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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 California Legislative Analyst's Office 2015 report "California's High Housing Costs – Causes and Consequences" estimates that for the state to have kept housing prices no more than 80% higher than the median for the U.S. as a whole (the price differential which existed in 1980, as opposed to the >150% differential which exists today ...
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]
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.
The California Digital Newspaper Collection was officially launched in 2007, and contained the initial 100,000 pages produced for the National Digital Newspaper Project from 2005 to 2007. Another 50,000 pages were created, with support from the Institute of Museum and Library Services , under the provisions of the Library Services and ...
Real estate is one field where the chain of title has considerable significance. In real estate transactions in the United States, insurance companies' issue title insurance based upon the chain of title to the property when it is transferred. Title insurance companies sometimes maintain private title plants that track real estate titles in ...
California's new military governor Bennett C. Riley ruled that land could not be sold that was not on a city map. In 1849, Lieutenant Edward Ord surveyed Los Angeles to confirm and extend the streets of the city. His survey put the city into the real-estate business, creating its first real-estate boom and filling its treasury. [49]
California's Asian American population is estimated at 7.1 million, constituting a third of the nation's total. California's Native American population of 504,000 is the most of any state, with 103,030 identifying as Non-Hispanic and belonging mostly to the Indigenous peoples of California.
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