CALIFORNIA ASSOCIATION OF REALTORS®
BOARD OF DIRECTORS
517^th SESSION
OCTOBER 20 -- 21, 2006

The following is a summary of the significant action items approved by the CALIFORNIA ASSOCIATION OF REALTORS® Board of Directors at its October 2006 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.

Award Selection
1. To approve the selection of Lawrence Fargher, Santa Clara County, as the recipient of the 2006 California Distinguished REALTOR® Award, the highest recognition that C.A.R. can bestow on a member.

C.A.R. Scholarship Foundation/C.A.R. Education Foundation
1. It was reported for information only that the C.A.R. Scholarship Foundation awarded scholarships totaling $14,000.  The C.A.R. Education Foundation raised $3,725 from the booth in the California REALTOR® EXPO Exhibit Hall.  The Pacific Southwest Association of REALTORS® pledged $10,000 to the Education Foundation in memory of Truman Brooks.  Charles "Buck" Stapleton donated a check to the C.A.R. Scholarship Foundation in the amount of $500 to initiate the Charles "Buck" Stapleton Honorary Scholarship.

California REALTOR® EXPO Advisory
1. It was reported for information only that the CALIFORNIA REALTOR® EXPO 2006, "OCEAN OF OPPORTUNITIES," was a tremendous success.  Attendance for Tech Tuesday reached a new high at 1,800.  The Exhibit Hall included a record breaking 415 exhibit booths, and there were 21 generous sponsoring companies.  Overall attendance set an all time record at 13,000.

Consumer Services Task Force
1. That C.A.R. accept the report of the Consumer Services Task Force.

NOTE: The Consumer Services Task Force Report included the following recommendations for action:
--That the MLS/CBT Committee formulate rules to better implement disclosure of the type of representation being provided in connection with a listing.  Specifically, the new rule should:
 * Identify the type of listing(for example, open, entry only, limited services, etc.)
 * Identify the scope of services to be provided (in particular the services from the MLS rule definition that will NOT be provided)
 * Accurately disclose compensation
   > All relevant information should be in the listing, not buried in a footnote or referenced separate document or website.
   > MLS/CBT Committee should review code of ethics rules to avoid a conflict between prohibitions on re-negotiated compensation and seller negotiations pursuant to an open listing where an agent is authorized (permitted) to negotiate directly with a seller.
 * In addition, the rule should be:
   > Mandatory (apply to all listings)
   > Self-Executing (required as part of the upload process and not applied via after the fact analysis or discipline)
   > Cautionary (it should "raise a flag" and provide prominent warning of the type of servicesprovided to any member viewing the listing existing)

--That the Standard Forms Advisory Committee create a "Seller's Statutory Compliance and Disclosure" form that can be given to sellers, especially but not only, unrepresented sellers.  The form will advise the seller of:
 * All statutory requirements for disclosure or transaction documents that are required in order to close a transaction.  The Task Force suggests a checklist or "bullet" format. Examples include:
   > Transfer Disclosure Statement
   > Natural Hazard Disclosure Statement
   > HUD Lead Paint Disclosure
   > Smoke Detector/Water Heater Strapping
   > Seller's affidavit of non-foreign status
 * That the selling (buyer's) agent does not represent the seller; and include a Seller's Non-Agency form for signature and return.
 * That local or regional disclosure documents may be required and include an opportunity to list them.
 * That the contract also creates transaction specific documents that may add to the requirements
 * That the seller should consult his or her own REALTOR® or attorney

CREPAC Trustees
1. That the following Nominees for CREPAC Trustee and Alternate be elected:

NOMINEES FOR CREPAC TRUSTEE
(November 2006- November 2009)
Paula Colombo, Region 3
Nancy Gilmore, Region 23, AE
Nancy Hunt, Region 32
Dennis Mason, Region 2
Irma Vargas, Region 17

NOMINEES FOR CREPAC ALTERNATE
(November 2006 - November 2007)
Anthony Agurs, Region 30
Candice Carpenter, Region 21
Susan Davis, Region 12
Mary Funk, Region 18
Dorothy Jackson, Region 6
Joyce Kristensson, Region 13
Susan Marshall, Region 24
Susanna Schlendorf, Region 5
Tricia Thomas, Region 6

2. It was reported for information only that an additional $76,000 has been transferred from CREPAC/Federal to National RPAC bringing California to 110% of goal.
3. It was reported for information only that CREPAC has contributed to Republican and Democratic candidates for state office in the amount of $323,400.

Housing Opportunity
1. That C.A.R. "SPONSOR" a bill requiring local governments to disclose in writing the conflicts and inconsistencies with local law concerning applications for CUP's, zoning and building code variances, general and specific plan amendments and subdivision maps prior to a public hearing on the application. The disclosure shall also include the local government staff comments and recommendations concerning the development application.
2. That C.A.R. "SPONSOR" a "spot bill" requiring local governments that reduce the number of proposed lots in a subdivision to adopt findings and declarations demonstrating the impact the reduction has on adjacent communities.

IMPAC Trustees
1. That the following Nominees for IMPAC Trustee and Alternate be elected:

NOMINEES FOR IMPAC TRUSTEE
(November 2006 - November 2009)
Heather C Benson, Region 29, 2-year term, expires 2008
Greg M Haas, Region 19
James S Irving, Region 31
Richard Otterstrom, Region 17
Sandi E Pfister, Region 21
Mark Marchand, AE , Region 30

NOMINEES FOR IMPAC ALTERNATE
(November 2006 - November 2007)
Les Fishman,Region 21
Pat A Fredericks, Region 28
Eva S Garcia, Region 3
Leannah Hunt, Region 9
Joan Jolly, Region 12
Richard Tegley, Region 14
Cynthia Wood, Region 4
Dale Gray, AE, Region 7

2. It was reported for information only that the IMPAC Trustees approved the following contributions since the last meeting:
--$10,000 to the Southern California Association of Nonprofit Housing to support their 2007 legislative agenda.
--$10,000 to the No on Measure J campaignto defeat an anti-growth/ballot box zoning initiative in the City of Coronado.
--$300,000 to Rebuilding California to support Propositions 1A, 1B, 1C, and 1E, the statewide infrastructure bond package.
--$25,000 to the Stanislaus County Taxpayers for Traffic Relief to support a transportation half-cent sales tax measure in Stanislaus County.
--$75,000 to the Yes on 1C campaign to support Proposition 1C, a $2.8 billion statewide housing bond.
--$100,000 to No on 88, Californians Againstthe Statewide Parcel Property Tax to oppose the passage of Proposition 88, a statewide $50 parcel tax for education.
--$100,000 to No on 90, Californians Against the Taxpayer Trap to oppose the passage of Proposition 90, an eminent domain/redevelopment reform initiative.
--$10,000 to the Friends of Fresno County Transportation to support a transportation half-cent sales tax renewal measure in Fresno County.
--$5,000 to the Taxpayers for Safer Amador County Roads to support a transportation half-cent sales tax measure in Amador County.
--$50,000 to the Taxpayers Against Measure X to defeat an anti-growth/ballot box zoning initiative in the City of Newport Beach.

Legal Action Fund
1. It was reported for information only that the following developments had taken place in significant cases being tracked by the Legal Action Fund Trustees:

Schaffter v. Creative Capital Leasing Group.  The Trustees authorized an amicus brief in the case of Schaffter v.Creative Capital Leasing Group, LLC on the two issues of 1) assignability of a commission from a broker to a salesperson after all licensed activity has been completed for purposes of collecting and litigating the commission issue and 2) enforceability ofa buyer broker contract when a buyer has defaulted on a purchase agreement but the buyer and seller later mutually agree to cancel the contract.

Ballen v. City of Redmond (Blazing Bagels real estate sign ordinance case).  A city passed an ordinance prohibiting portable signs but excluding certain types of signs from the requirements of the ordinance.  On-premise real estate signs and on or off-premise directional and open-house signs were among those exempt from the law.  A local bagel shop hired someone to carry a sandwich board sign advertising the shop.  The bagel shop was cited, and "instead of baking up a more palatable method of advertising," fought the ordinance in federal district court and won.  The city appealed.  The city asked the court to either uphold the ordinance as it was drafted or to sever the exemptions and uphold the ordinance as an outright ban without any exemptions.  The REALTOR® amicus argued for upholding the decision of the district court and specifically focused on the issue that the exemptions should not be severed from the ordinance.  The court of appeal held that the ordinance was unenforceable because it was overbroad.  The court of appeal declined to sever the exemptions from the rest of the ordinance on procedural grounds.  The Trustees had previously authorized funding for the Washington State Association's efforts on an amicus in our federal circuit (the ninth circuit) that threatened the constitutionality of a real estate sign exemption in the city ordinance.  The court's constitutional analysis focused on the regulation being more extensive than necessary to serve the governmental interest which, in this case, was agreed was promoting vehicular and pedestrian safety and preserving community aesthetics.  While the case was successful and left the ordinance intact, the decision did include language that might be used against a real estate signs as a stand alone exemption in the future. 

Gravillis v. Reed.  Buyers bought a home using C.A.R.'s purchase contract and had initialed the arbitration clause.  Pursuant to the California Statute, the clause excludes arbitration on actions for "bodily injury."  The property proved to be unhabitable due to termite damage.  The wife contended her resulting emotional distress resulted in gestational diabetes and sued the brokers claiming failure to disclose and failing to discuss the resultsof a termite inspection report and negligent recommendation of the pest control company.  The brokers moved to compel arbitration and the court denied the arbitration request on the grounds of an excluded claim for bodily injury.  The Court ofAppeal ruled that emotional distress and diabetes caused by emotional distress were not the types of bodily injury that the contracting parties would reasonably expect to be excluded and the Court of Appeal ordered arbitration.  The term "bodily" did not reasonably encompass the purely mental, emotional and spiritual or purely psychic injury. The Plaintiffs have requested a rehearing on the issue of emotional distress damages claiming the issue was not briefed by the parties and that theparties did not expect that damages due to a fiduciary breach were covered by the arbitration clause. 

C.A.R. v. Barry.  As previously reported, C.A.R. defeated Barry's motion to strike the complaint in C.A.R.'s malicious prosecution case against both Freeman and Barry.  Barry's appeal was just filed this month and we will be responding.  The decision on the appeal is still months in the future. We are optimistic the lower court decision will stand.

Legislative
1. That C.A.R. adopt the following positions on November 2006 Ballot Propositions:
-- Proposition 84, "Water Quality, Safety and Supply, Flood Control, Natural Resources, Park Improvement, Bonds, Initiative Statute" -- "NEUTRAL"
-- Proposition 85, "Waiting Period and Parental Notification Before Termination of Minor's Pregnancy, Initiative Constitutional Amendment" -- "NOT REAL ESTATE RELATED"
-- Proposition 86, "Tax on Cigarettes Initiative Constitutional Amendment and Statute" -- "NOT REAL ESTATE RELATED"
-- Proposition 87, "Alternative Energy, Research, Production, Incentives Tax on California Oil Initiative Constitutional Amendment and Statute" -- "NOT REAL ESTATE RELATED"
-- Proposition 89, the "Political Campaigns, Public Financing, Corporate Tax Increases Contribution and Expenditure Limits Initiative Statute" -- "NOT REAL ESTATE RELATED"

NOTE: C.A.R. previously adopted the following positions on November 2006 Ballot Propositions:
-- Proposition 1A, "Transportation Funding Protection Legislative Constitutional Amendment" -- "FOR"
-- Proposition 1B, "Highway Safety, Traffic Reduction, Air Quality and Port Security Bond Act of 2006" -- "FOR"
-- Proposition 1C, "Emergency Housing, Community Planning and Farmland Preservation Bond Act of 2006," of which $950 million is allocated for homeownership opportunities -- "FOR"
-- Proposition 1D, "Kindergarten-University Public Education Facilities Bond Act of 2006" -- "NEUTRAL"
-- Proposition 1E, "Disaster Preparedness and Flood Prevention Bond Act of 2006" -- "FOR"
-- Proposition 83,"Sex Offenders, Sexually Violent Predators, Punishment, Residence and Monitoring Initiative Statute" -- "NOT REAL ESTATE RELATED"
-- Proposition 88, "Education Funding, Real Property Parcel Tax Initiative Constitutional Amendment and Statute" -- "AGAINST"
-- Proposition 90, "Government Acquisition, Regulation of Private Property Initiative Constitutional Amendment" -- "AGAINST"

C.A.R. previously adopted a "NOT REAL ESTATE RELATED" position on the Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century, which is scheduled to appear on the November 2008 General Election ballot.

2. That in regard to Broker experience requirements C.A.R.:
a) Formally request that the DRE re-examine its interpretation of the broker experience exception. The re-examination should encourage an interpretation of Business and Professions Code 10150.6 that concludes that a course of study "with a specialization in real estate" means a major or minor inreal estate or inclusion of broker pre-requisites in the 4-year degree; and,
b) That C.A.R. prepare to sponsor legislation defining "specialization in real estate" if DRE rejects the request to clarify its interpretation of the phrase. 

3. It was reported for information only that C.A.R. will poll local Associations of REALTORS®, Association Executives and Government Affairs Directors for evidence of inappropriate restrictions on REALTOR® political participation, and further that C.A.R. will seek additional regulatory guidance from the FPPC.  Staff has been directed to prepare an issues briefing paper for June of 2007.

Membership
1. That C.A.R. amend its model local AOR bylaws to clarify that in order to qualify for membership, applicants for membership that are principal/owners of real estate firms must "(e) Have no record within the past three (3) years of a final judgment rendered by the courts or other lawful authorities against the applicant for violations of (i) civil rights laws; (ii) real estate laws; or (iii) any felony or crime of moral turpitude."
2. That subject to a policy change by NAR, C.A.R. amend its model local AOR bylaws to apply the same standard as in #1 ("...(e) Have no record within the past three (3) years of a final judgment rendered by the courts or other lawful authorities against the applicant for violations of (i) civil rights laws; (ii) real estate laws; or (iii) any felony or crime of moral turpitude.") to all applicants including salespersons; and to make the time frame longer than three years, such as ten years from the date the judgment is final, or five years after release from prison, whichever is longer.

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

Alameda AOR
Alice Garvin
Samantha McDowell
Martha Turner

Arcadia AOR
Ann Lucile Kidd
Fadra Marlene Richmond
Wilma GeraldineScurr

Bakersfield AOR
Kenneth Blanton
Robert Karpe
Richard Watson

Bay East AOR
Jack Doerr
Willie Hughes
Richard Stephen Liss

Beverly Hills/Greater LA AOR
Deena Brand
Shirley Levy
Georgette O'Connor

Chino AOR
Doris Miller
Wallace Porter
Gerald Weber

Citrus Valley AOR
Mary Ann Williams

Contra Costa AOR
John Babjar
Billy Brumley
Marge Blake Myers

Delta BOR
Stephanie Aguiar

East San Diego AOR
Dorothy Elkerton
Jimmie Nichols
Felix Spiegler

Glendale AOR
Phyllis Cotton
Mary Ann Plumley
Robert W. Stevenson

Madera AOR
Barbara Basila

Monterey County AOR
June Robinson
Nancy C. Sheldahl
Anna L. Sigala

Newport Beach AOR
Edward Leonelli

Orange County AOR
Ellen Davisson
Lou J. Epstein

Palos Verdes Peninsula AOR
Jacqueline Crowley

Paradise AOR
Marvin Wilbur Plourd

Sacramento AOR
Robert A. Ahern
Edward Albers
Frank M. Bianchinni
Alvin Bromm
Maxine Casillas
Gene Chesney
Richard Davis
Jo Ann Delaney
Richard Dunnigan
Dorothy Farro
Francisco Fornells
Josie LaTurner
Roslyn Levy-Weintraub
Salvatore Lonero
Charles T. Manly
Gloria Margetich
Mack J.C. McBeth
Joseph Mohamed Sr.
Lou Montfort
John Nahra
Elaine Owens
Barbara Rodrigues-Mills
Clare Rumph
Yvonne Sebastian
Andrew Shepard
Joyce Shoemaker
Beth Steele
Raymond Steele
George Tzikas
Sue Vogel-Heaney

San Diego AOR
Jacqueline Alvarez

San Mateo County AOR
Madeleine M. Burns
Rudolph A Helin
Vernon Keith Heller
Thomas Reimer
Sylvia Solomon
David Tate
George Jacob Weiland
Rosina Weiskopf
Denny Williams

Santa Cruz AOR
William Perry Bryant, Jr

Santa Maria AOR
Edith May Gray
Phoebe Elizabeth Rector

Santa Ynez Valley AOR
Lydia Smith

Silicon Valley AOR
William Alhouse
Bob Aulgur
Burt Blum
Jeanne Kirkland

South Bay AOR
Steven James Litsis
Art Whitlock

Ventura AOR
James L. Fischer

MLS/ Computer & Business Technology
1. That C.A.R. Model MLS Rules 2 and 13.6 be amended as set forth below, subject to NAR approval.

Proposed Rules Changes:  The proposed additional language to the C.A.R. Model MLS Rules is set forth in underline as follows.

2. PURPOSE. A Multiple Listing Service is a means by which authorized MLS broker participants establish legal relationships with other participants by making a blanket unilateral contractual offer of compensation and cooperation to other broker participants; by which information is accumulated and disseminated to enable authorized participants to prepare appraisals, analyses and other valuations of real property for bonafide clients and customers; by which participants engaging in real estate appraisal contribute to common databases; and is a facility for the orderly correlation and dissemination of listing information among the participants so that they may better serve their clients, customers and the public.  Entitlement to compensation is determined by the cooperating broker's performance as a procuring cause of the sale or lease.

13.6 Written Authority. Participants and subscribers shall not place a lockbox on a property without written authority from the seller and occupant if other than the seller.  Inclusions in MLS compilations cannot be required as a condition of placing lockboxes on listed property.

MLS Working Group
1. That $30,000 be approved to engage a consultant to develop a Request for Proposals (RFP) for assessing the feasibility of establishing a property listing data repository for collective use. This repository would be capable of supportingany ongoing efforts towards data consolidation in California consistent with the Statement of Principles. All interested parties (AOR's, MLS's) will be invited to provide input to the MLS Working Group regarding the project specifications adopted by the Board of Directors.  The MLS Working Group shall report back to the Board of Directors in January 2007.  (This motion was brought forward by the Strategic Planning & Finance Committee; see SPF item #6 below.)
2. That the scope of work of the MLS Working Group be expanded to include the feasibility of a statewide MLS, including the issue of ownership and control.  (This motion was made on the floor of the Board of Directors and approved.  It was not subject to review by the MLS Working Group or the Executive Committee.)

Nominating
1. That C.A.R. establish the following activities to help those wishing to be candidates or future candidates become familiar with the rules and to assist the candidates to get better acquainted with the members:
a. Establish a round table meeting once a year for future candidates beginning in January 2007 with a past president and/or treasurer at each table.  Any member interested in leadership may take part without having declared for any particular office and/or for any particular year.
b. Leadership and/or the Nominating Committee Chair shall hold a candidate orientation for all announced candidates at the June/midyear meetings beginning in June 2007.
c. Either expand the Candidates' presentations at the Member and Director January Forum beginning in January 2007 so that members will be able to participate and interact with the candidates, or, since it may notbe feasible to devote more time to this activity at the Member and Director Forum, hold a separate Candidates' Forum during the January meetings.  Provide a question and answer format similar to what occurs at the Nominating Committee meeting and allow audience members to ask questions of the candidates.
d. C.A.R should create an interactive website as soon as possible to allow all declared candidates to include short biographical materials, and to allow members to ask questions of the candidates and dialogue with the candidates between January and the elections at the June/midyear meetings.  This website should NOT be used for posting endorsements nor for individuals to submit statements in support of any of the candidates, but should be used only as a forum for questions and answers.

2. A motion from the Nominating Committee to make certain other changes to the C.A.R. Campaign Guidelines was referred back to the Nominating Committee for further study.

Private Transfer Tax Task Force
1. That C.A.R. accept the report of the Private Transfer Tax Task Force.

NOTE: The Private Transfer Tax Task Force Report includes the following recommendations for action.
--That C.A.R. sponsor legislation to prohibit the imposition of any Private Transfer Taxes.
--That C.A.R.'s Legislative Committee should determine in January 2007 whether legislation is needed in connection with the disclosure of existing Private Transfer Taxes to avoid realestate licensee liability associated with that disclosure.
--That C.A.R.'s Standard Forms Advisory Committee should determine whether a separate form is needed that would be provided by sellers to buyers at the time a home is listed (or, if notlisted, at the same time at which the Transfer Disclosure Statement is required to be provided) disclosing to the buyer the existence, cost and duration of any Private Transfer Taxes.  In addition, the Standard Forms Advisory Committee should determine if information relating to Private Transfer Taxes should be included in the statewide advisory and/or in the buyer advisory.

Professional Standards
1. That C.A.R. adopt a one-year pilot program to allow selected localassociations to appoint an Ethics Advocate Subcommittee, whose members would assist parties to a disciplinary complaint through the process, by helping with paperwork and representing  the party at the hearing, at the option of the party.
2. That C.A.R. adopt a procedure for local associations to appoint a Subcommittee of their Grievance Committee to investigate all anonymous complaints -- model rules to be drafted by staff.
3. That C.A.R. allow a complainant the option of filing a disciplinary complaint at the association where the property at issue is located -- model rules to be drafted by staff.

Property Management
1. That C.A.R. seek to amend legislation to repeal the new criminal and civil penaltyrequirements imposed upon landlords of 15 units or less who do not obtain sufficient and/or correct information from tenants about an illegally parked vehicle, as a result of the passage of AB 2210 (Goldberg) -- statutes of 2006.
2. It was reported for information only that the Property Management Committee will form a "Work Group" to explore legislative solutions concerning the implementation of Megan's Law for landlords and property managers. 

Real Estate Business Services
1. That the following slate of nominees for a two-year term on the REBS Board of Directors be approved, and the C.A.R. President be instructed to elect these individuals on behalf of C.A.R.

REBS Directors electedfor the term 2007 - 2008:
Gary Thomas, Aliso Viejo, RE/MAX Real Estate Services
Alan Arora, Los Angeles, Real Estate Business Services
Tony Agurs, El Cajon, The Agurs Group
Linda Lang, Laguna Hills, Orange County Association of REALTORS®

NOTE: The following REBS Directors have continuing terms through 2007:
Liz Anderson-Fitzgerald, Dana Point, Christie's Great Estates
Maxine Jennings, Dublin, Real Estate Services
Chuck Lamb, Danville, Intero Real Estate Services
Joel Singer, Los Angeles, California Association of REALTORS®
John Wong, San Francisco, Prudential California Realty

Real Estate Finance
1. That C.A.R. "SPONSOR" legislation to allow alternative forms of consumer protection, such as access to the Real Estate Recovery fund or maintenance of "E&O" insurance, as a substitute for the bond required for agents of equity purchasers.

Standard Forms Advisory
1. It was reported for information only that the Standard Forms Advisory Committee announced two new forms for release in November.  Those forms are the Buyer Inspection Waiver (BIW) and the Vacant Land Questionnaire (VLQ). Eleven Regional Representatives were present and gave their respective reports.  Most of the comments addressed the Agent Visual Inspection Disclosure (AVID) form and the comments were all favorable.  The SFAC reviewed the member comments received from the Forum on Forms regarding the Agent Visual Inspection Disclosure (AVID) form.  The committee overwhelmingly approved the draft and recommended that the form be released in April 2007.  The SFAC also reviewed the process for evaluating and acting upon comments.  A decision was made generally to wait to make changes to a form until a number of potential changes have been approved.

Strategic Planning & Finance
1. To approve a 2007-2009 strategic plan and 2007 budget with the following criteria:
a. C.A.R. Revenue $28,826,500
    C.A.R. Cost $26,492,200
    Net Surplus $2,334,300
b. Political Activities Fund Revenue $1,600,000
c. Issues Action FundRevenue $1,600,000
    Issues Action Fund Cost $791,200
    Issues Action Fund Transfer to IMPAC $808,800
d. 114 budgeted C.A.R. staff positions
e. Membership dues, including $115 for operating programs,$10 for the Political Activities Fund and $10 for the Issues Action Fund, are set at a total of $135 per member (predicated on 2007 year end membership of 185,000)
f. A 2007 Capital Budget (funded with Association reserves) totaling $682,600

2.To approve for members in areas not serviced by local associations an additional $30 in membership dues. This amount would be in excess of the dues approved for members coming through the local associations.
3. That C.A.R. allocate matching funds to the C.A.R. Housing Affordability Fund for the 2006 calendar year fundraising cycle, in an amount equal to the gross dollars raised by the CARHAF up to $500,000. This fund will be self-financing from this point forward.
4. To approve a budget augmentation to evaluate C.A.R. and subsidiaries Web sites for a total cost of $23,000
5. That $412,500 be approved for an additional 5 percent pension contribution to the C.A.R. and REBS employee pension plan for 2006, augmenting the previously approved budget of ten percent.
6. That $30,000 be approved to engage a consultant to develop a Request for Proposals (RFP) for assessing the feasibility of establishing a property listing data repository for collective use. This repository would be capable of supporting any ongoing efforts towards data consolidation in California consistent with the Statement of Principles. All interested parties (AOR's, MLS's) will be invited to provide input to the MLS Working Group regarding the project specifications adopted by the Board of Directors.  The MLS Working Group shall report back to the Board of Directors in January 2007.

7. That the Statement of Income and Expenses by program for the eight months ending August 31, 2006 be approved.

Total C.A.R.
Revenue of $28,060,100
Expenses of $16,496,900
An excess of income over expenses of $11,563,200

Political Activities Fund
An excess of income over expenses of $1,390,200

Issues Action Fund
An excess of income over expenses of $1,345,500

The C.A.R. Balance Sheet as of August 31, 2006
Total assets of $47,731,800 (of which $34,035,500 are current assets)
Total liabilities of $4,719,200 (of which $3,079,900 are current liabilities)
C.A.R. Fund Balance of $43,012,600

8. That the Projected Statement of Income and Expenses by program for the year ending December 31, 2006 be approved.

Total C.A.R.
Revenue of $31,512,900
Expenses of $26,708,000
An excess of income over expenses of $4,804,900

Political Activities Fund
An excess of income over expenses of $1,046,700

Issues Action Fund
An excess of income over expenses of $1,106,300. This amount will be allocated to IMPAC as approved by the Directors.

Other

The following special awards were presented at the Board of Directors Session:

2006 Committee Liaison Awards
Robert Bailey, Association Leadership
Jeanne Garde, Legal Issues & Information
Maxine Jennings, Industry Information & Membership Services
Rick Otterstrom, Political
Heidi Rickerd-Rizzo, Industry Information & Membership Services
Irma Vargas, Public Policy
Jeannette Way, Public Policy


2006 Outstanding Committee Chairs
Association Executives, Mary Rovarino
Association Presidents, Leadership Forum, REALTOR® Jeannie Anderson
Award Selection, REALTOR® Richard Sax
C.A.R. Past Presidents, REALTOR® Robert Bailey
C.A.R. Scholarship Foundation/C.A.R. Education Foundation, REALTOR® Emily Link
California REALTOR® Expo Advisory, REALTOR® Richard Stone
Commercial Investment, REALTOR® Gill Bordenave
Common Interest Development,  REALTOR® Dona Crowder
Communications Advisory, REALTOR® Rita Sahlein
Credentials, REALTOR® Karen Nelson
CREPAC Trustees, REALTOR® John Scarborough
Defense Strategy Advisory, REALTOR® Bob Hunt
Educational Services Advisory,  REALTOR® Sue Walsh
Equal Opportunity-Cultural Diversity, REALTOR® Kelvin Wong
Federal Issues, REALTOR® Ann Throckmorton
Housing Affordability Fund, REALTOR® Sereta Churchill
Housing Opportunity, REALTOR® Nancy Troxell
IMPAC Trustees, REALTOR® Steve White
International Real Estate Forum, REALTOR® Kaela von Laue
Land Use & Environmental, REALTOR® Jim Irving
Legal Action Fund Trustees, REALTOR® Suzanne Yost
Legal Affairs Forum, REALTOR® Karen Halladay
Legislative, REALTOR® Steve Hanleigh
Local Governmental Relations, REALTOR® Mel Wilson
ManufacturedHousing, REALTOR® Scott Swendiman
Membership, REALTOR® Bobbie Nelson
MLS/Computer & Business Technology, REALTOR® David R. Tanner
N.A.R. Directors Forum, REALTOR® Vince Malta
Nominating, REALTOR® Toby Bradley
Political Activities Fund, REALTOR® Mary Funk
Political Affairs, REALTOR® Dennis Mason
Professional Standards, REALTOR® Kathryn Kelly
Property Management, REALTOR® Curt Cournale
Real Estate Finance, REALTOR® J. Michael Roberts
REALTOR® Risk Management and Consumer Protection, REALTOR® Lewis Cantrell
Regional Chairs, REALTOR® Colleen Badagliacco
Rural Forum, REALTOR® Susan Davis
Sergeant-at-Arms, REALTOR® Larry Fargher
Standard Forms Advisory, REALTOR® David Cabot
Strategic Planning & Finance, REALTOR® James Liptak
Taxation, REALTOR® Ray Karpe