With new California legislation, it’s now mandatory practice for a buyers broker to enter into an employment agreement with buyer clients before a purchase agreement is submitted.
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In response to the rent crisis, the state of California passed the Stable Affordable Housing Act of 2023. [Calif. Health and Safety Code §50610]
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Calif. Health and Safety Code §50426
Amended to add subsection (c) by AB 1508
Effective date: January 1, 2024
Calif. Civil Code §1954.53
Amended to add subsection 4(A) by AB 1620
Effective date: January 1, 2024
HOA’s will soon be further restricted in how much they can increase their regular assessments.
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Review the the legislative changes and economic shifts which impacted real estate during 2023 and read our forecast for the property market in 2024.
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Legislators are limiting the power of local city councils to prohibit adaptive reuse projects.
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California’s attorney general will now be able to take swifter action against wayward city councils refusing to follow low- and moderate-income housing solutions in their communities.
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A new law requires three new sections to be added to the Environmental Hazards booklet.
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The credit check requirement is a major roadblock for prospective Section 8 tenants who are otherwise qualified to pay rent.
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California legislators are seeking to smooth the path for more shelters.
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Security deposit rules are tightening for California residential landlords in 2024.
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The Inflation Reduction Act (IRA) adds several incentives for builders and multi-family property owners making energy efficient improvements.
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A local government’s general plan doesn’t always mesh with local zoning ordinances.
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AB 976 is the latest in a long line of pro-ADU legislation to make its mark on California’s anemic housing landscape.
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With authorities cracking down on misleading advertising, brokers and MLOs will be wise to take this opportunity to ensure their adverts are in compliance.
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A new law authorizes the California BREA to collect demographic data from appraisers.
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Under SB 567, the allowances for a no fault eviction have narrowed.
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AB 288 expands what type of property owners may use Revocable Transfer on Death (TOD) Deeds, and clarifies the procedure when a Revocable TOD Deed conflicts with another deed.
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California’s legislature is addressing the affordable housing shortage with these recent laws.
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