Broker Property Real Force In Alameda
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Pursuant to Alameda Municipal Code Section 6-58.60(B), the Annual General Adjustment for September 1, 2024, through August 31, 2025, is 2.7%. The Annual General Adjustment is a cap on the allowed amount of annual rent increase.
Among its main provisions, the Rent Ordinance: Regulates and limits rent increases for most rental units. Regulates and limits the grounds for which a landlord may terminate a tenancy, and may require relocation payments for tenants who are displaced from a rental unit through no fault of their own.
STATE OF CALIFORNIA: Limits annual rent increases to no more than 5% + local CPI or 10% whichever is lower. Provides Just Cause protections to tenants.
Among its main provisions, the Rent Ordinance: Regulates and limits rent increases for most rental units. Regulates and limits the grounds for which a landlord may terminate a tenancy, and may require relocation payments for tenants who are displaced from a rental unit through no fault of their own.
Exemptions. Keep in mind that certain properties are exempt from California rent control law. These types of properties include: Condos and single family-homes not owned by a real estate investment trust (REIT), corporation, or corporation-owned LLC.
Most rental units in Alameda are fully regulated, i.e. all provisions of the Rent Ordinance apply.
Real estate agents are required to work under a supervising real estate broker in California. Brokers, on the other hand, have the freedom to work under another broker, work completely independently, or build their own real estate companies full of real estate agents working under them.
Real estate agents are licensed to help people buy, sell, and rent real estate and must work for a sponsoring broker or brokerage firm. Brokers have additional training and licensing requirements and can work independently or hire other real estate agents to work for them.
The Real Estate License Law prohibits brokers in a transaction from acting for more than one party without the knowledge of all parties for whom the broker acts. The most common complaints deal with dual agency, seller subagency, and special relationships between the parties.
