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, […]
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 […]
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, […]
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 […]
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 […]
In the realm of real estate transactions, transparency and honesty are paramount. For sellers in the state of California, one common practice is to provide a seller disclosure form, detailing important information about the property’s condition and history. However, there are scenarios where not filling out a seller disclosure form may be a strategic decision. […]
In the realm of real estate the full and accurate disclosure of material facts is both an ethical obligation and a legal requirement. Failure to disclose crucial information about a property can result in significant legal repercussions for buyers and sellers alike. This article explores the importance of disclosing material facts, the potential legal consequences […]
Real estate transactions are complex undertakings involving multiple parties, legal obligations, and financial commitments. In the state of California, as in any other jurisdiction, a real estate purchase contract outlines the terms and conditions that bind both the buyer and the seller. Unfortunately, there are instances when a buyer fails to perform their obligations under […]
In the realm of tenant-landlord relationships, there are instances when unique circumstances necessitate additional considerations to ensure the well-being and comfort of all parties involved. One such situation arises when a tenant requires the assistance of a live-in caregiver. In California, having a Live-In Caregiver Addendum to a lease can play a crucial role in […]
The Homelessness Prevention Act (SB 567), was just signed by the governor which makes significant changes to the AB1482 Tenant Protection Act of 2019. The changes go in effect April 1, 2024. This article highlights some of those changes. Substantial Remodel Under the current law, if you want to terminate for a substantial remodel, you […]