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: 12/6/2016 - David Mashian, Broker
“10 Steps How to get Commercial Listings”

Our Current Workshops are: The LISTING, COMMUNICATION and the LAND Workshops -

This Weeks Workshop is: Best Practices for the the 4th Quarter and the Holiday Season & Business Planning for 2017
“Best Practices” was covered very well last month by Manny, but it’s worth reviewing again. For many agents the last quarter of the year is a fairly unproductive time, but for me it’s the most productive time of the year. It’s also the most fun.

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: "When the government fears the people that is liberty. When the people fear the government that is tyranny." Thomas Jefferson,

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.

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.
  • CoStar's People of Note (Dec. 9)
    It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Atlanta, Washington DC, Los Angeles, Dallas / Ft. Worth, Boston, Northern New Jersey, Chicago, Denver, Southwest Florida, South Florida, St. Louis and East Bay. NEW YORK CITY Colliers Lands High Profile Capital Markets Team By Kelly Faulk
  • Oceanwide Holdings Breaks Ground on SF’s Second-Tallest Tower
    Beijing-based Oceanwide Holdings has broken ground on Oceanwide Center, a mixed-use project including two towers, including one that will stand second only to Salesforce Tower as the tallest building in San Francisco. The taller of the structures in the two-building project rising at First and Mission in the Transbay district will be 910 feet , while the smaller building at 519 Mission will stand 625 feet tall and include a 171-room Waldorf Astoria...
  • Japan’s Mori Trust Establishes US Subsidiary, Buying 2 Office Buildings in Boston
    Tokyo-based Mori Trust Co, Ltd. has established a US subsidiary and kicked off its overseas investment business with a deal to buy two office buildings in Boston. The trust is looking to invest up to $7 billion overseas. “We set investments in overseas real estate as a key business strategy [last summer] in an attempt to capture business opportunities overseas and build a stable asset portfolio that can ride out a global economic change,” Miwako...