Alameda Association of REALTORS® Serving the City of Alameda since 1922 Winter 2008 A Message from the President… By Dianne Richmond On behalf of the Board of Directors, I would like to wish our members a happy and successful 2008. Last November, the 2008 Directors met with the 2007 Directors to Voice of Real Estate in Alameda establish goals for this year. Taking into account the changing real estate market, we decided to focus on the need to develop, implement and promote programs and services to help our members remain successful. The Technology and Education committees have been combined to meet these needs. This committee, co-chaired by Rolando Basora and Pacita Dimacali, will develop a plan for the coming year. If you have any suggestions, they would be greatly appreciated. The AAOR will continue to participate in activities that promote availability and affordability of housing in Alameda. In October, 2007 the Association applied for and successfully received a grant from the California Association of REALTORS® Housing Affordability Fund. toward the building of 8 th affordable homes in Alameda at Buena Vista Commons. On December 14 , a check for $50,000 was presented to the Alameda Development Corporation during our AAOR volunteer workday. Additional workdays are expected to be announced and your participation with this community effort will again show that we are dedicated to this cause. We plan to support this project until completion in August or September of 2008. Our Local Government Relation and Public Relation committees will continue to bring political awareness and involvement among our membership. We want our members to become more visible and active in local affairs and the Association needs to be recognized as a Player in the city. This year a new committee has been formed: the Commercial Committee. If you are interested in joining this, or any of our committees, please contact Dee at the office for more information. The schedule of committee meetings is also available on our website: www.AlamedaAOR.org . I look forward to representing you this year and wish you all a prosperous 2008! Alameda AOR hosts DRE Commissioner Jeff Davi By Peter Holmes, REALTOR® Affiliate California’s Real Estate Commissioner Jeff Davi was the keynote speaker at a luncheon hosted by our Association recently. Joining Mr. Davi from Sacramento was Maria Giuriato, California’s Real Estate Industry Liason. The two hour luncheon, held on Thursday, February 21st at the Elk’s Club, featured an in depth operational report from the State’s top real estate regulator. Among other things, Mr. Davi updated the crowd on the Department’s progress in managing and regulating real estate licensees. “To give you some scope on the magnitude of our licensing program, it is estimated that 1 out of every 52 adult Californians currently holds a real estate license,” Davi reported. With so many licensees, the Department’s focus has been upon reviewing the status and managing the educational requirements to distribute and maintain a real estate license. Ms. Giuriato also spoke to the group, updating attendees on the State’s ongoing efforts to counsel homeowners facing foreclosures. She has personally coordinated several large “townhall” type meetings throughout the State to answer questions and provide loan workouts for California homeowners facing mortgage resets. For more information on these State services, go to dre.ca.gov. The lunchtime presentation concluded with a brief question and answer session, in which Mr. Davi shared some thoughts on the housing market, observing that the foreclosure problems in the State could ease as we move into the later part of 2008. He additionally championed the notion of affordability for Californians’ housing, supporting the recent temporary raising of the conforming loan limit. On hand for introductions was our President, Dianne Richmond and Master of Ceremonies Jeffrey Schwalm. Congratulations Alameda Association of REALTORS® 2008 Board of Directors DIANNE RICHMOND President Gold Coast Real Estate 1300 Encinal Avenue Alameda, CA 94501 Office: 510.748.5410 firstname.lastname@example.org EILEEN WALKER President-Elect KEIKO McDONAH Director Alameda Realty Prime Properties Real Estate 1902 Broadway 2994 Johnson Avenue Alameda, CA 94501 Alameda, CA 94501 Office: 510.522.8585 Office: 510.522.4449 Cell: 510.333.8897 email@example.com firstname.lastname@example.org ERIC LIM Treasurer ROB PLATT Director Prudential California Realty Robb Platt & Associates 660-A Central Avenue 2199 Harbor Bay Parkway Alameda, CA 94501 Alameda, CA 94502 Office: 510.337.8670 Office: 510.823.8001 email@example.com firstname.lastname@example.org ANGELA McINTYRE Past President STEVE SORENSEN Director Gallagher & Lindsey Harbor Bay Realty 2424 Central Avenue 885 Island Drive, Suite 200 Alameda, CA 94501 Alameda, CA 94502 Office: 510.748.1121 Office: 510.814.4888 email@example.com Cell: 510.914.3003 firstname.lastname@example.org DANIA ALVAREZ-MORRONI Director TROY STATEN Director Harbor Bay Realty Gallagher & Lindsey 885 Island Drive 2424 Central Avenue Alameda, CA 94502 Alameda, CA 94501 Office: 510.814.4832 Office: 510.748.1125 email@example.com TroyOZ@aol.com 2008 Committees & Chairperson AFFILIATES / INFORUM: Jeffrey Schwalm EDUCATION & TECHNOLOGY: Rolando Basora & Pacita Dimacali AWARDS & RECOGNITION: Angela McIntyre FINANCE / BUDGET: Eric Lim BY LAWS / POLICY: Eileen Walker HOUSING AFFORDABILITY: Victor Jin CHAMBER OF COMMERCE: Walt Jacobs LOCAL GOV’T RELATIONS: Rob Platt COMMERCIAL: Victor Jin INSTALLATION: Constance Farber COMMUNITY EVENTS ADOPT-A-CLASSROOM: Anne DeBardeleben MEMBERSHIP: Angela McIntyre 4TH OF JULY PARADE: Eileen Walker NOMINATING: Evelyn Kennedy FUND RAISER: Fritz Mayer PROFESSIONAL STANDARDS: Evelyn Kennedy EBRDI BOARD: Troy Staten PUBLIC RELATIONS: Peter Holmes -2- CAR Business Meeting Summary – January 2008 Federal Issues 12.19 and 12.20 be added or amended as set forth in underline and 1. That C.A.R. believes that before NAR promulgates a policy on strikeout below: immigration, or decides if they wish to have a policy on immigration, the materials should be presented and voted on by the appropriate 12.10 False or Misleading Advertising and Representations; True NAR committees and the Board of Directors. Picture Standard of Conduct. Participants and subscribers may not engage in false or misleading advertising, including, but not limited to, Housing Opportunity advertisements or representations regarding the participant's or 1. It was reported for information only that the Housing Opportunity subscriber's relationship to the service, about the service itself, or about Committee, following extensive discussion of the “Affordable any property listed with the service. MLS participants and subscribers Housing Definition IBP” during its January 23 meeting, decided to shall present a true picture in their advertising and representations to the exercise the option of creating a 2008 Working Group to further public, including the URLs and domain names they use, and participants evaluate the issue of establishing a C.A.R. definition of “Affordable and subscribers may not: Housing”. This Working Group will consist of up to 11 Members of (a) engage in deceptive or unauthorized framing of real estate the Housing Opportunity Committee as well as 2-3 Invited Guests brokerage websites; from each of the following: (b) manipulate (e.g., presenting content developed by others) listing --Legislative Committee content in any way that produces a deceptive or misleading result; or --Taxation Committee (c) deceptively use metatags, keywords or other devices/methods to --Housing Affordability Fund direct, drive, or divert Internet traffic, or to otherwise mislead Additionally, other Guests may be invited, as determined by the HOC consumers. Leadership, in order to take advantage of all potential affirmative … contributors to this discussion. The mission of the Working Group 12.19 Website Name and Status Disclosure. MLS participants’ firm will be to fully “vet” the concept of “affordable housing” in the websites shall disclose the firm’s name and state(s) of licensure in a REALTOR® environment and encompass in the discussions and final reasonable and readily apparent manner. Websites of subscribers report how “home ownership”, the ultimate focus of all affiliated with a participant’s firm shall disclose the firm’s name and the REALTORS®, fits within, or is, in fact, the over-arching factor that subscriber’s state(s) of licensure in a reasonable and readily apparent must be the guiding principle for C.A.R.’s affordable housing manner. discussions, positions, and policies. 12.20 Use of the Terms MLS and Multiple Listing Service. No MLS MLS/Computer & Business Technology participant or subscriber shall, through the name of their firm, their 1. That, subject to NAR approval, C.A.R. Model MLS Rule 10.1 be URLs, their e-mail addresses, their website addresses, or in any other amended as set forth in underline and strikeout below: way represent, suggest, or imply that the individual or firm is an MLS, or that they operate an MLS. Participants and subscribers shall not 10.1 Reporting of Sales. Listings with accepted offers shall be represent, suggest, or imply that consumers or others have direct access reported to the MLS or input into the MLS database as “pending” to MLS databases, or that consumers or others are able to search MLS within 24 hours of the acceptance by the listing broker unless the databases available only to participants and subscribers. This does not negotiations were carried on under Section 9.1 (a) or (b), in which prohibit participants and subscribers from representing that any case, the cooperating broker shall notify the listing broker of the information they are authorized under MLS rules to provide to clients or “pending” status within XX hours after acceptance, whereby the customers is available on their websites or otherwise. listing broker shall then report or input the status change to the MLS within XX hours of receiving notice from the cooperating broker. MLS Working Group report to the MLS or input the listing in the MLS as “pending” and 1. That the recommendations of the four work groups (AE, Data send a copy of the listing’s changed status to the listing broker within Standards, Rules and Governance) be adopted and recommended to the 24 hours after acceptance. The listing shall be published on the MLS H-MLS entity except that: as pending with no price or terms prior to the final closing. Upon final a. further discussion be obtained from the directors with respect to item closing, the listing broker shall report or input the listing in the MLS (1.x.(1)) relating to including sold data in IDX feeds. as “sold” and report the selling price within 24 hours of the final (continued on next page) closing date unless the negotiations were carried on under Section 9.1 (a) or (b), in which case, the cooperating broker shall notify the listing broker of the “sold” status and selling price within XX hours after the final closing date, whereby the listing broker shall then report or input the status change and selling price to the MLS within XX hours of receiving notice from the cooperating broker. Listings which were not input into the MLS as a result of the seller’s instructions may be input into the MLS “sold” data at the listing broker’s option. 2. That, subject to NAR approval, C.A.R. Model MLS Rule 10.2 be added or amended as set forth in underline and strikeout below: 10.2 Removal of Listings for Refusal/Failure to Timely Report Status Changes. The MLS is authorized to remove any listing from the MLS compilation of current listings where the participant or subscriber has refused or failed to timely report status changes. Prior to the removal of any listing from the MLS, the participant and/or subscriber shall be advised of the intended removal so the participant and/or subscriber can advise his or her client(s). [Note: If passed, the current 10.2 and 10.3 will be re-numbered to 10.3 and 10.4 to make room for the above new rule within Section 10 on “Reporting Sales and Other Information to the Service.”] 3. That, subject to NAR approval, C.A.R. Model MLS Rules 12.10, -3- CAR Business Meeting Summary – January 2008 (continued) b. That the three largest broker directors be changed to three from modifications to the protection clause within the listing agreement. the largest ten brokers. The Committee directed staff to create a draft addressing septic, well and boundary issues and the Committee will discuss the listing 2. That the H-MLS entity be formed per the outline from the MLS agreement recommendation on an upcoming conference call. The Governance Work Group except that ownership and control shall Committee also received input from the Common Interest be vested with C.A.R. The control functions outlined in section 4 Development Committee Chair and Vice-Chair to consider changes (dual membership vote) shall be exercised by the Presidents of to the Home Owner Association Information Request (HOA) form. participating AORs and Regional MLSs, as long as they are The Committee will await a formal recommendation from the C.A.R. directors. The Presidents shall cast both entity and Common Interest Development Committee and discuss the proposal weighted votes on behalf of their associations. C.A.R. would in an upcoming conference call. The Committee approved revisions retain ultimate control as required by the corporate code. to the Cancellation of Listing (COL) and the Purchase Agreement Addendum (PAA) forms. The Committee also approved the 3. That the H-MLS entity be funded with the balance of the creation of a new form titled “Trust Advisory” (TA) with some $500,000 previously authorized (estimated to be about $475,000). modification. The Committee tasked staff to explore the feasibility of creating a standardized REO purchase agreement in collaboration 4. That the initial directors be chosen as follows: with representatives from the lending community and report back. a. There will be an open nominating process whereby any Additionally, the Committee instructed staff to create an REO participating entity may submit names. Self nomination is also advisory form. The Commercial Forms study group is scheduled to allowed. have their first meeting on February 8th. The Standard Forms b Obviously no AORs or MLSs have opted to be part of this at the Advisory Committee/WINForms joint study group will coordinate a outset. AOR or regional MLS must complete a form similar to date for their first meeting. The Standard Forms Advisory the one distributed in October stating an intent to participate. A Committee recommended to Leadership that a RPA Study Group be person vying for a slot would have to be from one of the AORs or established. Finally, the Committee reviewed 4 of the 60 comments MLSs making such a declaration. received and will review the balance of the comments within an c. The deadline for nominations would be March 1st. upcoming conference call. d. An H-MLS Nominating Committee will be selected by the C.A.R. Officers to vet the nominees. e. The initial board will be selected and appointed by the C.A.R. Need a Local Government Relations Update? Officers and reported to the full C.A.R. Board of Directors in June. The LGR committee posts Alameda related Real Estate Finance information on their webpage at 1. That C.A.R., in conjunction with NAR, modify its existing www.AlamedaAOR.org. If you would like to be on policy on risk-based pricing for the FHA mortgage insurance the LGR committee, they meet the last Friday of programs so it: --Does not disadvantage the market FHA was designed to serve, each month, 10am at the AAOR Office. --Does not rely solely on FICO scores but considers compensating factors; including, but not limited to rental, cellular phone, utility, insurance premiums and medical payment history, --Does not mandate a specific down payment for purchase borrowers, but instead adjust pricing based on down payment and loan-to-value ratio, and --Does not use risk based pricing models to qualify borrowers. 2. That C.A.R., in conjunction with NAR, support the development and preservation of affordable housing through the creation of a National Affordable Housing Trust Fund that does not take money away from other federal, state and local housing programs; and oppose any Trust Fund whose sources of funding negatively impact housing prices, transaction fees or loan costs. 3. That C.A.R., in conjunction with NAR, accept the end of federal subsidies for non-primary residences that were built pre- Flood Insurance Rate Maps (FIRM) and are required to have flood insurance; but, the program must provide comprehensive coverage for second homes, vacation homes and rental properties. 4. That C.A.R., in conjunction with NAR, support allowing the National Flood Insurance program to offer coverage for wind. 5. That C.A.R., in conjunction with NAR, increase the REALTORS® presence on Capitol Hill while congress is debating the issue of subprime and mortgage reform. This would include utilizing NAR’s and C.A.R.’s existing policy to advocate for or against individual provisions within subprime and mortgage reform bills. Standard Forms Advisory 1. It was reported for information only that the Standard Forms Advisory Committee received reports from 12 Regional Representatives. The reports included recommendations regarding creating a septic, well and boundary line addendum and making -4- Social Security Numbers – Removed! The National Association of REALTORS® and the California Association of REALTORS® have purged all social security number information from their databases. You will no longer be asked to provide the last four digits and should never be asked to reveal your number. Member Benefits Sterling Mortgage Inc. Are you aware, as a member of NAR & CAR, you can receive discounts on various products and services? Your Alameda Mortgage Experts! • Quick pre-approvals NAR offers discounts at Dell computer, Car Rental Agencies • In-house mortgage bank (Avis, Buget & Hertz), Marketing discounts (PSPrint, • Onsite underwriting eNeighborhoods and more), Office Solutions (FedEx, Pitney www.sterlinghomeloan.com Bowes, Xerox) as well as a REALTOR® Platinum Visa Card. “It’s our goal to earn our customer’s business with For a complete list of benefits, go to the NAR Website: the widest selection of loan programs at the lowest http://www.realtor.org/realtor_benefits/index.html. rates available, while always placing an emphasis on CAR offers Insurance (Medical, Dentail, Pet, E&O, Worker’s value, honesty, and integrity…” Compensation), Technology (Verizon) and Office Solutions (including Paychex and UPS). Visit www.car.org/memberadvantage for more information. Peter Holmes Real Estate Loan Consultant AAOR Commercial Committee New this year!! If you are interested in Commercial, this is 510.749.7772 the meeting for you! They meet the 3rd Friday of each month at Pier 29 at 9am. Alameda Local Disclosure Update Our Local Government Relations committee submitted an update to the current version of our Alameda Local CAR Forms Update – Nov. 2007 Disclosure to include section 25: Automatic Gas Shutoff Valves. To download a copy, dated 12/07 visit the AAOR New Forms website at www.AlamedaAOR.org RESOURCES menu. NTF Notice of Transfer Fee SSA Short Sale Addendum SSL Short Sale Listing Addendum (Released 8/07) Revised Forms AVID Agent Visual Inspection Disclosure MHPA Manufactured Home Purchase Agmt & Joint Escrow Instructions MIMO Move In/Move Out Inspection MT Modification of Term: Authorization & Right to Sell, Acquire or Rent NTT Notice of Termination of Tenancy RPA-CA California Residential Purchase Agreement & Joint Escrow Instructions RR Request for Repairs SPQ Seller Property Questionnaire TAA Trust Bank Account Records for All Trust Funds Deposited & Withdrawn TAB Trust Bank Account Record for Each Beneficiary TAP Trust Bank Account Record for Each Property Managed VLPA Vacant Land Purchase Agmt & Joint Escrow Instructions WHSD Water Heater & Smoke Detector Statement of Compliance -5- Alameda Association of REALTORS® Business Development &Tech Faire 2007 Year in Review 3 Annual Funky Formal rd th April 27 October 6th at the Oakland Airport Hilton Oakland Airport Hilton Nationally recognized With your help, we guest speakers and raised $27,000 to benefit vendors! Alameda Education Foundation! CAR Legislative Day July 4th Parade June 6th Our esteemed Members from President-Elect Alameda, Oakland & Dianne Richmond Berkeley shared a bus for the trip to S t HAF Grant Alameda successfully Affiliate of the Year obtains a $50,000 grant Peter Holmes from CAR’s HAF for Buena Vista commons. REALTOR® of the Year REALTORS® work with Jerry Nussbaum Habitat for Humanity on the project. R T U Inforums Education O O U T AUSD, Paragon, R Tax Strategies, Digital S HOA Loans, Photography, Condo Conversion, d’ R’ Trust & Probate, ePro, Outlook, E PDA usage, CAR Legal, A K Alameda Landing, Risk L O Alameda Planning & Management A R Permits th M EDA May 17 REALTORS® & Affiliates biked to work, our Inforum and on B Diane is well know in the city We leave 2007 with our annual Installation of Officers & Directors She sits on you-name-it committee It’s a trait rather beautiful 2007 CAR President Colleen Badagliacco issued the oath of office and our Her being do dutiful very own REALTOR® Poet Laureate Steve Andersen shared these words… And to boot she’s got legs that are pretty. The intent of this brief composition We’re impressed that our new Presidente To confront you with this admonition Is both able and so caliente We’re behind in our backing Now Angela, what can I say With a clever design Our kudos are lacking When you’re with us it brightens our day To keep us in line It’s time to display recognition. It must make you weary While acting in loco parente. Being God awful cheery She’s cheerful, she’s charming, she’s smart While our market’s been wasting away. She’ll wear quite a number of hats And all of it comes from the heart None of which will permit the ersatz With a smile she’ll engage us So for leading the group with such zest In a role matriarchal In a way that’s contagious We thank you and wish you the best She’ll throw in some sparkle Charisma scores way off the chart. As our leader emeritus She’ll need to, it’s like herding cats. We acknowledge your veritas Her ability’s something to see Your tenure has left us impressed. So we welcome Ms. Richmond indeed Every task is performed to a tee She’s filling an ongoing need Improvements abound To head up our group When this woman’s around Without being a poop So it’s time to say thank you to Dee. And for that, we all wish her Godspeed. -6- Welcome… to our Island City Association! NEW REALTOR® MEMBERS NEW AFFILIATE MEMBERS • JOSEPH ANNUNZIATO • PEG ADAMS ANNUNZIATO & ASSOCIATES FIDELITY HOME WARRANTY • NICK FALCONIO • CATHY CAMPBELL PRUDENTIAL CALIFORNIA REALTY HOMEGUARD INC. • MARC JASON FOURNIER • DENNIS EVANOSKY BLUEWATER FUNDING ALAMEDA SUN • JACK GLENNON • EMILY GRIEGO GALLAGHER & LINDSEY PFC FINANCIAL SERVICES, INC. • ANTONIA L. HERNANDEZ • JOHN JACOBS GALLAGHER & LINDSEY07 BANK OF ALAMEDA • RONALD JONES • MYRA LOPEZ HARBOR BAY REALTY CALIFORNIA STATE AUTO ASSOCIATION • PATRICIA K. MOORE • DERRICK LYERLY GALLAGHER & LINDSEY CALIFORNIA STATE AUTO ASSOCIATION • BOBBI VOGEL • MICHELLE MORGAN GALLAHER & LINDSEY HOME EQUITY LINK • BELINDA YOUNG • CHRISTINE REGUERO BAYSIDE REAL ESTATE CALIFORNIA STATE AUTO ASSOCIATION • AMINE ZEREMARIAM C.P. & ASSOCIATES Need a custom sign rider? MEMBERS MAKING CHANGES Real Estate related supplies? SUSAN BATTAGLIA is now with Stop by the AAOR office and browse the store. GALLAGHER & LINDSEY CAROL BURNETT is now with CAROL BURNETT & CO. REAL ESTATE MARY CARDER is now with www.AlamedaAOR.org PREFERRED PROPERTIES OF CALIFORNIA GEORZANN CHACO is now with MANIBUSAN FAMILY REAL ESTATE JACKIE CLOREN, Affiliate, is now with CHERRY CREEK MORTGAGE CO. PATRICIA GOMILLIA is now with PREFERRED PROPERTIES OF CALIFORNIA CATINA HARVEY is now with OMM, INC. FRANK JOHN MANIBUSAN is now with MANIBUSAN FAMILY REAL ESTATE FRANK M. MANIBUSAN is now with MANIBUSAN FAMILY REAL ESTATE DAVID PARK is now with PREFERRED PROPERTIES OF CALIFORNIA AL WAGNERis now with PRIME PROPERTIES REALTY GARRICK WERDMULLER, Affiliate, is now with FIRST FINANCIAL MORTGAGE NAR Code of Ethics Training Between January 1, 2005 and December 31, 2008, every REALTOR® is required to complete 2 1/2 hours of Code of Ethics training. Not yet completed it? Logon to www.realtor.org, click on Education / Code of Ethics for additional information. Take care of this soon before the year flies by… -7- AAOR CALENDAR OF EVENTS EVENT DATE TIME LOCATION MORE INFO Affiliate Committee Mar. 4 9:00am AAOR 523.7229 Ardella Daily (AUSD) & Inforum Mar. 11 8:30am Garden Isle Clubhouse Brooke Briggance (AEF) Board of Directors Meeting Mar. 18 1:30pm AAOR 523.7229 LGR Committee Mar. 28 10:00am AAOR 523.7229 Affiliate Committee Apr. 1 9:00am AAOR 523.7229 Inforum Apr. 8 8:30am Garden Isle Clubhouse TBA Board of Directors Meeting Apr. 15 1:30pm AAOR 523.7229 LGR Committee Apr. 25 10:00am AAOR 523.7229 Affiliate Committee May. 6 9:00am AAOR 523.7229 Board of Directors Meeting May 20 1:30pm AAOR 523.7229 AAOR Office Closed May 26 Memorial Day LGR Committee May 30 10:00am AAOR 523.7229 SAVE THE DATE th June 4 Legislative Day Bus Trip to Sacramento Alameda Association of REALTORS® 2504 Santa Clara Avenue, Suite 1 Alameda, CA 94501 The Alameda Association of REALTORS® does not recommend or endorse any paid advertising within this publication.