COVERAGE INFORMATION:
California Department of Real Estate (DRE) NEWS CLIPS service coverage:
Monday through Friday (except state holidays) each week includes electronic format articles retrieved from newspapers or news services that report real estate related news in California and some national services. Coverage is for California newspapers that are available electronically via the Internet - and any significant related breaking news.
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Copyright © , California Department of Real Estate
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Friday, June 27, 2025
Top Stories
NWMLS adds referral fee disclosures to real estate forms
JONATHAN DELOZIER, HousingWire (Subscription)
Northwest Multiple Listing Service (NWMLS) has introduced new disclosure requirements aimed at increasing transparency around referral fees in residential real estate transactions across Washington state. The changes include a new stand-alone Referral Disclosure form and updates to brokerage services agreements.
California budget comes down to the wire as Newsom, lawmakers face off over housing
SOPHIA BOLLAG, San Francisco Chronicle (Subscription)
California lawmakers are scheduled to pass a budget that rolls back health care benefits for undocumented immigrants and makes other cuts, even as they continue to negotiate with Gov. Gavin Newsom over housing policies that have so far prevented them from reaching a final deal.
National News
NYC Developers Gripped by Hysteria After Mamdani’s Sudden Rise
REBECCA PICCIOTTO & PETER GRANT, The Wall Street Journal (Subscription)
New York City’s developers and landlords are in a mad scramble to block from City Hall the socialist who wants to freeze rent. Zohran Mamdani struck fear across the business community after his Tuesday night surprise victory against former New York Gov. Andrew Cuomo, who conceded in the city’s Democratic primary for mayor. In the days since, phones across the real-estate industry are ringing almost nonstop as panicked executives scrape together their contingency plans.
New Florida condo laws aim to add transparency for buyers
BROOKLEE HAN, HousingWire (Subscription)
Come July 1, those working and transacting in Florida’s condo market will have some new requirements to deal with. On Monday, Florida Governor Ron Desantis signed both HB 913 and HB 393 into law. Many of the changes outlined in the bills were championed by Florida Realtors. These changes include things like adjustments to document transparency and an extended deadline for “structural integrity reserve studies” (SIRS) until the end of 2025.
California News
Judge declines to take power over L.A. homeless programs away from city leaders
DAVID ZAHNISER, Los Angeles Times (Subscription)
A federal judge declined to put Los Angeles’ homelessness programs into receivership Tuesday, even as he concluded that the city failed to adhere to the terms of a three-year-old settlement agreement focused on addressing the humanitarian crisis.
Gov. Newsom, Legislature tangle with construction unions over minimum wage
BEN CHRISTOPHER, The Mercury News (Subscription)
California lawmakers are on the cusp of striking a last-minute deal to tie one of the year’s most ambitious and controversial housing bills to a new set of minimum wages for housing construction workers — a proposal that has thrown a wrench into budget negotiations just days before the deadline.
Homeless-related arrests, citations soared in these California cities after Supreme Court case
MARISA KENDALL, CalMatters
Homeless residents of some of California’s biggest cities increasingly are facing criminal penalties for the actions they take to survive on the street, according to a first-of-its-kind CalMatters analysis of data throughout the state. Saturday marks the one-year anniversary of the U.S. Supreme Court’s decision in Grants Pass v. Johnson, which upended California’s homelessness strategy by allowing cities to enforce blanket bans on camping — even if no shelter beds are available. Immediately after the decision, unhoused Californians and the people who help them reported seeing an increase in enforcement. But CalMatters’ reporting, gleaned from more than 100 public records requests, appears to be the first statewide effort to quantify that increase.
Industry News
Mortgage benefits emerge as valuable perk for employees in tight housing market
CANDYD MENDOZA, Mortgage Professional America
With homeownership feeling increasingly out of reach for many American workers, a growing number are turning to their employers for mortgage-related support. That’s the key takeaway from Multiply Mortgage’s 2025 workforce survey, “The State of Mortgage Benefits,” which highlights how financial stress and limited savings are impacting both employees and the companies they work for.
Trial date set in Compass vs. NWMLS lawsuit
BROOKLEE HAN, HousingWire (Subscription)
When it comes to legal actions, it looks like the next year is going to be a busy one for Compass. Last week, Judge Jamal N. Whitehead of the U.S. District Court for Western Washington scheduled the trial date for Compass’s lawsuit against Northwest MLS (NWMLS). The trial is set to begin roughly a year from now on June 8, 2026. Compass filed the suit against NWMLS in April 2025. As a non-Realtor-affiliated MLS, NWMLS does not have to follow the MLS policies set forth by the National Association of Realtors (NAR).
Real Estate Technology
Fannie Mae, Freddie Mac jointly create U.S. Financial Technology
SARAH WOLAK, HousingWire (Subscription)
Fannie Mae and Freddie Mac on Thursday announced the creation of U.S. Financial Technology LLC (U.S. Fin Tech) to take over their jointly shared legacy company, Common Securitization Solutions (CSS). U.S. Fin Tech’s name “better reflects its critical role in providing advanced, innovative technology, and business solutions for the Enterprises,” according to the announcement.
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