Marriott Hotel 8 a.m. - 11:30 a.m. Thursday October 7, 2010 Anaheim, California Mission statement:The Committee is a Policy committee. Its mission is to develop C.A.R.'s overall policy agenda as it relates to the practice of real estate. It has original jurisdiction to evaluate transactional issues, legislation and regulation in the following issues areas: Licensure Liability and Risk Management Transactional
Presiding: Liz Claus, Chair David Barca, Vice Chair
Issues Chairs: Liability and Risk Management - Timothy Brigham License - Erik Weichelt Transactions - Lisa Muetterties
Executive Committee Liaisons: Annette Graw
Staff Coordinator: Stan Wieg
I. Welcome and Opening Remarks - Liz Claus, Chair
II. Political and Regulatory Overview A. Member mobilization - DeAnn Kerr B. State Budget and pending election issues C. "Real world" examples D. Considerations in sponsoring legislation E. Questions
III. Liability Issues and Bills of others - Tim Brigham A. Bills of Others 1. AB 2654 (Hill) and AB 898 (Lieu) Private solicitations pretending to be official documents. 2. SB 401 (Wolk); SB 14 of the 6th Extraordinary Session (Correa/Calderon); AB 1779 (Niello) Taxation of "phantom income" in short sales. 3. SB 931 (Ducheny) Short sales and anti-deficiency. 4. AB 2257 (formerly AB 33, Nava) Financial services super department. 5. AB 2317 (Saldana) Nuisance Abatement Fees. 6. AB 1720 (Galgiani) "Buyers choice act" disclosure form. 7. AB 2640 (Arambula) and SB 1316 (Romero) IRC 1031 exchanges. 8. AB 2678 (Fuentes) Prohibits Notice of Sale during pending loan modification negotiations 9. AB 1809 (Smyth) HERS inspections by home inspectors. 10. SB 878 (Liu) Postcard notice of recordation of Notice of Sale (NOD). 11. AB 1949 (Logue) 5-year sunset on regulations.
B. Other Liability Issues
IV. 2010 C.A.R. Sponsored Legislation A. On the Governor's desk (must be signed or vetoed by September 30): 1. SB 1178 (Corbett) Anti-deficiency for refinanced purchase money debt. 2. SB 1427 (Price) Local vacant property ordinances. 3. AB 1927 (Knight) HOA right to rent.
B. Previously signed - AB 1762 (Hayashi) Advance fee clarification.
C. Other sponsored bills: 1. SB 206 (Dutton) $8000 homebuyer tax credit. 2. SB 1123 (Negrete McLeod) DRE reserves "poison pill." 3. AB 1796 (Hall) AMCs in OREA. 4. SB 1000 (Correa) Portable appraisals.
V. Ballot Propositions*
VI. Transaction Issues - Lisa Muetterties A. Sidewalk Repair Requirements B. Broker Price Opinions* C. First Look Program (Issues Briefing Paper) D. Prompt Decision for Qualification of Short Sale Act E. Other Transaction Issues F. Questions
VII. Department of Real Estate Issues - Erik Weichelt A. Broker Supervision Task Force Report* 1. Designated office manager proposed registration* 2. "Benefit of the Doubt" regulation
B. Regulation Update - September 29 regulatory hearing