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Supreme Court Rules on Dual Representation

I mentioned earlier in September  about how 2 Coldwell Banker agents represented a buyer and seller in a transaction and there was a discrepancy in the square footage.  The buyer sued Coldwell Banker and the agents.  The heart of the question was, does the listing agent owe a fiduciary duty to the buyer and since Coldwell Banker is the brokerage to both the buyer and seller? The answer is YES.  There are a lot of ramifications to this decision and we will have to see how things pan out. Case Summary and decision-- http://www.courts.ca.gov/opinions/documents/S218734.PDF
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Historical Average and Median Prices for Detached Homes in Fremont

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A request from a client to run a historical chart of the average and median prices for detached homes in Fremont last year has opened a lot of conversations.  This is the first time since BayEast MLS started recording sales data in 1997 that Fremont's average detached home (aka: single family homes) sale has officially reached the $1M mark.  As always, I don't have a crystal ball, I'm not a lawyer or accountant, so I can't interpret this chart for you.  This chart has NOT been adjusted for inflation, this is just the raw sales average and median prices.
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San Leandro Backs Off on Rent Control

On Monday, Feb 1 the the San Leandro City Council adopted revisions to its existing Rent Review Ordinance, but did not make the ordinance apply to single-family homes. The changes will allow a tenant to initiate the rent review process if their rent is increased 7%. Their landlord must participate in the review process or the increase will not be allowed. The mediation process does not require a landlord to reduce their rents - they must simply participate in the process. Again, single-family homes will not be subject to this ordinance.
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