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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (14677)	10/29/2003 2:43:06 PM
From: Elroy Jetson	Respond to of 306849

It's interesting to see how many most people assume real estate transactions are handled the same way in every state. While some Federal laws apply (primarily to lending), most of the applicable law is dictated by each state. You and I have previously compared Florida and California. I've always thought the Florida process is more similar to California than it is to other East Coast states. Perhaps because both states went through the same real estate booms beginning in the 1880's. Due to long standing custom, there are even significant differences between Northern and Southern California, even though the same laws apply. It was really fun seeing a California based firm like Cendant try to adapt their practices to a completely new transaction model involving auctions when they rolled out Century 21 in Australia.