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An illustrated history of Los Angeles County, California. 1889 – via HathiTrust. McWilliams, Carey (1973) [1946]. "Chapter VII. Years of the Boom". Southern California Country: An Island on the Land. American Folkways Series (Reprint ed.). Salt Lake City, Utah: Peregrine Smith Books. ISBN 0-87905-007-1. LCCN 73077787
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 ]
Constructing new housing decreases the cost of rent and the price of homes in both the immediate neighborhood and in the city as a whole. In real estate economics, "supply skepticism" leads many Americans to misunderstand the effect of increasing the supply of housing on housing costs. The misconception is unique to the housing market.
The Markup spotlights California's inflated real estate market, much of which is due to a software company called RealPage. Landlords are using AI to raise rents—and cities are starting to push back
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 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]
California also has high rates of migrants from other countries and states, [47] which has contributed to more demand for housing, and it has low amounts of moderately priced housing. The different tax treatment can make real estate more valuable to the current owner than to any potential buyer, so selling it often makes no economic sense. [3]
Miscommunication is a lack of alignment of agents' intellectual state, especially when they diverge on the outcomes of communication. [2] The type of miscommunication can now be classified as to the source of the non-alignment about the communicative act.