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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Tuesday, June 10, 2025
Top Stories
NAR: The settlement didn't kill procuring cause
ANDREA V. BRAMBILA, Inman (Subscription)
The concept of who brings the buyer that completes a real estate sale will remain, though it may come up less frequently in commission disputes, according to the trade group.
‘No legitimate justification’: California broker sues NAR over ‘anticompetitive’ dues
JEFF ANDREWS, HousingWire (Subscription)
A California real estate broker is suing the National Association of Realtors (NAR) over a policy that forces brokers to pay dues for agents who aren’t members of their state, local or national Realtor associations. John Diaz, who’s based in Modesto, claims that NAR’s Variable Dues Formula (VDF) policy penalizes brokers for associating with agents who aren’t Realtors. He claims this limits a broker’s ability to compete with larger firms by imposing undue financial pressure that disproportionately impacts small brokerages.
National News
RARE, a Canadian brokerage featured on reality TV, enters the US market
JONATHAN DELOZIER, HousingWire (Subscription)
Canadian-based RARE Real Estate has launched operations in South Florida, marking its official entry into the U.S. market. The move is part of a broader expansion strategy by the fast-growing brokerage, which gained recent attention through its feature on the Amazon reality series “Luxe Listings Toronto.”
Senate pushes veteran partial claim option after House passage
CHRIS CLOW, HousingWire (Subscription)
Following the passage of a bill in the House of Representatives that would establish a new partial claim option for veteran mortgage borrowers, the Senate is taking up a bipartisan bill with the same ultimate aim.
California News
Orange County condo requires $189,000 income to buy
JONATHAN LANSNER, The Orange County Register (Subscription)
You’d need to earn $189,000 annually to comfortably finance the purchase of an Orange County condo. This is simply another way to view local homebuying’s affordability headache. And how did we establish that budgetary standard for what’s arguably the “bargain” homeownership option? Well, my trusty spreadsheet looked at monthly pricing data from Attom, which tracks closed sales for existing condos and newly built ones and 30-year fixed-rate mortgage data from Freddie Mac. For historical context, March results were compared with March 2024 – plus March 2019, as a measurement of homebuying before the economy-twisting pandemic.
The fight to reduce homeless service worker burnout in grueling industry
ANDREW KHOURI, Los Angeles Times (Subscription)
Josh Hoffman sat before a room of aspiring homeless service workers and talked about why it’s important not to get discouraged. To make his point, the veteran in the field recalled a story of a woman with mental health issues who repeatedly refused to move into a new building because birds in the neighborhood told her it wasn’t safe.
Will smaller San Diego lot sizes solve housing woes? New study thinks so
PHILLIP MOLNAR, The San Diego Union-Tribune (Subscription)
Pro-housing advocates say reducing San Diego’s residential lot sizes could lower home prices, and increase tax revenue for the cash-strapped city. A coalition of housing groups Friday morning said that denser developments are needed in America’s Finest City. They presented research from housing analysts London Moeder Advisors at a news conference in front of City Hall in downtown San Diego that they say supports their claims.
Hayward landlord charged with misdemeanors for firing pistol in dispute with tenant
NATE GARTRELL, The Mercury News (Subscription)
A local landlord has been charged with three misdemeanors for allegedly threatening to shoot his tenant, then firing a shot into the ground for good measure. The 41-year-old Hayward man was charged with making a threat, brandishing a gun and negligent discharge of a firearm, all misdemeanors. He has already been released from jail but is subject to a court order to not possess firearms, records show.
Industry News
Fannie Mae: Consumer housing market sentiment hits 2025 high point
JONATHAN DELOZIER, HousingWire (Subscription)
U.S. consumer sentiment toward the housing market improved in May and reached its highest level since November 2024, according to Fannie Mae. Fannie Mae’s Home Purchase Sentiment Index (HPSI) rose 4.3 points to 73.5 last month, driven by increased optimism about home buying and selling conditions and expectations that mortgage rates may fall in the coming year.
Brokers might not agree on CCP, but they do believe in broad exposure for listings
BROOKLEE HAN, HousingWire (Subscription)
Real estate industry executives may not see eye to eye on the National Association of Realtors‘ (NAR) Clear Cooperation Policy (CCP), but there is one thing they do agree on — the vast majority of sellers receive the most benefit from listing transparency and broad exposure of their listings.
California Regional MLS Offers Complementary Real Estate News Subscriptions to All Users
CALIFORNIA REGIONAL MLS, PRNewswire
California Regional MLS (CRMLS), the most recognized multiple listing service in the nation, will now offer its users digital subscriptions to Real Estate News, the impartial and solutions-oriented industry news source. This new service was announced today at Thrive Broker Summit.
Real Estate Technology
Real estate AI increasingly blurs the lines between humans and tech
JIM DALRYMPLE II, Inman (Subscription)
Real estate companies are rolling out AI assistants with human names and attributes. The tools are increasingly blurring the lines between what tech can do — and what it is.
Property News
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In Case You Missed It
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Resources, Webinars, and Other Items of Interest
Part of Highway 50 to close in Sacramento area for 3 days. Here’s when and where
VERONICA FERNANDEZ-ALVARADO, The Sacramento Bee
Construction will once again close a key stretch of Highway 50 in West Sacramento for more than three days, according to the California Department of Transportation. The 79-hour closure along the western portion of the Capital City Freeway, as well as ramps connecting Interstate 80, will coincide with an Athletics home game at Sutter Health Park, Caltrans’ District 3 said in a June 3 news release.
