When is a buyer or seller entitled to exercise their right to cancel a purchase agreement and escrow instructions?
Cancellation excuses further performance
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Real Estate Principles
Prepare for the most critical issues you’ll encounter in your first years of practice.
Stay current on the latest news, videos, forms, and updates for Real Estate Principles.
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
Help wanted: diversity in real estate appraiser industry
The real estate industry needs diverse representation to reflect its diverse group of clients — appraisers included.
Underwater homes, reduced construction starts spell change for California’s active agent population; Monthly Statistical Update (March 2023)
https://vimeo.com/802054438 The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions. This month, we’re covering: the share of California’s mortgaged homes underwater, now inching higher...
Verify seller’s property disclosures: retain a home inspector
How a buyer confirms the disclosure of property conditions – and how the buyer may require the seller to correct defects, adjust the sales price, or recover costs after closing.
The many pitfalls of pocket listings
The risky business of pocket listings are dangerous for sellers, buyers — and brokers.
A home inspection report: the liability shield for a seller’s broker
A home inspection report is used by a seller’s broker to shift the risks of non-disclosure liability in their use of a seller’s Transfer Disclosure Statement.
A property’s energy consumption: Part 2: Marketing a property’s energy use
How seller’s agents can market a home’s energy use, from a green home to an energy-sucking fixer-upper.
Poll: Have you or your clients experienced appraiser discrimination?
Implicit bias in the appraisal industry drags down the housing market.
A property’s energy consumption: known and demanded in a recession: Part 1
During a recession, buyers have the luxury to pick over every aspect of a home – including its energy costs.