• Fed Rate Hike: What it Could Mean For Your Buyers and Homeowners
• REALTOR® Optimized Laptops For Sale
All laptops purchased through CCAR include a 2-year warranty, data transfer, and Real Estate setup.
Latest News on Prop 37: Watch the Town Hall and Access Member Tools
Watch or revisit the Proposition 37 town hall and access FAQs and campaign resources at car.org to stay informed and share information with clients and your community. Sign-in required.
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CA Insurance Town Hall with Senator
Ben Allen – Oct. 15
Join Bay Area REALTOR® associations on Thu, Oct. 15, at noon for a virtual town hall with State Senator Ben Allen, candidate for California Insurance Commissioner. Hear his priorities for addressing California’s insurance challenges, followed by a discussion of property insurance availability, affordability, and the impact on homeownership and real estate transactions.
REGISTER HERE >>
Save the Date: Elected Officials Reception – Oct. 15
The Big Event Membership Meeting – Oct. 28
WCR Upcoming Events
Avoid Costly Mistakes:
Risk Management Seminar Tomorrow
Join us tomorrow morning from 9:00 to 11:00am for a Risk Management Seminar via Zoom. Get a closer look at the legal issues affecting REALTORS® and practical guidance to help you avoid costly mistakes.
Real estate attorney Shannon B. Jones will share insights from her practice, including the types of claims her office is seeing most often and what REALTORS® can learn from them. Topics will include:
- Emerging liabilities and recent case trends that could affect your transactions.
- Common claims and disputes REALTORS® are facing—and where problems tend to arise.
- Practical steps to reduce your risk and help protect yourself, your clients, and your business.
You’ll also hear important updates from CCAR staff and leadership to keep you informed about issues affecting your membership and the profession.
Set aside the morning for information you can put to work in your day-to-day business.
Free for CCAR members · $35 for non-members
Fall Into Learning with CCAR
A new season is a great time for fresh ideas! As we head into fall, there’s still time this September to sharpen your skills, explore new tools, and pick up practical tips to help grow your business.
This month’s remaining Education & Events lineup offers something for every stage of your career. From REALTOR® safety and risk management to AI-powered CMAs with RPR, digital business strategies, Realtor.com profiles, Lone Wolf Transact, and Paragon, there are plenty of opportunities to stay informed and work smarter.
Check out what’s coming up and finish September strong with fresh knowledge, new skills, and ideas you can put to work this fall!
Oktoberfest Affiliate Faire – Oct. 7
CCAR REALTOR® Members: Join us for an evening of appetizers, drinks, raffles, and fun at St Stephen Church on Oct. 7, from 5pm – 7pm! Discover the wide range of services offered by local industry partners while supporting two amazing causes—the CCAR Scholarship Foundation and CCAR Helping Hands.
CCAR Affiliates: The Oktoberfest Affiliate Faire offers a fantastic opportunity to showcase your business to CCAR REALTORS®. Think of it as a trade show, but more fun– and it’s all for a great cause! Purchase a vendor table for $35 by contacting Jason Catalano at 925.295.9202 or [email protected].
REGISTER FOR FREE TICKETS >>
ETHICS CORNER:
First Conversation to Closing: An Ethical Roadmap for Buyer Agents
Two weeks ago, we introduced the Code of Ethics re-organized according to the way a typical transaction actually unfolds, highlighting relevant ethical duties based on where you are in the transaction.
This week, we’ll take a closer look at how this resource can help buyer agents use the Code as a practical guide from the first conversation with a prospective client through the closing table.
A buyer’s real estate journey can move quickly. One conversation leads to a buyer agreement. Then come showings, questions, offers, negotiations, inspections, financing and, eventually, closing. At every stage, different professional responsibilities come into focus.
That’s why NAR’s “The Code of Ethics is Good Business” resource is worth adding to your everyday toolkit. Rather than organizing the Code solely by its 17 Articles, NAR has arranged the relevant Standards of Practice according to the stages of a typical transaction.
For buyer agents, the roadmap begins before the showing…
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Are You and Your Clients Registered to Vote?
Residents must be registered by Oct. 19th to vote in Nov.
REGISTER TO VOTE >>
Fed Rate Hike: What It Could Mean
for Your Buyers and Homeowners
The Federal Reserve raised its benchmark interest rate by a quarter percentage point in September, bringing the target range to 3.75%–4% as it works to bring inflation down.
For REALTORS®, an important distinction to share with clients is that a Fed rate increase does not automatically mean the same increase in mortgage rates. As CNBC explains, fixed-rate mortgages tend to follow the 10-year Treasury yield and broader bond-market conditions rather than the Fed’s benchmark directly. However, inflation pressures could push rates higher on new home loans. Even a small change can matter to a buyer’s budget. CNBC cites an example in which a quarter-point increase in mortgage rates could add approximately $65 per month to a roughly $389,000 mortgage.
Homeowners with existing fixed-rate mortgages will keep their current interest rates, while borrowers with adjustable-rate mortgages could face higher costs when their rates reset. Home equity lines of credit, which typically carry variable rates, may also become more expensive.
For client conversations, the focus is on understanding how the type of loan—and changes in borrowing costs—can affect affordability.
READ MORE ON cnbc.com >>
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