Real Estate Fire Disclosures and Defensible Space Updates

Slide Note
Embed
Share

Updates on fire hardening, defensible space disclosure, and addendum requirements in real estate transactions. Includes revisions to disclosure questions, defensible space decision tree, and wildfire disaster advisory. Resources for maximizing member legal services are also highlighted.


Uploaded on Jul 15, 2024 | 0 Views


Download Presentation

Please find below an Image/Link to download the presentation.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.

E N D

Presentation Transcript


  1. FIRE DISCLOSURES UPDATE Jana L. Gardner, Senior Counsel, C.A.R. July 28th, 2022

  2. Fire Hardening and Defensible Space Disclosure and Addendum Removed advisory language to WFDA Lists requirements for paragraph 2 and 3 Fire Hardening questions reformatted to follow SPQ/TDS format

  3. Fire Hardening and Defensible Space Disclosure and Addendum 3A. The first question 3B. A disclosure of known status 3C. Agreement. 3 buyer options and 3 seller options Default to buyer to comply after COE If local, buyer unless local law requires seller to comply Auto-fill from DSDT but only if in zipCommunity #4 if inspection report obtained whether or not in seller possession

  4. Defensible Space Decision Tree Bundled with FHDS Can auto-fill FHDS, but only if using zipCommunity (Share tool) in zF https://www.car.org/en/riskmanagement/live

  5. Defensible Space Decision Tree

  6. Wildfire Disaster Advisory (WFDA) Advisory language added from former FHDS form Seller may choose to use FHDS even if not required.

  7. Making the Most of Member Legal Services Legal Hotline Broker Line (213) 739-8350 Car.org -> Transaction Center -> Risk Management Legal Live Webinars All Legal Content Organized by Topic Legal Q&As Quick Guides Legal Matters Podcast

Related