Official publication of
greater
DOWNEY ASSOCIATION OF REALTORS
• 2018 A N N
• 2018 Annual Top Producer Awards & Installation Gala
Presidential Gavel Passed & Top Producing Award winners
1st Quarter 2019 Volume 6 Issue 1
K ET •
• new laws affecting real estate
MAR
• Mortgage fraud is on the Rise
OU
NG
• Annual Market Report
R
RT ON THE H
SI
• 2019 Greater DAOR Committees
UA L
IN THIS ISSUE:
O EP
• Fast and reliable service • We will answer your call • Close on time • Over years of experience • Residential and commercial
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www.telegraphescrow.com
GREATER DOWNEY
ASSOCIATION OF 2018 LEADERSHIP OF GREATER DAOR Executive Directors: Daniel Nevarez, President Ruben Sarinana, President-Elect Michael Berdelis, Vice President Maria Lilley, Treasurer Jeanette Baumann, Executive V.P. Directors: Jesus Guerra Maribel Chavez Jose Perez Remoun Said Luther Sanchez Esther Lee Carrie Uva Immediate Past President: Ericka Saenz
Greater DAOR Chaplain: Miriam Villanueva
C.A.R. State Directors:
Ericka Saenz, Mireya Ruiz, Michael Berdelis, Daniel Nevarez, Jose Perez, Ruben Sarinana, & Josue Barrios, Regional Chair
Greater DAOR Staff
Jeanette Baumann, EVP - evp@DAOR.com
Customer Care Department
Andrew Garcia, communications@DAOR.com Erica Ochoa, education@DAOR.com Selena Mendoza, customercare@DAOR.com
Membership Department
Julie Sartor, julies@DAOR.com Violet Pantoja, bct@DAOR.com Amanda Camarena, membership@DAOR.com Sussie Gonzalez, cs@DAOR.com
REALTORS
12073 Paramount Blvd - Downey, CA 90242 Phone: (562) 861-0915 Fax: (562) 923-9995 www.DAOR.com Monday - Friday, 9am-5pm Saturday, 9am-1pm 24/7 text support :
Text DAOR (562) 659-6730 Volume 6 - Issue 1
This publication is printed quarterly, delivered in March, June, September & December
Education Center
12069 Paramount Blvd Downey, CA 90242
Page 1 - 2 Mortgage Fraud is on the Rise Page 3-4 72nd Installation & Sponsors
SEE PAGE 3
Page 5 2018 Annual Awards Page 6 Are You A Master at Creating Value? Page 7-10 Annual Housing Market Report Page 11-12 New Laws Affecting Real Estate Page 13-14 2019 Greater DAOR Committees Page 15 RevItUp 2019
COMMITEES Budget & Finance Committee Jason Cierpiszewski, Chairperson
Professional Standards Committee
Ernie Sifuentes, Chairperson
Oversight Committee
Vicki Spearman, Chairperson
Affiliates In Action Committee
Gloria Navarro, Chairperson
LCRC Trustees
Scholarship Committee
Local Government Relations
Grievance Committee
Michael Berdelis, Chairperson
Tyler Wirth, Chairperson
Roman Meza, Chairperson
Edwin Acevedo, Chair person
Membership/MLS Technology Committee
Lourdes Galvez, Chairperson
REALTORS Advocating for Political Progress
Jennifer Avellan, Chairperson
REALTOR Community Relations Committee Daniel Andrade, Chairperson
ON THE COVER See Page 3 & 5
MORTGAGE FRAUD IS ON THE RISE
The Corelogic risk index has continually increased for the last seven quarters. CoreLogic® (NYSE: CLGX), a global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report. The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the CoreLogic Mortgage Application Fraud Risk Index. The analysis found that during the second quarter of 2018, an estimated one in 109 applications, or 0.92 percent of all mortgage applications, contained indications of fraud, compared with the reported one in 122, or 0.82 percent in the second quarter of 2017. The CoreLogic Mortgage Fraud Report analyzes the collective level of loan application fraud risk experienced in the mortgage in-
PAGE | 1
dustry each quarter. CoreLogic develops the index based on residential mortgage loan applications processed by CoreLogic LoanSafe Fraud Manager™, a predictive scoring technology. The report includes detailed data for six fraud type indicators that complement the national index: identity, income, occupancy, property, transaction and undisclosed real estate debt. “This year’s trend continues to show an increase in mortgage fraud risk year over year,” said Bridget Berg, principal of Fraud Solutions Strategy for CoreLogic. “Because home prices are rising, and demand is strong, most mortgage fraud in this type of market is motivated by bona fide borrowers trying to qualify for a mortgage. Undisclosed real estate liabili-
“Because home prices are rising, and demand is strong, most mortgage fraud in this type of market is motivated by bona fide borrowers trying to qualify for a mortgage.”
– Bridget Berg, principal of Fraud Solutions Strategy for CoreLogic ties, credit repair, questionable down payment sources and income falsification are the most likely misrepresentations.” Report Highlights: • New York, New Jersey and Florida remain the top three states for mortgage application fraud risk, maintaining the same positions as last year. • All of the top 10 riskiest states showed increases in risk year over year. • States with the greatest year-over-year risk growth include New Mexico, Mississippi, Illinois, Oklahoma and Texas. Of these, New
Mexico, Illinois and Oklahoma now have risk levels greater than the National Index, which grew from 133 to 149 yearover-year. • The conforming loans for home purchases segment shows the greatest risk increase by loan type. • Income fraud risk had the greatest increase year over year, followed by occupancy and transaction fraud. Property and undisclosed real estate debt showed declines in risk. This article is reprinted with the permission of Real Trends Inc. Copyright 2018
PAGE | 2
Greater Downey Association of REALTORS® (DAOR) celebrated their 72nd Installation Dinner/Dance and 2018 Annual Top Producer Awards on February 22nd, 2019. Daniel Nevarez was installed as Greater DAOR’s 2019 president. As a part of Greater DAOR tradition, the immediate past president Ericka Saenz handed over the presidential gavel to our new 2019 leader. Daniel is very excited to serve as Greater DAOR’s 2019 president! Daniel plans on doing many great things for the REALTOR community and has served on many Greater DAOR committees in the past. His willingness and determination to serve is much appreciated by DAOR’s Board of Directors and staff.
PAGE | 3
Thank You Installation & RevItUp Sponsors
PAGE | 4
2018 Annual Awards
Overall Top Ten Offices
Top Ten Producing Greater DAOR Realtors
1ST PLACE - CENTURY 21 ALLSTARS, BROKER JOE VILLAESCUSA 2nd Place - Intero Real Estate Services Downey, Broker Oscar Mendoza 3rd Place - Century 21 A Better Service, Broker David Sarinana 4th Place - Century 21 Realty Masters Norwalk, Broker Arnulfo Ruiz 5th Place - Keller Williams Pacific Estates, Broker Nick Resendez 6th Place - 24 Hour Real Estate, Broker Mel Berdelis 7th Place - Keller Williams Downey, Broker Jason Bosch 8th Place - VIP Real Estate Frim, Broker Alex Felix 9th Place - Century 21 Peak, Manager Russell Skersick 10th Place - Century 21 Jervis & Associates, Broker Jackie Jervis Funk
1ST PLACE - NAHED BENYAMEIN, COLDWELL BANKER ALLSATARS 2nd place - Steven Padilla, Century 21 A Better Service 3rd place - Luther Sanchez, Century 21 Allstars 4th place - Kevin Messiha, Keller Williams Downtown 5th place - Douglas Carrillo, Century 21 Allstars 6th place - Anabella Jimenez, Intero Real Estate Services 7th place - Lluvia Martinez, Executives Group Real Estate 8th place - Brisa Bueno, Century 21 Allstars 9th place - Gabriela Ruiz, Coldwell Banker Allstars 10th place - Diana Hernandez, Century 21 Allstars
Top Ten Producing Real Estate Teams
PAGE | 5
1ST PLACE- MICHAEL BERDELIS, 24 HOUR REAL ESTATE 2nd place - Joe Manjarrez, Century 21 Realty Masters Norwalk 3rd place - Wonnie Kim, Kim Real Estate & Jennifer Avellan, Keller Williams Realty Downey 4th place - Ramon Sanchez, Keller Williams Pacific Estates Cerritos 5th place - Eloy Villamil, Remax Innovative 6th place- Gus Guzman, Century 21 Realty Masters Norwalk 7th place - Dale Jervis, Century 21 Jervis & Associates 8th place - Josue Ramon, Excellence Premier Real Estate 9th place - Ray Penado, Excellence RE Real Estate 10th place - Suhaila Sabir, Excellence RE Real Estate
ARE YOU A MASTER AT CREATING VALUE? Can you recognize value? More importantly, are you creating it? By Larry Kendall, author of Ninja Selling and chairman emeritus of The Group, Inc The most successful entrepreneurs I know have one thing in common—they can recognize value when they see it. They’re always seeking value, and they are masters at creating it. They have a value mindset. These entrepreneurs are clear on the differences between the five basic economic terms: cost, price, value, expense, and investment. Unfortunately, many in our industry have not yet mastered this skill. They confuse cost and price with value. Or, they see investment as an expense. Let’s define these five economic terms: Cost: The time and money it takes to produce a good or service. Price: The money a seller asks for the good or service. Value: What the good or service will do for a buyer relative to the price being asked. Expense: An outlay of time or money for a good or service that is consumed (used up). Investment: The outlay of time or money in expectation of future benefits or returns. Here are two examples where these five terms got confused.
got!” It’s incredible to me how many associates have confused looks and find excuses not to make this investment. Why? They either see the $24 as an expense rather than an investment or they have a fundamental belief in scarcity. In either case, they don’t have a value mindset.
In their remarkable book, “The Go-Giver,” Bob Burg and John David Mann offer The Law of Value: “Your true worth is determined by how much more you give in value than you take in payment.” Observe the best and brightest in our industry, and you will see the value mindset. Top sales associates are masters of articulating their value to a seller, not just their fee (price). Top companies articulate the value they are bringing to their associates. They present their office fees not as expenses but rather as the investment they are making in their associates’ businesses. Managers and staff are viewed as investments, not as expenses, and a return is expected on these invest1. A Cost-Plus Mindset The president of a large home ments. The goal of managers and staff is to bring more building company prices his homes based on their cost. value to their sales associates than they receive in His formula is sometimes called cost-plus. He adds up compensation (The Law of Value). This mindset creates his costs, then adds a margin for profit and overhead, a value-driven organization. and that becomes his price. How do buyers buy homes? They look at value, not cost. Top companies and top associates have a mindset that The five components of value to a buyer are location, “everything I do and every dollar I invest should create size, condition, amenities, and price. They could care value for someone and generate a return on that investless about the builder’s costs. Do they perceive the ment.” If it doesn’t, then it is an expense and should be builder created something of value that they want to eliminated if possible. live in? Or, has he spent $500,000 in costs to build a Become a master at creating and delivering value. Have house that is only valued at $450,000 in the marketthe value mindset. place? This builder has a cost-plus mindset rather than a value mindset. This article is reprinted with the permission of Real 2. Expenses vs. Investments. Sales associates are shown Trends Inc. Copyright 2018 a formula and convincing evidence that, if they invest $24 a year ($2 a month) staying in touch and building relationships with their customers, this formula will give them a $1,000 per year return on their investment. In our classes, I ask the question, “If you could earn $1,000 in gross commission income for every $24 you invest, how much would you invest?” The correct answer is, “All you PAGE | 6
2018 Annual Report on the Downey Housing Market 2018 Annual Report onGreater the Housing Market Detached Homes
Change from 2017:
- 1.9%
- 11.3%
- 10.1%
New Listings
Pending Sales
Closed Sales
Annual Market Activity
2014
2015
2016
2017
2018
24,697 24,218 25,194 24,161 23,698 18,330 18,257 17,003 17,786 16,202
- 1.9%
- 4.1%
+ 4.0%
+ 4.6%
- 1.9%
New Listings
+ 3.1%
- 0.4%
18,346 18,596 17,036 17,603 16,727
- 11.3%
+ 3.3%
Pending Sales
+ 4.2%
+ 1.4%
- 10.1%
Closed Sales
$597,000
+ 6.6%
$862,466
+ 8.1%
Median Sales Price in 2018
Change from 2017
Avg. Sales Price in 2018
Change from 2017
Average Sales Price
Median Sales Price
$862,466
$597,000 $560,250
$797,983
$517,000
$724,369
$470,000 $432,000
2014
PAGE | 7
$615,396
+ 8.8%
+ 10.0%
+ 8.4%
+ 6.6%
2015
2016
2017
2018
2014
$663,797
+ 7.9%
+ 9.1%
+ 10.2%
+ 8.1%
2015
2016
2017
2018
Current as of January 5, 2019. All data from California Regional Multiple Listing Service. Report Š 2019 ShowingTime. | 2
2018 Annual Report on the Downey Housing Market 2018 Annual Report onGreater the Housing Market Detached Homes
33
- 8.3%
99.5%
0.0%
Days on Market in 2018
Change from 2017
Pct. of Orig. Price Received in 2018
Change from 2017
Pct. of Orig. Price Received
Days on Market Until Sale 59
57
53
98.9%
36
2014
99.1%
99.2%
99.5%
99.5%
+ 0.2%
+ 0.1%
+ 0.3%
0.0%
2015
2016
2017
2018
33
- 3.4%
- 7.0%
- 32.1%
- 8.3%
2015
2016
2017
2018
2014
2.5
+ 19.0%
3,394
+ 5.0%
Months Supply in 2018
Change from 2017
Homes for Sale in 2018
Change from 2017
Months Supply of Inventory
Inventory of Homes for Sale
At the end of each year
At the end of each year
3.1
4,385 2.6
2.6
3,906
2.5
3,925 3,232
2.1
2014
- 16.1%
0.0%
- 19.2%
+ 19.0%
2015
2016
2017
2018
2014
3,394
- 10.9%
+ 0.5%
- 17.7%
+ 5.0%
2015
2016
2017
2018
PAGE | 8
Current as of January 5, 2019. All data from California Regional Multiple Listing Service. Report Š 2019 ShowingTime. | 3
2018 Annual Report on the Downey Housing Market 2018 Annual Report onGreater the Housing Market Detached Homes
New Listings
Closed Sales
2017
2018
Percentage Change
2017
2018
Percentage Change
1,200
1,263
+ 5.3%
1,016
938
- 7.7%
Artesia
115
110
- 4.3%
89
63
- 29.2%
Bell
55
38
- 30.9%
44
27
- 38.6%
Bell Gardens
27
33
+ 22.2%
17
26
+ 52.9%
Bellflower
382
346
- 9.4%
270
242
- 10.4%
Buena Park
531
506
- 4.7%
448
390
- 12.9%
Cerritos
308
317
+ 2.9%
244
217
- 11.1%
Compton
859
794
- 7.6%
636
592
- 6.9%
Costa Mesa
780
871
+ 11.7%
629
623
- 1.0%
Downey
722
767
+ 6.2%
524
522
- 0.4%
East Los Angeles
119
116
- 2.5%
89
76
- 14.6%
Garden Grove
831
837
+ 0.7%
692
648
- 6.4%
Hacienda Heights
455
421
- 7.5%
336
306
- 8.9%
Hawthorne
355
334
- 5.9%
302
259
- 14.2%
1,319
1,337
+ 1.4%
1,117
996
- 10.8%
Huntington Park
125
113
- 9.6%
84
68
- 19.0%
Inglewood
297
313
+ 5.4%
262
225
- 14.1%
La Habra
459
508
+ 10.7%
377
368
- 2.4%
La Mirada
437
461
+ 5.5%
365
342
- 6.3%
La Puente
591
644
+ 9.0%
482
496
+ 2.9%
Lakewood
892
900
+ 0.9%
781
756
- 3.2%
Lawndale
140
94
- 32.9%
107
76
- 29.0%
Long Beach
2,598
2,628
+ 1.2%
2,136
2,037
- 4.6%
Los Alamitos
69
81
+ 17.4%
62
70
+ 12.9%
Los Angeles
10,180
9,617
- 5.5%
7,426
6,121
- 17.6%
Lynwood
205
186
- 9.3%
139
137
- 1.4%
Maywood
33
34
+ 3.0%
23
28
+ 21.7%
Montebello
235
220
- 6.4%
170
173
+ 1.8%
Monterey Park
317
280
- 11.7%
240
199
- 17.1%
Norwalk
706
689
- 2.4%
570
538
- 5.6%
Paramount
141
111
- 21.3%
94
91
- 3.2%
Pico Rivera
335
350
+ 4.5%
282
292
+ 3.5%
Santa Fe Springs
103
101
- 1.9%
89
93
+ 4.5%
South Gate
280
284
+ 1.4%
204
200
- 2.0%
Torrance
999
998
- 0.1%
881
792
- 10.1%
Westminster
414
412
- 0.5%
341
303
- 11.1%
1,385
1,467
+ 5.9%
1,097
1,094
- 0.3%
Anaheim
Huntington Beach
Whittier
PAGE | 9
Current as of January 5, 2019. All data from California Regional Multiple Listing Service. Report Š 2019 ShowingTime. | 4
2018 Annual Report on the on Greater Housing Market 2018 Annual Repport the Downey Housing Market Detached Homes
Median Sales Price
Homes for Sale
2017
2018
Percentage Change
2017
2018
Percentage Change
Anaheim
$560,051
$595,000
+ 6.2%
126
168
+ 33.3%
Artesia
$515,000
$490,000
- 4.9%
15
13
- 13.3%
Bell
$402,500
$415,000
+ 3.1%
10
4
- 60.0%
Bell Gardens
$415,000
$444,000
+ 7.0%
7
6
- 14.3%
Bellflower
$495,000
$522,500
+ 5.6%
61
46
- 24.6%
Buena Park
$570,000
$590,000
+ 3.5%
58
61
+ 5.2%
Cerritos
$750,000
$760,000
+ 1.3%
29
44
+ 51.7%
Compton
$365,000
$400,000
+ 9.6%
131
122
- 6.9%
Costa Mesa
$829,727
$885,000
+ 6.7%
99
117
+ 18.2%
Downey
$550,000
$586,000
+ 6.5%
115
142
+ 23.5%
East Los Angeles
$415,000
$457,500
+ 10.2%
21
22
+ 4.8%
Garden Grove
$595,000
$645,000
+ 8.4%
72
77
+ 6.9%
Hacienda Heights
$641,000
$681,000
+ 6.2%
67
76
+ 13.4%
Hawthorne
$590,000
$670,000
+ 13.6%
32
40
+ 25.0%
Huntington Beach
$880,000
$910,000
+ 3.4%
139
207
+ 48.9%
Huntington Park
$415,000
$437,500
+ 5.4%
18
15
- 16.7%
Inglewood
$520,000
$590,000
+ 13.5%
41
45
+ 9.8%
La Habra
$585,000
$605,000
+ 3.4%
57
58
+ 1.8%
La Mirada
$570,000
$600,000
+ 5.3%
42
59
+ 40.5%
La Puente
$439,950
$470,000
+ 6.8%
83
94
+ 13.3%
Lakewood
$552,000
$589,000
+ 6.7%
92
87
- 5.4%
Lawndale
$534,900
$585,000
+ 9.4%
12
16
+ 33.3%
Long Beach
$610,000
$650,000
+ 6.6%
310
349
+ 12.6%
Los Alamitos
$840,000
$892,000
+ 6.2%
5
8
+ 60.0%
Los Angeles
$776,450
$886,500
+ 14.2%
1,426
1,491
+ 4.6%
Lynwood
$400,000
$422,000
+ 5.5%
38
20
- 47.4%
Maywood
$385,000
$412,500
+ 7.1%
5
3
- 40.0%
Montebello
$530,000
$560,000
+ 5.7%
45
23
- 48.9%
Monterey Park
$668,500
$700,000
+ 4.7%
38
47
+ 23.7%
Norwalk
$450,000
$480,000
+ 6.7%
89
83
- 6.7%
Paramount
$416,250
$460,000
+ 10.5%
27
15
- 44.4%
Pico Rivera
$450,000
$480,000
+ 6.7%
38
41
+ 7.9%
Santa Fe Springs
$455,000
$500,000
+ 9.9%
11
9
- 18.2%
South Gate
$410,000
$445,000
+ 8.5%
42
38
- 9.5%
Torrance
$780,000
$810,000
+ 3.8%
76
92
+ 21.1%
Westminster
$649,000
$690,000
+ 6.3%
34
48
+ 41.2%
Whittier
$515,000
$540,000
+ 4.9%
185
205
+ 10.8%
PAGE | 10
Current as of January 5, 2019. All data from California Regional Multiple Listing Service. Report Š 2019 ShowingTime. | 5
New Laws Affecting REALTORS® in 2019 BY:
JOHN V. GIARDINELLI, ATTORNEY AT LAW CASEY MCINTOSH, PARALEGAL
The California Legislature has enacted several new laws that may affect REALTORS® and their practices this year. This month’s Courtside Newsletter provides an overview of some of those laws. The California Legislature has enacted several new laws that may affect REALTORS® and their practices this year. This month’s Courtside Newsletter provides an overview of some of those laws. REAL ESTATE LAW CLEAN-UP (AB 1289 & AB 2884) – REVISED C.A.R. FORMS Disclosure Regarding Real Estate Agency Relationship (AD) The California Legislature made multiple revisions to clarify what is generally known as the Real Estate Law, which were reflected in AB 1289 and AB 2884. Specifically, AB 1289 changes language in the Disclosure Regarding Real Estate Agency Relations (C.A.R. Form AD). Per the Bill’s text, it revises “the content of the disclosure form to include certain information, including seller and buyer responsibilities” as well as revises “the content of the form required to confirm real estate agent relationships.” Civil Code § 2079, et seq. is revised under these terms and Form AD now specifically states “Seller and Buyer Responsibilities.” These reflect the acknowledgment of the agent’s role and the buyer’s responsibility to “exercise reasonable care” to protect herself, “including as to those facts about the property which are known to you or within your diligent attention and observation.” The form now further states that the buyer and seller are advised to consider obtaining tax advice from a “competent professional” in relation to the potentially complex tax consequences of the transaction. As a result of the “clean-up” law, the “third” agency form has been eliminated, as well as the requirement that it be delivered by the buyer’s agent to seller with an offer to purchase. Per C.A.R., there have also been some “plain English changes,” e.g. “Selling agent” is now “Buyer’s Agent;” “Listing Agent” is now “Seller’s Agent;” and “Purchaser” is now “Buyer.” Buyer Representation Agreement – Exclusive (BRE) Buyer Representation Agreement – Non-Exclusive (BRNE) Buyer Representation Agreement – Non-Exclusive/Not for Compensation (BRNN) Possible Representation of More than One Buyer or Seller – Disclosure and Consent (PRBS) As a result of AB 1289, the above forms now contain an additional caveat regarding dual agency, stating that buyer
PAGE | 11
and/or seller agree that in the event of dual agency, “a dual agent may not, without the express permission of the respective party, disclose to the other party confidential information, including, but not limited to, facts relating to either the buyer’s or seller’s financial position, motivations, bargaining position, or other personal information that may impact price, including the seller’s willingness to accept a price less than the listing price or the buyer’s willingness to pay a price greater than the price offered…” LICENSING Citizenship and Immigration Status Disclosure for Real Estate Licensees (SB 695) [Effective 1/1/2019] While SB 695 affects a multitude of California agencies, it specifically affects REALTORS® with regards to licensing requirements. Previous law requires a real estate licensee or applicant to provide, at the time of issuance of a license, his or her social security number or individual taxpayer identification number to the Department of Real Estate (“licensing board”). Under SB 695, the licensing board will be prohibited from requiring an applicant to disclose his or her citizenship or immigration status. It would also be prohibited from denying an otherwise qualified applicant a license based upon his or her citizenship or immigration status. Section 30 of the Business & Professions Code will be amended to reflect such prohibitions. PROPERTY MANAGEMENT Unlawful Detainer—Three Day Notice to Pay Rent or Quit (AB 2343) [Effective 9/1/2019] Under existing law, if a tenant violates a lease agreement— by failing to pay rent or perform certain actions under the agreement—a landlord is entitled to pursue an unlawful detainer action to seek eviction. Mandatory to the commencement of this procedure is the 3-day notice to cure the violation or vacate the property, a.k.a. the 3-day notice to pay rent or quit. Under AB 2343, the California Code of Civil Procedure (CCP) § 1161 will be amended to exclude Saturdays, Sundays and “other judicial holidays” from being included in the period of notice. AB 2343 also amends CCP § 1167 in a similar manner, excluding Saturdays, Sundays and other judicial holidays from being calculated as part of the time a defendant has to respond to a five-day summons. Both revisions become effective September 1, 2019.
Inspection of Decks, Balconies, Stairways & Walkways (SB 721) [Completed by 1/1/2025] SB 721 creates a new requirement for inspection of “exterior elevated elements” in buildings with 3 or more multifamily dwelling units under Health & Safety Code § 17973. Specifically, an “exterior elevated element” includes balconies, decks, porches, stairways, walkways, and entry structures that extend beyond exterior walls that are designed for human use and rely, in whole or part, on woodbased structures for support. The inspections must be done by qualified, licensed professionals prior to January 1, 2025, and by January 1st every six years thereafter. An inspection report will be provided to the owner of the building, and any emergency repairs must be done immediately. Non-emergent repairs must be completed with 120 days of receipt of the inspection report. The inspector providing the report will notify the local enforcement agency and the owner if the building does not comply with repair requirements within 180 days. A civil penalty from $100-$500 per day will assessed until the repairs are completed. Protections for Victims of Domestic Abuse (AB 2413) [Effective 1/1/2019] AB 2413 creates new protections for victims of domestic violence, stalking and abuse with regards to the landlord/ tenant relationship. Specifically, it: • voids any provision in a lease agreement that prohibits or limits, or threatens to prohibit or limit, a tenant or person’s right to summon emergency assistance as a victim of abuse or emergency, or on behalf of a victim of abuse or in an emergent situation. Such lease provisions are found to be in opposition to public policy and therefore unenforceable. • Prohibits a landlord from terminating tenancy or
failing to renew a lease agreement based on acts against a tenant or tenant’s household that constitute domestic violence, sexual assault, stalking, human trafficking or elder abuse. However, the acts must have been both documented and the perpetrator named in the documentation does not live in the same dwelling unit. • The landlord may terminate or decline to renew tenancy if the victim invites the perpetrator to the property and the landlord believes that the perpetrator posts a threat to other tenants or guests on the property. Rent Limitations During State of Emergency (AB 1919) [Effective 1/1/2019] While there are already provisions in place protecting consumers against price gouging during a declared state of emergency, this new law adds Section 8588.88 to the Government Code to afford protections to renters. Specifically, during a state of emergency, it is now a misdemeanor for a person, business or other entity to increase the rental price charged for housing by more than 10%. “State of emergency” can include, but is not limited to, an earthquake, flood, fire, riot, storm, drought, plant or animal infestation or disease, or other natural or manmade disaster, and such a state can be declared by the President, Governor or local governing entity with vested authority to do so. In an effort at brevity, not all new laws are covered here. As always, we encourage you to seek qualified legal counsel should you have any questions or concerns regarding the law and how it affects your real estate practice. This article is reprinted with the permission of Real Trends Inc. Copyright 2018
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2019 GREATER DAOR Committees
Budget and Finance Committee:
Carrie Uva, Vicki Spearman, Sossi Gabriel, Chairperson Jason Cierpiszewski, Ericka Saenz, Mireya Ruiz. NOT PRESENT: Mario Acevedo
LCRC Trustees:
Carrie Uva, Chairperson Michael Berdelis, Josue Barrios, Sossi Gabriel, Ericka Saenz, Mireya Ruiz. NOT PRESENT: Edwin Huber, Kirk Cartozian
Oversight Committee:
Jason Cierpiszewski, Mario Acevdo, Steve Roberson, John Lacey, Helen Lancaster, Vicki Spearman, Ericka Saenz
Greater DAOR Committees are now formed and meeting. Greater DAOR leaders and staff would like to thank everyone who volunteers. There is no other profession that volunteers, and helps others like a REALTORÂŽ
Community Relations Committee:
Vicki Spearman, Esther Lee, Sandra Carnet, Toni Stewart, Helen Lancaster, Chairperson Daniel Andrade, Irma Salgado, Maria Lilley
PAGE||13 13 PAGE
Grievance Committee:
Mario Mariscal, Chairperson Edwin Acevedo, Josue Romon, Robert B Hernandez, Jerry Lohman, Alex Sanchez. NOT PRESENT: Andrea Jimenez, Natalie Romo, Soledad Gutierrez, Gorgette Solano, Maria Cuadors, Esmeralda Rivera, Armando Martinez
Local Government Relations Committee:
Chairperson Tyler Wirth, Carrie Uva, Luther Sanchez, Lina Salgado, Flor Martinez, Alex Saab, Josue Barrios, Lourdes Galvez. NOT PRESENT: Rene Luna, Ed Perez
RAPP Committee:
2019 Influencers:
Edwin Acevedo, Eloy Villamil, Mario Mariscal, Robert Colangeli, Janeth Pazmino. NOT PRESENT: Joe Manjarrez, Monica Rivera, Ernesto Flores, Mario Acevedo
Professional Standards Committee:
Carrie Uva, Josue Barrios, Sandra Carnet, Jesus Guerra, Alex Sanchez, Chairperson Jennifer Avellan
Chairperson Ernie Sifuentes, Alex Saab, Dennis Saab, Edwin Huber, Jeff Worthy, Jason Cierpiszewski, Helen Lancaster, Lina Salgado, Mireya Ruiz. NOT PRESENT: Diane Sanchez, Sal Hernandez, John Lacey
Scholarship Committee:
Membership / MLS - Technology Committee: Michael Berdelis, Chairperson Lourdes Galvez, Lina Salgado. NOT PRESENT: Mario Acevedo, Monica Rivera
Chairperson Roman Meza, Julio Midolo, Sandra Carnet, Rosie Lopez, Flor Martinez, Natalie Romo, Irma Salgado, Andrew Meneses, Rowena Dominguez, Tyler Wirth, Monica Rivera, Jeff Worthy. NOT PRESENT: Remoun Said, Christy Vasquez, Maria Cuadros, Esmeralda Rivera, Ericka Saenz
PAGE PAGE| |14 14
RevItUp
2019
Greater DAOR kick started this year with special guest Mike Ferry, who attended and spoke at the annual REV IT UP event! Mike Ferry gave Greater DAOR members plenty of information to help them in their daily business. Mike also gave some great statistics that reflected the curent and future market.
Thank you RevItUp Sponsors! PAGE | 15
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