Given the varied and multiplying ways real estate professionals can communicate with their clients nowadays, Realtor-backed legislation recently signed into California law may come as a relief to brokers keen on following record retention laws. Brokers do not have to save texts, instant messages or other electronic messages "of an ephemeral nature" connected with a transaction, according Assembly Bill 2136, which was sponsored by the California Association of Realtors. But the law does not specifically mention emails. Therefore, CAR advises Realtors to create a system to store emails with clients that are material to a transaction and relate to licensed activity, if they haven't already done so -- not hard to do since most email programs offer storage at little or no cost. (The ...
Mar 14, 2014 by Andrea V. Brambila
Feb 17, 2012 by Bernice Ross