8:00 a.m. - 11:30 a.m.
Thursday September 22, 2011
San Jose Convention Center

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 issue areas:

Licensure
Liability and Risk Management
Real Estate Finance
Transactional

Each issue area is managed during the Committee's meeting by an Issue Chair, under the direction of a committee Chair and committee Vice-Chair.  The Committee has jurisdiction over issues that are potentially real estate related that do not fall into another committee's jurisdiction.  The Committee reports to the Legislative or Federal level of government committee(s), as appropriate, and to the Executive Committee and the Board of Directors. 

Presiding:
Steve Rosco, Chair
Tim Brigham, Vice Chair

Issues Chairs:
Roseanne Howard, Risk Management and Liability
Barbara Delgleize, Transaction
Virginia Butler, Real Estate Finance
Dennis Pantano, License and Regulatory

Liaisons:
Ruth Hayles, Executive Committee 
Jeff Barnett, NAR representative

I. Introductions and Welcome - Steve Rosco, Chair

II. Legislative Update
A. Overview of the C.A.R. policy formation process
B. Legislature and state budget developments
C. Member mobilization - DeAnn Kerr

III. Sponsored Legislation
A. SB 458 (Corbett) - Anti-Deficiency
B. SB 510 (Correa) - DRE manager proposal
C. AB 278 (Hill) - DRE Citation and Fine authority
D. AB 771 (Butler) - CID disclosure fee limitation
E. AB 392 (Alejo) - Brown Open Meeting Act reform. Held on Appropriations Suspense file
F. SB 837 (Blakeslee) - TDS tweak for water conservation
G. SB 150 (Correa) - CID right to rent
H. DRE Broker experience requirement - pending 2012 introduction

IV. Action Items
A. License and Regulatory - Dennis Pantano, Issue Chair  

B. Real Estate Finance - Virginia Butler, Issue Chair
1. State Bar Proposal: Anti-Deficiency in Refinanced Purchase Debt*

C.  Risk Management and Liability - Roseanne Howard, Issue Chair

D. Transactions - Barbara Delgleize, Issue Chair
1. PACE (Property Assisted Clean Energy) programs.*  HR 2599 (Thompson) -  direction to GSEs.
2. Defining "Cost Effective" for retrofit programs.*

V. Reporting Items

A. Distressed Property Task Force - Colleen Badaliacco, Chair

B. Survey Results: Interim Report Public Policy Reorganization*

C. License and Regulatory - Dennis Pantano, Issue Chair
1. DRE Commissioner
2. Bills of others

- SB 6 (Calderon) - Opinions of value
- SB 53 (Calderon) - DRE omnibus bill
- SB 706 (Price) - DRE oversight bill
- SB 376 (Fuller) - Manufactured home financing
- AB 22 (Mendoza) - Credit checks
- AB 406 (Davis)

D. Real Estate Finance - Virginia Butler, Issue Chair
1. Qualified Residential Mortgages (QRMs)*
2. GSE Reform
3. Government loan limits
4. SAFE Act seller financing rules
5. Mortgage Servicing Reform
6. FHA condo requirements
7. HARP GSE refinancing program - S 170 (Boxer); HR 363 (Cardoza) "no appraisal" refinances
8. Bills of others

- SB 729 (Leno) - Foreclosure procedure
- AB 1321 (Wieckowski) - Recording deeds of trust and MERS
- AB 407 (Davis)
- S. 637 (Feinstein/Boxer) - Earthquake Insurance Affordability Act

E.  Risk Management and Liability - Roseanne Howard, Issue Chair
1. MARS (Mortgage Assistance Relief Services) short sale rule
2. Bills of others

- SB 62 (Liu) - Expanded notice to owners of foreclosure actions against their property
- SB 221 (Simitian) - Small claims court $10,000 jurisdiction
- AB 37 (Huffman) - Smart meters
- AB 643 (Davis)

F. Transactions - Barbara Delgleize, Issue Chair
1. (Bass), FHA first time buyer counseling
2. Disposition of GSE owned REO in "bulk sales"
3. Lender outreach meetings.
4. Bills of others

- AB 935 (Blumenfield) - $20,000 foreclosure tax
- AB 645 (Davis)
- SB 653 (Steinberg) - Local tax authority

VI. Other Business

VII. Introduction of 2012 Committee Leadership

VIII. Adjournment