In a recent article, one real estate broker calling herself an ‘expert’ on the standard of care – sets forth a series of steps she says a buyer’s representative should “always” follow when it comes to disclosures, and consultation with a client. Do you agree that this higher standard should apply? Have you met it?… CONTINUE
Welcome back – DRE
In case you missed it, let’s not forget to welcome back the “old” DRE. You may remember that Gov Brown, in a ‘cost saving’ effort, moved the DRE to the Department of Consumer Affairs a few years ago. Well, that didn’t work so well. Millions more ended up being spent. In a rare example of… CONTINUE
What’s Buried in Your file?
I’ve been harping on this one for a while, and here’s an example of the ‘relationship’ between Banks and REO properties, and the brokers that serve them. Abby Agent of The Brokerage Inc gets a listing from Chase of America Fargo to sell a former auto-body shop. Her on-site inspection reveals oil stains all over… CONTINUE
We’re Just a Phone Call Away.
Abby Agent was hired by Samuel Seller to list his commercial property on Industrial Way. Happy to get a big dollar listing, Abby got all the paperwork signed, put up a sign, started dialing potential buyers and working it. Hard. Barry Buyer bit at the chance to buy the warehouse, and emailed the offer to… CONTINUE
Trees: Some Hug Them, Others … Make Bonfires
Trees can be a wonderful thing. Graceful ancient redwoods. Shade giving valley oaks. They are emblems of Mother Nature at work. They also grow and block views. And of there is one thing that will get somebody’s knickers in a knot, it’s the neighbor’s dang tree that they refuse to trim or top that… CONTINUE
Drive By Doofus
You’ve heard of a “drive by appraisal,” right? One where the appraiser is a little busy that day, drives by the outside of the property, then checks on Zillow for some ideas about what the inside might look like. Especially in condos, or condo-conversions. They all look alike after a while – right? And appraisers… CONTINUE
Giving Trailer Trash a Whole New Meaning
Greed is good when it comes to real estate deals, right? Well, not always. Here’s a tale about an owner who thought he had earned a fast buck. And he might have, if he had played his cards right. This story is all about tendering performance, and the traps that can result. (Adapted from Rutherford Holdings v…. CONTINUE
How Old for Mold?
Black mold can cause serious health issues, and it certainly did in this case. In fact, it harmed the child of a couple that bought a home that was found to have black mold. Find out who, if anyone, was held liable for the injury to this child.
Julia Morgan Fraud or April Fools Joke?
In this story, an architect relied on a broker’s representation that the house he was buying was designed by famous architect Julia Morgan. See what happened when that characterization became a little murky, and the lesson to be learned for all real estate professionals. (Adapted from Jue v. Smiser, 23 Ca.App.4th 312)
The House on the Hill that Went Slip Sliding Away
Where did the requirement for a broker to conduct a reasonably competent, diligent, visual inspection of accessible areas of a property come from? Christopher Hanson takes you back 30+ years to reveal the case that brought that obligation into reality…
Condo Water Problems
One judge commented that construction defect litigation around condominium complexes is as “common as crabgrass,” and this story certainly strengthens that observation. Watch this curious case where a buyer was fully aware of the litigation surrounding water intrusion challenges at this particular complex, bought the unit anyhow (at a discount), then sued the broker when… CONTINUE
Gnarly Neighbors
Have you ever had an experience with neighbors who, shall we say, are less than neighborly? What if you want to sell your home for top dollar? Then you’d better not mention those neighbors, right? Watch this story to find out what happened when the seller didn’t disclose those gnarly neighbors.
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