Author Description

The 17th edition of California Real Estate Principles by Walt Huber addresses some of the biggest changes in the real estate industry in years. Our last edition dealt with the new bias and fair housing education requirements mandated by state law, and this edition covers equally important new information.<br/><br/>As a result of a NAR antitrust lawsuit, much has changed in terms of the buyer broker relationship. Although California has always allowed negotiation in regard to commissions, the new policy eliminates the common practice of publishing the commission split in the MLS that a seller's broker will pay to the broker who finds a buyer for the property. Real estate practitioners are scrambling to figure out how to abide by new rules, and we do our best to simplify the process for our readers.<br/>We have included the main eight forms used in the CAR Listing Agreement bundle and the nine forms used in the CAR Purchase Agreement bundle. In Chapter Four you'll find the newly created Buyer Compensation Advisory (BCA) and a new section on Buyers Agency, including the updated Buyer Representation and Broker Compensation Agreement (BRBC).