Thursday, May 29, 2008
Point-of-Sale Bill Passes Assembly
AB 2678 (Núñez) was passed by the Assembly on a 44-33 vote on Wednesday. Three votes more than the 41 needed to pass. AB 2678 will now go before the state Senate. As mentioned in my previous blog AB2678 would require that all homes and commercial property in California have an energy audit at point-of-sale, and that mandatory energy efficiency investments be made. The California Association Of Realtors strongly opposes the point-of-sale requirements in AB 2678 "because they are not necessary to achieve the bill’s objectives and such mandates will weaken the housing market." If enacted, AB 2678 could add thousands of dollars to the cost of purchasing a home, including up to $400 just to have the home audited.
San Fernando Valley Real Estate
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