Welcome to the Realty Investment Association of California like us

Our 48th year of "Success through Cooperation!"

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

Next Meeting is: 6/27/2017 - Abigale James, Director of Southern California Bisnow.com

7/4/2017 - DARK

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

This Weeks Workshop is: Amir Maloumi will be conducting the monthly "Think Dirt Land Workshop".
If land is what you do, or want to do, this is the workshop for you. Bring you land listing or land wants, and we’ll help you get a deal. This is also a great forum to learn more about the land business. Bring your questions. We’ll answer them. Bring your problems. We’ll help solve them.

Communication Workshops are in need of a new leader, or, If you have an idea for another workshop that would be of benefit to our members, please talk to  Mel Wagstaff at a Tuesday meeting or send him an email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

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 -

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: “You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people's initiative and independence. You cannot help people permanently by doing for them what they could and should do for themselves. “That kind of thinking can cause Civil War. Thoughts on Prosperity. - Abraham Lincoln

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.

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.
  • Two Tallest Buildings On West Coast Making Their Debut in LA, San Francisco
    The tallest building in the western U.S. is officially open, to be followed within days by the debut of the second-tallest building in the west. At 1,100 feet, Korean Air and Hanjin Group's spire-topped Wilshire Grand Center in the Los Angeles Financial District is the tallest building in L.A. and west of the Mississippi River, surpassing the U.S. Bank Tower at 633 W. Fifth St. by 82 feet, and ninth tallest in the U.S. The $1.2 billion, 1.5 million...
  • Government Properties REIT Buying First Potomac for $1.4 Billion
    Following an 18-month 'crash course' in boosting shareholder value under CEO Robert Milkovich, Bethesda, MD-based First Potomac Realty Trust (NYSE:FPO) has accepted a buyout offer from Government Properties Income Trust (Nasdaq:GOV) for $1.4 billion in cash and debt assumption. Government Properties Income Trust, which is managed by the operating subsidiary of alternative asset management company The RMR Group Inc. (Nasdaq: RMR) based outside Boston...
  • Capital Market Round-Up: Goldman Sachs, Others Securitizing Loans for Blackstone’s $790 Million IMT Properties Buy
    A trio of institutional lenders is securitizing $536 million in loans backing 11 multifamily properties totaling 4,488 units that were acquired by Blackstone Property Partners, a real estate affiliate of the giant private equity firm. Blackstone’s LivCor LLC acquired the properties last month for $790.5 million ($180,191/unit) from IMT Capital. The properties are managed by Investors Management Trust Real Estate Group, IMT’s private Los Angeles...