New Laws For California Realtors and Real Estate Investors
New Laws For California Realtors and Real Estate Investors
With the housing market taking center stage among the nation’s concerns, both Congress and California’s State Legislature have enacted significant new laws affecting REALTORS and Real Estate investors.
EMERGENCY ECONOMIC STABILIZATION ACT ($700 Billion Bail Out)
Hope For Homeworker
http://portal.hud.gov/portal/page?_pageid=73,7601299&_dad=portal&_schema=PORTAL
This bill also extends the tax exemption for debt forgiveness on home loans under the Mortgage Forgiveness Debt Relief Act of 2007 from December 31, 2009 to December 31, 2012. _Source:_H.R. 1424[4].
DRE LICENSE NUMBER MUST BE ON FIRST-CONTACT MATERIALS: Effective July 1, 2009, California’s real estate agents must disclose their Department of Real Estate (DRE) license numbers on all solicitation materials intended to be the first point of contact with consumers.
DEBT RELIEF INCOME EXEMPT FROM STATE INCOME TAX: Starting September 25, 2008, the federal income tax exemption for debt forgiven on a home loan now applies to state income taxes to a limited extent. Federal law provides a tax exemption for debt forgiveness on a loan incurred for acquiring, constructing, or substantially improving a principal residence up to $2 million if the debt is discharged from 2007 through 2012. Under the new California law, the maximum qualifying debt is only $800,000, not $2 million, and the maximum exclusion is $250,000.
Moreover, the California law only applies to a debt discharged in 2007 or 2008. Senate Bill 1055.
DRE CAN DISCIPLINE LICENSEE FOR INFLATING BPOS: Beginning on January 1, 2009, the DRE can suspend or revoke a real estate license if the licensee generates an inaccurate opinion of value (Broker Price Opinion or BPO) for a short sale of residential real property to manipulate the lender to reject the short sale or to acquire a financial or business advantage, such as obtaining a listing agreement. This new rule aims to preclude a self-serving agent from inflating a BPO in hopes that the lender will reject the short sale, foreclose on the property, and give the BPO agent an REO listing. Senate Bill 1737.
DUTY TO DISCLOSE AGENT IS ARRANGING FINANCING: Starting January 1, 2009, a listing or selling agent who undertakes to arrange financing for the sale, lease or exchange of real property (or an agent arranging financing who undertakes to act as the listing or selling agent) must, within 24 hours, provide a written disclosure of that role and any related loan transactions to all parties to the sale, lease, or exchange. Senate Bill 1737.
TENANT VICTIMIZED BY DOMESTIC VIOLENCE CAN TERMINATE TENANCY: Beginning on September 27, 2008, a tenant can terminate a tenancy upon giving a 30-day written notice to terminate, if the notice also informs the landlord that the tenant or a household member has been a victim of domestic violence, sexual assault, or stalking as defined. The tenant must attach to the notice a copy of a temporary restraining order, emergency protective order, or police report issued within the last 60 days. The tenant is also entitled to a proration of the last month’s rent if, within those last 30 days, the tenant vacates and the landlord re-rents the premises to a new tenant. This law will sunset on January 1, 2012. Assembly Bill 2052.
LANDLORDS AND REO LENDERS MUST TAKE CHARGE OF ABANDONED ANIMALS: Effective January 1, 2009, any person or private entity with whom a live animal has been “involuntarily deposited” must take charge of it, if able to do so, and immediately notify animal control officials to retrieve the animal. An “involuntary deposit” includes the abandonment of a live animal on a property that has been vacated upon, or immediately preceding, the termination of a lease or foreclosure of the property. The animal control officers who respond can secure a lien to recover the rescue cost, but this law imposes no other liability upon a depositary who complies with these rules. Assembly Bill 2949.
Duration : 0:10:41
(Land O Lakes) (REALTOR) gives tips to help sell quick Part2
http://lcm.favoriteagent.com/?Market=0&Agent=95080
Joe Ignat 813-943-8983
People’s Choice Realty
(Land O’ Lakes) (Real Estate) – (Wesley Chapel Real Estate) – (Lutz) Real … (Realtor)s. You can find (Land O’ Lakes real estate) and (Wesley Chapel real estate). Also information on (Lutz Real Estate), Zephyrhills, …
(Land O’ Lakes) (Florida Real Estate) – (Land O’ Lakes Florida Homes) …(Land O’ Lakes) (Florida Homes) and (Land O’ Lakes) New Homes with ► PHOTOS in the Real Estate market of (Tampa Bay Florida).
(Land O Lakes Real Estate) & (Land O Lakes Homes For Sale) Homes For Sale in (Land O Lakes). Search (Land O Lakes), (Florida real estate), recently sold properties, foreclosures, (new homes), school information and …
(Land O Lakes, FL Real Estate) on Yahoo! Real Estate – Homes, MLS …Yahoo! Real Estate – (Search Land O Lakes), (FL real estate listings) (including MLS homes for sale), home values, housing market information, (Florida mortgage) …
(Land O’ Lakes FL Real Estate) | (Land O’ Lakes Homes) & MLS SearchFor (Land O Lakes real estate) advice, consult with a professional (Tampa Realtor). (Tampa area real estate).
(Land O’ Lakes Real Estate Agents), (Land O’ Lakes) (Homes For Sale) …(Land O’ Lakes Real Estate) – Find (Land O’ Lakes Homes For Sale), (REALTORS), home values and see real estate information for (Land O’ Lakes), (Florida home buyers) …
(Land O’ Lakes) Wisconsin Chamber of Commerce(Land O’ Lakes) Chamber of Commerce website with complete area information and pictures. … Professional Services, Radio Stations, (Real Estate), Recreation …
(Land O Lakes Real Estate), (Land O Lakes) (Tampa Homes for sale) – Land …View listings of availabe homes with ► PHOTOS in (Land O Lakes), (Florida), (FL).
(Land O’ Lakes) (real estate agents), property search, and listings …(Land O’ Lakes real estate agents), property search sites, and local listings.
Real Estate – (Land O Lakes) – (Florida)11.38 acres (Land O Lakes)
Duration : 0:5:51
Real Estate: Buying, Renting & Selling : How to Buy Commercial Property
To buy commercial property, get involved with a real estate agent who specializes in commercial properties, as they can better research the area and aid in the property-buying process. Purchase commercial property with information from a Massachusetts Realtor in this free video on real estate.
Expert: Beau Sasser
Contact: www.northamptonrealtor.com
Bio: Beau Sasser has been at Goggins Real Estate in Northampton, Mass. for many years, previously working for Sasser Properties in Aspen, Colo. and EcoFriendly Properties in Destin, Fla.
Filmmaker: David Pakman
Duration : 0:1:51
Confessions of a Realtor – Antitrust Laws
http://www.SavvyBroker.com Realtors Violate anti-trust laws and hurt real estate consumers every day. The Realtors do not have insurance to protect the real estate consumer and they participate in Dangerous Words and Phrases ALL THE TIME…
Duration : 0:6:9
POYKPAC Alternative Realty
Recently, MTV interviewed several underground artists, comedians and musicians for a Subway marketing campaign. When they asked to interview POYKPAC, this is what they got. Check out the full version here:
http://www.subwayfreshbuzz.mtviggy.com/artist.php?id=9&fbid=LIhPsMBwc05
Produced by MTV.
This video features:
Ryan Hall
Ryan Hunter
Taige Jensen
Jenn Lyon
& Maggie Ross
Duration : 0:6:27
Singapore Property Realtor Real Estate Properties Agents Singapore Business Consultant
Singapore property real estate agents realtors sell buy rent invest singapore properties reale state commercial residential properties Singapore Property Listings Singapore real estate agents, real estate market listing search. Buy Sell Rent Invest In Singapore
MINDY YONG
( +65 ) 91002985
mindy@mindyyong.com ( email me )
http://www.singaporepropertyrealtor.com
http://www.hotvictory.com
新加坡房地产, 买卖，租赁，投资，新加坡产业
买卖及租赁新加坡房地产，包括私人产业，住宅公寓，商业及工业财产，用于买卖或租赁的组屋。外国投资者，租户或移民者可以容易的找到他们理想的土地房屋，住所，平房，阳台房，单元房，市政厅，私人公寓，组屋，住屋与开发公司，办公室，商店，工厂，货仓，工业用地，这里应有尽有。
Mindy Yong 杨雯诗
mindy@mindyyong.com
(+65) 91002985
http://www.singaporepropertyrealtor.com
Duration : 0:1:7
(Land O Lakes) (REALTOR) gives tips to help sell quick Part1
http://lcm.favoriteagent.com/?Market=0&Agent=95080
Joe Ignat 813-943-8983
People’s Choice Realty
(Land O’ Lakes) (Real Estate) – (Wesley Chapel Real Estate) – (Lutz) Real … (Realtor)s. You can find (Land O’ Lakes real estate) and (Wesley Chapel real estate). Also information on (Lutz Real Estate), Zephyrhills, …
(Land O’ Lakes) (Florida Real Estate) – (Land O’ Lakes Florida Homes) …(Land O’ Lakes) (Florida Homes) and (Land O’ Lakes) New Homes with ► PHOTOS in the Real Estate market of (Tampa Bay Florida).
(Land O Lakes Real Estate) & (Land O Lakes Homes For Sale) Homes For Sale in (Land O Lakes). Search (Land O Lakes), (Florida real estate), recently sold properties, foreclosures, (new homes), school information and …
(Land O Lakes, FL Real Estate) on Yahoo! Real Estate – Homes, MLS …Yahoo! Real Estate – (Search Land O Lakes), (FL real estate listings) (including MLS homes for sale), home values, housing market information, (Florida mortgage) …
(Land O’ Lakes FL Real Estate) | (Land O’ Lakes Homes) & MLS SearchFor (Land O Lakes real estate) advice, consult with a professional (Tampa Realtor). (Tampa area real estate).
(Land O’ Lakes Real Estate Agents), (Land O’ Lakes) (Homes For Sale) …(Land O’ Lakes Real Estate) – Find (Land O’ Lakes Homes For Sale), (REALTORS), home values and see real estate information for (Land O’ Lakes), (Florida home buyers) …
(Land O’ Lakes) Wisconsin Chamber of Commerce(Land O’ Lakes) Chamber of Commerce website with complete area information and pictures. … Professional Services, Radio Stations, (Real Estate), Recreation …
(Land O Lakes Real Estate), (Land O Lakes) (Tampa Homes for sale) – Land …View listings of availabe homes with ► PHOTOS in (Land O Lakes), (Florida), (FL).
(Land O’ Lakes) (real estate agents), property search, and listings …(Land O’ Lakes real estate agents), property search sites, and local listings.
Real Estate – (Land O Lakes) – (Florida)11.38 acres (Land O Lakes)
Duration : 0:4:19
Diane Turton on NBC’s “Weekend Today” – First Time Home Buyers
Diane Turton, owner and President of Diane Turton, Realtors appeared on NBCs Today Show Weekend Edition. The segment aired on Saturday August 22nd. It featured, along with Diane, first time home buyers.
Watch as Diane discusses the First Time Home Buyers Market, the opportunities that are available to the new home buyer and how they can take advantage of the $8000 credit.
Founded in 1986, Diane Turton, Realtors is a full-service real estate company with 15 offices throughout Monmouth and Ocean Counties, New Jersey. Diane Turton, Realtors consistently ranks in the top of the markets it serves. The companys website is www.dianeturton.com. You can contact Diane Turton, Realtors toll-free at 1.877.DTURTON or by email at dturton@dianeturton.com.
Duration : 0:6:2
Wednesday’s AM Ruhl&Ruhl Real Estate Today TV Show
Wednesday’s AM Show
Check us out on Facebook and Ruhl’s Blog
http://www.facebook.com/RuhlHomes
http://www.Ruhlblog.com
Duration : 0:2:1
{Whistler Real Estate} Peak 2 Peak Gondola – My First Ride!
http://www.whistler-realestate.com Got our first ride on the new Peak 2 Peak Gondola between the tops of Whistler and Blackcomb Mountains today. All I can say is WOW! Check out this video!
Duration : 0:7:34