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Weekly Jolt – 032823

CONTRA COSTA ASSOCIATION OF REALTORS^®

WEEKLY NEWSLETTER | MARCH 28, 2023

CCAR Helping Hands’ Chili Cook-ON! – Next Wed.

Get ready to spice things up at the CCAR Helping Hands’ Annual Charity Chili Cook-ON! Join us at the Sycamore Club House on Wed., Sep. 18, from 4:00pm – 7:00pm. Taste and vote for your favorite chili recipes, and don’t miss out on the chance to win fantastic raffle prizes!

Think your chili has what it takes? Sign up as a chef and show off your culinary skills! There are 5 prestigious awards including: Best Chili REALTOR® Team, Best Chili Affiliate Team, Best Vegetarian/Vegan Chili Team, People’s Choice, and “Bowl of the Corridor” RMA vs. CCRIM!

Sponsorships still available – “READ MORE” to discover remaining opportunities.

REGISTER >>

Annual CCAR Charity Golf Tournament – May 10

Get ready to tee off for two fantastic causes, CCAR Helping Hands and the CCAR Scholarship Foundation, at our annual charity Golf Tournament! Dust off your Callaways and TaylorMades for an unforgettable day on the greens of Boundary Oak Golf Course in Walnut Creek on Friday, May 10 at 11:30am.

While you swing for a purpose, enjoy a delicious boxed lunch, and then end the day with a post-tournament dinner and award ceremony, all included for every golfer. For those who prefer to join us later in the evening, “Dinner Only” tickets are also available where you can bid on fantastic raffle prizes and enjoy a cash bar to keep the celebration going!

MLS UPDATE:

CCAR Benefit LionDesk ends, Transitioning to C.A.R. Benefit:

On May 13th you will no longer have access to LionDesk through your Contra Costa Association of REALTORS® membership. However, you will have access through the California Association of REALTORS® (C.A.R.)!

Are you a C.A.R. member?

You can keep your account active at no additional cost. Log into LionDesk through C.A.R.’s single sign-on to keep your account active.

Not a C.A.R. member?

You’ll need to choose a paid LionDesk plan to maintain your account. You can explore plans and find the best one for your needs here.

HomesOpenToday (HOT) & StreetURLs Sunsetting

On May 17th, CCAR will be sunsetting HomesOpenToday.com & StreetURLS.com. Although these services provided a benefit to CCAR, Bay East, and bridgeMLS Subscribers, along with East Bay consumers for over a decade, the ‘cost to benefit’ ratio is no longer beneficial to CCAR or its Membership to maintain these services.

LAPTOPS ON SALE

Coming Soon Listings –
Only Permitted for 30 Days

The CCAR MLS Compliance department has seen a recent increase in support tickets and questions regarding “Active – Coming Soon” listings. An “Active – Coming Soon” listing is only permitted to be in that listing status for 30 days. On day 31, any CCAR “Active – Coming Soon” listing is updated by CCAR staff to a “Cancelled – Coming Soon”. If needed, a listing agent may enter a new “Active – Coming Soon” listing.

The “Coming Soon” status in the MLS was created to allow for pre-marketing to other MLS Participants & Subscribers. It is not intended to be used as a replacement status for “New” or “Active”.

10.1.1 Coming Soon Listings. It shall be the responsibility of the Broker Participant (Section 4.1.1) and Real Estate Subscriber (Section 4.2.1) to follow said rules when placing a property in the Coming Soon section of the multiple listings service (MLS). Broker Participant and Real Estate Subscriber shall only place a property in the Coming Soon section of the MLS if the Participant/Subscriber has met necessary criteria for MLS input as described Sections 7.5, 7.6, & 8.1.

Participant/Subscriber is required to enter a proposed list date to proceed in placing a listing in the Coming Soon section of the MLS. Once the listing moves from Coming Soon to any Active status it cannot revert back to Coming Soon.

It is optional to place your listing into a Coming Soon Status.
Listing agent must have a signed written listing agreement in place to enter a “Coming Soon” listing which explains the limitations of the “Coming Soon” status.
The MLS requirement of unilateral offer of compensation still applies while in “Coming Soon” status.
The Coming Soon listing will automatically be placed in a “Cancelled – Coming Soon” after 30 days of entry.
Coming Soon listings will be viewable to all MLS Participants.
Coming Soon listings will not be syndicated out to other websites.
Coming Soon listings will not be included in the IDX and RETS feeds.
Coming Soon listings are only searchable within the Paragon MLS.
Once a listing has been moved from Coming Soon to Active status by the agent, it cannot revert to Coming Soon with that same broker.
Days on Market (DOM) re-sets when status is changed to Active. Cumulative Day on Market (CDOM) continues counting from the time entered into the MLS. Only when a property has been off the market (Canceled or Expired) for more than thirty (30) days will the days (DOM and CDOM) on the listing start at zero (0).

If you have any questions please contact CCAR MLS Compliance at 925.295.1270 or [email protected].

CCAR ANNUAL SPONSOR

Mortgage 101 – Mar. 29

LEARN:

Different Mortgage Loan types
Down Payment options
Closing Costs – Who pays what?
Flow of the Loan from Pre-Approval to Receiving Keys
How Rates and Points Work

Join us live on Zoom from 10:00am – 11:15am on March 29th for a jam-packed hour of learning and a question & answer session from Senior Mortgage Advisor, John F. Kay.

John has over 30 years experience and is ready to equip you with the knowledge to serve your clients with accurate and up-to-date information on their financing options. Whether you’re working with a first-time home buyer, a seasoned buyer, or someone interested in refinancing their home to buy another, this class will educate you and reduce your clients’ anxiety when obtaining a home loan. Don’t forget to bring your questions!

Weekly Jolt – 032123

CONTRA COSTA ASSOCIATION OF REALTORS^®

WEEKLY NEWSLETTER | MARCH 21, 2023

Mortgage 101 – Mar. 29

Join us live on Zoom from 10:00am – 11:15am on March 29th for a jam-packed hour of learning and a question & answer session from Senior Mortgage Advisor, John F. Kay.

John has over 30 years experience and is ready to equip you with the knowledge to serve your clients with accurate and up-to-date information on their financing options. Whether you’re working with a…

CCAR Scholarships – Apply by Mar. 31

The CCAR Scholarship Foundation provides scholarship awards of up to $10,000 to qualified students residing in Contra Costa County. Their commitment to support higher education is the heart of the Foundation’s desire to make a difference!

Candidates may be either high school seniors, trade school, undergraduate or graduate students. All applicants must strictly comply with the application process and fully meet the Foundation’s requirements.

Completed applications must be submitted by March 31, 2024.

MLS UPDATE:

HomesOpenToday (HOT) & StreetURLs Sunsetting

LAPTOPS ON SALE

Top 5 MLS Support Issues

1. Listing Input – AREA: Are values missing in the Area Field when inputting a listing? This happens when the listing entry information is not completed top to bottom. There is conditional logic set for fields, if you skip the “AREA” field and select fill other fields, you might select a value that is correct but does not correspond with that area. CCAR Member Services recommend you start from the top and work your way down when inputting a listing.

2. CDOM Reset (how many days for that field to be reset): Cumulative Days on Marketing (CDOM) is set to zero on a new listing after the previous listing is marked canceled/expired/sold for 30 days.

3. Cannot find a NORCAL MLS ALLIANCE listing (Using AREA or forgot to add the two letters in front [ME, SF, ML, or BA]): When searching for a listing, it’s best to use the address, city, or map. Using the “Area” field may eliminate listings because each MLS has different values to what AREA represents. As more data share listings are added to the MLS, the AREA field can become more complicated.

4. Searching by MLS Number: MLS numbers may be duplicated as a result of data sharing. To help eliminate this, add the initials of the MLS from which the data is coming from.

5. Cannot find Buyer Agent when changing listing to Pending: Sometimes if the buyer agent is from another MLS via data share, their profile may not be selectable. CCAR is working with our MLS vendor to resolve this issue. A workaround is to email Member Services at [email protected] providing the information and they can update the listing.

CCAR ANNUAL SPONSOR

Weekly Jolt – 031423

CONTRA COSTA ASSOCIATION OF REALTORS^®

WEEKLY NEWSLETTER | MARCH 14, 2023

West County Marketing Meeting – This Thursday

Join us this Thursday for the West County Marketing meeting from 8:45am to 10:00am at the Hercules CCAR Office: 500 Alfred Nobel Dr., Suite 265.

Gain expert knowledge from Real Estate Attorney, Jean Shrem, on new 2024 Laws and the commission lawsuits filed nationwide. Come with questions, you’ll have an opportunity to ask them directly!

The West County Marketing Meeting is free to attend and a light breakfast will be served.

CCAR Scholarships – Apply by Mar. 31

LAPTOPS ON SALE

Subscribe today to get
RENTSPREE PRO Preferred Pricing!

With RentSpree PRO, rental transactions and marketing become even easier. Subscribe today to unlock automated reference checks, secure file sharing, unlimited agent reviews and digital signatures. Lock in our preferred pricing of $9.99 per month and take your rental business to the next level!

MLS UPDATE:

Top 5 MLS Support Issues

4. Searching by MLS Number: MLS numbers may be duplicated as a result of data sharing. To help eliminate this, add the initials of the MLS from which the data is coming from.

CCAR ANNUAL SPONSOR

REALTORS® Applaud Bill To Raise Capital Gains Exclusion

LOS ANGELES (March 1)

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to the “More Homes on the Market Act,” reintroduced today by House Representatives Jimmy Panetta (D-CA) and Mike Kelly (R-PA). The bipartisan bill increases the capital gain exclusion amounts on the sale of a principal residence to $500,000 for single filers and $1 million for joint filers and indexes the exclusion for inflation.

“California REALTORS^® thank Congressman Panetta for reintroducing the ‘More Homes on the Market Act.’ This bill will provide necessary tax relief for California homeowners, particularly senior citizens, who have been unable to move because of the tax burden that could result if they were to sell,” said C.A.R. President Jennifer Branchini, a Bay Area REALTOR^®.

“For working Californians, a home is their biggest and most important investment. However, because the capital gains exclusion was passed 25 years ago with no indexing for inflation, fewer and fewer families have been able to downsize and access the equity built up in their homes. This has resulted in fewer homes being available for younger and first-time homebuyers to move into, which has driven up demand and home prices even more.”

The National Association of REALTORS^® estimates that in California, as many as 95 percent of single homeowners and 68 percent of married homeowners who purchased their homes before 2000 could face capital gains tax if they sold their home this year.

Leading the way… ® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 220,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

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