Appraisers are bound to report the home’s value as they see it, not as the buyer and seller see it.
Appraisers struggle to keep up with 2021’s hot market
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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
“Coming Soon” to your local MLS: pocket listings
Agents may now use a new status for multiple listing service (MLS) listings called Coming Soon. But how much does it encourage underhanded tactics?
California 2020-2021 DRE extensions, explained
The end of the California DRE extensions is fast approaching.
Rising interest rates are primed to pop the home price bubble; Monthly Statistical Update (May 2021)
Mortgage rates rise from historic lows; Pre-2021 rise in buyer purchasing power is done; Home prices are in bubble territory, again
They made how much? Antitrust lawsuit to make real estate fees public
The fee amounts earned as a part of real estate transactions will soon become public knowledge.
DRE Hot Seat: Broker’s criminal activities “substantially related” to real estate license
This article is part of an ongoing series covering violations of real estate law. Here, a broker caught up in an insurance wire fraud scheme had his licensed revoked as a result of his criminal conviction.
Case in point: Does the price paid at a trustee’s foreclosure sale establish a property’s fair market value (FMV)?
An in-depth look into fair market value, assessment and the newest tax laws in California.
Press Release: Q1 2021 Buyer Purchasing Power Index declines with rising interest rates
The Buyer Purchasing Power Index (BPPI) was +5.2 in March 2021.
Mortgage rates drive buyer purchasing power
How will home prices change over the next 20 years? The answer is in the Buyer Purchasing Power Index, which demonstrates how interest rate changes affect buyer funds, and in turn home pricing.