Learn how to counter an offer with a purchase agreement calling for the buyer to pay the broker fee and avoid claims of tortious interference.
Counteroffers — practice dictated by buyer representation agreements
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Legal Aspects of Real Estate
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![Form-of-the-Week: Purchase Agreement — for One-to-Four Residential Property — with Buyer Broker Fee Provision [RPI Form 150]](https://journal.firsttuesday.us/wp-content/uploads/purchase-agreement-1-400x250.jpg)
Form-of-the-Week: Purchase Agreement — for One-to-Four Residential Property — with Buyer Broker Fee Provision [RPI Form 150]
A buyer agent uses RPI Form 150 when preparing an offer for their buyer to purchase one-to-four unit residential property with a fee provision for disbursing the buyer broker fee from the purchase price.
Mobilehome park management may not remove a vehicle from a driveway or designated parking space when the vehicle is used for work or employment
A mobilehome park manager may tow a vehicle that violates park rules, unless it is a vehicle required for work or employment.
DRE Bulletin Digest: Summer 2024
The DRE’s Real Estate Bulletin keeps licensees informed on new codes and regulations significant to real estate practice, common violations of real estate rules of conduct, and real estate education opportunities.
Is an insurer liable for loss of a tenant’s business income when operations are suspended due to the COVID-19 lockdown?
California Supreme Court holds the insurer is not liable for lockdown income loss.
California’s turnover rate ice cold in 2024
California’s homeowner turnover rate is the lowest it’s been in years, showing just how frigid California’s housing market is in 2024.
FOTW: Buyer Representation Agreements and Renewals — Forms 103.1, 103.2, 103.1A and 103.2A
Always enter into a written employment agreement with the buyer using RPI Forms 103.1 and 103.2. Renew or extend the retainer period with RPI Form 103.1A or 103.2A.
Buyer Representation Agreements: The end of the “gold standard”
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.
May a co-owner of a home in bankruptcy claim a homestead exemption when they are not occupying the property?
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...
Errata & Updates
- In Chapter 25, references to “a intervivos trust” should be “an intervivos trust.”
- In Chapter 33, in the third bullet point beginning “55 or older with an annual income…”, $15,000
should be $25,000 and $20,000 should be $35,000. - Answer Key for Quiz 9, Question 2. The correct answer should be “d.”, not “c.