Legal Updates in Real Estate

FAQ Regarding the National Association of REALTORS® Class-Action Lawsuit Settlement: Impact on Commissions and Home Sale Process

April 15, 2024
devinlucas

The California Association of REALTORS® (C.A.R.) has received many questions about the National Association of REALTORS® (NAR) proposed settlement of the antitrust class action lawsuits brought related to broker compensation. The settlement is subject to final court approval; however, because the release of claims extends through the date of class notice, NAR will be putting … Continue Reading

infographic showing Grant Deed vs Quitclaim Deed information

Grant Deed versus a Quitclaim Deed

March 28, 2024
devinlucas

From our friends at Lawyer’s Title, a great infographic on the differences between a Grant Deed and a Quitclaim Deed. This question often comes up, especially in many of our family transactions involving gifts or inheritance or selling below fair market value here in Newport Beach, Costa Mesa or anywhere in the state of California. (other … Continue Reading

California Real Estate Form of Ownership: How To Take Title When Buying A Home

March 19, 2024
devinlucas

How to take ownership of a property is very important and should be carefully considered, potentially with consideration from your attorney. Here is an overview of the forms of ownership and implications.

An Update From The National Association Of REALTORS® On The Pending Legal Settlement Over Commissions and Clarification that REALTORS® Do Not Set Commissions, Consumers Do

March 19, 2024
devinlucas

As people may know, following years of litigation, The National Association of REALTORS® has reached a tentative settlement in a class-action lawsuit that would enact substantial changes to the way commissions are offered in marketing materials and via the Multiple Listing Service, or MLS. How will this change your real estate sale in Newport Beach, … Continue Reading

Prop 19 Repeal Efforts Update: HJTA collects over half a million signatures for Repeal the Death Tax initiative, misses November ballot

February 26, 2024
devinlucas

An update on the Prop 19 repeal efforts from The Howard Jarvis Taxpayers Association.

shopping store window with "final sale" written on window.

Unlocking “As-Is” Sales in Newport Beach, Costa Mesa and California Real Estate: A Comparative Analysis of “As-Is” vs. “No Contingencies” vs. “Non-Refundable Deposits”

February 16, 2024
devinlucas

There is “as is”, and then there are “no contingencies” sales in California real estate. Here we explore a brief explanation on the difference.

Legal Matters Podcast: the official podcast of the California Association of REALTORS®

January 28, 2024
devinlucas

California Association of REALTORS® Attorneys Jana Gardner and Dana Spears are joined by Attorney Allyson Richman of Californians for Homeownership to discuss the current state of Housing Development Laws in California and the role that Californians for Homeownership plays in promoting development by keeping an eye on local governments across the state. Learn more about Californians for Homeownership’s initiative.

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