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.
With new California legislation, it’s now mandatory practice for a buyers broker to enter into an employment agreement with buyer clients before a purchase agreement is submitted.
In re: McKee Facts: A couple purchases a home and vest title as co-owners. They later separate. One co-owner vacates the property and contributes nothing to the maintenance, insurance and property taxes while using a new address for driver’s license and voting...
Campbell v. FPI Management, Inc. Facts: A residential landlord rents a unit in a federally subsidized housing project to a tenant on a month-to-month tenancy. As part of the subsidy program, the landlord agrees to give the tenant at least 30 days’ notice prior to...
Vulcan Lands Inc. v. Older Currier Facts: A seller of land previously excavated for minerals including sand and gravel sells the land to a buyer, reserving a one-half interest in any oil, minerals, gas, or other hydrocarbons excavated under the surface. The...
Greenspan v. County of Los Angeles Facts: A property owner demolishes the improvements on the property and constructs replacement improvements. The county assessor reassesses the property. The county assessor transfers the existing assessed value of the now demolished...
In response to the rent crisis, the state of California passed the Stable Affordable Housing Act of 2023. [Calif. Health and Safety Code §50610]
After years of lawsuits, NAR® has finally agreed to a settlement relegating cooperative compensation to the history books.
Calif. Health and Safety Code §50426
Amended to add subsection (c) by AB 1508
Effective date: January 1, 2024
Calif. Civil Code §1954.53
Amended to add subsection 4(A) by AB 1620
Effective date: January 1, 2024
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.”