Welcome to the Legal Section of C.A.R. Online, where REALTORS® legal needs are met with the latest information and legal updates. Look below for the latest legal news during the last two months. You'll see Regulatory News, new Realegals®, and What's Hot announcements.
July 22, 2016 (revised) Legal Article: This legal article covers several important contract law issues. It is by no means a complete discussion of all areas of contract law, but addresses several topics which should help clarify contract issues relevant to those in the real estate industry.
July 18, 2016 (revised) Legal Article: There are certain obligations that businesses have in the event that the security of their computerized system is breached. This Legal Q&A discusses those obligations as set forth in California law.
July 18, 2016 (revised) Legal Article: One method of marketing and selling property known as "range pricing" is used by various real estate offices. It is also referred to as "value range marketing." Under range pricing, the listing broker and seller select a range of prices for the listing price of the property as opposed to a single listing price.
July 14, 2016 (revised) Legal Article: How can a seller, who is in contract, cancel the CAR residential purchase agreement? Agents too often attempt to take short cuts which lead to a cancellation that is questionable. This new Q&A takes you step by step through the process with the goal of achieving a proper legal cancellation which will be difficult for the buyer to challenge.
July 12, 2016 (revised) Legal Article: Effective July 6, 2010, the EPA amended the federal regulations found in 40 CFR part 745, to
remove the opt out provision where a homeowner could opt out of the Lead-Based Paint Renovation Rule by signing a waiver that there were no children under age 6 frequently visiting the property, no one in the home is pregnant, or the property is not a child-occupied facility.
July 8, 2016 Legal Article: In a typical transaction HOA assessments are paid current. But what if the property is acquired without satisfying outstanding assessments or liens as if often the case after a foreclosure? This Q&A explains assessments in terms of personal liability and as liens against the property and how those two types of obligations may apply to future owners especially in the case where the property is acquired after foreclosure.
June 30, 2016 What's New: The Federal Trade Commission has charged the operators of a mortgage relief scam with bilking millions of dollars from homeowners by falsely telling them they could join a so-called “mass joinder” lawsuit that would save them from foreclosure and provide additional financial awards.
June 28, 2016 Legal Article: It is becoming more common to hear of real estate transactions being hacked. The schemes and ploys are ever changing, and new ones seem to develop as quickly as the older ones are exposed. To prevent you and your client from falling victim to the theft of thousands of dollars, common sense procedures are recommended.»
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