoing guidance to bring your operations into full compliance.

What DRE sources should California property managers review?

Useful official references include the California DRE Licensee Resources page, DRE public license lookup, DRE Trust Funds Guide, DRE Broker Compliance Evaluation Manual, and the DRE Property Management reference chapter.

What does Loom Realty charge for property management BOR with compliance oversight?

Loom Realty Management & Leasing BOR service is $500/month plus a $500 onboarding fee. DRE filing fees are separate. The service is statewide California coverage under Kayla Jane Bramante, CA DRE #02017652.

How long does DRE compliance onboarding take?

Loom Realty typically estimates 4-6 weeks for DRE review after complete paperwork is ready and filed, depending on documentation readiness, business complexity, and DRE processing.

Questions About DRE Compliance?

Text us to discuss your compliance needs. We'll explain how Loom Realty's BOR services ensure your property management company meets all DRE requirements.

Talk to a Broker See Pricing

David Levine Bramante, President & Operations
Text: +1 (310) 906-5459