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HUD Letter Allows Percentage Plus Flat Fee Commission

A real estate broker’s commission may be determined using a percentage of the sales price, a flat fee, or a combination of both, according to a recent letter from HUD’s General Counsel Helen Kanovsky. The February 26th, 2010 | Tags: , , , | Category: Press Release | Leave a comment

Learn the NEW RPA-CA Form Early! An Event You Don't Want to Miss!

Dear C.A.R. Member:

The NEW California Residential Purchase Agreement and Joint Escrow Instructions Form (RPA-CA) will be released on April 28, 2010!

Are you prepared to represent your clients with this new form? Prepare early and learn about the NEW CHANGES to the RPA-CA form to better serve and protect yourself and YOUR [...]

C.A.R.’s Southern California Home Buyer’s Fair

Steve Goddard – 2010 C.A.R. President

Dear REALTOR®,

In an effort to support REALTORS® and educate consumers about current opportunities in today’s real estate market, C.A.R., in participation with the Los Angeles Times, will present the Southern California Home Buyer’s Fair for consumers Saturday, March 13, and Sunday, March 14 at the Los [...]

Your Membership, Your Way - February 2009

SAVING YOU TIME

We’ve enhanced our C.A.R. Member Legal Services to help you find answers to your legal questions as quickly as possible.

  • Updated Legal Blog: The C.A.R. Legal Blog is a forum where you can have your legal questions answered by C.A.R. attorneys. Submit questions by clicking on the “Ask New Legal Question” link on the blog and submit your question as a comment. Answers to questions on the blog are provided in the comment section below the question. You even can submit follow-up questions or comments to the answers if desired. Click here to access the newly revised Legal Blog.
  • C.A.R. Legal Webinars and Videos: We do our best to keep you informed about the legal issues that impact your business. In case you missed a recent legal webinar, or want to see what new legal videos we have to offer, click here.
  • Automated Legal Hotline: E-mailing your legal questions is now even simpler! You can submit your Legal Hotline questions easily with our new automated Legal Hotline service. You no longer have to wait on hold–simply fill out the form and one of our attorneys will call you back to discuss your question in more detail.

Don’t spend your time searching for market trend statistics. We’ve put all the data in one place for you. Click here to find out what we learned from the 2009 housing market by reading our most recent TRENDS in California Real Estate newsletter. It’s free for members.

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
IS IT TOO LATE FOR YOU…Did you wait too long to become
an REO listing agent? Not if you take action NOW. Millions of REOs
need listed & sold. Becoming an REO Agent is easier than you think.
Watch the FREE how to list REOs video now, grab your free book!

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Continue reading: Your Membership, Your Way – February 2009

Protecting Mortgage Interest Deduction

On February 1, President Obama released his budget proposal for 2011. Consistent with its proposed FY 2010 budget, the Administration’s again has recommended limiting the value of the mortgage interest deduction (MID) for upper income taxpayers by, in effect, converting the deduction to a 28% tax credit for those individuals currently in the 33% [...]

Save Up to $349 When You Earn Your ABR® Designation!

The CALIFORNIA ASSOCIATION OF REALTORS® and the Sacramento Association of REALTORS® present

NAR’s Accredited Buyer’s Representative (ABR®) Designation Core Course

Earn your ABR® designation to increase your revenue and further your career in real estate. An NAR Designation helps the best and the most dedicated REALTORS® in the industry distinguish and brand themselves through specialized niche markets to nearly double their earning potential.

Save up to $349 when you register for the upcoming class on Monday, March 8 and Tuesday, March 9, 2010!

Complete the ABR® Designation Core Course and receive a rebate to complete the Short Sales and Foreclosures (SFR) elective course for FREE* (a $99 value)!

Plus! The $175 application fee for the SFR course is waived until March 31, 2010.

Plus! Receive a $75 discount off the suggested retail price of $295.

Equals a savings of $349!

The ABR® designation is a two-day course designed for real estate buyer agents who want to focus on working directly with buyer-clients. When you decide to earn your ABR®, you gain:

  • Valuable real estate education that elevates your skills and knowledge in the eyes of homebuyers.
  • Ongoing specialized information, programs and updates that help you stay on top of the issues and trends to successfully represent homebuyers.
  • Access to REBAC members-only marketing tools and resources, which provide an additional competitive edge.

To receive the ABR® designation, you must complete the two day core course and successfully pass the exam, as well as complete one elective course (separate fee) and five transactions (closed any time before the core course or three years thereafter, or combination thereof).

To view an overview of the ABR® designation, course objectives, and course outline, please visit http://www.car.org/education/designations/abr/.

Continue reading: Save Up to $349 When You Earn Your ABR® Designation!

There is Still Time to Submit Your MASTERS CLUB Application

” Late applications will be accepted until the last business day of June ” [...]

Did you know that the Masters Club was originally called the Million Dollar Club?

I learned this news as I was interviewing Marge Reid of Lyon Real Estate. She qualified for this club in 1969, which was the first year she was in real estate. Soon thereafter, the name of the club was changed to the Masters Club because the public mistakenly thought the REALTORS® were earning one million dollars!

Marge has continued in her strong sales and has qualified for Membership every year. She spends 50-60 hours per week working and credits all of her business to her satisfied clients sending her referrals. She also gives back to the community by serving on the public relations committee at UC Davis Medical Center. Three of her family members are also Lyon agents with over 20 years in the business.

Marge has 6 children and 13 grandchildren. Her goal has been to work hard so that she can plan family trips. Her favorite was a recent trip to Disneyland where she surprised everyone as 26 family members boarded a plane to spend Christmas at Disneyland.

In her spare time, she enjoys golfing. For Marge, the real enjoyment of her long career in real estate is solving problems – she thrives on these challenges and says that the more complicated the problems the better. She hasn’t lost her enthusiasm for real estate even in these challenging times.

Continue reading: Did you know that the Masters Club was originally called the Million Dollar Club?

Game Changer Program

How would you like to give your buyer or seller an Auxiliary Membership in the REALTOR® organization?

What if that Membership included a basket from you with gift cards and discounts worth $250?

What if SAR set up informative pages on our website that your customers and clients could reach by linking through your website?

And what if SAR sent quarterly follow ups to your customers and clients with pertinent information and useful coupons as though they were coming from you?

In response to a challenge by the National Association of REALTORS® for local associations to come up with Game Changing Ideas, SAR submitted plans for an Auxiliary Membership and was one of 14 selected from over 200 applicants.

That selection gives us a grant and the services of a national consultant to develop and implement the Idea by May when NAR meets again and will expect a report on the Auxiliary Membership.

Benefits to You
By enrolling your consumer upon their signing of a listing agreement or buyer agency agreement, you will be given the $250 gift basket and an Auxiliary Membership card to present to them. Through your site, they will gain Auxiliary Member only access to sacrealtor.org where we will post relevant housing statistics, market conditions, tips for buying or selling their home, the steps they can expect to go through with you in the transaction, news of legislation affecting their private property rights and a look at Sacramento, its schools and amenities.

Continue reading: Game Changer Program

January Shows Decreased Activity, Median Price Remains Higher Than Year Ago

A seasonally normal decrease in home sales signaled the open of the 2010 Sacramento real estate market. The 1,159 home sales in January are a 29.7% decrease from the 1,648 sales of December. The trend continued year-to-year, showing a 24.8% decrease from the 1,542 sales of January 2009. The winter months affected the distribution [...]