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Daily Digest – Chris Draft

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Welcome to your daily zap of information from CCAR!

Need a lockbox? Call Member Services at 925.295.1270 to make an appointment for pick up on Tuesdays and Thursdays between 9 and 11am.
Heading to the office? Please visit go.ccartoday.com to screen for COVID-19 symptoms.
View the CCAR Calendar.

daily digest sample

MLS UPDATE:

compliance file

MLS Compliance – Use of Agent Reports

Agent Reports are for agent eyes only! Be careful when providing listing data to your clients and consumers to avoid an MLS Rules Citation including a fine. There is sensitive MLS data displayed on Agent Reports that should not be…

Read More »
photographing kitchen

MLS Rule Change 11.5 – Photo Retention

To ensure that the Paragon 5 MLS continues to provide a useful database of listings for comparables and appraisals, the CCAR MLS Rules and Regulations will be updated. This change allows CCAR to adhere to…

Read More »
Rules an regulations book

MLS Rule Changes – August 3, 2020

The following CCAR MLS Rules and Regulations will be modified, effective August 3rd.
7.4.1 Time Frame Definitions.
7.7 Service Area
7.7.1 Service Area Defined
7.19.1 Extension for Protected…

Read More »

2020 ANNUAL SPONSORS:

bank of america logo 2019
berkshire logo
j rockcliff logo
leadhax logo

Weekly Jolt – Chris Draft

by

CONTRA COSTA ASSOCIATION OF REALTORS
WEEKLY NEWSLETTER     |     JULY 14, 2020

Click a title below to view detailed contents by topic.

Top News

•  CCAR Offices Closed Again
•  CA Shut Down Does Not Affect Broker Offices
•  Govt. Advocacy Wins Keeping You in Business
•  Oakland DRE Exam Center Closed through July
•  West County Marketing Meeting – July 16
•  Districts 2 & 4 Member Town Hall – July 22
•  C.A.R. & NAR Fall Conferences Go Virtual

Covid-19 Updates

CCAR COVID-19 Updates on ccartoday.com
C.A.R. COVID-19 Updates
Contra Costa COVID-19 Updates

Education

• CBA: Tenant Representation
   Wed, Jul 15  |  10am – 12pm  |  Live Webinar

• NAR: 5 Options for Dealing with Debt
   Wed, Jul 15  |  11am – 12pm  |  Live Webinar

• 
All New Homespotter App

   Wed, Jul 15  |  12pm – 1pm  |  Live Webinar

•
CBA: Lease Negotiations

   Wed, Jul 15  |  12:30pm – 2:30pm  |  Live Webinar

•
Intro to Listing Input & Maintenance

   Thu, Jul 16  |  1pm – 3pm  |  Live Remote Class

• Market Yourself w/ Homesnap Pro

   Thu, Jul 16  |  1pm – 1:30pm  |  Live Webinar

• License Renewal Crash Course w/ REVEI
   Fri, Jul 17  |  9:30am – 12:30pm  |  Remote Class

• Intro to RPR
   Mon, Jul 20  | 1pm – 3pm  | Live Remote Class

• Transactions (zipForm Edition) for Brokers/Teams
   Tue, Jul 21   | 1pm – 2pm  | Live Remote Class

Visit the CCAR Calendar to view/register for additional online training opportunities >
Click here for a printable education calendar >

MLS Updates

•  MLS Compliance – Use of Agent Reports
•  MLS Rules Change Effective August 3
•  MLS Rule Change 11.5 – Photo Retention
•  C.A.R. Update on Coronavirus Market Impacts
•  Property Watch Now Available!
•  Expanded MLS Data Access Coming in 2020

Laptops on Sale:

AT YOUR SERVICE:

Click an image below to learn more about the many benefits and services you receive with CCAR/CCAR MLS Memberships.

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CCAR Offices Closed; Lockbox Services Available by Appointment Only

In response to the new State of California variance to the Shelter-in-Place Order, CCAR offices in Walnut Creek and Richmond will be closed until further notice. Despite office closures, CCAR will continue to provide uninterrupted membership services, including regularly scheduled committee meetings, via remote access.

Lockbox services will be available by appointment only on Tue and Thu between 9:00 – 11:00am. Please contact Member Services to schedule appointments at 925.295.1270, Mon – Fri, 8:30am – 5:00pm.

CA State Shutdown Order Does Not Affect Brokers or Offices

On Monday, July 13 Governor Newsom issued a new shutdown order–this order does not affect the current practices of real estate brokers or their offices. Real estate remains an essential service in California and Contra Costa County.

Resources:
•  State County Variance Info >
•  Essential Services Info >
•  C.A.R. Best Practices >
•  C.A.R. FAQ Reopening Brokerage Offices >

Rostrum with microphone and computer in conference hall

Districts 2 & 4 Virtual Member Town Hall – July 22

CCAR District 2 & 4 Members, (Lafayette, Orinda, Moraga, Canyon, Danville, San Ramon, Alamo and Diablo) join CCAR directors and staff for a virtual Town Hall Meeting via Zoom. Receive updates on New Rules and…

Read More »
Standardized test exams

Real Estate Exams & COVID-19

The Department of Real Estate (DRE) is cancelling real estate salesperson and broker license exams at the Oakland Exam Center through July 31, 2020. This action is being taken to comply with state and local public health agencies ordering residents to shelter…

Read More »

West County Marketing Meeting – Apr. 20

Join us this Thu., Apr. 20 from 8:45-10:00am at Mechanics Bank, 3190 Klose Way in Richmond. Join Nathan Toothman, Founder of BEAR Engineering for a Foundation and Drainage training session! Nathan will cover Foundation and Drainage basics, what to look for and how to best help your clients, and when an inspection may be necessary. 

The West County Marketing Meeting is free to attend and includes a light breakfast and beverages.

Read More »
Rostrum with microphone and computer in conference hall

Districts 2 & 4 Virtual Member Town Hall – July 22

CCAR District 2 & 4 Members, (Lafayette, Orinda, Moraga, Canyon, Danville, San Ramon, Alamo and Diablo) join CCAR directors and staff for a virtual Town Hall Meeting via Zoom. Receive updates on New Rules and…

Read More »
virtual conference

C.A.R. and NAR Fall Conferences Go Virtual

Free online programming will enable more members to participate in annual Association conferences, once available only to those who attended live meetings on location.

This year, both C.A.R. and NAR will conduct customized virtual conference programming to accommodate national restrictions around the COVID-19 pandemic. Stay tuned. More information and registration opportunities will be announced soon.

C.A.R. REImagine Virtual Conference & Expo Oct 12-14 >
NAR Virtual Conference & Expo: Nov 13-16 >

MLS UPDATE:

compliance file

MLS Compliance – Use of Agent Reports

Agent Reports are for agent eyes only! Be careful when providing listing data to your clients and consumers to avoid an MLS Rules Citation including a fine. There is sensitive MLS data displayed on Agent Reports that should not be…

Read More »
photographing kitchen

MLS Rule Change 11.5 – Photo Retention

To ensure that the Paragon 5 MLS continues to provide a useful database of listings for comparables and appraisals, the CCAR MLS Rules and Regulations will be updated. This change allows CCAR to adhere to…

Read More »
Rules an regulations book

MLS Rule Changes – August 3, 2020

The following CCAR MLS Rules and Regulations will be modified, effective August 3rd.
7.4.1 Time Frame Definitions.
7.7 Service Area
7.7.1 Service Area Defined
7.19.1 Extension for Protected…

Read More »
Housing market risk

C.A.R. Update on Coronavirus Market Impacts:

Overall, preliminary indications are that the housing market recovered much of its lost ground in June and economic data continues to improve. Still, uncertainty has also grown in…

Read More »
The Bay Area in Northern California

NORCAL MLS ALLIANCE

Previous Next NORCAL MLS ALLIANCE The NORCAL MLS ALLIANCE is a groundbreaking MLS Data integration project involving the 7 leading MLSs in Northern California. Launched

Read More »
binoculars

Property Watch (Paragon 5)

Property Watch helps agents quickly and easily stay up-to-date with updates that are made in property data to properties they select. Armed with the most current data about a property, agents can market their services to potential customers – before the…

Read More »

2020 ANNUAL SPONSORS:

bank of america logo 2019
berkshire logo
j rockcliff logo
leadhax logo

Offices Closed; Lockbox Services Available by Appointment Only

by

In response to the new State of California variance to the Shelter-in-Place Order, CCAR offices in Walnut Creek and Richmond will be closed until further notice. Despite office closures, CCAR will continue to provide uninterrupted membership services, including regularly scheduled committee meetings, via remote access.

Lockbox services will be available by appointment only on Tue and Thu between 9:00 – 11:00am. Please contact Member Services to schedule appointments at 925.295.1270, Mon – Fri, 8:30am – 5:00pm.

CA State Shutdown Order Does Not Affect Brokers or Offices

On Monday, July 13 Governor Newsom issued a new shutdown order–this order does not affect the current practices of real estate brokers or their offices. Real estate remains an essential service in California and Contra Costa County.

Resources:

•  State County Variance Info >
•  Essential Services Info >
•  C.A.R. Best Practices >
•  C.A.R. FAQ Reopening Brokerage Offices >

C.A.R. Update on Coronavirus Market Impacts:

by

Housing market risk

July 15, 2020 
Many positive signs abound for California’s economy and housing market. However, much of the recent data has yet to be impacted by the spike in Coronavirus cases and positive tests.

Overall, preliminary indications are that the housing market recovered much of its lost ground in June and economic data continues to improve. Still, uncertainty has also grown in recent weeks and the downside risks have also increased with a larger likelihood that the recent recovery could lose some momentum in coming weeks.

Housing demand remains robust: New mortgage purchase applications increased last week by 4.3% from the previous week. This follows three weeks of softer weekly numbers following the holiday weekend. However, on a year to year basis, mortgage applications remain much stronger than they were at the same time in 2019 with 15% more applications filed last week.

Rates at all-time low levels: The typical rate for a 30-year fixed-rate mortgage fell to a new all-time low-level last week. At 3.03%, rates dipped another 4 basis points from the previous all-time low of 3.07%. In addition to a slowly recovering economy, these low interest rates are likely behind the strong buyer demand observed during the past two months. The looming question remains whether enough inventory will come onto the market to satisfy such robust demand.

Evidence of pent-up demand: There is also growing evidence that many home purchases were merely delayed during the lockdown. A recent survey by Bankrate.com found that 9% of homebuyers delayed their purchase due to Coronavirus. As unemployment has fallen in successive months and rates remain near all-time lows, more of these homebuyers should continue to reenter the market—an idea that is supported by rising demand for showings and mortgages.

California housing sentiment continued to improve in July for sellers: The percentage of Californians surveyed in July who thought it was a good time to sell a home improved to 44%. That marks the third consecutive improvement after declining by more than half during March. And, although July’s reading was below the pre-coronavirus peak, the percentage of Californians who thought it was a good time to buy was only slightly lower than it was in 2019.

California unemployment claims higher now than late May/early June: California’s labor markets have made tremendous progress over the past two months. However, the number of initial unemployment claims, which represent people who only just lost a job, remain stubbornly high. The number of job losses spiked three weeks ago to almost 285,000 and although they have since declined, they remain above the levels of late May and early June. In addition, continuing claims (for those that remain unemployed) total more than 2.75 million. Much progress has been made, but there is still a lot of healing left to do.

Governor closes many parts of California again: This week, the governor ordered the closing of many establishments including bars, restaurants, and other businesses. Real estate remains an essential service under the previous rules, but homebuyers, sellers, business owners, and the economy at large will likely see an impact on activity in coming weeks as more people stay home.

REALTORS® reporting slowing activity last week: California REALTORS® also reported softer activity last week as the number of coronavirus cases began to rise. The percentage of REALTORS® who entered escrow last week fell to 30% from 31% the previous week. Fewer (24%) reported having a transaction close last week, and the percentage that listed a property last week also fell from 26% to 23%. Additionally, 20% of REALTORS® reported having a seller reduce list price to attract a buyer last week—up from 17% the week before.

Buyers less optimistic about buying a home in July: Although sentiment around whether it was a good time to sell a home improved in July, the percentage of Californians that thought it was a good time to buy a home in California dipped to 31% in July from 32% in June. This survey was conducted over the past two weeks. Californians remain more optimistic than they were before the crisis, likely due in large part to historically low interest rates, but they were slightly less optimistic than they were in June.

Overall, there are many positive signs in the housing market specifically, and for the economic environment more generally. The fundamentals for housing demand including low interest rates, increasing number of jobs, and falling unemployment are all being observed. Unfortunately, we must also remain cautious because the pandemic is still with us, parts of the economy are shutting down again, and most importantly, a lack of housing supply on the market is still preventing too many homebuyers who want to from being able to take advantage of these phenomenal rates and get a foot on the property ladder.

2020 Copyright © CALIFORNIA ASSOCIATION OF REALTORS®. All Rights Reserved. https://www.carcovidupdates.org/market-update

MLS Compliance – Use of Agent Reports

by

compliance file

Agent Reports are for agent eyes only! Be careful when providing listing data to your clients and consumers to avoid an MLS Rules Citation including a fine. There is sensitive MLS data displayed on Agent Reports that should not been seen by the general public.

CCAR is aware agents are providing printouts of Agent Reports to clients and including Agent Reports in their transaction management software (i.e. zipForms, Skyslope, Disclosures.io, etc.). Only provide “Client Report View” printouts to the public. If you are placing agent reports in your transaction management software make sure that no one other than MLS Participants or Subscribers can see that report.

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