California – $75.00 Fee on Real Estate Transaction Documents Starting January 1

California – $75.00 Fee on Real Estate Transaction Documents Starting January 1

October 4, 2017

Senate Bill 2 signed by the governor and effective September 29 establishes the Building Homes and Jobs Trust Fund as a permanent funding source for affordable housing through a $75.00 fee on real estate transaction documents starting January 1, 2018.  The fee is capped at $225.00 per transaction and exempts real estate sales.