THE FIRST OFFER MAY BE THE BEST OFFER

Sometimes when everything goes right we have trouble accepting that fact. Perhaps nowhere is this phenomenon more clearly illustrated than in the case where a seller receives a good offer right away. The annals of real estate are well stocked with stories of sellers who refused to take a good, but not perfect, first offer, […]

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Who Pays for Association Documents?

When a condominium is sold, who should pay the cost of providing the buyer with various HOA (Homeowner Association) documents, the buyer or the seller? The purchase and sale of a condominium unit can often be more complicated, involve more paperwork, and have proportionately higher expenses than the sale of a free-standing single family home. […]

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LEGAL CORNER

Question Seems like more and more of my prospective residents have past due balances on their credit reports and outstanding collection accounts. Years back I wouldn’t even consider someone with a collection account, but if I did that now, I’d have an empty building! What do you think?   Answer According to a recent study […]

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POLICY ON REAL ESTATE TEAM NAMES IS CLOSE TO BECOMING LAW

Assembly Bill 2018 (Bocanegra) is quickly working its way through the California legislature in Sacramento.  The bill deals with the use of team names and fictitious business names in the real estate business.  The bill is the result of collaborative work by The California Association of Realtors® (CAR) and The California Bureau of Real Estate […]

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CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT UNDERGOES THOROUGH REVISION

California’s standard Residential Purchase Agreement (RPA), produced by the California Association of Realtors® (CAR) is undergoing a major revamping.  While the changes being made do not represent a radical transformation or restructuring of the nature of the agreement, there are still many, many changes.  Some of them are only slight alterations in wording; others are […]

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Law book

CALIFORNIA BUREAU OF REAL ESTATE ROLLS OUT “CITE AND FINE” POLICY

The Summer 2014 issue of the Real Estate Bulletin, produced by the California Bureau of Real Estate, announces that the Bureau has finalized its authority to issue citations and assess fines without first going through a lengthy, and sometimes expensive, process of administrative hearings.  The details of the “cite and fine” program can be found […]

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