Sacramento Association of REALTORS® Web Log » Education

Communicating Your Value as a Professional REALTOR

Nelson Janes — Fri, 03 Feb 2012 16:00:33 +0000

The Oxford English Dictionary tells us that a profession involves the application of specialized knowledge of a subject to a fee-paying clientele. According to Wikipedia, a profession is a specialized occupation characterized by intensive training and subsequent licensure by a regulatory body.

The word is derived from Latin, meaning to swear an oath. That [...]

C.A.R. Legal Webinar on Wrongful Foreclosure

Stella Ling — Fri, 27 Jan 2012 18:08:22 +0000

California courts have recently been considering lawsuits brought by borrowers who claim their lenders wrongfully foreclosed on their homes. Join us on Monday, February 6, from 1 to 2 p.m., for a free, interactive Legal Live webinar to discuss these recent foreclosure cases. C.A.R. veteran attorneys, Stella Ling and Sanjay Wagle, will go over [...]

New Short Sale Law – Effective Immediately

Caylyn Brown — Mon, 18 Jul 2011 15:32:51 +0000

In a major victory for REALTORS®, Governor Brown signed into law a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder. Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders [...]

SAR Scholarship Fund

Devyn Henry — Fri, 10 Jun 2011 22:18:50 +0000

2011 marks SAR’s 49th year of awarding scholarships to deserving Sacramento area students. The Scholarship Fund was initially a $600 yearly program that provided $100 to $200 scholarships for Sacramento students attending American River Junior College, Sacramento City College, and Sacramento State College (now California State University, Sacramento). Over the years SAR has expanded [...]

REALTORS® Award $38,000 to Local Students

Janelle Fallan — Mon, 06 Jun 2011 20:06:53 +0000

When 34 area students receive college scholarships from the Sacramento Association of REALTORS® on June 7, they will join a group of students reaching back 49 years.

Their scholarships, ranging from $750 to $2500, total $38,250 this year.

“Through all the ups and downs of real estate over the years, Sacramento REALTORS® have always [...]

C.A.R.’s Your Membership, Your Way April 2011

Bonnie Becker — Wed, 30 Mar 2011 15:53:27 +0000

SAVING YOU TIME C.A.R. Enters the Blogosphere— Curious about the perils of refinancing? Longing for sage advice from a real estate lawyer? Wondering if the latest tech gadget is really worth the investment? Log on to the new C.A.R. blog (http://blog.car.org) for these and other timely posts. The resourceful blog offers [...]

Federal Reserve has Finalized Rule on Jumbo Loan Escrow Requirements

Leon Williams — Fri, 25 Feb 2011 22:51:00 +0000

Leon Williams

Federal Reserve has Finalized Rule on Jumbo Loan Escrow Requirements

The rule raises the threshold requirements for establishing an escrow account (property taxes ad insurance) on a first-lien jumbo mortgage.

The rule essentially says that if the APR on a first-lien jumbo loan is 2.5 percentaage points (previously 1.5 percentage [...]

Masters Club Corner-February 2011

Patti Martinez — Tue, 22 Feb 2011 16:00:43 +0000

We’re off and running into 2011 now with lots of REALTOR® events to look forward to in the coming year. Last year was challenging, but it surely wasn’t because the offerings through SAR were limited. A plethora of classes, seminars and workshops were offered. This year will be no different.

Besides all of the [...]

New Laws Webinar on January 10

Stella Ling — Thu, 06 Jan 2011 16:43:34 +0000

Let’s kick off the New Year with a Legal Live webinar on the new laws for 2011. California REALTORS® are invited to attend this free webinar on January 10, 2011 from 1 to 2 p.m. C.A.R. attorney Stella Ling will address 2011 laws, including the prohibition against short sale deficiencies, new disclosure requirements, and [...]

Fannie Mae Announces Energy Improvement Loan Feature

Caylyn Brown — Mon, 20 Dec 2010 23:08:15 +0000

On December 1, 2010, Fannie Mae announced an update to its selling guide that provides a new option to fund energy-efficient home upgrades while maintaining Fannie Mae’s principles of borrower sustainability. All Fannie Mae loan products are permitted to include the energy improvement feature excluding certain refinance loans. Eligible borrowers will be allowed to [...]