What is the Realtor's Limo, Lunch and Learn Program?
California home sellers who purchased a Property ID (brand) Natural Hazard's Disclosure (NHD) report when they listed their homes with Coldwell Banker, Prudential California Realty, RE/MAX, Century 21 or ERA Real Estate may be entitled to a full refund of the cost of the NHD disclosure as part of a settlement of a class-action lawsuit.
California sellers are required by law to make a Hazard's Disclosure. Other than by looking at maps and maps and accepting liability for an error, the simpler way to disclose is to purchase a Hazard's Disclosure Report. The problem allegedly arose because Realtors and their Brokers were steering business to Property ID (brand) so that the (above named brokerages) could pocket a $25.00 kickback from each policy. If approved, an administrator will mail claims applications to eligible home owners. Read more here:
Read Property ID’s spin
Property ID has been hosting a “Limo, Lunch and Learn Program” since 2001. As I don’t need a ride in a limo or a champagne lunch, I haven’t been, but they seem to always have had a full house. Here’s the description from their web site:
Property I.D.'s Limo, Lunch, and Learn (LLL) program was established in March of 2001. Created exclusively for real estate agents and brokers, the program provides educational information about natural hazard disclosure and the ever changing real estate industry. Over thirty thousand agents from all over California have already taken advantage of this opportunity and their feedback has been extremely positive.
At an LLL event, each participating office is picked up by limousine; given an exclusive tour of Property I.D.'s 55,000 square foot research facility; served a sumptuous, champagne lunch with pastries from one of LA's finest bakeries; and has the opportunity to partake in a brief, informative presentation on hazard disclosures and the law. Afterwards, limousines are waiting to take you back to your office, arriving no later than 3:15 P.M.
California sellers are required by law to make a Hazard's Disclosure. Other than by looking at maps and maps and accepting liability for an error, the simpler way to disclose is to purchase a Hazard's Disclosure Report. The problem allegedly arose because Realtors and their Brokers were steering business to Property ID (brand) so that the (above named brokerages) could pocket a $25.00 kickback from each policy. If approved, an administrator will mail claims applications to eligible home owners. Read more here:
Read Property ID’s spin
Property ID has been hosting a “Limo, Lunch and Learn Program” since 2001. As I don’t need a ride in a limo or a champagne lunch, I haven’t been, but they seem to always have had a full house. Here’s the description from their web site:
Property I.D.'s Limo, Lunch, and Learn (LLL) program was established in March of 2001. Created exclusively for real estate agents and brokers, the program provides educational information about natural hazard disclosure and the ever changing real estate industry. Over thirty thousand agents from all over California have already taken advantage of this opportunity and their feedback has been extremely positive.
At an LLL event, each participating office is picked up by limousine; given an exclusive tour of Property I.D.'s 55,000 square foot research facility; served a sumptuous, champagne lunch with pastries from one of LA's finest bakeries; and has the opportunity to partake in a brief, informative presentation on hazard disclosures and the law. Afterwards, limousines are waiting to take you back to your office, arriving no later than 3:15 P.M.
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10/22/2008 8:12 AM
Los Angeles Real Estate Blog wrote:
California home sellers who purchased a Property ID (brand) Natural Hazard's Disclosure (NHD) report when they listed their homes with Coldwell Banker, Prudential California Realty, RE/MAX, Century 21 or ERA Real Estate may be entitled to a full refund of the cost of the NHD disclosure as part of a settlement of a class-action lawsuit. California sellers are required by law to make a Hazard's Disclosure. Other than by looking at maps (and more maps) and accepting liability for an error, the simplest way to disclose is to purchase a Hazard's Disclosure Report. The problem allegedly ... -
10/22/2008 8:13 AM
Los Angeles Real Estate Blog wrote:
California home sellers who purchased a Property ID (brand) Natural Hazard's Disclosure (NHD) report when they listed their homes with Coldwell Banker, Prudential California Realty, RE/MAX, Century 21 or ERA Real Estate may be entitled to a full refund of the cost of the NHD disclosure as part of a settlement of a class-action lawsuit. California sellers are required by law to make a Hazard's Disclosure. Other than by looking at maps (and more maps) and accepting liability for an error, the simplest way to disclose is to purchase a Hazard's Disclosure Report. The problem allegedly ...
Thats an interesting limo! It can be a truck too! Fun and functional!
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