The CAR forms are standard real estate transaction documents created by the California Association of Realtors (“CAR”).
Reaffirming the longstanding and obvious procompetitive benefit of the Multiple Listing Service, the National Association of Realtors (“NAR”) board of directors voted 729-70 on Monday to pass a restriction on “pocket listings” and “private listing networks.”
One of the many questions we receive from real estate agents is how to count “Days” in the California standard purchase contracts (CAR and PRDS).
Last Tuesday, Gov. Newsom signed a dozen real estate related bills into law to address the state’s rising housing crisis.
The PRDS and C.A.R. contracts are set up to allow a buyer to investigate the property and request repairs during the inspection contingency period.
As many people in the industry are aware, the California legislature passed AB 1482 last week, commonly known as the statewide “rent cap bill.”
The most common claim buyers and sellers make against each other is for the release of the “earnest money” deposit.
As of July 1, 2019, California landlords and property managers with more than ten employees might have to comply with new warning requirements under California’s Safe Drinking Water and Toxic Enforcement Act (“Prop 65”).
Off-market listings, also known as “exclusive” or “pocket” listings, happen when the property is withheld from the MLS.
On January 1, 2019, several real estate “clean-up” laws become effective to eliminate confusion in the existing law.