Homebuilders, Realtors on opposing sides in transfer fees.

Homebuilders, Realtors on opposing sides in transfer fees.
July 30, 2007
As we have reported on CID/HOA legislation in Sacramento in genera and AB980 specifically, CotoBuzz Journal readers know that builders are using private real estate transfer fees to pay for parks, and other benefits, often required as conditions for getting projects approved by local governments. These fees, are written into property CC&Rs and require future homebuyers to pay a percentage of a home’s sale price to a third party, such as a land trust, to support community benefits.
In today’s (July 30, 2007) issue of the North Bay Business Journal, staff Reporter William Jason writes th at “An emerging form of real estate financing has created a dispute between Realtors and homebuilders over who should pay for community benefits attached to new residential projects”
The article goes on to describe the rift between the builders and the realtors and quotes Alex Creel, chief lobbyist for the Realtors, as saying that “ the homebuilder-backed proposal does not go far enough to limit the size of fees and restrict how the fees must be collected, spent and disclosed” and adds “A third Realtor-supported bill, AB 980, deals only with the disclosure of existing fees:
RELATED STORIES
Homeowner Association (HOA) Lawyer FactoidsThe Davis-Stirling Act is a part of the California Civil Code. In the Davis-Stirling Act:
· The term "attorney fees" is codified/mandated: 22 times.
· The term "homeowner" is merely mentioned: 3 times
PART II: KEEP FILING CALIFORNIA STATE BAR COMPLAINTS AGAINST ERRANT ATTORNEYS - BUT ESPECIALLY HOMEOWNER ASSOCIATION ATTORNEYS-- Make the Bar Care!Lets spare each other the niceties of: ?there are good ones and there are bad ones,? because we already know that -- and -- this article is not about that. She then says with a cheeky little grin, ?ok, ok yes, there are some good lawyers out there.?
Mirror, mirror on the wall, who is the fairest gladiator of them all?As I stood atop the Roman Colosseum during a recent trip, emotionally gripped by its horrific history, I couldn?t help but make the connection between the ancient gladiator and my role as in-house attorney,?.. For starters, lawyers are often referred to...
Management company's tape-recording tactic puts homeowners at riskQuestion: Because our management company has been sued before, it has a policy of recording all incoming and outgoing phone calls. Before a management employee answers the phone, there is an automatic announcement warning callers they are being recorded....
Of Trial Lawyers, the AAJ and the Democratic PartyThe National College of Advocacy and AAJ Education maintain two distinct programs that recognize AAJ lawyer member efforts in pursuit of advanced legal learning and professional development?the Achievement Recognition Program and Advanced Studies in Trial...
Laguna Woods Village CC&Rs, What CC&Rs? I Got Your CC&Rs Right Here!Coto de Caza is not the only place where the board of directors consistently either disregard the civil code, governing documents (Covenants, Conditions and Restrictions - CC&Rs) or even the moral code.
What is better in HOA Management? Transparency and Accountability or Feel Good?May 22, 2007Mostly as a result of the Enron and Worldcom scandals, the Sarbanes-Oxley Act of 2002 known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX; was enacted to provide business executives with less wiggle...
HOW DO OWNERS SPELL L-A-W S-U-I-T? SENATE BILL NO. 127!XThis author asks WHERE ARE THE PENALTIES AGAINST MANAGEMENT COMPANIES AND BOARDS? WHAT?S THE PENALTY FOR BREAKING THE LAWS THAT THESE LEGISLATORS ARE PASSING?
Two of the Worst & Most Detrimental Laws to Hit California are Sponsored by None Other than: California Association of Realtors (R) The Gold is Gone --No more gold in the Golden State!Dear Governor Arnold Schwarzenegger,SHATZI! PLEASE REMEMBER YOUR PROMISE TO US. Please listen to the people who support you and look to you to help us! When you first began buying property in California NO ONE told you what you could or could not do...
THE LAW OF INTENDED CONSEQUENCES - WHAT A DIFFERENCE A "WORD" MAKES: NO! ON ASSEMBLY BILL NO. 563It apparently does not matter that titleholders with a vested interest in their property cannot get their legislators to carry legislation to help US, but, they can waste taxpayer funds by preventing the bills WE WANT and NEED by CHANGING *ONE* WORD in an...
EMERGENCY! EMERGENCY! OOPS! WE JUST HAD THE MEETING! YOU MISSED IT!!So THIS is what the Senate calls an "Open Meeting." How many Open Meetings have THEY been to? Obviously not many. ROTFLMAO!
CAN YOU OUTSWIM YOUR HOA SHARKS? or will you drown trying?Owning, let alone living in an HOA is a tough JOB and requires you be physically fit, possess a certain sophistication of the processes, and have the character let alone stamina, that allows you to be persistent in a manner that indescribable to REAL...
HEY GRAY PANTHERS! YOU GOT IT WRONG!(c) D. VanitzianMay 16, 2007The Gray Panthers are on record as SUPPORTING A BAD BAD BAD BAD BILL: Senate Bill Number 948. SHAME ON YOU. Where the heck are you getting your information from?
The Law of Unintended Consequences: Legislation and HOA BOD Cause and Effect: Clueless in my CARComing off a most improbable but successful campaign to defeat SB 670 author and HOA advocate Vanitizian thanks supporters making a connection between the quality of legislation being passed in Sacramento, and the quality of life in most homeowners...
Paraphrasing the LA Times on Defeat of SB670 & Wicked Twin Witches of the West - SB 127 & AB-980Taking a page out of the OC Register?s ?paraphrased reporting?, an article written by LA Times staff writer Diane Weder titled ?Bill to limit transfer fee founders?, published appropriately on May 13, 2007, quotes the president of the statewide Realtors...
Private Transfer Tax - Good for the Common Interest Development (HOA/CID) Industry or Good for the Politicians?When we received our copy of the report that the California Association of Realtors (CAR) used to Sponsor and help draft transfer fees, we were confused. Given that Vanitzian has become an icon in Sacrament (some say a thorn in the legislature's side),...
Lawyer seeking condominiums' business goes over the lineQuestion: I manage a large condominium project in Los Angeles. Unsolicited, an attorney sent me an invitation to meet with him over lunch. He then phoned me several times, including the day before the lunch, explaining the purpose was to speak only with...
CONDOMINIUMS ARE A GREAT INVESTMENT- FOR LAWYERSAbout every two months I get a call, or a client comes in to ask me about condominiums. It usually starts off with, ?I bought this adorable little condo? and then the upstairs neighbor had a flood?. And then the Homeowners Association refused??
The Real Estate Sky Is Falling!Inman News reports today, Tuesday July 24, 2007 that California mortgage defaults hit 10-year high and that more borrowers expected to lose homes in second half of year. ?Roughly half, 54.6 percent, of the homeowners in default emerge from the...














Advertisement






Select Blogzz & click icon
function jumpMenu(){
location=document.jump.menu.options[document.jump.menu.selectedIndex].value;
}
BlogSpot FeedBurner CotoBlogzz BraveNet Y!360
Archived Issues
General Information
HOA Resources
Emergency numbers
Public Safety Resources
Crime Watch
Sex Offenders in the Area
Real Time Traffic Report
LA Times Orange County
Subscribe
- What is RSS?
Area Links
ORANGE COUNTY BLOGS:

R
To subscribe/unsubscribe to the CotoBuzz Journal or send Letters to the Editor : click here or send email to:
The CotoBuzz Journal P.O. Box 154 Trabuco Canyon, CA 92678 (509) 355-8895

Privacy Policy Need Help? Contact Us Administrator: cotobuzz@yahoo.com