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Median Home Price
San Francisco Bay: November '08 median home price: $473,510
The CALIFORNIA ASSOCIATION OF REALTORS®
(C.A.R.) has launched “At home with green™,” a Green Web site, focusing
on the Association’s new Green Initiative and providing information to
homeowners, REALTORS®, and the general public on how to green their
homes, offices, and lives.
Referrals are generally considered a mainstay of a REALTOR®'s business. Yet, as soon as a real estate agent gives or receives some sort of payment in exchange for a referral, that agent could run afoul of the law. To exacerbate matters, the laws surrounding referrals are complicated and confusing.
This legal article provides REALTORS® with general guidance on referral arrangements. The first part sets forth the federal and state laws involving referral arrangements. The second part discusses specific referral arrangements commonly contemplated by REALTORS®.
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