Today, we continue our series on real estate professionals’ fiduciary duties. Attorney, Carl Block, addresses the topic of dual agency in the real estate transaction. Dual agency is allowed by law but it comes with risks for the agent. Some which may be known and many that may not be known but the agent should […]
Today, we kick off our series on a real estate professional’s fiduciary duties. Each real estate broker or salesperson acts as a fiduciary to their clients. But do all the parties really understand what this means. Over several weeks we will explore what those obligations look like and how they play out. Stay tuned. As […]
Today we take a look at recent Fed action involving appraisals and mortgage lending. The Fed is currently looking at changing the rules related to when a property transaction involving a property under $400,000 is required to have an appraisal completed. Is this a wise decision in today’s market place? Only time will tell. As […]
Today, we conclude our look at when agents/brokers may be compelled to participate in mediation or arbitration. While generally, they must contractually agree to such, in some situations, the court has carved out exceptions to when a party may be required to participate in mediation/arbitration even though they contractually did not agree. It can happen! […]
A common topic that comes up with many sellers is how do I actually enforce my right to liquidated damages. The RPA contains a liquidated damage clause that most parties agree too. But in the event of a buyer breach — how do you actually enforce that remedy. Today we take a look at the […]
Recently, the DRE filed an Accusation against eXp Realty. In today’s article, attorney Alex Munn explains just how easy to find yourself in trouble with DRE if you are not carefully monitoring compliance. The purpose of this article is to be informative related to compliance issues that the DRE routinely regulates. As always, if you […]
In today’s economy there is one constant: change. Self-driving vehicles. Uber. Amazon. The same is true for the real estate industry. Disruptors like Redfin, Purple Bricks and OpenDoor are seeking to change the way Realtors operate, and how they get paid. Today’s Blog article will examine another attack on the industry – by plaintiffs lawyers […]
Last year the Supreme Court interpreted CCP 1161 which governs when an investor has the right to commence an eviction. Until this new case the law allowed the notice to quit to be served before the perfection, however, under the recent Supreme Court decision, if you serve a notice to quit prior to recording your […]
Today we finish our look at the fiduciary obligations owed to clients. Real estate professionals owe a great duty of care and loyalty to their clients. They hold a position of trust and the law sets forth how this position of trust should be maintained. As always, if you have any questions about your real […]
Today we look at the legislative updates related to granny flats. It is no secret that California is in the midst of a housing shortage crisis. The only way that shortage will be dealt with is encouraging construction through legislative reform. One of those reforms that needs to be addressed is related to the construction […]
