California Real Estate magazine (ISSN: 0008-1450) is published monthly, except bimonthly in January/February, March/April, June/July and November/December, by the CALIFORNIA ASSOCIATION OF REALTORS®, publishers and owners, 525 S. Virgil Ave., Los Angeles, CA 90020. Periodicals postage paid at Los Angeles, CA and at additional mailing offices.

Member subscriptions of $6 are paid with annual dues. Non-member subscriptions are $24 per year. Subscriptions outside the U.S. are $44. Single copies are $3 in the U.S. and Canada. Allow six to 8 weeks for new subscriptions.

This publication is designed to provide accurate and authoritative information regarding the subject matter covered. It is offered with the understanding that the publisher is not engaged in rendering professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Articles that appear in California Real Estate are an informational service to members. Their contents are the opinions of the authors alone and do not necessarily represent those of the CALIFORNIA ASSOCIATION OF REALTORS®. Permission to reprint articles appearing in California Real Estate magazine must be requested in writing. Please include purpose for request, including title of publication/medium in which reprinted article will appear, target audience demographic, and target circulation size. While this magazine makes a reasonable effort to establish the integrity of its advertisers, it does not endorse advertised products or services unless specifically stated.

Address changes: for C.A.R. members must be communicated through the local Board of REALTORS® to which the member belongs.