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Weekly Jolt – 111621

CONTRA COSTA ASSOCIATION OF REALTORS^®

WEEKLY NEWSLETTER | NOVEMBER 16, 2021

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Education contains a list of upcoming classes.

Learn the Red Flags in Escrow at the West County Marketing Meeting – Nov. 18

Please join us for the West County Virtual Marketing meeting this Thursday, November 18 from 9 to 10am and learn the Red Flags in Escrow. While not every problem can be anticipated, there are Red Flags you should watch for in your transactions. Being proactive to these potential showstoppers will help ensure a successful closing and bring you referrals. Also learn to reduce your risk of cyberfraud by practicing “Good Cyber Hygiene”.

C.A.R. Fair Housing Bills

C.A.R. is proud to have sponsored and supported four major bills which were signed by the Governor that further the goal of fair housing. These bills will reduce discrimination in housing and help ensure the dream of homeownership can be a reality for more Californians. These bills include our sponsored bills AB 491 (Ward & Gonzalez) and SB 263 (Rubio); and supported bills AB 948 (Holden) and AB 1466 (McCarty)…

LAPTOPS ON SALE:

MLS UPDATE:

MLS Rules & Regulations Changes – Nov. 29

Effective November 29 changes to the following MLS Rules & Regulations go into effect. These changes are being made to provide further clarification for how “Coming Soon” listings function within the MLS. Changed MLS Rules include: 7.5.1 Mandatory Submission, 9.1.1 Showing Access, 10.1 Statuses, and 10.1.1 Coming Soon Listings.

Get Quick Answers to Your Questions with C.A.R. Peer-to-Peer Ethics Infoline

Non-legal ethics questions answered in a snap!

C.A.R.’s Peer-to-Peer Ethics Infoline is a free service facilitated by neutral REALTOR® volunteers trained in the Code of Ethics. They can answer questions from other REALTOR® members regarding the proper interpretation of the Code.

If you have questions about whether certain actions—yours or those of another REALTOR® —might violate the Code of Ethics, the volunteers can assist with non-legal ethics matters. The Infoline is confidential, and no information will be shared with third parties. Please note that answers or opinions are provided orally and will not be given in writing.

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Avoid Suspension! – Complete Your Ethics Training By Dec. 31

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All REALTORS® are required by NAR to complete 2.5 hours of ethics training every three years, the current cycle: 2019 – 2021. See below for the many ways you can meet this requirement!

Training must meet specific learning objectives and criteria established by NAR. Those who complete the necessary 45-hour CE requirement for license renewal during the current cycle must email a copy of their ethics completion certificate to CCAR at [email protected]. We will update your status with NAR to show that you have fulfilled the requirement. Failure to complete the required training is a violation of membership duty for which CCAR, C.A.R., and NAR memberships are suspended and subsequently terminated.

Referral agents with CCAR (LFRO status) do not have to complete the requirement.

Please note: If you had your Continuing Education requirement waived by the California DRE due to the 70/30 Exemption, you must still complete the NAR ethics training requirement unless you have earned NAR Emeritus status.

CHECK YOUR STATUS &
VIEW TRAINING OPTIONS >>

FREE ETHICS COURSE >>

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What happens if a REALTOR® doesn’t meet the training requirement on time?

Failure to meet the requirement is a violation of a membership duty and will result in suspension of membership for the first two months (January and February) of 2022 or until the requirement is met, whichever occurs sooner. On March 1, 2022, the membership of a member who is still suspended as of that date will be automatically terminated.
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CHOOSE THE BEST TRAINING OPTION FOR YOU:

SELF-PACED, ONLINE COURSES WITH NAR (UPDATES YOUR RECORD AUTOMATICALLY – NO NEED TO SEND IN CERTIFICATE): FREE

Existing Members (first licensed prior to 2019) click here >
New Members (first licensed since 2019) click here >

LIVE STREAM/ZOOM COURSES: FREE – $20

Tuesday, December 14^th from 1:00 – 4:00 pm (ZOOM, $20)
Friday, December 17^th from 10:00am – 1:00pm (LIVE STREAM, FREE)
Tuesday, December 21^st from 1:00 – 4:00 pm (ZOOM, $20)
Wednesday, December 29^th from 12:00pm – 3:00pm (LIVE STREAM, FREE)

Please contact CCAR’s Member Services with any questions at 925.295.1270. If you have already completed an Ethics course during the current cycle (2019 – 2021), please email a copy of your certificate to [email protected].

CA Attorney General Rob Bonta Creates New Housing Strike Force

Attorney General Bonta today also launched a Housing Portal on DOJ’s website with resources and information for California homeowners and tenants.

Together, the Housing Strike Force, roundtables, and Housing Portal are part of DOJ’s new effort to advance housing access, affordability, and equity in California. DOJ’s Housing Strike Force will draw on the expertise of attorneys from the Land Use and Conservation Section, the Consumer Protection Section, the Civil Rights Enforcement Section, and the Environment Section’s Bureau of Environmental Justice to address the housing crisis and to alleviate its effects.

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Weekly Jolt – 110921

CONTRA COSTA ASSOCIATION OF REALTORS^®

WEEKLY NEWSLETTER | NOVEMBER 9, 2021

Click a title below to view detailed contents by topic.
Education contains a list of upcoming classes.

CA Attorney General Rob Bonta Creates New Housing Strike Force

California Attorney General Rob Bonta announced the creation of a Housing Strike Force within the California Department of Justice (DOJ) and the convening of a series of tenant roundtables across the state. Attorney General Bonta today also launched a Housing Portal on DOJ’s website with resources and information for California homeowners and tenants. Together, the Housing Strike Force, roundtables, and Housing Portal are part of DOJ’s new effort to…

Avoid Suspension! – Complete Your Ethics Training By Dec. 31

Over 1,800 CCAR REALTOR® members still need to complete 2.5 hours of ethics training by Dec. 31 as required by NAR. There are many ways to meet this requirement including self paced, free online courses, as well as Live Stream and Zoom options for a small fee. Training must meet specific learning objectives and criteria established by NAR. Failure to complete the required training by Dec. 31 is a violation of…

Get Quick Answers to Your Questions with C.A.R. Peer-to-Peer Ethics Infoline

Text Code of Ethics typed on retro typewriter

Code of Ethics Violators

In an effort to make ethics violations and the disciplinary process more transparent, C.A.R. is publishing the names of members who are found in violation of the Code of Ethics as well as summaries of the members’ unethical behavior.

Member publication is triggered only if the discipline imposed is a reprimand, fine, suspension or expulsion – anything other than a letter of warning or stand-alone education. The information will be published on the members-only section of car.org.

Past decisions of ethics…

LAPTOPS ON SALE:

MLS UPDATE:

Upcoming Paragon Enhancements – Nov. 10

On November 10th updates will be made to the Paragon 5 MLS system to improve functionality including:
1. Default Quick Search Update (Listing Agent & Buyer Agent)
2. Lots & Land Assessment Field Option “Unknown”
3. Paragon Statistics Visibility
4. Resources Menu Layout

MLS Rules & Regulations Changes – Nov. 29

CA Housing Market Update & Forecast

As of October 30, 2021:
Most of the economic news is positive and California has made more progress down the road to economic recovery. Some positive trends continued to get better while some negative trends started to lose momentum.

There is even evidence that the housing market in California has begun to stabilize around what are expected to be the medium-term levels. However, interest rates have risen significantly from the first half of the year and the coronavirus, although avoiding a significant ramp thus far, is likely transitioning from pandemic to a lasting endemic with numbers that remain persistently high as we enter a new normal.
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Looking into the Future…
C.A.R. Releases its 2022 CA Housing Market Forecast

The baseline scenario of C.A.R.’s “2022 California Housing Market Forecast” sees a decline in existing single-family home sales of 5.2 percent next year to reach 416,800 units, down from the projected 2021 sales figure of 439,800. The 2021 figure is 6.8 percent higher compared with the pace of 411,900 homes sold in 2020. California housing market to remain solid if pandemic is kept under control, but structural challenges will persist:

Existing, single-family home sales are forecast to total 416,800 units in 2022, a decline of 5.2 percent from 2021’s projected pace of 439,800.
California’s median home price is forecast to rise 5.2 percent to $834,400 in 2022, following a projected 20.3 percent increase to $793,100 in 2021.
Housing affordability is expected to drop to 23 percent next year from a projected 26 percent in 2021.

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