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

C. Questions

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.

D. Questions

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

C. DRE discipline option (citation and fine)*

D. Mortgage Loan Originator endorsement

E. Other DRE issues

F. Questions

VIII. Introduction of 2011 Committee Leadership

IX. Adjournment