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Reminder to Retain Emails and Texts of Substance in Transaction Files

Reminder to Retain Emails and Texts of Substance in Transaction FilesThe California Bureau of Real Estate document retention policies include retaining emails and texts of substance in transaction files. Recently, it has come to our attention that several brokers were not aware of this policy.
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Question and Answer Regarding Discriminatory Marketing Practices

Question and Answer Regarding Discriminatory Marketing PracticesQuestion: I am a listing agent and my seller wants to market the property as being “gay.” Is that advisable?Answer: No. Setting aside whether this is a good marketing strategy, such marketing is not recommended. Sexual
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Landlords May Not Collect Rent on Unpermitted Residential Units

Landlords May Not Collect Rent on Unpermitted Residential UnitsRecently, an Appellate Division of the Los Angeles Superior Court refused to force a tenant to pay rent on a residential unit, which was unpermitted and did not have a certificate of occupancy. The landlord had served a three (3) day
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Water Conserving Plumbing Fixtures Law

Water Conserving Plumbing Fixtures LawEffective January 1, 2017, California law will require property owners for properties built before 1994 to install water-conserving plumbing fixtures by 2017 for single family properties and by 2019 for all other properties. In addition, if a property is altered
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eClosings?

eClosings?A new concept is being tried, which involves the electronic close of escrows. Some companies are contemplating whether to move forward with handling escrows electronically through escrow companies, which have virtual offices.Under this concept, all of the documents would be sent to the
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Question and Answer Regarding Counter-Offer

Question: I represent buyers in a transaction. They wrote an offer to purchase a property. The sellers issued a counter-offer. The buyers signed the counter-offer and returned it to the sellers within the time frame permitted. The sellers now want to renegotiate the deal and the listing agent claims
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Bay Area Crisis Nursery

The Shannon B. Jones Law Group is currently collecting food and toys for the Bay Area Crisis Nursery. Barrels are located at their office located at 208 W. El Pintado, Danville, California. All contributions are welcome.

Question and Answer Regarding Transfer Disclosure Statement

Question and Answer Regarding Transfer Disclosure StatementQuestion: I understand that a buyer has an automatic right of rescission after receiving a completed Transfer Disclosure Statement (“TDS”). What happens if the selling agent does not complete their section of the TDS? Can the
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Tax Relief Bill for Distressed California Homeowners Rejected

Tax Relief Bill for Distressed California Homeowners RejectedWhen the California real estate market took a downturn in 2007, the legislature responded by providing mortgage relief. Under this law, if a Californian sold a home where the amount of the loan was greater than the value and the lender
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