We’ve all been hearing it here in the SoCal real estate market for months, whether as a buyer’s agent when asked “How’s business?” or as a home buyer when asked “So how is the house hunting coming along?” Nine times out of ten the answer is usually “There are not enough houses for sale!” Or […]
The Carbon Monoxide Poisoning Prevention Act of 2010 (Cal. Health & Safety Code §§ 13260 et seq.) has been in effect since 2011, yet not everyone is familiar with this law or enforces it. Per the law, it is the seller’s responsibility to install adequate carbon monoxide detectors as well as smoke detectors. As listing […]
Well it seems that what we all suspected was in fact true! According to a former Bank of America employee, Loss Mitigation Specialists were told to delay the Home Affordable Modification Process (aka HAMP) and were even given bonuses for foreclosure initiations!
It’s very important and helpful for us, as agents/brokers, to continue our education and training even after we’ve obtained a license. There are so many new laws and regulations that come up and change, we must always keep up. Many of the associations that you’re a part of hold classes or training sessions, and even […]
After passing the real estate exam, and entering the world of transactions, it’s not uncommon for agents to find themselves overwhelmed with the intricacies of all the paperwork that goes into a sale; however far more important than the paperwork involved in a real estate transaction are the rules and regulations which govern what we […]
Make sure to consult this list of known cities that have extra rules and regulations whenever engaging in a real estate transaction. The following links will guide you to the information needed to successfully close transactions in each city. Remember: An ounce of prevention is worth a pound of cure!!! Azuza (City of Azuza) Beverly Hills (City of […]
All too often we come across agents who haven’t taken the time to find out if the buyers they’re working with even qualify for a loan! It’s really important to know where your buyer stands with the loan before they select a house and are ready to submit an offer. At this point, if the buyer […]
Unfortunately, in this downtrodden economy we currently find ourselves in, it is not uncommon to fall victim to a scam while looking for honest help. To make matters worse, there are individuals out there who make a living off of preying on homeowners who do not speak English, and whom are unaware of the laws […]
We all know that the most ‘ancient’ and common way to market a property is by putting up a for sale sign right on the lawn. This used to work really well because people were out and about a lot more and were seeing your sign. Now-a-days majority of the people are attached to a […]
The Agent Visual Inspection Disclosure (AVID) has become a must have disclosure for most firms. This is to inform the prospective buyer and agent what the agent has visually inspected/noticed about the property. The agent is not acting as an inspector or a contractor in this case. This is the easiest disclosure to complete! – […]
