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 […]
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 […]
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. […]
Renting property in California is subject to a range of legal regulations aimed at safeguarding the rights of both landlords and tenants. To ensure a positive and mutually beneficial landlord-tenant relationship, it’s essential to include specific provisions in rental agreements that adhere to California’s laws and regulations. This article provides a detailed overview of the […]
The signing of a sales contract in real estate transactions is a defining moment establishing a legal commitment between buyers and sellers. However, there are limitations to the seller’s ability to cancel a sales contract in California real estate and the law stipulates these scenarios. This article will delve into these situations. The Sales Contract […]
In the realm of real estate transactions, the role of a real estate agent is crucial for facilitating smooth and informed deals. However, situations can arise where an agent represents both the buyer and the seller in the same transaction, leading to what is known as “dual agency.” While dual agency can offer benefits such […]
Kendall Law has worked with a diverse array of real estate professionals and we have seen a varying levels of professionalism in the industry when handling cases and real estate matters. As most professionals know, real estate transactions can be significant life events for the parties and involve substantial financial commitments and legal complexities. These […]
Fair Housing is a generic term used to refer to the various federal, state and local laws that prohibit discrimination in housing decisions based on membership in a protected class. While it may be difficult for landlords to know all of the intricacies of the Fair Housing laws, it is critical that they do understand […]
Owning real estate in California comes with a unique set of rights and considerations. The state’s laws recognize the diverse nature of property ownership, allowing a wide range of individuals and entities to hold and dispose of real estate. Whether you’re a citizen, a corporation, or even a prisoner, California grants you the opportunity to […]