Newsletter

Reader, new COVID exposure notification law and your Monthly Statistical Update.

Your first tuesday real estate news
Week of November 2, 2020

Features

New law requires employers to notify employees of possible COVID-19 exposure
Real estate brokers need to be aware of new notification requirements for employees exposed to COVID-19.

Monthly Statistical Update, November 2020
Plummeting interest rates tamp down mortgage rates and send refinances soaring. See what the yield spread forecasts for the recovery.

The Note and Trust Deed Work Together
This video covers notes and trust deeds for the same transaction — one contract to be read mutually.

Vote on it

Does your real estate office have a safety plan in place to protect agents on the job?

Tax Benefits of Ownership: The Mortgage Interest Deduction
Preview the forthcoming edition of Tax Benefits of Ownership with this MID overview.

The labor force participation rate continues to shrink
Having steadily declined since 2009, the labor force participation (LFP) rate plunged in 2020.

SB 1120: the bill that wasn’t
Lawmakers fumble yet another promising housing density bill. What kind of relief can Californians look forward to now?

Welcome to the zoom boom
The coronavirus pandemic is transforming where Californians live and work. Say hello to zoom towns!

Word-of-the-Week: Littoral land
This week's word is all about waterfront property. No splashing!

Brokerage Reminder: The declaration of homestead
Catch up on automatic and declared homesteads in this week's Brokerage Reminder.

Recent Case Decision: Graylee v Castro
May a landlord recover a dollar penalty from a tenant which is unrelated to the landlord’s losses?

California tiered home pricing
Home prices jumped in Los Angeles, San Diego and San Francisco during August 2020.

Current market rates
The average 30-year fixed rate mortgage remained roughly the same in the week ending October 23, 2020, now at 2.81%

form updates this month

NEW 15-Day Notice to Pay Rent with Required COVID-19 Declaration:

— Form 575: with rent-related fees, on defaults from March 1st to August 31st

— Form 575-1: without rent-related fees, on defaults from March 1st to August 31st

— Form 575-2: with rent-related fees, on defaults from September 1st through January 31st

— Form 575-3: without rent-related fees, on defaults from September 1st through January 31st

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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