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Real Estate Commissions…

(Editor’s Note: The following is reprinted from the Real Estate Bulletin, spring 2012 issue, published by the California Department of Real Estate.) “The California Real Estate Law (Business and Professions Code §10000, et seq.) does not prohibit the sharing of commissions. Before going further, it must be understood that this section and its analysis only […]

$8000 First Time Homebuyer Tax Credit: the fine print

We would advise, before you run outside screaming, “I need to buy a house! I need to buy a house! This $8000 won’t last!” Read the fine print, particularly question 9. From the California Association of Realtors Website (verbatim): A.  FIRST-TIME HOMEBUYER TAX CREDIT Q 1.  What, in a nutshell, is the $8,000 tax credit for first-time […]

Being a Landlord is Such a Drag…

I have to admit, watching the banks, AIG, the automakers, and finally, homeowners get a bail out, I did more than once cry out piteously: “But who the f— will bail out me?” Answer: Chris Daly. I didn’t really ask for this kind of bailout, but Daly’s constituents are largely renters; and hey, so is […]

Forget Web 2.0, We’re In Recession 2.0 …”Come B...

Recovery.gov: For the things that apply to San Francisco real estate and you, the homeowner, check this page specifically. And since we’re at it, can we get a show of hands for how many of you San Franciscans out there are looking for help under the Making Home Affordable Plan recently enacted by President Obama? […]

Adjusting Housing Relief Plans For Bay Area Residents

From SFGate: ‘[Rep. Jackie Speier, D-Hillsborough] drafted an amendment so that rather than being limited to whether the loan was conforming at time of origination, it will be based on (whether it’s conforming at) the time of (modification), which will take the limit up to $729,750 in high-cost areas. This should make more people in […]

$15,000 Homebuyer Tax Credit Trimmed To $8,000

From the Zillow Blog: Details have not yet been ironed out, but the proposed $15,000 tax credit amendment in the economic stimulus package that was sponsored by Sen. Johnny Isakson has been trimmed down to an $8000 tax credit, according to the NY Times. This is all very preliminary until the bill is actually signed, but here is […]

$15,000 Tax Break For Homebuyers, Good Or Bad Idea?

The news of the day is the Senate approved $15,000 tax break for new homebuyers: -WASHINGTON — The Senate on Wednesday voted to expand the economic stimulus package with a tax credit for homebuyers of up to $15,000, a provision championed by Republicans as addressing a root cause of the recession. -Senator Johnny Isakson, Republican […]

TIC? Got Cash? To The Front Of The Line Please…

Good news on a Monday morning: -Waiting to go condo is San Francisco’s version of waiting for Godot [seeing that phrase a lot lately…good on ya Malcolm.] Building owners can spend years vying for one of 200 condo-conversion slots awarded annually via a lottery. But this year San Francisco is considering letting people skip the […]

House Passes Stimulus Bill, Senate What Next?

We pulled this directly from a C.A.R newsletter: The U.S. House of Representatives passed H.R. 1, the Economic Recovery Package, by a 244 to 188 vote. Amid all the negative economic news we’re hearing on a daily basis, this is good news, as the bill contains a number of issues critical to REALTORS® and the […]


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