New Laws
Jan. 7, 2015
AB 1888: Real estate transaction transparency
Gov. Jerry Brown approved Assembly Bill 1888 in June 2014, eliminating the option for parties to avoid disclosing in public records the amount of documentary transfer tax payable at closing of real estate transactions.
Gov. Jerry Brown approved Assembly Bill 1888 in June 2014, eliminating the option for parties to avoid disclosing in public records the amount of documentary transfer tax payable at closing of real estate transactions. The result will be to make the value of each such transaction readily apparent, which many purchasers and sellers typically try to avoid.
Counties and cities are authorized to levy documentary t...
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