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Updated 12 days ago, 11/29/2024
CA AB2992: Allows buyer to walk away from buyer-broker agreement
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."