New California REALTOR® Laws for 2012

Now that the first half of the 2011-12 legislative session is over, significant new laws have emerged that may affect REALTORS® and their clients.  Below are some of the new laws involving disclosures, licensing, small claims court, landlord-tenant, and other areas of...

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Regarding Short Sales pending bank approval

As soon as an offer is accepted by the seller on an Active listing with the sub status of Short Sale, according to TSMLS rule 10.1, you must report the listing as Active Contingent.  Active Contingent is a sub class of Active, and meets the bank’s request to leave the...

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Proper Use of REALTOR Online

Use on the Internet When surfing the Web for real estate homepages, it's quite common to come across sites belonging to REALTORS®. If you are looking to add your own electronic presence on the Internet, it is easy to get caught up in designing your own web page and...

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Brokers: Be Vigilant About Your Trust Fund Accounts!

Fiscal Year 2010-2011 was a busy year for DRE auditors. DRE auditors conducted 683 audits in the fiscal year ending 6/30/11 and found trust fund shortages totaling $10,736,771.13. These shortages were found almost exclusively on audits of brokers involved in property...

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