Newsletter

Reader, agent compensation, your Monthly Statistical Update and risky open listing agreements.

Your firsttuesday real estate news
Week of March 7, 2022

Features

Agent paychecks soar — but agent fee rates plunge in 2021
Agents are accepting lower rates to reap the benefits of exclusive listings.

Monthly Statistical Update: March 2022
Home sales got a brief boost in 2021, but residential construction is still not meeting demand.

Open Listing: a Unilateral Contract
This video offers a deeper dive into a broker’s best-effort obligations arising under an open listing.

Vote on it

How many homes for sale today have mortgages that are delinquent on payments?

January 2022 California home sales volume declines
California's home sales volume resumed its seasonal patterns in January 2022.

Form-of-the-Week: Purchase Agreement variations
RPI Forms 154 and 150-3 cover highly specialized and principal-to-principal transactions.

Mortgage Concepts: Common fraud schemes, Part 3
This video wraps up mortgage fraud schemes licensees encounter in their practice.

Video Renewal Course: Real Estate Made Reel

Binge watch your real estate CE in 2022

Streaming is the new reading. Introducing firsttuesday's Video Renewal Course: Real Estate Made Reel.

Click here to preview of California's first — and only — DRE-approved video-based renewal experience.

Enroll in future of DRE Continuing Education today.

The votes are in: What direction do you sense home prices will go in 2022?
Readers are split on 2022's home prices.

MLO Mentor: The Home Mortgage Disclosure Act
Learn how HMDA helps protect consumers by monitoring mortgage lending trends.

Brokerage Reminder: Don’t forget the home warranty!
Eliminate the headaches and high costs associated with unexpected breakdowns.

San Jose’s mixed-use development boosts BART access
Learn how San Jose’s transit village is growing.

California tiered home pricing
Home prices continued to increase across all tiers in California's major metros.

Current market rates
The average 30-year fixed rate mortgage fell back to 3.76% in the week ending March 4, 2022.

RPI Form Updates

— Form 306: Property Expense Profile

— Form 550: Residential Lease Agreement

— Form 551: Residential Rental Agreement (Month-to-Month)

— NEW Form 564-1: Information on Dampness and Mold for Renters in California

— NEW Form 564-2: Información Sobre la Humedad y el Moho para Inquilinos en California

To access all updated forms, view our RPI Forms library here.
Click on Download the Full Forms Library to download our entire catalog.

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