Laws That Didn't Get Much Attention: The Home Flipper Disclosure Law (AB 968)

Send us Fan MailWhat happens when decades of real estate mastery meet a law most agents have never heard of? You get this episode.Pat Kapowich has guided home buyers and home sellers through every imaginable market cycle—and delivered results that speak for themselves. His home seller clients achieve a median of just 9 days on market for single-family homes and 8 days for condo/townhome listings. That kind of performance doesn't happen by accident. It reflects a strategic, client-focused methodology built over a career.Now, Pat is sharing the insights that set him apart.In the first episode of "Laws That Didn't Get Much Attention," Pat breaks down AB 968—the flipper disclosure law that went into effect July 1, 2024. If you're buying a recently renovated home, this law gives you rights to contractor information, permit documentation, and detailed work disclosures that could save you tens of thousands of dollars.Pat also explains why the California Association of Realtors recommends applying this law to ALL 1-4 unit residential properties—not just single-family homes. What you'll learn:The 3 disclosure requirements under AB 968The 18-month ownership triggerWhy the $500 contractor threshold catches almost all renovation work4 action steps for home buyersAdvice for home sellers: when in doubt, discloseDISCLAIMER: This podcast is for educational and informational purposes only and does not constitute legal, financial, or professional advice. Consult qualified professionals regarding your specific situation. Laws are subject to change.REFERRAL DISCLOSURE: Need a Realtor outside my service area? I personally locate, vet, and interview agents before recommending them—so you get a credentialed professional, not a random name. Referral fees may apply and are paid by the receiving agent, not you.Resources:AB 968 (full text): https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202320240AB968California Association of Realtors: car.orgCalifornia Department of Real Estate: dre.ca.govPat Kapowich: https://www.siliconvalleybroker.com/Host Pat Kapowich is a Certified Real Estate Brokerage Manager and career-long consumer protection advocate.Santa Clara County Association of Realtors 'President's Choice Award' "For demonstrating principles of good real estate practice; promoting and protecting home ownership and property rights; and distinguished service to members and the community."Industry Designations EarnedCertified Residential Specialist (CRS)Accredited Buyer's Representative (ABR)Graduate, REALTOR® Institute (GRI)Seniors Real Estate Specialist (SRES)Certified Trust & Probate Specialist (CTPS)Since 1988, regardless of market cycles, Pat maintains a median of 9 days on market for single-family homes and 8 days for condos/townhomes.Media & Publishing Covered by or written for: The Wall Street Journal, San Jose Business Journal, San Jose Mercury News, East Bay Times, Broker/Agent Magazine, Bay Area News Group, and California Association of Realtors Magazine.Pat is a lifelong resident of Silicon Valley, California. Office: 408-245-7700 | Email: [email protected] | License: Broker# 00979413Real-time market data: https://www.siliconvalleybroker.com/market