California SB880 regulates fees for residential property transfers and mandates marketing practices for institutional investors.

California SB880 limits fees for signing and delivering documents related to residential property transfers to no more than ten dollars. It mandates that institutional investors publicly market residential properties with one to four units through a multiple listing service or similar platform. Institutional investors must prioritize offers from prospective owner-occupants for 30 days after listing. The bill also prohibits bundled sales and off-market transfers and allows for civil penalties for non-compliance.

California SB880 regulates fees for residential property transfers and mandates marketing practices for institutional investors.

California SB880 limits fees for signing and delivering documents related to residential property transfers to no more than ten dollars. It mandates that institutional investors publicly market residential properties with one to four units through a multiple listing service or similar platform. Institutional investors must prioritize offers from prospective owner-occupants for 30 days after listing. The bill also prohibits bundled sales and off-market transfers and allows for civil penalties for non-compliance.