March 2014

Found 4 blog entries for March 2014.

  California Senate Bill 745 - Starting July 1st, 2014, the State Fire Marshall will not approve a battery-operated smoke alarm unless it contains a non-replaceable, non-removeable battery with a 10-year capacity.  This rule was originally scheduled to take effect on January 1st, 2014, but has now been postponed until July 1st, 2014.  This law, however, provides a one-year grace period until July 1st, 2015 for any smoke alarms that have been ordered by, or are in the inventory of, an owner, managing agent, contractor, wholesaler, or retailer on or before July 1st, 2014.     Furthermore, starting January 1st, 2015, the State Fire Marshall will not approve a smoke alarm unless it does all of the following:  
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California Assembly Bill 92 - A new tax law that may give 1031-exchange buyers a good reason to buy an up leg property in California, instead of another state.  For a 1031 exchange occuring on or after January 1st, 2014, a taxpayer who acquires a "like kind" property in an exchange that is located outside of California must file an information return with the Franchise Tax Board (FTB) for that taxable year and every year thereafter until the capital gain or loss from the 1031 exchange is recognized.  If a taxpayer fails to file the required information return and tax returns, the FTB may propose to assess the amount of tax, interest, and penalties due by estimating net income, including gain, from any available information.  The FTB will draft and make

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In 2009, Governor Arnold Schwarzenegger signed into law Senate Bill 407, which defines as "noncompliant" all non-water-conserving plumbing fixtures (generally, faucets, showerheads, and toilets installed in residential and commercial structures before January 1st, 1994) and requires that they be replaced as a part of any building alterations or improvements made after January 1st, 2014.  Also, this law requires that all noncompliant plumbing fixtures in any single-family residence be replaced with water-conserving fixtures on or before January 1st, 2017, and that all noncompliant fixtures in multifamily residential and commercial real property be replaced on or before January 1st, 2019.

 
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Most likely you've already explored many of the real estate web-sites to find a home to buy, rent or maybe even see what your home is worth.  What's difficult to understand is which web-site is best and why are they better?  Most viewers have no idea what the MLS is or where all of the information comes from, how it gets there, etc.

HOW DOES THE DATA GET ONLINE?

When a REALTOR® adds a new real estate listing to their local Multi Listing Service (MLS) they have the option to allow 3rd party web-sites like Trulia to import the real estate agent's listing information.  This local MLS is likely own by several different local REALTOR(R) Associations, which is is owned by it's members, Real Estate Agents.  The smaller REALTOR Associations are typically

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