By David on 9/26/2008 8:21 AM
The City of Lawndale passed an ordinance to increase recycling at construction and demolition sites. This ordinance requires persons pulling a building permit for any demolition project and all other projects with an estimated cost over $100,000 to divert 50 percent of all waste generated from the jobsite, fill out a waste reduction and recycling plan, and to pay a security deposit and administrative fee. For more information please visit the City’s website or pick up information at Lawndale City Hall or the Public Works Department. The City said in a statement that construction and demolition waste accounts for approximately a quarter of all waste going into California’s landfills. There are many ...
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By David on 9/26/2008 7:53 AM
The Governor signed SB 28 (Simitian, D-Palo Alto) which bans the use of text messaging while driving a car in California. Taking effect on January 1, 2009, the texting ban imposes a fine of $20 for the first offense and $50 for each subsequent offense. Govern Schwarzenegger said in a statement that "banning electronic text messaging while driving will keep drivers' hands on the wheel and their eyes on the road, making our roadways a safer place for all Californians."
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By David on 9/23/2008 9:00 AM
The Office of Governor Arnold Schwarzenegger released an outline of the state budget that the legislature recently passed after a record-long delay. According to the Governor's statement, the budget "addresses California's $15.2 billion budget shortfall with a combination of cuts and increased revenues." Furthermore, the budget fully funds Proposition 98's requirements for education and does not borrow funds from local government or transportation funds. See below for a full outline of the Governor's analysis: - Increases the size of California's Budget Stabilization Account (BSA) from 5 percen ...
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By David on 9/12/2008 2:06 PM
The City of Hermosa Beach announced today that it is raising the Residential Building Report Application fee from $237 to $243. Any applicants paying $237 may get a call from the city requesting the extra $6 balance to start the process. Any questions please do not hesitate to call City of Hermosa Beach Community Development Department at (310)318-0235.
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By David on 9/11/2008 8:51 AM
The Los Angeles County Board of REALTORS® (LACBOR) bids farewell to Supervisor Yvonne Burke during the 30th Annual Legislative Day on Wednesday, September 24. Supervisors Gloria Molina, Zev Yaroslavsky, Don Knabe, and Mike Antonovich will participate. The Fair and Legislative Day are scheduled from 8:30 am, to 1:30 pm on Wednesday, September 24, at the Open Air Mall at 500 West Temple Street (between the Hall of Administration and the Court House in Downtown Los Angeles). For more information go to www.lacbor.org
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By David on 9/8/2008 11:33 AM
What does the federal government’s takeover mean for REALTORS®? This weekend, the Federal Housing Finance Agency placed Fannie Mae and Freddie Mac into conservatorship and removed the CEOs from each of these government-sponsored enterprises (GSEs). As part of the government’s takeover of Fannie and Freddie, Treasury Secretary Henry Paulson announced these measures: 1. The Treasury Department will buy senior preferred stock from the enterprises to make sure they maintain a positive net worth. The American taxpayer now owns 79.9 percent of each of the GSEs. |
By David on 9/3/2008 10:03 AM
The South Bay Association of REALTORS® expresses its regrets and condolences to the family of Gene Drevno, former Councilwoman in the City of Torrance. Gene served on the Torrance City Council from 2006 to 2008. Before that, she served on the Civil Service, Parks and Recreation, and Planning Commissions. She also volunteered at a number of community and civic organizations such as the American Field Service, Hospice Volunteer, the Salvation Army, and the Torrance Education Foundation. We applaud Gene’s tireless efforts to community service and the example that she has set for future community leaders, and we express our condolences as well to her current and former colleagues on the City Council and the Torrance city family.
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By David on 9/2/2008 3:34 PM
REALTORS® - We periodically post requests for applications to commissions or special committees in the cities served by the South Bay Association of REALTORS®. If you are available and interested in giving back to your community, serving on an advisory committee or commission is a great way to be involved. If your city has a committee or commission opening you'd like us to post, you're interested in general information, please call SBAOR Government Affairs at (310)326-3010. Manhattan Beach Now Accepting Senior Advisory Committee Applications The City of Manhattan Beach will accept applications until September 30, 2008 from residents interested in serving on the Se ...
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By David on 8/27/2008 9:16 AM
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By David on 8/1/2008 3:33 PM
NAR: FEDERAL HOUSING BILL NOW LAW, INCLUDING FIRPTA FIX
This week, President Bush signed into law the Housing and Economic Recovery Act of 2008. This sweeping legislation primarily seeks to protect homeowners from foreclosure, stop declining home prices, and stabilize the mortgage industry. Major provisions of the new law affecting the real estate practice are as follows:
- SELLER NEED NOT REVEAL SSN TO BUYER UNDER FIRPTA: Effective immediately, sellers are no longer required to provide to their buyers the Sell ...
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