Arcadia
REALTOR®
The Official Publication of the Arcadia Association of REALTORS®
PROUDLY SERVING THE REALTORS® OF ARCADIA, BRADBURY, DUARTE, MONROVIA AND SIERRA MADRE
“Department of Real Estate Becomes Bureau of Real Estate” See page 8
Introducing AVECTRA - the AAR’s New Interactive Member Portal! See page 9
C.A.R. Director Applications Now Available See page 12
JULY 2013
WWW.THEAAR.COM
VOL. 17, NO. 7
Arcadia
REALTOR®
REGULAR FEATURES 4 Events Calendar
4 From the EVP’s Desk Andrew Cooper, Executive Vice President
5 Attorney Comments Dave Freeman, AAR Legal Counsel
6 Market Matters
10 Through the Lens
A Look at What’s Happening Around the AAR
11 Affiliate Corner
“Disclosures are Like Politics”
Maria Howard, First American Natural Hazard Disclosures
Arcadia Association of REALTORS® 601 South First Avenue Arcadia, California 91006 626.446.2115 626.446.4072 FAX www.TheAAR.com
2013 ASSOCIATION OFFICERS
Andy Bencosme {President} Mike Vachani {President-Elect} Joe Pacilio {Vice-President} Jill Nelson {Secretary/Treasurer}
2013 ASSOCIATION DIRECTORS
Micah Adams Ryan Asao Roy Blume Kelvin Chang Margaret Garemore John Lee Paulina Lee Sylvia Ramos Irene Yamagata -Bermudez
2013 C.A.R. DIRECTORS
Ryan Asao Andy Bencosme Margaret Garemore George Monte Randall Traw Mike Vachani Kelvin Wong
ARCADIA ASSOCIATION STAFF Robin Allen Ext. 307 Director of Finance / Office Manager Robin@TheAAR.com Michael Beltran Ext. 302 IT Director / Webmaster Michael@TheAAR.com
07.13
{ Arcadia REALTOR® | July | Two Thousand and Thirteen | Volume Seventeen | Number Seven}
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July 2013
Brenda Faltes Ext. 304 Director of MLS Data Integrity, Supra & Social Media Brenda@TheAAR.com Jamie Hu Ext. 309 Administration Jamie.Hu@TheAAR.com Stephanie Maertens Ext. 303 Director of Education, Publications & MLS Caravan Stephanie@TheAAR.com Maria Roberts Ext. 305 Director of Membership & Professional Standards Maria@TheAAR.com Jane Shriver Ext. 301 Director of Association Services Jane@TheAAR.com Andrew Cooper Ext. 308 Executive Vice President Andrew@TheAAR.com
ON THE COVER 8 “Department of Real Estate Becomes Bureau of Real Estate” Duane Gomer’s interview with the new Commissioner Bell regarding the July 1st change to the Bureau of Real Estate. 9
Introducing AVECTRA - the AAR’s New Interactive Member Portal! A look at the new membership portal and the benefits it will bring members of the AAR.
12
C.A.R. Director Applications Now Available Are you interested in representing the AAR at the state level? Apply today!
ADDITIONAL CONTENTS 3
Committee Highlight of the Month - “Young Professionals Network Committee” A monthly highlight of one of the AAR Committees.
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Congratulations! C.A.R. Honorary Member for Life! Congratulations to Clyde Towles on his achievement!
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“How to Find, Fix & Flip California Properties” Please join us for this exciting upcoming course!
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AAR New Members The AAR welcomes its newest REALTOR® Members.
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N.A.R. Midyear Meetings, Washington D.C. A look at the recent N.A.R. business meetings.
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C.A.R. Business Meetings & Legislative Day A look at the recent C.A.R. business meetings.
“How to Find, Fix & Flip California Properties”
COMMITTEE HIGHLIGHT OF THE MONTH “Young Professionals Network Committee” By Micah Adams, Committee Co-Chairman
Many YPNers focus on social media for referrals. Facebook has recently been a hotbed for Realtor® to Realtor® referrals across the nation. Most local Associations and all state and national Associations have a dedicated YPN Facebook page for their networks. YPN members have found that can be a great way to find an agent in a specific area that their client might be looking in. In the past if we had a client who was moving out of state there were only a few options to finding an agent to refer your client. Now it’s as simple as posting in N.A.R.’s YPN Facebook page and within minutes an agent from whatever area you are inquiring about will respond or a fellow agent will “tag” someone they know who works in that area. No more calling out of state offices in hopes that the agent you left a message for will respond. The best part… Its free! If you still haven’t set up your social media or need some questions answered, talk to one of the members of the AAR YPN Committee. One of us will be happy to help you set up your account and get you on your way to managing your page.
Congratulations!
C.A.R. Honorary Member for Life
BECOME A SUCCESSFUL INVESTMENT “FLIPPER” AND EARN MORE COMMISSIONS AND PROFIT PARTICIPATION FROM COMPLETED “FLIPS”
BEFORE PURCHASED: $525,000
AFTER SOLD: $727,000
SATURDAY, JULY 20, 2013
AAR 2013 President-Elect, Mike Vachani (R) presents the Honorary Member for Life Certificate to Clyde Towles (L).
ARCADIA ASSOCIATION OF REALTORS® 601 SOUTH FIRST AVENUE ARCADIA, CA 91006
t eakfas s, en ental br Contin Mitch Maert ion ed by struct provid aertens Con M Mitch
TIME: 9:00 A.M. TO 12:00 P.M. CHECK-IN: 8:30 A.M.
COURSE COST: $29
Jay Green is the President of Real Estate Rehab Investments, Inc. and is a successful full time real estate investor and “Flipper”.
Capitalize on the hot real estate “flip” market! Learn how to flip like the pros! Discover what it takes to become a successful flipper and how to buy, rehab and resell Southern California real estate “flips”. To register, please visit www.TheAAR.com and click on the course title under “Upcoming Events”. For questions, please call the AAR at (626) 446-2115.
The Arcadia Association of REALTORS® recently welcomed Clyde Towles, Prudential California Realty into the prestigious group of California Association of REALTORS® Honorary Members for Life. Clyde was presented with his certificate at the June 19th MLS Caravan meeting at the Masonic Center. In order to achieve this status, a REALTOR® must have been a member of the Association for over 25 years and also have attained a certain age. Congratulations Clyde! He will now have his state and local annual Association dues waived for life! Arcadia REALTOR® Magazine
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July Events Calendar 1
9:00 a.m. - 12:00 p.m. - “Advanced Probate”
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10:00 a.m. - Global Real Estate Committee Mtg. 10:00 a.m.-12:00 p.m. - Beginning Zipforms Training
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No MLS Caravan
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AAR Office Closed for Independence Day
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10:00 a.m. - 3:00 p.m. - CRMLS Training
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11:00 a.m. - Tech Committee Mtg. 1:00 p.m. - 2:30 p.m. - “Facebook 102”
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8:30 a.m. - MLS Caravan 8:45 a.m. - Affiliate Committee Mtg. 9:30 a.m. - MLS Committee Mtg. 9:30 a.m. - Events 4 Charity Auxiliary Mtg. 3:30 p.m. - Equal Opportunity / Housing Affordability Committee Mtg.
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9:30 a.m. - Commercial / Investment Committee Mtg. 11:00 a.m. - Commercial Marketing Mixer
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9:00 a.m. - 12:00 p.m. - “Understanding the Living Trust”
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10:00 a.m. - 12:00 p.m. - Intermediate ZipForms6 Training 2:00 p.m. - Education Committee Mtg.
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8:30 a.m. - MLS Caravan 9:30 a.m. - Public Relations Committee Mtg. 1:30 p.m. - Local Governmental Relations Committee Mtg.
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11:00 a.m. - 12:00 p.m. - Lunch & Learn Series “Understanding FICO Scoring”
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12:00 p.m. - 1:30 p.m. - Toastmasters
20 9:00 a.m. - 12:00 p.m. - “How to Find, Fix & Flip California Properties” 22
1:00 p.m. - 2:30 p.m. - “Renovation Loans”
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1:30 p.m. - Budget and Finance Committee Mtg.
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8:30 a.m. - MLS Caravan 9:30 a.m. - Young Professionals Network Committee Mtg.
25 5:30 p.m. - 9:00 p.m. - Events 4 Charity “Smokin’ Jack” Night 26
8:30 a.m. - Board of Directors Mtg.
30
9:00 a.m. - 12:00 p.m. - “1031 Exchanges”
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8:30 a.m. - MLS Caravan
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FROM THE EVP’S DESK Mulling the Mulligan One of my wife’s college friends is turning 40 this month and the entire gang is invited to their home in La Quinta for a birthday celebration. While there, the men are planning a golf outing and they asked me to play. This is funny in itself because I don’t play golf. And what’s even funnier to me is playing golf in the California desert in the middle of July. They tried to persuade me anyway by saying they’d give me a few “Mulligans” to get me through the day. I asked if a mulligan is something that lowers the temperature by 40 degrees. Apparently it isn’t. I was was told a mulligan is when you are given a second chance to make up for a mistake or a poor shot. I wondered to myself if this is only limited to golf. I sure could use a few mulligans when it comes to buying my wife her birthday and anniversary presents. This mulligan thing got me thinking how the month of July is very significant from a business standpoint. July represents the beginning of the second half of the year. If you aren’t pleased with the first 6 months, July is the perfect time to play your “mulligan” and start over again. It’s the ultimate opportunity to make a behavioral or attitude change and to reassess your goals. You can choose to think, “Oh no, I can’t believe the year is half over already where has it gone?” or you can opt for “This is exciting – I still have half the year to produce more sales!” When you think of it in that perspective, which thought process is more conducive to positive sales activity? One of the easiest ways of igniting a behavioral change is to start participating in educational opportunities – or participating in more of them. As an association, it’s our job to provide world-class events, education and career-building opportunities for our valued AAR Realtor® and Affiliate members. As members of the AAR, it’s the responsibility you have to your business to attend these world-class events, education and careerbuilding opportunities. Year-to-date we’ve already offered 67 events to help you grow your business. How many have you attended? We promote these events with every conceivable communication tool available: standard emails, weekly e-Newsletters to Realtors® and Affiliates, Broker eBlasts, on our new and improved website, in our monthly printed magazine, at the weekly MLS Marketing Meetings, flyers in our office and lastly on now- ubiquitous social media outlets like Facebook, Twitter, LinkedIn and YouTube. I believe the only thing we might be missing is sky-writing. If you need to, we encourage you to play your mulligan before it’s too late. It’s better to start over now than to regret it in six months, when the year is already over. On behalf of the AAR staff and 2013 Board of Directors, we all wish you a prosperous and successful last half of 2013. We look forward to seeing you at one of our many events very soon.
Andrew Cooper
Executive Vice-President
July 2013
Attorney Comments July 2013
By Dave Freeman, Association Counsel 1. LOAN MODIFICATION AND SHORT SALES: An important point that I have not mentioned in my previous discussions of this subject is a, “Catch 22”. Most of the time, when a party applies for a loan modification or short sale, the lender involved instructs the borrower to stop making payments on the loan. As the loan modification or short sale process takes a great deal of time, sometimes a year or more, a great deal of back payments are eventually due, when the loan modification or short sale is approved or turned down. At this point, the borrower is unable to catch up or cure the back payments, thereby starting a foreclosure process. I have seen this situation occur numerous times, putting even large earners in foreclosure situations, which are difficult, if not impossible, to rescue. The solution is to instruct and strongly encourage your clients in similar situations to set up a separate account (similar to a trust account), where the monthly payments are paid on a regular basis into this account until the loan modification or short sale process is completed. Thus, the borrower will be able to retain the home without foreclosure jeopardizing the successful or unsuccessful modification/short sale
DON’T MISS WHAT’S COMING!
process. 2. TAXES – EQUITY SHARING: In today’s market, many potential home buyers don’t have the credit to qualify for a loan, while others have the credit and desire to invest, but already own their residence. These two parties sometimes get together and enter into an agreement that is loosely called an “Equity Sharing Agreement”. It may be called by any name, but certain factors are important to consider. The IRS looks to the party who is on title to the property for the tax benefits and deductions. If the property goes up in value or falls, or goes into foreclosure, the parties may have a dispute over benefit or liability. Please alert your clients to these possibilities, and encourage them to have a comprehensive written agreement as to the responsibilities, liabilities and profitability’s, and the relative split of same. As the tax benefits and profitability/liability are very important to the parties, be sure they both consult with their separate C.P.A.s and attorneys to advise concerning and to draw up the agreement. It is much more complicated than meets the eye, if one party wishes to live in the property and pay the monthly payments and expenses, while the other party is the principal investor.
3. BUYER REPRESENTATION AGREEMENTS: Experienced agents are well aware of this dilemma and the difficulty of protecting their commissions. The problem is: Many buyers will have you show them many properties and expend much of your time, effort and money, and upon finding the ideal property will have their brother-in-law or sister-in-law or friend write up the contract for them, thereby cutting you out of the commission. The solution is having your potential buyers execute a Buyer Representation Agreement. There are two such agreements available to you through C.A.R. documents, exclusive and non-exclusive. While it may be difficult to get your clients to execute this agreement, many agents do on a regular basis, and many agents refuse to waste countless hours of their time showing properties to parties who refuse to sign the agreement. The agreements can be used for a particular buyer, a particular property and can be exclusive or non-exclusive. The questions becomes: do you have something better to do with your time and what are the chances that this buyer will go around you once you have found the perfect property for them?
For more information on upcoming AAR classes and more, visit www.TheAAR.com and click “Upcoming Events” Arcadia REALTOR® Magazine
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Market
Matters
Market Statistics for the San Gabriel Valley Single Family Homes
City Alhambra
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Zip Code 91801
May 2013
Condominiums
Sales of Price % Single Family Price Median Chg from Homes SFR ($1,000) May 2012 13
$612
32.1%
SFR Only
Price Median Price & Median Condo Chg from Home Price/ ($1,000) May 2012 Sq. Ft.
Sales Count Condos 9
$400
3.1%
$409
Alhambra
91803
9
$445
20.3%
1
$346
19.3%
$357
Altadena
91001
43
$505
1.2%
2
$960
239.2%
$385
Arcadia
91006
29
$938
9.0%
8
$565
-8.9%
$473
Arcadia
91007
27
$1,300
37.9%
14
$455
16.1%
$557
Azusa
91702
36
$315
27.5%
15
$290
53.0%
$264
Duarte
91010
22
$385
31.6%
4
$371
35.6%
$299
El Monte
91731
6
$338
14.0%
3
$275
-38.6%
$318
El Monte
91732
16
$339
17.5%
12
$283
-25.6%
$277
El Monte - South
91733
11
$320
14.3%
3
$265
n/a
$264
Glendora
91740
19
$379
22.3%
2
$305
10.9%
$270
Glendora
91741
33
$602
1.7%
2
$488
43.6%
$311
La Ca単ada Flintridge
91011
26
$1,050
-12.5%
1
$675
n/a
$483
La Verne
91750
35
$455
14.9%
7
$390
38.1%
$293
Monrovia
91016
24
$475
20.3%
9
$465
47.6%
$357
Pasadena
91101
n/a
n/a
n/a
13
$455
32.7%
n/a
Pasadena
91103
20
$590
27.4%
9
$505
1.2%
$389
Pasadena
91104
31
$635
26.2%
2
$348
49.7%
$426
Pasadena
91105
14
$941
3.4%
10
$693
13.7%
$498
Pasadena
91106
15
$693
-4.5%
19
$420
13.5%
$469
Pasadena
91107
28
$738
32.9%
14
$409
-12.0%
$419
Rosemead
91770
26
$404
17.1%
3
$406
60.2%
$357
San Gabriel
91775
28
$647
11.7%
1
$360
-47.1%
$406
San Gabriel
91776
21
$503
41.7%
7
$418
19.4%
$379
San Marino
91108
16
$2,300
51.8%
n/a
n/a
n/a
$755
Sierra Madre
91024
14
$762
15.1%
2
$629
69.9%
$446
Temple City
91780
33
$625
7.3%
6
$589
58.0%
$433
Source: DQNews.com
July 2013
AAR New Members The Arcadia Association of REALTORS® would like to formally welcome our newest REALTOR® members!
AAR new members with Membership Committee Vice-Chairman, Cindy Shiao; Committee Chairman, Alma Aguilar and AAR 2013 President, Andy Bencosme are (in no particular order): Martin Alon, Century 21 Adams & Barnes; Jill Askren, Coldwell Banker Arcadia; Kristin Boyd, Keller Williams West Foothills; Fernando Cao, ENM Realty; Jennifer Chan, Highland Real Estate; Agnes Chu, AmerEstate Realty, Inc.; Justin Chua, Century 21 Ludecke Inc.; Richa Duggal, Coldwell Banker Dynasty Temple City; Yumi Hernandez, Real Estate Alliance; Eric Ho, Century 21 Dynasty; Marcella Houston, Century 21 Adams & Barnes; Jingpeng Hu, Highland Real Estate; Herbert Huang, Dilbeck REALTORS; Susan Huang, Coldwell Banker Arcadia; Cheng-Wen I, IRN Realty; Deanna Ko, Coldwell Banker Arcadia; Phillip Le, Conquest Realty; Dorothy Lee, Highland Real Estate; James Li, Castlewood Corporation; Chang Liu, Long Dragon Realty; Arthur Ma, A Group Enterprises Incorporated; Lin Peng, Highland Real Estate; Charles Provenzano, Long Dragon Realty; Soni Rajpoot, Century 21 Adams & Barnes; Kwochain Shih, IRN Realty; Yao Sun, Highland Real Estate; Chung Tong, Coldwell Banker Arcadia; Nancy Wong, Highland Real Estate; Wei Zheng, Grandmark Realty Inc. and Michelle Zhuang, Highland Real Estate.
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(626) 831-8862 www.morrisoninspects.com Arcadia REALTOR® Magazine
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“Department of Real Estate Becomes Bureau of Real Estate” Duane Gomer’s Interview with Commissioner Bell
Department of Real Estate Commissioner Wayne Bell was appointed by Governor Jerry Brown in February. He is the first employee of the DRE to be appointed Commissioner. Commissioner Bell allowed me to conduct a live, in-person, one hour plus, no questions barred, in-depth interview. This article is based on that interview. 1. Question: “What is the Governor’s Objective in GRP2 in relocating the Department of Real Estate to the new Business and Consumer Services Agency in lieu of its current location?” Background: As of July 1, 2013, the Department of Real Estate became the Bureau of Real Estate. This change is one of many included in Governor Brown’s Government Reorganization Plan #2 that was approved by the Little Hoover Commission and codified by the State Legislature in 2012. Answer: Governor Brown’s objectives were to promote effectiveness, and more efficiency, therefore saving money and enabling more functional governing. Some redundancy of operation will be eliminated. A couple Agencies were eliminated and Bureaus and Departments were reassigned. 2. Question: The new name will be Bureau of Real Estate under the Department of Consumer Affairs under the new BCSA (Business and Consumer Services Agency), and DRE will be grouped with some very diverse groups. How will this affect your department as to staffing, enforcement, etc.? Answer: The core functions of the DRE, Enforcement, Licensing and Subdivisions should not be affected. With the re-grouping of different Bureaus some administration functions might be combined but not to the detriment of the public. Some of the diverse groups to be under the new DCA include the Appraisers, Funeral Directors, Pest Control, Chiropractors, Barbers, Veterans, Appliance Repair, etc. This is designed to promote greater administration efficiency, coordination, and
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July 2013
uniformity. 3. Question: What do you consider possible benefits of the change? Answer: The DCA has an outstanding program of Basic and Advanced Investigator Training, and a Division of Investigation that has the power to arrest, search, issue warrants and issue Notices to Appear, etc. These factors should allow us to improve and enhance our enforcement procedures and efforts. We currently spend about 65% of our budget on enforcement activities to protect the public, with a focus on unlicensed activities, Loan Modifications and Foreclosure Scams, plus licensee violations. Also, DCA has some robust Mediation programs, and an efficient Call Center that should be extremely beneficial to the BRE. 4. Question: Will licensees have to get new business cards after July 1st, to change DRE to BRE? Answer: No. We have more urgent things to do from a public protection standpoint than enforce such technical and minor matters. Just change it when you get new cards. DRE links will still work after July 1st so clients can check your license status. 5. Question: Any final comments? Answer: Our main focus in Enforcement will be to investigate unlicensed people, and licensees acting improperly. Our staff will have additional training, and we hope that they will be able to work more efficiently. We will greatly appreciate the support of all licensees and concerned non-licensees with regard to providing assistance in our Enforcement efforts. This interview was edited and shortened due to spacing constraints. Full copies of the interview can be obtained at the AAR. This interview was conducted by Duane Gomer Seminars: an Education/Seminar firm located in Mission Viejo. For more information, contact them at (800) 439-4909 or email them at info@DuaneGomer.com
N.A.R. Midyear Meetings, Washington D.C. By Ryan Asao, Immediate Past President This year, the N.A.R. Midyear meetings were packed with Directors meeting on Saturday and was also a well-qualified exciting events as thousands of REALTORS® throughout the candidate! nation stormed the Capitol to fight for homeowner rights. The As part of N.A.R.’s Strategic Planning Committee this year, I theme this year was Homeownership Matters. N.A.R. is the was involved in preparing a report for our directors regarding voice of both its members and N.A.R.’s new “crowdsourced” the American homeowner and strategic planning initiative called supports the lobbying efforts REThink the Future of Real Estate in Washington D.C. It also (find out more information at builds the relationships we rethinkfuture.com). have in Congress. I, and other representatives for the Arcadia There was also exciting news about Association of REALTORS®, RPAC that week as N.A.R. released met with Congresswoman Judy a new app called the REALTOR® Chu, U.S. Representative for Action Center! Since 1969 RPAC California›s 27th congressional (REALTOR Political Action district and Congresswoman Committee) has been the voice of Grace Napolitano, U.S. AAR Representatives with Congresswoman Judy Chu are (L to R): REALTORS® on Capitol Hill. This Representative for California›s Kelvin Wong; Mike Vachani, 2013 President-Elect; Ryan Asao; new app is a way for N.A.R. to 32nd congressional district. Congresswoman Judy Chu; Andrew Cooper, AAR Executive Vice make it easier for you to invest in During our meetings, we President and Randall Traw. RPAC, respond to Calls for Action, discussed issues such as see your RPAC investor level, and mortgage interest deduction, preserving the mission and the much more. Download it today to find out how to stay up to purpose of the FHA program and restructuring Fannie Mae & date with all the latest laws that will affect your business and Freddie Mac. We also encouraged the return of private capital N.A.R. hot issues! and the preservation of other homeownership tax policies. On top of all our lobbying efforts, we also had a N.A.R. Presidential Race that was narrowly won by Tom Salomone of Florida. He will be the 2014 N.A.R. First Vice President. Jim Helsel of Pennsylvania ran from the floor at the Board of
Look out for our first AAR RPAC event coming soon! If you are interested in getting involved in this new Committee, please feel free to call me at (626) 253-4557.
Introducing AVECTRA - the AAR’s New Interactive Member Portal!
which you have an active role.
•
Be linked to your committee’s profile page
•
View committee details and manage your profile based on your role with the committee
•
View a listing of all active and past members, and send targeted e-mail communications to each
• The Committee Management feature allows you to interface with fellow members on committees for
Upload, download and read all documents linked to that committee
The AAR launched AVECTRA on July 1st! Each month we will highlight some of the great member features AAR members can now do – all in one place!: •
Keep track of your DRE record and license expiration date
•
Manage all of your event and class details from the event profile screens. The ‘My Events’ portal allows you to easily identify and track all events you’ve registered for from one location.
•
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through the lens
A Look at What’s Happening Around the AAR
Toastmasters Open House
Arcadia Relay for Life
Commercial Marketing Mixer
Annual Membership Breakfast 10
July 2013
Affiliate Corner
“Disclosures are Like Politics” By Maria Howard, First American Natural Hazard Disclosures
Disclosures, like politics, are “local” (think City and County). Regardless of which side of the deal an agent is on, success is directly tied to the ability to understand and address the concerns of the buyer. The Buyer cares most about local amenities that will enhance the enjoyment of a new home—and local issues that will limit it! A “local” issue is not a lofty intangible policy from Washington, D.C.., or a legislative action in Sacramento. A local issue is typically a condition or restriction enforced by City Hall or the County Seat that limits or prevents an owner from improving a property. For example, a local storm sewer chronically backs up and floods nearby property. Or, a scenic canyon above the neighborhood has a history of debris flows during wet winters. Or, a suspect fault was recently recognized by the Department. Those local hazards won’t show up on the
regulatory Federal and State hazard maps. They’re not statutory FEMA flood zones or earthquake-triggered landslide or active fault zones. But they limit the use and enjoyment of a property just the same! City and County General Plans often contain hazard maps that regulate or restrict an owner’s ability to improve real property. Don’t let the buyer’s dream of a new pool or room addition – and your professional liability- be damaged by a City or County hazard zone that blocks the permit approval. Ask your NHD provider, “What exactly do you mean by LOCAL?” Many companies loosely label a State or Federal map as “local” because…well, your city happens to be somewhere on it. This fails to warn the buyer, or protect the seller, when the City later denies a building permit. For information on this and more, contact Maria Howard, First American Natural Hazard Disclosures at (626) 940-9716.
“C.A.R. Business Meetings & Legislative Day”
The California Center and Jim Association of Crawford from REALTORS® Norm Haley Real recently held their Estate, were selected Annual Legislative at random from Day followed by our membership business meetings to take the trip to of committees, Sacramento and forums, and Board participate in Leg of Director’s Day. Upon their meetings. return from the trip AAR representatives at the C.A.R. Leg Day are (L to R): George Monte, Randall Traw, Approximately they were also each Margaret Garemore, Andy Bencosme, 2013 President; Camelia Vera, Mark Ramos, Joe 1,500 REALTORS® given an iPad Mini Pacilio, Alma Aguilar, Sen Wang, Kelvin Wong, Irene Truong, Jim Crawford, Sylvia Ramos, converged on at the weekly MLS Roy Blume, Fred Madjar, Kelvin Chang, Ryan Asao, Andrew Cooper, Executive Vice the Sacramento Caravan. To qualify President and Mike Vachani, 2013 President-Elect. Convention Center for the contest, to hear about issues members had to pay affecting the real estate industry and our state. their dues prior to December 31, 2012 and also contribute $50 to become a PEPster (Politically Elite Participant). The AAR had a large contingent of REALTORS® take part in Legislative Day and the business meetings that followed. Two This was a very successful trip and we would like to thank all of of the group were winners of the Local Government Relations our volunteer REALTORS® who participated in representing the Committee’s PEPster Contest. Sen Wang from Pacific Realty membership of the AAR and the clients they serve. Arcadia REALTOR® Magazine
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Arcadia Association of REALTORS® 601 South First Avenue Arcadia, California 91006
C.A.R. Director Applications Available!
The AAR is accepting applications to represent the AAR as 2014 California Association of REALTORS® (C.A.R.) Directors. For more information on the requirements and to obtain an application please visit the AAR website www.TheAAR.com and click on the appropriate scrolling window on the home page or call the AAR at (626) 446-2115. Deadline to submit an application is July 19th.
Dedicated to Providing High Quality Legal Services ®
• 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
12
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