State of The Nation

Gavin Gets Tough on Local Government Homeless Action This is an update on California Governor Gavin Newsom's recent actions and statements regarding homelessness and encampments in the state. Here's a summary of the key points: 1. Funding Threat: On August 9, 2024, Newsom announced that cities and counties not clearing homeless encampments could lose state funding starting next year. 2. Executive Order: Newsom issued Executive Order N-1-24 on July 25, 2024, directing state agencies to address encampments on state property urgently and humanely. 3. Legal Context: A recent U.S. Supreme Court decision overturned previous rulings that restricted governments from clearing encampments when shelter beds weren't available. 4. State Actions:    - Newsom ordered state agencies to clear encampments on state land.    - California has resolved over 11,000 encampments since July 2021.    - The state has invested about $24 billion to address homelessness under Newsom's le...

Decoupling of Commissions and Changes in Real Estate Industry   NAR Lawsuit settlement 2024 - Brian Icenhower breaks down the impacts of the National Association of REALTORS on real estate agents. The video discusses the recent settlement reached by the National Association of Realtors (NAR) regarding alleged price-fixing practices. According to the speaker, Brian Eisenhower, the settlement will decouple commissions, eliminating automatic offers of compensation in MLS. This change will require agents to negotiate commissions on a per-transaction basis, much like the commercial real estate industry. The speaker emphasizes the need for agents to explain this change to clients, as well as the importance of securing buyer agency agreements to ensure commissions are paid. The video also notes that the settlement may lead to a decrease in MLS influence and an increase in pocket listings, potentially shifting the balance of power in the real estate industry. Summary Here are s...