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The Official Publication of Southland Regional Association

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The Official Publication of Southland Regional Association Realtor®Report The Official Publication of Southland Regional Association of Realtors® Realtor®Report The Official Publication of Southland Regional Association of Realtors® June/July 2015 RealtorYou’re ®InvitedReport The Official Publication of Southland Regional Association of Realtors® Allied Diversity Industry Group Friday, July 31, 2015 ® 4:00 - 6:30 pm RealtorYouSave are Invited Green to SRAR’s Diversity With Event AnReport Energy Location to be Determined The Official Publication of Southland Regional Association of Realtors® EfficientAAREA: Asian America Real Home Estate Association Special Guests Speakers Include: Special GuestRent Speakers or Buy? include: ® Joel Singer Pg.NAHREP: 4 National Association of Hispanic Real Hands Down pg.7 Estate Professionals CEOJoel California Singer Association of Realtors Realtor ReportCEO California Association of REALTORS® TheRealtor Official Expo Publication of Southland RegionalCANVAAlex Association Creela Free and of Realtors Easy® WCR: Women’s Council of Realtors SeniorAlex V.P. Creel Govermental Affairs Huge Success! pg.3 to useSenior Design V.P. Govermental Tool pg.8 Affairs, C.A.R. SFV Valley & SCV Valley ® RealtorMay Market Highlight pg.6 Report The Official Publication of Southland Regional Association of Realtors® For More Information Contact: Realtor®ReportYou’reElizabethMore Info: de Carteret ElizabethInvited 818-947-2256 de Carteret, 818-947-2256 or [email protected] The Official Publication of Southland RegionalAllied DiversityFriday, Association Industry July Group of31,Friday,Realtors July2015 31, 2015 ® $20 before4:00 - 6:30 pm | $25 at the door You are Invited to SRAR’s Diversity Event 12:00 pm - 2:30Location to bepm Determined AAREA: Asian America Real Estate Association Special Guests Speakers Include: Location: SRARSpecial Guest Speakers include: NAHREP: National Association of Hispanic Real Joel Singer Estate Professionals CEOJoel California Singer Association of Realtors AlexCEO Creel California Association of REALTORS® WCR: Women’s CouncilRealtor of Realtors PartySeniorAlex V.P. Creel Govermental Affairs Diversity LuncheonSenior V.P. Govermental Affairs, C.A.R. Tickets available JulyFor More Information 1st Contact: 2015 ElizabethMore Info: de Carteret Elizabeth 818-947-2256 de Carteret, 818-947-2256 or [email protected] www.srar.com $20 before | $25 at the door Volume 95 • Issue 6 ARE YOU USING OR ABUSING ADVERTISEMENT YOUR TC’s SERVICE? HERB LAMBERT, VICE-ChaIR OF the message “Please review carefully PROFESSIONAL StaNDARDS and sign,” doesn’t meet the agent’s standard of care, either. This includes Transaction Coordinators. We sending the listing agreement, didn’t know the term a dozen or purchase agreement, counter offers, so years ago but now they are addenda, amendments and all of a great asset to any agent and the follow up paperwork that is almost every company. But are generated during a transaction. The you properly delegating paperwork agent must go over these forms with responsibilities or abusing your the client and be sure the intended TC’s service? effects of the paperwork being An agent is ultimately responsible signed are understood. Again, the for protecting and promoting their agent is responsible for reviewing client’s interest and following these forms with the client in order the guidelines set forth by the to give proper guidance before the Responsible Broker of the company, client signs. the BRE and the NAR Code of Ethics. A TC is not a Licensed Assistant, A good Transaction Coordinator even if he or she has a license. Paying helps coordinate the paperwork but $200 or $250 for this service doesn’t there are limits to what they should relieve an agent of their fiduciary be asked to do – or for that matter, duty. The agent will always be should do. held responsible for anything that The most frequent crossing of goes wrong in a transaction and these boundaries occurs when must stay on top of the process to agents have TCs interact on their be sure that paperwork is handled own with clients when completing properly and in a timely manner, disclosure paperwork, usually the and that their clients are given good TDS and SPQ and any other form guidance. The agent is being paid that requires the agent to review a large commission to undertake a with and advise their client. Having professional job with heavy legal the TC email disclosure forms to consequences and responsibilities. the seller with the message “Please Don’t put that commission in review and complete to the best jeopardy or risk a potential legal of your ability,” does not meet dispute or BRE or ethical violation the standard of care required of a because you relied on the TC to real estate agent. An agent should handle all of the paperwork without ® review those forms with the seller you participating in and supervising REALTOR REPORT to ascertain they are fully and the process. Their job is to help you accurately completed. coordinate the completion of your A TC sending completed forms to a paperwork and not to relieve you of President client via Ziplogix or Docusign with your fiduciary duties. Gaye Rainey President-Elect CONSUMER PRICE INDEXES Gina Uzunyan APRIL 2015 Chief Executive Officer PERCENT CHANGE Jim Link INDEXES Santa Clarita Valley Division YEAR ENDING President Bob Khalsa $ APR MAR APR MAR APR APR 2014 2014 2015 2014 2015 2015 Los Angeles - Riverside - 242.4371 243.738 243.569 0.5 0.5 -0.1 Orange County Realtor® Report June/July 015 www.srar.com 2015 REALTOR® Expo Huge Success On Thursday, June 11th, nearly 600 guests visited The Odyssey Restaurant to attend SRAR’s 2015 REALTOR® Expo. The Expo hosted 42 vendor booths and offered a variety of classes on such topics as Listing Syndication, a Sneak peek at Speed “App”ing, Risk Management Topics, and a Top Producer Panel, who willingly shared their experience and knowledge. The fun twist on this year’s Expo was a carnival theme. Each Table sponsor had a carnival-style game that visitors could play. Winners were then entered into various raffle drawings that occurred throughout the day. At the end of the day, one lucky winner (Linda Haim from Rodeo Realty) went home with the grand prize – A Brand New 50 Inch Flat Screen TV with built in Roku. Another upside to this year’s Expo was that each guest was treated to a free boxed lunch which ® they were able to enjoy in the Carnival Lounge. REALTORS® were able to have some fun taking REALTOR REPORT photos in our real estate themed photo booth! All-in-all, the 2015 “Carnival” REALTOR® Expo was a huge success, thanks to the hard work of Expo Chair, Rana Linka, her committee members, and the SRAR staff. We hope to keep this momentum going for next year’s Expo and all events throughout the year. www.srar.com Realtor® Report June/July 015 SAVE GREEN WITH AN ENERGY-EFFICIENT HOME ENERGY COSTS caN DEplETE A SIGNIFIcaNT wood joists of the attic floor, the 6. Check the dates. The new PORTION OF A HOMEOWNER’s BUDGET. IN FACT, homeowner may want to consider standards for air conditioners adding more insulation – a simple THEY ACCOUNT FOR ALMOST HALF OF A TYPICAL and heat pumps went into effect DIY project. Jan. 1, and the new water heater U.S. Home’s UTILITY COSTS, ACCORDING TO THE 3. Install a programmable standards began April 16. However, U.S. DEpaRTMENT OF ENERGY. WIth ENERGY thermostat. Wi-Fi-enabled an 18-month grace period is in BILLS RISING STEADIly, REALTORS® CAN play thermostats are automatically place for installing non-compliant adjusted, and can be controlled central air conditioners that were AN IMPORtaNT ROLE IN HELPING THEIR CLIENTS with a broad choice of phone apps. manufactured before the new MANAGE THEIR ENERGY COSTS. THESE TIPS CAN Homeowners are able to leave the standards went into effect. This HELP YOU GET StaRTED. heat or air conditioning at a lower grace period will expire June 30, setting during the day to keep their 2016, pending existing inventory 1. Schedule a professional home energy bills in check, and still come availability. energy audit. A professional will home to a comfortable house by 7. Utilize a home warranty assess the home from top-to- changing the thermostat before contract. Some home warranty bottom, using the Home Energy they leave work. companies may help clients meet Rating System (HERS) Index, 4. Conduct routine maintenance. their energy efficiency goals by the industry standard by which Everyday tasks, like replacing a helping with situations that include a home’s energy efficiency is furnace filter, can make appliances refrigerant recapture, reclaim, and measured. Often they’ll perform a run more efficiently and last disposal; removal of defective “blower door test,” which shows longer. One often-overlooked equipment; mismatched systems; thermographic imaging to pinpoint chore is the draining of sediment undetectable preexisting conditions; exactly where energy is escaping from the water heater. Over time, improper installations, repairs or from. As part of the assessment, sediment and mineral deposits can modifications; and permits and they’ll also offer suggestions on accumulate, reducing the water code violations within stated limits. which upgrades to consider for heater’s efficiency. For more information on home maximum benefit. 5. Know your numbers. The U. S. warranties, services or coverage 2. Check the insulation. A Department of Energy has issued questions, contact American Home properly insulated home can save new mandatory energy efficiency Shield at 800-735-4663 or visit ahs. up to 20 percent on heating and standardsADVERTISING that SUPPLEMENT affect residential com/realestate. Short Sales,cooling REOs Dwindle costs. Not sure where to central air conditioners, heat pumps Saving money through increased start? A significant amount of heat and water heaters. For instance,CFPB says itenergy will be ‘sensitive’ efficiency to good-faith is a effortswin-win Traditionalloss – up to 40 percent – is due to water heaters larger than 55 gallonsBig Day for for a R.E.homeowner’s Fast Approaching wallet and the poorly insulated attics.
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