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New real estate commission rules coming: Here's what CA buyers, sellers need to know
The experience of buying or selling a home is going to be different than transactions in the past. A recent National Association of Realtors class action settlement agreement has laid out new rules that will now bring the buyer and seller into negotiations over commissions on the sale of a house - negotiating who pays commission and how much is paid."Today is the day that on the MLS any indication of compensation commission is eliminated, you can't even look at historical data," Tricia Thomas, the CEO of the Bay East Association of Realtors said.Realtors say that will make it more...
Newsom tries shifting blame for homelessness crisis to local officials
Last week Gov. Gavin Newsom donned blue jeans and a t-shirt to participate in a well-choreographed cleanup of a squalid encampment in Los Angeles, declaring that homelessness is the “biggest scar on the reputation of California.”. That it is, and it’s an image that former President Donald Trump is...
Wildfire along California-Nevada line near Reno destroys 1 home, threatens hundreds more
About 200 firefighters were battling a wildfire Monday along the California-Nevada line Monday that destroyed one home, temporarily closed Interstate 80 and continued to threaten hundreds of homes just west of Reno.No serious injuries have been reported in the blaze, which has burned about 500 acres along the Truckee River since it broke out Sunday evening.Crews made significant progress overnight keeping the fire from growing and the interstate connecting Reno to Sacramento and San Francisco was reopened.Nonetheless, about 6,200 people remained without power and fire officials expressed concerns Monday about increasingly gusty winds that could hamper firefighting efforts on the...
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