New California Real Estate Laws

By
Real Estate Agent with RE/MAX Estates Properties 00598848

Bench in Palos Verdes, CA

Earlier this week, I had an opportunity to hear Gov Hutchinson (California Association of Realtors Assistant General Counsel) speak at the Palos Verdes Board of Realtors meeting.  The California Legislature passed 870 new laws in 2012 and 80 of the laws were real estate related.  I attend three or four legal updates a year to stay current on changes.  Below are some of his comments:

1) If a tenant or seller leaves their possessions worth more than $700, the landlord or new buyer must continue to store them or have a public sale (with notification) and can deduct costs and commissions before sending the balance to tenant/seller. If possessions are worth less than $700, they do not have to be stored/saved.

2) If you are renting out a room in your own house, you are exempt from Fair Housing laws.  To read more about changes in California Real Estate law, click here...

Please check with an attorney before making any decisions based on the above information.

Photo courtesy of Arvin Design

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Topic:
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Location:
California
Groups:
LA Connection
CALIFORNIA DREAMING
South Bay Realtors
Tags:
california association of realtors
seller information
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california real estate laws
palos verdes board of realtors

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Rainmaker
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Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

Elaine: Thank you for this update in the California real estate laws. Going to click on your link right now but wanted to comment and "suggest".

Jan 24, 2013 10:11 AM #1
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Rainmaker
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Elaine Murphy Carlson

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