8:00 a.m. - 11:20 a.m., Thursday May 3, 2012
Room 311/312/313
Sacramento 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:
Greg Galli, Chair
Virginia Butler, Vice Chair
Issues Chairs:
John Schulte, Risk Management and Liability
Clay Sigg, Transaction
Larry Black, Real Estate Finance
Michael Tessaro, License and Regulatory
Liaisons:
Mel Wilson, Executive Committee
Bill Brown, NAR representative
Staff:
Stan Wieg
Matt Roberts
I. Introductions and Welcome - Greg Galli, Chair
II. Political and Legislative Update
A. State budget developments
B. Member mobilization and Legislative Day - DeAnn Kerr
C. Attorney General Anti-Foreclosure bill package
III. Sponsored Bill Update
A. AB 1590 (Campos) Assessment Appeals Boards
B. AB 1711 (Galgiani) Burdensome Retrofit Standards
C. AB 1718 (Hill) Degree Brokers
D. AB 1745 (Torres) Dual Tracking
E. AB 2225 (Perea) Debt Forgiveness Income Tax
IV. Risk Management and Liability - John Schulte, Issue Chair
A. AB 1763/ SB 1474 – Attorney General sponsored special grand jury; statewide anti-fraud program
B. AB 1950 – Attorney General sponsored real estate fraud fees, NOD recording fee increase
C. AB 1954, Nestande; Class action solicitation disclosure
D. AB 2314/ SB 1472, Attorney General sponsored blight reduction fines increase
E. AB 2257, Achadjian; Disclosure of landfill proximity
F. AB 2517, Eng; labor dispute liens
G. Short Sale Addendums - lender negotiations
H. Other
V. Transaction - Clay Sigg, Issue Chair
A. SB 1394, Lowenthal; smoke detectors
B. AB 2610 / SB 1473 Tenants rights in REOs – Attorney General sponsored bill; codifying federal-style tenant protections in REO properties
C. AB 1511, Bradford – NHD company disclosure of pipeline map
D. Federal update
- Dual Track (see also AB 1602 and AB 1745)
- Short Sale legislation
- HR 1498, Rooney
- HR 3164, Speier, Honda
E. Other
VI. Real Estate Finance - Larry Black, Issue Chair
A. Proposed Legislation to statutorily change variable interest rate loans* Bay East A.O.R. resolution
B. The Silicon Valley Association of REALTORS
® request that C.A.R. study potential legislation resolutions to resolve eviction and loan timing issues for homes subject to local just cause eviction restrictions.
C. SB 1284, Lieu; employment verification via EDD database
D. AB 1602, Eng / SB 1470 Leno, Attorney General sponsored “super” pre-foreclosure restrictions; super dual track, private causes of action, state office of homeowner protection
E. AB 2425, Mitchell / SB 1471, DeSaulnier; Foreclosure process - Nevada style process, “Robosigning” prohibitions, required recordings of each note transfer
F. AB 1599, Feuer; Translated Foreclosure Notice
G. AB 2476, Veterans Committee; Extension of interest rate cap on service members' loans
H. Federal Issues Update
- REO Pilot project by GSEs
- PTF (Private Transfer Fees)
- GSE reform legislation
- FHA Update
- Premium increases
- Seller concessions
- Attorneys General settlement
- NFIP (flood insurance)
- NAR Real Property Valuation Principles
- QRM (Qualified Residential Mortgage)
- GSE (Fannie/Freddie) Guarantee Fee increase
I. Other
VII. License and Regulatory - Michael Tessaro, Issue Chair
A. AB 2519, Berryhill; Brokers' experience equivalency for appraiser license; codifying federal limitations
B. Governor’s Reorganization Plan
C. DRE Update; Bill Moran, Acting Chief Deputy
D. Regulatory agency updates:
- Treasurer; California Alternative Energy and Advanced Transportation Financing Authority (CAETFA): Implementation of AB 14x (Saldana, 2011) California’s Clean Energy Upgrade Financing Program -EMERGENCY REGULATIONS.
- CEC; Nonresidential Building Energy Use Disclosure Program: Implementation of AB 1103 (Saldana, 2007).
- PUC; 2013-2014 Energy Efficiency Portfolios and 2012 Marketing, Education and Outreach: Rulemaking Proceeding R. 09-11-014: On-Bill Financing Workshop.
E. Other
VIII. Other
IX. Adjournment
