Corrective deeds are essential in maintaining accurate property records, especially in luxury real estate markets like Newport Beach and Laguna Beach. Learn when you need to file a new deed, how to correct errors, and why precise documentation is vital for coastal Orange County properties. Discover expert advice from Lucas Real Estate Group to ensure your property transactions are seamless and legally sound.
Introducing Assembly Bill 12 (AB 12) – Effective July 1, 2024, this legislation will significantly impact the rental landscape in California. Under AB 12, landlords will be restricted in their ability to demand security deposits, with a new cap set at one month’s rent. Learn how these changes may affect Newport Beach and Costa Mesa real estate, and how Lucas Real Estate can help navigate these challenges.
Amidst recent developments in real estate, the California Association of REALTORS® (C.A.R.) has taken proactive measures to address potential confusion surrounding buying and selling homes. As part of this initiative, C.A.R. has published an open letter in prominent California newspapers, including the Los Angeles Times and San Francisco Chronicle. The letter aims to clarify upcoming changes in business practices resulting from antitrust lawsuits, emphasizing transparency and consumer awareness.
At Lucas Real Estate, we’re dedicated to staying at the forefront of industry changes and ensuring our clients understand how these new rules will impact their home buying and selling journey. As the landscape of real estate evolves, we remain committed to guiding buyers and sellers through these transitions with expertise and clarity.
For 2024, the federal estate tax threshold is $13.61 million for individuals, which means married couples don’t have to pay estate if their estate is worth $27.22 million or less. For 2023, the threshold was $12.92 million for individuals and $25.84 million for married couples.
New Requirements for Buyer Representation Agreements and other pending changes to the industry.
The California Association of REALTORS® (C.A.R.) has received many questions about the National Association of REALTORS® (NAR) proposed settlement of the antitrust class action lawsuits brought related to broker compensation. The settlement is subject to final court approval; however, because the release of claims extends through the date of class notice, NAR will be putting … Continue Reading
From our friends at Lawyer’s Title, a great infographic on the differences between a Grant Deed and a Quitclaim Deed. This question often comes up, especially in many of our family transactions involving gifts or inheritance or selling below fair market value here in Newport Beach, Costa Mesa or anywhere in the state of California. (other … Continue Reading
How to take ownership of a property is very important and should be carefully considered, potentially with consideration from your attorney. Here is an overview of the forms of ownership and implications.
As people may know, following years of litigation, The National Association of REALTORS® has reached a tentative settlement in a class-action lawsuit that would enact substantial changes to the way commissions are offered in marketing materials and via the Multiple Listing Service, or MLS. How will this change your real estate sale in Newport Beach, … Continue Reading
An update on the Prop 19 repeal efforts from The Howard Jarvis Taxpayers Association.
Lucas Real Estate
2901 West Coast Highway Suite 200 | Newport Beach | California | 92663-4023
[email protected] | 949.478.1623 office
Devin Lucas BRE No. 01912302 | Courtney Lucas BRE No. 02015514
Lucas Real Estate, a dynamic full-service residential real estate team led by Devin Lucas, REALTOR®, Real Estate Broker, and Real Estate Attorney, and Courtney Lucas, REALTOR® and CPA, offers unparalleled expertise in Newport Beach and surrounding areas.
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