by Heather | Aug 9, 2012 | C.A.R., Legal
C.A.R.’s Legal Department offers over 200 legal articles covering a wide range of topics of interest for REALTORS®, available at http:/qa.car.org/. Some of our newly revised legal articles are as follows: • Independent Contractor or Employee?: This Q&A has...
by Heather | Jul 24, 2012 | Legal, TSBOR
Starting January 1, 2013, a new California law will protect homeowners who default on their refinance loans from personal liability for any deficiency following foreclosure. Existing anti-deficiency law protects a borrower from personal liability for the difference...
by Heather | May 16, 2012 | C.A.R., Legal, TSBOR
A buyer’s broker who presented an all-cash full price offer was unable to recover any compensation as a third-party beneficiary of the listing agreement. Although this case does not involve a C.A.R. listing agreement, our Standard Forms Committee is nevertheless...
by Heather | May 14, 2012 | C.A.R., Legal, TSBOR
A California appellate court recently decided that the two-year contractual limitation for a buyer to sue his or her broker under C.A.R.’s standard form buyer-broker agreement may not begin to run if the broker actively conceals a construction defect, and does...
by Heather | May 7, 2012 | C.A.R., Legal, TSBOR
REALTORS® should make sure they are properly trained to handle fair housing issues before engaging in any property management services. Both governmental fair housing agencies and private organizations may be actively seeking to uncover discriminatory acts in rental...
by Heather | Mar 27, 2012 | C.A.R., Legal, TSBOR
2012 is the year of the short sale. As an agent, one of your most valuable business tools is the understanding of how to help underwater homeowners avoid foreclosure. Don’t make the mistake of believing these myths: Myth #1: The homeowner must fall behind on mortgage...
