With the beginning of another week living “Safer at Home”, the California Association of Realtors (“CAR”) released the “Coronavirus Addendum or Amendment” (CVA). This is an update to the Coronavirus Addendum/Amendment released last week. CAR also released a companion document entitled “Notice of Unforeseen Coronavirus Circumstances” (“NUCC”). Recently, we discussed the CVA and addressed its […]
Any real estate professional who occasionally handles rentals or the sale of properties subject to rent control laws should be familiar with rent control laws. This is particularly the case as Assembly Bill (“AB”) 1482, mandating certain statewide rent control policies, comes into effect, likely on January 1, 2020. This article provides an overview of the […]
Measure EE went down in a surprisingly wide defeat on Tuesday, June 4th. The measure which would have levied a 16 cent per square foot property tax on all residential and commercial properties in the LAUSD District needed a 2/3 super majority to pass. Instead, it failed to gain even a simple majority, attracting approximately […]
Real estate agents and brokers in California have a fiduciary duty to act in a manner that is consistent with the best interests of the client. A fiduciary duty encompasses several obligations, among them: the duties of care, loyalty, honesty, accounting, and obedience. This article will discuss what is meant by each of those obligations, […]
Overview The law as to who is the “procuring cause” of a real estate sale is one of the most complicated and common legal issues impacting both real estate agents and their clients. The purpose of procuring cause law is to reward an agent who initiated an uninterrupted chain of events that lead to a […]
People are involved in all sorts of transactions on a daily basis, whether it’s buying groceries or purchasing a car. If they can do these on their own, why is home buying or selling any different? It’s because real estate transactions aren’t simple. The majority of home buyers and sellers hire agents because they need […]
Many of you have either received frightening emails or been caught up reading articles all over finance pages in regards to the 3.8% sales tax on investment income. Here are the top 10 items we have found necessary for you to be aware of once the tax goes into effect.
On the surface Senate Bill 458 appears to be a god send to distressed homeowners pursuing short sale, but is it?