On November 8, 2016, proposition 64 was passed by a majority of California voters, making the recreational use of cannabis, by adults over the age of 21 years, legal in the State of California. Proposition 64 followed proposition 215, which had already made the medicinal use of cannabis legal in 1996. However, the legalization of […]
What Real Estate Agents Should Know About Short Term Rental Regulations The sharing economy has been a topic of widespread interest as it has grown and become a part of everyday life for many Americans. In real estate, organizations like Airbnb and VRBO allow homeowners to rent out their homes on a short to […]
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 […]
The legality of referral fees in California is a tricky issue and one that can frequently trip up agents and brokers. This is because of the difference between federal and state law. The California Attorney General’s office has written a detailed opinion stating that a real estate broker can pay a referral fee to an […]
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 […]
Measure EE Overview On June 4th voters will go to the polls to decide an issue that has potential to impact the real estate industry, Measure EE. Measure EE’s text reads as follows: To retain/attract quality teachers; reduce class sizes; provide counseling/nursing/library services, arts, music, science, math, preschool, vocational/career education, safe/well-maintained schools, adequate instructional materials/supplies; […]
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 […]
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In the business world it is common for products and services to be rolled out in phases. The first phase is generally more manual and labor intensive, as the business is eager to get there service/product to their clients as quickly as possible to maintain their reputation for being on the cutting edge and providing […]
