Form-of-the-Week: Seller’s Net Sheet, and Buyer’s Cost Sheet — Forms 310 and 311
Demonstrate to your buyer and seller clients how broker fees are paid in RPI Forms 310 and 311.
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Category: Buyers and Sellers
Form-of-the-Week: Request for Notice of Mello-Roos Assessment — Form 137
A seller agent uses RPI Form 137 to request information from the Improvement District Office about Mello-Roos on a property listed for sale.
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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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California’s turnover rate ice cold in 2024
California’s homeowner turnover rate is the lowest it’s been in years, showing just how frigid California’s housing market is in 2024.
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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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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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Form-of-the-Week: The Counteroffer, and Counteroffer Addendum — Forms 180 and 180-1
The seller responds to a buyer’s offer Typically, a buyer submits a purchase agreement offer to a...
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New advertisement law requires all fees be disclosed upfront — with implications for real estate
With authorities cracking down on misleading advertising, brokers and MLOs will be wise to take this opportunity to ensure their adverts are in compliance.
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Form-of-the-Week: Authorizations to Prepare an NHD, and a Structural Pest Control Operator Report — Forms 131 and 132
A sellers agent uses Forms 131 and 132 to order out a Natural Hazard Disclosure (NHD) report and a Structural Pest Control (SPC) report.
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Form-of-the-Week: The option to buy and its variations — Forms 161, 161-1 and 161-2
A leasing or sales agent uses RPI Forms 161, 161-1 and 161-2 when arranging an option to purchase property.
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Is a buyer entitled to a reduction from the fair market value (FMV) of a property acquired from a city when their purchase agreement included a below-market leaseback agreement?
290 Div. (EAT) v. City and County of San Francisco
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The liquidated damages provision and the breaching buyer’s deposit when prices decline
Agents need to be aware of the maximum dollar amount the seller is entitled to receive upon a buyer’s breach – especially when home prices are falling.
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The seller cancels the purchase agreement: now what?
Buyer remedies when a seller breaches or cancels a purchase agreement
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Extending performance dates to attain purchase agreement objectives
Avoid premature termination when purchase agreement objectives can be met by extending dates.
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Natural hazard disclosures and the seller’s agent
Gone are the days of minimal or delayed property disclosures.
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Cancellation excuses further performance
When is a buyer or seller entitled to exercise their right to cancel a purchase agreement and escrow instructions?
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The many pitfalls of pocket listings
The risky business of pocket listings are dangerous for sellers, buyers — and brokers.
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A home inspection report: the liability shield for a seller’s broker
A home inspection report is used by a seller’s broker to shift the risks of non-disclosure liability in their use of a seller’s Transfer Disclosure Statement.
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