Take advantage of your FREE entry into CALIFORNIA REALTOR® EXPO 2014

One Cool EXPO is the only place where you can sharpen your skills and gain insights into how to be an industry leader. Whether you are a new REALTOR® or a proven veteran, EXPO has something for you. Top 3 reasons to attend EXPO at the Anaheim Convention Center, October 7 – 9: 1. LEARN: More than 30 FREE thought-provoking and habit-changing sessions geared to take you to the next level of real estate. Hear from a best-selling author, an economist, and other real estate industry experts who will teach you how to move your business forward. 2. NETWORK: Visit more than 200 booths to learn about... Read more »

CAR Market Matters

Talking Points … Lower interest rates in the second quarter of 2014 failed to offset continued home price increases, lowering housing affordability statewide and in 19 of 26 counties in California, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California fell from 33 percent in the first quarter of 2014 to 30 percent in second-quarter 2014 and was down from 36 percent in second-quarter 2013, according to C.A.R.’s Traditional Housing Affordability Index (HAI). Home... Read more »

One Cool Thing

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Monthly Message from C.A.R. President Kevin Brown

Dear REALTOR, I have some good news to share with you on the legislative front. Just last week, Gov. Brown signed into law several bills.  The first bill, AB 1393 (Perea), extends tax relief on forgiveness of mortgage debt by conforming California law to federal law for the 2013 tax year.  C.A.R. supported the bill so that homeowners will not be charged state income tax when they’ve had a mortgage loan modified to reduce the principal.  Previously, the forgiven debt created by a reduction in principal (e.g., loan modification) wasn’t subject to federal income tax, but was taxable under... Read more »

Brokers Do Not Have to Retain Texts and Tweets

New law clarifies what constitutes a “record.” Assembly Bill 2136, signed by the Governor July 9, 2014, and effective January 1, 2015, will help clarify a REALTOR’S® record retention obligations when it comes to electronic communications.  In their Spring 2013 Real Estate Bulletin, the Bureau of Real Estate set in motion a need for clarification when they took the position that “texts, emails, tweets, and the like” sent or received by a licensee during the negotiation for the sale or purchase of property must be maintained under the record retention requirements of Business and Professions... Read more »

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