Arcadia
REALTOR®
The Official Publication of the Arcadia Association of REALTORS®
PROUDLY SERVING THE REALTORS® OF ARCADIA, BRADBURY, DUARTE, MONROVIA AND SIERRA MADRE
See pages 5
“Scott Burtz Memorial Charity Golf Classic Tournament” See pages 8 & 11
OCTOBER 2014
WWW.THEAAR.COM
VOL. 18, NO. 10
Arcadia
REALTOR®
REGULAR FEATURES 4 Events Calendar
4 From the CEO’s Desk Andrew Cooper, Chief Executive Officer
5 Attorney Comments Dave Freeman, AAR Legal Counsel
6 Market Matters
10 Through the Lens
A Look at What’s Happening Around the AAR
Arcadia Association of REALTORS® 601 South First Avenue Arcadia, California 91006 626.446.2115 626.446.4072 FAX www.TheAAR.com
2014 ASSOCIATION OFFICERS
Mike Vachani {President} Joe Pacilio {President-Elect} Roy Blume {Vice-President} Sylvia Ramos {Secretary/Treasurer}
2014 ASSOCIATION DIRECTORS
Micah Adams Ryan Asao Andy Bencosme Kelvin Chang Margaret Garemore John Lee Mark Ramos Dave Scarminach Irene Yamagata -Bermudez
2014 C.A.R. DIRECTORS
Ryan Asao Andy Bencosme Roy Blume Margaret Garemore Joe Pacilio 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
10.14
{ Arcadia REALTOR® | October | Two Thousand and Fourteen | Volume Eighteen | Number Ten}
2
October 2014
Brenda Faltes Ext. 304 Director of MLS Data Integrity, Supra & Social Media Brenda@TheAAR.com Jamie Hu Ext. 309 Administration Jamie.Hu@TheAAR.com Jane Shriver Ext. 301 Director of Association Services Jane@TheAAR.com Andrew Cooper Ext. 308 Chief Executive Officer Andrew@TheAAR.com
ON THE COVER 5
NAR’s Green Designation The AAR recently offered a 3-Day NAR Green Designation trainings. A total of 34 attendees are now green real estate leaders in our community.
8 & 11
Scott Burtz Memorial Charity Golf Classic Tournament Get the scoop on the recent annual charity golf tournament held at the lovely Glendora Country Club.
The AAR wants you to Become A...
Certified International Property Specialist N.A.R.’s International Real Estate Designation Learn how to work with foreign buyers - locally and internationally!
Join us to learn how you can get in on this ever-growing business! In these courses, you will learn how to work with people from various cultures of the world and learn what their buying habits are.
NAR Global Instructors:
May Wan
CIPS, TRC, SRES, CDPE
Fanny Chu
CIPS, TRC, SRES, SFR
ADDITIONAL CONTENT 3
AAR New Members The AAR welcomes its newest REALTOR® Members.
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YPN Diamonds & Pearls: REALTOR® Fashion Show A recap of the recent YPN Fashion Show.
VENUE:
Arcadia Association of REALTORS®
601 S First Ave. Arcadia, California 91006
COURSE PRICING: Early / Regular Bird* / Price: $120 / $139 One Class $240 / $278 Two Class $360 / $417 Three Class $480 / $556 Four Class $475 / $595 Entire Course (Five Classes) - Special Savings! * For Early Bird pricing, you must register on or before Friday, October 31st.
Coffee and tea service will be provided each day. Lunch will be on your own. There are many options nearby.
PLEASE MARK THE DAYS YOU WILL BE ATTENDING: Dates:
Time Each Day: 8:30 a.m.to 5:00 p.m.
Nov. 17 Nov. 18 Nov. 19 Nov. 20* Nov. 21
Global Real Estate: Local Markets Global Real Estate: Transaction Tools Europe & International Real Estate Asia/Pacific & International Real Estate The Americas & International Real Estate
(Note: Thursday, November 20, A Special Hosted CIPS Reception will be held at the DoubleTree Hotel in Monrovia from 5:30 p.m. to 7:00 p.m.; 924 W Huntington Dr, Monrovia, CA 91016)
Registration Information
AAR New Members
Register online at www.TheAAR.com by clicking the event name under “Upcoming Events.” For questions, call the AAR at (626) 446-2115. www.TheAAR.com ~ 601 S. First Ave. Arcadia, CA 91006 ~ 626-446-2115 ~ Fx. 626-446-4072
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 2014 President, Mike Vachani are (in no particular order): Catherine Alfaro-Ramirez, Keller Williams West Foothills; Leticia Calderon, Paramount Prop. Realty; Garrett Chan, Re/Max Elite Realty; Grace Chang, Coldwell Banker Dynasty T.C.; Joseph Chang, Grand Valley Real Estate; William Chang, William Chang; Yuemei Cheng, Coldwell Banker George; Lauren Chiang, Keller Williams West Foothills; Jimmy Chu, IRN Realty; Christine Diep, Kingston Realty; Robert Diep, IRN Realty; Hoang Do, Dolby Realty; Erin Fang, Treeline Realty & Investment; William Flannigan, Zip Realty, Inc.; Yufen Fu, Highland Real Estate; Sheng Gao, IRN Realty; Liqin Guo, Highland Real Estate; Gabriel Hall, Allison Realtors®; Dongni Heng, Coldwell Banker Arcadia; Nancy Huang, IRN Realty; Victor Huang, TNG Real Estate Consultants; Xian Huang, Coldwell Banker George; Yun Yan Huang, IRN Realty; Kirsten Jardino, Century 21 Adams & Barnes; Wei Ji, Highland Real Estate; Zhiman Jia, Skyway Investment Corp.; Dong Jiang, Coldwell Banker Dynasty Arcadia; Liu Jiang, Coldwell Banker Dynasty Arcadia; Sean Klave, Highland Real Estate; Sue Kok, Coldwell Banker George; Christopher Jung, Kingston Realty; James Larsh, Keller Williams West Foothills; Jason Lee, Coldwell Banker George; Michelle Lee, Keller Williams West Foothills; Weijie Li, Treeline Realty & Investment; Adam Lin, Keller Williams West Foothills; Jack Lin, Paul Shih Realty; Tze-Jung Lin, A & C Intl. Investment Inc.; Derek Liu, Keller Williams Realty; Guillermo Lopez, Teles Properties Pasadena; Rebecca Martin, Podley Properties; David Milton, David Milton; Tory Moon, Keller Williams West Foothills; Thomas Oushin, Podley Properties; Vivian Ouyang, IRN Realty; Michelle Palmer, ENM Realty; Andrew Picasso, MCAB Holdings, Inc.; Carol Poh, Pacific Reliance; Shaoqi Qiu, Treeline Realty & Investment; Laura Shen, Coldwell Banker George; Calvin Shih, Long Dragon Realty Group, Inc.; Jia Shimauchi, Keller Williams West Foothills; Christian Siegel, Podley Properties; Mingshu Song, Highland Real Estate; John Swanson, Evergreen Prop. Services, Inc.; Ernest Tang, Century 21 West Coast Brokers; Gongmei Tang, Re/Max Advanced Realty; Judith Tanke, Lotus Property Services, Inc.; Julianne Tokushige, Century 21 West Coast Brokers; Janet Tsay, Coldwell Banker George; Tim Vuong, Keller Williams West Foothills; Ronnie Wan, Highland Real Estate; Fei Wang, IRN Realty; Heng Laurie Wang, Coldwell Banker Dynasty Arcadia; Edward Wu, Long Dragon Realty Group, Inc.; Jianying Wu, Royal Construction & Architect; Wei Wu, Supreme Investment Corp.; Yijing Wu, Highland Real Estate; Tianling Xu, Long Dragon Realty Group, Inc.; Weimin Xu, Skyway Investment Corp.; Yingjie Xu, Kingston Realty; Shiu-Hwa Yu, Highland Real Estate; Sing Yu, Coldwell Banker Dynasty Arcadia; Wei Yu, IRN Realty; Hong Zhang, Long Dragon Realty Group, Inc. and Huabiao Zhang, Treeline Realty & Investment. Arcadia REALTOR® Magazine
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November Events M 3
10:00 a.m. - 3:00 p.m. - CRMLS Training
W 5
8:30 a.m. - MLS Caravan 9:30 a.m. - Events 4 Charity Auxiliary Mtg.
Th 6
9:30 a.m. - Commercial / Investment Committee Mtg. 11:00 a.m. - Commercial Education & Networking Session 1:30 p.m. - 2:30 p.m. - “The Code of Ethics - How to Apply it to the Daily Business of Real Estate”
F 7
10:00 a.m. - 11:30 a.m. - “The New Revisions to the Residential Purchase Agreement” 12:00 p.m. - 1:30 p.m. - AAR Speech Masters
S 8
8:30 a.m. - 5:00 p.m. - “California BRE Real Estate Exam Prep Course for Brokers & Sales Associates”
M 10
11:00 a.m. - Global Real Estate Committee Mtg.
T 11
AAR Office Closed in Observance of Veteran’s Day
W 12
8:30 a.m. - MLS Caravan 8:45 a.m. - Affiliate Committee Mtg. 9:30 a.m. - MLS Committee Mtg.
Th 13
9:00 a.m. - 5:00 p.m. - “N.A.R.® e-Pro Designation”
F 14
9:00 a.m. - 12:00 p.m. - “Planning a Commercial Purchase”
M 17
8:30 a.m. - 5:00 p.m. - Certified International Property Specialist (CIPS) Designation Courses (Nov. 17-21)
T 18
1:30 p.m. - Budget and Finance Committee Mtg. 2:00 p.m. - Education Committee Mtg.
W 19
8:30 a.m. - MLS Caravan 9:30 a.m. - Equal / Housing Opportunity & Public Relations Committee Mtg. 1:30 p.m. - Local Governmental Relations Committee Mtg.
Th 20
9:00 a.m. - 1:00 p.m. - AAR Broker Luncheon
M 24
11:00 a.m. - 12:00 p.m. - Lunch & Learn
W 26
No MLS Caravan
Th 27
AAR Closed for the Thanksgiving Holiday
F 28
AAR Closed for the Thanksgiving Holiday
FROM THE CEO’S DESK 4th Quarter Fortunes or Foibles? Hold on to your Halloween hats ladies and gentlemen - October marks the beginning of the 4th and final quarter of 2014. As we work through this 4th quarter, let’s be clear that our efforts now and until the end of the year (or our lack of efforts) will have a direct and lasting impact on our start for 2015. The AAR takes our members’ success very seriously and even though we’ve already provided a record-breaking number of classes and events this year we’ll be offering even more classes and events with a focus on legal and technology classes. The AAR is doing this in an ongoing effort to help you finish the year strongly and to help you prepare for 2015. So please read our weekly eCommunication emails now sent on Saturday mornings, this publication, our Facebook, Twitter and LinkedIn accounts and also our events calendar at www.TheAAR.com to remain aware of what we are offering. To close out this month’s article, I’d like to share an interesting story I read in a book aptly titled “Goals” written by Brian Tracey: In a Harvard University experiment, a graduating class from the university was asked about their goals they had for their life upon graduation. 10 years later, when the professors followed up with the same students, they discovered that those students who had only thought of their goals in their heads were earning twice as much as the students who had no goals after graduation. Further, it was determined that those students who had clearly defined and written goals upon graduation were earning 10 times as much as the other two groups combined. I leave you with this as a factual illustration on how important it is for us to create our goals. Let’s establish those goals starting now - If we wait until January it’s too late. On behalf of the Board of Directors and staff of the Arcadia Association of REALTORS®, we wish you strength and perseverance as you finish the rest of this year and prepare for next year.
Andrew Cooper
Chief Executive Officer
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October 2014
Attorney Comments October 2014
By Dave Freeman, Association Counsel SWIMMING POOLS - LANDLORD’S DUTY OF CARE: In a stunning decision, the Appellate court recently ruled that a landlord was responsible for protecting from the possible danger to a four year old child, who was a guest of the tenant of a rented house. The mother of the child, who was not present when the child drowned, sued the real estate agent and the landlord, but not the relatives of the child, including the father and grandmother, who were present. The court, reasoned that the landlord should have foreseen that the tenants would have guests with children and that the protection was inadequate. (There was a six-foot fence around the pool, a sliding glass door from the house and an exterior security gate, without a self-locking device). There is another case that ruled the Homeowner had no such liability, but the solution is obvious: Do what you can to prevent the danger; install a self-latching device where there may be children around a pool.
ONE BITE AT THE APPLE: Another case that appears to exhibit the court’s prejudice against landlords ruled that a landlord could not sue two of the three tenants who breached a lease, although all three tenants signed the lease making them each liable for the whole rent, up to the amount owed ( no doubling of the collection). One tenant originally sued the landlord, and the landlord cross-complained against all three, but did not serve two of them. The landlord won a large judgment vs. the one tenant (commercial lease, long term, breach), then sued the other two. The court ruled you must sue all at the same time if: - The earlier case involved the same claim. - The earlier case went to a final decision. - The (Landlord in this case) was a party in the first case. Solution: Be sure to include all possible parties that you may later want to include, at the start of the case. This is why lawsuits often include
seemingly irrelevant parties. BUYING YOUR OWN LISTING: This will get the courts on you every time, no matter how fair the deal is, if the seller later gets seller’s remorse. Don’t do it. It will appear that you took advantage of the client, didn’t properly advise of the true value and didn’t properly advertise the property. The agent lost every such case I have seen or read of, even if the client came to you and stated the price desired. The better solution is to not list the property, don’t show that you are reducing the price by the commission, and do suggest the seller consult with an unrelated (different brokerage) agent and/ or attorney. It is possible to negotiate a lower price, if there is no agent involved. But don’t make yourself the seller’s agent (with fiduciary responsibility) by showing any wording reflecting a commission.
The Arcadia Association of REALTORS® had the honor of recently offering N.A.R’s Green Designation. The National Association of REALTORS® created NAR’s Green Designation to provide ongoing education, resources and tools so that real estate practitioners can successfully seek out, understand, and market properties with green features.
Arcadia REALTOR® Magazine
5
Market
Matters
Market Statistics for the San Gabriel Valley September 2014 Single Family Homes
City
6
Zip Code
Condominiums
Price Median Price & Median Condo Chg from Home Price/ ($1,000) Sept. 2013 Sq. Ft.
Sales of Price % Sales Single Family Price Median Chg from Count Homes SFR ($1,000) Sept. 2013 Condos
Alhambra
91801
11
$602
6.6%
Alhambra
91803
11
$490
Altadena
91001
33
$615
Arcadia
91006
33
Arcadia
91007
Azusa
SFR Only
14
$417
2.8%
$392
-15.5%
4
$460
-20.3%
$396
11.8%
n/a
n/a
n/a
$430
$1,063
-1.2%
6
$590
-17.4%
$555
12
$1,405
-4.7%
11
$575
15.0%
$564
91702
29
$349
-3.5%
16
$310
-2.2%
$282
Duarte
91010
9
$407
19.0%
4
$323
-14.6%
$293
El Monte
91731
6
$395
0.0%
1
$520
55.2%
$349
El Monte
91732
5
$410
2.8%
9
$450
45.2%
$294
El Monte - South
91733
7
$415
38.3%
3
$421
23.3%
$298
Glendora
91740
12
$436
1.3%
7
$375
13.6%
$342
Glendora
91741
20
$560
-3.9%
5
$448
29.9%
$367
La Ca単ada Flintridge
91011
15
$1,468
24.4%
n/a
n/a
n/a
$610
La Verne
91750
27
$659
31.8%
5
$302
18.9%
$302
Monrovia
91016
27
$638
9.4%
5
$411
17.4%
$414
Pasadena
91101
n/a
n/a
n/a
15
$520
38.7%
n/a
Pasadena
91103
11
$740
68.2%
4
$555
27.1%
$464
Pasadena
91104
17
$650
0.8%
2
$380
-21.6%
$500
Pasadena
91105
11
$998
-25.0%
7
$670
-1.5%
$585
Pasadena
91106
7
$1,735
62.1%
26
$473
-9.6%
$612
Pasadena
91107
21
$798
11.1%
4
$515
8.9%
$507
Rosemead
91770
20
$485
7.2%
3
$377
10.7%
$388
San Gabriel
91775
29
$712
-3.7%
1
$388
-25.4%
$459
San Gabriel
91776
8
$544
2.1%
5
$392
-10.6%
$462
San Marino
91108
13
$2,380
15.2%
n/a
n/a
n/a
$857
Sierra Madre
91024
16
$744
-17.9%
2
$623
29.0%
$480
Temple City
91780
24
$663
0.5%
6
$615
10.9%
$468
Source: DQNews.com
October 2014
Arcadia REALTOR速 Magazine
7
Scott Burtz Memorial Charity Golf Classic Tournament The Arcadia Association of REALTORS Events 4 Charity Auxiliary recently hosted the AAR’s Annual Scott Burtz Memorial Charity Golf Classic Tournament. The event was again held at the Glendora Country Club in Glendora. The tournament was an amazing success in raising money which will be distributed during the holidays to many needy local charities. In addition to the money raised, all who attended had a great time! Sincere appreciation to our outstanding and hard working golf tournament Chairpersons, Stephanie LaPorte, Old Republic Home Protection and Lysette Freeman, Premium Escrow, Inc. and all the many Affiliate Members who are always there to lend a helping hand. A special thank you to the generous individuals and companies who helped to sponsor this year’s event. Our Tournament & Emcee Sponsor this year was Premium Escrow. The Beverage Cart Sponsor was Bowden Development. Hole Sponsors were First American Home Buyers Protection Corporation, Real Estate Heaven, Blume Truong Real Estate Group and LaRocca Inspection Associates. Helicopter Ball Drop Sponsor was Old Republic Home Protection and Robert Brkich Construction Corp.. We also wish to thank the many other drink sponsors and tee sponsors.
8
Tournament Chairpersons Stephanie LaPorte and Lysette Freeman
(Continued on Page 11) October 2014
YOUNG PROFESSIONALS NETWORK
REALTOR速 DIAMONDS & PEARLS
FASHION SHOW
Last month, the AAR YPN Committee held its REALTOR速 Diamonds & Pearls Fashion Show at the DoubleTree Hotel in Monrovia on Friday, September 26, 2014. This event was widely attended and was successful in raising funds and awareness for the REALTOR速 Political Party. We would like to offer a special thank you to Event Chairman, Ryan Asao, Podley Properties who worked ardently to ensure this event was a success. We also would like to thank those who attended to help with the show!
Arcadia REALTOR速 Magazine
9
through the lens
A Look at What’s Happening Around the AAR Global Mixer
2014 Taste of Arcadia
Feng Shui for REALTORS 2014 Commercial Day
Commercial Mixer
Monrovia Business Showcase 10
October 2014
Arcadia REALTOR速 Magazine
11
Arcadia Association of REALTORS® 601 South First Avenue Arcadia, California 91006 The AAR Education Committee presents
lunch & learn series A free educational series
bring your lunch and learn!
“The Code of Ethics - How to Apply it to the Daily Business of Real Estate” Presented by: Margaret Garemore, AAR Grievance Committee Chairperson
Thursday, November 6, 2014 1:30 p.m. to 2:30 p.m. Cost: FREE*
*If you register for this course and do not attend, or cancel beforehand, a $10 “No Show” charge will apply.
Arcadia Association of REALTORS® 601 S. First Ave., Arcadia, California 91006
Join us for an overview on the REALTOR® Code of Ethics
- A brief history of the inception of the Code of Ethics. - An easy & comprehensive review of the Articles that are the Code of Ethics. - A review of what to do and not do with regard to each article, including real life stories of how agents got into trouble or avoided problems. - An open discussion Q and A session.
To register, please visit www.TheAAR.com and click under the event title under “Upcoming Events” www.TheAAR.com ~ 601 S. First Ave. Arcadia, CA 91006 ~ 626-446-2115 ~ Fx. 626-446-4072
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
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