The recent Southern California wildfires have prompted Executive Order N-7-25, which directly impacts real estate professionals working in fire-affected areas. This Order, effective until April 14, 2025, aims to protect property owners from unsolicited offers that fall below fair market value.
As a real estate professional, it is essential to understand the policy details to avoid unintentionally violating the Order and to guide your clients effectively.
Why You Should Read the Full DRE Notice:
- Compliance with New Regulations: Learn how the Order prohibits unsolicited offers in specific zip codes and the penalties for violations, including fines and possible imprisonment.
- Educate and Protect Clients: Understand how to support clients who may be vulnerable to predatory practices after the fires.
- Identify Risk Areas: Recognize actions that could inadvertently fall under prohibited practices.
- Access Resources: Discover tools and guidance to help your clients navigate their decisions responsibly.
The full notice provides critical information about the affected areas, definitions of unsolicited offers, and examples of practices deemed unlawful under the Order.
Stay informed to maintain professionalism and compliance. Click here to read the full notice and ensure you’re equipped to support your clients while adhering to the guidelines.