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You are here: Home / Danny Murphy and Associates / 2015 California Real Estate Laws: Purchase price is no longer a secret

2015 California Real Estate Laws: Purchase price is no longer a secret

December 30, 2014

This post is part of a series about new 2015 California Real Estate laws. Click here to see the series. 

California Real Estate Laws for 2015

California Real Estate Laws: Documentary Transfer Tax – Purchase price is no longer a secret

This law repeals the right of a principal buyer to request that the transfer tax be shown on a separate document, thus shielding it from public view.  Previously, a seller or buyer of real property could demand from the county that the documentary transfer tax (DTT) be stated apart from the recorded document.  This enabled principals to effectively keep the purchase pric

e secret, since the amount of the transfer tax can be reliably used to deduce the purchase price.  Celebrities and high profile officers of public companies frequently hid their real estate purchase prices for security reasons. Now every document subject to DTT when it is submitted for recordation must show on its face the amount of the tax due.  See Revenue and Taxation Code §§11932 and 11933.

 Questions about this new law? We’re happy to help. Call Jade (949-246-2078) or Danny (949-413-6967), or email them for more information.

Filed Under: Danny Murphy and Associates, Real Estate Laws Tagged With: Real Estate Definitions, Real Estate Tips, Southern California Real Estate

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Danny Murphy & Associates

With more than 15 years of Southern California Real Estate experience, Danny is an expert in his field.

Looking to sell your home? Call Danny today to see how our industry leading marketing and exceptional negotiating skills can help you get more for your more.
(949) 413-6967
Danny@TheSoCalLife.com

dannyandassociates

Summer is upon us and this home is perfect to kick Summer is upon us and this home is perfect to kick off the season in. Not only is it one of the nicest single story pool homes in all
of Fountain Valley, it’s one of the nicest you will find in the surrounding cities as well. If you want a great entertainers home in a great neighborhood with amazing schools, then this is the home for you!
18814 Santa Mariana St in Fountain
Valley.
Come visit us during open house today
from 1-5:00 pm.
Listed for $1,299,888
You deserve this home!
Window treatments or a tree for privacy in the mas Window treatments or a tree for privacy in the master bathroom?

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Another Pool Home For Sale!!! This one YOU won’t Another Pool Home For Sale!!! This one YOU won’t wanna miss!! Come check it this weekend from 1-5PM on Sat. & Sun.!! 🏊‍♀️
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FOR SALE! 18814 Santa Mariana Street – Fountain FOR SALE!
18814 Santa Mariana Street – Fountain Valley, California + SINGLE STORY, ZEN STYLE POOL HOME IN HIGHLY DESIRABLE NEIGHBORHOOD WITH AWARD-WINNING SCHOOLS!

danny@thesocallife.com // 949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
FOR SALE // OPEN HOUSE 18814 Santa Mariana St, Fou FOR SALE // OPEN HOUSE
18814 Santa Mariana St, Fountain Valley 

Friday 6-2 from 10:30am-1:30pm
Saturday 6-3 from 1:00-5:00pm
Sunday 6-4 from 1:00-5:00pm 

Call for more info: 949.413.6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
JUST LISTED!! 18814 Santa Mariana St, Fountain Val JUST LISTED!!
18814 Santa Mariana St, Fountain Valley 
Single story, interior tract, zen style pool home with 3 bedrooms and 2 baths in highly desirable neighborhood with award-winning schools. 

OPEN HOUSE:
- Friday 6/2 from 10:30am-1:30pm
- Saturday 6/3 from 1:00-5:00pm
- Sunday 6/4 from 1:00-5:00pm 

Call for more info: 949.413.6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
This morning at the Newport Beach Chamber of Comme This morning at the Newport Beach Chamber of Commerce, 
Orange County Supervisor Katrina Foley outlining the business of the County, including how we are going to spend our $9.2 BILLION budget for FY23. Did you know this is the 5th largest budget in the country?  Lots of things happening here along the coast!
How do you like the design of this room? Comment b How do you like the design of this room? Comment below💬⬇️ #fypシ #reels #california
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Homes for Sale in Orange County:

Aliso Viejo
Anaheim
Costa Mesa
Fountain Valley
Huntington Beach
Irvine
Laguna Niguel
Lake Forest
Mission Viejo
Newport Beach
Orange
Orange County
Tustin
Villa Park
This information is based on information from the Association of Realtors/Multiple Listing as of the date the AOR/MLS data
was obtained and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.


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