[Name], dwindling household savings, rising home equity and an agent's right to a fee.  

Your firsttuesday real estate news
Week of January 24, 2022

Form-of-the-Week: Employment Agreements
RPI Forms 507 and 510 assist brokers employing a transaction coordinator or office manager.

Mortgage Concepts: When can a borrower cancel FHA mortgage insurance?
This video helps get your borrower clients out of FHA mortgage insurance.

MLO Mentor: Different types of ARMs
Review the different types and features of adjustable-rate mortgages in the latest installment of MLO Mentor.

California rent skyrocketed in 2021, and it’s not letting up
Rapidly rising rents plague California — and aren't likely to balance out for years.

California’s homelessness crisis: Vacant hotels can house the unhoused
These Sacramento hotels aim to create permanent housing for the unhoused.

New last name California law allows advertising leniency for licensees
A new California law allows some slack on advertising rules for licensees.

DFPI Bulletin Digest: January 2022
The January 2022 DFPI Bulletin focuses on the Department's budget and mortgage relief programs.

Los Angeles housing indicators
As of November 2021, year-to-date home sales volume is a significant 30% above a year earlier.

Current market rates
The average 30-year fixed rate mortgage increased to 3.60% in the week ending January 21, 2021.

Form udpates  RPI Form Updates
 

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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