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July 02, 2024
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1 min read
Report on CAR Proposed Seller Listing Agreement
Tanya Monestier, law professor at the University at Buffalo Faculty of Law, on behalf of the Consumer Federation of America, authored the following report. The report critically analyzes the proposed Seller Listing Agreement by the California Association of Realtors (C.A.R.), highlighting its complexity and potential confusion for sellers. It points out that the agreement, laden with jargon and cross-references, makes it nearly impossible for sellers to fully comprehend what they are agreeing to. The report details substantive issues like dubious compensation structures and dual agency provisions that could disadvantage sellers, urging a complete revision of the current draft to ensure fairness and clarity.
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