At the end of November, the California Association of REALTORS® released numerous new and revised forms, which we covered in two Courtside Newsletters. However, noticeably absent from those reviews was the Residential Purchase Agreement (RPA). According to the California Association of REALTORS®, “the RPA form is the cornerstone of every successful real estate transaction in the state of California and there are several essential concepts, principles, and facts about this form that all REALTORS® should know.” The RPA has been changed in so many ways that we felt it deserved a special Courtside Newsletter that would focus on the changes to this important document. Click here to read the full article on the RPA changes.
This month’s Newsletter focuses on the recent court case of Horiike v. Coldwell Banker. In Horiike v. Coldwell Banker Residential Brokerage Company, et al., the California Court of Appeal further clarified the fiduciary duty of a salesperson in a dual agency relationship. Specifically, the Court addressed the question of whether a listing agent working under a dual agent brokerage owes a fiduciary duty to the buyer of a real property. Read more by clicking HERE.