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Updated 12 days ago, 11/29/2024

User Stats

115
Posts
59
Votes
David C.
  • Lender
  • Los Angeles, CA
59
Votes |
115
Posts

CA AB2992: Allows buyer to walk away from buyer-broker agreement

David C.
  • Lender
  • Los Angeles, CA
Posted

I'm curious how CA agents can make a living with laws like AB2992 that state:

  • "If the out-of-pocket costs to pay their agent remain too great and the seller and buyer have not yet reached an agreement on the sales price and/or terms, the buyer may walk away from the subject property provided there is an exit clause, proceed without representation, or approach the seller's agent about possible dual agency representation."

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