[Name], rising home prices, inflation and the conflicts of interest under less common listing agreements.  

Your firsttuesday real estate news
Week of March 21, 2022

Mortgage applications rise even as interest rates jump
Mortgage rates are increasing yet again, and homebuyers are rushing their applications.

MLO Mentor: The Federal Credit Reporting Act
Review the history and purpose of the Fair Credit Reporting Act, including the required disclosures.

Form-of-the-Week: Conflict of Interest and Compensation Disclosures
Disclose your terms with confidence using RPI Forms 527 and 119.

Renters optimistic to move in 2022 — but turnover is low
Renters are ready to move, but limited inventory won't magically change overnight.

Brokerage Reminder: Bone up on property profiles
Preparing a property profile will help avoid this last-minute, deal-breaking surprise.

Recent Case Decision: SW Fair Housing Council v. Maricopa Water
May a water district impose higher security deposits in public housing?

Jobs move real estate
Jobs in California are still 690,000 or 3.9% below the pre-recession December 2019 peak.

Using the yield spread to forecast recessions and recoveries
In February 2022, the yield spread averaged +1.61.

Current market rates
The average 30-year fixed rate mortgage surged to 4.16% in the week ending March 18, 2022, continuing this year's upward run.

Form udpates  RPI Form Updates
 

Form 306: Property Expense Profile

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.

 

This email was sent to: [Email]

Update your email Unsubscribe
DRE Sponsor No. 0473 / S0110
NMLS Course Provider No. 1400986

Notary Vendor No. 606332 / 306333  

Copyright © 2022 firsttuesday
PO Box 5707, Riverside, CA 92517
9
51.781.7300 

Share the newsletter: