Bankruptcy numbers were artificially low in 2020-2021. Prepare for today’s zombie businesses to fold as the economy stalls.
Bankruptcy’s tie to homeownership
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Due Diligence and Disclosures
Get the most for your clients and protect your hard-earned fee by reviewing the forms you’ll encounter in brokerage services. Stay current on the latest news, videos, forms, and updates for Due Diligence and Disclosures.
Recent updates to the course e-book
Chapter 2: The MLS environment. The updated statutory Agency Law Disclosure
and confirmation provision went into effect the beginning of 2019. Both the
content of the form and when it is to be used have been modified. For a
thorough analysis of the new disclosure and confirmation practices, see the
January 2019 article, What you need to know about the refreshed – and mostly
improved – Agency Law Disclosure.
Chapter 32: The breaching buyer’s responsibilities. The first subhead on page
350 should read “Interest depends on property use.”
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
Pet addendum needs to be disclosed with the rental application
Beginning April 2027, California law requires a landlord to disclose their pet addendum on their property website, online advertisements and rental search engines and upon delivering a prospective tenant a rental application.
Natural hazard disclosures by the seller agent
Learn the various types of natural hazards which sellers disclose to buyers, how to comply with seller disclosures of natural hazards and mitigate agent liability by using a natural hazard expert to investigate the public record for known hazards unknown to the agent.
Marketing condominium units
Learn the use restrictions and operating conditions placed on conduct in HOA communities, the obligations and assessments imposed on an owner of a unit in a CID and how a seller agent requests CID documents concerning use restrictions and HOA finances from the HOA for delivery to prospective buyers when marketing a CID unit for sale.
Preserving mobilehome and RV parks while California builds denser housing
A new law limits application of laws that promote dense transit-oriented housing by prohibiting construction on sites near transit stop zones governed by mobilehome or RV park regulations.
Structural pest control reports and repairs
Learn how to manage a Structural Pest Control (SPC) report provider in real estate transactions and advise sellers and buyers on the disclosure of structural pests in the SPC report.
Form-of-the-Week: Purchase agreement addenda for buyer agent — Forms 260, 261 and 266
A buyer agent uses RPI Form 260, 261 and 266 to determine the status of property conditions about whether the roof is adequate, hazard insurance is available and the purchase price is reasonably related to the property’s fair market value.
Lead-based paint disclosures
Learn about the federal lead-based paint disclosure and how to timely disclose to buyers the existence of a lead-based paint hazard on residential properties built prior to 1978.
New defensible space rules to harden improvements
New defensible space rules aim to protect suburban and rural homes from high wildfire risk.
