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.
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Category: Fundamentals
![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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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 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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DRE Bulletin Digest: Spring 2024
The Spring 2024 edition of the California Department of Real Estate (DRE) Bulletin informs licensees about Senate Bill (SB) 1495 and DRE fee changes.
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DRE raising fees as renewals and licensing drop
The health of the real estate industry depends in large part upon the financial health of the DRE as its policing unit. DRE’s fees for statutory and licensing courses had not increased since 1997.
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Does a homeowner receive a refund for taxes paid when their property value is too high due to an incorrect assessment?
Greenspan v. County of Los Angeles Facts: A property owner demolishes the improvements on the...
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RPI real estate forms have always been in compliance with NAR’s most recent antitrust settlement
Unlike trade unions, RPI forms for decades has had methods for the buyers broker to set their own fees and disclose the fee amount to their buyer clients.
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NAR’s long-established compensation model finally evolves
After years of lawsuits, NAR® has finally agreed to a settlement relegating cooperative compensation to the history books.
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Brokerage Reminder: The DRE wants to give brokers the benefit of the doubt
Every real estate broker acting in the capacity of a responsible broker needs to be aware of the “Benefit of the Doubt” program.
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Calculating TPA rent caps for existing residential tenants
This article examines how a landlord of property controlled by the TPA calculates the maximum lawful annual rent increase chargeable to existing tenants, called rent caps.
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Letter to the editor: Does a broker acting as a principal need to disclose they are a DRE licensee?
By receiving a fee, an agency is created — but not with whom you thought.
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Appraisal rules for high-priced mortgages
A Section 35 higher-priced mortgage loan classification triggers certain appraisal report requirements.
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Form-of-the-Week: Ordinance Compliance, and Service and Maintenance Providers — Forms 307 and 324
These forms are used by a sellers agent as part of the Transfer Disclosure Statement (TDS) to comply with city or county ordinance disclosure requirements and to disclose information about service and maintenance providers currently used on a property listed for sale.
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Recruit DRE licensees: Direct mail with help from CalPaces
This is the final article in our series covering broker recruitment strategies. This article explores how a broker solicits licensees as preferred hires for growing an office staff using direct mail recruitment.
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Interviewing prospective hires: CalPaces for Recruiting
This is the third article in our four-part series covering broker recruitment strategies. This article details the steps a broker needs to take for a highly effective interview to take place and the main characteristics to look for in an ideal hire.
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The points and fees test for Section 32
Learn when a consumer-purpose mortgage falls under Section 32 limitations and disclosure rules.
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2024 updates to no-fault just cause eviction procedures
This article covers legal updates for landlords conducting a no-fault just cause eviction.
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