[Name], sales volume, new affordable housing laws and the Notice of Nonresponsibility.  

Your firsttuesday real estate news
Week of January 10, 2022

Bidding wars decline nationally, remain high in California
Bidding wars in California's largest metros have cooled from white hot to just plain hot.

The homeowner becomes the builder
Illegal backyard conversions are proving to be a significant source of informal housing for Californians.

Form-of-the-Week: Agent Interview, and Employment Agreements
Let RPI Forms 500, 505 and 506 set the foundation for your agent recruitment strategy.

Mortgage Concepts: Is my loan subject to RESPA?
This Mortgage Concepts video outlines the criteria for loans subject to the Real Estate Settlement Procedures Act (RESPA).

MLO Mentor: Telemarketing and Consumer Fraud
Don't hang up yet! Review the rules of the Telemarketing and Consumer Fraud and Abuse Prevention Act.

Recent Case Decision: Pearce v. Briggs
Is a will distributing a fractional ownership interest undermined when the deceased did not sever the joint tenancy co-ownership?

Jobs move real estate
California employment gained ground in November 2021, now 846,000 jobs above a year earlier.

Q4 2021 Buyer Purchasing Power goes negative
The California Buyer Purchasing Power Index (BPPI) figure declined to -5.0 in December 2021.

Current market rates
The average 30-year fixed rate mortgage increased to 3.22% in the week ending January 7, 2021. The average 15-year FRM increased to 2.43%.

Form udpates  RPI Form Updates
 

Form 550: Residential Lease Agreement

Form 551: Residential Rental Agreeement (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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