As of 1/1/18, all newly permitted or remodeled swimming pools and spas in California must have at least two safety features in place to protect children from drowning. Home inspectors doing an inspection for the purpose of a home sale are now required to document which measures are present (if any) and also must note if the pool/spa has fewer than the two safety measures in place. The law also requires that before a city or county can issue a final approval for the completion of ANY construction or remodeling of a residential property that includes a pool or spa, the local building code official will need to inspect the drowning prevention safety features required under the new law (very similar to our water conserving fixtures law). This new statute does not create any new disclosure obligation on the part of agents or single-family residential property owners and is not a point of sale requirement, but it is very important for us to be aware of! Click this link to read the article published by CRES Insurance for more information:
It's that time of year again! Time for our bi-annual release of new and revised CAR forms which is like Christmas morning twice a year for TCs like me! Check out this round of revisions....click the link down below for a downloadable PDF of the updates.
Are you ready for the holiday season? Make sure to prepare yourself and your clients as we go into a season of office closures. Be proactive and plan ahead...don't let holidays cause unnecessary delays!
Real estate paperwork can be downright scary sometimes! One missed checkmark, signature, or deadline can have dire consequences for you or your client. Don't fret....I am here to help! Let me help make sure you and your client are protected all the way through your next transaction. 👻🎃
Disturbing statistics from NAR about wire fraud: There was a 136% increase in worldwide losses between December 2016 and May 2018 from sophisticated scams targeting both businesses and individuals performing wire transfer payments. Scams targeting the real estate sector, specifically, rose 1,100% from 2015 to 2017, with an estimated loss of more than $1.6 billion between June 2016 and May 2018 in the U.S. alone."
Don't let your client be a statistic....there is a new trend in the world of real estate wire fraud. Thieves are now bold enough to CALL buyers and sellers of real estate posing as escrow/title and providing wire instructions over the phone. Please educate your client early on in the process to EXPECT scammers to be on the prowl. This may scare them, but honestly, we should all be scared. It is better to be safe than sorry. Tell them to take the initiative and time to independently verify escrow/title contact info. They need to make a call to that verified number to confirm wiring info before making any transfer of funds. Do not forward wire instructions to your client over email, do not participate in that part of the deal, it is TOO RISKY to you and them! Fake wire instructions are made to look real for a reason.