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The California Real Estate Association also supported California Proposition 10 on the November 1950 election ballot (adding Article 34 to the California Constitution and known as the "Public Housing Project Law") which made it significantly more difficult to build low-rent housing projects in California communities. [13]
The National Association of Realtors maintains rules that each MLS owned by a local association of Realtors is required to follow. In 1996, as part of its rules governing multiple listing services, NAR adopted a rule requiring Realtors to make "blanket unilateral offers of compensation" when listing homes for sale on an MLS. [7]
Chika Sunquist was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on November 28, 2023, and she assumed office on January 3, 2024. [5] Real estate licensing is subject to both the Real Estate Law and the Regulations of the Commissioner, which have the force and effect of law.
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Robert Alexander and George Alexander of the Alexander Construction Company. The company was founded by George Alexander and his son Robert, building starter houses of 1,200 square feet (110 m 2) priced moderately at $19,500 in south Palm Springs, a location at that time not considered fashionable.
The NAR/ALTA Model Statute was introduced in the 2007-2008 legislative session as SB 670, [63] and sought to ban the use of all private transfer fees in California. [64] However, builders, real estate developers and non-profits, together with Freehold Capital Partners (widely credited with originating the widespread use of private transfer fees ...
The California Real Estate Act has two core components: licensing and enforcement. [1] [2] Both licensing and enforcement functions are required by the Appraisal Subcommittee (ASC), the federal government organization which oversees all state real estate appraiser licensing agencies. [2]
The National Association of Real Estate Brokers (NAREB) is a real estate trade organisation that was established on July 29, 1947. NAREB was created by African-American real estate professionals as an alternative space for African-Americans who were racially and specifically excluded from the National Association of Realtors .