Warning on RESPA Enforcement Actions

The Consumer Financial Protection Bureau (CFPB) has recently started taking enforcement actions against illegal referral fees in violation of the federal Real Estate Settlement Procedures Act (RESPA). This serves as a good reminder for real estate agents to understand...

Flood Insurance Premium Increase

Effective October 1, 2013, subsidized flood insurance premiums are being phased out for certain properties that have not been elevated, but are located within a Special Flood Hazard Area. Additionally, starting last year, buyers of these properties are no longer being...

Gov. Brown Vetoes Bill to Broaden Rent Control

Late Sunday night, Gov. Brown vetoed AB 1229, a bill that proposed to dramatically weaken rent control limitations contained in the landmark “Costa-Hawkins” law sponsored by C.A.R. in 1995. C.A.R. had aggressively opposed the bill throughout the legislative process...

CAR Market Matters

Talking Points … The CALIFORNIA ASSOCIATION OF REALTORS®’ “2014 California Housing Market Forecast” projects sales to increase by 3.2 percent next year to reach 444,000 units, up from the projected 2013 sales figure of 430,300 homes sold. C.A.R.’s forecast also...