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.
Read More
Category: Buyers and Sellers
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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...
Read More
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.
Read More
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.
Read More
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.
Read More
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
Read More
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.
Read More
The seller cancels the purchase agreement: now what?
Buyer remedies when a seller breaches or cancels a purchase agreement
Read More
Extending performance dates to attain purchase agreement objectives
Avoid premature termination when purchase agreement objectives can be met by extending dates.
Read More
Natural hazard disclosures and the seller’s agent
Gone are the days of minimal or delayed property disclosures.
Read More
Cancellation excuses further performance
When is a buyer or seller entitled to exercise their right to cancel a purchase agreement and escrow instructions?
Read More
The many pitfalls of pocket listings
The risky business of pocket listings are dangerous for sellers, buyers — and brokers.
Read More
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.
Read More
Form-of-the-Week: A comparative market analysis for setting prices and rents — Forms 318 and 318-1
A seller’s agent uses RPI Forms 318 and 318-1 when educating the seller on a reasonable asking price or rental amount for the property.
Read More
Resources
Education
Get to know us
Products & Services
