California

Flooding House representing California special flood zone notification

Now Prospective Tenants Must Also Be Informed if a Property is in a Special Flood Zone

Changes in California Law: Disclosure Requirements Flood Zones California’s legislature within the past year made the following findings and declaration: (a) In February 2017, several neighborhoods within the City of San Jose experienced severe flooding that forced the evacuation of 14,000 residents and caused significant damage to public and private property throughout the city. ARead More

residential swimming pool

2018 Swimming Pool Inspection Law – California

The California Senate Bill 442 was passed,  signed by the Governor, and codified as Business and Professions Code, Section 7195, effective January 1, 2018.  This Statute provides standards for new residential swimming pools and spas, or any remodeling of an existing pool or spa.  The new law requires at least two of the seven drowningRead More

buyer signing disclosure

Disclosing and Documenting Before Closing

Document All Client Advisories about Third-Party Experts Do you advise your clients in writing to consult with third-party experts before closing? And if you do, do you document it in the client’s file? If you want to reduce your risk of a real estate lawsuit, the answers should be yes and yes. I’ve defended manyRead More

house on top of calculator

What is a Seller Carryback? How to Protect the Seller and Yourself in a Seller Carryback Transaction

Seller carryback financing is when the seller of a given property acts as a lender for a buyer on the seller’s property. The end result is that the buyer signs a promissory note to the seller, for the amount of the carryback with a set interest rate, set monthly payments, and a set time forRead More

gavel, scales, law books

Case Study: Creation of an “Associate Licensee” and the Duty to Investigate and Disclose – Horiike v. Coldwell Banker

Real Estate Agent Fiduciary Duties Ruling In November 2016, California’s Supreme Court affirmed the Appellate Court’s decision in Horiike v. Coldwell Banker (2014) 225 Cal. App. 4th 427. Its significance is that where a real estate brokerage is representing the buyer and the seller in a transaction, albeit with separate real estate agents for theRead More

Legal Duties in Residential and Commercial Transactions

Legal Duties in Residential and Commercial Transactions of a Licensed Real Estate Agent or Broker

Introduction – The Law and Primary Issue California Civil Code section 2079 sets forth the statutory duty of a real estate licensee in the State of California to both the buyer and the seller of a real estate transaction, whether it involves residential, commercial or vacant land. Civil Code section 2079.2 sets forth that theRead More

Foreign couple with real estate agent

How to Advise Foreign Language or Visually Impaired Real Estate Clients

Advising a client who is sight impaired or who cannot read or write in the English language Over the years as a real estate attorney in litigated and risk management inquiries, I have had to deal with situations where a licensed real estate agent in the State of California is representing a client who isRead More

Man hacking data on laptop

I’ve Had A Data Breach – Now What?

A business that maintains records that include a customer’s name along with any one of the following: signature, social security number, address, telephone number, physical description, passport number, driver’s license number, insurance policy number, education, employment, employment history, bank account number, credit card number, or any other financial, medical or health insurance information, must giveRead More

man with files

Disposal of Files

Business and Professions Code Section 10148 requires that a real estate licensee maintain his or her file for 3 years after the transaction closes or for 3 years after a listing if no transaction is consummated. Because some statutes of limitations (the time period within which a lawsuit must be filed) do not begin untilRead More

gavel and law books

When Does a Real Estate Agent’s Legal Duties Cease in California to His or Her Client?

In recent months I have handled an increasing number of risk management inquiries for real estate agents and brokers on the issue of when does a real estate agent’s duties cease to the client. This question typically arises after closing when new “issues” arise, such as newly discovered water intrusion or pest infestation problems thatRead More

RT @remax4000: Home values have risen dramatically over the last twelve months. In CoreLogic's most recent Home Price Index Report, they re… RT @kwri: Without zeroing in on a very specific market, you won’t get the massive growth you’re looking for. https://t.co/6y8L0lUDAX