News and Information to Keep You a Step Ahead!

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Nearly a decade since the start of the foreclosure crisis, formerly distressed homeowners with restored credit are re-entering the housing market, but damaged credit profiles and lender overlays will greatly restrict the overall share of those eligible to buy, according to new research from the National Association of Realtors®. California, Florida and Arizona are expected to see the largest share of return buyers within the next decade.

NAR analyzed the nearly 9.3 million homeowners that underwent a foreclosure, received a deed-in-lieu of foreclosure, or short sold between 2006 and 2014 to estimate the amount of creditworthy borrowers expected to re-enter the housing market as a return buyer in upcoming years.

The findings reveal nearly a million of these former owners have likely already purchased a home again, and an additional 1.5 million are likely to become eligible and purchase over the next five years, representing an additional source of buyer demand for the housing market. However, because of low credit quality, millions more will not be able to re-enter in the coming decade.


(Source: National Association of REALTORS®)

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OCAR is excited to announce the debut of OC FastStats reports for the city of Long Beach and MLS areas within Long Beach. 

Watch (and share) our latest OC FastStats Monthly Market Update:

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How do I know what my broker has chosen?

  • Currently, Matrix does not provide any sort of indication to the agent as to what option (if any) their broker has selected. The agent would need to speak directly with their DB or OM to get this information.

What was the reason for this change in Matrix?

  • As of 4/7/15, Zillow and Trulia stopped working with Listhub, leaving brokers without a mechanism to send their listings to these sites. The Matrix Syndication control preserves the ability for our brokers to direct their data to Zillow and Trulia.

Does the Broker need to opt in before the agent can make modifications?

  • Yes, in addition, the DB or OM needs to select “Allow Agent Choice” if they would like their agents to choose whether or not to syndicate to the Zillow Group.

Will existing listings be sent to Zillow or do I need to re-input into Matrix?

  • Once the decision is made to syndicate to the Zillow Group, existing listings will be made available, thus there is no need to re-input listings in Matrix.

Do we need to do this for every listing or just once?

  • Just once as this is an office/agent level control and not a per listing control.

Where/how do I find my office ID?

  • Via roster search. 

Why is this in add/edit under Roster?

  • The control was placed here to centralize it where an agent/broker would normally manage their contact information and photos.

What property types will be syndicated to Zillow/Trulia?

  • All property types.

Is there a cost?

  • There is no cost to syndicate to the Zillow Group via Matrix.

How often does Zillow/Trulia refresh data?

  • No less than every 12 hours, but at their discretion may refresh data every 15 minutes.
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There are five (5) three-year and one (1) one-year Director positions open for the 2016-2018 Orange County Association of REALTORS® Board of Directors.  Voting will begin on Monday, May 11 at 8:00 am and will conclude on Tuesday, May 26 at 5:00 pm. OCAR REALTORS® may vote for up to six candidates but may cast no more than one vote per candidate.

 Meet the Candidates!

Shortly after the election opens, OCAR REALTOR® members will receive their voting email with the subject line: IMPORTANT OCAR VOTING ID – Do Not Delete. This email contains the access link to the secure voting website, your Voting ID, and your personalized Voting Code.

The voting website is different than and is only accessible via your voting email.

As in previous elections, you may opt to cast a paper ballot at either OCAR office in lieu of voting online. Only OCAR REALTORS® are eligible to vote.


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This is a great opportunity to discuss preparedness with your clients and prospects--let your "farm" know how to get ready for an earthquake.

The American Red Cross has a checklist (in both English and Spanish) to get you started.  Download it here.

Other items to consider when preparing your home and family (source: "Putting Down Roots in Earthquake Country"):

  • Identify potential hazards in your home and begin to fix them
  • Create a disaster-preparedness plan
  • Create disaster kits
  • Identify your building's potential weaknesses and begin to fix them
  • Protect yourself during earthquake shaking
  • After the quake, check for injuries and damage
  • When safe, continue to follow your disaster-preparedness plan



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As previously announced, on April 7, 2015, ListHub will no longer distribute listings to Zillow or Trulia. CRMLS has entered into an agreement with the Zillow Group to preserve the ability for our brokers to continue to send their data directly to Zillow and Trulia without interruption. 

CRMLS will only send listing data to Zillow and Trulia if a broker “opts-in” to do so.

Please note, on April 7, 2015 the following options will be available:

  • The Broker can opt-in and GIVE his/her agents the ability to choose to syndicate
  • The Broker can opt-in and NOT GIVE his/her agents the ability to choose to syndicate
  • The Broker takes no action and no listings will be sent

On April 7, 2015 ensure you log in to Matrix and take the following steps to manage your syndication options:


  1. Log in to Matrix
  2. Click on the Add/Edit tab
  3. Under the Roster section, type your Office ID in the Quick Modify field and click Edit
  4. Under the Modify Roster section, click on the Manage Syndication link
  5. Under Syndicate To check the box if you choose to have your office listings syndicate to Zillow/Trulia
  6. Under Agent's Option to Syndicate choose whether you want to give your agents the option to syndicate (this will override your decision in #5 above)
  7. Finalize the process by clicking Submit Roster

CRMLS recommends that all Brokers review their Manage Syndication page on April 7 to ensure that their choice is accurately reflected.


Agents, please note: if your Broker has not yet opted-in OR has chosen to opt-in without giving agents the ability to choose their own syndication, you will NOT have access to the “Manage Syndication” link in Matrix.

If and when your Broker has “opted-in” to syndication, you may take the following steps to manage your syndication options:

  1. Log in to Matrix
  2. Click on the Add/Edit tab
  3. Under the Roster section, type your Public ID in the Quick Modify field and click Edit
  4. Under the Modify Roster section, click on the Manage Syndication link
  5. Choose to “opt-in” by clicking the box next to Zillow/Trulia under the Syndicate To section
  6. Finalize the process by clicking Submit Agent

For clarification of your Broker’s syndication choices, please contact your managing Broker directly.  



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Important Flood Insurance Changes 

According to OCAR Affiliate Ryan Ramirez, flood insurance is changing and changing in a big way. 

REALTORS® are advised when showing or listing new property to order a flood determination report from their preferred lender or insurance agent to find out what flood insurance zone a property lies in so they can ascertain all costs associated with the transaction before entering into escrow.   

Home owners must pay upfront to obtain flood insurance and requisite certificate says Aaron Rosen, another OCAR Affiliate member. In general, Rosen explains that if it’s an FHA-insured mortgage or government loan, the FEMA flood insurance policy is what is needed. Private insurance will not be accepted.

The Biggert-Waters Flood Insurance Reform Act of 2012 was passed by Congress and signed by the president in 2012. The changes of this act were designed to make the National Flood Insurance Program (NFIP) more financially stable. 

As a result of the passing of this act, homeowners and business owners will see a substantial rate increase across, particularly in high risk zones such as flood zone A & B. In addition to the rate increase, homes in flood zone A & B built before 1975 will be required to purchase an elevation certificate before binding coverage. 

There are a number of additional changes and provisions that have been implemented as well:

April 2015 changes to the National Flood Insurance Program (NFIP) are results of the Homeowner Flood Insurance Affordability Act (HFIAA) and the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters).

1. Implementation of the first annual rate change that sets rates using rate increase limitations set by HFIAA, for individual premiums and rate classes: 

  • Limiting premium increases for individual premiums to 18 percent premium 
  • Limiting average increases for rate/risk classes to 15 percent 
  • Mandatory increases for certain subsidized policyholders under Biggert-Waters and HFIAA 

2. Increasing the Reserve Fund assessments required by Biggert-Waters 

  • The Reserve Fund Assessment will increase to 15 percent for all policies except Preferred Risk Policies (PRPs) 
  • The Reserve Fund Assessment for PRPs will be 10 percent 
  • In order to comply with the 15 percent limitation on average annual increases, increases to the Reserve Fund Assessment must be phased in over time 

3. Implementation of the annual surcharges required by HFIAA 

  • $25 for policies on primary residences or $250 for all other policies 

This congress-mandated surcharge, the probation surcharge, and the Federal Policy Fee (FPF) are not considered premiums and, therefore, are not subject to the premium rate increase limitations. 

  • This fee is in addition to the premium 

4. Guidance on substantially damaged and substantially improved structures and additional rating guidance on Pre-Flood Insurance Rate Map (FIRM) structures 

  • Policies for these structures will receive a 25 percent annual premium rate increase until they reach full-risk rating 

5. Implementation of a new procedure for Properties Newly Mapped into the Special Flood Hazard Area and existing Preferred Risk Policy Eligibility Extension (PRP EE) policies 

  • The premiums will be the same as the Preferred Risk Policy for the first year (calculated before fees and assessments) to comply with provisions of HFIAA, after which they will transition to full-risk rates through average premium increases of 15 percent but not exceeding 18 percent per policy 
  • The appropriate HFIAA Surcharge must be added for each policy 

6. Federal Policy Fee (FPF): 

  • Remains $22 for PRPs 
  • Increases to $45 for all other policies except RCBAPs 
  • FPF also applies to those policies previously rated under the PRP EE (now rated under Properties Newly Mapped into the SFHA), as well as policies effective on or after April 1, 2015, covering properties that were newly mapped into the SFHA by a map revision that became effective on or after March 21, 2014 

RCBAP (Residential Condominium Building Association Policies): 

  • 1 unit $45 per policy 
  • 2-4 units $135 per policy 
  • 5-10 units $360 per policy 
  • 11-20 units $720 per policy 
  • 21 or more units $1,800 per policy 

7. New deductible options: 

Increased optional deductible of $10,000 for residential properties (created to help reduce premiums as a result of HFIAA) 

New minimum deductibles for PRP and MPPP policies will be $1,000 for both building and contents if the building coverage is less than or equal to $100,000 and $1,250 if building coverage is over $100,000, regardless of the insured building’s construction date compared to the initial FIRM date. PRP and MPPP contents-only policies will have a $1,000 minimum deductible 


Click here to read a detailed summary of April 1, 2015 changes. For specific questions about coverage, it may be best to contact your insurance agent. 

FEMA has put together a series of short videos to help explain these changes, which may be viewed here.

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The Huntington Beach and Canyon Area Preview Meetings will be dark on Friday, April 3.  Meetings will resume the following Friday on April 10.

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REALTORS® in Orange County who represent sellers and buyers of homes in the communities of Ladera Ranch, Talega, and San Clemente should understand the “community enhancement fee” required to be paid at the time of close of any escrow or purchase.  

Often described as a “lifestyle” fee, these private transfer fee obligations are a recorded covenant running with the land obligation of the sellers. Payment of this fee obligation is according to a recorded covenant and cannot be avoided.

Such recorded community enhancement fees commonly have language such as: “By its acceptance of a deed with respect to any residential Unit (as such term is defined above), the Owner of such Unit is hereby deemed to acknowledge and agree to the requirement that any Owner transferring title to such Unit shall pay to the Association a Community Enhancement Fee in an amount not to exceed one-fourth of one percent (0.25%) of the gross sale price of the Unit. By its acceptance of a deed with respect to any residential Unit (as such term is defined above), the Owner of such Unit is hereby deemed to acknowledge and agree to the requirement that any owner transferring title to such Unit shall pay to the Association such Community Enhancement Fee. Certain exemptions apply.”

So even though FHA and government-backed loans have been made by lenders in these communities for more than 10 years, HUD has recently said that such government-backed loans are no longer authorized where there are required private transfer fees. 

HUD (U.S. Housing and Urban Development) representatives have recently said: “Ladera Ranch is one of many master planned communities where mandatory private transfer or other transfer fees are required upon each conveyance of the property. This includes single-family dwellings, townhouses, PUDs, MH and condos.  Per the regulation at § 203.41, private transfer or other transfer fees are not authorized. This rule was promulgated in 1994 and announced via Mortgagee Letter 04-02 and, according to HUD, the “requirements of the rule are still applicable.”

So despite HUD not enforcing its own regulation after more than 10 years in Ladera Ranch and Talega, such purchase money loans will no longer be insured or purchased by HUD. And unless it backs off on its declining to authorize loans where such private transfer fees are required, FHA mortgage insurance will no longer be available.   

HUD representatives said further: “The rule has been in effect since 1994 with limited or no compliance with the requirements therein. Mortgagees should be aware of FHA requirements, including this rule – required per FHA policy guidelines - and the loan transactions should not be scheduled for escrow.”  Moreover, “Sellers should not keep buyer deposits on FHA transactions where the reason for the loan denial is not based on borrower ineligibility of these fees upon conveyance.” 

FHA will not likely publish any official notice of this change.  There are condominium projects still showing as approved on the HUD website. However, as condominium project approvals expire, FHA could deny their application for re-certification.

If you have questions about this change of government regulation enforcement or if you want to express your own opinion, you may contact HUD:

  • Online FAQ Site:
  • Email: (The FHA Resource Center can accept emails with attachments. To ensure proper attention to the attachment please reference it within the body of the email.)
  • Telephone: (800) CALL-FHA (225-5342) Persons with hearing or speech impairments may access this number via TTY by calling the Federal Information Relay Service at (800) 877-8339.

Emails and phone messages will be responded to during normal hours of operation, 8:00 a.m. to 8:00 p.m. ET, Monday through Friday on all non-Federal holidays. 


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California Regional Multiple Listing Service, Inc. (“CRMLS”) has entered into an agreement with the Zillow Group (which is made up of Zillow and Trulia) for a broker directed feed of data. 

On April 7, 2015, Zillow and Trulia will stop working with ListHub—meaning brokers will be without a mechanism to send their listings to these websites. By entering into this Agreement, CRMLS is preserving the ability for our brokers to direct their data to Zillow and Trulia without interruption. 

Many questions have arisen about the Agreement, but it is critical that you understand the following facts:

1. CRMLS will only send listing data to Zillow and Trulia if a broker “opts-in” and requests that the broker’s listings be sent. No other listings will be provided.

2. Brokers will be able to “opt-in” and “opt-out” of sending their listings to Zillow and Trulia using an easy-to-use feature within the Matrix MLS software beginning on April 7. 

3. Brokers and Agents will receive top attribution when their listings appear on Zillow and Trulia.

4. Listing agents will be designated as the “Listing Agent” when their listings appear on these websites.

5. Broker and Agent website links uploaded to Zillow and Trulia will hyperlink back to the broker’s and agent’s websites directly.

6. Brokers and Agents may, at their option, upload free of charge, business contact information to Zillow and Trulia so that it is readily available to the public.

7. Zillow and Trulia will be able to pull broker “opted-in” data every fifteen minutes, but no less frequently than 1 time per day, keeping listings more up-to-date.

CRMLS’ Board of Directors approved this Agreement so that our brokers’ businesses are not disrupted on April 7, and to ensure that brokers who syndicate through CRMLS will have the best listing data protection available to them. 

Information on how to opt-in or opt-out will be provided through a CRMLS eConnect email in the upcoming weeks. OCAR will re-post that information when it's distributed.



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C.A.R. today issued the following statement on a report titled, “California’s High Housing Costs: Causes and Consequences,” released this week by California’s Legislative Analyst’s Office:

“The Legislative Analyst’s Office report on housing is completely on target.  California’s high cost of housing is putting the squeeze on the state’s residents and making it difficult to attain the American Dream or just keep a roof over their heads,” said C.A.R. President Chris Kutzkey. 

The report found that California’s high housing costs make the state a less attractive place to call home, making it more difficult for companies to hire and retain qualified employees, likely preventing the state’s economy from meeting its full potential.  Housing has long been more expensive than most of the rest of the country – about 2 ½ times the average national home price, while California’s average monthly rent, $1,240, is about 50 percent higher than the average U.S. rent, according to the report.

The California Environmental Quality Act is a significant factor in inhibiting developers from increasing the supply of housing and building higher density housing, according to the report. Local governments must conduct a detailed review of the potential environmental effects of new housing construction prior to approving it.

Read the report...

(Source: California Association of REALTORS®)


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OCAR REALTORS®, you’re invited to this informative and engaging session with C.A.R. Assistant General Counsel, Neil Kalin. 

  • New Laws: Get apprised of recent law changes to records retention, team names, and homeowners’ association disclosure
  • New Cases: Learn what’s happening with electronic signatures, lease negotiation in foreign languages, and salesperson commission sharing agreements
  • Revised Forms: Know what’s been changed to Request for Repairs, Representative Capacity, and Seller Replacement Property

When and Where

Thursday, April 16 from 11:30 am - 1:00 pm

UCI Student Center, A, 311 W Peltason Dr, Irvine, 92697

Pacific Ballroom C


$45 - Open to OCAR REALTORS® only. Your paid registration proceeds will go toward the REALTOR® Action Fund.


Advanced, paid registration is required by April 13 at 5:00 PM.  Ways to register:


Please contact Community Affairs Administrator, Dirissy Doan.

Disclosure Notice

Political contributions are not tax deductible as charitable contributions for federal and state income tax purposes. Contributions to the REALTOR® Action Fund are voluntary, and the amounts above are only guidelines; you may give more, less or nothing at all. Failure to contribute will not affect an individual’s membership status in the California Association of REALTORS® (C.A.R.). Contributions will be allocated among three of C.A.R.’s political action committees (PACs), according to different formulas approved by C.A.R. for personal and corporate contributions.  These PACs are: CREPAC (supports state and local candidates); CREPAC/Federal (supports federal candidates); and CREIEC (makes independent expenditures in support of or opposition to candidates). C.A.R. also sponsors IMPAC which supports local and state ballot measures and other issues that impact real property in California. The allocation formula may change including re-designating a portion to IMPAC.



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While much of the country remains in a winter freeze, Orange County, and in particular its home sales market, is red hot!  Could this be the end of a 7-year home sale downturn marked by underwater values and slumping sales? February sales data and recent improvements in the job market suggest that is indeed the case.

Watch our latest OC FastStats Update

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Despite the economic and financial challenges young adults have braved since the recession, the millennial generation represented the largest share of recent buyers, according to the 2015 National Association of Realtors® Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent home buyers and sellers.

The survey additionally found that an overwhelming majority of buyers search for homes online and then purchase their home through a real estate agent, with millennials using agents the most. 

Read the findings...


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zipForm® Plus is a free California Association of REALTOR® benefit. Each year, in order to continue using the product, you need to renew the software license by accepting the license agreement. During the month of March, you will be notified inside zipForm® to renew. Follow the simple instructions below:

Renewing zipForm® Plus (online)

1. Log in to your zipForm® via

2. Click "Renew Now"

3. Read through the license agreement in its entirety. If you choose to accept the License Agreement, click "Yes"

4. A confirmation screen will appear after agreeing to the License Agreement, click on the "Exit Order" button

5. A log out redirect screen will appear, click"Ok" and it will redirect you to

6. Log in to your zipForm® via

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Do you work with global buyers? Did you know that most international buyers are from Canada, followed closely by China? C.A.R. recently conducted a webinar to discuss the results of their survey of international buyers.

If you missed it, you can watch the recorded webinar here and access the PowerPoint slides here

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Pending home sales rose from December’s extreme lows and posted month-to-month and year-to-year increases in January, according to C.A.R.  California pending home sales increased in January, with the Pending Home Sales Index (PHSI) rising 26.7 percent from 70.9 in December to 89.8 in January, based on signed contracts.  The month-to-month increase was better than the long-run average increase of 16.3 percent observed in the last six years, and is attributed primarily to seasonal factors. 

The share of equity sales – or non-distressed property sales – fell for the third straight month in January.  Equity sales made up 88 percent of all sales in January, down from 89.8 percent recorded in December.  Equity sales have been more than 80 percent of total sales since July 2013 and have risen at or near 90 percent since mid-2014. Equity sales made up 84.3 percent of sales in January 2014.


Additionally, California REALTORS® responding to C.A.R.’s January Market Pulse Survey saw more price reductions and an increase in open house traffic, compared to a year ago.  The Market Pulse Survey is a new monthly online survey of more than 300 California REALTORS® to measure sentiment about their last closed transaction and business activity for the previous month and the last year. 

More from C.A.R.

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Watch the latest installment of our OC FastStats Market Update:


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Do you want to help shape the future of OCAR? Do you feel called to serve?

There are five (5) three-year and one (1) one-year Director positions open for the 2016-2018 Orange County Association of REALTORS® Board of Directors. To be eligible to serve as an OCAR Director, all candidates must: 

  • Be an OCAR REALTOR® member in good standing continuously during the 24 months immediately prior to being seated
  • Have completed a 1-year term of service on any one of OCAR’s committees within the past 2 years and have satisfied the attendance requirements for service on that committee. Service is defined as having attended a minimum of 75% of the regular or special meetings of the committee during the year
  • Be in good standing with the California Bureau of Real Estate (CalBRE) and not have any disciplinary issues, suspensions, or other findings of a violation of the real estate licensing laws or regulations pending

If these requirements have been met, candidates may submit their names, along with their photo (required), to the Nominating Committee by completing and submitting this form by April 9.

An Election Information Meeting will be held at OCAR's Laguna Hills office on Monday, March 30 at 11:00 A.M. 

Voting begins on Monday, May 11 at 8:00 A.M. and concludes on Tuesday, May 26 at 5:00 P.M.

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Monday, March 23 

11:00 A.M. Check-In || 11:30 A.M. Lunch || 12:00 P.M. Program 
UCI Student Center, A311 Student Center – Pacific Room D, Irvine, 92697

Real estate economist Gary Watts will provide his market insights, 2015 OCAR President Rita Tayenaka will comment on the state of the Association, and CRMLS CEO Art Carter will discuss the future of the MLS. 

A delicious lunch and free parking will be provided to attendees with advanced registration. Thank you to our generous parking sponsors, Alex del Toro of The Termite Guy, Amy Tran of ValuEscrow and Uly Kim of PrimeLending.

Seating for this event with lunch and free parking is now full.

If you'd like to be placed on the waitlist to watch the market update (without complementary lunch and parking), you may email Joanne Frank.

If you have already registered, a $45 no-show will apply if you do not cancel your registration prior to the event. Email your cancellation to Joanne Frank.



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