Featured Classes and Events
Sept. 23 | CRMLS Training – CVAR West – Free
Sept. 24 | Solar 101 – Lunch & Learn – All Locations
Sept. 24-26 | REimagine Conference & Expo
Oct. 3 | Committees & Cocktails
Highlights from the CVAR End of Summer Bash!
4thQ MLS Due Sept. 30
How to Choose Your Location
Picking a location for a new brokerage office can be stressful. You want high visibility, space for agents, a lobby that sets the tone and something that speaks to your potential and current clientele. Here are some positives and negatives to think about when selecting the right office location for your business. READ MORE
Your Office – Part II
4 Tips to Fitting Into Community
Brokers are making their offices essential parts of their communities. Here are examples of what a few of them are doing to make their space matter more—not just to agents and clients, but to friends and neighbors. READ MORE
Fed Cut: Economy Protection
The central bank announced that it would cut its benchmark overnight lending rate a quarter percent to a target range of 1.75% to 2%. The committee again cited “the implications of global developments for the economic outlook as well as muted inflation pressures” as the primary rationale for last week’s cut. READ MORE
When the Flips Are Down…
Fewer homes were flipped by investors in the second quarter compared with the same quarter one year ago as profits grew smaller. “Home flipping keeps getting less and less profitable….” READ MORE
Bill Becomes Law – Contained within AB 5 (gig worker bill) is a clear reconfirmation of the right of real estate agents to be treated as independent contractors. (C.A.R.)
Zillow Announcement – Zillow is partnering with select homebuilders in a deal that allows home sellers move into their new construction home up to 8 months before their existing home sells. (Cision PR Newswire)
Consumers Rule – As other parts of the economy begin to exhibit weakness, consumer spending–supported by continued worker compensation growth–remains the primary driver of the current economic expansion. (Fannie Mae)
Construction Indicator – Single-family permits, a useful indicator of future construction activity, rose 4.5 percent in August (866,000 units) compared to July but have registered a 4.1 percent loss thus far in 2019 compared to last year. (NAHB)
September: Product of the Month
Safety products are 10% off at all three CVAR stores during
REALTOR® Safety Month!
2nd Quarter Data
See 2nd Quarter market data at CVAR Market At A Glance, create an instant report for clients with the latest information for three counties: Los Angeles, Riverside, San Bernardino.
In Case You Missed It….
Rent Hike Bill Passes: What It Means
Despite REALTOR® opposition, State legislators passed AB 1482, which limits annual rent increases to 5% plus the rate of inflation, and requires landlords to provide a “just cause” for evicting tenants. But developers saw incentive to support the bill.
Brokers: Teach Agents to Price Homes
Pricing a home correctly can be tough for newer agents, but pricing a home in a highly competitive market can be a real challenge even for seasoned pros. Brokers can help agents nail the right price by sharing some tricks of the trade as they prepare a listing presentation for a selling prospect. READ MORE
5 Common Instagram Blunders
Instagram is the perfect social media platform for real estate: You can make followers ogle at property photos, fall in love with listings through innovative IG stories and get a peek into your day-to-day business through IGTV. So, what are the 5 biggest blunders real estate professionals are making? READ MORE