Watch what happens when a seller rejects a full asking price offer on substantially the same terms for payment as called for in the seller representation agreement.
A Ready, Willing and Able Buyer at the Asking Price
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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
DRE to host property management webinar
The DRE is partnering with the California Civil Rights Department to provide a free webinar series for property managers.
Transparency as symmetric marketing
Learn how to persuade a seller-client to order out third-party reports on a property’s condition to enhance marketability, provide a marketing package to prospective buyers and work up effective marketing plans to sell a property when employed under a seller representation agreement.
The force behind home price movement: buyer purchasing power
Find out what today’s buyer purchasing power means for tomorrow’s home prices in California.
Due Diligence is an Art Form
The due diligence effort required under an exclusive representation comprises an orchestration of a basket of brokerage activities. Let’s unpack the basket.
The safety clause for residuals from due diligence efforts
Learn to appreciate a safety clause provision in exclusive representation agreements as assurance a fee is earned after expiration when your client sells or buys due to your efforts during the employment.
Will first-time homebuyers save California’s homeownership rate?
California’s homeownership rate dropped even as the typical age of first-time homebuyers rose.
The mean price trendline: the home price pivot
The mean price trendline reveals housing price deviations. Track the trends to reveal the direction of prices in the years ahead.
Lack of Due Diligence
Some real estate brokers simply don’t measure up. Watch what happens when a seller broker’s efforts to market a property and locate buyers lack sufficient due diligence activities.