CALIFORNIA REAL ESTATE LAW
This CA code governs real estate licensees
What is the California Business & Professions Code?
This form establishes buyer representation, give us the exact name and acronym
What is the Buyer Representation and Broker Compensation Agreement? (BRBC)
California property taxes are primarily governed by this voter-approved initiative.
What is Proposition 13
The book title that defines KW culture and systems?
What is The Millionaire Real Estate Agent?
Metric showing market sales speed
What is days on market?
Required Seller disclosure for known material facts
What is the Transfer Disclosure Statement (TDS)?
This form is used to disclose natural hazards like flood zones and earthquake fault areas.
What is the Natural Hazard Disclosure (NHD)?
This form of ownership gives owners an individed interest with right of survivorship.
What is Joint Tenancy?
Primary KW training framework
What is MAPS Coaching?
Seller’s market indicator
What is months of inventory under 3 months?
The maximum fine DRE can impose per financial violation
What is $25,000 per Act?
FYI: $2500 for minor violations, $10,000 for price gouging, and $25,000 for financial violations.
This document officially transfers ownership when escrow closes
What is a grant deed.
Tax deferral strategy for capital gains on investment property sale?
What is a 1031 exchange?
Financial model name for agent business practice
What is Economic Model?
Pricing mistake causing stale listings
What is overpricing?
What is the first form that shows up when creating a listing agreement, purchase agreement or BRBC?
What is the Agency Disclosure (AD)?
Seller duty after discovering new info
What is amending Seller disclosures immediately?
This reassessment exception applies to certain parent-child property transfers.
What is Proposition 19?
Name the first names of Mr. Keller and Mr. Williams
What is Gary and Joe
Highest duty owed to client funds
What is fiduciary responsibility?
How many years must go by before a Seller or Agent does not need to disclose a death on the property?
What is 3 years.
Disclosure for properties built before 1978
What is the Lead-Based Paint Disclosure?
This ownership structure allows unequal ownership percentages and no survivorship rights.
What is Tenancy in Common?
KW’s belief system acronym
What is WI4C2TES?
NAR ethics enforcement body
What is the Professional Standards Committee?