Avoid premature termination when purchase agreement objectives can be met by extending dates.
Extending performance dates to attain purchase agreement objectives
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Real Estate Principles: Video™
A dynamic and multimedia collection of fundamental real estate concepts – step into the future of learning.
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Recent updates to the course e-book
- Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
Time to perform as staging a cancellation
Learn when a buyer or seller may exercise their right to cancel the purchase agreement and terminate the transaction.
The Appraisal Foundation urged to revise their Ethics Rule for appraisers
The Appraisal Foundation, responsible for updating the Uniform Standards of Professional Appraisal Practice, has revised their Ethics Rule at the request of federal regulators.
Press Release: Q1 2023 Buyer Purchasing Power Index down 23% from a year earlier
A homebuyer with the same income is able to borrow 23% less purchase-assist mortgage money than a year ago due to interest rate hikes alone.
Market price influencers for a BPO report
Learn about the factors influencing a broker’s price opinion (BPO) report, including the property’s location, natural hazards and local ordinances.
Home sales volume finds a new low, ARMs no longer an option to extend purchasing power; Monthly Statistical Update (April 2023)
Home sales volume in the basement; FRM rates to fall back in 2023 — but not yet; ARM rates crossover the FRM rate
DRE Hot Seat: Trust funds require constant upkeep
This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a broker who did not properly maintain trust fund records, and allowed the unauthorized withdrawal of trust funds.
California’s population is shortchanged on financial literacy
What buyers don’t know when boom times become recessions can’t hurt them, right? Wrong!
Communicating with home inspectors
The real estate agent and home inspector are crucial figures in a home for sale — but do they need to get along?