Volume 1 Issue 3

2014 Leadership of the DAOR

Downey Association of REALTORS 12073 Paramount Blvd - Downey, CA 90242 562 861-0915 - Fax 562 923-9995

Executive Directors: Mireya Ruiz, President Jason Cierpiszewski, President-Elect Carrie Uva, Vice President Esther Lee, Treasurer Jeanette Baumann, Executive Vice President Directors: Mario Acevedo Michael Berdelis, Immediate Past President Maria Cibrian Sossi Gabriel Ericka Saenz Ruben Sarinana Vicki Spearman Miriam Villanueva

www.DAOR.com Monday - Friday 9am-5pm Saturday 9am-1pm 24/7 text support :

Text DAOR to 55469 Volume 1– Issue 2

T[\l_ of Cont_nts:

DAOR Chaplain: Ruben Sarinana CAR State Directors: Mireya Ruiz, Carrie Uva & Jason Cierpiszewski

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D@OR’s 2n^ Qu[rt_r Top Pro^u]_rs

Affiliates In Action Committee Tom Ramirez, Chairperson

2 - D@OR’s Knott’s B_rry F[rm F[mily Pi]ni]

Awards Committee Larry Kooiman, Chairperson Budget & Finance Committee Nubia Aguirre, Chairperson DAOR YPN Laura Dominguez, Chairperson

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Grievance Committee Dan Nevarez, Chairperson

4 - M__t Your 2015 D@OR L_[^_rship

LCRC Trustees John Lacey, Chairperson

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Local Government Relations Sandra Carnett, Chairperson

@ Littl_ Of This & @ Littl_ Of Th[t

Membership/MLS-Technology Committee Remoun Said, Chairperson

7 - “L_t’s

Nominating Committee Russell Skersick, Chairperson Professional Standards Committee Bev Baumann, Chairperson

3 - RE@LTOR Community W__k Ev_nts & D@OR’s Fr__ Housing @ffor^[\ility Symposium Lun]h_on

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D@OR’s N_w 24/7 Fr__ T_xting H_lp-Lin_

REALTOR Community Relations Committee Rowena Dominguez

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Scholarship Committee Diane Sanchez

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Jeanette Baumann, EVP - evp@DAOR.com

Membership Department Julie Sartor, julies@DAOR.com Fausto Navarro, communications@DAOR.com Susie Gonzales, cs@DAOR.com

@ffili[t_’s @nnu[l Expo

N_xt YPN Ev_nt & Birth^[y C[k_ D[y

DAOR Staff Customer Care Department Nelly Palma, mls@DAOR.com CeCe Robles, education@DAOR.com Hilda Inzunza, cs@DAOR.com

G_t @ppy”

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D@OR’s Stor_ it_m/s[l_ of th_ month

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Pl_[s_ fin^ on p[g_ 11 links to “join” D@OR’s F[]_\ook, Twitt_r, Instigr[m, You Tu\_, [n^ Vi_w 2014 Pi]tur_s on Pi][sso.

Knott’s Berry Farm Family Picnic - 2014

Thank you Affiliate Sponsors who supported this event.

Andy Zuloaga, Farmers Claudia Contreras, ProActive Escrow Hans Hilton, Cutco Carmen Meraz, Platinum Mrtg Monica Meza, iMortgage

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REALTOR COMMUNITY WEEK September 8-12, 2014 Feel Free To Participate!!

The REALTOR COMMUNITY RELATIONS Committee put together a week full of events, that REALTORS can participate in to show their “REALTOR® COMMUNITY SPIRIT” Monday - SEACCA Drive. Office Team Leader in charge of collecting a $5 donation from agents in the office, from now until Sept 3rd.

Tuesday - City Clean-Up. Sign up to “spruce-up” an area

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of Downey, Norwalk, or Pico Rivera.

Wednesday - Housing Affordability Symposium Luncheon. This luncheon will be free for DAOR REALTOR Members; but reservations are a must.

Thursday - September 11th … bring lunch to the Downey Police Department. Team Leaders may meet up there for a photo.

Friday - Food Drive to PTA Helps. Each office collect canned, non-perishable food, from now until Sept 12th

Meet Your 2015 DAOR Leadership

(Top L to R) Dan Nevarez, Rowena Dominguez, Miriam Villanueva, Sossi Gabriel, Maria Cibrian (Bottom L to R) Mireya Ruiz, Ericka Saenz, Jason Cierpiszewski, Carrie Uva, Mario Acevedo, Vicki Spearman, Ruben Sarinana

Executive Directors JASON CIERPISZEWSKI Jason will serve as President of the DAOR in 2015 Jason works at Century 21 My Real Estate and joined DAOR in 2004.

CARRIE UVA Carrie will serve as President-Elect of the DAOR in 2015 - Carrie works at Prudential 12 Hour RE and joined DAOR in 1993.

MARIO ACEVEDO Mario will serve as Vice President of the DAOR in 2015 Mario works at ReMax College Park Realty and joined DAOR in 2006.

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ERICKA SAENZ Ericka will serve as the Treasurer – Secretary of the DAOR in 2015. Ericka works at Century 21 Jervis and Associates and joined the DAOR in 2004.

Directors Serving their Second Year (2014-2015) MARIA CIBRIAN - Maria is a REALTOR at Century 21 Allstars, and joined the DAOR in 2005.

SOSSI GABRIEL - Sossi is a REALTOR Broker/ Owner of Nova Real Estate and Property management, and joined the DAOR in 1989.

RUBEN SARINANA JR Ruben is a REALTOR at Century 21 A Better Service Realty, and joined the DAOR in 1989.

VICKI SPEARMAN Vicki is a REALTOR at Prudential 24 Hour RE, and joined the DAOR 1976.. We should also mention, Vicki served as president in 1993 & 1997.

Newly Elected Directors Serving in 2015 & 2016 ROWENA DOMINGUEZ Rowena is a REALTOR at Century 21 My Real Estate, and joined DAOR in 2007.

DAN NEVAREZ - Dan is a REALTOR/Manager at Century 21 Realty masters, and joined the DAOR in 1984.

Immediate Past President

MIRIAM VILLANUEVA Miriam is a REALTOR with Century 21 My Real Estate and joined the DAOR in 1990.

MIREYA RUIZ - Serving as President in 2014, Mireya will serve one year on BOD as Immediate Past President.

Mireya is a REALTOR with Century 21 Allstars, and joined the DAOR in 2001.

A Little of This & TDS AND MIXED USED PROPERTY A new case, Richman v. Hartley , (filed March 20,2014, Second District, Div. Six S.O.S B245052) addressed the following question: If a property is mixed use containing not more than four residential units and one or more commercial units (the property in the case had one commercial building and a residential duplex), must the seller deliver a TDS? The answer is yes, at least for the residential portion. In this case the buyer and seller used a commercial contract (not a C.A.R. form) and the seller did not deliver a TDS. There was also a lease and some lapse of time between the buyer entering the lease and the purchase contract. The buyer/tenant decided no to proceed with the purchase and cancelled based upon the sellers failure to provide a TDS. The seller sued stating that the TDS is required only when the property is exclusively residential and, moreover , the real essence of this purchase was commercial not residential. The court disagreed. If the property contains at least one but not more than four units, notwithstanding what else the property may contain, the seller, unless otherwise exempt, must provide a TDS for the residential part of the property. The requirement is not waivable by the buyer and, if no TDS is delivered by the seller , the buyer may cancel. The court did not address the question of whether or not the seller must provide a TDS on the commercial portion as that was not the question before the court.

Break through transaction roadblocks!

C.A.R. wants to help make difficult transactions easier for you. The C.A.R. Finance Helpline is an invaluable opportunity and FREE MEMBER BENEFIT for C.A.R. members to prevent and settle financing difficulties quickly.

If you have important financing questions or stalled transactions due to financing roadblocks, C.A.R. has a direct line to key lenders and servicers. Get financing assistance with short sales, funding, REOs, deeds-in-lieu, and more.

Help prevent financing roadblocks from occurring. Contact the C.A.R. Finance Helpline, Financehelpline@car.org or call us at (213) 739-8383 Page 5

The Big Turtle Shell® - Wireless Speaker The Big Turtle Shell® is the greatest wireless speaker ever created. A water resistant, dust proof, and shock proof Bluetooth speaker ready to go wherever you go.

Net Neutrality Impact on REALTORS® The Federal Communications Commission is proposing a rule that could create fast and slow lanes on the Internet, potentially affecting the quality of consumers' experience on real estate websites. Melanie Wyne of NAR Government Affairs in a video sits down with two experts on net neutrality to talk about why the changes being contemplated could be harmful to REALTOR’S businesses.

California Desert & Ventura County Regional No Longer Reciprocating with CRMLS Recent communications by outside MLS’s regarding CRMLS’s decision to share data directly with MLS’s in Southern California, instead of participating in the CARETS system, has caused some confusion.

Contrary to what you may have heard, CRMLS continues to display data in the Matrix system from all of our former partners in the CARETS system, with the exception of the California Desert Association of REALTORS (CDAR) and the Ventura County Regional Data Share (VCRDS).

At this time, both CDAR & VCRDS have voluntarily declined to participate in the data share, and as of September 2014, CDAR has given notice to CARETS that they will no longer be sharing data with any other MLS outside of their area.

a Little of That !

Broker-Associate Options for Real Estate Activities and Addresses

ing a public licensing search on the Bureau’s website; click on “Verify a License” and also by accessing the recently added search option: “Real Estate Broker and Corporation Search

by Main Office or Branch Office Address.”

By Jennifer Lynn, Special Investigator and Jeff Oboyski, Licensing Manager

Note: There is no requirement for the employing broker to take possession of the brokerassociate’s license certificate as he or she Licensed real estate brokers can conduct licensed activi- would for a salesperson license. ties for more than one entity, as defined in Section 10131 of the Business and Professions Code, which states in part “A real estate broker … does or negotiates $848 is Typical Technology Spend by to do one or more of the following acts for another or others.” In short, a broker may operate under their indi- Agents vidual broker license and/or as the designated officer for Real estate brokers in the last 12 months spent a median of $1,410 on technology one or more licensed real estate corporations. for their real estate business, up from A broker also has the option of working for another bro- $1,122 in 2012, while agents spent a meker or licensed corporation by entering into a Brokerdian of $848, up slightly from $822 in Salesman Agreement pursuant to Commissioner’s Regu- 2012. These and other data points are in lation 2726 as a broker-associate. When this option is the 2013-2014 REALTOR® Technology exercised, the broker-associate must report additional Survey. addresses to CalBRE. For instance, if the brokerassociate will be conducting licensed activities at an address of record of their employing broker or corporaReminder” FTB Information Return tion, then the broker-associate must add this additional for OutOut-ofof-State Acquisition in 1031 address to their license as either a “branch” office adExchange dress; or a “main” office address if they currently do not For any 1031 exchange that occurs on have a main office address on file with the Bureau. If the employing broker or corporation has multiple branch or after January 1, 2014, a taxpayer offices, the broker-associate is only required to add acquiring a “like-kind” property loto their license those branch locations where they are cated outside of California must file an going to conduct licensed activities on behalf of their information return with the Franchise employer.

Additionally, if some of the broker-associate’s activities will be performed on behalf of their employer, at the broker-associate’s main or branch office address of record, then the employing broker or corporation must add that address as a branch office to their license. See Business and Professions Code Section 10163 for branch offices.

Main office address changes can be made using the Broker Change Application (RE 204) form available on the CalBRE website, or through eLicensing. Branch office addresses can be added or deleted by using the Branch Office Application (RE 203). The Broker Change Application should be used to add a broker’s main office address; while the Branch Office Application should be used to add a branch office address to a broker or corporation license.

Tax Board (FTB) for that taxable year and every year thereafter in which the gain or loss from the exchange has not been recognized. If a taxpayer fails to file such information return and tax returns, the FTB may propose to assess the amount of tax, interest, and penalties due by estimating net income from any available information, including the amount of gain.

Assembly Bill 92 (codified as Cal. Rev. & Tax Code § 24953) (law took effect June 27, 2013).

Complying with broker-associate address reporting requirements enables both consumers and the Bureau to easily determine where brokers are performing licensed activities. This information can be accessed by performPage 6

“LETS GET APPY” Mortgage Calculator (Free) Mortgage Calculator is a easyto-use tool that helps you understand the repayment requirements a mortgage will require. Mortgage Calculator factors in a number of important parameters to provide the most accurate results, and tells you what your monthly or bi -weekly mortgage payments will be as will as your future payoff date.

Sitegeist (iOS & Droid) (Free) Sitegeist is one of those apps that can have a multitude of uses depending on what you need to know. Wherever you are, it immediately provides interesting data about the surrounding area: average of residents, political contributions, average temperature, commuting trends, and popular nearby places. Sitegeist might just provide the facts your clients are interested in knowing about each spot they visit.

Vert (iOS) (basic is Free— Free—Pro is $1.99) Vert is an “anything and everything” conversion tool. Agents deal with lots of different metrics: size, weight, volume, length, and sometimes even currency. Vert turns your smartphone into an all -in-one converter that fits in your pocket!

Cam Scanner (iOS & Droid) (Free) Cam Scanner enables you to scan documents directly from your mobile device— and makes them look like real scans!

Dropbox (Web, Mac, Windows, iOS, Droid & Windows Phones) (Free up to 2GB) Dropbox is a simple as to store documents in the cloud and have them accessible from anywhere. As a cloud storage solution that works on pretty much any device , it allows you to have your client folders in order and handy whenever needed.

PDF Escape (web) (Free) PDFescape is the perfect solution for anyone who has a digital version of their signature on their computer that they would like to add to a PDF document. It allows you to upload any PDF document, add signatures, text, and dates where necessary.

which optimizes Open House Events. It Collects real-time visitor demographic information, buyer interest levels, qualifies loan status, property details, including the ability to generate powerful custom reports that can be shared instantly with any visitor, broker or senior management.

IREM Comps (ios) (Free) The IREM Comps app is a tool that allow you to establish competitive rents for your residential, office, or retail property. You can enter data for three comparable properties and the app will calculate the adjusted effective rent for your subject property. You will also have the ability to email the results in spreadsheet format to anyone.

House Auction & Home Foreclosure Auction Profits ($4.99) (iOS) Making money from house auctions can be a very exciting and lucrative way to become a property investor. The quickest route to best returns is from bank foreclosure auctions. This brand new guide tells you everything you need to know to get involved in this profitable venture.

Dictionary of Real Estate Terms (ios) ($3.99) Dictionary of real estate terms is filled with over 3,000 industry-specific terms, covering every aspect and nuance of the real estate industry.

Open Home Pro (ios) ($14.99) With Open Home Pro, you can run your open house on your iPad in addition to the following: Manage all walk-ins at weekly open houses or broker opens; automatically follow up with leads using new contact methods that get opened and read more than 2x the industry average; create beautiful listing pages for all of your properties; buyers can leave feedback on or contact you with one click; export any collected data to Excel or a CRM (customer related management) tool like Top Producer, or directly pass the leads to iCloud; and create your own custom questions.

Open House Manager (ios) ($4.99) Open House Manager is designed to quickly capture info from potential buyers and distribute it to your devices and the Cloud. No more sign-in sheets!

Visitors sign in on your iPad. Sync buyer’s contact information to your iPad, iPhone and Mac with iCloud. Generate follow-up emails to groups of buyers,; send homeowner reports to your seller; create your own list of buyers and email them; also, create your own survey questions. Get all the information you need.

Property Connect (both .com & app) Property Connect has

made the rental market fair game for everyone. Simply select a property, input your terms – rent, lease length and move in date and then watch as the LiveOffer™ rolls out. The winning offer is Casmy REALTOR® (iOS) (Free) Casmy Realtor® is an easy- based on the closest match to an Agent’s preferred terms, not the to-use mobile application and service for real estate professionals highest rent.

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MAKE AN IMPRESSION FROM THE STREET There is a new form of advertising that is making impression in the Real Estate business "Feather Flags".

Their popular efficient attractive way to promote any "Open House". The traditional flags are still useful but have the tendency to blend and be lost in the background. Feather flags on the other hand stand out and jump from the background making, them more visible.

Plus you can set them up and take them down in minutes and they come in their own durable carrying black bag.

7 feet tall $60 + tax

Hilda cs@DAOR.com

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