10/09/2026
A “guaranteed” loan or “refundable” upfront fee may sound reassuring, but it could be a warning sign.
The California Department of Real Estate (DRE) is urging consumers and real estate professionals to watch for advance-fee loan scams. In these schemes, someone may promise special financing or guaranteed approval, collect an upfront fee and then make the fee nonrefundable, delay the process or say the consumer no longer qualifies.
Slow down, ask questions and verify the license before providing money. If you’re unsure about a request, talk with your REALTOR® or contact the DRE.
Learn more in the DRE Consumer Alert at https://tinyurl.com/3cv7dd9t.