710 freeway, hardship acquisition, eminent domain,mary cummins, real estate appraiser, pasadena,market value, freeway, historical valuation Pasadena set up a task force to research whether or not landowners were paid market value for land purchased for the 710 freeway extension. Some of the land was purchased via "hardship acquisition" which differs from eminent domain. Hardship acquisition allows property owners to request that the government buy their land in advance of a planned project, often due to economic circumstances. It differs from eminent domain, in which the government f ..read more

Bill Assembly Constitutional Amendment ACA 10 has been proposed to state that housing is a human right in California. Below is from the bill. "Article  XXV Right to Housing SECTION 1. The state hereby recognizes the fundamental human right to adequate housing for everyone in California. It is the shared obligation of state and local jurisdictions to respect, protect, and fulfill this right, on a non-discriminatory and equitable basis, with a view to progressively achieve the full realization of the right, by all appropriate means, including the adoption and amendment of legislative meas ..read more

rent control, rent increase,homeless, mary cummins,real estate appraiser,real estate appraisal, los angeles, california,eviction, decontrol, affordability Rent control causes rent increases, loss of housing and neighborhood degradation. It also causes the public and cities to lose billions of dollars every year for the sake of a select few who would normally have just moved to a less expensive area. I'm writing an in depth article about the problems with rent control but in the mean time here's a very good article on the subject. Rent control harms the people it's supposed to help. I ..read more

appraisal bias, cindy chance, ceo appraisal institute, mary cummins, real estate appraiser, real estate appraisal, confirmation bias, loss aversion, anchoring bias, Interesting letter from Cindy Chance CEO of the Appraisal Institute. Basically people who automatically claim appraiser bias are they themselves biased. This is why the false narrative of the "racist white male appraiser" has gained so much traction in the media and with the public. It's gotten to the point that the government made up a fake solution to the fake appraisal bias problem to satisfy the public and garner vote ..read more

nar,national association of realtors,mary cummins, real estate appraiser, real estate appraisal, los angeles, california, realtor, settlement, commission, buyer,seller Notice I just received from NAR on the National Association of Realtors Sitzer-Burnett settlement. Key points: It takes effect mid July 2024. Sellers can't offer buyer commission in MLS offerings. They can still offer buyer concessions in MLS but buyer commissions must be negotiated off MLS. Put it in the contract. Buyers must have agreements with buyer agents before showing properties. #NAR #NARsettlement #marycummins ..read more

inglewood board of realtors, nar, national board of realtors, mary cummins, real estate, real estate appraiser, real estate appraisal, mls, flyers, los angeles, california, inglewood I was walking down the street and found these on the sidewalk. I followed the literal paper trail to a trash can full of Inglewood Board of Realtors MLS listing sheets from 1950-1990. Anyone need some historical Inglewood comps? :-D I took a huge bag full of them for historical reference. They're also from the Southwest Branch of the Los Angeles Board of Realtors. Click image to see larger. Mary Cummins ..read more

Today March 11, 2024 Marcia Fudge announced her resignation as the head of the Housing and Urban Development (HUD) Department. Her resignation will be effective March 22, 2024. Below is Marcia Fudge's press release about her departure as the Secretary of Housing in President Joe Biden's White House cabinet. The press release also includes a list of her alleged achievements. https://www.hud.gov/press/press_releases_media_advisories/HUD_No_24_048 The New York Times posted an article about Marcia Fudge's departure. https://www.nytimes.com/2024/03/11/us/politics/marcia-fudge-hud-resign ..read more

oceanwide plaza, mary cummins, real estate appraiser, real estate, los angeles, california, flower, figueroa, oceanwide holdings, rtkl, construction, graffiti January 30, 2024 an organized group of graffiti taggers vandalized the now vacant construction site of Oceanwide Plaza at 1101 Flower St in Los Angeles, California. It was a partially-completed residential and retail complex composed of three residential towers across the street from Crypto.com Arena and the Los Angeles Convention Center. The owner developer is Oceanwide Holdings. "The CallisonRTKL-designed complex will feature ..read more

mckissock learning, mckissock,appraisal institute, parea, real estate appraiser, mary cummins, real estate appraisal, training, certified, residential, license, hud, fha PAREA is the Practical Applications of Real Estate Appraisal. In order to become a licensed appraiser you currently need about a year or two and 1,000-1,500 hours of training experience as a trainee with another licensed and generally certified appraiser. You also need basic classes and other requirements. Because it was so difficult to find mentors willing to train trainees for free the government allowed the PAREA ..read more

board of realtors, mary cummins, real estate appraiser, mls, multiple listing service, beverly hills, los angeles, california, history, real estate, sales, agent, department of real estate Real Estate is one of the largest industries in the United States. It began with the first land grants and settlers of the New World starting in the late 1400's. Many countries including Spain, Portugal, Britain, France, Russia, the Netherlands, Denmark, and Sweden laid claim to the New World making and selling land grants. Over time individuals and speculators bought, sold and traded the land gran ..read more