On Dec. 10, 2018, C.A.R. and zipForm® released 2 new forms and 32 revised forms. The new forms: • The Buyer Pre-Occupancy Storage Agreement (POSA) • The Summary of Offer RIPA (SUM-RIPA) The revised forms: • 12 were revised to make them easier to understand and use. • The remaining 20 revised forms include statutory changes […]
CA Supreme Court Rules on Dual Agency Case
The California Supreme Court ruled unanimously this week that a real estate professional who represented a seller of a home owed a fiduciary duty to not only the seller but also the buyer if the buyer’s agent happens to work for the same brokerage. Some in the industry are closely watching the case and questioning […]
Lawsuit Calls PACE Practices ‘Predatory’
A class action lawsuit against HERO/PACE lender Renovate America, Inc., and the San Bernardino Associated Governments (SANBAG) was filed on Nov. 1, alleging “predatory characteristics” and a “pervasive pattern of false, deceptive and otherwise unlawful practices” regarding Home Energy Renovation Opportunity Loans (HERO Loans). Renovate America, Inc., originates loans for energy efficiency improvements, such as […]