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CONGRATULATIONS TO HDAOR!

Congratulations to UtahRealEstate.Com for being the first in the nation to be awarded RESO Data Dictionary v1.5 Platinum and HIGH DESERT ASSOCIATION OF REALTORS® Congratulations-Winnersfor being the second! Registration is now open for the RESO Fall Conference in San Diego. RESO has sold out every event for the past 2 years and encourages everyone to register early to make sure you get a seat at the early bird rate! RESO highlights 2016 Officers, Workgroup Chairs and participants in the latest Press Release. RESO welcomes Systsms.com, Pacific Vista Net, The Group, Inc., Broker Agent 360, Real Geeks and the Fresno Association of Realtors as new valued contributing members to round out the week.

RESO Activity Week of May 1, 2017

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Upcoming Education & Classes

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CLASS DATE & TIME PLACE
     

C.A.R. Education Links

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Interested in more education?

C.A.R. offers education tools:

  • License Renewal
  • Pre-License Training
  • Career Path
  • Designations and Certifications
  • Education Calendar
  • Course Catalog
  • NMLS CE Courses

Click on the link below:

http://www.car.org/education/

REALTOR® Action Fund

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One of the most important services organized real estate provides is representation in the halls of government. REALTOR® Action Fund (RAF) raises money to advance the goals of our REALTOR® political action committees (PACs) at the local, state, and federal levels of government. RAF supports and/or opposes candidates for elected office who understand, or don't understand, REALTOR® Issues.

 Click Here for more information

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Help Protect Your Livelihood

What is RAF Doing for You??

  • Costly and Time Consuming Point of Sale Bills!
  • Independent Contractor Withholding!
  • Costly Transfer Taxes on Real Estate Transactions!
  • Statewide Service Taxes!
  • Mortgage Interest Deduction!

 Your contribution is very important! You may donate any amount you wish, go to ims.vvar.com and under 'Personal Services' click on Contributions. You can choose to pay the recommended amount of $49. or you may 'modify' the amount to an amount you desire. 

 

HORIIKE V. COLDWELL BANKER

HORIIKE V. COLDWELL BANKER-WHAT DOES IT MEAN FOR THE FUTURE OF DUAL AGENCY?

On November 21, 2016 the California Supreme Court announced the long awaited decision in Horiike v. Coldwell Banker. Though there was grave concern the Court might use the opportunity to seriously impair California's dual agency law allowing brokers to represent both buyers and sellers in real estate transactions, the decision was decided on the narrow issue of whether an associate agent working for the seller owes the same fiduciary duty to the buyer that a broker owes to both parties. The court held the associate agent owes the same fiduciary duty to the buyer as the broker owes to the buyer even though the associate agent is representing only the seller in the transaction.

This case arises from the sale of a property in Malibu, California. The property was originally listed by Chris Cortazzo, a salesperson in the Malibu West office of Coldwell Banker. As Cortazzo prepared to list the property, he obtained public record information from the tax assessor's office, which stated that the property's living area was 9,434 square feet, and a copy of the residence's building permit, which described a single-family residence of 9,224 square feet, a guest house of 746 square feet, a garage of 1,080 square feet, and a basement of unspecified area. When Cortazzo listed the property on the MLS in September 2006, however, the listing stated that the property "offers approximately 15,000 square feet of living areas." Cortazzo also prepared and distributed a flyer making the same representation about the property's square footage.

In early 2007, a couple working with another Coldwell Banker salesperson made an offer to purchase the property. By a handwritten note in the disclosures he prepared, Cortazzo informed the couple that Coldwell Banker did not "guarantee or warrant" the square footage of the residence, and he advised them "to hire a qualified specialist to verify the square footage." When the couple requested documentation of the square footage, Cortazzo gave them, through the salesperson, a letter from the architect of the residence stating that "[t]he size of the house, as defined by the current Malibu building department ordinance is approximately 15,000 square feet." In a cover note, however, Cortazzo again cautioned them that they should "hire a qualified specialist to verify the square footage." The couple requested an extension of time to inspect the property, which the trust refused to grant. In March, the couple canceled the transaction.

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