Completion Bonding & the Approval Process

Any time that the common area improvements will not be completed in a development at the time of the first sale closing, a financial security must be posted to guarantee the eventual completion of the improvement.  The financial security amount is 120% of the estimate cost to complete. While most development planning involves the completion […]

Fiduciary Obligations

According to Wikipedia, a fiduciary “is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person.” In the case of a Subdivider/Developer/Builder, the relationship of trust may include proper […]

RE 618H

In September, a revised RE 618H form was published by the DRE. This revision allows for budget assessment changes in the Public Report. With the new process, we simply need to file an amendment application and $600 fee, then the DRE will approve use of the RE 618H form to be used with the existing […]

Check Out Our Phasing Predictor

You have a new project and you’re ready to get going! You’re just not sure the best course of action to take? Many questions may be crossing your mind, such as, “How many phases should there be?” or “How much money is this going to cost me?” No worries! We’ll help you put the best […]

How Long Does it Take to obtain a Public Report

Sands through the hour glass

This is by far the most-frequent question we encounter in our day-to-day business.  And the good news is, that we can usually provide a fairly good estimate of the time period required for your particular project!  The Department of Real Estate is governed by specific timeframes in which they must respond to an application filing.  […]