Get your name on a sign! A monument is being built at Ronald Regan Sports Park. Get your recognition!

Posted on April 19, 2007 by admin

<div class="serendipity_imageComment_left" style="width: 110px"><div class="serendipity_imageComment_img"><a class='serendipity_image_link' href='http://www.srcar.org/documents/Site Sign Ad Program.pdf'><img width='110' height='110' src="http://blog.srcar.org/uploads/pdf-logo.thumb.jpg" alt="" /></a></div><div class="serendipity_imageComment_txt">Download the flyer</div></div>

News from CAR

Posted on April 19, 2007 by admin

Thursday, April 19, 2007Newly formed Real Estate Broker Owner Solutions (REBOS) to create broker tools and services for real estate industryLOS ANGELES (April 19) – Real Estate Business Services, Inc. (REBS), a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and Real Estate Business Resources (REBR), a subsidiary of the KANSAS ASSOCIATION OF REALTORS®, today announced the creation of Real Estate Broker Owner Solutions, LLC (REBOS), a new partnership that will develop and market products and services for real estate brokers, owners, and firm managers. The creation of REBOS LLC represents a milestone for organized real estate by bringing together two state REALTOR® associations to achieve a common goal of being a strategic business partner to their members as well as to brokerages nationwide. An exciting component of this new venture is that RealTrends industry-wide aggregated data will be licensed for use in REBOS tools for brokers. REAL Trends, Inc., headed by Steve Murray, is a publishing and communications company considered to be a leading source of analysis and information on the residential brokerage industry.“With this partnership, REBR will be able to expand on the success it has already achieved in the broker space by providing tools and services augmenting our successful brokerage consulting and assessment services,” said REBR President Karen France. France was recently appointed president of the new entity.“The flagship product of our new partnership, slated for release in early 2008, will be an online, subscription-based application enabling brokers to improve their business performance by providing assessment, business modeling, and tactical implementation tools,” said Gary Thomas, REBS chairman of the board.Other products and services are planned to include financial and business improvement consulting services and regional brokerage performance surveys.Real Estate Business Services Inc. (REBS) is a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and the leading provider of real estate products and services to practitioners in California.Real Estate Business Resources (REBR) is a subsidiary of the KANSAS ASSOCIATION OF REALTORS® that was established in January 2000 to provide real estate-related programs, products and services to the real estate community. KANSAS ASSOCIATION OF REALTORS® has been the voice of Kansas real estate for the past 85 years and provides programs, services, continuing education, research and legislative representation to its membership of approximately 10,000 real estate professionals.Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (<a title="file://www.car.org" href="file://www.car.org/">www.car.org</a>) is one of the largest state trade organizations in the United States, with nearly 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

NEWS FROM NAR – Issues & Legal

Posted on April 18, 2007 by admin

<table width="507"><tbody><tr><td class="sectionheader">ISSUES </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"> Congress Considers Nixing ‘Phantom Tax’ on Foreclosures, Short Sales </td></tr><!– Story –><tr><td class="blacktext" width="500">The House of Representatives introduced today the Mortgage Cancellation Tax Relief Act, H.R. 1876 — an NAR-supported bill that would change current laws that force individuals to pay an income tax when they’ve had part of a mortgage loan forgiven or have been forced to foreclose because of their inability to pay their mortgage. When home owners with only a small amount of equity have no choice but to sell their home, their stagnant or declining property values can cause them to fall short of the amount needed to pay off a mortgage (also known as a short sale), says NAR President Pat Vredevoogd Combs. “Clearly, it’s unfair to tax people on a phantom income, particularly when they have experienced a serious economic loss and probably have no cash with which to pay the tax,” Combs says. For more info, <a title="http://go-to.realtor.org/h/IIK49/OR9DK/YT/0SVDM" href="http://go-to.realtor.org/h/IIK49/OR9DK/YT/0SVDM">click here.</a> </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"> House to Vote on Reporting Change for Sellers </td></tr><!– Story –><tr><td class="blacktext" width="500">The full U.S. House is scheduled to vote this week on the Taxpayer Protection Act of 2007, H.R. 1677, which includes a long-sought after provision by NAR that could change how sellers’ identities are reported at closing. Under the current law, sellers must provide a buyer with an affidavit that they are a U.S. citizen and disclose their Social Security number. But with identity theft growing, sellers have become reluctant to provide Social Security numbers to buyers. If approved, the legislation would continue to require verification that the seller is a U.S. citizen, but the tax laws would no longer require sellers to provide their Social Security number to buyers. </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"> RESPA Investigations of Real Estate Salespeople and Appraisers </td></tr><!– Story –><tr><td class="blacktext" width="500">Colorado Division of Real Estate Director, Erin Toll, announced she plans to investigate kick-backs and other RESPA violations beginning this summer — one more indication of a growing interest in RESPA enforcement at the state level. NAR's expanding RESPA Realities education program will help raise awareness and knowledge of member's obligations under RESPA. RESPA expert Phil Schulman will conduct a session, "Don't be a Target," at 8 a.m. on May 15 during NAR's Midyear Legislative Meetings and Trade Expo in Washington, D.C., which will answer key RESPA questions. For info on the session, <a title="http://go-to.realtor.org/h/7AC6W/OR9DK/YT/0SVDM" href="http://go-to.realtor.org/h/7AC6W/OR9DK/YT/0SVDM">click here.</a> To access NAR’s compliance tools, <a title="http://go-to.realtor.org/h/6208T/OR9DK/YT/0SVDM" href="http://go-to.realtor.org/h/6208T/OR9DK/YT/0SVDM">click here.</a> </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"> Senate Hearing Highlights Insurance Affordability in Coastal Regions </td></tr><!– Story –><tr><td class="blacktext" width="500">Earlier this week the U.S. Senate Committee on Banking, Housing, and Urban Affairs examined the availability and affordability of property and casualty insurance in the Gulf Coast and other coastal regions. To watch the hearing, <a title="http://go-to.realtor.org/h/OR9I7/OR9DK/YT/0SVDM" href="http://go-to.realtor.org/h/OR9I7/OR9DK/YT/0SVDM">click here.</a> </td></tr></td /></tr /></td /></tr /><!– End of story –><!– Section header –><tr><td class="sectionheader"> LEGAL </td></tr><!– Itemheader –><tr><td class="itemheader"> Injunction Against Minnesota Caller for Threats to Brokerages </td></tr><!– Story –><tr><td class="blacktext" width="500">A man who threatened brokerages with lawsuits for alleged Do Not Call violations can’t continue to use the DNC rules to demand money, the U.S. District Court for the District of Minnesota ruled. RE/MAX Ideal Properties has filed a lawsuit against Ryan Swanberg. The company claims he threatened to sue RE/MAX, and other real estate brokerages, if they didn’t comply with his demand to issue him their Do Not Call policies within five days. After he would threaten a lawsuit, he would offer the brokerage an opportunity to settle the matter for around $5,000, according to court documents. The court ordered an injunction against Swanberg and said RE/MAX didn’t have to respond to his demands. </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"> Commission Awarded from Second Purchase Contract </td></tr><!– Story –><tr><td class="blacktext" width="500">A brokerage is entitled to commission after a buyer purchased property following the expiration of the buyer’s representation agreement, ruled a Missouri appellate court, reversing an earlier trial court’s decision. Initially, the buyer was unable to obtain financing, so an initial purchase agreement was terminated and soon after the buyer’s representation agreement expired. The buyer had resolved the financial issue and then reached an agreement with the seller to rent the property. The brokerage argued — and the court agreed — that it was entitled to a commission because of a protection clause in the buyer’s representation agreement, which required the buyer to pay the brokerage a commission if she purchased a property shown to her by the broker within 180 days after the contract expired. </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"></td></tr><!– Story –></tbody></table>

Wildomar Chamber of Commerce Mixer

Posted on April 13, 2007 by admin

<div class="serendipity_imageComment_left" style="width: 85px"><div class="serendipity_imageComment_img"><a class='serendipity_image_link' href='http://www.srcar.org/documents/wcc.pdf'><img width='85' height='110' src="http://blog.srcar.org/uploads/wcc.thumb.gif" alt="" /></a></div><div class="serendipity_imageComment_txt">Please check out the flyer!</div></div>

Supra Maintenance Notification

Posted on April 13, 2007 by admin

<div>On Friday April 13, 2007 from 7:00PM Pacific Time until Saturday April 14, 2007 7:00AM Pacific Time, <a title="http://www.supraekey.com/" href="http://www.supraekey.com/">www.supraekey.com</a> will be unavailable due to a planned outage. During this time keyholders will be able to receive Update Codes via the eSync and Voice system. The only services that will not be available to keyholders are web update codes and report generation. SupraNET also will not be available during the maintenance period. Supra Keyholder Support, 877-699-6787, will be available to provide assistance for any keyholder who needs to update their key.Thank youMichelle Medley Supra Administrator</div>

eKey data access is now restored

Posted on April 11, 2007 by admin

Attention Important Message – New Data Available: 
 
Data access is now restored since your MLS Conversion. If you are an eKey user before new listings can be delivered to your eKey you need to redefine your Market Area and then do a one time Update Key and MLS from the eSYNC menu. All users that assign keyboxes to listings for showing activity – addresses information will begin to populate for all NEW assignments after 4-9-07. 
 
Supra apologizes for any inconvenience this down time may have caused. If you need assistance please contact Agent Support at 877-699-6787.

NAR News & Issues

Posted on April 11, 2007 by admin

<table width="507"><tbody><tr><td class="sectionheader">NAR NEWS </td></tr><!– Itemheader –><tr><td class="itemheader"> Tighter Lending Standards: Good for Housing but Expect Slower Sales </td></tr><!– Story –><tr><td class="blacktext" width="500">Tighter lending criteria and fallout from the subprime loan debacle will lead to a healthier housing market with greater assurance that owners can handle mortgage adjustments, according to NAR. But higher loan standards will slow the housing recovery, NAR reports. David Lereah, NAR’s chief economist, says the changes are necessary for the long-term health of the housing market. “Tighter lending standards will dampen home sales a bit, but by less than a couple of percentage points from initial projections,” Lereah says. “We still forecast 2007 to be the fourth highest year on record for existing-home sales, and housing remains a great long-term investment.” For more, <a title="http://go-to.realtor.org/h/WTP3M/QNSQ6/7V/LAN6L" href="http://go-to.realtor.org/h/WTP3M/QNSQ6/7V/LAN6L">click here.</a> </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"> NAR Urges Senate to Develop Natural Disaster Plan </td></tr><!– Story –><tr><td class="blacktext" width="500">At two congressional hearings Wednesday, NAR called on the Senate to enact a comprehensive natural disaster plan that addresses insurance availability and affordability in both property and casualty insurance markets. NAR said the plan should recognize that property owners, private insurance markets, and all levels of government must work together to address the problem of available and affordable property insurance, especially in disaster prone areas. In testimony submitted to the Senate Committee on Banking, Housing and Urban Affairs, and to the Committee on Commerce, Science, and Transportation, NAR pledged to work with Congress to craft a national natural disaster plan that would include accessible and affordable insurance, improved preparedness, and thorough planning for recovery efforts. </td></tr></tbody></table><table width="507"><tbody><tr><td class="itemheader">Revamp FHA Rules to Curb Foreclosures, NAR Says </td></tr><!– Story –><tr><td class="blacktext" width="500">NAR encouraged the U.S. Department of Housing and Urban Development to act quickly to change the FHA mortgage insurance program so more home owners can avoid foreclosure. In a letter sent to HUD Secretary Alphonso Jackson, NAR President Pat Vredevoogd Combs urged HUD to change FHA rules and waive the requirement that a home owner’s mortgage be “current” in order to refinance it into an FHA loan product. “Many home owners who were able to make timely payments under the original terms of their loan are finding it difficult to make payments after rate adjustments,” Combs said. “We believe FHA can design a mechanism where credit worthy borrowers could refinance subject to prudent guidelines, and therefore avoid losing their homes.” For more, <a title="http://go-to.realtor.org/h/GD450/QNSQ6/7V/LAN6L" href="http://go-to.realtor.org/h/GD450/QNSQ6/7V/LAN6L">click here.</a> </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"> Real Estate Book Blog Debuts: Join the Conversation </td></tr><!– Story –><tr><td class="blacktext" width="500">Real Estate Book Blog Debuts: Join the Conversation </td></tr><!– Story –><tr><td class="blacktext" width="500">REALTOR® Magazine Online launched this week an online real estate book club, The Weekly Book Scan, featuring book reviews, author chats, excerpts, and a chance to post your comments about books you’ve read. The blog is designed to give you book news in 5 minutes or less. Leading off the blog this week: Sid Davis’ book Home Makeovers that Sell (AMACOM, 2007) and the latest book from NAR Chief Economist David Lereah, All Real Estate is Local (Currency/Doubleday, 2007). To visit the blog, <a title="http://go-to.realtor.org/h/TUFRL/QNSQ6/7V/LAN6L" href="http://go-to.realtor.org/h/TUFRL/QNSQ6/7V/LAN6L">click here.</a> <table width="507"><tbody><tr><td class="sectionheader">ISSUES </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"> Free Analysis of Pending Land Use Legislation </td></tr><!– Story –><tr><td class="blacktext" width="500">AEs: Don't forget NAR has resources for you if your association wants to help shape local debate over land use. NAR’s Land Use Initiative provides you with a quick and thorough analysis of pending land use legislation or regulations. The analysis is provided free by the preeminent land use law firm Robinson & Cole. </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"> HUD Clarifies Rule on Down Payment Assistance </td></tr><!– Story –><tr><td class="blacktext" width="500">HUD has issued final rules on a down payment assistance program, and in an important clarification, says buyers of manufactured homes are eligible for assistance. The program, the American Dream Downpayment Initiative, is part of the existing HOME housing block grant. </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"> National Flood Insurance Program Reform Bill Introduced in House </td></tr><!– Story –><tr><td class="blacktext" width="500">NAR-backed flood insurance reform legislation, which passed the House last year, is back on the table with reintroduction of the bill by Reps. Barney Frank (D-Mass.), chair of the Committee on Financial Services, and Judy Biggert (R-Ill.), ranking member of the Subcommittee on Housing and Community Opportunity. NAR President Pat Vredevoogd Combs sent letters to Frank and Biggert acknowledging the importance of the National Flood Insurance Program in protecting property owners across the country and offering to work with Congress on the legislation, “Flood Insurance Reform and Modernization Act of 2007,” H.R. 1682. </td></tr></td /></tr /></td /></tr /></td /></tr /></td /></tr /><!– End of story –><!– Section header –><tr><td class="sectionheader"></td></tr></tbody></table></td></tr></tbody></table>

UPDATED CONSTRUCTION NOTICE FOR MURRIETA

Posted on April 11, 2007 by admin

NEWS RELEASE <date month="4" day="6" year="2007">April 6, 2007</date> For more information contact:Simone McFarland, City of <city><place>Murrieta</place></city> (951) 461-6012 UPDATED CONSTRUCTION NOTICE The City of <city><place>Murrieta</place></city> has an update on the street improvement project <street><address>Adams Avenue</address></street> from <street><address>Hawthorne Street</address></street> to <street><address>Juniper Street</address></street>. Vehicular traffic along <street><address>Adams Avenue</address></street> will be limited to one way traffic in the northerly direction (east side of the road) for the first stage of construction. This detour will begin on April 9 and last through May 2. Traffic will then be shifted to the west side of the road in a southerly direction for the second stage of construction. The approximate date for this detour is from May 3 to May 25. Detour signs will be in place to help direct traffic flow. The contractor will maintain access for each driveway location and will notify residents prior to any driveway work. You may contact Tom Nowak, Project Manager, at (951) 445-0325 if you have any questions regarding the project. Simone McFarlandCommunications and Marketing ManagerCity of <city><place>Murrieta</place></city><street><address>26442 Beckman Court</address></street><place><city>Murrieta</city>, <state>CA</state> <postalcode>92562</postalcode></place>951 461-6012

Legal News from CAR

Posted on April 11, 2007 by admin

MINNESOTA MAN ENJOINED FROM PERPETRATING DO-NOT-CALL SCHEMEA federal district court has ordered a Minnesota man to stop attempting to extract monetary settlements by threatening to sue for do-not-call violations. This was the decision in the recent Minnesota case of Re/Max Ideal Properties, Inc. v. Swanberg (Civil No. 06-4843). Ryan Swanberg of Minnesota has targeted California REALTORS® and other businesses for monetary settlements based upon a strained interpretation of the federal do-not-call rules. In this scheme, Mr. Swanberg contacts a real estate brokerage asking to be placed on its do-not-call list and for a copy of its written do-not-call policy, even though the brokerage has never contacted him before. If he does not receive the policy in five days, he threatens to sue the brokerage for violating the do-not-call rules, but offers to settle the matter for about $5,000. After being targeted by Mr. Swanberg, Re/Max Ideal Properties, Inc. of Oregon filed a lawsuit seeking, among other things, for the court to declare that Mr. Swanberg had no private right of action under the do-not-call rules, and to permanently enjoin him from demanding money in this manner. The court granted this relief through a default judgment entered against Mr. Swanberg in March 2007. Issuance of this injunction is no guarantee that Mr. Swanberg will stop targeting REALTORS®. To help REALTORS® comply with the do-not-call rules, C.A.R. has a legal article entitled <a title="http://www.car.org/index.php?id=MzY3ODU" href="http://www.car.org/index.php?id=MzY3ODU">Do-Not-Call, Do-Not-Fax, Do-Not-Email Laws Affecting REALTORS®</a>, which includes a sample policy for maintaining a company-specific do-not-call list. Although the federal do-not-call rules do not specifically require delivery of a written do-not-call policy within five days as Mr. Swanberg has demanded, a prudent broker should, upon anyone's request, provide a copy of its written policy within a reasonable time. C.A.R.'s Legal Department provides REALTORS® with many other legal articles covering a wide range of topics of interest. Some of our new or newly revised legal articles available through C.A.R. Online at <a title="http://qa.car.org/" href="http://qa.car.org/">http://qa.car.org</a> are as follows: - <a title="http://www.car.org/index.php?id=MzcxNjQ" href="http://www.car.org/index.php?id=MzcxNjQ">Contract Law and Real Estate Transactions</a>. - <a title="http://www.car.org/index.php?id=MzcxNzU" href="http://www.car.org/index.php?id=MzcxNzU">Exemptions form the Transfer Disclosure Statement (TDS and MHTDS) Law</a>.

New Legal Article from CAR

Posted on April 4, 2007 by admin

Member Legal Services has published a new legal article, <a title="blocked::http://www.car.org/index.php?id=MzcyMDY=" href="http://www.car.org/index.php?id=MzcyMDY=">Abandoned Rental Real Property</a> (April 4, 2007). It is available on Legal's <a title="blocked::http://www.car.org/index.php?id=Ng== 
http://www.car.org/index.php?id=Ng==" href="http://www.car.org/index.php?id=Ng==">What's New</a> and the <a title="blocked::http://www.car.org/index.php?id=NTgz 
http://www.car.org/index.php?id=NTgz" href="http://www.car.org/index.php?id=NTgz">Legal Articles</a> pages on C.A.R. Online. This new legal article includes the Notice of Belief of Abandonment form required by California Civil Code Section 1951.3. It covers the procedure for handling abandoned rental real property. This article is the companion article to the existing one, <a title="blocked::http://www.car.org/index.php?id=MTI1Nw==" href="http://www.car.org/index.php?id=MTI1Nw==">Abandoned Personal Property: Disposition of Items Left Behind After Termination of a Tenancy</a>.

SRCAR Connect

SRCAR's Blog

Monthly Archives: April 2007

Get your name on a sign! A monument is being built at Ronald Regan Sports Park. Get your recognition!

News from CAR

NEWS FROM NAR – Issues & Legal

Wildomar Chamber of Commerce Mixer

Supra Maintenance Notification

eKey data access is now restored

NAR News & Issues

UPDATED CONSTRUCTION NOTICE FOR MURRIETA

Legal News from CAR

New Legal Article from CAR

April 2007
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