The DRE oversees real estate brokers who perform mortgage loan activities under which legal framework?

The oversight of real estate brokers engaging in mortgage loan activities falls under the Real Estate Law, specifically Sections 10000 through 11506 of the Business and Professions Code. This legal framework establishes the regulatory requirements for real estate professionals, including the licensing, conduct, and operational standards for brokers involved in mortgage lending.

The Real Estate Law set forth in the Business and Professions Code provides comprehensive guidelines for various aspects of real estate practice, such as the conduct of licensees, applicable disclosures, and the protection of consumers. This law is essential in ensuring that brokers operate within the established legal structure, providing assurance to consumers that they are working with qualified and licensed professionals.

Other legal frameworks mentioned, such as the California Financial Code, Residential Mortgage Lending Act, and Finance Lenders Law, relate to different aspects of lending or financial practices but do not specifically govern the activities of real estate brokers in the context of mortgage lending as comprehensively as the Real Estate Law does. These alternatives may apply to various lending institutions or specific types of financial transactions but are not the primary legislation regulating brokers conducting mortgage loan activities.