Here is a quick update from OCAR on items that may affect your brokerage, including:

FIRPTA withholding rate changes 2/17

For sales on or after February 17, the Foreign Investment in Real Property Tax Act (FIRPTA) withholding rate increases from 10% to 15%, when the property’s sales price exceeds $1M—residence or not.  

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New Law Changes CE Requirements, License Renewal

A new law (AB 345) that took effect on January 1 requires a continuing education (CE) course on Management and Supervision of real estate licensed activity for:

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New, Free Member Benefit:  MLS-Touch

MLS-Touch is now free for OCAR REALTORS®-- a savings of $99/year. This state-of-the-art app brings rich MLS data to your favorite mobile device. Watch this two-minute video for feature highlights and download/login instructions.

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New FV Office Opens Feb 24; HB Closes March 11

To better serve our members, OCAR is moving from Huntington Beach to a new, full-service office in Fountain Valley. The FV office opens for business on February 24. The HB office will remain open until March 11. 

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Mark Your 2016 Calendar:  OCAR Events and Fundraisers

March 21 Market Forecast & Membership Meeting—Register Today!

April 13 Fountain Valley Office Open House

May 16 Golf Tournament—Register to Play

June 29 Broker Summit:  The Future of the MLS

August 5 OCAR Palooza

October 24 REAL SOCIAL Conference   

December 2 Installation

Thank you for your membership!