Differentiating between an agent and a broker can be a tricky business as many courts have conflated the two terms as meaning the same thing even though there are significant differences between the two. An agent customarily represents insurers to sell people products, while brokers represent people when they are deciding between insurance policies. Broker...
A real estate transaction will involve a seller offering a home or property for sale and a buyer agreeing to purchase the property. There will be several steps in buying a house, and the steps can vary depending on the type of transaction and California state regulations. Before a closing can take place, many other...
Escrow is a term that is commonly used in real estate that relates to a process in which a neutral third party holds funds or documents during a transaction between a buyer and a seller. The escrow procedure will confirm that all agreement terms are satisfied and both parties are protected from fraud and other...
Acquisitions and dispositions are two terms people commonly hear throughout the real estate process. The terminology only refers to the processes of acquiring or selling real property. Whether a person is an investor or an owner-operator, it is always a big day when a company is either purchasing an asset or selling one. Our Los...
A commercial lease will be an important part of any business, and most landlords do not expect people to immediately sign the first draft of a proposed lease as negotiations are expected in these situations. The commercial lease agreement a company is originally presented with will certainly favor a landlord, so there will often need...
The California Commercial Lease Agreement (Form CL) is a binding contract between a landlord and a business tenant renting space for non-residential use. It will outline the terms and conditions of a lease, including rent payment, security deposit, length of lease, and penalties for breach of contract. Many specific restrictions, stipulations, and features of a...
The California Commercial Lease Agreement (Form CL) is a binding contract between a landlord and business tenant renting space for non-residential use. It will outline the terms and conditions of a lease, including rent payment, security deposit, length of lease, and penalties for breach of contract. Many specific restrictions, stipulations, and features of a lease...
Mergers and acquisitions (commonly referred to as just M&A) is an umbrella term for various business transactions in which ownership of companies, other business organizations, or operating units are transferred to or consolidated with another company or organization. Mergers and acquisitions are actually two separate things, and the phrase actually encompasses corporate sales, purchases, and...
The California Residential Mortgage Lending Act (CRMLA) is found in Division 20 of the California Financial Code, and regulations are contained in the California Code of Regulations. The CRMLA was enacted in 1994 and became operative in 1996, and it authorizes licensees to make federally related mortgage loans, to make loans to finance the construction...
The United States Equal Employment Opportunity Commission (EEOC) states that discrimination involves various types, including age, disability, equal pay/compensation, genetic information, harassment, national origin, pregnancy, race/color, religion, retaliation, sex, sexual harassment, and sexual orientation and gender identity. EEOC statistics show that there were 61,331 total charges in fiscal year 2021, and 34,332 of those charges...
