McKae Properties Real Estate Market Commentary

Realtor Settlement  First allow me to make a disclaimer.  The comments are my own.  They are not related or part of any comments of the National Association of Realtors, California Association of Realtors or any local Realtor Association I am or was a member of.  Nor are my comments that of eXp Realty of California and any Real Estate Broker I have been associated with either now or in the past. Now with that out of the way....6% real estate commission died years ago.  5% has been dying the similar death. (At least here in California) With the increase in property prices there has been a variable fee developed by listing agents with negotiation of services to the seller. Buyer/broker representation forms have been growing with acceptance. In my opinion to claim the 20% increase in property prices since the pandemic, on a national level, is associated with real estate commissions is ludicrous and a bit of a exaggeration.  It is really supply and demand and the cost of money that drove p

  From the beginning of the Pandemic to the present there has been numerous laws passed by Cities, Counties and the State of California to address the ills that landlords have placed on renters.   Most notably: Under Civil Code Section 1941.1 et seq . and the Health and Safety Code Section 17920.3 et seq. require landlords and property managers maintain rental units in a condition that is habitable.   Failure to do so is a breach of warranty of habitability.   I believe this law started the law suits and Town and Community awareness of issues that were being created by Landlords negligence. The influx of laws accelerated with the Pandemic.   Landlords were banned from evicting renters during the pandemic and renters did their best to find reason to not pay rent.   When the bans ceased evictions sky-rocketed.   In California renters had the benefit of Civil Code Section 1941.1 et seq. and the Health and Safety Code Section 17920.3 et seq. This State law along with the support of Renter