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Model MLS Rules/Materials

California Model MLS Rules, Issues Briefing Papers, and other articles and materials related to MLS policy.


Code of Ethics Violators

Summaries and photos of California REALTORS® who violated the Code of Ethics and were disciplined with a fine, letter of reprimand, suspension, or expulsion.


Statewide MLS Initiative

An explanation of C.A.R.'s position on MLS consolidations in general and a statewide MLS in particular.


NAR Code of Ethics

The most recent edition of the Code of Ethics and Standards of Practice of the National Association of REALTORS®.


Professional Standards Materials

The California Professional Standards Reference Manual, Local Association Forms, Interboard Arbitration Rules, and other materials related to Code of Ethics enforcement and arbitration.


Housing Market Forecast

Following modest gains in home sales in 2016, California’s housing market will post a nominal increase in 2017.


Housing Matters Podcast

The all-new Housing Matters Podcast is your housing hub for market analysis, economic trends, and housing news.


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Interactive Market Stats

Gain insights on California's housing market through interactive dashboards. Select your metrics and see where the data takes you.


Speeches & Presentations

From outreaches to webinars, the Research and Economics team is sharing their insight on the market and the economy.


Surveys & Highlights

Californians are surveyed annually to gain insights on the housing market from their persepective.


Recent Laws

Summaries of legislation and regulation effecting REALTORS® and updates on news relevant to REALTORS®.

Legal News 2017 Laws 2016 Laws
Legislation

C.A.R. advocates for REALTOR® issues in Washington D.C., Sacramento and in city and county governments throughout California.

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CREPAC, LCRC, IMPAC and the RAF comprise C.A.R.'s political fundraising arm.

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Below you will find links to federal and state regulatory agencies including updates from the Department of Real Estate, the U.S. Department of Housing and Urban Development, U.S. ConsumerProduct Safety Commission as well as others.

FEDERAL AGENCIES

Consumer Financial Protection Bureau

TILA/RESPA Intergration Forms

  • For the Sample Loan Estimate form for a fixed rate loan, click here.
  • For the Sample Closing Disclosure form for a fixed rate loan, click here.
  • For the Sample blank seller’s Closing Disclosure form, click here.

Click here for the CFPB’s site for “TILA-RESPA Integrated Disclosure rule implementation.” This CFPB site contains a small business entity compliance guide; a guide to forms; a disclosure timeline; integrated loan disclosure forms & samples; a readiness guide; various videos explaining the integration rule; and the complete 1,888 page TILA-RESPA Integrated Disclosure rule.

Federal Housing Administration (FHA)*

What is the FHA?
The FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 34 million properties since its inceptionin 1934.

Federal Trade Commission (FTC)*

What is the FTC?
The FTC is an independent agency that reports to Congress on its actions.  When the FTC was created in 1914, its purpose was to prevent unfair methods of competition in commerce as part of the battle to "bust the trusts." Over the years, Congress passed additional laws giving the agency greater authority to police anticompetitive practices.  In 1938, Congress passed the Wheeler-Lea Amendment, which included a broad prohibition against unfair and deceptive acts or practices. Since then, the Commission also has been directed to administer a wide variety of other consumer protection laws, including the Telemarketing Sales Rule, the Pay-Per-Call Rule and the Equal Credit Opportunity Act.  In 1975, Congress passed the Magnuson-Moss Act, which gave the FTC the authority to adopt trade regulation rules that define unfair or deceptive acts in particular industries. The FTC's work is performed by the Bureaus of Consumer Protection, Competition and Economics. 

New FTC Rule Outlaws Advance Fees and False Claims Regarding Mortgage Relief Assistance word (DRE Article, Feb. 8, 2011)  

U. S. Department of Housing and Urban Development (HUD)*

What is HUD?
The Department of Housing and Urban Development Act of 1965 created HUD as a Cabinet-level agency of the U.S. government.  HUD's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. To fulfill this mission, HUD will embrace high standards of ethics, management and accountability and forge new partnerships--particularly with faith-based and community organizations--that leverage resources and improve HUD's ability to be effective on the community level.

Freddie Mac*

What is Freddie Mac?
"Freddie Mac" which is actually FHLMC, Federal Home Loan Mortgage Corporation,  is a stockholder-owned corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. Freddie Mac conducts its business primarily by buying mortgages from lenders, packaging the mortgages into securities and selling the securities (FRE) - guaranteed by Freddie Mac - to investors. Mortgage lenders use the proceeds from selling loans to Freddie Mac to fund new mortgages, constantly replenishing the pool of funds available for lending to homebuyers and apartment owners. (Note:  the federal government took over Freddie Mac pursuant to the Housing and Economic Recovery Act of 2008.)  

2015 Conforming Loan Limits*

Maximum Loan Limits for Counties Across the United States for 2015

Fannie Mae*

What is Fannie Mae? 
"Fannie Mae" which is actually FNMA, the Federal National Morgage Association,  is a private, shareholder-owned company that works to make sure mortgage money is available for people all across America.  It does not lend money directly to home buyers but it works with lenders. Fannie Mae stock (FNM) is actively traded on the New York Stock Exchange and other exchanges and is part of the Standard & Poor's 500 Composite Stock Price Index. (Note:  the federal government took over Fannie Mae pursuant to the Housing and Economic Recovery Act of 2008.) 

2015 Conforming Loan Limits*

Maximum Loan Limits for Counties Across the United States for 2015

Ginnie Mae*

What is Ginnie Mae?
"Ginnie Mae" which is actually GNMA, Government National Mortgage Association,  is a government agency within HUD created by Congress to ensure adequate funds exclusively for government loans insured by the Federal Housing Administration (FHA) and guaranteed by the Department of Veterans Affairs (VA) and Veterans Administration.

Under the Servicemembers' Civil Relief Act, mortgage lenders are required to charge a maximum of 6 percent interest for active duty military personnel. Ginnie Mae reimburses issuers for the interest shortfall under certain circumstances. 

U. S. Consumer Product Safety Commission (CPSC)

What is the CPSC? 
The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of serious injury or death from more than 15,000 types of consumer products under the agency's jurisdiction.   Some of these products are real estate related and impact homeowners.    

CALIFORNIA AGENCIES

California Bureau of Real Estate (CalBRE)*

What is the CalBRE?
The CalBRE is the California agency that regulates real estate licensees.  

CalBRE Real Estate Bulletins*

CalBRE Mortgage Loan Bulletins*      

All CalBRE Forms*   

CalBRE Summary of Enforcement Actions

CalBRE’s Monthly Disciplinary Actions Reports: http://www.dre.ca.gov/Licensees/EnforcementActions.html

The CalBRE is a licensing and regulatory agency empowered to seek disciplinary action through the State Office of Administrative Hearings against licensees who violate specific sections of the State Business and Professions Code.  The DRE is also empowered to file orders to desist and refrain against licensed and unlicensed individuals and entities.  Enclosed is a listing of the disciplinary action initiated against real estate licensees and a listing of the filed orders to desist and refrain from unlawful activities.

California Department of Business Oversight (DBO)*

What is the DBO?
The DBO is California's Investment and Financing Authority, and has exclusive authority to bring both civil and administrative actions under the laws subject to the jurisdiction of the DOC. The DOC licenses and regulates a variety of businesses including securities brokers and dealers, investment advisers and financial planners, and certain fiduciaries and lenders. The DOC also regulates the offer and sales of securities, franchises and off-exchange commodities.

California Finance Lenders Law*

California Residential Mortgage Lending Act*

Escrow Law*  

California Department of Housing and Community Development (HCD)*

What is the HCD?
The HCD provides leadership, policies and programs to preserve and expand safe and affordable housing opportunities and promote strong communities for all Californians through various programs such as the occupational licensing program, mobilehome registration and titling, factory-built housing program, and state housing program.  

California Bureau of Real Estate Appraisers (BREA)*

What is BREA?
In 1989, Title XI of the federal Financial Institutions Reform, Recovery and Enforcement Act was adopted by congress mandating states to license and certify real estate appraisers who appraise property for federally related transactions.  The federal law was enacted as a result of the savings and loan disaster. In response to the federal mandate, the Real Estate Appraisers Licensing and Certification Law was enacted by the California Legislature in 1990. OREA was established within the Business, Transportation and Housing Agency, and charged with developing and implementing a real estate appraiser licensing and certification program compliant with the federal mandate. To date, OREA has received over 25,000 applications and has licensed over 18,000 real estate appraisers.  OREA, which is entirely funded by licensing fees, is a single program comprised of two core components, licensing and enforcement.  

For any questions regarding this Web page, please contact the Legal Editor, Neil D. Kalin, Esq. Please be sure to include your full name, office, and your member number in your e-mail.

* DISCLAIMER: The California Association of REALTORS® uses links to other websites in an effort to assist users in locating information on topics that might be of interestto them. The links to these websites are provided as a courtesy to our members. These links are NOT maintained by C.A.R. and C.A.R. cannot be responsible for their information content or their maintenance. Furthermore, linking to a Web site does not constitute an endorsement by C.A.R. or any of its employees of the sponsors of the Web site or the products presented on the Web site.

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