Gov. Newsom signs bill limiting homebuyer sales contracts to 3 months
https://www.siliconvalley.com/2024/09/25/newsom-signs-bill-limiting-homebuyer-contracts-to-3-months/
Gov. Gavin Newsom signed a bill Tuesday, Sept. 24, limiting real estate contracts between homebuyers and their agents to three months, imposing a time limit on agreements that became mandatory last month under the National Association of Realtors’ commission lawsuit settlement.
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Gov. Newsom signs bill limiting homebuyer sales contracts to 3 months
Wed Sep 25, 12:28pm UTC
https://www.siliconvalley.com/2024/09/25/newsom-signs-bill-limiting-homebuyer-contracts-to-3-months/
> Gov. Gavin Newsom signed a bill Tuesday, Sept. 24, limiting real estate contracts between homebuyers and their agents to three months, imposing a time limit on agreements that became mandatory last month under the National Association of Realtors’ commission lawsuit settlement.
> Related Articles
Veteran real estate firm grabs big office and tech campus in Sunnyvale
New hope for Walnut Creek’s dream to revamp business park into ‘live, work, play’ destination
Lender seizes East Bay apartment complex as real estate market falters
Cisco will shift units from north San Jose and San Francisco to Santana Row
Bay Area home prices dip for first time in 13 months
The new law will take effect on Jan. 1, making California one of at least 28 states with laws requiring home shoppers to have a buyer-representation agreement with their agents.