Realty Investment Association of California - RIAOC

Welcome to the Realty Investment Association of California

Our 50th Year of "Success through Cooperation!"

RIAOC Meeting agenda includes Early-Birds, Tax, Legal, Legislative, Financial News and a Speaker.

Next Meeting is: 6/12/2018 - Ruth John, Transamerica Financial Advisors, Inc., TFAConnect.com
“Life insurance as a retirement planning tool.”

*Our Current Workshops are: The LISTING CORNER, "OUT of the BOX", COMMUNICATION and the LAND Workshops

This Weeks Workshop: "Out of the Box Workshop" with Carl Sherrell. This is an opportunity to open your mind to new possibilities in this business, and also to share some of your own insights and get your creative juices flowing.
Here’s what Carl wrote about his presentation this week……"The June 2018 - “Out-of-The Box Workshop” will host a discussion of the FREE conflict resolution tools & articles as offered by Ron Kelly … re: www.ronkelly.com

We can think & think about … “MEDIATION - Fighting With Anyone? … Here are free conflict resolution tools you can use right away" -
"20 Key Questions Before You Meet …, You may be heading to a nasty fight, but you're going to meet first. -
You want the problem solved sooner - not later.---  You'd rather spend your time & money on better things. …"

Have interest in learning how to do Commercial, Land or Investment Real Estate?
Please attend one of our workshops. We will share our knowledge and help you learn how to list and market your listings by helping you learn the "ins and outs" of the investment real estate business.

Network Meeting 7:30 A.M.; General Meeting 8:30A.M. Workshops at 9:30.

News & Announcements -

The California Bureau of Real Estate (CalBRE) will cease to exist, and will become the Department of Real Estate(DRE), effective July 1, 2018.
California Senate Bill 173, signed by Governor Brown on October 15, 2017, removes CalBRE from bureau status under the Department of Consumer Affairs and returns it to department status under the Business, Consumer Services and Housing Agency. The California Department of Real Estate became a bureau on July 1, 2013, as part of a government reorganization plan instituted in 2012.
The change is not expected to impact consumers, licensees or license applicants as the regulatory authority remains the same and no contact information will change.

RIAOC OFFERS THE OPPORTUNITY TO LIST ONE OF YOUR HAVES AND WANTS FOR FREE! (Gold Sheet)
THE FIRST AD IS FREE! All members can list one of their Haves and Wants in the Gold Sheet for Free (Add'l Ads $3/Line). Get all the benefits of using the Gold Sheet. Tell everyone what properties you "Have" available for purchase or tell everyone what your Clients are looking for and "Want"!

The 10 steps to saving the Constitution come from the Heritage Foundation’s newsletter.

Don't miss the Ronald Reagan Page or The Star Spangled Banner (sung the right way!)(again by Daves Highway)

Quote of the Week: "Any fool can criticize, condemn and complain -- and most fools do." Benjamin Franklin

Business Tip of the Week Athletes at the Winter Olympics got there by setting very high goals and then persistently pursuing them when setbacks came. Those same actions will get us where we want to go in business.

2018 New Laws Affecting REALTORS®

Here is a Summary produced by C.A.R - 2018 New Laws
For the full text of the law please go to http://leginfo.legislature.ca.gov/ for California laws or http://www.gpo.gov/fdsys/ for federal laws.

2017 New Laws Affecting REALTORS®

Here is a Summary produced by C.A.R - 2017 New Laws
For the full text of the law please go to http://leginfo.legislature.ca.gov/ for California laws or http://www.gpo.gov/fdsys/ for federal laws.

2016 New Laws Affecting REALTORS®

Here is a Summary produced by C.A.R. - 2016 New Laws
For the full text of the law please go to http://leginfo.legislature.ca.gov/ for California laws or http://www.gpo.gov/fdsys/ for federal laws.

2015 New Laws Affecting REALTORS®

1. Disclosure Regarding Real Estate Agency Relationships (C.A.R. form AD) must be delivered on commercial transactions -
Presently, the Disclosure Regarding Real Estate Agency Relationships form (C.A.R.’s AD form) is required for real property transactions involving residential one to four dwelling units, leases of greater than one year and manufactured homes (if negotiated by an agent).  Existing law also requires the listing or selling agent to disclose to the buyer and seller whether he or she is acting as the buyer’s agent exclusively, the seller’s agent exclusively, or as a dual agent representing both the buyer and the seller. This disclosure is typically made through the confirmation of agency relationships on the first page of CAR purchase agreements.
Under the law, the AD form and confirmation will be required for any commercial, vacant land or industrial property; or any residential 1 - 4 property.
Senate Bill 1171 codified as Civil Code §2079.13. Effective January 1, 2015.

2. Energy Use Disclosure (AB 1103) Requirements for Commercial Property: Compliance on or after July 1, 2014 total gross square foot area measuring 5,000 square feet up to 10,000 square feet delayed to July 1, 2016
The sale or lease of commercial property meeting certain square footage measurements requires the delivery of energy use disclosure to the prospective buyer or tenant. The disclosure trigger was to become effective for the sale of lease or commercial property measuring between 5,000 and 10,000 square feet on July 1, 2014.  The California Energy Commission amended subdivision (c) of section 1682 of title 20 of the California Code of Regulations as an emergency regulatory action to change the effective date from July 1, 2014 to July 1, 2016 when the disclosure requirements of Public Resources Code section 25402.10 apply for a nonresidential building with a total gross square foot area measuring 5,000 square feet up to 10,000 square feet. The Office of Administrative Law approves this emergency regulatory action pursuant to sections 11346.1 and 11349.6 of the Government Code.
This emergency regulatory action became effective on September 2, 2014 and will expire on March 3, 2015.

3. REOs cannot dictate title and escrow company. This law is known as “The Buyer’s Choice Act,” and is now made permanent

The Buyer’s Choice Act presently prohibits a lender that gained title through foreclosure from requiring upon resale, directly or indirectly, as a condition of selling the property, that the buyer purchase title insurance or escrow services from a particular title insurer or escrow agent. This law applies to residential real property of four dwelling units or fewer.  A seller who violates these provisions is liable to the buyer for an amount equal to three times all the charges made for the title insurance or escrow services.
This existing law was due to sunset in 2015. Now however, the law will continue indefinitely.
Senate Bill 1051 codified as Civil Code §1103.23. Effective January 1, 2015.

Note: For more information and for additional new laws please visit:

http://www.car.org/legal/recent-news-laws/2015Laws

The above information is courtesy of the California Association of Realtors for members only. If you are  a CalBRE licensee and not a member of C.A.R. , You should be!

 

National Commercial Real Estate News From CoStar Group
CoStar Group, Inc.
  • Atlanta's Apartment Boom Finally Reaches Downtown with New Peachtree Center Tower
    Downtown Atlanta no longer must watch from the sidelines as developers race to build high-rise housing in Midtown and Buckhead. Miami's Banyan Street Capital and Greystar are seeing to that with plans to build a $120 million apartment tower atop a Peachtree Center parking deck. While plans for the apartment tower at 161 Peachtree Center Ave. were first discussed about a year ago, this time, the developers have lined up financing. On Thursday, the...
  • Dynegy-Vistra Merger Adds to Downtown Houston's Sublease Market
    Dynegy Inc, a formerly independent electric company based in Houston, has listed roughly 103,000 square feet of sublease space at 601 Travis in downtown Houston after announcing plans to cut 308 jobs at its headquarters. The moves come after Dynegy and Irving, Texas-based Vistra Energy Corp. completed their $1.74 billion merger in April. Vistra, which is the parent company of TXU Energy and Luminant, announced a deal to acquire Dynegy in an all...
  • Ford Buys Abandoned Michigan Central Station in Detroit
    The abandoned Michigan Central Station at 2001 W. 15th St. in Detroit Ford Motor Co. announced its purchase of the Michigan Central Station, an abandoned 504,585-square-foot former intercity passenger rail depot in Detroit’s Corktown district, from Crown Enterprises for an undisclosed pric