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 Caylyn Brown  Tuesday, July 28th, 2009 California Association of REALTORS® Federal Governmental Affairs Manager Matt Roberts hosted an excellent webinar on the Home Valuation Code of Conduct (HVCC). NAR, C.A.R., and SAR are listening to members, and know that HVCC caused problems in the industry.
HVCC was implemented in March 2008, after the New York Attorney General studied inflated home prices, including some in California. HVCC is not a regulation or a law, but a guideline for private businesses. The original intent was to help enhance integrity in the mortgage industry, and it was to only apply to Fannie and Freddie. C.A.R. learned from members that most loans are now subject to HVCC, because appraisal management companies (AMC’s) decided it is easier to hold all loans to the same criteria.
Continue reading: HVCC Webinar
Caylyn Brown Friday, July 10th, 2009
Yesterday, the California Association of REALTORS® reported the California Department of Real Estate (DRE) clarified the law that required DRE license numbers on business cards and all other solicitation materials intended to be the first point of contact with consumers.
Under the new Section 2773 regulation adopted by the DRE, the solicitation materials that must contain the license identification number include the following items:
- Business Cards
- Stationery
- Websites owned, controlled, and or maintained by the soliciting real estate license
- Promotional and advertising flyers, brochures, email and regular mail, leaflets, and any other marketing or promotional materials designed to solicit the creation of a professional relationship between the licensee and a consumer, or intended to induce a consumer to contact the licensee about any licensed services
Continue reading: DRE License Number Requirement Clarifications
Janelle Fallan Thursday, July 9th, 2009
Great news! Title companies are able to offer full property profiles to our Members. More great news: local REALTOR® Associations (like SAR) may receive advertising and promotions from title companies.
Background on the property profiles: the California Dept. of Insurance (CDI) issued a letter June 12 that was unclear in this respect. C.A.R.’s Governmental Affairs Dept. met with the Dept. of Insurance on July 2 and expressed concern about the interpretation of the June 12 letter and its impact on the market. The CDI said they did not intend their letter to be interpreted to prohibit property profiles, and agreed to look at the matter, recognizing the urgency and the need for immediate action. Clarification was received today. View a copy of C.A.R.’s letter to the Dept. of Insurance here. This is how C.A.R. works for your interests.
Continue reading: Title Companies Allowed to Promote and Advertise with REALTOR® Associations
Erin Attardi Monday, April 20th, 2009
I was speaking last week with Barbara Harsch, the Sacramento Association of Realtors President-Elect, and she asked me to write a blog post about a the new “Mortgage Protection Program” just introduced by the California Association of Realtors Housing Affordability Fund.
Some of you may remember from a previous post by Janelle Fallan, the Sacramento Association of Realtors raised $22,904 for CARHAF in 2008.
Continue reading: CAR Housing Affordability Fund’s Mortgage Protection Plan (CARHAFMPP)
Daniel Allen Tuesday, March 3rd, 2009
C.A.R. Vice President and Chief Economist Leslie Appleton-Young gives her “2009 California Real Estate Market Forecast” to an audience of REALTORS at the “Sacramento Association of REALTORS®” monthly Main Meeting.PowerPoint is available at: http://www.sacrealtor.org/documents/events/03-03-09sacto.ppt (12.5 MB)
March 3rd, 2009 | Tags: C.A.R., Leslie Appleton-Young, Main Meeting, Video | Category: Events, Main Meeting |
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