New Real Estate Laws Passed For 2024

These new real estate laws passed for 2024 and in my opinion, are not going to make it better.

Here are a few of these new laws that passed

Accessory dwelling units, also known as ADU’s, Assembly Bill 1033

This bill will now allow ADU’s to be sold, which could in effect create multiple units on a given lot, each being sold separately which could mean that disputes between these homeowners on who will be responsible for what and who is going to pay for what, etc.

Now this law does allow cities to decide if they are going to participate.

Can you see all the future problems and issues to come, and all the new disclosures that will be needed to go along with this new law?

Here is a link to the actual bill if you want to read it: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240AB1033

Another bill that just passed for 2024 is Assembly Bill 968, sounds good but does it help protect the buyer?

I can see a seller of that flip house telling a buyer of that flip house that later has a problem with house, (I’m sorry, but that was done by so-and-so contactor, and you have to deal with them and that contactor telling the buyer, no, I just installed it, and you have to contact the manufacture, etc.).

I know because, at least one new home builder has done it in the past to me and that, contactor was no longer in business, as per the contactor’s name they used when they built the units for the builder, and I had to pick up the cost myself.

Here is a link to that bill if you want to read it: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240AB968

This is a couple of Assemblies Bills that passed for this year, 2024. I will go over others in my future articles

Steve Olmos
Selling real estate in Southern California since 1980

Steve Olmos: www.steveolmos.com
Homequest Real Estate

Diana Olmos: www.mortgagemarketingmentor.com
Statewide Funding Inc.