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 Daniel Allen  Thursday, December 23rd, 2010  2010 Installation
The Sacramento Association of REALTORS® 2010 Board of Directors was officially introduced and sworn in at a gathering of over 200 SAR Members and special guests in a colorful and festive “All Aboard” train-themed setting. Barbara Harsch addressed the theme of her tenure as “All Aboard” referring to the train that is SAR. In her analogy, she explained that volunteers are what make this train move. Barbara proved a great “conductor” for the SAR train this year.
 Crab Fest
Over 400 SAR Members and their friends and families attended the 2010 Crabfest held at the Folsom Community Center in February. In addition to the outstanding crab dinner and entertaining emcee Dave Bender, attendees also enjoyed the live music, raffle prizes, silent and live auction items and a $1,000 door prize. All proceeds benefitted the Sacramento Salvation Army. The next Crab Fest is planned for February 5, 2011 – same place, same time. Don’t miss out!
 Ethnic Chamber Mixers
Throughout 2010, the SAR Equal Opportunity/Cultural Diversity Committee organized mixers with local ethnic chambers. These mixers, which included the Russian American Media, Asian Pacific Chamber and the Indus Valley American Chamber, served as opportunities for SAR Members to interact with Sacramento’s diverse communities of business professionals.
Continue reading: 2010 In Review
Nelson Janes Wednesday, July 7th, 2010
Board Action
The Board of Directors adopted a political assessment of $49 per Member beginning with the 2011 dues cycle. This assessment is for the California Real Estate Political Action Committee. If the C.A.R. Member chooses, the assessment can go instead to the C.A.R. fund for non-candidate political purposes.
The Board also approved a new structure for the statewide MLS that will merge calREDD® with the Multi-Regional Multiple Listing Service Inc. (MRMLS). After the merger, the state’s system will be called CALMLS. An additional $750,000 was also approved for the CALMLS line of credit.
SAR Successes
- SAR received the award for raising more money for the REALTOR® Action Fund than any other large association in the state – nearly $127,000!
- SAR’s Housing Opportunity Committee also won a $50,000 grant from the C.A.R. Housing Affordability Fund. The Association will more than match that amount to launch a new program that will give grants to homebuyers needing to make energy upgrades. Watch for the announcement of this new program that will help more buyers qualify to improve the energy use and comfort of their home.
- Our newly formed REALTOR® Action Fund (RAF) Committee secured a grant from the NAR to host a fundraising event for RAF, which they did in conjunction with Legislative Day.
Committee Reports
The Legal Action Fund Trustees have reviewed eight cases and requests for funding since their February meeting. The Trustees authorized three amicus briefs.
A landmark decision by the California Supreme Court occurred in the case of Steiner v. Thexton, supported by the Legal Action Fund. C.A.R. was concerned about the impact on the RPA-CA because of the buyer’s ostensible right to cancel a contract due to the failure of a contingency without having to state a reason. The Supreme Court acknowledged C.A.R.’s concerns as expressed in a brief and indicated in a footnote that “bilateral contracts subject to a contingency, which are widely used in real estate transactions, are not affected by our holding.”
Continue reading: C.A.R. Legislative Week Meetings Report
Caylyn Brown Tuesday, January 19th, 2010
RAF Chair Rob McQuade stars in a video highlighting what the RAF Committee did in the last year to raise awareness on the importance of investing in RAF. You can also check it out at:
Caylyn Brown Tuesday, July 28th, 2009
Governor Schwarzenegger signed a package of 27 bills today (July 28, 2009) instituting a new California State Budget. C.A.R. scored a big victory for REALTORS® across the state; the signed version did not include an additional withholding for independent contractors.
During budget negotiations, a proposal surfaced that would require 3% withholding from independent contractors. If this proposal passed, when an agent closed a transaction, they are typically paid by their broker, the broker would need to withhold 3% of the commission and pay it to the Franchise Tax Board (FTB). Agents would still pay their normal quarterly estimated income tax payments to the FTB in addition to the amount withheld by the broker. When the agent filed their state income tax return the following April, they would deduct the withholdings along with the quarterly estimated tax payments from their tax liability, and in theory receive a refund for the 3% that was withheld. This would have allowed California to earn interest on your money.
Continue reading: State Budget Victory!
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2010 Installation
Crab Fest
Ethnic Chamber Mixers
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