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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Category: Letters to the Editor
Letter to the Editor: When may a landlord evict a properly performing tenant?
Landlords evicting a residential tenant who is not in default are limited to specific circumstances, called “just cause.”
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Letter to the Editor: Who may render a broker price opinion (BPO)?
Does one need to be a broker to prepare and present a broker price opinion (BPO)?
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Letter to the Editor: What happens when a rental payment arrives late through the mail?
The failure of the postal service to deliver the check within the grace period for payment does not cause the tenant to incur a late charge when USPS received the check during the grace period.
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Letter to the editor: How do I tell the difference between a business and consumer mortgage?
Knowing the difference between the two will help MLBs identify more streams of income during the recession.
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Letter to the editor: Does the DRE “accredit” schools?
The California Department of Real Estate (DRE) does not “accredit” schools. The DRE approves courses submitted by course providers.
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Letter to the editor: May a commercial landlord’s broker refuse to pay a fee to the tenant’s broker upon renegotiation of the lease?
Under what circumstances is a landlord required to pay another broker fee?
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Letter to the editor: Do real estate brokers need to offer their employees 401k plans?
The answer depends on how the broker structures their agent’s employment contracts.
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Letter to the Editor: Is a fraudulent contract voidable?
A contract obtained through false representation is voidable. Fraud is a type of misrepresentation, so when fraudulent or negligent misrepresentation is used on a contract, it creates a voidable contract. It requires a court order to be declared invalid.
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Letter to the editor: Are landlords required to supply working air conditioning (AC)?
Question: Are residential landlords required to supply working air conditioning (AC) in each...
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Letter to the Editor: How do I report the death of a licensee to the DRE?
To report the death of a licensee, a broker submits to the DRE a Salesperson Change Application, a death certificate or signed statement declaring the date of the death and a cover letter.
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Letter to the Editor: What is an agency relationship?
An agency relationship, created between brokers and members of the public, requires a competent principal, mutual consent and fiduciary and general duties on behalf of the agent.
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Letter to the editor: Which real estate forms are required to complete a home sale?
There are several forms published by the trade union that are superfluous, and not required to be used.
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Letter to the editor: When termite damage is discovered during an inspection, who pays for the repairs?
Any repairs are negotiable between buyer and seller, including repairs of termite damage.
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Letter to the editor: When applying for a broker license, what steps need to be taken when an employing broker will not certify the experience requirement?
When an employing broker is unavailable to certify a broker license applicant’s experience, the applicant may use an alternative method of verifying experience.
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Letter to the editor: When a landlord is foreclosed upon, what happens to the tenant’s lease, security deposit and any prepaid rents?
Residential tenants have several protections when their rented residence is sold at a foreclosure sale to a new owner.
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Letter to the editor: Does California have statewide rent control?
Prop 21, on the November 2020 ballot, may allow local governments to enact broader rent control measures.
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Letter to the editor: Why are prices still rising even though we’re in a recession?
Several housing market factors are acting to buoy home prices in 2020, including low inventory, few distressed sales and historically low interest rates.
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Letter to the editor: Does RPI (Realty Publications, Inc.) provide COVID-19 forms?
RPI does not publish forms to be used specifically during the coronavirus (COVID-19) pandemic and endorses other practices to ensure a safe and timely transaction.
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Letter to the editor: When may a broker receive a fee for assisting a client in an out-of-state real estate transaction?
The answer depends on the state within which the property is located.
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