[Name], inflated home prices, market recovery and URLA borrower information.  

Your first tuesday real estate news
Week of June 8, 2020

Brokerage Reminder: Trust fund(amentals)
Brush up on the basics of trust fund rules and regulations.

Letter to the editor: Out-of-state real estate transactions
When may a broker receive a fee for assisting a client in an out-of-state real estate transaction?

Legislative Gossip Update, June 2020
California's latest proposed legislation on online notaries and voided CID provisions.

Sacramento County housing indicators
Sacramento's homeownership rate as of Q1 2020 is 59%, well beyond the statewide average.

San Francisco housing indicators
As of Q1 2020, San Francisco's homeownership rate is just above 51%.

Current market rates
The average 30-year fixed rate mortgage remained roughly level in the week ending June 5, 2020, now at 3.18%.

Form udpates  form updates this month
 

Coming soon! A new series of Tenant Protection Act (TPA) forms will be published on the RPI Forms Download page in the coming weeks. The new forms are used by landlords of properties subject to AB 1482 which limits annual rent increases to 5% plus the rate of inflation, and requires “just cause” to evict tenants who have occupied a unit for 12 months or more. An exhaustive article will be published in conjunction with the release of the new forms.

 

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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