It is a quiet Friday morning so I thought that I would debunk some of the myths and rumors about the NAR Settlement. By now, most of you know these facts. Just in case you missed some claims by the not-knowing writers in national publications I present these myths. I am not an attorney but […]
The official name of this bill is “The California Housing Speculation Act”. It is designed to place an extra tax on anyone who buys a property and sells it quickly. The bill was introduced in February and is moving slowly through the hallways. Christopher Ward of San Diego wrote the bill and it is an […]
An Oregon State Law effective January 1, 2022 has been blocked by a Federal Judge. The state legislature believed that letters written by prospective buyers to sellers telling why they should be picked as the buyer when there are many offers. Advocates state that the letters lead to housing discrimination and the judge said that […]
Taking a Stance Some people love it. Some people hate it. Some people do not care a bit about it, and some people do not even know what in the world all the talk is about, and then it hits them and they fall into either category one or two. It involves property tax assessment […]
Changes for 2022 NMLS is constantly making changes for Course Providers like Duane Gomer Education. Due to the pandemic we have been doing webinars instead of seminars and the response has been gratifying. Of course, there will be changes. I believe this latest one will be effective on June 6, 2022. The student’s cameras must […]
SB263 Beginning January 1, 2023 there will be a new 2 hour course required when Real Estate Licensees want to complete their 45 hours of Continuing Education every four years. The course is entitled, “Implicit Bias”. Senator Susan Rubio (D-Baldwin Park), the author said that “Systemic racism and bias can make it even more difficult […]
SB 908 SB 908 was passed in late 2020 and the major aspect is that all Debt Collectors must be licensed through the State Department of Finance, Protection and Innovation by January 1, 2022. Maybe it is time to start the process. It would be a shame if some debt collectors would not be able […]
Tenant Protection Act of 2019 AB 1482 is in full effect. Most all individually owned single family rentals are exempt. But you must notify your tenants of your exemption. Rent Cap and Just Cause Addendum 12/19 I’m using CAR form RCJC, 12/19, a three pager. Good luck.
New changes were passed by the State Senate and Assembly in 2018. The foreclosure volume has almost disappeared, but it is never too late to study foreclosure regulations to “protect your clients.” For more information, I recommend this article from Nolo.com. They are known for protecting tenants and as a Property Manage (CPM) for decades […]
Last URLA Post The last post was written early morning on the 12th of June. The following link discloses that the effective dates were changed and now no one knows when they will start. The lender and servicing lobby strikes again. Will pass along the information when we find it. Theresa Ballard, Compliance Icon from […]
