The California Legislature has enacted a new version of the statutory Real Estate Transfer Disclosure Statement ("TDS") that is required to be used whenever a real property transaction has "not less than one nor more than four dwelling units," and is not otherwise exempt. The new version of the TDS must be used on and after July 1, 2014, but can, and for the reasons discussed below, should be used immediately.
Please note that the annual charges for leasing your Supra ActiveKey (the replacement for the DisplayKey) or eKey is changing, as outlined in your newly signed key agreement and will be reflected on your third quarter billing statement, sent out the first week of June.
In response to a recent appellate court decision, SFAR is releasing a new advisory to use in transactions involving "mixed use" properties. A copy of this new advisory is now available on the SFAR member website until it becomes available on the zipLogic and Instanet forms platforms.