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 weeks. You'll see Regulatory News, new Realegals®, and What's Hot announcements.
Scam Watch The "Scam Watch" feature will provide you with a summary of all the latest short sale and foreclosure scams. Included is a "Scam Resources" feature to provide you with tools to assist your clients in avoiding scams. Check back frequently since this feature is updated on a regular basis.
Attorney Outreach Calendar C.A.R. attorneys visit real estate offices and local associations throughtout the state providing an opportunity for a live discussion of current legal issues as well as training sessions on the use of new C.A.R. standard forms.
Apr. 8, 2015 Legal Article: Beginning August 1, 2015, the Good Faith Estimate (GFE), the HUD-1 and the Truth-in- Lending Act (TILA) disclosures will be replaced in most transactions by two new forms – the Loan Estimate and the Closing Disclosure.
Feb. 25, 2015 Legal Article: The C.A.R. Form titled Wood Destroying Pest Inspection and Allocation of Cost Addendum (WPA) was removed from the C.A.R. Standard Forms library when the revised Residential Purchase Agreement (RPA) was released in November 2014. C.A.R. members who were used to using the WPA have inquired why the change was made and what impact it will have on real estate transactions. This Q&A addresses the most common questions about removal of the WPA as well as makes suggestions for how to proceed in current transactions using the available forms.