Fee appraisers are to be compensated by mortgage lenders and their agents at a reasonable rate – but there are exceptions that effectively gut this rule.
Paying appraisers
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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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Latest Articles
CalPaces for Recruiting: Soliciting prospective hires
This is the second article in our series covering broker recruitment strategies. This article details the main types of hires available to a broker, provides techniques to solicit prospective talent and advises on how to alter the solicitation approach depending upon the type of hire. The first article covers the creation and maintenance of a broker’s recruiting plan and goals.
Changes to agent fees following the NAR® lawsuit
What changes are ahead following the landmark lawsuit against NAR?
Using the yield spread to forecast recessions and recoveries
The yield spread indicates the likelihood of a recession or recovery one year forward.
CalPaces for Recruiting: A broker’s recruiting plan
This is the first article in our series covering broker recruitment strategies. This article details how a broker’s business model, recruiting plan and recruiting goals are developed and maintained to help a brokerage function at its highest capacity and avoid becoming a stagnate office.
Updates coming to Environmental Hazards Booklet handed to buyers
A new law requires three new sections to be added to the Environmental Hazards booklet.
Mortgage Concepts: Timelines for lender RESPA disclosures
This video covers delivery of the Loan Estimate and Closing Disclosure.
Mortgage Concepts: Regulation of Appraisal Management Companies, a middleman for appraiser independence from lenders
Learn how AMCs operate in California to maintain appraiser independence.
Sales volume trends, from a weak year; Monthly Statistical Update (December 2023)
Sales volume after 2023’s puny seasonal bounce; Sales volume is weakening, but a recovery lurks; MLS inventory flatlines, buyers and sellers wait
Errata & Updates
- 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