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Sandicor® MLS owners have agreed to a Memorandum of Understanding (MOU)

Posted by Taylor Thompson in Blog, Legal Updates, News | 0 comments

SAN DIEGO, Dec. 19, 2017 – The three-member Associations of Sandicor® MLS have agreed to a Memorandum of Understanding (MOU) as the first step towards a resolution to realign their MLS memberships to service the best interests of their respective association members. Sandicor® MLS is comprised of North San Diego County Association of REALTORS® (NSDCAR), Pacific Southwest Association of REALTORS® (PSAR), and Greater San Diego Association of REALTORS® (GSDAR). The MOU will be reviewed by a neutral third-party attorney who specializes in Association of REALTOR® and MLS representation to assist the parties in drafting a final settlement document. Although there are more steps that need to be taken before a resolution is reached, all parties involved support the details of this initial step which ensures that agent access to MLS information is at the forefront of the outcome. With this proposed resolution, NSDCAR and PSAR will join California Regional MLS (CRMLS), and GSDAR will operate as its own MLS. Each Association has acted with the intention of providing its membership with the most valuable MLS products and customer service. To ensure all members receive open access to as much information as possible, all three Associations have agreed to share data across both MLSs. MLS Subscribers will continue accessing MLS data and have the same level of access via Paragon, the software platform San Diego-area MLS users have been using for over three years, with no disruption of service. All three organizations have also agreed to keep the user experience the same for the members – the same look and feel that Sandicor® members have grown accustomed to will remain after the settlement takes effect for all members. In addition to keeping the Paragon system in place for all agents in San Diego County, users will have access to all listings and sold data for the entire county as well. This resolution will provide each Association with their desired MLS outcome. As such, NSDCAR and PSAR will become members of CRMLS, and GSDAR will operate their own MLS, to be named SDMLS (San Diego MLS). The name SANDICOR, as a distinct brand in the San Diego marketplace, will cease to exist. Both CRMLS and GSDAR’s MLS will share the same Paragon system, and will share their listing data with each other. It is anticipated to take at least 6 months for the new shared Paragon system to be built, but the new system will have the same design and functionality of the current system. The parties will continue to keep San Diego County agents updated on the settlement process. “This is a win for members of each Association,” said GSDAR President Bob Kevane. “Despite the philosophical differences between Associations that led to a parting of ways, our goal is for all members to continue to receive the same access, the same data, and the same MLS platform we’ve all grown familiar with.” Similar sentiments were echoed by NSDCAR Board Chair Michael Carunchio and PSAR President Sarah Heck. “We are confident this resolution will benefit NSDCAR members,” said Carunchio. “When all parties act in the interest of their users, it’s the agents and brokers who come out ahead,” added Heck. While the MOU is an expression of the intention of all the parties at this point, some modifications or amendments may be necessary in the future.

NAR Launches Call for Action on Tax Reform

Posted by Taylor Thompson in Blog, Legal Updates, News | 0 comments

NAR today launched a Call for Action to urge REALTORS® to tell federal lawmakers not to harm homeowners as they move forward with plans to reform the nation's tax code. The CFA is expected to run throughout the upcoming REALTORS® Conference & Expo and continue until Congress breaks for Thanksgiving. As a REALTOR you have no doubt heard about tax reform plans from Washington, DC. Now Congress is threatening tax incentives for homeowners, like the mortgage interest deduction and the state and local property tax deduction. These incentives are critical for a strong housing market that creates jobs and builds stable communities. Take action to tell Congress to reform our tax code AND protect middle-class homeowners.

Click Here to Help!

Call for Action Toolkit

 

Breaking News: Lawmakers Rally Votes to Pass Housing Package

Posted by Taylor Thompson in Blog, Legal Articles, Legal Updates, News | 0 comments

  By Ernie Cowan- NSDCAR Vice President of Government Affairs    

LAWMAKERS RALLY VOTES TO PASS HOUSING PACKAGE

In the waning hours of the 2017 legislative session, state lawmakers rallied the votes necessary to reach agreement on a package of housing bills designed to help alleviate the state’s historic housing crisis. The Legislature’s vote to approve the package will provide up to $4.1 billion in bond funding, plus another $250 million annually from a real estate transaction fee, altogether the largest amount of state financing for affordable housing in California history. The package is projected to generate an estimated 70,000 housing units by 2022. The vote followed amendments to Senate Bills 2 and 3, which were the subject of intense negotiation as leaders statewide sought to stimulate development and respond to growing public pressure to improve housing affordability. Both SB2 and SB3 required a two-thirds approval by the Assembly to pass.

Building Homes and Jobs Act

The Building Homes and Jobs Act (SB 2), authored by Sen. Atkins (D-San Diego), will create a permanent revenue source to fund affordable housing by charging $75 to $225 in document fees on real estate transactions, such as mortgage refinancing. Home and commercial property sales are exempt from the fee. SB 2 is expected to generate approximately $5 billion over the next five years when matched with federal, local, and private funds. SB 2 was amended August 29th to provide greater local control over the funds. In 2018, half the funds will be made available to local governments to support community planning and half to the Department of Housing and Community Development to fund programs for people experiencing or at risk of homelessness. Beginning in 2019, local governments will receive 70% of the funds, with the remaining 30% appropriated to the California Housing Finance Agency to create mixed-income multifamily residential housing for lower to moderate income households. “There is no single silver bullet that will solve the crisis; however, SB 2 is a step in the right direction,” said Atkins following the bill’s passage. “It will generate new, ongoing funding to create permanent supportive housing for people who are experiencing chronic homelessness, providing them with services they need to address their physical and mental health issues and relieving pressure on our courts, jails, and emergency rooms.”

NAR Call for Action on Flood Insurance. TAKE ACTION NOW!

Posted by Taylor Thompson in Blog, Legal Updates, News, Uncategorized | 0 comments

Reauthorize the National Flood Insurance Program (NFIP) The National Association of REALTORS (NAR) needs your help to drive messages to Members of Congress urging them to support H.R. 2874, “The 21st Century Flood Reform Act." H.R. 2874 reauthorizes the NFIP and makes a number of critical improvements to the NFIP including increased funds for mitigation activities, caps on overall premium increases, improved claim and mapping processes, as well as removing hurdles for more private market participation in the flood insurance market. Reauthorization of the NFIP will help over 5 million (read more and TAKE ACTION)

New Advertising Standards provided by C.A.R.

Posted by Taylor Thompson in Legal Articles, Legal Updates, News, Uncategorized | 0 comments

This may affect you! AB 1650 (Sponsored by C.A.R.) Makes significant changes to the State’s Business and Professions Code. It expands what must be included in real estate-related advertising materials and creates uniform advertising standards across a variety of media and types.   Click Here for PDF outline of the new rules   Click Here for C.A.R.'s web page dedicated to the change 

Carlsbad Begins Enforcement Of Sign Regulations

Posted by Taylor Thompson in Legal Articles, Legal Updates, News, Uncategorized | 0 comments

NSDCAR has been working closely with REALTORS®, active in Carlsbad, to address the enforcement of sign regulations in the city. So far, we have been unable to reach agreement on regulations that would allow for the placement of open house signs on public property during open house hours. In addition, there appears to be continued abuse, by a few members of the real estate industry, of the number of open house signs being placed; the hours they are on display; the fact that many signs are not related to an actual open house; and the fact that signs are illegally placed in public right-of-way. This has resulted in an increase in citizen complaints and as a result, effective April 17, the City of Carlsbad began an enforcement campaign based on “the letter of the law”. This means if your signs are placed in the public right-of-way; there are excessive numbers, or they are not directly associated with an open house, they will be removed. Continued violation could result in citations or legal action. Currently, the city is warning violators after the first violation, but then imposing a $100 fine for continued violations. We urge you to understand and follow the city sign regulations to avoid these actions. Unfortunately, the action by the City of Carlsbad is the result of continued abuse of city sign regulations. Please spread the word with your agents about complying with local sign regulations. NSDCAR and the Carlsbad REALTOR® working group will continue to address this issue. Please see the attached flyer that clearly explains where signs can be placed. Click Here to See Positioning Flyer

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