This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the California real estate license of a broker who failed to properly supervise his corporation’s activities.
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Grant of an option to buy a property at a predetermined price if the property does not sell during the listing period, and the guaranteed sale variation
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This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the California real estate license of a broker who failed to comply with advance fee requirements while conducting prepaid rental listing service (PRLS) activities.
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The proper handling of broker fees deposited with the broker before they are earned
Read MoreA licensing clarification: no special real estate license designation or endorsement is required for real estate licensees to list a negative equity property for sale or arrange a loan payoff discount on a short sale. Any...
Read MoreMost California homeowners who bought or refinanced after 2001, the super-heated years of the Millennium Boom, are underwater with negative equities. Their family balance sheets are in the red, insolvent. Since then prices have...
Read MoreMost homeowners who bought or refinanced after 2001 during the superheated years of the Millennium Boom are in precarious financial straits – their homes being underwater with negative equities and their family balance sheets...
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Your weekly California real estate news digest.
