Question and Answer Regarding Contingencies

Question: I am a selling agent and my buyer has signed the Contingency for Sale or Purchase of Other Property form (“COP”). When does the inspection contingency time start running? Answer: The contingency time frame begins running upon one of the following: 1. Delivery of escrow evidence

Question and Answer Regarding Service Animals

Question: May a prospective purchaser bring a support animal into an open house?Answer: Probably. Unless there is a compelling reason why a buyer cannot bring a service animal into an open house, the seller should probably permit it to prevent discrimination claims. A compelling reason may be a

Question and Answer Regarding Water Conversation Plumbing Fixtures

Question: I have a seller selling a property with a home built before 2004. He does not know whether the plumbing fixtures comply with the California Conservation Plumbing Act. Does he need to hire a plumber to answer the questions on the Transfer Disclosure Statement?Answer: No, however, your

Congress Addresses PACE Loans

The United States Congress is currently addressing issues arising out of PACE loans. These loans, created by the Property Assessed Clean Energy (“PACE”) program, allow homeowners to obtain financing to make improvements to their home to increase their homes’ energy efficiency. PACE

New Forms Issued by California Association of Realtors

New Forms Issued by California Association of RealtorsOn June 1, 2017, the following forms new forms will be released by the California Association of Realtors:1. Bedbug Disclosure;2. Cancellation of Lease or Rent;3. Pre-Possession Notice to Tenant to Pay; and4. Water Submeter Addendum.These forms
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