California’s for sale inventory growth: waning buyer enthusiasm
In early 2025, low-tier priced housing has the lowest level of inventory available for sale or rent.
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Category: Fundamentals
Letter to the Editor: What happens to buyer representation agreements and fees when an agent changes brokers?
A buyer representation agreement runs with the broker, not the agent.
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DRE Bulletin Digest: Fall/Winter 2024
The DRE’s Real Estate Bulletin keeps licensees informed on new codes and regulations significant to real estate practice, common violations of real estate rules of conduct, and real estate education opportunities.
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Form-of-the-Week: Purchase Agreement variations and their addenda
The diversity of people, properties and situations in real estate transactions requires a diverse array of purchase agreements on which to write and submit an offer to acquire real estate.
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Different types of estates and ways to divide their ownership
This series showcases the fundamental real estate knowledge needed by a DRE licensee to develop a Broker Price Opinion (BPO) to be handed to a client.
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Conflicts of interest and consent to represent
Learn how to recognize the types of business arrangements and personal relationships which give rise to conflicts of interest for agents in real estate transactions, how to identify conflicts of interests, and disclose and obtain consent to the relationships presenting a conflict of interest.
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Now showing: Real Estate Principles: Video™ — a multimedia powerhouse for aspiring agents
Real estate licensing coursework has finally entered the 21st century. See what makes Real Estate Principles: Video™ so unique.
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The rise and fall of real estate brokers and agents
This article analyzes the historical population of active DRE licensees, with discussions and forecasts about future licensing trends.
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Buyer representation, dual agency and double ending
As buyer representation evolves professionally in California, dual agency provides a workaround for improper brokerage practice and excess fees.
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Dual agency piles conflicts and risks on brokers
Learn to identify conduct giving rise to dual agency representation and understand dual agency as a conflict of interest requiring prompt disclosure and consent.
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An agent’s perception of riches
Learn to estimate the potential income, expenses and initial investment you experience as a newly licensed agent employed by a broker and how to evaluate competing broker firms for suitability with your professional goals and expectations.
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Broker activities: by the agent of the agent
Learn how brokers oversee agents, the office policies a broker puts in place to comply with their duties owed to clients and the Department of Real Estate (DRE), and how licensee status relates to labor regulations, taxation and issues of liability.
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Buyer Representation Bonus Training™ brings firsttuesday students up to speed with 2025 buyer legislation
The Buyer Representation Bonus Training™ is available to current and future firsttuesday students without charge. The Bonus Training contains everything brokers and agents need to operate successfully in the new paradigm — the buyer representation mandate in 2025 and beyond.
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Restrictive central city zoning fuels construction for wildfires
California zoning laws which prohibit high-density infill development and instead incentivize horizontal expansion of suburbs increase the risk of loss to wildfires.
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What is real estate?
Property is divided into two primary categories.
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Counteroffers — practice dictated by buyer representation agreements
Learn how to counter an offer with a purchase agreement calling for the buyer to pay the broker fee and avoid claims of tortious interference.
Read More![Form-of-the-Week: Purchase Agreement — for One-to-Four Residential Property — with Buyer Broker Fee Provision [RPI Form 150]](https://journal.firsttuesday.us/wp-content/uploads/purchase-agreement-1-627x376.jpg)
Form-of-the-Week: Purchase Agreement — for One-to-Four Residential Property — with Buyer Broker Fee Provision [RPI Form 150]
A buyer agent uses RPI Form 150 when preparing an offer for their buyer to purchase one-to-four unit residential property with a fee provision for disbursing the buyer broker fee from the purchase price.
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DRE Bulletin Digest: Summer 2024
The DRE’s Real Estate Bulletin keeps licensees informed on new codes and regulations significant to real estate practice, common violations of real estate rules of conduct, and real estate education opportunities.
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FOTW: Buyer Representation Agreements and Renewals — Forms 103.1, 103.2, 103.1A and 103.2A
Always enter into a written employment agreement with the buyer using RPI Forms 103.1 and 103.2. Renew or extend the retainer period with RPI Form 103.1A or 103.2A.
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Buyer Representation Agreements: The end of the “gold standard”
With new California legislation, it’s now mandatory practice for a buyers broker to enter into an employment agreement with buyer clients before a purchase agreement is submitted.
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