April California Interactive Market Stats
CAR Just released the April interactive market statistics. Choose a county to see the latest statistics.
National Real Estate Weather Report
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Do you know how to turn off the gas?
In light of the recent earthquake, do you know how to turn off the gas? I remember the direction by saying, "You only need to see the red (cross) + in an emergency"--the "+" is the direction of the shut off valve to turn off the gas. More info can be found here-- http://www.pge.com/en/safety/gaselectricsafety/turngasoff/index.page Info on earthquake preparedness-- http://www.fema.gov/media-library/assets/documents/3234 Stay safe and keep a pair of shoes under your bed!
Supreme Court Rules on Dual Representation
I mentioned earlier in September about how 2 Coldwell Banker agents represented a buyer and seller in a transaction and there was a discrepancy in the square footage. The buyer sued Coldwell Banker and the agents. The heart of the question was, does the listing agent owe a fiduciary duty to the buyer and since Coldwell Banker is the brokerage to both the buyer and seller? The answer is YES. There are a lot of ramifications to this decision and we will have to see how things pan out. Case Summary and decision-- http://www.courts.ca.gov/opinions/documents/S218734.PDF
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