I just discoverd this sight, so I hope you don't mind if I chime in. I have two Honda 750's, a DOHC 81 model and a 74 CB 750 K4. Had to take care of the same problem on both of them. Happens all the time. I think all of my bikes were that way at one time or another. Pull the brake caliper off. Leave the bleeder screw in until you get the piston out. If the piston will not come out, use some compressed air, but be careful it will fly out with a lot of force. Inside you will find an o-ring. The problem is that under this o-ring corrosion has built up and will not allow the -iston to return. You can buy a new kit which will include o-ring, seal, and piston. Or you can very carefully remove the o-ring and clean the recess of goop and reuse the o-ring. If you are careful and lucky, you can do this without buying any parts, but you will need some brake fluid. It is not really a difficult task, so go ahead and give it a try.