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The main Business Meetings page includes important links for Directors and Committee Members.

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REALTOR® EXPO

CALIFORNIA REALTOR® EXPO, the state's largest real estate trade show.


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NAR meeting information and materials.


2017 WomanUP!™ Conference

A one-day Leadership Development Conference to identify tools, develop skills, and connect with other leaders.


License Renewal

Easily renew your real estate license with the FREE 45 hour online license renewal package from C.A.R.


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Prepare to earn your real estate license with our online courses


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Build and drive success for your real estate business with the training you need for continuous improvement


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Distinguish yourself by learning how to build a business that specializes in niche markets to nearly double your earning potential in various real estate sectors


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Browse our class schedule to find when and where to take real estate courses.


Course Catalog

Get the description you need to learn more about our many courses offered.  To find courses by career path, please visit our Career Path page.


NMLS/MLO CE Courses

Complete your eight-hour NMLS license renewal requirement through our NMLS-approved provider, OnlineEd


Thought Leadership

This program represents our ongoing commitment to enhancing the professionalism of all our members.


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Speeches & Presentations from C.A.R. Business Meetings and other Events


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From webinars to videos and podcasts to blogs, C.A.R. keeps you in the know.

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C.A.R. publishes eight magazine issues and various newsletters throughout the year.

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Webinars focusing on the critical issues that impact REALTORS®, their clients, and the real estate industry.

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For Your Clients

A one-stop shop for tools and and resources to educate consumers about the intricacies of buying and selling a home and how a REALTOR® can help.

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April Broker Insight



 

What We're Reading
Hillbilly Elegy: A Memoir of a Family and Culture in Crisis by J.D. Vance
From a former marine and Yale Law School graduate, a powerful account of growing up in a poor Rust Belt town that offers a broader, probing look at the struggles of America’s white working class

Hillbilly Elegy is a passionate and personal analysis of a culture in crisis—that of white working-class Americans. The decline of this group, a demographic of our country that has been slowly disintegrating over forty years, has been reported on with growing frequency and alarm, but has never before been written about as searingly from the inside. J. D. Vance tells the true story of what a social, regional, and class decline feels like when you were born with it hung around your neck.

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Current news & events
C.A.R.’s WomanUP! Conference

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June 8th 9:00am – 6:30pm
Identify. Develop. Connect. #WomanUP
This one-day event will help you identify tools and strategies to apply to your own businesses. Develop the skills to take your career to the next level. Connect with other amazing leaders in the California brokerage community.

A full day devoted to giving powerful women bold tools to take their career to the next level.  Register here.

Don’t miss seeing Joel and Joel in Sacramento!
As an Industry Leader, you won’t want to miss the opportunity to hear C.A.R. CEO Joel Singer address how demographics, migration, and government policies are impacting the California housing marketplace during “Building the Walls – Homeownership, Demographics, and the Outlook for California’s RE Business”. On Thursday, May 4, Singer will take the stage in Sacramento at the Mid-Year Lunch to discuss how out-migration, rising rent prices, and the penalties of selling, trading, and moving out of state are affecting your real estate business. Register now and take advantage of early-bird pricing!
 
While in Sacramento, join us on Tuesday, May 2, for “California’s Fading Dream: Can the American Dream be Restored for the Next Generation of Homeowners?” presented by Joel Kotkin, RC Hobbs Presidential Fellow in Urban Futures, Chapman University from 3:30 p.m. to 5 p.m.  Kotkin will take an in-depth look at the economic challenges the millennial generation is facing with respect to housing and the long-term implications for employers and communities. A compelling dialogue with C.A.R. CEO Joel Singer will follow the presentation. This is the second event in the California Series, hosted by C.A.R.'s Center for California Real Estate (CCRE) and is free to attend.

Housing Affordability Fund has a New Statewide Program!
C.A.R.’s Housing Affordability Fund is dedicating a million dollars for its new statewide program, Homeowners Association Grant Program.  This program will provide qualified first-time California homebuyers up to six months of HOA dues, not to exceed $2,500.  For more information, please visit, Homeowners Association Grant Program.

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The tools you need. Support you want. The new car.org.

Rising Star Awards
The Rising Star Awards are designed to work with the brokerage community to recognize their up-and-coming agents. The Rising Star awards will highlight the elite, new talent entering the industry and help boost their growing careers while promoting both the REALTOR® and the firm. C.A.R. welcomes new and ambitious members making waves in the industry who represent the next generation of leading agents.

Rising Stars and their firms will receive recognition from the President and CEO of C.A.R. as well as honored at the 2017 California REALTOR® EXPO during the annual Broker Conference and Young Professional Network’s EVOLVE Conference.

Nominate your Rising Star here!

Latest Market Statistics
Existing Single-Family Home Sales
increased 4.9 percent year-to-year in February to a seasonally adjusted rate of 400,500 on an annualized basis.

Median Price of an existing single-family home increased 7.6 percent in February 2017 to $478,790 compared with February 2016 and a 2.2 percent decrease from January 2017.

Unsold Inventory Index in February was 4.0 months, down 13.1 percent from a year ago and well below the long-run average of about 7 months.

Click here to view the slides for these stats

Mortgage Trends Update
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Source: Fannie Mae

Housing Affordability Index
More information

Latest Releases
February 2017 Monthly Sales & Price Report
February 2017 Pending and Distressed Sales Report
4th Quarter 2016 Housing Affordability Index 

County Market Updates
This all- in- one page is your county’s housing trends at a glance. It includes market statistics such as sales, median prices, inventory indicators, and so much more! Use this information to establish yourself as the market expert with hard facts to explain market conditions to your clients.

Download updates

C.A.R. housing market presentations 
C.A.R.’s Research and Economics team are available to visit your firm as a part  of C.A.R.’s outreach program this year. We schedule in-person presentations for groups of 100 or more. If you cannot meet that  minimum, hold a joint event with other real estate offices, OR conduct a C.A.R.-hosted webinar for your agents.  Please contact Paula Green paulag@car.org or (213) 739-8337 regarding available dates/times for outreach events. See below for the latest outreach presentations.  Download the latest housing market and survey infographics. Share these with your colleagues and clients.

West San Gabriel AOR Broker Symposium, April 5   PPT   PDF
Laguna Board of Realtors, April 4
PPT   PDF
Tri Counties AOR, March 30   PPT  PDF
Rancho Southeast AOR, March 28
PPT  PDF

 
Product spotlight
Helping your agents scale to long term success.
As a broker you know the key components to the individual success of your agents is relationships and scalable process. It's the small details each day that add up to long term gains in your businesses. And as a top-producing broker you need to counsel your agents on being properly prepared for when business happens.

Research shows that most agents are able to process 1 or 2 transactions per month before details start falling through the cracks. The Realvolve CRM/Workflow Platform fills those cracks. Not only does it keep agents organized and focused on relationships - it's the most robust workflow platform in the industry that allows agents to build scalable processes so they're no longer limited to a couple of transactions at one time. It's like a digital assistant working 24/7. Additionally, Realvolve recently announced the release of its native iPhone App so your agents are always connected to their contacts. Try it for free.

Join us on Wednesday, April 26th at 10 a.m. to learn an easy five step process for building a healthy and thriving real estate business. We’ll show you how investing one hour a week is worth a lifetime of long-term success. Register here


Legal Update  
Free C.A.R. Legal Tools
C.A.R. Legal Tools is your new resource for quick and easy information on key legal issues. Updated monthly, these tools include office presentation materials, videos and brochures for agents and clients, along with other easy and engaging material.

Share them at your office meetings and with your agents or clients to help them better understand and spot common real estate legal issues. Topics to date include: California Water-Conserving Plumbing Fixtures Law, Negotiating Repairs and Cybercrime in the Real Estate Industry. Upcoming topics include: Referral Fees and Chain Transactions.

Please visit the
Legal Tools section for new C.A.R. Legal Tools each month.

FinCEN Geographic Targeting Orders Extended
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently announced the renewal of existing
Geographic Targeting Orders (GTOs) that temporarily require U.S. title insurance companies to identify the natural persons behind shell companies used to pay “all cash” for high-end residential real estate in six major metropolitan areas throughout the country.  
For California, the GTOs renewed beginning February 27, 2017 and extending for 180 days apply to properties sold for $2,000,000 or more in the following counties: Los Angeles, San Francisco, San Mateo, Santa Clara, and San Diego.

Appellate Court Sides with Landlord in Two Cases in San Francisco 
Relocation Payment Formula Established by San Francisco Rent Ordinance Preempted by the Ellis Act - In the first case,
Coyne v. City and County of San Francisco , filed March 21, 2017 the Appellate Court had to decide whether a city requirement that a landlord going out of business pursuant to the California Ellis Act must pay the tenant future rent and relocation expenses based on a rent differential formula.  Under San Francisco’s rent control ordinances, when a landlord elects under the Ellis act to go out of the residential rental business and terminate a tenancy, a tenant is entitled to either an increased relocation payment set as “the difference between the tenant’s current rent and the prevailing rent for a comparable apartment in San Francisco over a two-year period,” or the current per person relocation payment, whichever is greater. The rent differential ordinance caps the total payout at $50,000, and requires tenant to submit to their landlord a statement certifying that the relocation payment would be used solely for “relocation costs.”

Property owners who are aggrieved may seek relief from the San Francisco rent board if the relocation payments would cause them “financial hardship.” However, they may be asked to present evidence of their income and other assets (but excluding retirement accounts and non-liquid personal property). They are further entitled to dispute the city’s assessment of fair market rents. 

The Court, in siding with the landlords, stated that relocation payouts based on the rental payment differential imposes a “prohibitive price” on the landlord’s exiting the residential rental business. In applying this standard, the Court stated that the Ellis Act contains no requirement that obliges a landlord pay their former tenants future rental subsidies so that they can leave the residential rental business. And further, in the Court’s harshest language, they saw the payment as a “form of ransom which interferes with and places an undue burden on landlords who seek simply to go out of business.” Although the Court stated that the owner’s decision to withdraw from rental market cannot be frustrated by burdensome monetary exactions to fund the city’s policy goals, the Court declined to state whether any particular payment threshold imposed a prohibitive price. Neither did the Court decide whether the city’s relocation payment formula was an unconstitutional takings or constitutionally illegal as a violation of due process or privacy.

Minor Child of Tenant Not Entitled to Proportionate Share of Relocation Payment Made to Tenants
In this case,
Danger Panda LLC v. Launiu , filed April 4, 2017, the Appellate Court had to decide whether a landlord could lawfully evict a tenant who refused to leave the premises after being given proper notice and receiving the maximum relocation payment permitted under the existing law when the case was filed.  The persons occupying the unit were a grandmother, her adult son, his wife and the couple’s child.  The landlord gave proper notice under the Ellis Act to remove the property from the residential rental market and paid, as required, half the total relocation fee in equal shares to the grandmother, the son and his wife.  The other half of the relocation payment was due when the tenant vacated the premises.  Because of the grandmother’s age, she received additional compensation and the tenants were given additional time to vacate.  When it came time for the tenants to leave, they refused to do so.  The landlord then sued to evict them.  The tenants filed their own motion to dismiss the suit because the landlord failed to pay the child.    The trial court agreed with the tenants and the Appellate Division of the Superior Court agreed.  The Court of Appeal accepted jurisdiction and, siding with the landlord, reversed. 

Under the San Francisco rent ordinance relocation payments were only due to tenants.  The tenants argued that the child was a lawful occupant and therefore entitled to a prorate share of the relocation payments.  The Appellate Court determined that there is a distinction under the Rent Ordinance between tenant and occupant, and a minor child who has no obligation to pay rent is not considered a tenant and therefore not entitled to relocation fees.  It is interesting to speculate on why the tenants made this argument. Since the maximum relocation fee was being paid anyway, the only issue in dispute was whether the payment would be split three ways (between the adults) or four ways (among all occupants, the three adults and one child).  If the Appellate Court  sided with the tenants, then the grandmother would have received $650 fewer dollars upon leaving the premises than was the case (the difference between a 1/3 share of the total relocation payment and a 25% share of the same payment). Were the son and daughter-in-law so anxious to deprive the grandmother out of $650 that they pursued this case?  Or, maybe if the landlord split the payments four ways the grandmother would have sought to stop the eviction arguing that she did not receive her proper share.  The total relocation fee paid by the landlord remains the same.  So, is this case really about the money and principle or just a delay tactic?
   

Legislative Update
 AB 71 (Chiu), a mortgage interest deduction elimination bill opposed by C.A.R., passed out of the Assembly Housing and Community Development Committee. This bill would, among other things, eliminate the state tax deduction for mortgage interest on second homes and direct these new tax revenues to an existing program that finances low-income housing construction through tax credits. C.A.R. will oppose AB 71 until it is amended to remove the provision that would eliminate the mortgage interest deduction for second homes.

AB 199 (Chu), a public works bill, was amended to address C.A.R.’s concerns. Existing law permits state and local governments to impose prevailing wage in circumstances where the developer applies for, and receives, grants or other public fund contributions from state or local government for construction. AB 199 removes an obsolete provision (i.e., reference to redevelopment) and instead exempts projects built on private property unless built pursuant to an agreement with state or local government. C.A.R. obtained clarifying amendments to ensure that prevailing wage does not apply to new construction or home renovations or privately financed residential projects, which may receive a minimal amount of public funding to build. With these amendments, C.A.R. is now neutral.

AB 690 (Quirk-Silva), C.A.R.’s Homeowners Association (HOA) management company disclosure bill, passed out of the Assembly Housing and Community Development Committee. AB 690, among other things, requires HOAs to deliver, within the annual budget report, an itemized estimate of fees that may be charged by a professional management company for documents necessary to facilitate a real estate transaction. The bill also clarifies that sellers may request to purchase some or all of these documents, but shall not be required to purchase ALL of the documents listed on this form. Management companies will also be required to disclose any conflicts of interest when initiating a management contract or presenting bids for service to the HOA board. C.A.R. is sponsoring AB 690 to help unit owners prepare for costs associated with the transfer of real property and to ensure that the board of directors has the tools necessary to make informed decisions regarding proposed service providers.

AB 1139 (Reyes), C.A.R.’s private transfer fee disclosure update bill, passed off the Assembly Floor. Private Transfer Fees (PTFs) are fees imposed by a seller requiring the buyer and any subsequent purchaser to pay a fee upon the transfer. In 2012, the Federal Housing Finance Agency (FHFA) adopted a rule for Fannie Mae and Freddie Mac backed mortgages requiring that the funds generated by any PTF provide a “direct benefit” to the encumbered property (PTFs established prior to the date of the rule are “grandfathered”). Federal law now requires the Federal Housing Administration (FHA) to adopt the same rule regarding PTFs. Current California law on PTF disclosures only provides the “particulars” of the fee (i.e., amount, fee recipient, etc.). This C.A.R.-sponsored bill updates the PTF disclosure law to inform homebuyers of the FHA and FHFA regulations relating to PTFs and how those regulations may impact the ability to obtain financing.

AB 1333 (Dababneh), C.A.R.’s property owner notification bill, passed out of the Assembly Elections and Redistricting Committee. Under current law, resident property owners receive notice of proposed taxes and bonds with receipt of their ballot pamphlet while non-resident property owners do not receive any notice whatsoever. This C.A.R.-sponsored bill requires a city, county or special district (e.g., hospital district) to provide notice to all property owners within 7 days of a proposed tax or bond qualifying for the ballot.

AB 1505 (Bloom, Chiu and Gloria), a rent control bill opposed by C.A.R., passed out of the Assembly Local Government Committee. Under the 1995 C.A.R.-sponsored Costa-Hawkins Act, new construction is exempt from rent control. AB 1505 effectively repeals the new construction exemption for rental housing by allowing local governments to impose inclusionary zoning (i.e., rent control) on newly constructed rental housing as a condition of development. This would permit local governments to require residential developments contain an unspecified percentage of rent controlled units, without any consideration for the viability of the project. C.A.R. opposes AB 1505: it discourages the creation of NEW rental housing and exacerbates the housing affordability crisis in California.

AB 1506 (Bloom, Bonta and Chiu), a repeal of the Costa-Hawkins Act opposed by C.A.R., will not move forward this year. In 1995, C.A.R. successfully sponsored with others AB 1164, also known as the Costa-Hawkins Rental Housing Act, which created limits on local rent control ordinances by requiring vacancy de-control/re-control and exempting single-family property and new construction from local rent control. C.A.R. opposes AB 1506, which would repeal the Costa-Hawkins Act. Facing strong opposition, the authors have withdrawn AB 1506 from consideration for 2017, making the measure a two-year bill.

SB 173 (Dodd), C.A.R.’s CalBRE “department” status restoration bill, passed out of the Senate Governmental Organization Committee. In 2012, the Brown Administration made changes to the state's organizational structure in an effort to streamline government practices. These changes included moving the Department of Real Estate to the Business, Consumer Services, and Housing Agency (BCSH) to function under the Department of Consumer Affairs as a Bureau. This C.A.R.-sponsored bill returns CalBRE to its standing as the Department of Real Estate within BCSH.

SB 348 (Leyva), C.A.R.’s ballot pamphlet notification bill, passed out of the Senate Elections and Constitutional Amendments Committee. Current law allows taxpayers to challenge new taxes typically within 60 days of approval by voters. However, most taxpayers are unaware of the time restrictions imposed on their ability to challenge new taxes. This C.A.R.-sponsored bill requires the ballot pamphlet notify voters that new taxes can only be challenged within 60 days of voter approval.



For more information regarding Industry & Broker Relations, please contact Sara Sutachan at
(213) 739-8224 or saras@car.org

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