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4 x 4ing and other Illegal Subdivision Sales
The Department of Real Estate oversees the marketing and sales of subdivided lands, which is generally defined as developments consisting of five (5) or more
California Housing Market Outlook for 2021
The year 2020 — the year of the pandemic — was a turbulent one, and California has felt its adverse effects. The state is one
DRE Housekeeping items – Subdivision Sales Requirements
From time to time we are contacted by Real Estate Professionals, who are working with new home or lot sales, who need a refresher course
Deferment of Assessments (for Unimproved Common Area)
When an HOA is created, the assessments are triggered when the first lot or unit is sold. For planning purposes, it’s important to note that
Cash flow or component funding: Which is best for a reserve study?
Preserving market values with sound financial management and informed budgets is a critical task for any board of directors. It’s common for board members to
Construction – especially home building – is essential
After Gov. Gavin Newsom shut down much of California’s economy Thursday to slow the spread of the coronavirus, Sacramento construction executives and elected leaders went into overdrive.
Buying in Bulk
The success of the Costco chain of stores has proven that buying in bulk makes sense to a lot of us. From retail sales to
Releasing DRE Bonds
Filing bonds on subdivisions are one of those requirements that you can’t often avoid, without delaying getting your project to market. Subdividers under a Final
Dangers of an underfunded HOA reserve fund
At first glance, it’s tricky to see the dangers of an underfunded HOA reserve. Many HOAs often don’t understand the value of an adequate HOA reserve fund — until it’s too late!
Fiduciary Obligations
According to Wikipedia, a fiduciary “is a person who holds a legal or ethical relationship of trust with one or more other parties (person or
Completion Bonding & The Approval Process
Any time that the common area improvements will not be completed in a development at the time of the first sale closing, a financial security
Subdivision Names: How To Name A Community (Tips & Examples)
Naming a residential subdivision is never easy. You’ve not only got to make sure your name ticks all the right legal boxes, but you’ve also