The Broker Referral Fee Agreement acts as documentation for the referral fee, which is not fully clarified in an oral agreement.
Form of the week: Broker Referral and Finder’s Fee Agreements – Forms 114 and 115
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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
2020’s Tenant Protection Act Part II: Rent caps
The TPA enacts a limitation on rent increases for residential rental properties.
2020’s Tenant Protection Act Part I: Just cause eviction
This article is part I of a two-part series covering California’s Tenant Protection Act.
California further extends DRE licensing, exam, continuing education deadlines
On June 15, 2020, Governor Newsom granted another 60-day extension for California Department of Real Estate (DRE) licensees and exam applicants.
2020 ballot initiative seeks to expand rent control in California
Rent control is up for debate again.
Letter to the editor: When may a broker receive a fee for assisting a client in an out-of-state real estate transaction?
The answer depends on the state within which the property is located.
Digital advertising: A compliance hot spot for brokers
Real Estate Compliance Consultant and former Department of Real Estate (DRE) Investigator, Summer Goralik, shares advice on complying digital advertising regulations in 2020. Visit the original post on her blog here.
California’s definition of “essential service” has shifted for real estate professionals
Even as millions of residents continue to shelter in place across California, a few industries have been identified as critical to keeping life going during the coronavirus (COVID-19) pandemic. The following real estate and real estate adjacent professionals are...
How legislation is helping brokerages, homeowners and renters during COVID-19
This article is Part I in a series explaining the legal assistance offered to individuals impacted by the novel coronavirus (COVID-19), relating to real estate and the housing market.