Gov. Newsom signs bill limiting homebuyer sales contracts to 3 months

Gov. Newsom signs bill limiting homebuyer sales contracts to 3 months

a month ago
Anonymous $genLyrxdTY

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.