A leasing or sales agent uses RPI Forms 161, 161-1 and 161-2 when arranging an option to purchase property.
Form-of-the-Week: The option to buy and its variations — Forms 161, 161-1 and 161-2
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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
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.
May a landlord maintain an unlawful detainer (UD) action against a month-to-month tenant who remains in possession following expiration of a notice of intent to vacate when the unit is subject to a rent control ordinance?
Roxbury Lane LP, v. Benjamin Harris
Does an owner’s renovation and conversion of residential improvements into multiple units qualify for an exemption to a rent control ordinance as a new construction project?
NCR Properties LP, v. City of Berkeley
Disclosure of termite inspection reports: a compliance wake-up call for real estate licensees
Real Estate Compliance Consultant Summer Goralik reminds agents of the proper handling of termite inspection reports.
May a mortgage lender foreclose on the secured property to collect on a debt discharged by a bankruptcy court?
In re: Gerald N. Reed