Week of December 4, 2023 View in Browser

[Reader], tales from a weak year in home sales volume, and welcome to the new DRE Commissioner

Sales volume trends, from a weak year; Monthly Statistical Update (December 2023) This month, we cover California monthly home sales volume, sales volume YTD and MLS inventory.

Governor appoints new DRE Commissioner   Chika Sunquist will step into the DRE's top job at the start of 2024.   Rental and Lease Agreement Addenda   Beyond the boilerplate – your use of pet, non-smoking addenda and more.

Form-of-the-Week – 112 and 241   Trust Deed Listing, and Purchase Agreement for Note and Trust Deed.   The points and fees test for Section 32   Learn when a consumer-purpose mortgage falls under Section 32 limitations and disclosure rules.

DRE Hot Seat   Unlicensed activities, trust fund violations and more cause a corporation to surrender its license.   Landlords of prospective Section 8 tenants must allow credit history alternatives   Credit check roadblock for prospective Section 8 tenants clears.   Regulation of Appraisal Management Companies   Watch how AMCs maintain appraiser independence.

New safety measures for tiny home communities that house the homeless   California legislators are smoothing the path for more shelters.   New security deposit limitations for California's residential landlords   Security deposits to be further curtailed in 2024.

Trending mortgage rates   FRM rates continued to fall back in the week ending December 1, 2023.   Crossword   Try your hand at this week's crossword, featuring Agency.

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