A new law, Assembly Bill 2493, strictly limits when and how a landlord or agent may charge a potential tenant a screening fee. The main thrust of the law will give a landlord two options: Option one: Charge a screening fee only for the selected tenant. Screening fees must be returned to all other applicants.The […]
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To comply with the NAR settlement the following new rules are now in effect: Learn more here: https://www.smartzonecar.org/newformsandbusinesspracticeresources
Make sure you are prepared for upcoming practice changes as a result of the NAR settlement by bookmarking C.A.R.’s business practice changes resource hub. This page contains over a dozen links to webinar recordings, FAQs, sample forms, and more that you can access at any time to get answers and information about how the upcoming […]
Under practice changes that will take effect Aug. 17, 2024, real estate professionals will no longer be able to communicate offers of compensation in the MLS. However, offers of compensation will continue to be an option consumers can pursue off-MLS through negotiation and consultation with their real estate professionals. MLS policies have been changed to […]
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 […]
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 […]
