, Author at CCARToday - Contra Costa Association of REALTORS

District 99 Aulani – Jun 24

June 2024
From the desk of:

Darnella Aulani

CCAR TREASURER, DISTRICT 99 LIAISON
EMAIL: [email protected] | TEL: (925) 207-8211

Dear Friend and Fellow-Member,

Summer is here and the market looks like it will be on the slow upward swing during the latter months of the year (see market report below). This is good news and will enable us to spend the next month really digging into all the new MLS changes and business practice updates coming in August. To help you with that, we’ve launched the CCAR INFO HUB, a local news portal to keep you in the know about all pending business practice changes and updates. You may also take advantage of several education opportunities to get current on the new forms coming down the pike. We encourage you to carve out some time to read and learn all that’s available so you’re poised for success as the marketplace quickly changes.

Feel free to contact me directly if you have questions, or want to chat (contact information noted above).

CCAR launches INFO HUB website to keep you on top of pending business practice changes >

TOP NEWS:

Got Questions About Pending MLS Changes?

We’ve polled a group of CCAR members for their most pressing questions about the coming business practice changes. Read the answers and submit your questions. | VIEW NOW >

Real Estate Market Update

Home sales are projected to improve in the second half of the year, but the growth rate will be slower than what was projected earlier this year. | LEARN MORE >

Buy $20 C.A.R. HAF Raffle Ticket to Win Up to $5K

Support C.A.R.’s Housing Affordability Fund (HAF) Path to Homeownership Closing Cost Assistance Program to help families own their own homes. | LEARN MORE >

UPCOMING EDUCATION COURSES:

CCAR CALENDAR >

CCAR ANNUAL SPONSORS

District 99 Schubb – Jun 24

June 2024
From the desk of:

David Schubb

CCAR PAST-PRESIDENT, DISTRICT 99 LIAISON
EMAIL: [email protected] | TEL: (925) 765-5055

Dear Friend and Fellow-Member,

Feel free to contact me directly if you have questions, or want to chat (contact information noted above).

CCAR launches INFO HUB website to keep you on top of pending business practice changes >

TOP NEWS:

Got Questions About Pending MLS Changes?

We’ve polled a group of CCAR members for their most pressing questions about the coming business practice changes. Read the answers and submit your questions. | VIEW NOW >

Real Estate Market Update

Home sales are projected to improve in the second half of the year, but the growth rate will be slower than what was projected earlier this year. | LEARN MORE >

Buy $20 C.A.R. HAF Raffle Ticket to Win Up to $5K

Support C.A.R.’s Housing Affordability Fund (HAF) Path to Homeownership Closing Cost Assistance Program to help families own their own homes. | LEARN MORE >

UPCOMING EDUCATION COURSES:

CCAR CALENDAR >

CCAR ANNUAL SPONSORS

District 99 Hall – Jun 24

June 2024
From the desk of:

Zina Hall

CCAR PRESIDENT-ELECT, DISTRICT 99 LIAISON
EMAIL: [email protected] | TEL: (510) 589-5649

Dear Friend and Fellow-Member,

Feel free to contact me directly if you have questions, or want to chat (contact information noted above).

CCAR launches INFO HUB website to keep you on top of pending business practice changes >

TOP NEWS:

Got Questions About Pending MLS Changes?

We’ve polled a group of CCAR members for their most pressing questions about the coming business practice changes. Read the answers and submit your questions. | VIEW NOW >

Real Estate Market Update

Home sales are projected to improve in the second half of the year, but the growth rate will be slower than what was projected earlier this year. | LEARN MORE >

Buy $20 C.A.R. HAF Raffle Ticket to Win Up to $5K

Support C.A.R.’s Housing Affordability Fund (HAF) Path to Homeownership Closing Cost Assistance Program to help families own their own homes. | LEARN MORE >

UPCOMING EDUCATION COURSES:

CCAR CALENDAR >

CCAR ANNUAL SPONSORS

CCAR Information Hub

CONTENTS:

NEWS & UPDATES

RESOURCES

training & events

VIDEOS

NAR Practice Changes Update >
C.A.R. New & Revised Forms Class >
Boost Your Value with Buyer Agreements >
On-Demand Training

faq

Your questions answered >

INFO ARCHIVES

Settlement Update Archives >

CONSUMER GUIDES

NEWS & UPDATES

Navigating New Standards: Essential Dos and Don’ts for REALTORS®

NAR has developed two new resources to help you better navigate the new business practice changes. These resources help to define the responsibilities and limitations for real estate agents by outlining the “dos” and “don’ts” of supporting homebuyers and home sellers during the transaction process.

Remember that the practice changes are intended to promote choice, empower consumers, and foster healthy competition, and they should be implemented with these goals in mind. As always, the REALTOR® Code of Ethics remains the foundation for the services you provide.

Supporting Homebuyers Fact Sheet >
Supporting Home Sellers Fact Sheet >

Remember Your Duties to Clients to Avoid Steep Fines and Disciplinary Action

As a REALTOR®, your primary duties are to follow NAR’s explicit Code of Ethics, and pledge to protect and promote the interests of your clients. This obligation means that you cannot make decisions or provide representation in a way that puts your own interests or commissions ahead of your clients’ interests.

Wrongful “steering” by either a Buyer’s or Seller’s Agent is PROHIIBITED and will result in disciplinary action/fines.

Learn more: NAR CONSUMER GUIDE: REALTORS’® DUTY TO PUT CLIENT INTERESTS ABOVE THEIR OWN >

2024 Home Buyer and Seller Trends

Discover the latest trends shaping today’s real estate market in this year’s report from NAR. Highlights include rising buyer ages, with first-time buyers now averaging 38 years and repeat buyers 61, as well as affordability challenges impacting first-time buyers more than ever. Many buyers are opting for larger down payments, and multi-generational homes are increasingly popular. Online tools and real estate agents continue to play a crucial role in the search and purchase process, providing valuable guidance and resources.

Learn more: PROFILE OF HOME BUYERS AND SELLERS >

Violating MLS Rules Will Result in Fines Up to $5K

New MLS Rules

VIEW SLIDE DECK >
VIEW MLS RULES CHANGES >

Got Questions?

New Forms Training Opportunities

C.A.R. Education is offering two new classes on settlement-related forms: a Buyer Representation Form class and a Residential Listing Form class. Members can access the classes for FREE by logging into store.car.org and entering discount codes at checkout. Class details and codes will be emailed to all members and will also be available on store.car.org.

| LEARN MORE >

Association-drafted Forms Protect Consumers and Members

Recently, Inman published an opinion piece by a real estate coach criticizing forms created by associations, though it did not directly reference California Association of REALTORS®’s (C.A.R.) forms. In light of the concerns raised, C.A.R. felt it necessary to address the value and reliability of state Association-created forms.

VIDEOS

Forms Class

Watch any time to learn important information about new and revised forms and coming changes in the business.
| WATCH VIDEO >

How Buyer Agreements Boost Your Value, Fend Off Claims

While some consumers may be skeptical at first when asked to sign a Buyer’s Agreement, think of it as an opportunity to provide clarity about your services and build trust. Review the agreement to help explain your duties and obligations and reinforce that you’re a professional who follows a Code of Ethics. | WATCH VIDEO >

ADDITIONAL RESOURCES

SETTLEMENT UPDATES ARCHIVE

“CONCESSIONS CONSIDERED” FIELD REMOVED | Aug 27, 2024 | Upon legal advice and as a precautionary measure, in light of recent litigations, we will remove the ‘Concessions Considered: Yes/No’ field from Listing Entry, effective Tue, Aug 27th. As an MLS, it is our duty to protect you and your data. We appreciate your understanding as we navigate the current challenges in our industry.

COMING MLS CHANGES AUG 12 | June 25, 2024 | The following changes to Paragon and connectMLS will be instituted on Mon, Aug. 12:

Removal of all COMPENSATION fields in all places across all property types and statuses, including Historical Data.
The current POST-SALE CONCESSIONS field will change from a free-form field to a YES/NO option (historical concessions data for off-market listings will remain visible).

UPDATED CHANGES TO MLS CONCESSIONS FIELD | JULY 16, 2024 | In response to the new C.A.R. forms regarding concessions, we will be updating our MLS system to reflect sellers’ instructions on concessions.

These updated changes were approved on Monday, July 15, and will take effect on Monday, August 12.

New Field: Concessions Considered

Description: A new field named “Concessions Considered” will be added to the listing entry.
Options: Yes/No
Requirement: This field is optional.
Searchability: This field cannot be used to search the MLS system, but the information will be visible on the listing report.

Modified Field: Concessions at COE (Close of Escrow)

Previous Name: Concession
New Name: Concessions at COE
Options: Yes/No
Requirement: This field remains mandatory.
Searchability: This field cannot be used to search the MLS system, but the information will be visible on the listing report.

Important Reminder: As communicated on July 1, 2024, all compensation fields across all property types and statuses, including historical data, will be removed.

C.A.R. FORMS PARTIAL RELEASE | June 25, 2024 | C.A.R. has just released 48 new forms, but the release of 19 additional forms related to the changes in business practices required by the NAR settlement has been postponed. C.A.R. will make those additional forms and relevant education available prior to August 17. | MORE >

C.A.R. FORMS RELEASE DELAYED | June 21, 2024 | C.A.R. has delayed the June 25th release of new forms, extending the review process to accommodate DOJ inquiries and member feedback. C.A.R. will provide updates as the process continues. | MORE >

CCAR ANNUAL SPONSORS

District 99 Wright – Jun 24

June 2024
From the desk of:

Tyra Wright

CCAR PRESIDENT, DISTRICT 99 LIAISON
EMAIL: [email protected] | TEL: (510) 816-6754

Dear Friend and Fellow-Member,

Feel free to contact me directly if you have questions, or want to chat (contact information noted above).

CCAR launches INFO HUB website to keep you on top of pending business practice changes >

TOP NEWS:

Got Questions About Pending MLS Changes?

We’ve polled a group of CCAR members for their most pressing questions about the coming business practice changes. Read the answers and submit your questions. | VIEW NOW >

Real Estate Market Update

Home sales are projected to improve in the second half of the year, but the growth rate will be slower than what was projected earlier this year. | LEARN MORE >

Buy $20 C.A.R. HAF Raffle Ticket to Win Up to $5K

Support C.A.R.’s Housing Affordability Fund (HAF) Path to Homeownership Closing Cost Assistance Program to help families own their own homes. | LEARN MORE >

UPCOMING EDUCATION COURSES:

CCAR CALENDAR >

CCAR ANNUAL SPONSORS

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