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NAR Approved Amended Bylaws 18Nov09
Redlined Compare to Gov Doc 12June09
DETAILED SUMMARY OF AMENDMENTS TO BYLAWS OF SOUTHWEST RIVERSIDE COUNTY ASSOCIATION OF REALTORS® 2010 MEMBERSHIP VOTE
The amended Bylaws of the Southwest Riverside County Association of REALTORS® (SRCAR) incorporate the National Association of REALTORS® (“NAR”) mandated and discretionary changes using text from the California Association of REALTORS® (“CAR”) Model Bylaws. Additional changes approved by SRCVAR’s Board of Directors are also included.
The full text of the amended Bylaws is available on the SRCAR web site at www.srcar.org.
Questions may be directed to:
Connie Lynch, Chief Executive Officer
ceo@srcar.org
or
John V. Giardinelli or Sylvia J. Simmons, Association Counsel
The Giardinelli Law Group, APC
Telephone: 951/245-9163 Fax 951/245-9379
jvg@glawgroupapc.com or sylvia@glawgroupapc.com
The following is a summary of the amendments to the Bylaws:
Continue reading ‘Amended Bylaws of the Southwest Riverside County Association of REALTORS’ »
“What a night it was at REALTOR® Magazine’s YPN exclusive, invitation-only event on the pool deck of the Hotel Solamar.” – YPN at NAR 2009: Learning, Connecting, Having Fun. A couple of our local YPN’ers, Dane Wunderlich and Zack Smith, had their photo taken and published in the REALTOR Newspaper.
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.
How the Program Works
Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for five days.
How to Participate in Good Neighbor Next Door
Check the listings for your state. Follow the instructions to submit your interest in purchasing a specific home. If more than one person submits on a single home a selection will be made by random lottery. You must meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD’s regulations for the program.
HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this “silent second” provided that you fulfill the three-year occupancy requirement.
The number of properties available is limited and the list of available properties changes weekly.
To learn more, please see our Good Neighbor Sales Frequently Asked Questions!
http://www.hud.gov/offices/hsg/sfh/reo/goodn/gnndabot.cfm
LOS ANGELES (Nov. 5) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today commended Congress and the Senate for its swift actions in extending and expanding the provisions of the Federal Tax Credit for First-time Home Buyers. The U.S. House of Representatives earlier today voted 403 to 12 for passage, as did the U.S. Senate late yesterday. The legislation now goes to President Obama for signature.
“Over the past several months, C.A.R., the NATIONAL ASSOCIATION OF REALTORS® (NAR), and our more than 1.2 million members have repeatedly urged congressional representatives to extend and expand this crucial piece of legislation,” said C.A.R. President James Liptak. “Today’s victory for home buyers also is testament to the role REALTORS® can play when they unite for a worthy goal.
“Although ideally the legislation sent to President Obama would have applied to all home buyers, C.A.R. applauds our federal representatives for realizing the benefits of the federal tax credit and the role it has played in the ongoing economic recovery,” Liptak said. “More than 1.4 million first-time home buyers nationwide were eligible for the initial credit. We expect that number to increase dramatically in the months ahead once this new legislation is in place.”
As it now stands, the federal tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to be eligible for a tax credit of up to $8,000, while existing homeowners will be eligible for a reduced credit of up to $6,500. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years. The bill also increases the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000 in both instances.
Under additional provisions included in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The legislation maintains the provision that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order.
Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 167,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
The new November 2009 REALTOR Report is ready for your viewing! 
In this edition:
Press Release – SRC YPN Chartered
Letter from SRC YPN Chairman
CAR 2010 Market Forecaset
Revised CARETS Data Integrity Standards
CARETS Rules and Regulations Class
CAR Mortgage Updates
Event Calendar
Item of the month
Please take a moment and download the REALTOR Report:
http://bit.ly/kjGBs
Thank you,
SRCAR
Honoring those that have served or are currently serving in the armed forces, in law enforcement, as a fireman or other first responders or in honor of a loved one.
November 8-14, 2009 — Town Square Park, Historic Downtown Murrieta
The Rotary Club of Murrieta, CA in partnership with the City of Murrieta will host a 2009 Field of Honor, where visitors will behold a beautiful display of U.S. flags. These 3′X5′ flags will stand atop 8′ poles in perfect rows and columns.
This living display of heroism will fly as a temporary patriotic tribute to the strength and unity of Americans.
Please join us and walk this Field of Honor. This is the perfect opportunity for all to unite as a grateful community to remember and honor our heroes and celebrate the freedoms and security they have sacrificed to protect.
For information please go to www.murrietarotary.org or contact Frank Donahoe 951-600-0051 or George Steele 951-265-0853
The Murrieta Rotary Foundation is a 501 c 3 tax exempt organization, tax ID 33-0835459
On April 2, 2009 the Housing Affordability Fund launched a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations. Qualifying buyers can receive up to $1,500 a month for up to six months in the event of job loss, a qualified co-buyer can also receive a $750 benefit for up to six months to help pay the mortgage.
To qualify for the Mortgage Protection Program, Applicants must:
- Be a first-time home buyer – someone who has not owned property in the last three years (includes co-buyer).
- Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009 (purchase agreement cannot be dated before April 2, 2009)
- Use a California REALTOR® in the transaction
- Purchase the property in California
- Be a W-2 employee (cannot be self-employed)
MORTGAGE PROTECTION PROGRAM PRE-QUALIFY YOUR CLIENT! Due to the demand for the program, we have created a pre-qualification process that will ensure you get a policy if your client meets the program qualifications and closes escrow before December 31, 2009. Just fill out the application and submit with a copy of the qualifying executed purchase agreement – your file will be approved pending the receipt of the HUD-1 Closing statement indicating the close of escrow for your buyer.
- For a copy of the REVISED MPP Application Click here.
( This must be submitted by an active California REALTOR®) - For a REVISED list of Frequently Asked Questions Click here.
- For Examples on How The Program Works Click Here.
Terms of Use for MPP Marketing Flyer
You may download and distribute the MPP marketing flyer to your clients and customers. You may not alter the MPP flyer in any way, such as revising or adding text or graphics, and you may not copy or remove any graphics, pictures or other content in the MPP marketing flyer and use them in any other way without CARHAF’s prior written consent.
Click Here to view flyer as (pdf)
Click Here to view flyer as (jpg)
You get a new listing, you try to enter it in the system, but you get a duplicate warning…How come?
Prior to submitting a listing, MRMLS Matrix will notify you with a warning if your property already exists in the system. Per the CARETS Data Integrity Standards, entering an existing active, back-up, pending, hold or withdrawn listing is a violation.
Questions and Answers:
Q. How can I check to see if my listing is already in the MRMLS Matrix System?
A. You can check to see if your listing is already in the system in a couple different ways. The best way is to run either an “Address” or “APN” search in MRMLS Matrix.
Q. How can I report duplicate listings as violations anonymously?
A. Reporting a violation link is included at the bottom of every listing on an Agent Full display. It appears as it does below -
Note: At MRMLS, when a violation is reported, the reporting agent is given the option to submit the violation anonymously. Under no circumstances is the reporting party’s name passed on to the person in violation.
Realist tax NOW offers all property tax information throughout all of California.
Realist tax has added 58 Counties, Free Neighborhood reports and Assessors Maps!
NEW FEATURES:
- Search through all 58 California Counties
- Free Assessor’s Map
- Additional Neighborhood Reports – they include:
- Demographic data
- School Data
- Business Data
- Crime Data
