Real estate industry navigating changes to how agents get paid commission
A change in the way real estate agents get paid commission sparked questions and debates about the process of purchasing a home and who ultimately benefits.
A change in the way real estate agents get paid commission sparked questions and debates about the process of purchasing a home and who ultimately benefits.
Concord passed a tenant-protection ordinance much to the delight of housing rights advocates. Now the new law is on hold as the landlords scramble to put the issue before the voters.
Concord passed a tenant-protection ordinance much to the delight of housing rights advocates. Now the new law is on hold as the landlords scramble to put the issue before the voters. John Ramos reports. (4-7-24) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: http://www.facebook.com/CBSSanFrancisco Instagram: http://www.instagram.com/KPIXtv Twitter: http://twitter.com/KPIXtv
The National Association of Realtors, which represents more than a million real estate agents nationwide, settled a number of lawsuits Friday. One of the conditions of the agreement is that rules on commissions for agents brokering a home sale will be eliminated, meaning that the standard 5% to 6% commission rate could be gone as soon as this summer.
The landmark deal, if approved by a court, could cause real estate fees to drop by as much as 30%, experts say.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
Proposition C in San Francisco would waive the transfer tax for properties that are converted from commercial to residential use. Max Darrow reports. (2-22-24) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: http://www.facebook.com/CBSSanFrancisco Instagram: http://www.instagram.com/KPIXtv Twitter: http://twitter.com/KPIXtv
A church that was once in a predominantly black neighborhood of Berkeley has been transformed into a multi-million dollar home as a new state law is making it easier for places of worship to be converted into housing.
A condo complex proposed to be built on the Sausalito waterfront is sure to provoke a NIMBY battle. José Martínez reports. (2-2-24)
Homes in the most expensive ZIP codes cost almost 200 times more than the cheapest on a square-foot basis, a new analysis finds.
The Conservation Fund purchased the Richmond Ranch on Monday, a 3,653-acre property in southern Santa Clara County.
A decade-long effort to build affordable housing is finally becoming a reality on Treasure Island in San Francisco Bay. Kenny Choi reports. (1-11-24)
Streets remained closed in the area of People's Park in Berkeley as crews worked Thursday night to completely shut off the park to the public.
2024 could be the year that brings a long-awaited shake up to the real estate industry as lawsuits claiming conspiracy among companies to inflate commission are being heard in court.
2024 could be the year that brings a long-awaited shake up to the real estate industry. Lauren Toms reports. (12-14-23) Read more here.
Hunters Point residents plan to sue after recent discovery of radioactive objects at a waste site set to be developed into a waterfront neighborhood. Kenny Choi reports. (12-7-23)
On Saturday, a group of San Franciscans were given the ceremonial keys to new homes thanks to Habitat for Humanity. John Ramos reports (12-2-23)
Alameda County courts are trying to keep up with an avalanche of tenant eviction cases after a moratorium came to an end this year. Lauren Toms reports. (12-1-23)
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
Residents of the Baywood neighborhood in San Mateo are sharply divided over whether it should be designated a historic place. Max Darrow reports. (11-29-23)
The State Bar of California announced Tuesday it sold its San Francisco headquarters at 180 Howard Street in the financial district to Ridge Capital Investors for $54 million.
It's more expensive to live in Vallejo than New York, according to a new listing by U.S. News and World Report. Andrea Nakano reports. (10-26-23)
Prospective Bay Area home buyers are in a tough spot as mortgage rates hit a two-decade high, leaving some prospective home buyers re-evaluating their dreams.
José Martínez spoke with a would-be homebuyer in Daly City who's struggling to find a place she can afford. (10-20-23)
The Antioch Planning Commission will consider a new policy allowing construction of affordable accessory dwelling units on land owned by faith-based organizations.
The death of a woman last week at a Gilroy home is being investigated as suspicious, police said Thursday.
Ten U.S. service members were injured in a training incident involving two helicopters at Naval Air Station Fallon Wednesday night, police in Reno, Nevada, said.
Slower ticket sales to this year's Burning Man festival are having an impact on some businesses in San Francisco.
Investigators used DNA to track down and arrest a suspect this week in the 1973 sexual assault and killing of a woman in Marin County.
Stepping inside the new Spartan Village on the Paseo in San Jose, it's almost hard to remember the building used to be a hotel.
The death of a woman last week at a Gilroy home is being investigated as suspicious, police said Thursday.
Ten U.S. service members were injured in a training incident involving two helicopters at Naval Air Station Fallon Wednesday night, police in Reno, Nevada, said.
Slower ticket sales to this year's Burning Man festival are having an impact on some businesses in San Francisco.
Investigators used DNA to track down and arrest a suspect this week in the 1973 sexual assault and killing of a woman in Marin County.
Stepping inside the new Spartan Village on the Paseo in San Jose, it's almost hard to remember the building used to be a hotel.
Slower ticket sales to this year's Burning Man festival are having an impact on some businesses in San Francisco.
San Francisco business owners faced with repeated break-ins say "false alarm" fees being assessed by the city when their burglar alarms sound are adding insult to injury.
A woman died after being hit by a car Thursday afternoon in San Francisco's Glen Park neighborhood, police said.
The San Francisco City Attorney's office is suing companies that create "deepfake nudes," where artificial intelligence is used to turn photos of adults and children into pornography.
A parolee suspected in multiple violent assaults of people going about their day in and around Redwood City on Wednesday was arrested, authorities said.
Las Vegas Convention and Visitors Authority president and CEO Steve Hill says he is optimistic three key documents needed to begin construction on a new stadium for the Athletics would be approved Dec. 5.
While CHP officers have been deployed to Oakland as part of a crackdown on retail crime, some businesses in the Grand Lake area say more needs to be done.
Police in Brentwood on Thursday arrested a second suspect who was allegedly involved in a kidnapping that happened over the weekend, according to authorities.
The BART Board of Directors voted to approve two multi-million-dollar contracts Thursday -- one to build a new police headquarters in downtown Oakland and one to install new fare gates designed to keep people from hopping on trains without paying.
Pleasanton police said they seized $130,000 worth of illegal products from three smoke shops during a roundup last week.
The death of a woman last week at a Gilroy home is being investigated as suspicious, police said Thursday.
Stepping inside the new Spartan Village on the Paseo in San Jose, it's almost hard to remember the building used to be a hotel.
Rock musician Greg Kihn, best known for his 1980s hits "Jeopardy" and "The Breakup Song (They Don't Write 'Em)" and his long-running radio show in the Bay Area, has died at the age of 75, according to his management.
Cisco Systems says it is planning to lay off 7% of its employees.
A San Jose police officer is on administrative leave and is facing felony domestic violence charges in connection with a series of incidents involving his now-pregnant girlfriend, prosecutors said.
Investigators used DNA to track down and arrest a suspect this week in the 1973 sexual assault and killing of a woman in Marin County.
A suspected gang-related shooting in Santa Rosa Tuesday night sent a 20-year-old man to the hospital earlier this week, police announced Thursday.
Fire retardant is an important tool in fighting wildfires, and at the Sonoma Air Attack Base, crews are ready to make more of it and deploy at a moment's notice.
A man on parole was arrested after allegedly attempting to stab his family members with a knife and barricading himself inside a residence in Tracy over the weekend, police said.
The Marin County Sheriff's Office said its deputies arrested a suspect in connection to the Queenstone Fire.
Las Vegas Convention and Visitors Authority president and CEO Steve Hill says he is optimistic three key documents needed to begin construction on a new stadium for the Athletics would be approved Dec. 5.
Logan Webb threw seven-plus shutout innings, Grant McCray had his first career hit and home run, and the San Francisco Giants beat the Atlanta Braves 6-0 on Thursday to avoid a sweep.
The Golden State Warriors released their NBA 2024-25 schedule, which will feature the return of Klay Thompson to the Bay Area and a Christmas Day matchup with the Los Angeles Lakers.
Powered by JJ Bleday's first career grand slam, the Oakland Athletics rallied to beat the New York Mets 7-6 in the longest nine-inning game in the pitch-clock era.
Team USA's Jordan Chiles took to Instagram to open up about the loss of her bronze medal.
The death of a woman last week at a Gilroy home is being investigated as suspicious, police said Thursday.
Investigators used DNA to track down and arrest a suspect this week in the 1973 sexual assault and killing of a woman in Marin County.
San Francisco business owners faced with repeated break-ins say "false alarm" fees being assessed by the city when their burglar alarms sound are adding insult to injury.
While CHP officers have been deployed to Oakland as part of a crackdown on retail crime, some businesses in the Grand Lake area say more needs to be done.
Police in Brentwood on Thursday arrested a second suspect who was allegedly involved in a kidnapping that happened over the weekend, according to authorities.
The San Francisco City Attorney's office is suing companies that create "deepfake nudes," where artificial intelligence is used to turn photos of adults and children into pornography.
Cisco Systems says it is planning to lay off 7% of its employees.
Staring at an iPad screen too much may keep little kids from learning to control their emotions, a new study finds.
Google on Tuesday unveiled its next generation of Pixel phones, providing the maker of Android software a head start on the next iPhone in the race to bring more artificial-intelligence services to devices.
Less than one week after expanding robotaxi service outside San Francisco, Waymo announced that its autonomous vehicles will begin using the city's freeways.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
Florida cucumber grower used untreated canal water found to be tainted with salmonella bacteria, laboratory tests found.
Trader Joe's reports 14 incidents of high flames, a handful resulting in minor burns and limited property damage.
Santa Clara County reported the first two cases of West Nile virus in 2024, including one patient who died at a hospital this month, health authorities said Wednesday.
Staring at an iPad screen too much may keep little kids from learning to control their emotions, a new study finds.
An unsealed federal indictment in the Matthew Perry ketamine overdose case has supporters of California's Prop 36 calling the case a cautionary tale.
Las Vegas Convention and Visitors Authority president and CEO Steve Hill says he is optimistic three key documents needed to begin construction on a new stadium for the Athletics would be approved Dec. 5.
The BART Board of Directors voted to approve two multi-million-dollar contracts Thursday -- one to build a new police headquarters in downtown Oakland and one to install new fare gates designed to keep people from hopping on trains without paying.
Vice President Kamala Harris' stances on some issues have evolved in the past four years since her first run for the presidency.
Attorneys for former President Donald Trump asked the judge overseeing his criminal case in New York to delay his sentencing until after the presidential election in November.
As if it were just another day at work, San Francisco Fire Chief Jeanine Nicholson spoke to city leaders and colleagues who had gathered to celebrate her retirement at the city's fire department headquarters Wednesday.
In a tale of resilience and advocacy, Veronika Fimbres shares how her life changed dramatically when she moved from New York City to San Francisco over 25 years ago. Jose Martinez reports. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
San Francisco company the Parallel Opera is producing a special show entitled "Expansive" which celebrates the talents of gender nonconforming opera artists.
State lawmakers voted to make California the first state to officially observe Transgender History Month last year, partly thanks to the efforts of a Bay Area activist who lobbied for the move.
A popular gay bar in San Francisco is celebrating a major milestone.
A biopic about late Oakland Raiders coaching great John Madden -- who went on to even greater fame as a broadcaster and NFL icon -- will feature Oscar-winning actor Nicolas Cage in the title role, according to reports.
Rock musician Greg Kihn, best known for his 1980s hits "Jeopardy" and "The Breakup Song (They Don't Write 'Em)" and his long-running radio show in the Bay Area, has died at the age of 75, according to his management.
Taylor Swift's blockbuster "Eras Tour" resumed in London on Thursday after her concerts in Vienna were canceled earlier this month because of an alleged terror plot.
Gena Rowlands, hailed as one of the greatest actors to ever practice the craft, died at 94 on Wednesday, her representatives confirmed.
Reunited '90s riot grrl band Bikini Kill returns to the Bay Area for only the second time since they originally split up over two decades ago, headlining the Warfield for two nights starting Sunday.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Friday 7 a.m. news update from KPIX
Jessica Burch says the Bay Area is looking at below-normal temperatures over the next week. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Jessica Burch says the Bay Area is looking at below-normal temperatures over the next week. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Slower ticket sales to this year's Burning Man festival is having an impact on some businesses in San Francisco. Andrea Nakano reports (8-15-24) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: http://www.facebook.com/CBSSanFrancisco Instagram: http://www.instagram.com/KPIXtv Twitter: http://twitter.com/KPIXtv
Rock musician Greg Kihn, known for 1980s hits "Jeopardy" and "The Breakup Song" and his long-running radio show in the Bay Area, has died at the age of 75. (8-15-24)
Swimming lessons are not simply a summer activity but a weekly highlight for differently-abled children in a popular aquatic program that has lasted for more than three decades.
A Marin County couple is kicking off their 20th year making sure senior citizens don't go hungry, and they have no plans to retire even though they're older than some of the people they serve.
A San Mateo man who serves formerly unhoused military veterans is expanding his mission to reach more of the county's 24,000 veterans.
A Palo Alto woman who opened the first inclusive playground in the Bay Area for people of all abilities is spreading her magic throughout the region and beyond.
A Marin County woman who provides four-legged emotional support for first responders has expanded her nonprofit across the country.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.
A onetime pupil has now become a student advisor, giving back after years of mentorship led him to success.
Police departments all over the country are having a hard time finding new officers, but one Bay Area student is criss-crossing the world while preparing for a career in law enforcement here at home.