The faltering recovery progress for jobs; Low labor force participation continues; Construction recovery hampered
Construction awaits a full jobs recovery; Monthly Statistical Update (December 2021)
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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
Mortgage Concepts: When is the credit exception notice used?
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses circumstances that require the issuances of the credit exception notice. For course credit toward renewing your NMLS license, visit firsttuesday.us.
Brokerage Reminder: Unlicensed assistants and finders – supervision required
Brokers who hire unlicensed assistants and finders need to continuously supervise their employees and adhere to Department of Real Estate (DRE) guidelines.
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.
Buyer purchasing power goes negative, reigning in home sales volume and prices; Monthly Statistical Update (November 2021)
Home sales volume jumped — past to present; Pandemic-primed home prices now ripe to pop; Buyer purchasing power turns against home sales
Close-up: Sellers in 2021
Who is selling in 2021?
New law requires implicit bias training for real estate professionals
Implicit bias training will be incorporated in both pre-licensing and continuing education courses beginning in 2023.
Tight zoning and low inventory fuel wildfire risk
Low inventory and zoning restrictions incentivize builders to develop in hazardous, fire prone areas.
Career Coach: first-time homebuyer considerations
The following is an excerpt from the new edition of the firsttuesday Career Manual, a best practices guide to help new real estate licensees establish their personal brands and boost income. In this excerpt, we discuss considerations for agents when dealing with first-time homebuyers.