Amy Platero | firsttuesday Journal

An evaluation of streamlined housing production under SB 35 after five years

Posted by Amy Platero | Aug 18, 2023 | Economics, Laws and Regulations, Real Estate |

Senate Bill 35 was introduced in 2018 to help boost low-income housing inventory. As an extension of the bill makes its rounds in the state legislature, now is a good time to review its track record.

Form-of-the-Week: Termination of Lease & Surrender Agreement and Notice of Temporary Displacement — Forms 587 and 588

Posted by Amy Platero | Aug 17, 2023 | Forms, Property Management, Real Estate |

A property manager or landlord uses RPI Form 587 to mutually terminate a lease agreement and RPI Form 588 to notify a tenant of a temporary displacement due to invasive repairs or fumigation work that requires them to temporarily move out.

SoCal commercial vacancy rates continue to rise in Q2 2023

Posted by Amy Platero | Aug 7, 2023 | Commercial, first tuesday Local, Inland Empire, Los Angeles-Santa Barbara-Ventura, Orange County, Real Estate, San Diego |

Southern California’s commercial market softened even further in the second quarter of 2023.

Form-of-the-Week: Preliminary Proposal and Exchange Agreement — Forms 170 and 171

Posted by Amy Platero | Aug 7, 2023 | Finance, Forms, Real Estate, Tax |

An agent uses RPI Forms 170 and 171 to propose an exchange of properties to another agent and to negotiate the exchange of properties.

DRE Hot Seat: Failure to disburse trust funds to the owner of funds

Posted by Amy Platero | Aug 4, 2023 | Fundamentals, Licensing and Education, Property Management, Real Estate, Your Practice |

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a broker acting as a property manager who collected trust funds on behalf of landlords they represented and failed to disburse the trust funds to the landlords as required.