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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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
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.