Sections
27 entriesSection 2079Establishes that it is the duty of a real estate broker or salesperson, licensed under Division 4 of the Business and Professions…Section 2079.1Sets the provisions of this article relating sale transactions of residential real property comprising one to four dwelling units apply with equal…Section 2079.2Establishes that the standard of care owed by a broker under this article is the degree of care that a reasonably prudent…Section 2079.3Sets the inspection to be performed pursuant to this article does not include or involve an inspection of areas that are reasonably…Section 2079.4Requires in no event to the time for commencement of legal action for breach of duty imposed by this article exceed two…Section 2079.5Establishes that nothing in this article relieves a buyer or prospective buyer of the duty to exercise reasonable care to protect himself…Section 2079.6Exempts from the article sales that require a prospective buyer to receive a specified public report and sales permitted without such a…Section 2079.7Exempts a seller or broker from providing additional information about common environmental hazards described in the specified consumer booklet when the booklet…Section 2079.8Exempts a seller or broker from providing additional general information about geologic and seismic hazards and mitigating measures described in the specified…Section 2079.9Exempts a seller or broker from providing additional general information about geologic and seismic hazards and mitigating measures described in the specified…Section 2079.10Requires the following: The seller or broker is not required to provide information additional to that contained in the booklet concerning home…Section 2079.10.5Requires every contract for the sale of single-family residential real property entered into on or after July 1, 2013, to contain, in…Section 2079.10aRequires single-family residential leases and rentals, multiunit leaseholds with more than four units, and one- to four-unit sale contracts entered on or…Section 2079.11Requires compliance with the rule that except as provided in subdivision (b), to the extent permitted by law, the consumer information publications…Section 2079.12Establishes legislative findings and intent only, stating that the referenced real-estate licensee provisions should define and clarify the duty of care identified…Section 2079.13Defines key real-estate agency terms, including agent, buyer, seller, dual agent, listing and buyer agents, transactions, and buyer-broker representation agreements. Defines commercial…Section 2079.14Requires the agency disclosure form in a real-property transaction: the seller's agent must provide it before the listing agreement, and the buyer's…Section 2079.15Requires an agent to prepare, sign, and date a written declaration describing the refusal whenever a seller or buyer refuses to sign…Section 2079.16Requires the real-estate agency disclosure form to print the specified agency provisions on the back and prescribed agency information on the front.…Section 2079.17Requires as soon as practicable, the buyer's agent to disclose to the buyer and seller whether the agent is acting in the…Section 2079.19Establishes that who pays, or is obligated to pay, an agent's compensation does not necessarily determine the agency relationship between the agent…Section 2079.20Allows an agent, as a condition of employment, to select a particular form of agency relationship that the article does not specifically…Section 2079.21Prohibits a dual agent from disclosing a seller’s confidential information to the buyer, or the buyer’s confidential information to the seller, without…Section 2079.22Allows a seller’s agent also to act as a buyer’s agent; the article does not preclude that dual role. Establishes that a…Section 2079.23Allows a contract between the principal and agent to be modified or altered to change the agency relationship at any time before…Section 2079.24Bars construing the article to reduce disclosure duties owed to buyers and sellers by agents, associate licensees, subagents, or employees, or to…Section 2079.25Establishes that the rule contained in subdivision (d) of the referenced transfer-disclosure provision applies throughout this real-estate agency article. Extends that subdivision's…