Today’s sobered homebuyers have greater liberty to leverage home defects to justify a price cut than they did the last two years.
Home defects face greater scrutiny in 2022’s cooling market
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Legal Aspects of Real Estate
Back up your sales acumen by diving into the legal aspects of California real estate.
Stay current on the latest news, videos, forms, and updates for Legal Aspects of Real Estate.
Recent updates to the course e-book
- 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.
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
Failing to qualify, or just cold feet? More homebuyers backing out of deals in 2022
June 2022 saw the most escrow cancellations since the 2020 pandemic disruption.
Landlords nationwide plan rent increases over the next year
California’s cost-burdened tenants will need to tighten their belts another notch since nearly three quarters of landlords plan to increase rent over the next year.
Form-of-the-Week: Transfer Disclosure Statement, Unique Factors and Conditions Affecting Property and Seller’s Neighborhood Security Disclosure — Forms 304, 308 and 321
A seller’s agent discloses the existence of unique external factors or conditions affecting a property’s desirability or security conditions surrounding a property with RPI Forms 304, 308 and 321.
White House addresses the housing crisis with a new plan
Local agencies and larger government entities are battling it out over zoning and land use policies.
DFPI Bulletin Digest: July 2022
The July 2022 DFPI Bulletin focuses on small business financing disclosures, proposed rules on commercial financial products, and the 2022-2023 assessment rates for financial institutions, among other topics.
When you can expect to access the extra CE required to renew your California real estate license
The new course requirements will apply to real estate agents and brokers with licenses expiring on or after January 1, 2023.
California’s new housing strike force prepares for battle — with NIMBYs
California’s housing shortage is the latest battleground between state-led initiatives and local governments.
Buyer breach of contract in a decreasing price environment: Seller remedies
Things get messy when a buyer breaches a contract. Buyers and sellers alike ought to understand the legal ramifications involved.