Official publication of
greater
DOWNEY ASSOCIATION OF REALTORS
IN THIS ISSUE: • Annual Top Producers and Offices • 2018 Greater DAOR Committees ES
• JO E V I L L A
• 2017 annual housing market report
GR
R DAOR •
• Rev It Up 2018
U
1 B R O K E R OF
TE EA
• Meet Your 2018 Influencers
C
• Independent Contractor Status
# SA
Tony Gonzalez with Greater DAOR President and Staff
1st Quarter 2018 Volume 5 Issue 1 PAGE | 1
Alex Ascencio Divisional Manager NMLS#244230 | CA BRE: 01302752
O: 562-861-1414 | C: 562-413-1087 aascencio@afncorp.com www.alexascencio.afncorp.com
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PAGE | 2
2018 Leadership of the Greater DAOR Executive Directors: Ericka Saenz, President Daniel Nevarez, President-Elect Ruben Sariñana, Vice President Rowena Dominguez, Treasurer Jeanette Baumann, Executive Vice President Directors: Michael Berdelis Maribel Chavez Maria Lilley Remoun Said Luther Sanchez Esther Lee Vicki Spearman Immediate Past President: Mario Acevedo
Greater Downey Association of REALTORS 12073 Paramount Blvd - Downey, CA 90242 562 861-0915 - Fax 562 923-9995
www.DAOR.com Monday - Friday 9am-5pm Saturday 9am-1pm 24/7 text support :
Text DAOR to 55469 Volume 5 - Issue 1
This publication is printed quarterly, delivered in March, June, September & December
Greater DAOR Chaplain: Roman Meza CAR State Directors: Ericka Saenz, Mireya Ruiz, Mario Acevedo, Dan Nevarez, and Josue Barrios, Assistant Regional Chair
Table of Contents: PAGE 1-2 2018 Greater DAOR Committes
Affiliates In Action Committee Luz Lluncor, Chairperson Oversight Committee Jackie Funk, Chairperson
PAGE 3 2017 Fourth Quarter Top Producers
Budget & Finance Committee Carrie Uva, Chairperson REALTORS Advocating for Political Progress Jesus Guerra, Chairperson
PAGE 2
Grievance Committee Mireya Ruiz, Chairperson LCRC Trustees Nubia Aguirre, Chairperson
PAGE 5 A Message from Greater DAOR 2018 President
Local Government Relations Andrea Jimenez, Chairperson Membership/MLS-Technology Committee Jose Perez, Chairperson Professional Standards Committee Diane Sanchez, Chairperson
PAGE 4
REALTOR Community Relations Committee Tyler Wirth, Chairperson
PAGE 6 Leadership Kick Off Meeting PAGE 7 - 10 Annual Report on The Housing Market
Scholarship Committee Jeff Worthy, Chairperson
Greater DAOR Staff Jeanette Baumann, EVP - evp@DAOR.com Customer Care Department Nelly Palma, nellyp@DAOR.com Andrew Garcia, communications@DAOR.com Amanda Camarena, education@DAOR.com
PAGE 4 Office & Annual Awards 2017
PAGE 13
PAGE 11 - 12 Real Estate Teams & Independent Contractor Status PAGE 13 REV IT UP 2018
Membership Department Julie Sartor, julies@DAOR.com Violet Pantoja, bct@DAOR.com Susie Gonzalez, cs@DAOR.com Analia Zendejas, membership@DAOR.com
PAGE 14 Installation Sponsors PAGE 15 Get to Know the 2018 Greater DAOR Influencers PAGE 14 PAGE | 3
GREATER DAOR 2018 Committees
Local Government Relations Committee:
Judith Gallardo, Sandra Carnet-Gutierrez, Chairperson Andrea Jimenez, Alex Saab, Lina Salgado, Lourdes Galvez. NOT PRESENT: Michael Berdelis, Carrie Uva
REALTORS Advocating for Political Progress / RAPP Committee:
Esther Lee, Carrie Uva, Chairperson Jesus Guerra, Alex Sanchez. NOT PRESENT: Sandra Carnet, Jeannette Casas, Sossi Gabriel
LCRC Trustees:
Kirk Cartozian (18-20), Michael Berdelis (1719), Chairperson Nubia Aguirre (16-18), Esther Lee (16-18), Mireya Ruiz (18-20). NOT PRESENT: Joe Villaescusa (16-18), Edwin Huber (1719), Sossi Gabriel (17-19), Carrie Uva (18-20)
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
Scholarship Committee:
Tyler Wirth, Julio Midolo, Hector Benavidez , Flor Martinez, Sandra Carnet, Esmeralda Rivera, Natalie Romo, Mario Espinoza, Chairperson Jeff Worthy, Maria Lilley, Rowena Dominguez. NOT PRESENT: Irma Salgado, Yolanda Marmion, Carmen Torres, Maria Cuadros
PAGE | 1
Membership / MLS -Technology Committee:
Venny Saucedo, Jason Cierpiszewski, Dan Nevarez, Josue Ramon, Chairperson Jose Perez, Solodad Loera, Lina Salgado. NOT PRESENT: Jeannette Casas
Budget & Finance Committee:
Larry Kooiman,Vicki Spearman, Rowena Dominguez, Nubia Aguirre, Diane Sanchez, Jason Cierpiszewski. NOT PRESENT: Sossi Gabriel, Mireya Ruiz, Chiarperson Carrie Uva
Professional Standards Committee:
Oversight Committee:
Chairperson Jackie Funk, Helen Lancaster, Mireya Ruiz, Diane Sanchez, John Lacey, Michael Berdelis. NOT PRESENT: Sossi Gabriel, Russell Skersick
Grievance Committee:
Jeff Worthy, Steve Roberson, Mario Espinoza, Helen Lancaster, Chuck Gugliuzza, Chairperson Diane Sanchez, Jason Cierpiszewski, Alex Saab. NOT PRESENT: Edwin Huber, Dennis Saab, Carrie Uva, John Lacey
Ernie Sifuentes, Jerry Lohman, Jesus Guerra, Natalie Romo, Solodad Loera, Lina Salgado, Edwin Acevedo, Sole Gutierrez, Chairperson Mireya Ruiz, Andrea Jimenez, Sal Hernandez. NOT PRESENT: Edith Stine Woods, Sandra Vega, Georgette Solano, Alex Sanchez
REALTOR Community Relations Committee:
Affiliates In Action Chairperson Luz Lluncor
Chairperson Tyler Wirth, Daniel Andrade, Maria Lilley, Sandra Carnet, Toni Stewart, Maribel Chavez, Flor Martinez. NOT PRESENT: Helen Lancaster, Judith Gallardo, Irma Salgado, Christy Vasquez, Vicki Spearman
PAGE || 22 PAGE
Greater DAOr 4th Quarter 2017
Top Producers
GOLD Eloy Villamil, RE/MAX Innovative Mario Mariscal, Excellence Real Estate Ramon Sanchez, Keller Williams Pacific Estates
Silver Ray Penado, Lotus Group Real Estate Kal Ibrahim, SoCal Coastal Properties Julio Midolo, RE/MAX Sky
Bronze Yesenia Angeles, RE/MAX Innovative Jose Leon, Intero Real Estate Services Rosibel Flores, Intero Real Estate Services Maggie Landeros, Strategic Realty Margie Camacho, Century 21 Jervis & Associates Edwin Acevedo, Lotus Group Real Estate Javier Pantoja, Lotus Group Real Estate Jose Perez, Lotus Group Real Estate Vipul Modha, Modha Realty Raul Pelayo, United Real Estate Oscar Jara, Keller Williams Pacific Estates
TOP PRODUCER CEREMONY Our top producer ceremony took place on January 25th, 2018. Many REALTORS stepped outside for free churros from Ridges Churro Bar! We want to thank all the affiliates who sponsored this event!
PAGE | 3
SPONSORS
2017 Office & Annual Awards
Overall Top Ten Offices
Top Ten Producing Greater DAOR Realtors
1ST PLACE - CENTURY 21 ALLSTARS, BROKER JOE VILLAESCUSA 1ST PLACE - CRAIG MARSON, FIRST TEAM REAL ESTATE 2nd place - Wonnie Kim, Won Suk Kim Real Estate 2nd Place - Intero Real Estate Services Downey, Broker co-owner Danny Morel 3rd place - Maria Fernandez, Sunrise Realty 3rd Place - Century 21 A Better Service, Broker David Sarinana 4th place - Hector Benavidez, Century 21 Allstars 4th Place - Keller Williams Pacific Estates, Broker Nick Resendez 5th place - Luther Sanchez, Century 21 Allstars 5th Place - Century 21 Realty Masters Norwalk, Broker Arnulfo Ruiz 6th place - Jimmy Alexander, Coldwell Banker Allstars 6th Place - 24 Hour Real Estate, Broker Mel Berdelis 7th place - Mario Mariscal, Excellence Real Estate 7th Place - Century 21 My Real Estate, Broker Steve Roberson 8th place Steven Padilla, Century 21 A Better Service 8th Place - Century 21 Jervis & Associates, Broker Owner Jackie Jervis Funk 9th place Christian Limon, Century 21 A Better Service 9th Place - First Family Homes, Broker Richard Diaz 10th place Brisa Bueno, Century 21 Allstars 10th Place - ReMax Innovative, Broker Eloy Villamil
Top Ten Producing Real Estate Teams 1ST PLACE- TEAM REIMER, CENTURY 21 ALLSTARS 2nd place - Michael Berdelis, 24 Hour Real Estate 3rd place - Eloy Villamil, ReMax Innovative 4th place - David Delgado, Delgado Realty Group 5th place - Remoun Said, Keller Williams Pacific Estates 6th place- Jose Manjarrez, Century 21 Realty Masters Norwalk 7th place - Ray Penado, Lotus Group Real Estate 8th place - Ramon Sanchez, Keller Williams Pacific Estates 9th place - Josue Ramon, Excellence Premier Real Estate 10th place - Suhaila Sabir, Excellence Real Estate
PAGE PAGE| |44
A Message From Greater DAOR’s 2018 President With great pleasure, I accept the position of 2018 president of the Greater Downey Association of REALTORS®. I do so with humility, deeply moved by the trust you have placed in me. It is a great honor. It is an even greater responsibility to lead an association that has over 70 years of great success. I would like to ensure that the good work is continued so that we can realize our vision to be the “association of choice”. We are an association that takes great pride in offering many services and resources to help our REALTOR members become successful. This industry demands that we collaborate and cooperate in ways no other work does. 2018 definitely brings many challenges to the table. From fighting tax reform to making sure commissions are not taxed. We will work together and defend our industry and our client’s rights. My vision for the association is three fold. I want to increase our presence in the community, increase membership, and increase communication to our REALTOR members. Having the support of the Greater DAOR staff, including Tyson and the beautiful Jeanette Baumann, we will truly be successful. They are our soldiers in the trenches getting the job done that nobody see’s. Jeanette, you always have the associations best interest at all times. I thank God because he put you in my path and for that I thank you. I wish to thank the immediate past president, Mario Acevedo for his stewardship over the past 12 months. One thing I have learned from him is to keep smiling even when the message is not so delightful and more importantly…. He has also taught me the importance of a “selfie”. I want to thank the incoming board of directors for their willingness to serve and I do look forward to your dedication, commitment and support. I’m definitely excited to work with each one of you in making 2018 a great year. I’d like to take a moment and thank my core support group, which is my family. Starting with my husband Ramon, I know that good men still exist, because I’m lucky enough to have one. Thank you for understanding the commitment I have, not only to my clients but to my Association. Thank you love. To my 3 beautiful children…..my first born
PAGE | 5
Jackelyn and my twinkies Stephanie and Nicolle. I thank God everyday for choosing me to be your mom. I’m very proud of the women you are becoming and for always supporting my crazy ideas. Even though all 3 of you are over 21, you still live at home and remember you still have a curfew. I love you. I wouldn’t be the woman I am today if it wasn’t for my beautiful parents Juan and Maria. My parents have taught me the true definition of integrity, loyalty, trust and more importantly, love. Mom and dad you are truly my heroes. Both of you are my world and the biggest blessing I can ever have. I love you and happy 43rd anniversary. To my God parents Luis and Amarillis, your wisdom and support mean the world to me. Thank you for loving me and my family the way you do. I have gained a second set of parents and siblings…..I love you guys. My child hood friend lisset, my partner in crime, the sister I never had. Thank you for being there for me all these years. I love your children like if they were my own. Last but not least my Jervis family. I’m very grateful I belong to an office that not only has over 75 years in business, is family owned and they have the biggest hearts. Thank you for all the support, not only for being able to reach my broker 24 hours a day but all the staff and agents that are here tonight, I appreciate all of you. Thank you. All my friends and affiliates, thank you for all the support. We are going to do great things together. In conclusion, I want to leave you with this, Life is about discovering who we are. Leading is about striving to become better than we are and helping everything and everyone to become better too. Let these words inspire you, motivate you, encourage you and empower you to be the best we can. We have great challenges and great opportunities. With your help, we will meet them and make this the best year in our history. Thank you!
Ericka Saenz
2018 Leadership KICK OFF Meeting
2017 Leaders - Directors, Chairpersons, and Influencers meet to discuss future goals and the current performance of the Association at the annual Kick Off Luncheon. For the first time Greater DAOR has chosen eight influencers to join the Leadership Team of DAOR, to help us take our social presence to the next level. These Influencers were chosen due to their integrity and popularity with the social audience. Please see Page 15 to see who our Influencers are.
PAGE PAGE| |66
2017 Annual Report on the Downey Housing Market Detached Homes
Change from 2016:
- 4.4%
- 2.0%
+ 1.5%
New Listings
Pending Sales
Closed Sales
Annual Market Activity 23,449
2013
2014
2015
2016
2017
24,689 24,215 25,209 24,110 18,344 17,970 17,260 17,000 17,783
+ 5.3%
- 1.9%
+ 4.1%
- 1.5%
- 4.4%
New Listings
+ 4.6%
+ 3.2%
17,866 17,029 17,588 18,346 18,613
- 2.0%
- 4.7%
Pending Sales
+ 3.3%
+ 4.3%
+ 1.5%
Closed Sales
$560,375
+ 8.3%
$797,249
+ 10.0%
Median Sales Price in 2017
Change from 2016
Avg. Sales Price in 2017
Change from 2016
Average Sales Price
Median Sales Price $560,375
$797,249
$517,500 $724,503
$470,000
$664,002
$432,000
$615,501
$390,000
2013
PAGE | 7
$540,034
+ 10.8%
+ 8.8%
+ 10.1%
+ 8.3%
2014
2015
2016
2017
2013
+ 14.0%
+ 7.9%
+ 9.1%
+ 10.0%
2014
2015
2016
2017
Current as of January 5, 2018. All data from California Regional Multiple Listing Service. Report Š 2018 ShowingTime. | 2
2017 Annual Report on the Downey Housing Market Detached Homes
36
- 32.1%
99.5%
+ 0.3%
Days on Market in 2017
Change from 2016
Pct. of Orig. Price Received in 2017
Change from 2016
Pct. of Orig. Price Received
Days on Market Until Sale 59
55
57
100.0%
53
98.9%
99.1%
99.2%
99.5%
- 1.1%
+ 0.2%
+ 0.1%
+ 0.3%
2014
2015
2016
2017
36
2013
+ 7.3%
- 3.4%
- 7.0%
- 32.1%
2014
2015
2016
2017
2013
1.8
- 30.8%
2,754
- 29.4%
Months Supply in 2017
Change from 2016
Homes for Sale in 2017
Change from 2016
Months Supply of Inventory
Inventory of Homes for Sale
At the end of each year
At the end of each year
3.0
3.1 2.6
4,274
4,376 3,898
2.6
3,901
1.8
2013
+ 3.3%
- 16.1%
0.0%
- 30.8%
2014
2015
2016
2017
2,754
2013
+ 2.4%
- 10.9%
+ 0.1%
- 29.4%
2014
2015
2016
2017
PAGE | 8
Current as of January 5, 2018. All data from California Regional Multiple Listing Service. Report Š 2018 ShowingTime. | 3
2017 Annual Report on the Downey Housing Market Detached Homes New Listings
Closed Sales
2016
2017
Percentage Change
2016
2017
Percentage Change
1,366
1,198
- 12.3%
1,074
1,017
- 5.3%
Artesia
104
116
+ 11.5%
67
88
+ 31.3%
Bell
57
53
- 7.0%
32
44
+ 37.5%
Bell Gardens
33
27
- 18.2%
16
17
+ 6.3%
Bellflower
330
381
+ 15.5%
259
270
+ 4.2%
Buena Park
556
530
- 4.7%
438
448
+ 2.3%
Cerritos
297
306
+ 3.0%
243
243
0.0%
Compton
868
858
- 1.2%
676
634
- 6.2%
Costa Mesa
727
776
+ 6.7%
536
627
+ 17.0%
Downey
676
721
+ 6.7%
469
524
+ 11.7%
East Los Angeles
115
118
+ 2.6%
77
89
+ 15.6%
Garden Grove
885
830
- 6.2%
708
691
- 2.4%
Hacienda Heights
490
455
- 7.1%
301
336
+ 11.6%
Hawthorne
353
356
+ 0.8%
275
303
+ 10.2%
1,393
1,316
- 5.5%
1,160
1,118
- 3.6%
Huntington Park
126
124
- 1.6%
81
85
+ 4.9%
Inglewood
313
296
- 5.4%
240
262
+ 9.2%
La Habra
459
458
- 0.2%
358
377
+ 5.3%
La Mirada
425
436
+ 2.6%
367
365
- 0.5%
La Puente
600
590
- 1.7%
471
482
+ 2.3%
Lakewood
901
889
- 1.3%
752
783
+ 4.1%
Lawndale
107
140
+ 30.8%
89
107
+ 20.2%
Long Beach
2,779
2,588
- 6.9%
2,272
2,138
- 5.9%
Los Alamitos
68
68
0.0%
54
61
+ 13.0%
Los Angeles
10,738
10,171
- 5.3%
7,068
7,440
+ 5.3%
Lynwood
214
205
- 4.2%
146
140
- 4.1%
Maywood
31
32
+ 3.2%
16
23
+ 43.8%
Montebello
228
233
+ 2.2%
165
172
+ 4.2%
Monterey Park
329
318
- 3.3%
255
240
- 5.9%
Norwalk
761
703
- 7.6%
616
570
- 7.5%
Paramount
126
141
+ 11.9%
93
94
+ 1.1%
Pico Rivera
346
334
- 3.5%
260
282
+ 8.5%
Santa Fe Springs
95
103
+ 8.4%
81
89
+ 9.9%
South Gate
286
279
- 2.4%
212
203
- 4.2%
1,041
998
- 4.1%
894
881
- 1.5%
427
411
- 3.7%
355
339
- 4.5%
1,492
1,379
- 7.6%
1,187
1,097
- 7.6%
Anaheim
Huntington Beach
Torrance Westminster Whittier
PAGE | 9
Current as of January 5, 2018. All data from California Regional Multiple Listing Service. Report Š 2018 ShowingTime. | 4
2017 Annual Report on the Downey Housing Market Detached Homes Median Sales Price
Homes for Sale
2016
2017
Percentage Change
2016
2017
Percentage Change
Anaheim
$525,000
$560,000
+ 6.7%
174
109
- 37.4%
Artesia
$503,888
$512,500
+ 1.7%
17
17
0.0%
Bell
$368,500
$402,500
+ 9.2%
10
4
- 60.0%
Bell Gardens
$390,000
$415,000
+ 6.4%
11
10
- 9.1%
Bellflower
$445,000
$495,000
+ 11.2%
51
57
+ 11.8%
Buena Park
$528,000
$570,000
+ 8.0%
63
52
- 17.5%
Cerritos
$690,000
$750,000
+ 8.7%
27
30
+ 11.1%
Compton
$325,000
$365,000
+ 12.3%
132
99
- 25.0%
Costa Mesa
$780,000
$830,000
+ 6.4%
99
101
+ 2.0%
Downey
$520,000
$550,000
+ 5.8%
128
92
- 28.1%
East Los Angeles
$372,000
$415,000
+ 11.6%
15
14
- 6.7%
Garden Grove
$555,000
$595,000
+ 7.2%
86
70
- 18.6%
Hacienda Heights
$580,000
$641,000
+ 10.5%
86
68
- 20.9%
Hawthorne
$544,000
$590,000
+ 8.5%
38
34
- 10.5%
Huntington Beach
$820,000
$879,500
+ 7.3%
163
134
- 17.8%
Huntington Park
$385,000
$415,000
+ 7.8%
23
18
- 21.7%
Inglewood
$445,000
$520,000
+ 16.9%
60
35
- 41.7%
La Habra
$549,950
$585,000
+ 6.4%
62
45
- 27.4%
La Mirada
$535,000
$570,000
+ 6.5%
42
39
- 7.1%
La Puente
$410,000
$439,000
+ 7.1%
93
51
- 45.2%
Lakewood
$520,000
$552,000
+ 6.2%
86
76
- 11.6%
Lawndale
$510,000
$534,900
+ 4.9%
16
14
- 12.5%
Long Beach
$565,731
$610,000
+ 7.8%
339
281
- 17.1%
Los Alamitos
$762,500
$840,000
+ 10.2%
7
6
- 14.3%
Los Angeles
$709,250
$775,000
+ 9.3%
1,905
1,224
- 35.7%
Lynwood
$375,750
$402,500
+ 7.1%
20
27
+ 35.0%
Maywood
$337,500
$385,000
+ 14.1%
9
5
- 44.4%
Montebello
$480,000
$530,000
+ 10.4%
45
32
- 28.9%
Monterey Park
$620,000
$668,500
+ 7.8%
50
27
- 46.0%
Norwalk
$424,250
$450,000
+ 6.1%
109
72
- 33.9%
Paramount
$380,000
$416,250
+ 9.5%
20
19
- 5.0%
Pico Rivera
$420,000
$450,000
+ 7.1%
62
35
- 43.5%
Santa Fe Springs
$450,000
$455,000
+ 1.1%
12
12
0.0%
South Gate
$386,000
$410,000
+ 6.2%
42
33
- 21.4%
Torrance
$723,000
$780,000
+ 7.9%
80
62
- 22.5%
Westminster
$609,375
$648,900
+ 6.5%
46
33
- 28.3%
Whittier
$480,000
$515,000
+ 7.3%
201
165
- 17.9%
PAGE PAGE||10 10
Current as of January 5, 2018. All data from California Regional Multiple Listing Service. Report Š 2018 ShowingTime. | 5
Courtside Newsletter
Real Estate Teams & the Quandary of the Independent Contractor Status BY: KELLY A. NEAVEL, ATTORNEY AT LAW ASHLEY A. RICHARDSON, LAW CLERK CASEY MCINTOSH, PARALEGAL
The status of a real estate agent as an independent contractor has always been prone to controversy. Currently, there are questions surrounding the independent contractor status, and how it is affected by real estate teams. Background According to the IRS, “[t]he general rule is that an individual is an independent contractor if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done.” Due to the nature of their jobs, real estate agents enjoy a certain autonomy that generally places them as independent contractors, even though they must be supervised by a broker. The IRS created a special category for real estate agents as statutory non-employees. Per IRC § 3508, real estate agents are considered statutory nonemployees if: • They are a licensed real estate agent; • All payments for their services are related to their sales or other output (rather than number of hours worked); and, • There is a written contract stating they will not be treated as employees for federal tax purposes. (The California Association of REALTORS® has created the Independent Contractor Agreement (ICA) form to satisfy this requirement.) Additionally, under California Labor Law an independent contractor can be any person who ren-
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ders service for a specified result, under the control of a principal only as to the result of the work. The principal has no control by which such result is accomplished. The issuance of a 1099 or independent contractor agreement does not, in itself, create an independent contractor relationship. Historically, the most important factor considered by California courts and administrative agencies involved the independent contractor’s right to control the manner and means of accomplishing the result desired. The courts use a multifactor balancing test to determine the answer, yet no one factor is decisive. Generally, the more control a principal has over the manner and means used by the alleged independent contractor is the most important factor. The Team Issue Real estate teams have long been both lauded and lamented by those in the industry. Whichever side of the fence you choose, there is no doubt that they have been rising in popularity. With that popularity comes the exposure of certain legal issues, such as the question of independent contractor status, and how it works within teams. This is something both agents and supervising brokers should be aware of. On most teams, there is someone who is considered a “team leader,” or the individual who controls and dictates what the rest of the team does with leads or listings. This poses issues with both employment law and a broker’s statutory duty to supervise his or her agents. Team leaders have no requirement to supervise the actions of the agents
working under them. However, lack of supervision could open-up both the agents and broker to liability. Additionally, a Team Leader’s act of directing other agents could potentially be seen as treating them as employees rather than independent contractors. The more control a Team Leader exerts over the agents with the team, the greater the liability becomes. Teams, and their supervising brokers, need to be sure that the agents under them are acting in the capacity of independent contractors at all times. Otherwise, they will need to renegotiate their contracts to hire them as employees. Why is this Important? Recent litigation has brought this issue to the forefront of many brokers’ concerns. In Barasani v. Coldwell Banker, Barasani brought a class-action lawsuit against Coldwell Banker stating he had been “willfully misclassified” as an independent contractor, when he should have been classified as an employee. The matter settled before going to trial, thus no California case precedence was set. However, Coldwell Banker will nonetheless be paying out $4.5 million to real estate
agents and associates in California under the terms of the settlement. Misclassification of a real estate agent could result in significant financial blow to a broker. Should the court determine that a real estate agent was misclassified as an independent contractor, he or she may be entitled to employee benefits. According to California Labor Code Section 226.8(b), if the court or administrative agencies determines that a broker has misclassified a real estate agent as an independent contractor, that broker may be subjected to civil penalties greater than $5,000, in addition to other penalties and fines. The real estate agent who was misclassified may be entitled to reimbursement of business expenditures, taxes, workers’ compensation, wait time penalties, meal/rest break penalties, overtime pay and/or vacation pay. Ultimately, maintaining independent contractor status is key for brokers to avoid liability under the law. The line between independent contractor and employee is very fine, thus supervision and education of team leaders are important steps for brokers to take in order to stay within the bounds of the contracts they enter into with their agents. PAID AD
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REV-IT-UP 2018 TONY GONZALEZ
WITH SPECIAL GUEST
WE GIVE THANKS TO ALL OF OUR SPONSORS
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THANK YOU The Greater Downey Association of REALTORS® (DAOR) celebrated their 71st Installation Dinner/Dance on November 10th, 2017. Ericka Saenz was installed as Greater DAOR’s 2018 president. As a part of Greater DAOR tradition, the immediate past president Mario Acevedo handed over the presidential gavel to our new 2018 leader. Ericka is very excited to serve as Greater DAOR’s 2018 president! Ericka plans on doing many great things for the REALTOR community and has served on many Greater DAOR committees in the past. Her willingness and determination to serve is much appreciated by DAOR’s Board of Directors and staff.
Jervis & Associates
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Armando Gonzalez relies on over 25 years of lending experience to assist numerous families in achieving the American dream. He has funded over $750 million in loans and is the recipient of numerous top originator and service awards. Armando’s success is a result of his dedication to keeping the needs of his clients first. Whether you are a first-time homebuyer or a seasoned investor, his goal is to have a smooth loan process by keeping all parties informed each step of the way.
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Direct: 562-977-8380 • Cell: 562-756-1477 • Fax: 866-229-4248
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Copyright©2018 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-877-699-0353. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Lender. Licensed by the Department of Business Oversight under the California Finance Lenders Law. Loans made or arranged pursuant to a California Finance Lenders Law License. CA-DOC259249. 2553936
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GET TO KNOW THE 2018 INFLUENCERS
Solodad Lorea
REALTOR for 2 years - Keller Williams Pacific Estates Cerritos What do you do on your free time? On my free time I love to spend time with my Children / Granddaughter or go to a live concert as I love music.
Mario Mariscal
15 years in Business, 3 as a full time REALTOR Branch owner of an Excellence Office in the city of Downey What do you do on your free time? I love spending time with my children & family. For fun I love to disc-golf.
Edith Villa
REALTOR for 15 Years Century 21 Realty Masters What do you do on your free time? I love to spend time with my beautiful family and enjoy them no matter where or what we are doing!
Monica Rivera
9 years in business, 2 of those as a licensed agent - Keller Williams South East Los Angeles What do you do on your free time? I have a love for art, enjoy boxing, shooting guns and love spending time with family and friends!
Josue Ramon
REALTOR for about 9 years Owner of Excellence Premier Real Estate in South Gate What do you do on your free time? I like to watch sports. I am a fan of soccer and when I can, I like to go to my hometown Tijuana to watch my favorite soccer team play.
Natalie Romo
20 years this coming August 2018 - Owner of Excellence Real Estate in East Whittier What do you do on your free time? These days, all my spare time is with my new granddaughter Giada Grace (GiGi).
Maria Barraza
REALTOR for 7 years Century 21 Allstars What do you do on your free time? I enjoy tranquility, hiking, running at the beach, spending time with my kids and grand baby, and of course with my girlfriends. Also, I Love Listening to Audio of self improvement.
Alfredo Penida
REALTOR for 14 years Century 21 A Better Service What do you do on your free time? My hobbies are to play and watch Soccer.
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12073 Paramount Blvd, Downey CA 90242 “Your Personal REALTOR Association”
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