Seller agrees to credit buyer ... for NRRC. Close of escrow to be extended to .... Buyer and seller agree that the price for the property shall now be .... The time for contingencies to be removed shall be extended to ....Getting to the point in plain, unambiguous...
Firm News
Anyone who has ever sold a property occupied by a tenant has run into the difficulties involved in selling a house that’s being rented at the time it’s put up for sale. When can you show it? How can you have an open house? When can you reasonably expect t
Seller agrees to credit buyer ... for NRRC. Close of escrow to be extended to .... Buyer and seller agree that the price for the property shall now be .... The time for contingencies to be removed shall be extended to ....Getting to the point in plain, unambiguous...
ELECTRONIC COMMUNICATIONS AND TEAM NAMES: WHAT THE DRE NOW EXPECTS
Maintaining and retaining documents obtained or executed by a licensee in connection with a transaction for which a license is required is part of the real estate law.For some time, the DRE has taken the position that this includes maintaining and retaining electronic...
OBSERVATIONS ON THE REVISED PRDS SSC
The revised PRDS Supplemental Seller's Checklist (SSC) has been in use for several months.In that time, I have reviewed a number of these disclosures in the context of various real estate disputes. The following are some of my observations regarding how sellers are...
“POCKET” LISTINGS CAN PICK YOUR POCKET
Pickpocketing, one of the world's oldest and most common crimes, involves stealing money so cleverly that the victim doesn't notice he's been robbed until the pickpocket is long gone. This particular crime appeals to many thieves because it's safer than many other...
CHANGES IN THE VEXATIOUS LITIGANT STATUTE
Effective January 1, 2013, the Vexatious Litigant Statute, codified as California Code of Civil Procedure § 391.1, et seq. has been modified. Existing law provided that when a defendant filed a motion for the court to order that the plaintiff furnishes security on the...
NEW LAWS PROTECTING TENANTS AND OCCUPANTS AFTER A FORECLOSURE
A flurry of new laws taking effect in 2013 continues the Legislature's trend over the last few years of providing additional protections to occupants of residential property after a foreclosure. 90-day Notice of Eviction After ForeclosureSimilar to the federal...
PRDS INTRODUCES NEW ADVISORY AND AGREEMENT TO EXCLUDE LISTINGS FROM THE MLS
PRDS has created a new seller advisory and agreement to exclude a listing from the MLS ("Advisory"). The new Advisory replaces the old document, which was entitled "PRDS Seller Instructions to Exclude Listing from the Multiple Listing Service."The new Advisory is no...
ARE WE IN OR OUT OF CONTRACT?
Our current market (low inventory, multiple offers, etc.) has caused an increase in specific performance actions by buyers and deposit disputes prompted by a seller's cancellation of a contract for alleged non-performance by the buyer. These disputes cause clients to...
BOUNDARIES: THE STRAIGHT LINE PART II
This month's article reviews a number of other myths related to boundaries.Myth No. 2: The fence or other barrier will remain in place because it was constructed based upon an agreement reached between the property owners. This is what is referred to as the "agreed...
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