ELECTIONS – Local cities Compiled by Bill Ruh CVAR Government Affairs Director With the elections now certified, I will include the names of the local winners below in each city that held elections. With only a few exceptions, CVAR knew the winners in each of our cities. We encourage REALTOR® members to contact the winners […]
Government Affairs
Thieves Pose as SCE for Scam
Rancho Cucamonga resident and businessman Gordon Broney became one of the latest victims of a scam targeting customers of Southern California Edison. Telephone callers pretending to be employees of the electricity utility have this year stolen almost $300,000 from 433 customers by threatening to shut off their power over unpaid bills unless immediate payment is […]
Dec. 7- CVAR Connect
CVAR’s COVID-19 Resources REALTORS®: Updates & Guidelines What’s Happening at CVAR under COVID-19 restrictions 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). ____________ Online at CVAR Dec. 8 | Virtual Buyer Consultation & Offer Submission Secrets […]
Prop 19: Property Tax Exemptions From Reassessment
With the passage of Proposition 19, a homeowner who is over 55 years of age, severely disabled or whose home has been substantially damaged by wildfire or natural disaster may transfer the taxable value of their primary residence to: A replacement primary residence Anywhere in the state Regardless of the value of the replacement primary […]
FHFA Loan Limit Increase
The Federal Housing Finance Agency (FHFA) announced it will increase the 2021 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $548,250 on one-unit properties and a cap of $822,375 in high-cost areas, such as California. The previous loan limits were $510,400 and $765,600, respectively. Baseline limit The Housing and Economic […]
Nov. 23 – CVAR Connect
CVAR’s COVID-19 Resources REALTORS®: Updates & Guidelines What’s Happening at CVAR under COVID-19 restrictions 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). ____________ Online at CVAR Nov. 23 | CRMLS Training – Virtual Matrix Nov. […]
DOJ Lawsuit Against N.A.R.
The Department of Justice (DOJ) filed a lawsuit against the National Association of REALTORS® (NAR) last week, alleging a series of violations of antitrust law, including commission arrangements and consumer disclosure requirements. NAR has adopted a “series of rules, policies, and practices governing, among other things, the publication and marketing of real estate, real estate broker commissions, as […]
California Moratorium on Fire Insurance Cancellations
As this year’s historic wildfire season winds down, Californians living in fire-prone territory got temporary relief from another threat: they can’t lose their homeowners’ insurance policies for another year. Premiums and nonrenewal rates have skyrocketed in California’s fire-prone regions since 2015 as companies are loath to pay for damages wreaked by the state’s increasingly devastating […]
Nov. 16 – CVAR Connect
CVAR’s COVID-19 Resources REALTORS®: Updates & Guidelines What’s Happening at CVAR under COVID-19 restrictions 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). ____________ Online at CVAR Nov. 16 | CRMLS Training – MLS-Touch Nov. 17 | Prescreen […]
Nov. 2020 – Cities Report
Election Results: Propositions Proposition 19, the CAR-backed initiative to enact property tax portability has passed. The measure was heavily supported by REALTORS® along with 15 million voters in California. Prop 19 provides needed housing and tax relief for seniors and wildfire victims while generating much needed revenue for schools and local governments. Proposition 15, the […]