The California Short Sale Listing Addendum Video Series Video 1

The Realtor’s Boundary: Why They Can’t Advise You on Credit

The California Association of Realtors (C.A.R.) guidelines are clear: A Realtor’s role is to facilitate the sale of the real property. According to the CA Association of Realtors Short Sale Addendum They are prohibited from providing:

• Legal Advice: Interpretations of CCP 580e or deficiency risk.

• Tax Advice: The implications of a 1099-C (Cancellation of Debt).

• Credit Counseling: Specific predictions on how a “Settled for less Full”  status will affect your future loan eligibility.

Most Realtors will simply tell you that a short sale is “better” for your credit. This is a surface-level truth.

But, You May Be Able to Do Better.