OCAR Blog

News and Information to Keep You a Step Ahead!

Artificial intelligence and virtual reality have moved rapidly from entertaining science fiction to useful fact. This issue highlights some of the new apps, tools, and computer simulations that can help REALTORS® make appointments, reimagine space, and sell listings.

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In 2018 C.A.R. will assess you an extra $100 to be a REALTOR®.  Yes, that is a big cost to your already stretched budget.  I would venture to guess, however, that that thinning wallet of yours could use a few more listings.  

While the population of California continues to grow, real estate transactions are at about the same number that they were in the 1970’s.  This is not only a problem for REALTORS®, but for young families trying to stay in Orange County.  The median home price in Orange County is upwards of $700,000.  With 20% down, a family would have to make at least $142,000 a year to afford that home.  What we have is a huge supply shortage and it’s hurting everyone.  

One of the largest factors contributing to our current supply shortage is the nature in which our Proposition 13 tax structure makes it unaffordable for people to leave their homes.  In Orange County, people are staying in their homes an average of 20 years, and for many it’s not by choice.  

C.A.R. has decided to take a significant step towards solving this problem.  The C.A.R. Board of Directors voted to work toward the placement of a ballot initiative on the November 2018 ballot.  This initiative would allow property owners over 55 to move to a home at equal or lesser value, and keep their lower property tax base.   It would also allow them to buy up and create a blended tax rate. 

Should this initiative pass it could free up as many as 40 to 60 thousand transactions a year in the state of California which releases the valve on inventory, lowers prices, and helps your business.  

Unfortunately, between signature gathering and campaigning, the initiative will probably cost between $30 and $50 million to pass.  Hence, the $100 assessment.  While the cost is undoubtedly burdensome. The benefit is well worth it.  

  • $100 Member Assessment
  • Property tax basis transfer ballot measure that will likely cost between $30 & $50 million to pass
  • If passed could free up 40 to 60 thousand California real estate transactions a year. 
  • This is much needed inventory that helps potential homeowners and REALTORS® alike.



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b2ap3_thumbnail_Dick_Lorenz_photo.jpg In Memoriam: Richard "Dick" Dean Lorenz
(1936-2017)

It is with great sadness that we announce the passing of a beloved member, Richard "Dick" Dean Lorenz. Dick, 80, passed away from complications of recently diagnosed lymphoma, at Kindred Hospital in Westminster, California, July 5, 2017, surrounded by his wife and daughters. He earned a BS degree in Finance from California State University, Long Beach in 1970 and his California Real Estate License from the Department of Real Estate in 1976. He continued to be an active and well respected member of the real estate community. 

A celebration of life event will be held on Saturday, October 21, 2017, in the Huntington Beach area. Please RSVP to ShareYourMemories.RLorenz@gmail.com or call/text Blaire Melatti 714-767-0794. His family invites you to email your memories, stories and photos with them. A compilation of these memories will be shared at the celebration of life event.
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b2ap3_thumbnail_Brian_Fraser_photo.jpg In Memoriam: Brian Fraser
(1978-2017)

It is with great sadness that we announce the loss of a beloved member of the real estate community as a result of the horrific mass shooting in Las Vegas on Sunday, October 1. Brian Fraser, 39, was with friends and family at the Route 91 Harvest festival when his life was cut short. Brian most recently was employed as vice president of sales at Greenpath, a Southern California mortgage company.

A GoFundMe page has been created to help with family with this unexpected loss. If you wish to donate, click here.
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b2ap3_thumbnail_JanWitheeBobst_photo.jpg In Memoriam: Jan Withee Bobst

It is with great sadness that we announce the passing of a beloved member, Jan Withee Bobst. Jan was in the Escrow Industry from 1970 to 1994, and was involved in OCEA, AEA, OCAR and RIAOC.  She owned Jan Withee Escrows (later, JW Escrows) from 1980 until her retirement. Daughters Karen Withee and Tari Coleman followed her into the industry, where they continue to work. Jan was predeceased by her daughter Debbie Withee Fielden, a Certified Escrow Officer who served as OCEA’s 1995 President. 

Viewing:                    
Friday, October 6, 2017                               
2:00 – 3:00 PM                                   
Heritage-Dilday Memorial Services
17911 Beach Blvd., Huntington Beach, CA 92647
 

Celebration of Life:  
Sunday, October 15, 2017                           
12:00 – 4:00 PM
El Bekal Shrine Center
1320 S. Sanderson Ave., Anaheim, CA 92806 

  • Color scheme
    • Scarlet and Gold – the U.S. Marine Corps and Shriners International colors
  • Lunch buffet will be served. *
    • Please RSVP prior to Oct. 12 for the catering head count, either through “Messenger,” or via email: taricoleman1@gmail.com 

Burial:                       
Friday, October 20, 2017                             
12:00 – 12:30PM *
Riverside National Cemetery
22495 Van Buren Blvd., Riverside, CA 92518 

* Please arrive in time to line up at noon for the caravan to the burial site, where the service will take place from precisely 12:15 – 12:30 PM


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