by Heather | Nov 29, 2013 | C.A.R., Legal, TSBOR, TSMLS
CAR has been working with California Sen. Barbara Boxer to protect distressed homeowners from debt relief income tax associated with a short sale in California. As part of this effort, Sen. Boxer requested the Internal Revenue Service (IRS) to provide guidance on...
by Heather | Nov 28, 2013 | Legal, TSBOR, TSMLS
The Consumer Financial Protection Bureau (CFPB) has recently started taking enforcement actions against illegal referral fees in violation of the federal Real Estate Settlement Procedures Act (RESPA). This serves as a good reminder for real estate agents to understand...
by Heather | Oct 28, 2013 | C.A.R., Legal, TSBOR
As a REALTOR®, you’re more than familiar with the stack of documents that accompany each transaction. You’ll find the Natural Hazards Disclosure Statement (NHDS) among that stack, but you may be unaware of some of the crucial details pertaining to it. When do you need...
by Heather | Oct 8, 2013 | C.A.R., Legal, TSBOR, TSMLS
A listing agent of tenant-occupied property can hold an open house over the weekend during reasonable hours (as explained below), according to a recent California court decision. A landlord’s right to enter leased premises during “normal business hours,” as authorized...
by Heather | Jun 17, 2013 | C.A.R., Legal, TSBOR, TSMLS
C.A.R. provides REALTORS® with many legal articles covering a wide range of topics of interest. Three of our new or newly revised legal articles available at http://qa.car.org/ are as follows: Regulation Z – Ability to Repay Standard for Loans: Provides upcoming rules...
by Heather | May 6, 2013 | C.A.R., Legal, TSMLS
CAR released revised standard form listing agreements and other standard forms on Monday, April 29, 2013. The newly revised listing agreements will condition the listing broker’s entitlement to compensation on both the procurement of a buyer and completion of the...
