REALTOR®
OFFICIAL PUBLICATION OF THE ARCADIA ASSOCIATION OF REALTORS®
PROUDLY SERVING THE REALTORS® OF ARCADIA, BRADBURY, DUARTE, MONROVIA & SIERRA MADRE
lume
, Roy B t n e d i s e r 2016 P 12 See page
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ARCADIA REALTOR® · JANUARY/FEBRUARY 2015 NOVEMBER/DECEMBER 2016 · ARCADIA REALTOR®
Cooper’s Comments
REALTOR® 2016 ASSOCIATION OFFICERS Roy Blume 2016 PRESIDENT Sylvia Ramos PRESIDENT-ELECT Kelvin Chang TREASURER Joseph Pacilio IMMEDIATE PAST PRESIDENT BOARD OF DIRECTORS Ryan Asao Julie Bencosme Cecil Griffin Fred Madjar Yvonne Rosas-Petty Irene Truong Mike Vachani
C.A.R. DIRECTORS Ryan Asao Andy Bencosme Julie Bencosme Roy Blume Margaret Garemore Joseph Pacilio Sylvia Ramos Randall Traw Mike Vachani Kelvin Wong
ASSOCIATION STAFF
Robin Allen Ext. 307 Director of Finance / Office Manager Robin@TheAAR.com Michael Beltran Ext. 302 IT Director / Webmaster Michael@TheAAR.com Brenda Faltes Ext. 304 Director of Membership & Professional Standards Brenda@TheAAR.com Jamie Hu Ext. 309 Director of MLS Data Integrity & Affiliate Liaison Jamie.Hu@TheAAR.com Stephanie Maertens Ext. 303 Director of Education & Commercial Real Estate Stephanie@TheAAR.com Natasha Poon Ext. 301 Membership Services Manager Natasha@TheAAR.com Laura Thai Ext. 304 Director of Broker Compliance & Member Outreach Laura@TheAAR.com Andrew Cooper Ext. 308 Chief Executive Officer Andrew@TheAAR.com
ARCADIA ASSOCIATION OF REALTORS® 601 South First Avenue Arcadia, California 91006 626.446.2115 PHONE · 626.446.4072 FAX www.TheAAR.com 2
The Gift that Keeps on Giving Wealthy and successful entrepreneurs share an important common denominator: they all have written, laser-focused goals and business plans (ok, computer generated is fine too). Having ambition and best intentions simply doesn’t cut it. Those uber-successful entrepreneurs will always tell you that only a crystal-clear and written plan on how to achieve your ambitions is critical to the success of you and your career. There’s a saying you may have heard before, “A goal without a detailed plan is just a wish”. When we take those goals out of our heads and commit them to paper, something transformational happens. It turns something that’s not real into something that we can see and touch and understand. As an organization, the AAR too is fully committed to detailed business plans. We create clearly defined and written goals each time we put together our Strategic Plan. One of the goals defined in our current plan was to reach 2,300 REALTOR® members by the end of 2016. We’re very proud to announce that we already achieved our goal of over 2,300 REALTOR® members back in September. This wasn’t achieved by merely wishing we wanted 2,300 members. It was achieved by hard work and executing on the deliverables that were detailed in the plan. It started with a wish, turned into a written, detailed plan and it culminated in achievement. Think of what your business would look like at the end of 2017 by turning your wishes into reality! For a great article on how to create a business plan please see the scrolling banner on the home page of the AAR website: www.TheAAR.com To bring full-circle the salient points of this article, please allow me to share an interesting story I read in a book aptly titled “Goals” written by Brian Tracey: In a 10-year time-lined Harvard University experiment, a graduating class from the university was asked about their goals after graduation. The experiment called for following up with the same graduating class 10 years later. It was determined that those students whose goals were only in their heads were earning twice as much as the students who had zero goals at the time of graduation. However, those students who had clearly defined and written goals were earning an astonishing 10 times as much as the other two groups combined! This holiday time, why not give yourself the gift that will continue to give back to you and your family for years and years to come by creating that million-dollar business plan? On behalf of your 2016 Board of Directors and your dedicated AAR staff, we wish you a joyous and healthy holiday season. We’re looking forward to what is already promising to be an exciting 2017. Cheers to your wealth,
ARCADIA REALTOR® · NOVEMBER/DECEMBER 2016
Andrew Cooper Chief Executive Officer
NOVEMBER/DECEMBER 2016 | VOLUME 20 | NUMBER 6
Contents 7
11
12
On the Cover
Regular Features
12 President’s Farewell and Year in Review A look at all that has occured in the AAR this year and a farewell from 2016 AAR President, Roy Blume.
Additional Content
2
Cooper’s Comments
4
Market Matters
7
5
Attorney Comments
11 Home Equity Conversion Mortgage An FHA reverse mortgage that is designed for homeowners of 62 years of age and older.
6
Through the Lens
9
Affiliate Corner
Andrew Cooper, Chief Executive Officer
Market Statistics for the San Gabriel Valley
Dave Freeman, AAR Legal Counsel
AAR New REALTOR® Members The AAR welcomes its newest REALTOR® Members of 2016.
A Look at What’s Happening Around the AAR
“Understanding Your Insurance Policy” Linda Moore, S. Sanders Company Insurance NOVEMBER/DECEMBER 2016 · ARCADIA REALTOR®
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Market Matters Market Statistics for the San Gabriel Valley - September 2016 Single Family Homes
City
Arcadia Arcadia Duarte El Monte El Monte Glendora Glendora Monrovia San Gabriel San Gabriel San Marino Sierra Madre Temple City
Zip Code
91006 91007 91010 91731 91732 91740 91741 91016 91775 91776 91108 91024 91780
Condominiums
Sales of Price Price % Sales Single Family Median SFR Chg from Count Homes ($1,000) Sept. 2015 Condos
36 23 18 6 14 17 24 23 16 12 14 11 20
$1,129 $1,210 $438 $420 $415 $500 $658 $662 $729 $636 $1,980 $1,078 $751
39.8% -20.1% -16.7% -6.5% 6.0% 6.4% -2.4% -3.0% -5.0% 10.2% -6.5% 13.5% 5.0%
SFR Only
Price Median Price & Median Condo Chg from Home Price/ ($1,000) Sept. 2015 Sq. Ft.
5 15 7 2 8 4 3 6 3 3 0 1 0
$655 $540 $425 $355 $417 $429 $430 $507 $502 $468 n/a $725 n/a
-14.1% -0.9% 19.4% 13.2% 10.2% 22.4% 22.2% 18.3% 57.4% -12.1% n/a 85.5% n/a
$552 $560 $392 $439 $345 $369 $405 $484 $448 $408 $811 $552 $461
Market Statistics for the San Gabriel Valley - October 2016 Single Family Homes
City
Arcadia Arcadia Duarte El Monte El Monte Glendora Glendora Monrovia San Gabriel San Gabriel San Marino Sierra Madre Temple City 4
Zip Code
91006 91007 91010 91731 91732 91740 91741 91016 91775 91776 91108 91024 91780
Condominiums
Price % Sales of Price Chg from Single Family Median SFR October Homes ($1,000) 2015
31 16 13 5 8 20 29 21 11 11 11 7 25
$999 $1,343 $475 $360 $445 $513 $659 $635 $598 $590 $2,000 $927 $689
ARCADIA REALTORŽ ¡ JANUARY/FEBRUARY 2016
-5.7% -22.4% 12.0% -26.5% 9.1% 15.3% 2.9% -14.2% -18.0% 3.1% -13.0% -4.6% 1.3%
Sales Count Condos
7 13 7 0 20 4 7 11 1 1 0 1 9
Price Median Condo ($1,000)
$775 $610 $449 n/a $372 $363 $549 $438 $377 $370 n/a $315 $662
SFR Only
Price & Chg from Median October Home Price/ 2015 Sq. Ft.
6.5% 9.1% 24.7% n/a 3.5% -21.2% -5.8% 13.8% -23.1% -30.2% n/a -61.7% 11.4%
$501 $595 $392 $347 $311 $385 $383 $477 $545 $468 $888 $603 $460
Source: CoreLogic.com
Attorney Comments
By Dave Freeman, Association Counsel
Investment Property Write-Off A recent federal case held that a broker could deduct rental losses from his taxable income, only if he actively participated in the rental activities. When audited, the broker presented a couple pages of scribbled, undated notes, and failed to successfully argue the sufficiency of the notes. Whether a broker, agent or other landlord, one must keep reasonably meticulous records of the time spent managing the property, if the plan is to use the property as a write-off. The IRS only allows such deductions to a person who is actively involved in the management of the property, not a passive investor.
Buyer - Early Occupancy There is a new form available, an addendum for use where the Buyer will be moving in prior to close of escrow. It discusses some of the main issues that arise in this situation, where the risk of loss due to fire or other catastrophe changes hands. It is extremely important that an adequate, written agreement be struck and signed prior to early move-in. (If the Buyer’s occupancy prior to close is expected to exceed 30 days, an Interim Occupancy Agreement, CAR form IOA, should be used). However, the risks of early move-in remain very great, even with the best of documents. The loan may fail, someone may be hurt, fire or water may gut the property prior to close, and the list goes on. If the Buyer fails to close, and won’t vacate, what then? Experienced attorneys and brokers will strongly advise against an early move-in by the Buyer under any circumstances.
Water-Conserving Fixtures A new law requires that owners of single family residences built prior to 1994 install water conserving plumbing fixtures. Included are toilets that use more than 1.6 gallons of water, urinals that use more than 1 gallon, showerheads with a flow capacity of more than 2.5 gallons per minute and indoor faucets emitting more than 2.2 gallons per minute. The law requires compliance as of the first of the year, but if the residence is being sold prior to compliance, this fact must be disclosed to the buyer. If you represent the buyer, you might negotiate that the seller comply by the close of escrow, or the cost of compliance be deducted from the sale price for the buyer to comply with the new law.
NOVEMBER/DECEMBER 2016 · ARCADIA REALTOR®
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through the lens E4C Smokin’ Jack IV
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A Look at What’s Happening Around the AAR
2016 Legislative Reception
ARCADIA REALTOR® · NOVEMBER/DECEMBER 2016
Randall Traw Farewell Event
2017
IMPORTANT DATES OF THE
Annual Membership Dues are Due - (For 2017 - 12/30/16) & (For 2018 - 12/29/17) Quarterly MLS Fees are Due - 3/31, 6/30 & 9/29 Installation Event of Officers & Directors - 1/20 Lunar New Year Celebration - 2/1 E4C Charity Bingo - 3/24 E4C Charity Golf Tournament - October 2017 (Date: TBD) E4C Smokin’ Jack V - 11/9 zipForm Training in English & Mandarin - (Monthly) CRMLS Training - (Monthly)
Quarterly MLS Fees are due on the Following Dates: 12/29, 3/31, 6/30, 9/29 NOTE: They are due and payable no later than these dates, if paid after, a $20 re-connect fee will be implemented.
Property Taxes are Due - 2/1 & 11/1 (All other Classes & Events are TBA)
Handy Phone Numbers CalBRE - 877.373.4542 CAR - 213.739.8200 CAR Legal - 213.739.8282 7
CAR Finance Helpline - 213.739.8383
CRMLS - 800.925.1525 NAR - 800.874.6500
www.TheAAR.com 601 S. First Ave. Arcadia, CA 91006 ARCADIA REALTOR® ·~JANUARY/FEBRUARY 2015
realtor.com - 800.878.4166 Supra - 877.699.6787 zipForm - 213.739.8272
~ 626-446-2115 ~ Fx. 626-446-4072
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ARCADIA REALTOR® · JANUARY/FEBRUARY 2015
AFFILIATE Corner “Understanding Your Insurance Policy”
Safeguarding your tangible property assets is ensuring they are properly protected. Take time to check you are properly insured. We understand that you might not be interested in reading the fine print of your insurance policy. But since an insurance policy is a legal contract between the insured-you or the entity being insured-and the insurer, it’s important for you to understand policy basics. Reading your policy helps you verify that the policy meets your needs and that you understand all parties’ responsibilities if a loss occurs. Learn more about each part of your policy in this easy-tounderstand overview of insurance policy basics.
Declarations Page
The declarations page is usually the first part of an insurance policy. It identifies who is an insured, what risks or property are covered, the policy limits, and the policy period (e.g., time the policy is in force).
By Linda Moore, S. Sanders Company Insurance Exclusions
The next section you’ll typically encounter will name exclusions. Exclusions take coverage away from the insuring agreement. There are three major types of exclusions: • Excluded perils or causes of loss • Excluded losses • Excluded property Typical examples of excluded perils under a homeowners insurance policy are flood, earthquake and nuclear radiation. A typical example of an excluded loss under an automobile insurance policy is damage due to wear and tear. Examples of excluded property under a homeowners insurance policy are personal property such as an automobile, a pet or an airplane.
Conditions
For example, the declarations page of an automobile insurance policy will include the description of the vehicle covered (e.g., make and model, VIN number), the name of the person covered, the premium amount, and the deductible-the amount you will have to pay for a claim before an insurer pays its portion of a covered claim.
The conditions are provisions inserted in the policy that qualify or place limitations on the insurer’s promise to pay or perform. If the policy conditions are not met, the insurer can deny the claim. Common conditions in a policy include the requirement to file a proof of loss with the company, to protect property after a loss and to cooperate during the company’s investigation or defense of a liability lawsuit.
Insuring Agreements
Definitions
The insuring agreement summarizes the major promises of the insurance company and states what is covered. In the insuring agreement, the insurer agrees to do certain things, such as paying losses for covered perils, providing Reading your policy certain services or agreeing helps you verify that the to defend the insured in a policy meets your needs liability lawsuit. There are two and that you understand basic forms of an insuring all parties’ responsibilities agreement:
Most policies have a “definitions” section, which defines specific terms used in the policy. It may be a standalone section or part of another section. In order to understand the terms used in the policy, it is important to read this section.
Endorsements and Riders
• Named-perils coverage, under which only those perils specifically listed in the policy are covered. If the peril is not listed, it is not covered.
An insurer may change the language or coverage of a policy at the time of the policy renewal. Endorsements and riders are written provisions that add to, delete or modify the provisions in the original insurance contract. In most states, the insurer is required to send you a copy of the changes to your policy. It is important that you read all endorsements or riders so you understand how your policy has changed and if the policy is still adequate to meet your needs.
• All-risk coverage, under which all losses are covered except those losses specifically excluded. If the loss is not excluded, then it is covered.
Linda Moore, S. Sanders Company Insurance. License #0249077. For more information, contact Linda at: 626-755-1124 or prisizoe@gmail.com.
if a loss occurs.
Know Your Insurance
NOVEMBER/DECEMBER 2016 · ARCADIA REALTOR®
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Welcome, New Members!
NEW REALTORS® DECEMBER 2016 George Ambrose, Re/Max Premier Prop. San Marino; Darin M. Campbell, VasTree Real Estate; Yeo L. Chiang, Keystar Realty; Betty Chiu, Highland Real Estate; Tony K. Chou, Keller Williams market Center; Xiaoye Dong, Highland Real Estate; WanYing Fan, Century 21 Village Realty; Qiang Fu, Supreme Investment Corporation; YingMei Hong, Kingston Realty; Wei Ting Hsu, Highland Real Estate; Chavona M. Kirkwood, Keller Williams market Center; Mabel Kumala, IRN Realty; Eric Lee, Kingston Realty;
Jeff Lee, Jeff Lee, Broker; Jason Leung, HomeSmart Realty; Kwai M. Leung, Treeline Realty & Investment; Dan Li, Berkshire Hathaway Home Services; Qun Connie Liao, Re/Max Omega; Waqqas M. Nazir, Coldwell Banker Dynasty T.C.; Nicole W. Pong, Coldwell Banker George; Olya T. Rahmanian, Coldwell Banker George; Jessie A. Roberts, Coldwell Banker George; Luis R. Romo, Dilbeck Real Estate; Frances Sheng, Treeline Realty & Investment; Thanh Jenny N. Tang, Coldwell Banker New Century; Lei Tong, Echain Realty;
Fernando Tsai, United Real Estate Los Angeles; Wei Wang, Highland Real Estate; Yanni Wang, Treeline Realty & Investment; Yuqing Wang, Long Dragon Realty Group, Inc.; Matthew J. Wong, Century 21 Masters; Eugene Y. Wu, Treeline Realty & Investment; Xiaomeng Xu, Highland Real Estate; Ross Young, Ross Young, Broker; Daniel R. Zamora, Dilbeck Real Estate; Hao Zhang, Supreme Investment Corporation; Emily L. Zhou, American Sunbeams Group, Inc.; Chendi Zhu, REVA
Also shown: Ryan Asao, 2016 AAR Membership Committee Chairman; Julie Bencosme, 2016 Membership Committee Vice-Chair; Joe Pacilio, 2015 Past President and Larry Kallis, 2016 Grievance Committee Vice-Chair.
Primelending offers a wide variety of loan products Whether you are a first time homebuyer or looking to refinance your current mortgage, We can offer you step-by-step personalized guidance throughout the entire loan process.
Call for the best choice in home loan options! Diane Balsamo Senior Loan Originator Direct: 626-755-5764 10
dbalsamo@primelending.com NMLS: 482962
ARCADIA REALTOR® · MAY/JUNE 2016
• FHA Loans • Conventional Loans • Renovation Loans
• Jumbo Loans • Rate Float Down • Refinancing Programs
Home Equity Conversion Mortgage What is HECM?
It’s a Home Equity Conversion Mortgage or better known as a Reverse Mortgage Program. This program is offered by the Department of Housing and Urban Development (HUD) and is insured by the Federal Housing Administration (FHA). Did you know that a HECM reverse mortgage can be used to buy a home. This can make it easier for your clients to downsize to a house that better suits their needs. Improve their financial situation by not draining their assets, or to move closer to their family. With a HECM loan, your client will never have a mortgage payment as long as they live in the home. However, the homeowner must maintain the property, pay property taxes, hazard insurance, and any homeowner’s association fees.
Who qualifies for a reverse mortgage?
Any US citizen or permanent resident 62 years old or better can buy any single family home, condo and multi-family homes up to 4 units. To qualify for the loan, either spouse will need to be at least 62 years old, have a cash down payment of approximately 50%, which can come from the sale of existing property retirement account, or other verified funds, and cannot be in the middle of a foreclosure, recently had a short sale on a FHA loan or have an open bankruptcy.
What cost and fees are required?
Loan closing costs for a reverse mortgage are the same as what you would pay for a traditional “forward” mortgage like origination fee, appraisal, escrow and title fees, hazard insurance, inspections recording fees. Most closing costs can be financed as part of the mortgage.
What are some of the advantages?
You will never owe more than the value of the home, even if the value of the home declines. If the heirs decide to sell the home, all they pay off is the full loan balance. You will continue to own your house and never be forced to leave as long as the home is maintained and the property taxes and insurance are paid.
What are some of the disadvantages?
You may use up a part of the home equity over time and have less to leave as inheritance to the family. If the homeowner has not lived in the property for more than a year, the loan balance will need to be repaid.
Why a reverse mortgage can be good:
This is not just another mortgage product. It’s a financial, cash-flow tool for retirees. It gives retirees more purchasing power if they don’t want to drain all their assets. A reverse mortgage for purchase allows older Americans to buy a house that better suits their needs without draining all their retirement assets into it which would be the case in an allcash transaction. It also lets them avoid dipping into their monthly fixed income. Which would occur if they took out a traditional mortgage. Maureen McCune, Mortgage Loan Consultant, NMLS #284640 The Mortgage Group 626-991-4656 NOVEMBER/DECEMBER 2016 · ARCADIA REALTOR® 11
FAREWELL MESSAGE & YEAR IN REVIEW By Roy Blume, 2016 Arcadia Association of REALTORS® President “Looking Back…” In August of 2010 I took the real estate license exam. I passed!! I never imagined that I would become the President of the AAR. It started with the encouragement of a few members. Some of my peers would always tell me to join committees at the association and to go to the weekly MLS Caravan to network. I kept thinking to myself they want me to drink the Kool-Aid. My first taste came when I attended the New Member Orientation at the AAR. While at the front desk, Jeanne Keating, President of the AAR at the time introduced me to Mary Rovarino, the AE, and the next thing I know, Mary offers me a ticket to the CAREPA Installation. I had no idea what this even was. Jeanne told me that I should attend since it would be a good opportunity to meet people in this business. It’s all about relationships she says. I attended the installation and got a taste of what organized real estate was. One of my mentors, Ryan Asao, introduced me to several people that evening. That evening inspired me. As I started my new career I joined the Commercial and Investment Committee since commercial real estate was part of my background. I met some of my mentors, namely George Monte, Past President and Mike Vachani, future President at the time. I learned that your real estate license was not just for selling homes, but to get involved in organized real estate and that you have a voice in this industry. As I attended CAR® meetings, I realized how powerful our voice is and that we have a say in what happens to our industry. We as REALTORS® can influence our business. I climbed the leadership ranks at the AAR so I could help our members, new and old, with education and show how important it is to be involved in our association. Teaching others and explaining to our members what we can do to stay in the transaction, as Ryan Asao says, has been a passion for me. 12
Everyday companies such as Zillow, Google, and Amazon, to name a few, are trying to change the way we do real estate with apps and programs. Remember that real estate is a relationship business. Our business is built on personal one-on-one relationships. The internet is a tool if used correctly when looking for real estate. You have read the studies; most home buyers start their search online. Once they find a home or community they are interested in, we get the call to take them home, no pun intended. By being the best at what we do, being ethical and professional is what is going to keep REALTORS® in the business of home selling and buying. Staying informed of change and continuing to learn how we can be better at what we do such as marketing, prospecting, changes in escrow, and finance laws is what the AAR has offered to our members. Not just during my tenure but throughout the history of the AAR. We are recognized throughout the industry for being one of the best REALTOR® Associations in the country. We are known globally as a premiere real estate association partly because of our outstanding NAR® President Liaisons that we have. We have held some of the best classes on how to do business with foreign investors. We are partnered with the San Gabriel Valley Economic Partnership which gives us great information for this area. The AAR does a great job in educating our members to do real estate. We also educate our members to understand what RPAC, the REALTORS® Political Action Committee and how important this is to our industry. RPAC is the best way to protect your business. These funds are needed to react to issues that can oppose home ownership and real estate investment. On the state level the RAF (REALTOR® Action Fund) is needed to support candidates for elected office who understand REALTOR® issues. This has been one of my objectives as your president. We held a YPN Epic Water War Challenge at the Rosemead Water Park to raise RPAC awareness. State Senate Elect Anthony Portantino stopped by to explain how important it is to be involved in local political affairs and the impact that we have. What an event and what a success! Our YPN
ARCADIA REALTOR® · NOVEMBER/DECEMBER 2016
Committee Chaired by Shirley Chen and Vice-Chaired by Irene Truong and Jessica Soo has amazed me with the events they put on this year. Events such as Charaoke, in which the proceeds were donated to the Relay for Life Cancer Society, was epic. A Top Producers Agent panel was held on the outdoor rooftop of Chase Bank in Pasadena. Education and networking… “It’s what they do…” Our Commercial and Investment Committee held their Annual Commercial Day. This year we had many of the representatives from our local communities discussing investment and development. Monthly education meetings and network events are held at the AAR building with topics that our members can use in their everyday business practices. Our Community Outreach & Housing Opportunity hosted many events this year. This committee does an amazing job in our communities promoting the AAR and “Why Hire a REALTOR®” theme. Hugo Torres and Daniel Petty were our Easter Bunnies this year. Our Global Committee Chaired by Val Wong did an outstanding job this year. I was honored to accept the Platinum Award on behalf of the AAR at the NAR® meetings in Orlando, Florida. This is the 3rd consecutive year the AAR has earned this prestigious achievement. I cannot thank our Education Committee enough (Chaired by Julie Bencosme). From weekend education panels to round table discussions, it is all about how to educate our members to become the best. What we really do at the Arcadia Association of REALTORS® is we give back. Our members volunteer on committees, the Board of Directors and at community events. It is so awesome to look back at the year and remember seeing our members manning the booths at the Sierra Madre Parade, the Taste of Arcadia, Monrovia Street Fair and all the events that our committees put on year after year. Nobody is paid to sit there and promote the AAR or real estate, we do it to give back so our community, citizens and members see that it is important to be involved in real estate. It is not just about selling homes but more about building lasting relationships. CNN Money reached out to me this year to do a story on Arcadia and why it is called the “Chinese Beverly Hills” to foreign buyers. We could highlight one of our members Suzie Koo of RE/MAX Omega. She spent the day shooting some of the most beautiful homes in Arcadia while she
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spoke of the award-winning Arcadia School District and the wonderful community we serve. I hope some of you caught the episode. Thank you to Suzie for volunteering several days of your busy schedule to highlight our city. It is all about giving back. We volunteer our time to make sure that real estate continues to grow the way we know it. I have had a great year building relationships. I have met some incredible people across the country and across the globe by attending NAR® and CAR® meetings and events. I remember attending a leadership round table. I was explaining our weekly MLS Caravan meeting and I was met with stares and astonishment. I came to realize that our caravan is rare. We should not take our caravan for granted. We are one of the few in the country that still has a weekly caravan. Make sure you support our Affiliates because they are important to us and to you. If you do not attend on a regular basis, you are missing out. Relationships start there. Committee involvement is another area in which you should give a try. There are so many committees that you can find on our website www. TheAAR.com. Come by and visit, you may get hooked. I did… In closing, I have had an incredible year serving as your President. The accomplishments of this association are many, all earned by our committee volunteers with the support of an incredible staff. I would like to thank our CEO Andrew Cooper for his guidance and support. I would like to thank Robin, Stephanie, Brenda, Laura, Jamie and Natasha for always being there for me. A special thank you to Michael Beltran who stood by #POTAAR and many events and many photo ops. You are a great sport and I hope that you will do the same for our incoming President Sylvia Ramos. I applaud my Board of Directors for great engagement (some heated, but necessary) and a great year. I am truly honored that I could serve as your President in 2016 and represent the Arcadia Association of REALTORS®. “Looking forward” to the continued success of the Arcadia Associaion of REALTORS® and all of its members.
Roy Blume
2016 President of The Arcadia Association of REALTORS®
ARCADIA REALTOR® · JANUARY/FEBRUARY NOVEMBER/DECEMBER 2015 2016 · ARCADIA REALTOR®
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Arcadia Association of REALTORS® 601 South First Avenue Arcadia, California 91006
The Arcadia Association of REALTORS® Cordially Invites you to Attend the
ANNUAL INSTALLATION
OF OFFICERS & DIRECTORS
“ Building Relationships” JAN
20
2017
DoubleTree Hotel 924 W. Huntington Dr. Monrovia, CA 91016
Sylvia Ramos
2017 President
& 2017 Board of Directors 11:15am - 12:00pm - Reception 12:00pm - 2:00pm - Lunch, Ceremony & Awards
$45 per ticket - $450 table of 10 Purchase Tickets at the AAR (626) 446-2115 or Purchase Tickets Online www.TheAAR.com
• Estate Planning • Trust Administration • Probate • Business Law • Commercial Transactions • Corporation, LLC & Partnership Formations • Business Contracts
Call today for a free consultation
Romy S. Rahmanian, Attorney
(626) 869-8787 33 East Huntington Drive • Arcadia, CA 91006 romy@rahmanianlaw.com • www.RahmanianLaw.com
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