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Late last year, a jury in a Kansas City federal court found the longstanding practice to be a form of collusion that artificially inflated real estate fees, awarding a massive $1.78 billion ...
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
FILE - A fire burns a house in the Mountain fire, Wednesday, Nov. 6, 2024, in Camarillo, Calif. (AP Photo/Marcio Jose Sanchez, File)
A real estate license must be obtained from the DRE in order to engage in the real estate business and to act in the capacity of a real estate broker or salesperson within the State of California. Before applying for a license, all education and experience requirements mandated by the Department must be fulfilled. [ 5 ]
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
A housing shortage has recurred and apparently reached the crisis stage. In a 2014 California treatise on real estate development, the authors opined that "[C]ommunities across California continue to confront the challenge posed by a scarcity of housing, particularly of affordable housing. In the last several decades, housing production in the ...
Rents have since risen even more in the city of San Diego, to $2,336 per month as of November 2024—up 21% from 2020, according to RentCafe and the Tribune. That's 50% higher than the national ...
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