AB 288 expands what type of property owners may use Revocable Transfer on Death (TOD) Deeds, and clarifies the procedure when a Revocable TOD Deed conflicts with another deed.
New law simplifies, expands Revocable Transfer on Death Deeds
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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.
Latest Articles
May a debtor in bankruptcy claim a wildcard exemption for their vested interest in a property after the debtor initially denied holding any interest in the property?
In re Guevarra
Is an owner of commercial property entitled to insurance coverage for loss of the functional use of their property caused by a pandemic-related government closure order when the insurance policy excludes coverage for loss caused by a virus?
Starlight Cinemas, Inc. v. Mass. Bay Ins. Co.
DRE Hot Seat: Failure to report felonies and website advertisement blunders
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 who failed to report felony charges brought against them, advertised real estate services on their website while not in good legal standing with the Secretary of State, and failed to disclose required information in their website advertisements.
Form-of-the-Week: The option to buy and its variations — Forms 161, 161-1 and 161-2
A leasing or sales agent uses RPI Forms 161, 161-1 and 161-2 when arranging an option to purchase property.
Is the owner of a property used for sporting events entitled to an exclusion from assessed value an allocation for future functional obsolescence?
Joaquín Torres v. San Francisco Assessment Appeals Board No. 1
Is a developer entitled to exclude from assessed value of a property the income received from subsidies and a property operator’s agreement?
Olympic and Georgia Partners, LLC v. County of Los Angeles
California is experiencing unlawful telemarketing practices — are you in compliance?
California’s attorney general recently announced a crackdown on illegal telemarketing.
An evaluation of streamlined housing production under SB 35 after five years
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.
Errata & Updates
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.”