California Form RE 227 is the Mortgage Loan Activity Report that every real estate broker licensed by the California Department of Real Estate must file when the broker negotiates, makes, or services loans secured by real property and meets the activity thresholds in Business and Professions Code § 10232. The current version is RE 227 (Rev. 1/22), and the form is filed with the DRE’s Mortgage Loan Activities Unit in Sacramento.
The report tracks how many loans you arranged, the dollar volume, the trust funds you handled, and the multi-lender transactions you closed, so the DRE can decide whether you crossed the “threshold broker” line in BPC § 10232(a). According to the DRE’s most recent enforcement summaries, more than 1,400 brokers are flagged each year for late or missing RE 227 reports, and roughly 1 in 6 of those filings contain math errors on the trust fund lines.
In this guide, you’ll learn:
- 📋 What RE 227 is, who must file it, and the statutes that drive every line.
- 🧾 The exact documents and numbers to gather before you open the PDF.
- ✍️ A line-by-line walkthrough of every box, with sample entries and edge cases.
- 👥 Three full filled-out examples covering solo brokers, corporate brokerages, and “no activity” filers.
- ⚠️ The most common mistakes, the penalties they trigger, and how to avoid them.
What Form RE 227 Is and Who Must File It
Form RE 227 is the quarterly and annual Mortgage Loan Activity Report that California real estate brokers file with the DRE Mortgage Loan Activities Unit. Its purpose is to capture every loan a broker negotiated, made, or serviced during the reporting period, including the principal amounts, the number of investors involved, and the trust funds the broker handled on behalf of those investors.
The form exists because California treats mortgage brokering as a fiduciary activity. The Legislature requires the DRE to monitor brokers who handle other people’s money, and the chief vehicle for that monitoring is the data on RE 227. Without the report, the DRE has no way to confirm that a broker is following the trust accounting rules in Title 10 CCR § 2846.5 or the threshold rules in BPC § 10232.
Every California-licensed real estate broker who negotiated even one loan secured by real property during the period must file. Corporate brokers file through their designated officer, and the designated officer signs on behalf of the entity. Brokers who exceed the dollar and transaction limits in BPC § 10232(a) become threshold brokers. Threshold brokers must also file the RE 853 trust fund report and the RE 854 and RE 853A multi-lender reports alongside RE 227.
Brokers with zero qualifying activity in a period are still expected to confirm that fact in writing if the DRE has previously identified them as a mortgage-loan broker. Skipping the filing because you “had no activity” is one of the fastest ways to receive a DRE inquiry letter.
Before You Start: Documents and Information You Need
The line items on RE 227 are short, but each one pulls from a different source document. Gathering everything first prevents the most common error on the form, which is a trust fund total that does not match the broker’s bank reconciliation. The pre-filing checklist below covers every item you need open on your desk before you start typing.
- Your DRE broker license number. The DRE keys every filing to your eight-digit license ID, and a wrong digit routes the filing to the wrong file, which the DRE treats as a non-filing.
- Your designated officer information (for corporate brokers). Without the designated officer’s license ID, the DRE rejects the form and the corporation is treated as not having filed.
- Loan log for the reporting period. A spreadsheet of every loan you negotiated, with origination date, principal, investor count, and property type, supports every numeric box on the form.
- Trust fund bank statements and reconciliations. Lines that ask for trust funds received and disbursed must tie back to your monthly reconciliations under 10 CCR § 2831.
- Multi-lender (fractionalized) loan files. Any loan with more than one investor under BPC § 10238 must be counted on its own line and supported by RE 854.
- Servicing portfolio reports. The dollar value of loans you service for others belongs on the servicing line, and missing it is the most common threshold trigger.
- Prior-period RE 227. Comparing prior period totals catches typos and prevents the DRE from flagging a sudden, unexplained drop.
- Calendar of reporting deadlines. Quarterly reports are due within 30 days after the quarter ends, and the annual report is due within 90 days after the broker’s fiscal year ends under BPC § 10232.2.
- Threshold worksheet. A simple tally of loans negotiated and dollars serviced confirms whether you crossed the BPC § 10232(a) thresholds.
If any one of these items is missing, stop and find it before you continue. A filed RE 227 with a wrong total is harder to fix than a late RE 227, because the corrected filing draws an audit.
Where to Get the Form and How to Access It
The official PDF lives on the DRE website. Always pull a fresh copy each period, because the DRE updates the form’s revision date when it changes a line. The current version, RE 227 (Rev. 1/22), is available on the DRE forms library and through the dedicated Mortgage Loan Activities page.
Brokers who prefer to file electronically can use the DRE eLicensing portal once they have signed in with their license ID and PIN. The portal accepts the completed PDF as an upload and confirms receipt with a timestamp, which is the broker’s proof of filing. Paper filers print the PDF, complete it in black ink, sign it, and mail it to the address printed on the form.
The form is fillable, so brokers can type into the boxes directly using Adobe Acrobat or any modern PDF reader. Avoid filling it in a browser preview window, because some browsers strip the entries when the file is saved. Save a working copy named with your license number and the period (for example, 01234567_Q1_2026.pdf) so the DRE staff can match it to your file.
If you are a first-time filer, request the RE 227 Instructions (the RE 227A companion) at the same time you download the form. The instructions repeat the statutory references and define every term used on the report, including negotiated, made, and serviced.
Step-by-Step: How to Fill Out Form RE 227 Line by Line
The form has a header block that identifies the broker, a body of numeric lines that capture loan and trust fund activity, and a signature block at the end. Every line maps to a specific statute, and every statute has a consequence for getting it wrong. Use one section of your loan log for each line, and never round to the nearest thousand unless the line itself says to.
Reporting Period (Top of Form)
The reporting period field asks which quarter or fiscal year the report covers. Enter the start date and end date in MM/DD/YYYY format, and check the box that matches the period type. For example, Maria Lopez writes 01/01/2026 and 03/31/2026 and checks “Quarterly.”
If your fiscal year is not the calendar year, the annual report period is your own fiscal year, not the calendar year. A broker whose fiscal year ends June 30 reports July 1 through June 30, and the annual report is due by September 28 of that year.
The most common mistake is checking both Quarterly and Annual on the same form, which causes the DRE to log the report twice and creates a phantom missing filing in the other category. Many brokers also believe the period must match the calendar year, but BPC § 10232.2 ties the annual report to the broker’s fiscal year, not the calendar.
Broker Name and License Number
This field captures the legal name of the broker and the eight-digit DRE license number. Enter the name exactly as it appears on the wall license, including any “Inc.” or “LLC” suffix. Carlos Nguyen, Broker writes Carlos Nguyen on the name line and 01234567 in the license box.
A broker doing business under a fictitious name should still enter the legal name here and put the DBA on the next line. Corporate brokers list the corporation, not the designated officer, on this line.
The most common error is using a DBA on the legal-name line, which the DRE matches against the wrong record and treats as a non-filing for the legal entity. Many brokers also believe the license number can be entered without leading zeros, but the DRE’s database keys on the full eight-digit string and rejects shorter entries.
Mailing Address and Main Office Address
Enter the broker’s main-office street address, city, state, and ZIP code on this line. The address must match the main office listed on the broker’s license, not a branch office, because RE 227 is a corporate-level report. Aisha Patel writes 500 Market St., Suite 400, San Francisco, CA 94105.
If you operate out of a home office, list the home address that the DRE has on file as the main office. P.O. boxes are not accepted because the DRE must be able to serve regulatory mail at a physical location.
The most common mistake is listing a branch address, which the DRE flags as inconsistent with the license record and uses as grounds to send a license-information correction notice. A widespread misconception is that updating the address on RE 227 also updates the license; it does not. You must file an RE 204 for any address change.
Designated Officer (Corporate Brokers Only)
Corporate brokers must list the designated officer’s name and individual license number on this line. The designated officer is the natural person responsible for the entity’s compliance under BPC § 10211. ABC Mortgage, Inc. writes Janet Kim, License 01987654.
Sole proprietor brokers leave this line blank. If the corporation has changed its designated officer during the period, list the officer who held the role on the last day of the period.
The most common mistake is listing the broker-associate instead of the designated officer, which voids the signature on the form. Many corporate filers also believe a corporate officer who is not licensed can sign; only the licensed designated officer’s signature is valid.
Line 1 — Number of Loans Negotiated
Line 1 captures the count of loans you negotiated during the period under BPC § 10131(d). Count one loan per transaction, regardless of how many investors funded it, and include only loans that closed during the period. Marcus Reed enters 14 because he negotiated 14 loans that closed between January and March.
Loans that fell out of escrow do not count, and loans you only referred to another broker do not count. Loans you negotiated but where escrow closed in the next quarter belong on next quarter’s report, not this one.
The most common mistake is double-counting multi-lender loans (one count for each investor), which inflates the figure and triggers a desk audit. A common misconception is that pre-approval letters count as negotiated loans; they do not until escrow closes.
Line 2 — Aggregate Principal Amount of Loans Negotiated
Line 2 reports the total principal of every loan counted on Line 1. Add the original principal balances and enter the sum to the nearest dollar. Marcus Reed’s 14 loans total $5,420,000, which he enters as 5,420,000 with no decimals.
If a loan was modified at closing, use the actual closing principal, not the application principal. Loans denominated in non-U.S. currency are not counted, because RE 227 is a California real-property report.
The most common mistake is entering the loan-amount-after-points instead of the original principal, which understates the volume and can hide a threshold crossing. A common misconception is that second-position loans are excluded; they are included if you negotiated them.
Line 3 — Number of Loans Made From Broker’s Own Funds
Line 3 counts loans you funded from your own capital, as opposed to loans funded by third-party investors. Carlos Nguyen funded two bridge loans personally and enters 2. Loans funded by an entity you control still count if the entity is yours alone.
If you funded only part of a loan and an investor funded the rest, the loan belongs on Line 5 (multi-lender), not here. A loan you bought after closing from another lender is not a loan you “made” for purposes of this line.
The most common error is mixing investor-funded loans into this line, which makes the threshold math impossible. A common misconception is that warehouse-line draws are “broker funds”; they are not, because the warehouse lender holds the legal interest until takeout.
Line 4 — Aggregate Principal of Loans Made From Broker’s Own Funds
Line 4 totals the principal on Line 3. Carlos’s two bridge loans total $850,000, entered as 850,000. Use original principal, not net-of-fees principal.
If a loan on Line 3 was paid off during the same period, it still counts at full original principal because the report measures origination, not balance. Loans where the broker took back a note as seller financing belong here only if the broker was acting as a licensed broker in the transaction.
The most common mistake is netting payoffs against originations, which masks volume. A common misconception is that hard-money loans go on a different line; they belong on Line 3 and Line 4 if the broker funded them.
Line 5 — Number of Multi-Lender (Fractionalized) Loans
Line 5 counts loans funded by more than one investor under BPC § 10238. Each multi-lender loan also requires a supporting RE 854. Janet Kim enters 6 because her firm originated six fractionalized loans in Q1.
Husband-and-wife investors holding title together count as one investor, not two, under DRE practice. Loans with a single institutional investor are not multi-lender, even if the institution is a fund with multiple owners.
The most common mistake is forgetting to attach the RE 854s, which causes the DRE to reject the entire RE 227 packet. A common misconception is that any loan with two LLC members counts; the test is the number of named beneficiaries on the deed of trust.
Line 6 — Aggregate Principal of Multi-Lender Loans
Line 6 totals the principal on the loans counted in Line 5. Janet’s six fractionalized loans total $3,150,000. Use original principal, and do not allocate by investor share.
If any single multi-lender loan exceeded 10 investors, that fact is independently reportable under BPC § 10238(h) and must match the figure on the related RE 854.
The most common mistake is reporting only the broker’s own share of the loan, which understates the figure by orders of magnitude. A common misconception is that the cap on investors is enforced through RE 227; the cap is enforced through BPC § 10238(h) and audits, not the report itself.
Line 7 — Number of Loans Serviced
Line 7 captures the count of loans you serviced for others during the period. Servicing means collecting payments and remitting them to investors under BPC § 10131(e). Aisha Patel services 92 loans for outside investors and enters 92.
Count loans you serviced even for one day during the period. Loans you sub-serviced through another licensed servicer do not count if the master-servicing rights belong to the other firm.
The most common mistake is counting only loans serviced for the full period, which understates volume and can mask a threshold crossing. A common misconception is that “in-house” loans (where the broker owns and services) count here; if you own the note, the loan belongs on Lines 3-4, not Line 7.
Line 8 — Aggregate Principal Balance of Loans Serviced
Line 8 reports the unpaid principal balance of all loans on Line 7 as of the last day of the period. Aisha’s 92 loans had an aggregate UPB of $41,800,000 on March 31. Use the last-day balance, not the average for the period.
If your servicing system reports balance after the cutoff payment, choose either before or after the cutoff and use the same convention every period. Document your choice in your servicing manual.
The most common mistake is using the original principal instead of the unpaid balance, which inflates the figure and may falsely place the broker over a threshold. A common misconception is that REO assets count; they do not, because servicing ended when the property was foreclosed.
Line 9 — Trust Funds Received During the Period
Line 9 totals the dollars deposited into the broker’s trust account on behalf of others during the period under 10 CCR § 2831. Carlos deposits payments and impounds totaling $1,275,400 and enters that figure to the dollar.
The number must tie back to the credit side of the broker’s monthly trust account reconciliations. Wire receipts, ACH credits, and check deposits all count. Funds the broker holds in escrow, not trust, do not count here.
The most common mistake is reporting net trust activity (receipts minus disbursements) instead of gross receipts, which masks the volume and triggers an audit when the bank statements are pulled. A common misconception is that the broker’s commission deposits belong here; they do not once they are earned and transferred to the broker’s general account.
Line 10 — Trust Funds Disbursed During the Period
Line 10 totals dollars paid out of the trust account to investors, lenders, vendors, and the broker. Carlos disbursed $1,260,200 during Q1 and enters that. The figure must match the debit side of the trust account reconciliations.
Internal transfers between trust sub-accounts do not count. Disbursements to the broker as earned commission count when the funds leave the trust account.
The most common mistake is omitting commission transfers, which makes the trust account look unbalanced when the DRE compares Lines 9 and 10. A common misconception is that NSF reversals are netted; they are reported gross with separate offsetting entries.
Line 11 — Trust Account Balance at Period End
Line 11 captures the trust account balance on the last day of the period, after all reconciliations. Aisha enters $385,600, the figure shown on her March 31 reconciliation. The figure must match the bank statement plus or minus reconciling items.
If you maintain more than one trust account, sum the ending balances. Each account must still be individually reconciled under 10 CCR § 2831.1.
The most common mistake is using the bank balance without adjusting for outstanding items, which produces a figure that will not tie to the reconciliation packet. A common misconception is that a near-zero balance excuses the line; even $0.00 is a valid entry that must be written in.
Designated Officer / Broker Signature and Date
The signature block at the bottom of the form must contain the broker’s wet or electronic signature, the printed name, the title, and the date of signing in MM/DD/YYYY format. Janet Kim signs, prints Janet Kim, Designated Officer, and dates 04/12/2026.
For corporate brokers, only the licensed designated officer can sign. For sole proprietors, the broker signs personally. A typed name in the signature line is acceptable for the eLicensing upload only if the portal applied an authentication code.
The most common mistake is leaving the date blank or backdating the signature, both of which invalidate the report. A common misconception is that an office manager or controller can sign on the broker’s behalf; only the licensee may sign.
Three Filled-Out Examples Using Real Scenarios
The three scenarios below show how three different brokers complete the same RE 227 for the quarter ending March 31, 2026. Each table walks through the major sections in order, with the broker’s actual entry on the right.
Scenario 1 — Marcus Reed, Sole Proprietor With Light Activity
Marcus is a single-broker shop in Fresno who arranged a small number of loans for a handful of private investors during Q1.
| Form Section | What Marcus Enters |
|---|---|
| Reporting Period | 01/01/2026 to 03/31/2026, “Quarterly” checked |
| Broker Name and License Number | Marcus Reed, 01122334 |
| Main Office Address | 742 Van Ness Ave., Fresno, CA 93721 |
| Designated Officer | Left blank (sole proprietor) |
| Line 1 — Loans Negotiated | 14 |
| Line 2 — Principal Negotiated | 5,420,000 |
| Line 7 — Loans Serviced | 0 |
| Line 9 — Trust Funds Received | 0 |
| Line 11 — Trust Account Balance | 0.00 |
| Signature and Date | Marcus Reed, 04/10/2026 |
Scenario 2 — ABC Mortgage, Inc., Corporate Threshold Broker
ABC Mortgage is a 12-licensee corporate brokerage in Los Angeles with heavy multi-lender activity, large servicing portfolio, and an active trust account. Janet Kim is the designated officer.
| Form Section | What ABC Mortgage Enters |
|---|---|
| Reporting Period | 01/01/2026 to 03/31/2026, “Quarterly” checked |
| Broker Name and License Number | ABC Mortgage, Inc., 01987654 |
| Main Office Address | 1801 Century Park E., Los Angeles, CA 90067 |
| Designated Officer | Janet Kim, 01876543 |
| Line 5 — Multi-Lender Loans | 6 |
| Line 6 — Multi-Lender Principal | 3,150,000 |
| Line 7 — Loans Serviced | 412 |
| Line 8 — UPB Serviced | 188,400,000 |
| Line 9 — Trust Funds Received | 7,920,500 |
| Line 11 — Trust Account Balance | 612,800 |
| Attachments | RE 853, RE 853A, RE 854 for each fractionalized loan |
| Signature and Date | Janet Kim, Designated Officer, 04/15/2026 |
Scenario 3 — Aisha Patel, “No Activity” Filer
Aisha holds a broker license and is registered with the DRE as a mortgage-loan broker, but she negotiated zero loans in Q1 because she was on extended medical leave.
| Form Section | What Aisha Enters |
|---|---|
| Reporting Period | 01/01/2026 to 03/31/2026, “Quarterly” checked |
| Broker Name and License Number | Aisha Patel, 01445566 |
| Main Office Address | 500 Market St., Suite 400, San Francisco, CA 94105 |
| Line 1 — Loans Negotiated | 0 |
| Line 2 — Principal Negotiated | 0 |
| Line 7 — Loans Serviced | 0 |
| Line 9 — Trust Funds Received | 0 |
| Line 11 — Trust Account Balance | 0.00 |
| Cover Note | “No mortgage loan activity during the reporting period.” |
| Signature and Date | Aisha Patel, 04/05/2026 |
How to File the Completed Form
RE 227 can be filed online through the DRE eLicensing portal or by mail to the Mortgage Loan Activities Unit. There is no filing fee for either channel. Choose one channel per period and stick with it, because dual filings cause duplicate-record alerts.
To file online, log in with your license ID and PIN, choose Mortgage Loan Activities, upload the completed PDF, and save the timestamped confirmation as your proof of filing. Processing time is usually under 5 business days, and the portal posts a “Received” status when the file clears virus scanning.
To file by mail, print the completed form, sign in black ink, and mail to Department of Real Estate, Mortgage Loan Activities, P.O. Box 137007, Sacramento, CA 95813-7007. Send by certified mail with return receipt, because the postmark is the filing date under BPC § 10232.2. Brokers may also drop off the package at the DRE Sacramento headquarters at 1651 Exposition Blvd., Sacramento, CA 95815, and request a date-stamped copy as proof.
Faxing is not accepted for RE 227. Email submissions are also not accepted, because the form contains a wet or authenticated signature that the DRE must capture. Keep your proof of filing for at least three years to match the broker record-keeping rule in 10 CCR § 2729.
What Happens After You File
Within 30 days of receipt, the DRE posts the report to the broker’s license file and runs an automated check against the prior period’s data. If the data is internally consistent and within expected ranges, no further action is taken. If the figures show a sudden swing, a missing attachment, or a threshold crossing, the DRE opens a desk review.
A desk review begins with a written request for backup documents, including bank reconciliations, the loan log, and any RE 854 or RE 853 attachments. Brokers usually have 15 business days to respond. A timely, complete response closes the file with no further action.
If the DRE finds material errors or signs of trust fund misuse, the case escalates to a field audit under BPC § 10148. Field audits can lead to citations, fines, or formal accusations against the broker license. A first-time late filer who responds promptly typically receives a warning letter rather than a citation.
Mistakes to Avoid When Filling Out the Form
The errors below appear on a large share of RE 227 filings each year, and each one has a specific consequence the broker can avoid by slowing down.
- Filing past the 30-day quarterly deadline. The DRE issues a deficiency notice and the broker risks a citation under BPC § 10080.9.
- Using the wrong revision date of the form. The DRE rejects the filing and treats the period as not reported.
- Listing a branch address instead of the main office. The DRE flags the inconsistency and opens a license-record review.
- Mixing the DBA and legal name. The filing posts to the wrong record and the legal entity shows as not filed.
- Skipping the designated officer line on a corporate filing. The signature is invalid and the form is rejected.
- Reporting net trust activity instead of gross. The figures will not tie to bank reconciliations on audit.
- Forgetting to attach RE 854 for multi-lender loans. The whole RE 227 packet is rejected as incomplete.
- Counting referred loans on Line 1. The volume is overstated and creates a phantom threshold crossing.
- Backdating the signature. The form is invalid and may trigger a fraud inquiry.
- Filing both online and by mail for the same period. The DRE creates duplicate records and one is treated as inconsistent data.
- Rounding to the nearest thousand on Line 2 or Line 6. The figures will not tie to the loan log on audit.
- Leaving a “no activity” period unfiled. The DRE treats silence as a missing report and issues a deficiency notice.
Do’s and Don’ts
These quick rules summarize the practices that keep RE 227 filings clean and audit-proof.
- Do download a fresh PDF each period from the DRE forms library, because line numbering and instructions change with revisions.
- Do reconcile your trust account before you fill in Lines 9, 10, and 11, because the DRE compares those numbers to bank reconciliations.
- Do attach every RE 854 for fractionalized loans, because the DRE rejects packets without them.
- Do save a PDF copy of the filed form with your license number in the filename, so audit retrieval is fast.
- Do keep certified-mail receipts for at least three years, because the postmark is the legal filing date.
- Do file a “no activity” report when you have nothing to report, because silence is treated as a missing report.
- Don’t sign the form before all numeric lines are filled, because a signed-but-blank form is invalid and may be treated as fraudulent.
- Don’t use a P.O. Box on the main-office line, because the DRE requires a physical service address.
- Don’t copy last quarter’s numbers without rechecking, because rolling errors compound over time and trigger audits.
- Don’t delegate the signature to an unlicensed manager, because only a licensed broker or designated officer can sign.
- Don’t combine quarterly and annual reporting on a single form, because the DRE logs them as separate filings.
- Don’t assume RE 227 updates your license address, because address changes require a separate RE 204.
Pros and Cons of Filing on Your Own vs. With Help
Brokers can complete RE 227 themselves or hire a compliance consultant or CPA who specializes in DRE filings. The choice usually comes down to volume, complexity, and the broker’s comfort with trust accounting.
Pros of filing on your own:
- No professional fees, which matters most for sole proprietors with light activity.
- Direct knowledge of the loan log, which speeds the data entry.
- Faster turnaround if you know the form and have your reconciliations ready.
- Tighter control over confidential investor data, because no third party touches the file.
- Builds in-house compliance muscle that pays off during audits.
Cons of filing on your own:
- Easy to miss threshold triggers if you do not track BPC § 10232(a) tests carefully.
- Trust fund line errors can snowball into bank reconciliation discrepancies.
- No second set of eyes on multi-lender attachments.
- Newer brokers may misclassify “negotiated” versus “made” loans.
- Time spent learning the form is time away from production.
FAQs
Do I have to file RE 227 if I had no loans this quarter?
Yes. Once the DRE has identified you as a mortgage-loan broker, file a “no activity” report each period to avoid a deficiency notice and possible citation under BPC § 10080.9.
Is there a fee to file RE 227?
No. The DRE does not charge a filing fee for RE 227, whether you file online or by mail.
Can I sign RE 227 electronically?
Yes. Signatures applied through the DRE eLicensing portal are accepted, and Adobe-applied digital signatures are accepted on uploaded PDFs.
Do I write my DBA or my legal name on the broker-name line?
No to the DBA. Use the legal name on file with the DRE, and put the DBA on the next line of the form.
Should Line 1 include loans I only referred to another broker?
No. Count only loans you negotiated, made, or originated yourself, because referral-only loans fall outside BPC § 10131(d).
Do I count loans that closed after the quarter ended on Line 1?
No. Loans count in the period escrow closes, so a loan closing April 2 belongs on the Q2 RE 227, not Q1.
Does the trust account balance on Line 11 include escrow funds?
No. Line 11 reflects only trust funds held under 10 CCR § 2831; third-party escrow holdings are excluded.
Can the controller or office manager sign on the broker’s behalf?
No. Only the licensed broker or the corporate designated officer named on the license may sign RE 227.
What’s the deadline for the annual RE 227?
Yes, there is one. The annual report is due within 90 days after the broker’s fiscal year ends under BPC § 10232.2.
Do I need to file RE 853 if I’m not a threshold broker?
No. RE 853 is required only when broker activity exceeds the thresholds in BPC § 10232(a).
Will filing RE 227 update my license address?
No. Address changes require RE 204; the address on RE 227 is informational and does not update the license record.
Can I file RE 227 by fax or email?
No. The DRE accepts only the eLicensing upload, certified mail, or in-person delivery; fax and email submissions are returned.
What happens if my numbers don’t match my bank reconciliation?
Yes, expect a desk review. The DRE compares Lines 9–11 to bank statements and opens a BPC § 10148 audit if they disagree.
Is RE 227 the same as the Mortgage Call Report I file with the NMLS?
No. The NMLS Mortgage Call Report covers MLO activity nationally, while RE 227 is a DRE-specific filing for California broker activity.
Related reading
- How to Fill Out California Form RE 4053 (w/Examples) + FAQs
- How to Fill Out California Form RE 851 (w/Examples) + FAQs
- How to Fill Out California Form RE 859 (w/Examples) + FAQs
- How to Fill Out California Form RE 4521 (w/Examples) + FAQs
- How to Fill Out California Form RE 891 (w/Examples) + FAQs
- How to Fill Out California Form RE 308 (w/Examples) + FAQs
- How to Fill Out California Form 100 (w/Examples) + FAQs