Agents, as if our paperwork wasn't long enough, a new law will take effect next year that will require more dilligence on our part in disclosing certain factors in properties. On July 13, Governor Jerry Brown signed bill AB 1511 into law effective July 13, 2013. The law is a notice regarding gas and hazardous liquid transmission pipelines. the bill will now require residential real property contracts to include the following notice: "NOTICE REGARDING GAS AND HAZARDOUS LIQUID TRANSMISSION PIPELINES- his notice is being provided simply to inform you that information about the general location of gas and hazardous liquid transmission pipelines is available to the public via the National Pipeline Mapping System (NPMS) Internet website maintained by the United Dtates Department of Transportation at http://www.npms.phmsa.dot.gov/. To seek further information about possible transmission pipelines near the property, you may contact your local gas utility or other pipeline operators in the area. Contact information for pipeline operators is searchable by zip code and county on the NPMS internet website." This new consumer notice language is similar to the advisory language that has been in hazard reports since january, 2011.
I was raised in Massachusetts, a "lawyer" state in real estate transactions. Since moving to California, I am overwhelmed by the amount of paperwork required in real estate contracts. If the purpose of these extra notices is to protect the client, doesn't it seem counterproductive to keep making the forms longer and longer? I mean, does ANYONE actually read every form in a California real estate transaction? If you don't mind the paperwork, please contact me for San Diego homes for sale.
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