2025 Upcoming Law & Policy Changes in Construction & Real Estate
Buyer Representation Agreements
Agreements are currently required before showing properties or making offers following a recent NAR settlement.
Each agreement will only be allowed a maximum duration of 3 months, with renewals also capped at 3 months.
Effective Date: January 1, 2025.
Exemption for Unlicensed Contractor Work
The limit for unlicensed contractor work is raised from $500 to $1,000 when no building permit is required and no additional labor is hired.
Effective Date: January 1, 2025.
Fair Housing: Unruh Act Amendment
Expanded to now protect traits associated with race, including hairstyles like braids, locs, and twists in business establishments.
Effective Date: January 1, 2025.
Landlord-Tenant Protections
Lock Changes for Abuse Victims: Landlords must change locks upon request within 24 hours, cover all related costs, and extend this protection to household members. Prohibits adverse actions against tenants who use this protection.
Effective Date: January 1, 2025.
Optional Positive Credit Reporting: Tenants can request that landlords report positive rent payments to credit bureaus. Exemptions apply to small, non-corporate landlords and buildings with 15 or fewer units.
Effective Date: January 1, 2025.
Security Deposit Photos: Landlords must document with photos at move-in, move-out, and post-repair/cleaning for any deposit deductions.
Effective Date: January 1, 2025; photos required by April 1, 2025, for all tenancies and by July 1, 2025, for new tenancies.
Probate – Small Estate Exception
Raises the probate-free transfer limit for primary residences from $184,500 to $750,000, enabling heirs to petition the court for asset distribution without probate.
Effective Date: January 1, 2025; active through March 31, 2028, with adjustments based on the Consumer Price Index every three years.
2025 law and policy changes for construction and real estate
Contact us at Cadwell & Co. to learn about more details on the new law and policy changes are for construction and real estate.