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Understanding the NAR Settlement
By Thomas Hayostek JD/Bar Candidate In April 2024, the NAR agreed to a $418 million settlement resolving nationwide antitrust litigation arising over claims from home sellers related to broker commissions. In Burnett, a jury found NAR and other nationwide brokerage firms guilty of colluding to artificially raise seller commissions. During the cooperative compensation era, […]
Broker Price Opinions: Benefits and Pitfalls
By Thomas Hayostek JD/Bar Candidate What is a broker price opinion? A broker price opinion (BPO) is a subjective valuation of a property, made by a licensed broker, as it pertains to a potential purchase, sale or lease[i]. To provide a valid BPO in California, the broker must be a licensed broker making the […]
Got Boundary Issues? A Guide to Resolving Boundary Line Disputes in California
Boundary disputes can arise unexpectedly between neighboring property owners, leading to tensions and legal complexities. In California, where property values are high and land is often at a premium, joint boundary line disputes can become particularly contentious. This article provides an in-depth exploration of joint boundary line disputes in California, outlining the causes, legal considerations, […]
Empowering Buyers: The Essential Role of Due Diligence in California Real Estate Transactions
Buying property in California, whether it’s your dream home or a strategic investment, is a significant life decision with far-reaching consequences. In California’s dynamic real estate market, performing due diligence isn’t just recommended—it’s essential. This article explores why due diligence is crucial for buyers in California real estate transactions, showing how thorough research and careful […]
Can I Borrow Against My Property If It’s In An LLC?
When a borrower is an LLC (Limited Liability Company), it means that the entity seeking a loan or engaging in financial transactions is not an individual but rather a business entity structured as an LLC. LLCs are a common form of business structure in the United States and many other countries because they offer limited […]