Dalip Jaggi

California passed an interesting law affecting rental housing providers. Here's the TLDR on California’s AB 2747: WHAT - Requires most landlords to offer tenants the option to have rent payments reported to credit bureaus. - Signed into law Sept 19, 2024. - Effective April 1, 2025. KEY TAKE AWAYS - Must offer at lease signing (new leases after Apr 1, 2025) and annually. - Existing tenants must get the offer by Apr 1, 2025. - Notices must explain: optional participation, which bureaus, any fee (max $10/mo), opt-in/out terms, and the 6-month wait to rejoin after opting out. Nonpayment of the reporting fee ≠ eviction grounds; landlord may stop reporting after 30 days of nonpayment. Exemptions Owners of 15 or fewer units if not a REIT, corporation, or large LLC. This is a smart move; I already practice it. It has long been part of my tenant screening process, and making it mandatory encourages good behavior and makes it harder for bad actors to participate. The shortfall is making it optional... #landlording #RTA #tenants Calgary Residential Rental Association (CRRA) Alberta Residential Landlord Association

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We are investigating this at the San Diego MLS, and have contacted our attorneys to make sure that we are not missing anything. I received a Q and A from Zillow yesterday and will integrate it into my future questions. So, when I first got wind of this a few days ago, I asked Chat GPT the following: How does an SDK used with Chatgpt violate policy statement 7.58 from the MLS? (I know this prompt is probably lacking in specificity, but I had to strat somewhere). Chat GPT response: This is a nuanced policy issue that ties the MLS Handbook’s definition of “control” to how an SDK (Software Development Kit) like one used with ChatGPT handles listing display authority and modification. Following is a detailed explanation based on Policy Statement 7.58 from the MLS Handbook and how SDK-driven integrations (especially AI or automation SDKs) interact with it: 1. Policy 7.58 – MLS Control of Listing Display Policy 7.58 generally establishes that: Participants must retain control over the display of their own listings and cannot delegate or surrender that control to unaffiliated third parties for purposes of public display. In plain terms: The MLS Participant (the broker or agent) must be the one deciding how and where listings appear. Third-party tools (even if integrated) cannot alter, prioritize, or redistribute listing data outside the MLS rules. The MLS enforces display consistency, attribution, and compliance (e.g., ensuring accurate source credit, no misleading modifications, and compliance with IDX/VOW display standards). 2. What an SDK Does with ChatGPT When an SDK is used to integrate ChatGPT or another AI assistant, it often: Pulls MLS data (via API or IDX feed) into an AI model environment. Processes or rephrases the listing data to respond to user prompts. Potentially alters how the data is displayed or represented — e.g., summarizing features, changing order of attributes, omitting disclaimers, or generating conversational output. Even if the SDK doesn’t change the raw data, it changes the form and control context — the AI becomes the “interpreter” and may dynamically output the data beyond the MLS Participant’s direct control.

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General Trends Across Sonoma County (Early 2025): Inventory Surge: Overall inventory in Sonoma County saw a significant increase in Q1 2025 (around 55.7% compared to the previous year). This gives buyers more options across various price points. Seller's Market Under $2M, Buyer's Market Over $2M: The market is bifurcated. Properties under $2 million are still generally in a seller's market with decent absorption rates, while the market for homes over $2 million leans towards a buyer's market with more negotiating power. Cash is King (Especially Luxury): Cash buyers, particularly in the over $2 million segment, have significant negotiating leverage. Pricing Accurately is Crucial: Overpriced homes are taking longer to sell and often require price reductions. Increased Days on Market: Overall, properties are taking longer to sell compared to previous years. #continuumnoel #continuum_real_estate #side_realestate #listingagent #realestatestories #continuumnoel #sonomacounty #sonomacountyrealestate #luxuryliving #luxuryrealestate #californiadreaming #vacationhomes

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