Greator DAOR 1st Quarter 2019 Magazine

Official publication of

greater

DOWNEY ASSOCIATION OF REALTORS

• 2018 A N N

• 2018 Annual Top Producer Awards & Installation Gala

Presidential Gavel Passed & Top Producing Award winners

1st Quarter 2019 Volume 6 Issue 1

K ET •

• new laws affecting real estate

MAR

• Mortgage fraud is on the Rise

OU

NG

• Annual Market Report

R

RT ON THE H

SI

• 2019 Greater DAOR Committees

UA L

IN THIS ISSUE:

O EP

• Fast and reliable service • We will answer your call • Close on time • Over years of experience • Residential and commercial

Adriana Solis

President / Escrow Officer Adriana@telegraphescrow.com 9519 Telegraph Rd. Suite G Pico Rivera, CA 90660 Office (562) 825-3000 Fax (562) 825-3002 Cell (323) 514-1049

www.telegraphescrow.com

GREATER DOWNEY

ASSOCIATION OF 2018 LEADERSHIP OF GREATER DAOR Executive Directors: Daniel Nevarez, President Ruben Sarinana, President-Elect Michael Berdelis, Vice President Maria Lilley, Treasurer Jeanette Baumann, Executive V.P. Directors: Jesus Guerra Maribel Chavez Jose Perez Remoun Said Luther Sanchez Esther Lee Carrie Uva Immediate Past President: Ericka Saenz

Greater DAOR Chaplain: Miriam Villanueva

C.A.R. State Directors:

Ericka Saenz, Mireya Ruiz, Michael Berdelis, Daniel Nevarez, Jose Perez, Ruben Sarinana, & Josue Barrios, Regional Chair

Greater DAOR Staff

Jeanette Baumann, EVP - evp@DAOR.com

Customer Care Department

Andrew Garcia, communications@DAOR.com Erica Ochoa, education@DAOR.com Selena Mendoza, customercare@DAOR.com

Membership Department

Julie Sartor, julies@DAOR.com Violet Pantoja, bct@DAOR.com Amanda Camarena, membership@DAOR.com Sussie Gonzalez, cs@DAOR.com

REALTORS

12073 Paramount Blvd - Downey, CA 90242 Phone: (562) 861-0915 Fax: (562) 923-9995 www.DAOR.com Monday - Friday, 9am-5pm Saturday, 9am-1pm 24/7 text support :

Text DAOR (562) 659-6730 Volume 6 - Issue 1

This publication is printed quarterly, delivered in March, June, September & December

Education Center

12069 Paramount Blvd Downey, CA 90242

Page 1 - 2 Mortgage Fraud is on the Rise Page 3-4 72nd Installation & Sponsors

SEE PAGE 3

Page 5 2018 Annual Awards Page 6 Are You A Master at Creating Value?

Page 7-10 Annual Housing Market Report Page 11-12 New Laws Affecting Real Estate Page 13-14 2019 Greater DAOR Committees Page 15 RevItUp 2019

COMMITEES Budget & Finance Committee Jason Cierpiszewski, Chairperson

Professional Standards Committee

Ernie Sifuentes, Chairperson

Oversight Committee

Vicki Spearman, Chairperson

Affiliates In Action Committee

Gloria Navarro, Chairperson

LCRC Trustees

Scholarship Committee

Local Government Relations

Grievance Committee

Michael Berdelis, Chairperson

Tyler Wirth, Chairperson

Roman Meza, Chairperson

Edwin Acevedo, Chair person

Membership/MLS Technology Committee

Lourdes Galvez, Chairperson

REALTORS Advocating for Political Progress

Jennifer Avellan, Chairperson

REALTOR Community Relations Committee Daniel Andrade, Chairperson

ON THE COVER See Page 3 & 5

MORTGAGE FRAUD IS ON THE RISE

The Corelogic risk index has continually increased for the last seven quarters.

CoreLogic® (NYSE: CLGX), a global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report. The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the CoreLogic Mortgage Application Fraud Risk Index.

The analysis found that during the second quarter of 2018, an estimated one in 109 applications, or 0.92 percent of all mortgage applications, contained indications of fraud, compared with the reported one in 122, or 0.82 percent in the second quarter of 2017.

The CoreLogic Mortgage Fraud Report analyzes the collective level of loan application fraud risk experienced in the mortgage in-

PAGE | 1

dustry each quarter. CoreLogic develops the index based on residential mortgage loan applications processed by CoreLogic LoanSafe Fraud Manager™, a predictive scoring technology. The report includes detailed data for six fraud type indicators that complement the national index: identity, income, occupancy, property, transaction and undisclosed real estate debt.

“This year’s trend continues to show an increase in mortgage fraud risk year over year,” said Bridget Berg, principal of Fraud Solutions Strategy for CoreLogic. “Because home prices are rising, and demand is strong, most mortgage fraud in this type of market is motivated by bona fide borrowers trying to qualify for a mortgage. Undisclosed real estate liabili-

“Because home prices are rising, and demand is strong, most mortgage fraud in this type of market is motivated by bona fide borrowers trying to qualify for a mortgage.”

– Bridget Berg, principal of Fraud Solutions Strategy for CoreLogic ties, credit repair, questionable down payment sources and income falsification are the most likely misrepresentations.”

Report Highlights: • New York, New Jersey and Florida remain the top three states for mortgage application fraud risk, maintaining the same positions as last year.

• All of the top 10 riskiest states showed increases in risk year over year.

• States with the greatest year-over-year risk growth include New Mexico, Mississippi, Illinois, Oklahoma and Texas. Of these, New

Mexico, Illinois and Oklahoma now have risk levels greater than the National Index, which grew from 133 to 149 yearover-year.

• The conforming loans for home purchases segment shows the greatest risk increase by loan type.

• Income fraud risk had the greatest increase year over year, followed by occupancy and transaction fraud. Property and undisclosed real estate debt showed declines in risk.

This article is reprinted with the permission of Real Trends Inc. Copyright 2018

PAGE | 2

Greater Downey Association of REALTORS® (DAOR) celebrated their 72nd Installation Dinner/Dance and 2018 Annual Top Producer Awards on February 22nd, 2019.

Daniel Nevarez was installed as Greater DAOR’s 2019 president.

As a part of Greater DAOR tradition, the immediate past president Ericka Saenz handed over the presidential gavel to our new 2019 leader.

Daniel is very excited to serve as Greater DAOR’s 2019 president!

Daniel plans on doing many great things for the REALTOR community and has served on many Greater DAOR committees in the past. His willingness and determination to serve is much appreciated by DAOR’s Board of Directors and staff.

PAGE | 3

Thank You Installation & RevItUp Sponsors

PAGE | 4

2018 Annual Awards

Overall Top Ten Offices

Top Ten Producing Greater DAOR Realtors

1ST PLACE - CENTURY 21 ALLSTARS, BROKER JOE VILLAESCUSA 2nd Place - Intero Real Estate Services Downey, Broker Oscar Mendoza 3rd Place - Century 21 A Better Service, Broker David Sarinana 4th Place - Century 21 Realty Masters Norwalk, Broker Arnulfo Ruiz 5th Place - Keller Williams Pacific Estates, Broker Nick Resendez 6th Place - 24 Hour Real Estate, Broker Mel Berdelis 7th Place - Keller Williams Downey, Broker Jason Bosch 8th Place - VIP Real Estate Frim, Broker Alex Felix 9th Place - Century 21 Peak, Manager Russell Skersick 10th Place - Century 21 Jervis & Associates, Broker Jackie Jervis Funk

1ST PLACE - NAHED BENYAMEIN, COLDWELL BANKER ALLSATARS 2nd place - Steven Padilla, Century 21 A Better Service 3rd place - Luther Sanchez, Century 21 Allstars 4th place - Kevin Messiha, Keller Williams Downtown 5th place - Douglas Carrillo, Century 21 Allstars 6th place - Anabella Jimenez, Intero Real Estate Services 7th place - Lluvia Martinez, Executives Group Real Estate 8th place - Brisa Bueno, Century 21 Allstars 9th place - Gabriela Ruiz, Coldwell Banker Allstars 10th place - Diana Hernandez, Century 21 Allstars

Top Ten Producing Real Estate Teams

PAGE | 5

1ST PLACE- MICHAEL BERDELIS, 24 HOUR REAL ESTATE 2nd place - Joe Manjarrez, Century 21 Realty Masters Norwalk 3rd place - Wonnie Kim, Kim Real Estate & Jennifer Avellan, Keller Williams Realty Downey 4th place - Ramon Sanchez, Keller Williams Pacific Estates Cerritos 5th place - Eloy Villamil, Remax Innovative 6th place- Gus Guzman, Century 21 Realty Masters Norwalk 7th place - Dale Jervis, Century 21 Jervis & Associates 8th place - Josue Ramon, Excellence Premier Real Estate 9th place - Ray Penado, Excellence RE Real Estate 10th place - Suhaila Sabir, Excellence RE Real Estate

ARE YOU A MASTER AT CREATING VALUE? Can you recognize value? More importantly, are you creating it?

By Larry Kendall, author of Ninja Selling and chairman emeritus of The Group, Inc The most successful entrepreneurs I know have one thing in common—they can recognize value when they see it. They’re always seeking value, and they are masters at creating it. They have a value mindset.

These entrepreneurs are clear on the differences between the five basic economic terms: cost, price, value, expense, and investment. Unfortunately, many in our industry have not yet mastered this skill. They confuse cost and price with value. Or, they see investment as an expense. Let’s define these five economic terms: Cost: The time and money it takes to produce a good or service. Price: The money a seller asks for the good or service. Value: What the good or service will do for a buyer relative to the price being asked. Expense: An outlay of time or money for a good or service that is consumed (used up). Investment: The outlay of time or money in expectation of future benefits or returns.

Here are two examples where these five terms got confused.

got!” It’s incredible to me how many associates have confused looks and find excuses not to make this investment. Why? They either see the $24 as an expense rather than an investment or they have a fundamental belief in scarcity. In either case, they don’t have a value mindset.

In their remarkable book, “The Go-Giver,” Bob Burg and John David Mann offer The Law of Value: “Your true worth is determined by how much more you give in value than you take in payment.”

Observe the best and brightest in our industry, and you will see the value mindset. Top sales associates are masters of articulating their value to a seller, not just their fee (price). Top companies articulate the value they are bringing to their associates. They present their office fees not as expenses but rather as the investment they are making in their associates’ businesses.

Managers and staff are viewed as investments, not as expenses, and a return is expected on these invest1. A Cost-Plus Mindset The president of a large home ments. The goal of managers and staff is to bring more building company prices his homes based on their cost. value to their sales associates than they receive in His formula is sometimes called cost-plus. He adds up compensation (The Law of Value). This mindset creates his costs, then adds a margin for profit and overhead, a value-driven organization. and that becomes his price. How do buyers buy homes?

They look at value, not cost.

Top companies and top associates have a mindset that The five components of value to a buyer are location, “everything I do and every dollar I invest should create size, condition, amenities, and price. They could care value for someone and generate a return on that investless about the builder’s costs. Do they perceive the ment.” If it doesn’t, then it is an expense and should be builder created something of value that they want to eliminated if possible. live in? Or, has he spent $500,000 in costs to build a Become a master at creating and delivering value. Have house that is only valued at $450,000 in the marketthe value mindset. place? This builder has a cost-plus mindset rather than a value mindset.

This article is reprinted with the permission of Real 2. Expenses vs. Investments. Sales associates are shown Trends Inc. Copyright 2018 a formula and convincing evidence that, if they invest $24 a year ($2 a month) staying in touch and building relationships with their customers, this formula will give them a $1,000 per year return on their investment. In our classes, I ask the question, “If you could earn $1,000 in gross commission income for every $24 you invest, how much would you invest?” The correct answer is, “All you PAGE | 6

2018 Annual Report on the Downey Housing Market 2018 Annual Report onGreater the Housing Market Detached Homes

Change from 2017:

- 1.9%

- 11.3%

- 10.1%

New Listings

Pending Sales

Closed Sales

Annual Market Activity

2014

2015

2016

2017

2018

24,697 24,218 25,194 24,161 23,698 18,330 18,257 17,003 17,786 16,202

- 1.9%

- 4.1%

+ 4.0%

+ 4.6%

- 1.9%

New Listings

+ 3.1%

- 0.4%

18,346 18,596 17,036 17,603 16,727

- 11.3%

+ 3.3%

Pending Sales

+ 4.2%

+ 1.4%

- 10.1%

Closed Sales

$597,000

+ 6.6%

$862,466

+ 8.1%

Median Sales Price in 2018

Change from 2017

Avg. Sales Price in 2018

Change from 2017

Average Sales Price

Median Sales Price

$862,466

$597,000 $560,250

$797,983

$517,000

$724,369

$470,000 $432,000

2014

PAGE | 7

$615,396

+ 8.8%

+ 10.0%

+ 8.4%

+ 6.6%

2015

2016

2017

2018

2014

$663,797

+ 7.9%

+ 9.1%

+ 10.2%

+ 8.1%

2015

2016

2017

2018

Current as of January 5, 2019. All data from California Regional Multiple Listing Service. Report Š 2019 ShowingTime. | 2

2018 Annual Report on the Downey Housing Market 2018 Annual Report onGreater the Housing Market Detached Homes

33

- 8.3%

99.5%

0.0%

Days on Market in 2018

Change from 2017

Pct. of Orig. Price Received in 2018

Change from 2017

Pct. of Orig. Price Received

Days on Market Until Sale 59

57

53

98.9%

36

2014

99.1%

99.2%

99.5%

99.5%

+ 0.2%

+ 0.1%

+ 0.3%

0.0%

2015

2016

2017

2018

33

- 3.4%

- 7.0%

- 32.1%

- 8.3%

2015

2016

2017

2018

2014

2.5

+ 19.0%

3,394

+ 5.0%

Months Supply in 2018

Change from 2017

Homes for Sale in 2018

Change from 2017

Months Supply of Inventory

Inventory of Homes for Sale

At the end of each year

At the end of each year

3.1

4,385 2.6

2.6

3,906

2.5

3,925 3,232

2.1

2014

- 16.1%

0.0%

- 19.2%

+ 19.0%

2015

2016

2017

2018

2014

3,394

- 10.9%

+ 0.5%

- 17.7%

+ 5.0%

2015

2016

2017

2018

PAGE | 8

Current as of January 5, 2019. All data from California Regional Multiple Listing Service. Report Š 2019 ShowingTime. | 3

2018 Annual Report on the Downey Housing Market 2018 Annual Report onGreater the Housing Market Detached Homes

New Listings

Closed Sales

2017

2018

Percentage Change

2017

2018

Percentage Change

1,200

1,263

+ 5.3%

1,016

938

- 7.7%

Artesia

115

110

- 4.3%

89

63

- 29.2%

Bell

55

38

- 30.9%

44

27

- 38.6%

Bell Gardens

27

33

+ 22.2%

17

26

+ 52.9%

Bellflower

382

346

- 9.4%

270

242

- 10.4%

Buena Park

531

506

- 4.7%

448

390

- 12.9%

Cerritos

308

317

+ 2.9%

244

217

- 11.1%

Compton

859

794

- 7.6%

636

592

- 6.9%

Costa Mesa

780

871

+ 11.7%

629

623

- 1.0%

Downey

722

767

+ 6.2%

524

522

- 0.4%

East Los Angeles

119

116

- 2.5%

89

76

- 14.6%

Garden Grove

831

837

+ 0.7%

692

648

- 6.4%

Hacienda Heights

455

421

- 7.5%

336

306

- 8.9%

Hawthorne

355

334

- 5.9%

302

259

- 14.2%

1,319

1,337

+ 1.4%

1,117

996

- 10.8%

Huntington Park

125

113

- 9.6%

84

68

- 19.0%

Inglewood

297

313

+ 5.4%

262

225

- 14.1%

La Habra

459

508

+ 10.7%

377

368

- 2.4%

La Mirada

437

461

+ 5.5%

365

342

- 6.3%

La Puente

591

644

+ 9.0%

482

496

+ 2.9%

Lakewood

892

900

+ 0.9%

781

756

- 3.2%

Lawndale

140

94

- 32.9%

107

76

- 29.0%

Long Beach

2,598

2,628

+ 1.2%

2,136

2,037

- 4.6%

Los Alamitos

69

81

+ 17.4%

62

70

+ 12.9%

Los Angeles

10,180

9,617

- 5.5%

7,426

6,121

- 17.6%

Lynwood

205

186

- 9.3%

139

137

- 1.4%

Maywood

33

34

+ 3.0%

23

28

+ 21.7%

Montebello

235

220

- 6.4%

170

173

+ 1.8%

Monterey Park

317

280

- 11.7%

240

199

- 17.1%

Norwalk

706

689

- 2.4%

570

538

- 5.6%

Paramount

141

111

- 21.3%

94

91

- 3.2%

Pico Rivera

335

350

+ 4.5%

282

292

+ 3.5%

Santa Fe Springs

103

101

- 1.9%

89

93

+ 4.5%

South Gate

280

284

+ 1.4%

204

200

- 2.0%

Torrance

999

998

- 0.1%

881

792

- 10.1%

Westminster

414

412

- 0.5%

341

303

- 11.1%

1,385

1,467

+ 5.9%

1,097

1,094

- 0.3%

Anaheim

Huntington Beach

Whittier

PAGE | 9

Current as of January 5, 2019. All data from California Regional Multiple Listing Service. Report Š 2019 ShowingTime. | 4

2018 Annual Report on the on Greater Housing Market 2018 Annual Repport the Downey Housing Market Detached Homes

Median Sales Price

Homes for Sale

2017

2018

Percentage Change

2017

2018

Percentage Change

Anaheim

$560,051

$595,000

+ 6.2%

126

168

+ 33.3%

Artesia

$515,000

$490,000

- 4.9%

15

13

- 13.3%

Bell

$402,500

$415,000

+ 3.1%

10

4

- 60.0%

Bell Gardens

$415,000

$444,000

+ 7.0%

7

6

- 14.3%

Bellflower

$495,000

$522,500

+ 5.6%

61

46

- 24.6%

Buena Park

$570,000

$590,000

+ 3.5%

58

61

+ 5.2%

Cerritos

$750,000

$760,000

+ 1.3%

29

44

+ 51.7%

Compton

$365,000

$400,000

+ 9.6%

131

122

- 6.9%

Costa Mesa

$829,727

$885,000

+ 6.7%

99

117

+ 18.2%

Downey

$550,000

$586,000

+ 6.5%

115

142

+ 23.5%

East Los Angeles

$415,000

$457,500

+ 10.2%

21

22

+ 4.8%

Garden Grove

$595,000

$645,000

+ 8.4%

72

77

+ 6.9%

Hacienda Heights

$641,000

$681,000

+ 6.2%

67

76

+ 13.4%

Hawthorne

$590,000

$670,000

+ 13.6%

32

40

+ 25.0%

Huntington Beach

$880,000

$910,000

+ 3.4%

139

207

+ 48.9%

Huntington Park

$415,000

$437,500

+ 5.4%

18

15

- 16.7%

Inglewood

$520,000

$590,000

+ 13.5%

41

45

+ 9.8%

La Habra

$585,000

$605,000

+ 3.4%

57

58

+ 1.8%

La Mirada

$570,000

$600,000

+ 5.3%

42

59

+ 40.5%

La Puente

$439,950

$470,000

+ 6.8%

83

94

+ 13.3%

Lakewood

$552,000

$589,000

+ 6.7%

92

87

- 5.4%

Lawndale

$534,900

$585,000

+ 9.4%

12

16

+ 33.3%

Long Beach

$610,000

$650,000

+ 6.6%

310

349

+ 12.6%

Los Alamitos

$840,000

$892,000

+ 6.2%

5

8

+ 60.0%

Los Angeles

$776,450

$886,500

+ 14.2%

1,426

1,491

+ 4.6%

Lynwood

$400,000

$422,000

+ 5.5%

38

20

- 47.4%

Maywood

$385,000

$412,500

+ 7.1%

5

3

- 40.0%

Montebello

$530,000

$560,000

+ 5.7%

45

23

- 48.9%

Monterey Park

$668,500

$700,000

+ 4.7%

38

47

+ 23.7%

Norwalk

$450,000

$480,000

+ 6.7%

89

83

- 6.7%

Paramount

$416,250

$460,000

+ 10.5%

27

15

- 44.4%

Pico Rivera

$450,000

$480,000

+ 6.7%

38

41

+ 7.9%

Santa Fe Springs

$455,000

$500,000

+ 9.9%

11

9

- 18.2%

South Gate

$410,000

$445,000

+ 8.5%

42

38

- 9.5%

Torrance

$780,000

$810,000

+ 3.8%

76

92

+ 21.1%

Westminster

$649,000

$690,000

+ 6.3%

34

48

+ 41.2%

Whittier

$515,000

$540,000

+ 4.9%

185

205

+ 10.8%

PAGE | 10

Current as of January 5, 2019. All data from California Regional Multiple Listing Service. Report Š 2019 ShowingTime. | 5

New Laws Affecting REALTORS® in 2019 BY:

JOHN V. GIARDINELLI, ATTORNEY AT LAW CASEY MCINTOSH, PARALEGAL

The California Legislature has enacted several new laws that may affect REALTORS® and their practices this year.

This month’s Courtside Newsletter provides an overview of some of those laws.

The California Legislature has enacted several new laws that may affect REALTORS® and their practices this year. This month’s Courtside Newsletter provides an overview of some of those laws.

REAL ESTATE LAW CLEAN-UP (AB 1289 & AB 2884) – REVISED C.A.R. FORMS Disclosure Regarding Real Estate Agency Relationship (AD) The California Legislature made multiple revisions to clarify what is generally known as the Real Estate Law, which were reflected in AB 1289 and AB 2884. Specifically, AB 1289 changes language in the Disclosure Regarding Real Estate Agency Relations (C.A.R. Form AD). Per the Bill’s text, it revises “the content of the disclosure form to include certain information, including seller and buyer responsibilities” as well as revises “the content of the form required to confirm real estate agent relationships.” Civil Code § 2079, et seq. is revised under these terms and Form AD now specifically states “Seller and Buyer Responsibilities.” These reflect the acknowledgment of the agent’s role and the buyer’s responsibility to “exercise reasonable care” to protect herself, “including as to those facts about the property which are known to you or within your diligent attention and observation.” The form now further states that the buyer and seller are advised to consider obtaining tax advice from a “competent professional” in relation to the potentially complex tax consequences of the transaction.

As a result of the “clean-up” law, the “third” agency form has been eliminated, as well as the requirement that it be delivered by the buyer’s agent to seller with an offer to purchase. Per C.A.R., there have also been some “plain English changes,” e.g. “Selling agent” is now “Buyer’s Agent;” “Listing Agent” is now “Seller’s Agent;” and “Purchaser” is now “Buyer.”

Buyer Representation Agreement – Exclusive (BRE) Buyer Representation Agreement – Non-Exclusive (BRNE) Buyer Representation Agreement – Non-Exclusive/Not for Compensation (BRNN) Possible Representation of More than One Buyer or Seller – Disclosure and Consent (PRBS) As a result of AB 1289, the above forms now contain an additional caveat regarding dual agency, stating that buyer

PAGE | 11

and/or seller agree that in the event of dual agency, “a dual agent may not, without the express permission of the respective party, disclose to the other party confidential information, including, but not limited to, facts relating to either the buyer’s or seller’s financial position, motivations, bargaining position, or other personal information that may impact price, including the seller’s willingness to accept a price less than the listing price or the buyer’s willingness to pay a price greater than the price offered…”

LICENSING Citizenship and Immigration Status Disclosure for Real Estate Licensees (SB 695) [Effective 1/1/2019] While SB 695 affects a multitude of California agencies, it specifically affects REALTORS® with regards to licensing requirements. Previous law requires a real estate licensee or applicant to provide, at the time of issuance of a license, his or her social security number or individual taxpayer identification number to the Department of Real Estate (“licensing board”). Under SB 695, the licensing board will be prohibited from requiring an applicant to disclose his or her citizenship or immigration status. It would also be prohibited from denying an otherwise qualified applicant a license based upon his or her citizenship or immigration status. Section 30 of the Business & Professions Code will be amended to reflect such prohibitions.

PROPERTY MANAGEMENT Unlawful Detainer—Three Day Notice to Pay Rent or Quit (AB 2343) [Effective 9/1/2019] Under existing law, if a tenant violates a lease agreement— by failing to pay rent or perform certain actions under the agreement—a landlord is entitled to pursue an unlawful detainer action to seek eviction. Mandatory to the commencement of this procedure is the 3-day notice to cure the violation or vacate the property, a.k.a. the 3-day notice to pay rent or quit. Under AB 2343, the California Code of Civil Procedure (CCP) § 1161 will be amended to exclude Saturdays, Sundays and “other judicial holidays” from being included in the period of notice. AB 2343 also amends CCP § 1167 in a similar manner, excluding Saturdays, Sundays and other judicial holidays from being calculated as part of the time a defendant has to respond to a five-day summons.

Both revisions become effective September 1, 2019.

Inspection of Decks, Balconies, Stairways & Walkways (SB 721) [Completed by 1/1/2025] SB 721 creates a new requirement for inspection of “exterior elevated elements” in buildings with 3 or more multifamily dwelling units under Health & Safety Code § 17973. Specifically, an “exterior elevated element” includes balconies, decks, porches, stairways, walkways, and entry structures that extend beyond exterior walls that are designed for human use and rely, in whole or part, on woodbased structures for support. The inspections must be done by qualified, licensed professionals prior to January 1, 2025, and by January 1st every six years thereafter. An inspection report will be provided to the owner of the building, and any emergency repairs must be done immediately.

Non-emergent repairs must be completed with 120 days of receipt of the inspection report. The inspector providing the report will notify the local enforcement agency and the owner if the building does not comply with repair requirements within 180 days. A civil penalty from $100-$500 per day will assessed until the repairs are completed.

Protections for Victims of Domestic Abuse (AB 2413) [Effective 1/1/2019] AB 2413 creates new protections for victims of domestic violence, stalking and abuse with regards to the landlord/ tenant relationship. Specifically, it: • voids any provision in a lease agreement that prohibits or limits, or threatens to prohibit or limit, a tenant or person’s right to summon emergency assistance as a victim of abuse or emergency, or on behalf of a victim of abuse or in an emergent situation. Such lease provisions are found to be in opposition to public policy and therefore unenforceable.

• Prohibits a landlord from terminating tenancy or

failing to renew a lease agreement based on acts against a tenant or tenant’s household that constitute domestic violence, sexual assault, stalking, human trafficking or elder abuse. However, the acts must have been both documented and the perpetrator named in the documentation does not live in the same dwelling unit.

• The landlord may terminate or decline to renew tenancy if the victim invites the perpetrator to the property and the landlord believes that the perpetrator posts a threat to other tenants or guests on the property.

Rent Limitations During State of Emergency (AB 1919) [Effective 1/1/2019] While there are already provisions in place protecting consumers against price gouging during a declared state of emergency, this new law adds Section 8588.88 to the Government Code to afford protections to renters. Specifically, during a state of emergency, it is now a misdemeanor for a person, business or other entity to increase the rental price charged for housing by more than 10%. “State of emergency” can include, but is not limited to, an earthquake, flood, fire, riot, storm, drought, plant or animal infestation or disease, or other natural or manmade disaster, and such a state can be declared by the President, Governor or local governing entity with vested authority to do so.

In an effort at brevity, not all new laws are covered here. As always, we encourage you to seek qualified legal counsel should you have any questions or concerns regarding the law and how it affects your real estate practice.

This article is reprinted with the permission of Real Trends Inc. Copyright 2018

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8505available E. Florence Ave.,American Downey, CA 90240 | Inc. Branch NMLSon#242234 | atAFN NMLS #237341 *Not in all areas.

Financial Network, is not acting behalf of or the direction of HUD/FHA or the federal government. Borrowers must continue to make property tax, insurance, and other maintenance order to Network, avoid riskInc. of default.

American Financial Network, Inc. is of licensed by or the California Department Borrowers of Businessmust Oversight under the California Law *Not available in all areas.payments AmericaninFinancial is not acting on behalf of or at the direction HUD/FHA the federal government. continue to make property Financing tax, insurance, License (60DBO49916) and holds a CA Bureau of Real Estate, Real Estate Broker’s License (01317581) under Nationwide Mortgage Licensing System identifier 242234.

Broker is performing and other maintenance payments in order to avoid risk of default. American Financial Network, Inc. is licensed by the California Department of (NMLS), Businessunique Oversight underofthe California Financing Law acts for which a licenseand is required.

Loans made arranged to Broker’s California Financing Law. Refer to Nationwide http://www.nmlsconsumeraccess.org/ input NMLS identifier #237341 to see where AFNisisperforming a licensed License (60DBO49916) holds a CA Bureau ofor Real Estate, pursuant Real Estate License (01317581) under Mortgage Licensing Systemand (NMLS), unique of 242234.

Broker lender. all states, the principal licensed office or of arranged Americanpursuant Financialto Network, Inc. is 10 Pointe Drive, 330, Brea, CA 92821; Phone: (909) 606-3905 (NMLS ID#237341).

This information to acts forIn which a license is required.

Loans made California Financing Law. ReferSuite to http://www.nmlsconsumeraccess.org/ and input NMLS #237341 to see where AFNis isintended a licensed assist Estate Brokers, Agents,licensed and other Industry Professionals, andNetwork, is not an Inc. advertisement consumer credit as CA defined in Phone: 12 CFR (909) 1026.2(a)(2). information is notThis intended for consumers and lender.Real In all states, the principal office of American Financial is 10 Pointefor Drive, Suite 330, Brea, 92821; 606-3905This (NMLS ID#237341). information is intended to may not beEstate duplicated or Agents, disseminated to the public.Professionals, and is not an advertisement for consumer credit as defined in 12 CFR 1026.2(a)(2). This information is not intended for consumers and assist Real Brokers, and other Industry may not be duplicated or disseminated to the public.

PAGE | 12

2019 GREATER DAOR Committees

Budget and Finance Committee:

Carrie Uva, Vicki Spearman, Sossi Gabriel, Chairperson Jason Cierpiszewski, Ericka Saenz, Mireya Ruiz. NOT PRESENT: Mario Acevedo

LCRC Trustees:

Carrie Uva, Chairperson Michael Berdelis, Josue Barrios, Sossi Gabriel, Ericka Saenz, Mireya Ruiz. NOT PRESENT: Edwin Huber, Kirk Cartozian

Oversight Committee:

Jason Cierpiszewski, Mario Acevdo, Steve Roberson, John Lacey, Helen Lancaster, Vicki Spearman, Ericka Saenz

Greater DAOR Committees are now formed and meeting. Greater DAOR leaders and staff would like to thank everyone who volunteers. There is no other profession that volunteers, and helps others like a REALTORÂŽ

Community Relations Committee:

Vicki Spearman, Esther Lee, Sandra Carnet, Toni Stewart, Helen Lancaster, Chairperson Daniel Andrade, Irma Salgado, Maria Lilley

PAGE||13 13 PAGE

Grievance Committee:

Mario Mariscal, Chairperson Edwin Acevedo, Josue Romon, Robert B Hernandez, Jerry Lohman, Alex Sanchez. NOT PRESENT: Andrea Jimenez, Natalie Romo, Soledad Gutierrez, Gorgette Solano, Maria Cuadors, Esmeralda Rivera, Armando Martinez

Local Government Relations Committee:

Chairperson Tyler Wirth, Carrie Uva, Luther Sanchez, Lina Salgado, Flor Martinez, Alex Saab, Josue Barrios, Lourdes Galvez. NOT PRESENT: Rene Luna, Ed Perez

RAPP Committee:

2019 Influencers:

Edwin Acevedo, Eloy Villamil, Mario Mariscal, Robert Colangeli, Janeth Pazmino. NOT PRESENT: Joe Manjarrez, Monica Rivera, Ernesto Flores, Mario Acevedo

Professional Standards Committee:

Carrie Uva, Josue Barrios, Sandra Carnet, Jesus Guerra, Alex Sanchez, Chairperson Jennifer Avellan

Chairperson Ernie Sifuentes, Alex Saab, Dennis Saab, Edwin Huber, Jeff Worthy, Jason Cierpiszewski, Helen Lancaster, Lina Salgado, Mireya Ruiz. NOT PRESENT: Diane Sanchez, Sal Hernandez, John Lacey

Scholarship Committee:

Membership / MLS - Technology Committee: Michael Berdelis, Chairperson Lourdes Galvez, Lina Salgado.

NOT PRESENT: Mario Acevedo, Monica Rivera

Chairperson Roman Meza, Julio Midolo, Sandra Carnet, Rosie Lopez, Flor Martinez, Natalie Romo, Irma Salgado, Andrew Meneses, Rowena Dominguez, Tyler Wirth, Monica Rivera, Jeff Worthy. NOT PRESENT: Remoun Said, Christy Vasquez, Maria Cuadros, Esmeralda Rivera, Ericka Saenz

PAGE PAGE| |14 14

RevItUp

2019

Greater DAOR kick started this year with special guest Mike Ferry, who attended and spoke at the annual REV IT UP event! Mike Ferry gave Greater DAOR members plenty of information to help them in their daily business.

Mike also gave some great statistics that reflected the curent and future market.

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