CVAR’s COVID-19 Resources
REALTORS®: Updates & Guidelines
What’s Happening at CVAR under
Latest COVID-19 Updates from C.A.R.
Citrus Valley Association of REALTORS® is conducting all business remotely. Meetings and classes presented by CVAR will be online and free of charge (see classes below).
Listen to Neil Schwartz, President and CEO of Century 21 Masters, talk about the biggest reasons REALTORS® don’t find good leads in this week’s CVAR Tip Clip, above.
Or watch the entire episode at CVAR.Live!
May 17 | CRMLS – Homesnap Pro
May 18 & 20 | NCREA Commercial Series CRE Sellers & Product
Fridays | License Renewal – Crash Course for Brokers/Agents ($85)
National Ethics Day
Live Streaming From CVAR June 17!
Deadline – N.A.R. Code of Ethics: All REALTORS® are required to take the Code of Ethics training by the end of 2021. But CVAR members are in luck. The irrepressible Leigh Brown will live stream her 3-hour training out to thousands of REALTORS® around the country, live from CVAR headquarters on June 17. This virtual training is free to CVAR members! REGISTER HERE #NationalEthicsDay #REeventsLive #CVARmembers
News & Featured Articles
CAR, Glide Reach Agreement
Since Compass’ purchase of Glide, CAR has worked to find a solution for members who choose to either stop or continue doing business with the transaction management platform. Starting today, May 17, C.A.R. members can no longer access Glide through the car.org website and will need to access Glide via Glide.com. To minimize disruption for members who wish to use the product, C.A.R. has reached a license agreement to allow use of C.A.R. standard forms within the Glide platform. If C.A.R. members choose not to use Glide, they will be able to export their transactions to a destination of their choosing including Transactions, zipForm® Edition. READ MORE
Open Houses OK, With Restrictions
Limited capacity, hand sanitizer, face coverings and physical distancing are all part of the new rules governing open houses, effective immediately, according to the California Department of Public Health. C.A.R. also has updates about forms.
Open Houses Are Back, or Are They?
Some agents are saying that open houses are unnecessary, because of the rapid-fire pace of the market combined with the safety factors surrounding the pandemic. “Anybody interested comes roaring in the first day it comes on the market,” said John Farrell, associate broker at Exit Realty Homeward Bound.
FHFA Loans for Low-Income Borrowers
An incredible year for refinancing mostly benefited wealthier borrowers, so now the Federal House Finance Agency (FHFA) is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by Fannie Mae and Freddie Mac, available starting June 5.
Green Loan, Mortgage Fraud Scheme
Police allege that the defendants in a mortgage fraud scheme used stolen identities of state prison inmates, people with developmental disabilities and deceased individuals to obtain mortgage and green loans between 2014 and 2020. The 6-year fraud scheme resulted in the theft of an estimated $15 million.
1st Quarter 2021 Market Stats!
Create an instant report for clients with
the latest information for 3 counties:
Los Angeles – Riverside – San Bernardino
Listing Requirement – Following a debate over privacy and pocket listings, the NAR board of directors on Friday approved a controversial proposal to require listings to include a property address upon submission to a multiple listing service. The policy does not require that an address be made public, just that it be immediately available to other MLS subscribers.
New Form – C.A.R. has created a new form to assist property managers in complying with a new federal rule issued by the Consumer Financial Protection Bureau (CFPB). Effective May 3, 2021, the CFPB rule requires attorneys and agents of landlords or owners of residential property (“debt collectors”) to provide written notice to tenants of their rights under the federal Center for Disease Control (CDC) eviction moratorium. Previously, no notice of the CDC eviction moratorium was required to be given to a tenant. Now, in certain circumstances, it is. (C.A.R.)
Tax Deadline May 17 – Today is the last day to file your taxes or apply for an extension! (IRS) (CA.gov)
Newcomers Educated – People moving into California tend to be more educated and wealthier than the people leaving. From 2015 to 2019, California gained 74,500 working-age adults with a bachelor’s degree or more, and lost 465,500 working-age adults with less than a bachelor’s degree. Over the past decade, California gained almost 114,000 high-income (more than $138,750 a year) working-age adults. Almost half of the adults who left in the 2010s said they left primarily for jobs, and nearly a quarter said their primary reason for leaving was housing. (Public Policy Institute of CA)
C.A.R. Director Application – If you meet the requirements and are interested in becoming a director on the board of the California Association of REALTORS®, click here for the application. Deadline May 20. Requirements for eligibility are listed on the application.
Curbside at CVAR – Order your store items by calling: (909) 305-2827. Designate the store (Glendora, South El Monte, or Rancho Cucamonga) where you’ll pick up. Call upon arrival to pick up curbside, contact-free. Please wear a mask!
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In Case You Missed It…
C.A.R., CRMLS Respond to Glide Purchase
In response to the Compass purchase of Glide, the free member benefit available through the CMRLS dashboard, C.A.R and CRMLS have released the following responses.
Appeal Delays Lifting Eviction Ban
A federal judge has lifted the nationwide eviction ban after a seven-month legal battle between the Alabama Association of REALTORS® and the U.S. Department of Health and Human Services. But the Department of Justice is challenging the ruling, keeping the eviction ban in place–for now.
Consumer Sentiment at Historic Low
Consumer sentiment toward buying homes reached the lowest level in the history of the Fannie Mae Home Purchase Sentiment Index® (HPSI) it was reported Friday. Few should be surprised that the lack of supply and high home prices are driving this pessimism. Click the button for highlights of expectations, job, mortgage rates and more.
Broker Strategies for Tight Inventory
The pandemic has turned that single-family home into a highly desirable object. When you’re a real estate agent, what do you do when sellers are scarce, and builders are having trouble meeting demand?