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 […]
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 […]
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 […]
