2023 Q4/Fall Issue of California Real Estate Magazine
2024 New Law Round-Up
These laws go into effect on January 1, 2024, unless stated otherwise. Listings Capped at 24 months (AB 1345) How long can a listing last? 24 months. Previously, there was no specified limit. Now, under AB 1345, exclusive listings on residential one-to-four properties...
More Than One-Third of Home Sellers Giving Concessions
During the three months ending Oct. 31, home sellers gave concessions to buyers in 35 percent of U.S. home sales. This percentage is not very different from a year earlier (35.9 percent), but it is higher than it was two years ago (27.6 percent). Concessions typically...
CCRE Blog: The Number of Cost-Burdened Renters Reaches a Record High
An unprecedented number of renter households are now considered “cost-burdened,” spending more than 30 percent of their gross income on housing costs. The Center for California Real Estate, an institute of C.A.R., spotlights analysis by Apartment List, which finds...
Buyer’s Agent Resources, Created For Members
To help CAR members address the impacts of the Burnett v. NAR et al. case, C.A.R. has prepared several resources designed to provide you with information on how buyer’s agents can communicate their value to consumers and how to use the Buyer Representation and Broker...
Prepare For The 2024 Market
The final STEPS Toward Homeownership virtual program for members is coming up on December 6 to help you prepare your clients for the 2024 housing market. The free December 6 session will present info from experts on every step in the transaction so you can...
Vacant land scam prevalent in area
The Board office has received numerous regarding the vacant land scam. Individuals posing as owners are calling agents to list vacant lots. CAR has shared an excellent Quick Guide to help spot the red flags. The DRE has also put out an urgent Industry Advisory...
Monthly message from C.A.R. President Jennifer Branchini
Dear CAR Member, The past few days indeed have been challenging for our industry. As you know, last week, a Missouri jury found NAR and the co-defendants liable in the class action suit Burnett v. NAR et al. The jury in the case awarded damages to the plaintiffs in...
Wildfire Disclosure Report Available
FortressFire and C.A.R. have launched the Wildfire Disclosure Report (WFDR). C.A.R. recommends the report to help buyers, sellers, and their agents become better informed of wildfire risks – including regulatory compliance and insurability – minimizing confusion and...
Alert: Scammers Plotting to Sell Vacant Land Fraudulently
The FBI’s Internet Crime Complaint Center(link is external) warns that losses from real estate and rental scams are steadily increasing, reaching more than $396 million last year. Scammers are plotting elaborate schemes to dupe potential buyers, property owners and...