Defensible space is the “buffer zone” that homeowners create between a structure on the property and any flammable grass, trees, shrubs, or wildland area that surround it. There are state and local laws that require certain property owners to maintain defensible space on their property. Read The C.A.R. Quick Guide
This is a BIG Deal for First-Time Home Buyers! Fannie Mae Will be adding the history of rent payment for the 1st time buyer to its DU (Desktop Underwriter). ““Positive rent payment history” refers to a new feature, effective Sept. 18, which will allow DU to use verification of asset (VOA) reports (i.e., bank statement data) to identify recurring rent payments to potentially enhance DU’s credit assessment of prospective, first-time home buyers.” See Release Notes View the Positive Rent Payment History Facts
NAR President, Charlie Oppler discusses challenging issues that ultimately affect all REALTORS®. Mr. Oppler sets the record straight on misconceptions by some about the real estate industry. Commissions for real estate agents and brokers are negotiable. Always have been. Always will be. Let’s put that on the table right now.Charlie Oppler, NAR President Watch The Interview Read President Oppler’s Op-Ed
‘California Dreamin’ is alive and well right now if you’re selling your home. In 2020, home sellers typically pocketed a net cash gain of $210,000 from the sale of their homes. That’s a 63.8% increase from the purchase price! Thanks to PROP 19, seniors, retirees, all homeowners aged 55+, Homeowners with severe disabilities, and victims of natural Disasters can move closer to family, medical care, or to a home that better meets their needs anywhere in California without a tax penalty. PDF Flyer Flyer with Music
Workforce housing properties were acquired by the cities of Glendale and Pasadena from the issuance of more than $481.5 million in tax-exempt Essential Housing Revenue Bonds through the California Statewide Communities Development Authority’s (CSCDA) new Workforce Housing Program. The projects will be converted to rent-restricted units for low and middle-income tenants. Read Full Article…
After years of debate, the Los Angeles City Council on Wednesday, June 23, 2021, passed an ordinance giving renters new protections from landlords who harass them. The ordinance lists a number of actions that could constitute harassment, including: Reducing the services outlined in a tenant’s lease (for example, taking away a parking space) Failing to perform necessary repairs Unlawfully entering a tenant’s unit Threatening physical harm Refusing to accept payment of rent Asking tenants to disclose their immigration status or threatening to report them to authorities Other repeated acts that “substantially interfere with or disturb the comfort, repose, peace or quiet of a tenant” Tenants will be able to sue landlords for violating any of the provisions in the ordinance. Read Article To Learn More About Landlord / Tenant Rights Here are other resources mentioned in the aforementioned article. Alliance of Californians for Community Empowerment. Housing Rights Center
Buying a first home is likely the biggest financial decision a person will ever make. Here is a tool to help you educate yourself as deeply as possible before taking that momentous step. Getting Started
Read the County Assessor’s Office memo on the subject of ‘Assessor 101 – Basic Facts Property Owners Should Know’ Read Article
May 26, 2021 Hundreds of bills failed to advance last week during a rapid-fire appropriations process known as the suspense file. The suspense file process was introduced in the Legislature in the 1980s to promote fiscal responsibility by evaluating the costs and comparing bills before they reach the Assembly or Senate floor. Unexpectedly, the day before the committee hearings last Thursday, President pro-Tempore Toni Atkins and Assembly Speaker Anthony Rendon announced a new limit of 12 bills per legislator, ensuring the death of hundreds of bills. Atkins reasoned that rules requiring “increased access for people to phone in public comment” made the cap necessary. Of the 16 priority bills highlighted during the League of California Cities Legislative Action Days, 12 were placed on the appropriations committee suspense files and during those hearings, five bills had favorable outcomes for California cities. Check Out Some of The BillsAt THE...
Last year, in response to the COVID-19 pandemic, Governor Gavin Newsom issued four executive orders that extended deadlines for certain DRE licensees and pending applicants. The most recent order, N-83-20, extended some fee payment and license requirement deadlines until June 30, 2021. That deadline is quickly approaching! The Department of Real Estate (DRE) is urging licensees and examinees in the following four groups to take action now to beat the upcoming deadline: Those whose DRE four-year license expired between April 16, 2020 and June 29, 2021 Those whose DRE license “late” renewal rights expired on or after April 16, 2020 Those who applied for a license exam and are in the two-year window to schedule an exam Those who have passed their exam, but have not applied for their license Read DRE’s Full Advisory Revei | 800-582-7979 | Buy Now C.A.R. Members: FREE 45-Hour Package!
Tweeting 101. Here is a great video that came out of C.A.R.’s Legislative Day that would serve us all well!
It’s that time of the year again! BizFed has partnered with our 214 business organizations, Chambers of Commerce, Trade Organizations, and Non-Profits to survey the business community to find out what are the top areas of concern as our economy reopens. Your unique insight will guide our advocacy over the next 12 months. Help Provide Powerful Insight to Shape the Future of Business in LA County! Take the Survey Today! Importance of Taking the Survey! As a follow up to last years COVID-19 Business Impact and Reopening Survey and the Annual Pulse Poll, BizFed has combined the two polls to best understand what are the top 5 areas of concern for the business community, and most importantly, what have we learned over the past year during the pandemic. Last year we found that 50% of businesses lost over half of their projected income for the year in the first few...
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If you are a landlord who has one or more eligible renters, you can apply to get reimbursed for 80% of each eligible renter’s unpaid rent between April 1, 2020, and March 31, 2021. You are required to agree to waive the remaining 20% of unpaid rent for that specific time period. Learn about the requirements and what you need readily available before applying. Take the Landlord Eligibility Quiz About BCSH
Spread the word about NAR’s reality series First-Time Buyer, which showcases how REALTORS® guide clients through the home buying process and makes their goals achievable. Watch the show, then spread the word to your clients! Watch Series
C.A.R. partnered with ABC to be the presenting sponsor of their new documentary called “California Dreaming” airing on 2/6 and 2/13 at 9:00 p.m. on KABC-TV, Los Angeles, KGO-TV, San Francisco, and KFSN-TV, Fresno. The documentary explores the “state of the state”, pointing to the significant challenges associated with wildfires, extreme weather, earthquakes and the rising cost of living, whilst also covering all that is good about living and working in California. C.A.R. President Dave Walsh introduces the documentary, closes out the film, and is also featured within the program. In addition, our partnership includes the following: Custom C.A.R.:30 spots to air directly after the show 3-5-minute news features each day leading up to the airing Heavy promotion across channel + station websites Access to content/usage post airing Spot bank for usage during Spring flight Learn More About California Dreaming,The Future of the Golden State In case you happen to...Continue reading
Find yourself in traffic? Find yourself waiting on clients and service calls? Why not use that time to listen in on industry topics. Here is one podcast source as posted on Real Trends. Take A Listen
The brokerage cooperative that has served real estate for more than 100 years has never faced more pressure. The path forward is affirmative transparency. It’s 2021. If you operate an MLS organization, or if you’re a REALTOR® who’s involved in oversight of your MLS, there’s never been a more complex time to make decisions about the MLS’s future. In a five-part series on MLS planning for 2021, we look at questions that all MLSs should be discussing as the year unfolds. The Marketplace MLS Mandate
“My parents were active in the industry as part of the Kansas City Regional Association of REALTORS®, Kansas Association of REALTORS® and the National Association of REALTORS®. I saw the joy they took from this involvement and learned from them that the benefits far outweighed the time commitments. Little did I know, I would follow in their footsteps.” Read More This article was reprinted with permission of REAL Trends Copyright 2021