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What Agents Need to Know about Trustee – Seller Transactions

Transactions involving residential assets in the name of a revocable trust could prove daunting for some real estate professionals, but not to worry. This is where an experienced escrow officer steps in to handle all the details and make the process as smooth as possible for both buyer and the seller. The escrow officer’s primary responsibilities are to identify and...
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April 4, 2016 / Leave a comment / By

Tax Withholding on Property Sales: What your Clients Should Know

Many sellers are unaware that the state of California requires tax withholding on the sale of all real estate property. Similar to the federal government’s FIRPTA (Foreign Investment in Real Property Tax Act) withholding laws, the State wants to enforce tax collection on those who do not live in, or who move out of, California. How is Withholding Calculated? Withholding tax is calculated in...
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March 8, 2016 / Leave a comment / By