The belief that real estate agents must be silent on the tax aspects of a sale persists among our readers.
The votes are in: agents cannot provide tax advice?
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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
POLL: Do you plan to let your license expire?
This poll will close on February 12, 2018.
The impact of home sales and inventory on agent and broker population; Monthly Statistical Update (February 2018)
Inventory stalls; Home sales volume still flat; Active agent and broker numbers set to rise
POLLS: CAR membership for MLS access and annual CAR dues
These polls will close on February 5, 2018.
Dual agency explained
Dual agency explained, including how to avoid a breach of fiduciary duty in a dual agency situation.
Buyer purchasing power index up in Q4 2017
The BPPI was briefly positive at the end of 2017.
Auto sales drive the market
The trail to a recovery in home sales volume recovery is blazed by auto sales.
To buy in 2018? Using sales data to time the market; Monthly Statistical Update (January 2018)
Home sales volume is ominously flat; Prices still rising but at bubble pace; Buy or sell in 2018 — the crossover year?
Failure to submit all offers: a reportable offense
This article examines the myth that California real estate brokers and their agents are only allowed to use real estate forms published by trade unions.