Hyatt Grand Champions
8 a.m. - 11:30 a.m.
Thursday Feb. 4, 2010
Indian Wells, 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 Anderson Fitzgerald, Chair
David Barca, Vice Chair

Issues Chairs:
Liability and Risk Management - Timothy Brigham
License - Erik Weichelt
Transactions - Lisa Muetterties

Executive Committee Liaisons:
Annette Graw
Kevin Brown

NAR Representative -

Staff Coordinator: Stan Wieg


I. Welcome and Opening Remarks - Liz Fitzgerald, Chair

II. Review of the Reorganized Policy Committee Structure - Committee Issue Area Missions

III. Political and Regulatory Overview
a. Member mobilization - DeAnn Kerr
b. State Budget and ballot propositions
c. Considerations in sponsoring legislation*

IV. Selected 2010 C.A.R. Sponsored Legislation
a. Local Property Maintenance Ordinances
b. Anti-Deficiency Protections in Refinanced Mortgages
c. Appraisal Management Company (AMC) Regulatory Oversight
d. DRE "Poison Pill"
e. Advance Fee Definition Clarification

V. Liability and Risk Management - Timothy Brigham, Issue Chair
a. AB 260 (Lieu) Loan brokerage; one-sided attorney fees
b. Formaldehyde and Prop. 65 posting
c. SB 318 (Calderon) dog fighting forfeitures
d. AB 1118 (Hayashi) Home inspector licensure

VI. License Issues - Erik Weichelt, Issue Chair
a. License numbers on first contact materials.
b. AB 33 (Nava) Super-Department of Financial Services regulatory consolidation
c. Mortgage loan originator license and registration requirements
d. "DRE: Opportunities to Improve Consumer Protection"

1. DRE increased fines and penalties*
2. DRE cost of prosecution recovery*
3. DRE changing 4-year license to 2-year license*

e. SB 498 (Maldonado) license disqualification for sex offenders
f. License Examination project - update report
g. Electronic examinations

VII. Transaction Issues - Lisa Muetterties, Issue Chair
a. Point of Sale issues

1. SB 407 (Padilla), Toilet retrofit
2. SB 183 (Lowenthal), disclosures and carbon monoxide detectors
3. AB 758 (Skinner), comprehensive home energy conservation program
4. HR 2454 (Waxman), federal mandate for energy rating disclosure

b. HVCC (Home Valuation Code of Conduct) Update
c. HAMP (Home Affordable Foreclosure Alternatives) and HAMP (Home Affordable Modification Program) Update
d. 957 (Galgiani) "buyer's choice" in escrow

VIII. Other

IX. Adjournment