Easily renew your real estate license with the FREE 45 hour online license renewal package from C.A.R.
Pre-License TrainingDistinguish yourself by learning how to build a business that specializes in niche markets to nearly double your earning potential in various real estate sectors
Browse our class schedule to find when and where to take real estate courses.
Course Catalog Online Bundles Annual Education ExperienceThe REMS system allows brokers to deliver quality education to their agents and track their progress.
Complete your eight-hour NMLS license renewal requirement through our NMLS-approved provider, OnlineEd
The main Business Meetings page includes important links for Directors and Committee Members.
REimagine! Real Estate Conference & Expo is where learning takes center stage and where business solutions and connections are at the forefront of the real estate industry.
A one-stop shop for tools and and resources to educate consumers about the intricacies of buying and selling a home and how a REALTOR® can help.
Infographics One Cool Thing Tax Reform One Sheets Fire Insurance One SheetsExplore and interact with the latest market statistics.
County Housing Market Summaries County Market Updates Market @ A GlanceThis information is designed for Real Estate Brokers and Office Managers to assist you in supporting your real estate business.
CCRE's mission is to advance industry knowledge and innovation with an emphasis on convening key experts and influence-makers.
From webinars to videos and podcasts to blogs, C.A.R. keeps you in the know.
Videos Webinars PodcastsC.A.R. publishes eight magazine issues and various newsletters throughout the year.
Newsletters California Real Estate Magazine
May 2022 Broker Insights Newsletter
Update 5.18.22 - Industry Leader Weekly Update
We look forward to seeing you at our next Industry Leader Town Hall - next Friday May 27th - Register here and submit your questions in advance by emailing [email protected] and [email protected]. The current agenda and questions submitted will be found here. For all 2022 dates and registration links, please see here. Below are your pertinent updates for this week.
Red Alert - AB2050
C.A.R OPPOSES AB 2050 (Lee and Carrillo), because it forces property owners to stay in the rental housing business for at least five years. AB 2050 is an outrageous attack on private property rights, effectively allowing government to seize property by dictating its use and disproportionately harming small rental property owners who are families of color.
This could be up for a vote as early as tomorrow, so we need to generate as many phone calls to key legislators as possible. Right now we are focused on the following assembly members:
McCarty (Sacramento)
Bauer Kahan (Walnut Creek/Moraga/San Ramon/Dublin/Livermore)
Holden (Altadena/Pasadena/San Dimas)
M. Fong (Rosemead/Temple City/Alhambra/Arcadia/Monterey Park)
L. Calderon (Whittier/La Puente/La Mirada/Norwalk
C. Garcia (Downey/Bellflower/Bell Gardens/Pico Rivera/Cerritos/Montebello)
Boerner Horvath (Oceanside/Carlsbad)
To take action, go to this link, make a phone call, then click done!
Legal Update
The Re-opening the Real Estate Broker Office or AOR Office Q&A has been updated Click here to read the updated information.
Market Update
A glass half-full optimist can point to the increasing likelihood that inflation has at least stopped getting worse in the latest report released last week. While it is encouraging, it is also doubtful that the news on “mild” deceleration in price growth will be enough for the Federal Reserve to signal a shift in tone. With rates likely to remain elevated in the short term, we expect the ongoing monetary policy to weaken consumer demand, slow down economic activity, and cool off home price growth in the second half of the year.
For more check out our Market Minute here.
For our Weekly Sales Data Report - go here.
For our Monthly Member Poll - go here.
C.A.R. April Home Sales and Price Report
Rising interest rates and climbing home prices moderate California home sales in April as statewide median price sets another peak, C.A.R. reports
Existing, single-family home sales totaled 419,040 in April on a seasonally adjusted annualized rate, down 1.9 percent from March and down 8.5 percent from April 2021.
April’s statewide median home price was $884,890, up 4.2 percent from March and up 8.7 percent from April 2021.
Year-to-date statewide home sales were down 7.4 percent in April.
Federal Update
White House Announces Plan to Address Housing Supply and Affordability Crisis
On Monday, May 16, the Administration announced its Housing Supply Action Plan “to ease the burden of housing costs over time, by boosting the supply of quality housing in every community.” While California has dealt with a housing supply crisis for nearly forty-years, the rest of the nation has only recently begun to deal with the increased costs of housing as a result of a housing shortage.
In response, the Administration has released their Housing Supply Action Plan, which is a list of proposals intended to increase the nation’s housing supply through both regulations and legislation. Some of what is in the plan are REALTOR supported proposals, including:
· More affordable housing funding going towards homeownership
· Incentives for local and state governments to increase housing development
· Financing for more ADU development
· Reduce the number of FHA, Fannie Mae and Freddie Mac REOs going to institutional investors
Other proposals in the plan focus on increasing multi-family housing, financing for manufactured homes, changes to the Low-Income Housing Tax Credit and others.
C.A.R. anticipates the Administration to move the regulatory part of the plan over the next two-years.
Updated Appraisal Guidance from Fannie Mae
Updated guidance Appraisers will be required to use the Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections with effective dates of April 1, 2022 or later on loans sold to Fannie Mae. Historically, Fannie Mae’s Selling Guide has not required the use of a specific measurement standard. This policy update will standardize the method used to measure, calculate, and report GLA and non-GLA areas of subject properties. All footprint sketches and floor plans must be computer-generated (not hand-drawn), indicate all the dimensions needed to calculate the GLA and other required areas such as garage and basement, and show the calculations to demonstrate how the estimate for gross living area was derived. Click here to read the full report.
*New* Housing Matters Podcast Episode
C.A.R. economists discuss the latest macroeconomic trends including the ongoing battle to tame inflation, the consequent effects on interest rates and housing in California, and the outlook for the market in the next few months as the Fed remains poised to increase their target rate further and the economy saw GDP decline for the first time since the recovery began. Click here to listen.
Upcoming Events for you and your agents:
June 1 - Marketing Xperience
If you’ve found yourself wondering how to take advantage of TikTok, Instagram, email, paid digital ads and all the new “meta” buzzwords making headlines right now, June first’s Marketing Xperience was created for you.
For this single-day Virtual Summit, our marketing industry experts will customize the current viral trends you see on your phone for your listing and client marketing strategies.
The virtual summit is $15 for members which includes on-demand access to all the sessions through July 30. Visit here and sign up.
June 1 - WomanUP!® Registration Launches
The excitement is building for the upcoming WomanUP!® Annual Conference taking place August 30 - September 1st at the Pasea in Huntington Beach. Sign up here so you don’t miss the opening of the registration!
June 8th - Books with Leadership (BWL) is a fun opportunity to learn more about leadership and other topics of interest to REALTORS® while networking with colleagues and the C.A.R. Leadership Team. BWL is a quarterly book club discussion hosted by a different member of the C.A.R. leadership team each quarter. Join us for the next book discussion with C.A.R.'s President-elect Jennifer Branchini on June 8th at 9 AM. The book will be Erasing Institutional Bias: How to Create Systemic Change for Organizational Inclusion. Register here to attend.
June 9th - CCRE presents - Innovative Pathways to Production: Solutions to a Housing Crisis
If homeownership is to be more accessible to the average Californian, then we must advance actionable, pragmatic, and innovative paths to dramatically increase housing supply. We need to rethink incentives for innovation to spur production and support emerging solutions. Our panel of experts explores new possibilities such as rezoning commercial land, converting commercial property to residential, encouraging more modular construction and partnerships with the public/private sector. Join us as C.A.R.’s new CEO, John Sebree moderates this wide-ranging forward-facing discussion - register here.
June 21st - STEPS Toward Homeownership
Attendees will acquire financial literacy knowledge and strategies to bolster your referral pipelines in the local community and help prospective buyers with financing expectations, down payment assistance options, and FHA vs. conventional loan programs. In addition, we have focused on the REALTOR® view as well, to give reasonable understanding of how to stay involved, without taking on additional roles. Learn more and register here.
