February 5th, 2024 at 3:07 pm
When it rains like it has, I will usually get questions from agents about storm-related damage during escrow. So here are some general guideposts if you encounter any storm-related damage during a pending sales transaction: (more…)
January 29th, 2024 at 2:57 pm
The start of the 2024 New Year is also the start of new California laws that may affect your real estate practice. Here are some of the highlights for 2024: (more…)
January 29th, 2024 at 2:25 pm
Multiple Choice Question: Under what circumstances is a trust not exempt from the Transfer Disclosure Statement (TDS) requirement? Pick the best answer:
A. A family trust with a trustee who is a natural person, and has personally owned or occupied the property within the last year.
B. A revocable trust with a trustee who is a natural person, and has personally occupied the property within the last year.
C. A family trust or revocable trust with a trustee who has personally owned and occupied the property within the last year.
D. A revocable trust with a trustee who is a natural person, and has personally owned or occupied the property within the last year. (more…)
January 22nd, 2024 at 3:49 pm
Multiple Choice Question: A buyer and seller have entered into a purchase agreement using C.A.R.’s Residential Purchase Agreement (RPA). You are an agent preparing a subsequent Request for Repair (RR) (or similar document). What date should you insert on Line 4 of the RR as the date of the Purchase Agreement? Pick the best answer:
A. “Date Prepared” on page 1 of the RPA.
B. Date that both the buyer and seller have signed on page 15 of the RPA.
C. Date of Acceptance.
D. Any of the above. (more…)
December 18th, 2023 at 6:57 pm
On or about December 19, 2023, C.A.R. plans to roll out its December 2023 Standard Forms Release. The rollout entails just one new form and 55 revised forms. Here are some of the highlights of C.A.R.’s Forms Release: (more…)
