Imagine you were able to ask the California Bureau of Real Estate (CalBRE) any question you wanted. What would you ask?
You’re in luck! We’re collecting questions from our readers for our annual feature, Ask CalBRE. Share your most burning questions for CalBRE in the comments below, and watch for the agency’s response in the next couple of weeks.
my realtor failed me. He did not disclose to me the well agreement covered the original well that was abandoned over 30 years ago by the neighbor sharing the well. that they drilled a newer well in 1980s and did not do an addendum to carry the legal water rights to the newer well. this property has no legal water rights . this realtor misrepresented well water test report for well inspection and septic flow test for septic inspection and countered out the well and septic. He misrepresented these reports to me and to the lending agency to get $650,000.
His referred industry expert home inspector failed to report a light left in the crawl space for the marginal work on the sill plate. this was discovered when the fire place separated from the wall and the structural engineer reported $80,000 worth of damage to the foundation. He did not disclose to me that the county records indicated a repair to the septic tank in1970s this tank in need of $13,000 replacement cost. The roof leaked 3 days after the key was turned into my hands and the replacement cost of that was 1/3 of my retirement about $30,000. He covered up the purported boundary between 2 properties by telling me that there was no survey done when the boundary was surveyed in 2014 to fulfill an administrative hearing judgement. the property was red tagged . I have tried to reason with the realtor, DRE, and the rest of the professionals. no one listens.
the home appraiser valued a car/ carport for $47,125 when there is no carport ton the property or on the appraisal report. He valued an at mold infested metal shed for $50,000 .
I have talked to deputy commissioner and the investigative unit in Fresno has been shuffling papers for over a year with still no resolution. I need help.
Does the KLA form supersede the lease agreement or is it in “addition to”?
Please consider bifurcating the real estate license between residential and commercial. When taking the sales and broker exams, I saw that the tests had absolutely nothing to do with commercial, which I specialize in. If I take a test on my residential knowledge and pass, it does not tell the public that I can handle their commercial transaction. Now that I have a broker’s license, it does not mean I am capable of handling a residential transaction. The practice of residential and commercial real estate is COMPLETELY DIFFERENT.
Does CalBRE have a list of forms and disclosures that are legally mandated by the State of California to use in every sale of residential properties (1-4 Units)? Who decides which forms are “mandatory”…the State, County, City, CAR, or the Selling Broker, or a combination of all???
Don’t most flippers/wholesalers need a real estate license? They seem to do many of the same actions that call for needing a real estate license in California yet they seem to skirt needing one because they are acting as a ‘principal’ or have a ‘equity interest’.