A buyer’s agent who gives the buyer their opinion needs to take steps to assure the buyer investigates and expertly analyzes relevant information to confirm their opinion and keep it from becoming an actionable assurance if the event fails to occur as predicted.Read More
Author: Fernando Nunez
Creative financing vs. creative chaos To properly document the terms of seller carryback financing in a sale of real estate, one of two sets of forms is used: a note and trust deed, to evidence and secure the balance of the price remaining to be paid to the seller following the buyer’s down payment and a grant deed conveyance, whether or not the property is encumbered by an existing mortgage lien; or an all-inclusive note and trust deed (AITD), to evidence and secure the balance of the price remaining to be paid to the seller after the buyer makes...Read More
Administrative and nondiscretionary duties Brokers licensed by the California Bureau of Real Estate (CalBRE) may hire unlicensed assistants to perform administrative activities on their behalf and on behalf of their agents. Further, a broker who manages transient housing or apartment complexes may hire unlicensed assistants to perform administrative and nondiscretionary duties. All of these unlicensed assistants act only under the broker’s supervision and control. [Calif. Business and Professions Code §10131.01(a); see RPI Form 507] When assisting a broker who originates consumer mortgages, an unlicensed assistant may perform administrative duties, such as information gathering and loan processing — activities which...Read More
When the permit status of a home improvement is unknown due to the seller’s lack of knowledge, it then becomes the buyer’s agent’s responsibility to advise of the concern or further investigate any improvements in question.Read More
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- rick The political crooks are always trying to corrupt prop 13. Everyone should join the Howard Jarvis website to support prop 13. Before prop 13 whenever... – California’s Prop 13 is broken
- rick I agree with you. The political crooks are always trying to corrupt prop 13. Before prop 13 whenever the government needed money, which is always,... – California’s Prop 13 is broken
- Shopping website In a modern day shopping website is great to get our desire requirements to find out and I’m so glad with this site on the... – Tech Corner: Google’s new mortgage shopping tool
- Jim Morse Proper 13 is a very , very GOOD thing. The more money in the hands of anyone, and this includes Sacramento, the more ways one... – California’s Prop 13 is broken
- Frank Whenever new agents ask about materials for their exam, I would always refer first tuesday without even thinking about it. No more. – California’s Prop 13 is broken
- Jack The author is typical of the liberal entitled generation who feels that Californians can continue living off the government by increasing taxes instead of de-funding... – California’s Prop 13 is broken
- John Pursell Ian, You have good intentions, but fail to understand that commercial and industrial property does not move in the same manner as residential property. An... – California’s Prop 13 is broken
- John Pursell Yes, we have a Snowflake vs a Despicable . You haven't made any money until you sell the property-----------so the taxed go up when that... – California’s Prop 13 is broken
- G. West And another thing, there is no state in the US that needs this protection as much as California because CALPERS is underfunded to the tune... – California’s Prop 13 is broken
[M]ost people join CAR in order to obtain the forms, not for the other services. And if there were any viable choices for agents, CAR would immediately suffer as much as a 40% to 50% loss in membership. […] CAR owns the “for profit” company that produces their software, with top officers in CAR sitting in top management spots in ZipLogix. This is the living, breathing definition of a conflict of interest. […] On their website they parade their forms software as “free” when cost of their forms software for non-members as a percentage of their actual membership cost speaks for itself.
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