Arcadia REALTOR Magazine - October 2014

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}

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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

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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

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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.

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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

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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

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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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