Introduction In California real estate transactions, the real estate licensee who represents a buyer often works without the benefit of a written agreement with the buyer. Buyer’s agents, who typically receive compensation for their services from the seller’s broker pursuant to the Multiple Listing Service agreement, often do not see any need to have a written […]
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In the realm of real estate, Ashby & Graff Real Estate Associates must uphold their professional obligation to show and market properties regardless of commission offered. This post serves as a concise reminder of the importance of fulfilling this obligation. The Obligation: As real estate agents, you carry a fundamental obligation to your clients. This […]
Recent events within our industry call for our attention. A jury has rendered a decision against the National Association of Realtors and various brokerage firms in an antitrust lawsuit, which has potential implications for commission practices across the real estate landscape. It's important to note, however, that this is not the final chapter in the story. Appeals are [...]
We have some exciting changes ahead! Our current Agent Referral Program (ARP) will be discontinued on December 9, 2023, to make way for an improved ARP currently in development. No New Earnings During Development: During the development of the new ARP, please note that no new earnings will accrue under the existing program after December [...]
Today, we are going to discuss a crucial aspect of our industry that is often overlooked or misunderstood – the obligation of licensees in all transactions involving them or their immediate family members. At the outset, it’s important to recognize that the real estate industry is heavily regulated to protect consumers and maintain the integrity […]
All Associates are reminded of their requirement to report any new transaction within 48 hours of receiving executed documents. Transactions may only be reported at www.updatebroker.com and should only be reported in once. Documents related to the transactions must be uploaded to the brokerage portal for review within 48 hours of the document being fully […]
Last year, NAR reached an agreement with the U.S. Department of Justice to develop rules that more explicitly state what is already the spirit and intent of NAR’s Code of Ethics and MLS policies regarding providing information about commissions and MLS participation. Outcomes The National Association of REALTORS Board of Directors this week approved several […]
AB 38 created three new requirements for sellers and buyers in many areas of the State – two disclosures and one point-of-sale requirement for inspection (and compliance documentation). A new C.A.R. FHDS form was released the week of June 21, 2021. Disclosure 1: Begins January 1, 2021, Home Hardening Disclosure, reflected in the draft FHDS Form. Disclosure 2: […]
This past November, NAR reached an agreement with the U.S. Department of Justice to develop rules that more explicitly state what is already the spirit and intent of NAR’s Code of Ethics and MLS policies regarding providing information about commissions and MLS participation. Expected Outcomes In accordance with the MLS system’s long-standing focus on creating an […]
Equal Employment Opportunity Commission, the EEOC, provides enforcement and prevention information to stop sexual harassment in the workplace. It can be found at www.eeoc.gov, or at 1-800-669-4000. National Sexual Assault Hotline is found at (800) 656-4673, where a trained operator will be able to speak with you and provide guidance and support. National Women’s Law Center […]
