New Legal Articles Available from CAR

Published: November 20, 2007

<p class="MsoNormal"><font face="Arial" color="#000000" size="2"><span id="ms__id1931" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Member Legal Services has published a new legal article, <a title="http://www.car.org/index.php?id=MTcyOA==" href="http://www.car.org/index.php?id=MTcyOA==">Radon and the Radon Certification Program</a> (November 19, 2007).  It is available on Legal's <a title="/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=Ng==<br />http://www.car.org/index.php?id=Ng==" href="http://blog.srcar.org/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=Ng==" target="_blank">What's New</a> and the <a title="/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=NTgz<br />
http://www.car.org/index.php?id=NTgz" href="http://blog.srcar.org/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=NTgz" target="_blank">Legal Articles</a> pages on<i><span style="FONT-STYLE: italic"> C.A.R. Online</span></i>. </span></font><font face="Arial" color="#000080" size="2"><span style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial"> </span></font><font face="Arial" color="#000000" size="2"><span id="ms__id1932" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">This legal article discusses the issues involved with the environmental hazard, radon gas, such as what it is, how it enters a home, how to test the radon levels, how to monitor and reduce radon levels, and certification of persons who do radon testing and elimination. </span></font></p><p class="MsoNormal"><font face="Arial" color="#000000" size="2"><span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"></span></font></p><font face="Arial" color="#000000" size="2"><span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><p class="MsoNormal"><font face="Arial" color="#000000" size="2"><span id="ms__id1933" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Member Legal Services has published a revised legal article, <a title="http://www.car.org/index.php?id=MTUyMg==" href="http://www.car.org/index.php?id=MTUyMg==">Notice of Default and Investor-Buyer Transactions: Home Equity Sales Contracts Law</a> (November 19, 2007).  It is available on Legal's <a title="/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=Ng==<br />
http://www.car.org/index.php?id=Ng==" href="http://blog.srcar.org/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=Ng==" target="_blank">What's New</a> and the <a title="/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=NTgz<br />
http://www.car.org/index.php?id=NTgz" href="http://blog.srcar.org/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=NTgz" target="_blank">Legal Articles</a> pages on<i><span id="ms__id1938" style="FONT-STYLE: italic"> C.A.R. Online</span></i>. </span></font><font face="Arial" color="#000080" size="2"><span style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial"> </span></font><font face="Arial" color="#000000" size="2"><span id="ms__id1934" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">The introduction of this legal article has been updated to emphasize all four necessary conditions that must be met before the Home Equity Sales Contracts Law applies:<p /></span></font></p><p style="MARGIN-LEFT: 0.5in"><strong><b><font face="Arial" color="#000000" size="2"><span id="ms__id1935" style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">(1)  the property being sold is residential one-to-four units;</span></font></b></strong><b><font size="2"><span style="FONT-WEIGHT: bold; FONT-SIZE: 10pt"></span></font></b><strong><b><font face="Arial" color="#000000" size="2"><span id="ms__id1936" style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">(2)  the owner currently occupies the property;</span></font></b></strong><b><font size="2"><span style="FONT-WEIGHT: bold; FONT-SIZE: 10pt"></span></font></b><strong><b><font face="Arial" color="#000000" size="2"><span id="ms__id1937" style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">(3)  a Notice of Default (NOD) has been recorded against the property; and</span></font></b></strong><b><font size="2"><span style="FONT-WEIGHT: bold; FONT-SIZE: 10pt"></span></font></b><strong><b><font face="Arial" color="#000000" size="2"><span style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">(4)  the buyer does not intend to occupy the property (i.e., buyer is an investor).</span></font></b></strong><b><font face="Arial" color="#000000" size="2"><span style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><p /></span></font></b></p><p><p /></p><p><p class="MsoNormal"><font face="Arial" color="#000000" size="2"><span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Member Legal Services has published a revised legal article, <a title="http://www.car.org/index.php?id=MzcwNDI=" href="http://www.car.org/index.php?id=MzcwNDI=">Errors and Omissions (E&amp;O) Insurance for REALTORS®</a> (November 15, 2007).  It is available on Legal's <a title="/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=Ng==<br />
http://www.car.org/index.php?id=Ng==" href="http://blog.srcar.org/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=Ng==" target="_blank">What's New</a> and the <a title="/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=NTgz<br />
http://www.car.org/index.php?id=NTgz" href="http://blog.srcar.org/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=NTgz" target="_blank">Legal Articles</a> pages on<i><span style="FONT-STYLE: italic"> C.A.R. Online</span></i>. </span></font><font face="Arial" color="#000080" size="2"><span style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial"> </span></font><font face="Arial" color="#000000" size="2"><span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">This legal article has been updated to reflect the special features of the C.A.R.-endorsed E&amp;O insurance policy:  T</span></font><font face="Arial" color="#000000" size="1"><span style="FONT-SIZE: 9pt; COLOR: black; FONT-FAMILY: Arial">hrough the C.A.R. program, a 50% reduction in the deductible that the broker/insured pays is offered if the broker used the RELAY™ Transaction Management program or a home warranty was issued by American Home Shield® on the transaction for which a claim was made</span></font><font face="Arial" color="#000000" size="2"><span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">.<p /></span></font></p></p></span></font>


Last modified: November 20, 2007 at 9:44 am | Originally published: November 20, 2007 at 9:44 am
Printed: September 27, 2020