The December 2021 DFPI Bulletin focuses on new state laws affecting licensees and the 2021-22 escrow special assessment, among other topics.
DFPI Bulletin Digest: December 2021
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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.
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New California law to increase density
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New law to allow ADUs to be sold separately from main residence
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MLO Mentor: Section 32 coverage tests
This MLO Mentor guide helps you quickly identify when a loan falls under Section 32 requirements. Enroll in firsttuesday’s 8-Hour NMLS CE to renew your California mortgage loan originator license and learn more about Section 32 loans in your practice. The Home...
May an adverse possessor acquire title to a property when the underlying ownership of the property changes during the period of possession?
Bailey v. Citibank, N.A.
Freddie Mac study bares ugly truth of racial appraisal gap
Despite all efforts to make appraisals fair, equitable and based on facts, racial appraisal gaps persist — leading to a pervasive wealth gap.
Can a residential landlord evict a tenant when a certificate of occupancy has not been issued for the unit?
Yanez v. Vasquez
Rent or food — you pick
In August 2021, the typical U.S. renter household spent 30.3% of its income on rent, just over the 30% threshold at which a household is considered rent burdened.