CALIFORNIA ASSOCIATION OF REALTORS®
BOARD OF DIRECTORS
513^th SESSION
JUNE 10 - 11, 2005

The following is a summary of the significant action items approved by the CALIFORNIA ASSOCIATION OF REALTORS® Board of Directors at its June 2005 meeting.  Some additional information items are included, but do not necessarily represent Association policy.  A complete set of minutes is available for review upon request.  For more information please Contact Us.


Association Executives
1. That C.A.R. permit one annual registration for all three meetings, including hotel reservations, for all C.A.R. Directors and Association Executives to be registered by the local association, no later than November 1st for the following year, and that the Priority Guest policy be amended to give a next level of priority to C.A.R. Directors and Association Executives prior to general membership registration.

Business Practices Task Force
1. It was reported for information only that the Task Force most recently met in May and June.  Results of a member telephone survey andan AE web-based survey were analyzed and incorporated into the Task Force's evaluation of the current real estate marketplace.  The June meeting was a day-long working session facilitated by a nationally recognized consultant on integrity management programs for large organizations.  An Integrity Vision Statement was developed by the group to guide its work product.  The statement follows:

Encourage business practices that support the ability of REALTORS® to be successful independent entrepreneurs by creating an environment that supports fair and aggressive competition while serving the best interests of their client.

The workshop concluded with a Task Force commitment to focus on three key areas of the profession, as follows:
-Standards relating to the process of, and enforcement of, the Code of Ethics
-Professional Training
-Qualifications (DRE License, REALTOR® Membership)

C.A.R. Scholarship Foundation
1. That C.A.R. establish the California Association of REALTORS® Education Foundation and adopt the Bylaws, Articles of Incorporation, and Policies and Procedures as presented.
2. It was reported for information only that funds were awarded for scholarships totaling $14,000.

California REALTOR® EXPO Advisory
1. It was reported for information only that the California REALTOR® EXPO will be held September 20 - 22, 2005 in San Diego, California.

CREPAC Trustees
1. That the CREPAC Bylaws amendments be approved as noticed. (Click here for more information)

2. It was reported for information only that the CREPAC Nominating Committee met on Thursday, May 19, 2005 and selected the following individuals for CREPAC Trustee and CREPAC Alternate.  Per the Bylaws, the following slate is duly noticed for approval in October 2005.  Trustees serve for a three-year term.  Alternates may be selected to fill the remainder of a vacant term during the year.

NOMINEES FOR CREPAC TRUSTEE
(November 2005 - November 2008)
Marian Norris, Region 7
Richard Kato, Region 20
Steve Goddard, Region 21
Melanie Hildebrand, Region 25
Judy Zeigler, Region 28

NOMINEES FOR CREPAC ALTERNATE
(November 2005 - November 2006)
Anthony Agurs, Region 30
Candice Carpenter, Region 21
Paula Colombo, Region 3
Liz Anderson-Fitzgerald, Region 32
Mary Funk, Region 18
Dennis Mason, Region 2
Paul Stewart, AE, Region 19
Mike Teer Sr., Region 14
Irma Vargas, Region 17

Housing Affordability Fund
1. That C.A.R. allocate matching funds to the Housing Affordability Fund for the 2005 calendar year fundraising cycle, in an amount equal to the gross dollars raised by the HAF and not to exceed $500,000.
2. The Strategic Planning and Finance Committee approved the amended Mission Statement of the Housing Affordability Fund to now reflect the following:
The California Association of REALTORS® Housing Affordability Fund plays an active role in addressing the ongoing housing affordability crisis facing our state. The fund will raise and distribute funds and partner with other groups to promote housing and homeownership and address all housing opportunities locally and statewide.

Housing Opportunity
1. It was reported for information only that in order to increase the awareness and importance of housing at the state level, C.A.R. shall act as a catalyst to determine how this is best achieved, which may include holding the state's first housing conference. 

IMPAC Trustees
1. That the IMPAC Bylaws amendments be approved as noticed. (Click here for more information)

2. It was reported for information only that the IMPAC Trustees approved the following contributions at the June 8, 2005 meeting:
--The Community Renewal Project, to make C.A.R. a sponsor of the 2005 Community Renewal Summit, a one-day conference that provides practical instruction to individuals who desire to foster renewal of their local communities: $10,000
--The Reason Foundation, to produce a media and government outreach campaign targeting the negative consequences of "smart growth" regulations and illustrating the benefits of market based land use policies: $25,000
3. It was reported for information only that the IMPAC Nominating Committee met on Thursday, May 19, 2005 and selected the following individuals for IMPAC Trustee and IMPAC Alternate. Per the Bylaws, the following slate is duly noticed for approval in September 2005. Trustees serve for a three-year term. Alternates may be selected to fill the remainder of a vacant term during the year.

NOMINEES FOR IMPAC TRUSTEE
(November 2005 - November 2008)
Terry Wunderlich, Region 4
Sherry Tietjens, Region 12
Dennis Pantano, Region 25
Shirley Long, Region 32

NOMINEES FOR IMPAC ALTERNATE
(November 2005 - November 2006)
Heather Benson, Region 29
Richard Otterstrom, Region 17
Cheryl Mc Fall, Region 7
Pat Fredericks, Region 28
Carol Facciponti, Region 16
Georgia Richardson, Region 6
Richard Tegley, Region 14
James Irving, Region 31
Diane Smith, AE, Region 15

Legal Action Fund
1. It was reported for information only that the Legal Action Fund Trustees are monitoring the following significant legal cases and issues:
--Hemphill v. SANDICOR
--Freeman v. Lasky (Freeman III)
--Serra Canyon v. California Coastal Commission
--Strebel v. Brenlar Investments, Inc.
--Shrestha v. NRT, Inc.
--Reconveyance Fees
--Shaeffer v. Zagaris

Legislative
1. That C.A.R. propose to the Department of Real Estate that licensees be required to place their DRE number on contracts.
2. It was reported for information only that the C.A.R. Legislative Committee will create a Working Group to work in conjunction with the Department of Real Estate to develop an approach for identifying licensees.  

Membership
1. That the following applicants be granted C.A.R. Honorary Member-for-Life status:

Alameda AOR
Dorothy Franchi
Laura Landreth

Bay East AOR
Jean Easter
Peppy Mayer

Beverly Hills/Greater Los Angeles AOR
William Chin
Walter Hardwick

Citrus Valley AOR
Marge Sudore

Fresno AOR
Helen Smades

Glendale AOR
Norma K. Sherry

Humboldt AOR
Sue Baird

Montebello District BOR
Chris Gonzales
Nicolas Lopez

Monterey County AOR
Robert Covert
Bok Soon "Kim" Jones
Barbara Sprenger
Patricia Zielinski

Northern Solano County AOR
Bill Vest

Ojai Valley BOR
Marjorie G. Hatton

Orange County AOR
Richard A. Carlson

Pacific West AOR
Frances Simmons

Plumas AOR
Jerry V. Kehr

San Diego AOR
John A. Belanich
Dorothy J. Frels
James A. Jones, Sr.
Donald A. McGuiness
Jean Oakes
Marshall Raffelson

Santa Clara County AOR
Warren J. Edwards
Dale W. Stark
James E. Sweeters

Southland Regional AOR
Jack Kelekian
S. Jean Lieberman
Robert James Mc Donald
Lucille E. Newman
Orma Fay Renaud
Priscilla M. Walker

Sutter-Yuba AOR
Gordon T. Stromer

West San Gabriel Valley AOR
Hitose Suwa

MLS/ Computer & Business Technology
1. That the C.A.R. Model MLS Rules 12.16 and 12.16.1 be revised.  (Click here for more information)

N.A.R. Directors Forum
1. It was reported for information only that the California N.A.R. Directors conducted a vote to obtain an indication of support for a potential candidate for N.A.R. Treasurer from California, and the winner of that vote was Gary Thomas.

Nominating
1. That the following members be designated to serve as State Allocated NAR Directors, for a term beginning in November 2005 and ending in November 2008.
Tony Agurs
Robert J. Bailey
Allen Chiang 
Carolyn D'Agosta
Steve Goddard
Jim Hamilton 
Steve Hanleigh
Robert Kulick 
James Liptak
Beth Peerce
Jeanne Radsick
Richard Sax
Rick Violett
Judy Zeigler
Ziggy Zicarelli

Alternates For 2006:  (In Priority Order)
David Silver-Westrick
Steve White
Sandi Pfister
Raymond Karpe
Darrell Sparks
Maxine Jennings
John Maquar 

2. That the following be elected as Directors for Life:
John Cribb
Wendy Furth
Beth Peerce

3. That Joel Singer be elected Executive Vice President/State Secretary for the year 2006.
4. That James Liptak be elected Treasurer for the years 2006-2007.
5. That Colleen Badagliacco be elected President-Elect for the year 2006.
6. It was reported for information only that President-Elect Vince Malta will automatically become President for 2006.

Political Affairs
1. That C.A.R. change the name Political Survival to REALTOR® Action Fund with a tag-line of "Fighting for Our Profession." 

Property Management
1. That C.A.R. "OPPOSE UNLESS AMENDED" AB 769 (J. Horton), a bill authorizing local agencies to require a slumlord to completea course on property management and require the State Department of Consumer Affairs to post, on its website, the text of state laws relating to landlord and tenant law. The bill also requires landlords to provide written disclosure to tenants of the existence of that website. The amendment would delete the mandate on the Department of Consumer Affairs to post the state laws and the disclosure requirement that would be imposed on landlords.

Real Estate Finance
1. That C.A.R., consistent with its opposition to predatory lending practices "OPPOSE UNLESS AMENDED" AB 901, (Ridley-Thomas.)  The C.A.R. amendment will preserve the existing dollar threshold, and its accompanying inflation adjuster, in the definition of a covered loan.

Strategic Planning & Finance
1. That the Association's Audited Financial Statements as of December 31, 2004 be approved:
Total C.A.R.
Revenue of $24,781,700
Expenses of $21,063,900 (including federal income tax).
An excess of income over expenses of $3,717,800
Political Activities Fund
An excess of income over expenses of $612,100.
Issue Action Fund
An excess of income over expenses of $716,500. This amount will be allocated to IMPAC as approved by the Directors.
The C.A.R. Balance Sheet as of December 31, 2004
Total assets of $26,466,200 (of which $17,576,900 are current assets)
Total liabilities of $3,482,600 (of which $3,059,200 are current liabilities)
C.A.R. Fund Balance of $22,983,600.

2. That the Statementof Income and Expenses by program for the Four months ending April 30, 2005 be approved:
Total C.A.R.
Revenue of $19,548,100
Expenses of $ 6,813,100 (including federal income tax.)
An excess of income over expenses of $12,735,000
Political Activities Fund
An excess of income over expenses of $1,530,300
Issue Action Fund
An excess of income over expenses of $1,341,700
The C.A.R. Balance Sheet as of April 30, 2005
Total assets of $41,852,500 (of which $32,661,600 are current assets)
Total liabilities of $5,344,500 (of which $4,779,100 are current liabilities)
C.A.R. Fund Balance of $36,508,000.

3. That the Projected Statement of Income and Expenses by program for the year ending December 31, 2005 be approved.
Total C.A.R.
Revenue of $26,199,300
Expenses of $23,624,000 (including federal income tax)
An excess of income over expenses of $2,575,300
Political Activities Fund
An excess of income over expenses of $799,900
Issue Action Fund
An excess of income over expenses of $867,400. This amount will be allocated to IMPAC as approved by the Directors.

4. That the roof of the Los Angeles Headquarters building be replaced at a cost not to exceed $330,000.
5. That elevator relays be installed in the two existing elevators at the Los Angeles Headquarters building at a cost not to exceed $70,000.  The relays will ensure that the two existing elevator cabs descend to the 1st floor and lock in place in the event of a fire.

Taxation
1. That C.A.R. "OPPOSE" SCA 8 (Simitian), a constitutional amendment to reduce the vote threshold required to approve parcel taxes for schools to 55%.