May 5th, 2025 at 6:29 pm
Fact Pattern: You are a buyer’s agent with a C.A.R. Buyer Representation and Broker Compensation Agreement (BRBC). The “Property Type” on your BRBC is solely for the specific property located at 123 Elm Street in Any City, California. The buyer enters into a contract to purchase the Elm Street property. Unfortunately, many issues come up during escrow, and the buyer is thinking about cancelling the purchase. To help decide, the buyer would like to go see a few other properties. You still have 2 months left on your BRBC representation period.
Multiple Choice Question: Should you modify your BRBC before showing other properties to the buyer? Pick the best answer:
A. Yes.
B. No, because touring other properties pertains to the purchase and/or cancellation of 123 Elm Street.
C. No, because you can wait until the buyer writes an offer for another property.
D. It depends on whether the other properties are listed in the MLS. (more…)
April 28th, 2025 at 3:44 pm
Fact Pattern: You are a buyer’s agent with a 3-month C.A.R. Buyer Representation and Broker Compensation Agreement (BRBC). The BRBC ends on May 20, 2025. There is no Continuation Period. Your buyer has entered into a purchase agreement that is scheduled to close escrow on June 10, 2025.
Multiple Choice Question: Should you extend the end date of your BRBC to include June 10, 2025? Pick the best answer:
A. Yes if you want the authority to represent the buyer.
B. Yes if you want an entitlement to compensation.
C. Both A and B.
D. No. (more…)
April 21st, 2025 at 2:30 pm
Fact Pattern: You are the buyer’s agent for a pending sales transaction using C.A.R.’s Residential Purchase Agreement (RPA). Your buyer has 17 days after acceptance to remove all contingencies other than the loan contingency, and 20 days to remove the loan contingency. On the 17th day after acceptance, the seller serves a Notice to Buyer to Perform (NBP) to remove all contingencies.
Multiple Choice Question: What must the buyer do to stop the seller from cancelling? Pick the best answer:
A. Remove all contingencies, including the loan contingency.
B. Remove all contingencies, except the loan contingency.
C. Nothing.
D. Inform the seller’s side that the NBP is defective. (more…)
April 15th, 2025 at 2:17 pm
The California Department of Real Estate (DRE) has an updated “California Tenants” guidebook to help landlords and tenants understand their rights and responsibilities. It’s a great resource to give to your clients with landlord-tenant questions! (more…)
April 7th, 2025 at 2:40 pm
Two new landlord-tenant laws have come into effect on April 1, 2025. Here’s a quick summary of the new laws:
Landlord Must Offer Credit Reporting of Positive Rental Payments (AB 2747): Starting April 1, 2025, a residential landlord must generally offer their tenants the opportunity to have their timely-paid rental payments reported to at least one nationwide consumer reporting agency (such as Experian or Equifax). The purpose of this new law is to help tenants build their credit. (more…)
