Hello everybody.
Thank you for coming to this week’s video
blog here at California Realty Training.
I hope you’re having a great day.
Listen, as usual, my name is Robert Rico.
I’m hoping to bring some great stuff to you.
It’s an exciting day and exciting time, especially
in real estate.
Real estate is booming, and we want you to
get involved with this and make some money
if you can.
These commissions are handsome, why not get
your hands on some of this.
So listen, today’s topic, because we do want
to enhance your knowledge in real estate,
today’s hot topic is a rather, well it’s a
strange one, but it’s something that you need
to know and be aware of because it does exist.
Now, this is the deal, I want to give you
an example of something.
Let’s assume you’re dealing with a buyer,
hell, let’s assume you are a buyer, and your
excited.
Most buyers are excited.
It’s an emotional time when you’re buying
a house, and your excited and you and your
spouse are like, oh, I can’t wait to buy the
house, it’s gonna be big, we’re gonna do this
to it, we’re gonna design it.
Anyway, it’s an exciting time right, and then
you find that house of your dreams.
You find the house of your dreams.
It’s beautiful, it’s just what you expected.
So, it’s a beautiful house, and you get in
the escrow.
Seller accepts your offer and now you’re in
escrow.
You’re in a legal and binding contract.
Next step of course is the seller provides
the buyer, the seller provides you the buyer
with disclosures.
Now, we know what disclosures are, we discussed
that in the past.
The word disclosures, cut it down, disclose.
They tell us everything there is to know about
this house, and the general area of this house.
You get that information, and you review it
and you’re looking at it, and you say yeah,
I know, I accept, I accept, I accept.
Today I wanna talk to you about a disclosure
that’s very, that’s extremely necessary, and
it’s extremely important, in some cases, it
can be uncomfortable to talk about, but dog
gone it, it’s really necessary to talk about,
and that’s the Megan’s Law disclosure.
I want you to think about this.
Some of you don’t know what a Megan’s Law
disclosure is all about, but I want you to
make sure you understand how it is, how it
works, I want it to be crystal clear when
it comes to the Megan’s Law data base disclosure.
It dates back to 1994, in July of 1994, think
about this, in late July in 1994 there was
a little girl named Megan Kanka.
Megan Kanka, a little girl, seven years old.
This little girl is seven years old in New
Jersey was raped and murdered by a hooligan,
and her parents weren’t gonna have any nonsense
as far as why did this happen.
They wanted to know how the hell did this
happen, and they caught the felon.
It just so happened that he had a past.
He had done it before.
And if course the parents are like, oh my
God, how could this happen.
How could they let this person fall through
the cracks and now he did it to my daughter.
Seven year old girl he raped, and he murdered
her in 1994.
So soon thereafter, I’m talking months thereafter,
they came up with a law, and they named the
law after the little girl named Megan, so
now the law is Megan’s Law.
What Megan’s Law does is this, it completely,
completely, helps the buyer know and become
familiar as to who lives in the vicinity of
the house that they are possibly going to
buy.
Now, wouldn’t you wanna know what’s going
on in your neighborhood?
What happens is this, based on the Megan’s
Law, you can now, a buy can now, anybody can
now because it all public information, you
can as a homeowner, if you are, or if you
just wanna know what’s going on in the neighborhood
you live in.
Shouldn’t we have the right to know what sexual
predators are living in our neighborhoods?
To go to this website, meganslaw.ca.gov, M-E-G-A-N-S-L-A-W.CA.GOV,
and it gives you all the information on a
particular area.
You can type in your address, any address
you want.
Let’s assume your gonna buy a house at 1234
Main Street.
You’re gonna buy a beautiful house, your dream
house at 1234 Main Street.
You type in 1234 Main Street, boom, map comes
up.
It’ll show you any sex offenders that live
in that area.
It’ll show you a picture of their face, the
offense they committed, it’ll show you how
old they are, everything there is the know
about them.
This is all public information.
Doesn’t that benefit a buyer?
Doesn’t that benefit all of us to know what’s
going on in our neighborhood?
I had a buyer many years ago, gosh maybe 15
years ago, I had a buyer.
He was in the military, Air Force, beautiful
guy.
He had a beautiful wife, a beautiful little
baby, they just had a baby, a few months old,
and they were excited to buy their house.
I showed them a house in a cul-de-sac, a cul-de-sac,
let’s see if you remember, a cul-de-sac is
a house on a dead end street.
It was a house at the very end of a dead end
street, which is perfect for kids, right?
And they were so excited to buy this house,
they were so excited.
They knew about the Megan’s Law data base
disclosure, so they went to the website and
they went ahead and typed in the address that
they were in escrow with.
The property that they were in escrow with.
They typed it in there, sure enough, there
was a sexual predator that lived on that street.
You don’t think that bothered my clients?
They were gonna buy a property, they were
in escrow on a property that was at the end
of the block, at the end of the cul-de-sac,
and this particular sex offender, sex predator,
lived at the very beginning of the block.
Wasn’t that kind of, I don’t know, creep you
out.
Wouldn’t that make you feel aware, like oh
my God, should we buy this house honey.
We’re still in escrow and based on this new
information, which is called a disclosure,
we can cancel.
Sure they wanted this house, but they sure
wanted it to be a safe area.
Now, they get to make a decision, do we take
the risk and buy this house knowing somebody
that we don’t particularly want to live in
our area, does live in this area.
Without my knowledge, they went and knocked
on the neighbor’s door, next door to the sexual
predator, which is all public record now,
and they said, I just wanted to ask you something,
I’m thinking about buying a house on the block,
have you ever met or do you know of the person
who lives next door?
The person who came out on the Megan’s Law
website, and they said, oh, no, he’s just
moved out a few months ago, he no longer lives
in this area.
Now, wasn’t that a nice peace of mind now
for our clients.
Now my clients have peace of mind that this
particular person no longer lives in their
neighborhood.
So, of course they were a lot more comfortable
saying, yep, Rico let’s close this deal.
We still wanna continue with the escrow and
close this house.
But if they hadn’t went and knocked on the
door, they would have been extremely skeptical.
They probably wouldn’t have bought the house,
and I don’t blame them.
So is this website crucial?
Absolutely.
You want people to be aware of this website?
Absolutely.
Should every buyer be aware of this website?
Absolutely, I mean hell, ask yourself, would
you wanna live next door to somebody, you
know who’s got that type of criminal background?
Now, in regards to you as a realtor, how does
this benefit you?
It’s very simple.
See, disclosures, disclosures, disclosures
is the name of the game and it’s the law.
The law says that you as a realtor, if you
are the listing agent, you represent the seller.
You and the seller are on the boat and you
got the buyer here.
You and the seller must tell the buyer everything
there is to know about this house and the
area.
The one thing that you and the seller do not
know about, is if there are any type of sexual
predator in that area.So, because you don’t
know, you must provide what we call, ready,
wait for it, the Megan’s Law database disclosure
over to the buyer.
You’re going to provide the buyer with one
page and it says Megan’s Law database disclosure.
You’re gonna say, hey buyer, listen, I don’t
know who lives in this neighborhood, and if
I were you, take a look at this website here.
If I were you, I’d pay a visit to this website
and see what’s going on here.
That’s what the law says, so as an agent,
you don’t know what’s going on in this area,
and it’s not your job to know what’s going
on in this area.
It’s your guide to guide the buyer to where
they can find this information.
So, what do we do?
As a listing agent with the seller, you provide
the form to the buyer, and the form is called
the Megan’s Law database disclosure.
That’s why as agents we must protect our sellers
by knowing what forms, what disclosures to
give to the buyer.
Because if the buyer moves into this area,
without being given that disclosure, and they
do find out that one of these hooligans live
in this area, they’re gonna come after the
seller and they’re probably gonna come after
you as a listing agent, so play it safe, disclose,
disclose, and what’s the third?
That’s right, disclose.
I hope this helps you out.
It’s not here to scare you.
Its here to let you know, hey, do it the right
way.
Provide the form and say, hey listen, we don’t
know what’s going on in this area, but if
we were you, pay a visit to this website.
I hope this helps you out.
Listen, we’re glad you’re here.
We can’t wait to see you next week.
Again, my name is Robert Rico, California
Realty Training.
If you have any questions or concerns regarding
this topic that we talked about today, or
any ideas as to what you wanna hear, let’s
discuss.
Do us a favor, leave it at the comment section
below.
Have a great day and we’ll see you next week.
And don’t forget to subscribe to our page
if you haven’t already.

Ep. 67: Megan’s Law Database Disclosure | How Does It Affect Real Estate Listings?

One thought on “Ep. 67: Megan’s Law Database Disclosure | How Does It Affect Real Estate Listings?

  • November 29, 2018 at 1:14 pm
    Permalink

    Very helpful. I love your videos

    Reply

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