Legal Updates

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How Real Estate Professionals Should Respond to a Deposition Subpoena to Produce Documents

When there is a legal dispute between the buyer and seller, you may be served with a deposition subpoena to produce documents. This is a normal procedure for obtaining documents when you or your real estate brokerage are not named in the lawsuit at the time of the service of the deposition subpoena. A subpoenaRead More

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Small Business Owner’s Guide to the CARES Act and Legal Counsel Overview

With the Senate reaching an agreement on the Coronavirus Aid, Relief, and Economic Security (CARES) Act, there has been a push to consolidate resources for easy reference and education on what the aid the Act provides.  The U.S. Senate Committee on Small Business and Entrepreneurship created this Small Business Owner’s Guide to the CARES ActRead More

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COVID-19 and Working with Real Estate Sellers

March 19, 2020 These are unprecedented times and these issues could not have been anticipated.  No one in the real estate industry has experienced a similar event on such a scale. Nevertheless, CRES and our risk management attorneys are analyzing the situation to anticipate legal and practical challenges that face real estate professionals and consumers. Read More

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COVID-19: Broker, Agent, and Firm Health and Safety Suggestions

March 19, 2020 As each day dealing with the coronavirus seems to bring new challenges for the real estate industry, there are positive steps brokers and agents can take to remain safe. CRES and our risk management attorneys continue to analyze the situation and offer these suggestions: Employing brokers and supervisors should develop a writtenRead More

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COVID-19 and the Impact on California Real Estate Transactions

Download the CALIFORNIA ASSOCIATION OF REALTORS® Coronavirus Addendum (C.A.R. Form CVA, 3/20). The spread of the Coronavirus COVID-19 has created uncertainty in our everyday lives — including the purchase and sale of real property in California.  People who are presently under contract to purchase or sell real property consider how the virus may impact theirRead More

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Colorado Possible Real Estate Effects of Quarantines due to COVID-19

March 18, 2020 These are unprecedented times for consumers and the real estate industry.  The Colorado real estate form contracts do not expressly address situations like this.  No one in the industry has experienced a similar event on such a scale. Nevertheless, CRES and our Colorado attorneys are analyzing the situation to anticipate legal andRead More

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Colorado Office Closures and Transaction Delays due to COVID-19

March 18, 2020 Although Colorado real estate form contracts do not expressly address situations like COVID-19, there are ways to handle effects on real estate transactions.  CRES and our Colorado attorneys are analyzing the situation to anticipate legal and practical challenges that face real estate professionals and consumers.  Here are some insights and thoughts: BrokersRead More

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Source of Income Discrimination in California

Under California and federal law, it is illegal for a landlord or residential rental housing provider to discriminate against a person because of the person’s disability, religion, ethnicity, sexual orientation, race, marital status, religion, ancestry, or source of income for the rental.  California’s Legislature has declared that the opportunity to seek, obtain and hold housingRead More

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Broker Beware: Colorado Short-Term Rental Regulations

“There is [Absolutely No Other] Place Like Home.” Denver, like many cities across the U.S., prohibits individuals from operating “any short-term rental in the City and County of Denver without a license.”  Denver Municipal Code further states that it is unlawful “to operate a short-term rental in any location that is not the applicant’s primaryRead More

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How to Manage Your Risk When Dealing with Real Estate Sellers, Buyers, or Tenants Involved in a Cannabis Business

It’s important for real estate professionals to understand the implications of a cannabis business whether you’re representing the seller, buyer, or a tenant.  (See our related post on property managers and cannabis businesses.) Your role isn’t to provide legal or tax advice, but to understand when you might need to refer your client to anotherRead More

Property Managers -- tips to protect yourself when dealing with tenants unable to pay rent due to COVID-19.… https://t.co/w6viTLwEEO "What's the latest on short sales? We have tips for managing short sales in your real estate business.… https://t.co/JtiWohwBT9