Environmentalists and builders are uncommon bedfellows, particularly in the political arena. But a fledgling financing mechanism, which can be used by builders to raise money for a variety of purposes when a property changes hands, has made fast friends of frequent foes while breaking some traditional alliances.

Proposed legislation in California related to these new fees — which are collected when a home is sold and are typically based on a percentage of the selling price — has pitted Realtors against builders and environmentalists.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top