Industry News

Row of law books

Cite and Fine Statute

In 2014, the Cite and Fine Statute (Business and Professions Code Section 10080.9) became effective.  Section 10080.9 allows the California Bureau of Real Estate (Cal BRE) to issue a citation against an unlicensed person who is engaging in activities for which a real estate license is required.  This Section also allows the Cal BRE toRead More

Ranch style home

Bye-Bye HUD-1. Hello TRID

If we have learned one thing in the last seven years, it is that there will be a constant stream of new regulations affecting all of us in the Real Estate industry, as well as our customers. This year, the big news out of Washington and the financial industry’s watchdog agency, the Consumer Financial ProtectionRead More

MD Regulation Discourages Referrals by Real Estate Agents

By Harvey S. Jacobs If you live in Maryland and your real estate agent refuses to refer you to a mortgage lender, he isn’t being rude. Real estate agents making referrals to service providers in Maryland can now be fined up to $5,000 if they violate a new state Real Estate Commission regulation. That regulationRead More

Abandoned Renter Property

In Colorado, professional property managers are required to have a real estate license. Colo. Rev. Stat. § 12-61-101(2)(a)&(b); see also CP 27 (Commission Position on the Performance of Residential Leasing Property Management Functions Adopted August 1998 – Revised August 2013). Brokers acting as property managers find themselves in unique situations, often times facing a dilemmaRead More

Property Management Companies and Security Deposits

In recent months, I have handled an increasing number of risk management inquiries for real estate agents and brokers who are property managers for property owners who rent out residential properties. The most common disagreement between landlords and tenants for years has been over the refund of the tenant’s security deposit after the tenant hasRead More

Brownfield Redevelopment Offers Liability Protection and Grant Opportunities

Guest blog written by Robert G. Westfall Robert G. Westfall  | www.barrettlaw.com       The federal “Superfund” law, formally known as the Comprehensive Environmental Recovery, Compensation, and Liability Act (“CERCLA”), imposes harsh liability on a range of entities associated with an environmentally contaminated site. The law’s liability scheme casts a wide net in an effort toRead More

Multiple Offers

Guest blog written by B. Blake Cox B. Blake Cox  | www.lawsnakard.com Mr. Cox graduated from Texas Tech University in 1982 with a Bachelor of Arts Degree; and graduated from Texas Tech University School of Law in 1986 with a Doctorate of Jurisprudence. Mr. Cox’s practice centers primarily on civil litigation involving the defense of service providers suchRead More

Murder Is Not a Material Defect in Pennsylvania Real Estate Transactions

Guest blog written by David A. Yavil, Esq David A. Yavil  | www.smsm.com David Yavil is a senior associate in Segal McCambridge’s Philadelphia office. Mr. Yavil has extensive experience representing a wide array of clients including product manufacturers, licensed professionals, health systems, premises owners, real estate brokers and agents, insurers and employers in various civil litigation mattersRead More

Updated South Carolina Building and Fire Codes Include Carbon Monoxide Alarm Requirements Aimed at Protecting Against the “Silent Killer”

In the past several months, the tragic deaths of an elderly couple and a child in two separate incidents in the same North Carolina hotel room have garnered national media attention. According to North Carolina authorities, the deaths of these individuals are attributable to a carbon monoxide (“CO”) leak originating from a pool heater located in anRead More

Anticipating the “Flood” of Post-Sandy E&O Claims for Insurance Brokers

Guest blog written by John R Gonzo, ESQ. Mr. Gonzo is the Managing Partner of the Gonzo Law Group and specializes in professional lines defense. Superstorm Sandy devastated portions of New Jersey, impacting individuals and companies of all types, including insurance brokers. Stories of insurance brokers, whose offices had no power, heat, or internet accessRead More

RT @AndreaOkopnyCK: Top 10 Home Features https://t.co/p0ZeX4hKFw @PeiferRealty #RealEstate #homebuying https://t.co/p0ZeX4hKFw RT @ROttoRealtor: What Are Comps? A Way to Pin the Right Price on a Home https://t.co/2spzjZWrcL #realestate #housingmarket #realtor #jacko…