i. 6 / vol. II

www.samcar.orgMonthly Newsletter of the San Mateo County Association of REALTORS®

June2009

SAMCAR

Legislative

In this issue...

Message from the Presidentpage 1

New Members | MAY 2009page 2

RSVPpages 5 & 6

North Tourpage 5

Annual CharityGolf Tournamentpage 6

SAMCAR Travels tothe Nation’s Capitalpages 3 & 4

Legislative Daypage 3

Burlingame Storm Drain Measure Passespage 4

NARUniform Process for Short Sales Will Help Struggling Homeownerspage 2

monthly newsletter of the

San Mateo CountyAssociation of realtors®

www.samcar.org

tel. (650) 696-8200fax (650) 342-7509

2009 PresidentPresident Elect

Region 25 ChairDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirectorDirector

Affiliate DirectorDirectorDirector

Olivia T. EdwardsJennifer TastoMarianne Zanone RushTim AuranEric BerggrenRobert BrisbaneJohn CliffordNini De La Fuente-PecsonBobbi DeckerSuzan Getchell-WallacePhillip HoustonAnne OlivaEdgar TulcanazaSusan VaterlausDavid Zigal

SAMCAR {RE}source is published monthly by the San Mateo County Association of REALTORS®,850 Woodside Way, San Mateo, CA 94401 and distributed to more than 4,000 recipients. E-mail samcar@samcar.org your questions or comments.

BoARd of diReCtoRS

Philip B. Tedesco, RCE, CAE

Chief exeCutive offiCeR

editoRiAL teAM

Director of Government Affairs Publications Designer

Michon Coleman Dalen Gilbrech

Copyright © 2009

Our VisionThe Voice for Real Estate Professionals and

Property Owners in San Mateo County.

Olivia Edwards2009 SAMCAR President

Last week I traveLed to washIngton d.C. to the NAR’s mid-year conference. You may be thinking “well that’s nice and all, but what does it mean to me…Joe Realtor?”

During the visit I had an opportunity to visit NAR’s Washington D.C. headquarters for the first time. Standing at the top of 500 New Jersey – NAR’s headquarters’ address – watching the pan-oramic view of this incredible city, I couldn’t help feeling proud of being a REALTOR® and belonging to this great organization made up of mostly volunteers. NAR has created a building so compelling it has become one of the defining features of Washington D.C. This building that represents you and me is a truly striking glass office tower. You might think we spent a lot of money but the building’s market value doubled in the first three years after construction and today its leased space is generating all the revenue NAR needs to cover its annual carrying costs. NAR leadership has created a building that makes a statement that resonates far and wide among federal lawmakers on Capitol Hill and that silently declares that we are a powerful organization. When Congress decides that it might be a good idea to do away with the homeowner mortgage tax deduction NAR can stand up and say it’s not a good idea . . . and lawmakers listen. NAR is currently lobbying to make the $8,000 tax credit for all buyers and not just first time buyers. Did you know that 28% of REALTORS® nationwide have no health insurance? NAR is lobbying to make health care coverage more affordable and more accessible for the small business owner and the self-employed. While NAR supports the move to make building more energy efficient, they opposed the effort to make these changes at point of sale, which would have added increased cost to the homebuyer. NAR has also formed our very own Federal Credit Union. So for you – the dues paying members of the NAR – know that your interests are being looked after in Washington through the powerful presence of our leadership and our imposing “Green” building on Capitol Hill.

Message from your 2009 PReSideNt

REALTORS®

Welcome New MembersThe Following Members Joined in May 2009

AFFILIATES

Terry Blumberg, ZipRealty, Inc.

Chiara Rosati Carthy, Cashin Company

Jennifer Chen, Coldwell Banker

Theresa Galvan Cruz, Coldwell Banker

Maria T. Franco, Franco Real Estate Group

Linda D. Frye, Linda D Frye, Broker

Lily Hsu, Bay 1st Realty & Mortgage Inc

Dianne Jones, Heritage Realty

Jerry Kwan, Cig Realty & Loans

Rephina Louie, RE/MAX Active Realty

Mike Tsachres, Olympic Realty & Inv. Co.

Veronica Mora, Mortgage California

NAR uPdAte

Uniform Process for Short SalesWill Help Struggling Homeowners

SAMCAR Leadership traveled to Washington D.C. to participate in NAR’s midyear legislative meetings in May. Pictured above (from left) are Director Marianne Zanone Rush, CEO Philip Tedesco, Sue Walsh, SILVAR Past-President Leannah Hunt, SAMCAR President-Elect Jennifer Tasto, Director Anne Oliva, and Legislative Aid to Rep. Anna Eshoo Emma Moburg-Jones

Please read more about the outcome of thesemeetings on pages 3 and 4 of this issue.

NAR Midyear Legislative Meetings

heLp Is on the way for many homeowners who are facing foreclosure, thanks to new details

under the Making Home Affordable Program announced by the U.S. Treasury and the U.S. Department of Housing and Urban Development.

The Making Home Affordable Program is designed to help homeowners obtain modifications to their loan so they can afford to stay in their home. Where a modification is not possible, new incentives encourage the “quick private sale or voluntary transfer of property, which will save homeowners money and protect their financial future,” according to U.S. Treasury Secretary Timothy Geithner. The National Association of REALTORS® expects that a uniform process for handling short sales and financial incentives will facilitate this process.

“NAR is pleased that the government is stepping in to help prevent foreclosures by

streamlining the short-sale and deeds-in-lieu process,” said NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “NAR has been calling for uniform short sales procedures and other initiatives that will help today’s homeowners in challenging economy.”

“We have heard from REALTORS® that the extensive delay in the short sale process caused many buyers to go elsewhere and have left many would-be sellers with no option but foreclosure. We are all pleased that the government has stepped in to help homeowners and those wishing to buy a home,” McMillan said.

For detailed information on theprogram changes, please visit:

www.treasury.gov

June 2009 2

GoveRNMeNt AffAiRS

SAMCARTravels to theNation’s Capitol

In May, members of SAMCAR leadership traveled to Washington, D.C. to attend NAR’s Midyear Meetings. The most important aspect of this annual trip is the opportunity to visit

Capitol Hill and meet with our representatives in Congress – Rep. Jackie Speier and Rep. Anna Eshoo. Each year, NAR establishes a legislative agenda for which our group lobbies during these meetings. This year, our agenda included legislation designed to stimulate a recovery of the housing market, proposals that promote energy efficiency in residential and commercial buildings, and recommendations that emphasized the need and importance of access to affordable healthcare for those who are self-employed. What follows is a summary of each issue and theaction we requested during our meetings.

Move the Housing Market Forwardand Safeguard Our CommunitiesLegislation must be enacted that will stabilize housing and mortgage markets. NAR has identified three ways in which to achieve this objective: (1) fortify Fannie Mae and Freddie Mac to ensure capital for mortgage lending in all markets; (2) make the 2008 loan limit formula and caps permanent (particularly important in high cost areas such as ours), to provide fair, affordable financing for all borrowers; and (3) extend the $8000 homebuyer tax credit to all homebuyers to encourage purchases.

Preserve the Mortgage Interest Deduction (MID)The Mortgage Interest Deduction (MID) must be retained. We discussed with Reps. Speier and Eshoo, that any proposals that would reduce or limit the MID would undermine consumer confidence in the housing market at a time when the goal is to stabilize housing prices and sustain homeownership. Simply put, now is not the time to change the MID.

LegislativeDay On Wednesday, June 3rd,

CAR will host its annual Legislative Day. SAMCAR members will meet with our state representatives to advocate for issues of importance to the real estate industry. This year’s legislative agenda includes the following:

SB 407Point-of-Sale Retrofit: Water ConservationC.A.R. is opposed to SB 407, a bill that requires ALL residential and commercial properties be retrofitted at point-of-sale with low-flow toilets, shower heads and faucets. While C.A.R. appreciates the goal of conserving water, C.A.R. opposes SB 407 because it will not achieve the objective of significantly reducing water consumption. Point-of-sale simply takes too long. About 70% of California’s existing housing stock was constructed prior to the implementation of water efficiency standards in 1992. Point-of-sale requirements have such poor market penetration that they will take forever to reach all of these properties. Further, it could destabilize the already weak housing market. Recent amendments to SB 407 also increase liability exposure for REALTORS®.

AB 603Statewide Just Cause Evictions C.A.R. opposes AB 603 which will, until January 1, 2013, prohibit anyone who acquires foreclosed rental property from terminating a tenancy unless the new owner has owned the property for a minimum of one year or can demonstrate a “just cause” (for example, non-payment of rent) for the eviction. AB 603 will apply to ANY property that is being leased by a tenant prior to the completion of the foreclosure proceedings, and includes single-family and multi-family homes. C.A.R. opposes AB 603 because it will create a disincentive for ANY buyer to purchase a tenant occupied REO home and will only further delay the recovery of California’s housing market.

C.A.R OPPOSES

C.A.R OPPOSES

June 20093

GoveRNMeNt AffAiRS

Stabilize and Provide Liquidityto Commercial Real Estate MarketsThere is a crisis in the commercial credit markets. Having a sound and functioning commercial and multifamily real estate sector is critical to the country’s economic growth and development. NAR believes this problem can be resolved by extending the term of Term Asset-backed Securities Loan Facility (TALF) loans used to finance the purchase of Commercial Mortgage Backed Securities (CMBS). In our meetings, we asked that the terms of these loans be extended beyond the current permissible three year limit to accommodate the longer term nature of commercial real estate lending.

Energy Efficiency inHomes and Commercial BuildingsMany REALTORS® are concerned about energy efficiency and other ways to help themselves and their clients “go green.” As jurisdictions determine how best to achieve its goals, many are considering mandatory mechanisms, often using the point-of-sale as the trigger. NAR supports energy efficiency legislation for homes and commercial build-ings that instead incorporates an incentive-based approach, such as credits and rebates. Educating consumers on the benefits of en-ergy efficiency is critical as well.

To date, Reps. Waxman (D-CA) and Markey (D-MA) have both introduced legislation which develops Energy Star labels for homes and buildings and provides funds to states that implement a labeling program. The legislation also provides funds to states that incentivize home and building energy retrofits, and preempts the EPA from regulating carbon emissions from smaller buildings.

Health Coverage for theSelf Employed and Small BusinessesParticularly in uncertain economic times such as these, Congress must act on the problems the self-employed and small businesses face purchasing health insurance coverage for themselves, their families and their employees. We noted a number of recommendations on this issue, including: (1) legislative reform effort must address the unique set of issues that face the self-employed and small businesses in finding affordable health insurance coverage; (2) the self-employed, independent contractor, free-lance and small business work force must be afforded the same health insurance coverage terms, underwriting consideration and tax treatment available to larger firms, and (3) cost containment/affordability must be a part of any proposed plan. Insurance that is cost-prohibitive is no solution to the problems faced by the self-employed and small employers.

For more information about NAR’s legislative agenda or any other legislative matters, please be sure to contact your Government Affairs Director, Michon Coleman, at:

(650) 696-8204 mcoleman@samcar.org

SB 633Local Property Maintenance OrdinancesC.A.R. is sponsoring SB 633, which is being amended to pre-empt overreaching and unfair local ordinances meant to force the upkeep of vacant properties either before or during foreclosure. C.A.R. is sponsoring SB 633 to keep local governments from loading foreclosure properties with thousands or tens of thousands of dollars in fines for failing to maintain the property.

AB 985Point-of-Sale: Restrictive Covenants

Burlingame Storm Drain Measure PassesGreat news! Burlingame’s storm drain ballot measure PASSED. The measure, which will provide the funds needed to repair the city’s aging storm drain system, had overwhelming support from the city’s homeowners.

Of the 4,267 votes cast, 2,706 property owners voted to approve the measure. This represented 63.4% of the votes cast. 1,561 property owners, or 36.5%, voted against the measure.

continued from page 3 ▼

C.A.R SPONSORS

C.A.R OPPOSES

continued from page 3 ▼

C.A.R. opposes AB 985, which requires title and escrow officers to review every deed and related documents, including CC&R’s, and remove historic illegal, and unenforceable restrictions from title records whenever a property transfers. While appreciating the intent of the bill, C.A.R. opposes it because it will further slow transactions and increase costs. C.A.R. withheld its opposition when AB 985 was considered by the Assembly while generating a response from the member groups in the Real Estate Leadership Summit, to encourage the author to amend the bill so that changes to title documents would be done outside of the transaction. However, since the bill has not been amended, C.A.R. is now forced to oppose AB 985 in the Senate.

It should be noted that existing law already invalidates any provision in a real property deed that restricts the right of a person to sell, lease, rent, use or occupy the property based on race, color, religion, sex, marital status, national origin, ancestry, familial status, disability, source of income, or sexual orientation.

June 2009 4

ASSoCiAtioN eveNtS & MeetiNGS

news fromNoRth touR

TheReal Estate DietA Plan For Success

SAMCAR held its annual REALToR® Service Volunteer Program (R.S.V.P) the week of May 4th through 8th where 129 volunteers from the Association went to the homes of 126 seniors who needed basic household maintenance tasks performed. The volunteers brought big smiles to the seniors as chores like changing smoke alarm batteries, planting new flowers, sweeping out cobwebs, and cleaning the top of grills were handled for them. Alan Canas, a REALTOR® with Cashin Company and a RSVP volunteer, said, “Being involved with RSVP is very rewarding. The appreciation from the people we help is very gratifying. The senior I helped baked goodies for us while we helped brighten her world by cleaning all the windows in the house, planting impatiens in her yard and cleaning her deck so she could sit outside.”

The Real Estate Diet Three Week Program

Week 1: MindGet a mind set for a goal. If you don’t know where you are going, you’re never going to get there. Use the power of positive thinking. Clear your mind of negative thoughts. Don’t get sucked into the negative media coverage of the market. There are REALTORS® out there closing deals, you can too!

Week 2: BodyYou need energy to get your through the day, so focus on getting into motion and getting your body active. To help clear your mind and get more oxygen to your brain for clear thinking, start walking. The goal is do something every day to help decrease stress and increase physical activity. Focus on eating healthy, as well. Skip the fast food and the easy snacks. If you feel good about yourself, more success will come your way.

Week 3: SoulYou need to put your spirit into all you do. You must have belief in yourself and your abilities to succeed. You must feed your passion and remember why you got into this business. When you remember you are doing what you love to do, smile! People respond to this positive energy that you are in this business because its what you love to do. Be the REALTOR with soul and remember to give! Give time, energy, money, passion and yourself back to your community. It all comes back around, sometimes ten fold.

It takes 21 days (three weeks!) to change a habit. Good luck!

Community MindedREALToRS® Give BackTo Seniors During RSVP(REALTOR® Service Volunteer Program)Contributed by: Julie Ziemelis

Contributed by: Julie Ziemelis

At the May 19th North Tour meeting, Anne Oliva, REALTOR® (Marshall Realty) led a presentation on a plan she helped develop with Bobbi Decker (Intero Real Estate) called the Real Estate Diet.

Anne stated that “negative thoughts are going to kill this industry” and if real estate professionals are going to survive this economic downturn they have to focus on a routine to sell. “Real estate is a tough job” she said and she believes that the cream of the crop will rise to the top. She shared her “Diet Plan” with the group saying, “Are you hungry? Then put good food in your body, positive thoughts in your head and feed your soul”. Here are the basics ►

Corrin Trowbridge (Trowbridge Insurance) and SAMCAR Director Suzan Getchell-Wallace (Coldwell Banker Fahey Properties) with one of the many seniors visited by RSVP volunteers.

The Intero Real Estate RSVP volunteer teamcontinued on page 6 ►

June 20095

ASSoCiAtioN eveNtS & MeetiNGS

The Marshall Realty RSVP volunteer team

RSVP Volunteers from Cashin Company Brooke Dunbar and Alan Canas

We applaud the efforts of our volunteers who are dedicated to giving back to the community and elevating the quality of life for the residents of our county.

Event Program Advertising(DEADLINE: 30 June 2009 | COST: $99) Please contact Beckie Patane at (650) 696-8220 or beckie@samcar.org including your contact information,digital logo file (.ai or .eps, vector, format please) andyour favorite cocktail or appetizer recipe.

Hole Sponsorship Form(DEADLINE: 30 June 2009)http://www.samcar.org/userfiles/file/GOLF09_HoleSponsor.pdf

Golfer Registration Form (Early-Bird Price before 11 July 2009)http://www.samcar.org/userfiles/file/GOLF09_GolferReg.pdf

HoleSponsorships,Program Ads& GolferRegistration

Irene Wallace, an 80-year-old resident wrote a thank you note to SAMCAR where she writes in part, “Thanks to the three volunteers who took on a major patio rafter task, as well as window cleaning, changing the battery in my smoke detector and other chores. I appreciate their efforts and time spent helping me. After 60 years here in the same house, some of upkeeping tasks have become more challenging. Thank you for this wonderful service.”

2009 President, Olivia Edwards, said “We applaud the efforts of our volunteers who are dedicated to giving back to the community and elevating the quality of life for the residents of our county. I am proud of the efforts that the SAMCAR members contributed to the seniors.”

Thank you to all our volunteers for taking the time to help the seniors during R.S.V.P week!

continued from page 5 ▼

—Olivia Edwards, 2009 SAMCAR President

June 2009 6

Classes & Events

Weekly Education, Events & Tour CalendarJUNE 2009

June 1010 a.m.

CoastsidE Legislative Committee MeetingLocation: Half Moon Bay Coastside Chamber of Commerce

& Visitor’s Bureau - 235 Main Street, Half Moon Bay

Legislative Committee Meetings

SAMCAR Board of Directors Meetings

June 248:30 a.m.

saMCaR Board of directors MeetingMembers welcome to attend these monthly meetings. | Location: SAMCAR

June 118 a.m. – 5 p.m.

GRi 114: Essential Concepts of the C.a.R. Residential Purchase agreementLocation: SAMCAR| Cost: $149Registration: http://www.eDesignations.com or 888-785-4800

July 98 a.m. – 5 p.m.

GRi 100 – 101: agency Relationships, duties and disclosures – Ethics, Professional Conduct and Legal aspectsLocation: SAMCAR | Cost: $149Registration: http://www.eDesignations.com or 888-785-4800

June 179:30 – 11 a.m.

PENiNsULa Legislative Committee MeetingMembers welcome to attend these monthly meetings. | Location: SAMCAR

June 119:30 a.m.

PaCifiCa Legislative Committee Meeting *sPECiaL datE*Location: RE/MAX Dolphin - 450 Dondee Way, Suite 7, Pacifica

August 711 a.m. – 1 p.m.

LUNCh & LEaRN: adobe PhotoshoPOrganize, edit, enhance and preserve your photos with Adobe® Photoshop.Location: SAMCAR| Cost: FREE; available to SAMCAR members onlyInstructor: Lynn Pesonen | Registration: (650) 696-8200

June 81 p.m.

Legal dangers of short sales, REos and foreclosuresLocation: SAMCAR | Cost: FREE | Instructor: Dave HamersloughRegistration: (650) 696-8200

June18 & 197:30 a.m. – 5 p.m.(both days)

CRs 204: Wealth Building“Creating Wealth through Residential Real Estate Investment”

Location: SAMCAR | Instructor: Jock BarkerCost: $300 early-bird price ends May 18 | Register: (650) 696-8200

June 1211 a.m. – 1 p.m.

LUNCh & LEaRN: Microsoft PoWERPoiNtLocation: SAMCAR | Cost: FREE; available to SAMCAR members onlyInstructor: Lynn Pesonen | Registration: (650) 696-8200

July 1011 a.m. – 1 p.m.

LUNCh & LEaRN: Microsoft EXCELCreate, edit and print Spreadsheets; Shortcuts to edit, enter data.Location: SAMCAR| Cost: FREE; available to SAMCAR members onlyInstructor: Lynn Pesonen | Registration: (650) 696-8200

June 2611 a.m. – 12 p.m.

how to Create Massive abundance in your Real Estate Business todayLocation: SAMCAR | Cost: FREE | Registration: (650) 696-8200Instructor: Christopher Stafford and Deborah Jenkins

June 241 – 2:30 p.m.

e-PRo Workshop with instructor saul KleinLocation: SAMCAR | Cost: FREE | Registration: (650) 696-8200

Marketing MeetingsTuesday, June 2

MLS Tour Sheet Deadline Reminder

Broker/Property toursTuesdays 9:30 a.m. – 1:30 p.m.

Deadline to add tours in MLSMondays, 11 a.m. Entry deadlines are subject to change for holidays.

Deadline for Monday holidaysprior Friday at 11 a.m.

View tour sheet by Monday afternoonhttp://www.samcar.org/index.cfm/tour_information.htm

MAY 29 – JUNE 5

Su Mo Tu We Th Fr Sa24 25 26 27 28 29 3031 01 02 03 04 05 06

8:30 a.m. June Combined TourElks Lodge 229 West 20th AvenueSan Mateo

Presentations: San Mateo Police ChiefSusan ManheimerState of the San Mateo Community 2009

and

Tom Neel, Coldwell BankerSuccess Tips on Real Estate

Breakfast SponsorAMS Bekins

9 a.m. Half Moon Bay TourCommunity Center 535 Kelly AvenueHalf Moon Bay