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OCAR Members are eligible to apply for State or NAR Director positions. For questions or to submit your application, please contact Debby Ritter.

 State Application National Application

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As of June 1st, ShowingTime for the MLS is available 24/7 to all OCAR members through CRMLS!  Discover how you can use this showing appointment tool to save time, generate more showings and help you sell your listings more efficiently. 

With ShowingTime you will be able to:

-    Use the 'Schedule a Showing' link to request showings on other agents' listings

-    Add showing instructions and determine the best settings for each of your listings to begin receiving online showing requests

-    Set your notification preferences, including 2-way text messaging

-    Benefit from the speed and accuracy of ShowingVoice, our text-to-voice notification system

-    Download and use the ShowingTime Mobile App to request and confirm appointments while on the go

-    Easily manage and customize your own feedback templates sent to showing agents

-    Create personal profiles for sellers displaying feedback, showings and more

ShowingTime Videos:


ShowingTime Materials:

Benefits and Features
Mobile App Guide
Mobile App: How to Setup Sellers on App

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Watch the latest edition of the OC Broker Update to hear about:

  • New CRMLS Rule Changes
  • HUD's Warning for Landlords
  • OCAR's Inaugural Leadership Academy
  • OCAR Palooza Sponsorship Opportunities

You can also access the OC Broker Update handout which summarizes the topics covered in the video. We have also created the OC REALTOR® Update handout for you to provide to your agents to keep them apprised of timely news, changes and events.

Upcoming OCAR Events and Fundraisers

June 29 - Broker Summit: The Future of MLS in the Age of Zillow

August 5 - OCAR Palooza to benefit OCAR Cares

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Effective April 25, 2016, the CRMLS Rules and Regulations and Citation Policy was updated and published on both OCAR's website and the CRMLS website. Below is a list of the changes:

  • Section 7.12 Withdrawal of Listing Prior to Expiration has been revised to require that a listing must be withdrawn by listing agent if seller instructs withdrawal in writing and that it may be withdrawn by listing agent in instances of a dispute with seller 48 hours after listing agent provides seller with notice of intent to withdraw. The MLS can require listing agent to produce a copy of notice of dispute or written instruction from the seller. There is an ongoing obligation to report solds. 

  • Section 7.18.3 Auction Listings has been revised to disallow right of reservation auctions because by their no minimum bid/ “confidential” reserve amount nature, they don’t fit MLS requirements requiring disclosure of an actual list price. Reference to compensation in the auction rule has also been removed since rules governing the offer of compensation are already set forth elsewhere in the MLS Rules. 

  • Section 8.3 Accuracy of Information; Responsibility for Accuracy has been revised to give the MLS the right to remove a listing that has been flagged for inaccuracy when an agent has refused or failed to correct. 

  • Section 9.9 Physical Presence of Participant or Subscriber has been revised to clarify that a participant or subscriber must be “physically” present when providing access to a property. 

  • Section 10.1 Statuses has been revised to change the title “Back-Up” to the RESO (Real Estate Standards Organization) “master” heading of “Active Under Contract.” [*Note: correlating language changes also made to Section 10.2 Reporting of Sales.] 

  • Section 11.10 Indemnification; Limitation of Liability has been added to provide a broad stand-alone indemnity provision. 

  • Section 12.22 Email Address Required; An Email Address requirement has been added as a new provision.

If you have any questions about these changes, feel free to contact our MLS Department for assistance.

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Upcoming OCAR Events and Fundraisers

May 12 - REALTOR® Summit with Mike Ferry

June 29 - Broker Summit: The Future of MLS in the Age of Zillow

August 5 - OCAR Palooza to benefit OCAR Cares

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Mission Viejo – On Tuesday evening, the Mission Viejo City Council voted to approve a resolution in support of the Housing Futures Initiative developed by the Building Industry Association/Orange County Chapter (BIA/OC) in collaboration with the Orange County Business Council and the Orange County Association of REALTORS®.

The purpose of this initiative is to find ways to make available additional housing across a broad spectrum of price ranges as a means of encouraging both businesses and employees to locate in, and remain in, Orange County.

“Orange County is losing 7 percent of its population between the ages of 25 and 34, while surrounding counties are showing an increase,” BIA/OC CEO Mike Balsamo said. “Cities can help reverse this trend by examining existing zoning codes and revising land-use recommendations to create incentives for housing that is accessible and affordable to a broader range of people.”

Mission Viejo, one of the largest cities in Orange County, is currently studying underutilized spaces for revitalization. “By considering the recommendations listed in the Housing Futures Initiative—many of which are specifically called out in the Housing Element of Mission Viejo’s General Plan—the Mission Viejo City Council has demonstrated its willingness to help address the region’s housing shortage,” declared Balsamo.

“Taking a look at initiatives like this one is extremely important,” said Mission Viejo Mayor Frank Ury. “The current cost to put a shovel in the ground to start building a house is $130,000. Mission Viejo is either part of the solution or we’re a bystander.”

“Making local policy makers more aware of the ways in which a housing shortage affects major employers, economic growth, and the health of local neighborhoods is an important part of the BIA/OC’s mission,” said Balsamo. “We plan to work with other cities and coalition partners to bring more attention to this issue in the future.”

The BIA is a nonprofit trade association of more than 1,100 companies employing over 100,000 people affiliated with the home building industry here in Orange County. Its mission is to champion housing as the foundation of vibrant and sustainable communities.

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Familiarity with these ten factors will enable you to address the questions your clients may ask about the real estate market and where real estate values may be headed.

By David Girling
Girling Real Estate Investment Group

With the Super Bowl in the rearview mirror and baseball season just around the corner, I thought I would take a page from David Letterman’s playbook and do a “Dave’s Top 10 Economic Factors REALTORS® Should Be Following Today.”

Today’s headlines convey different messages about real estate. Some are optimistic while others are pessimistic and still others fall somewhere in between. It is important that, as REALTORS®, we be able to read past the headlines and make sense of the news for our clients. The goal of this article is to give you the tools to address in client meetings some of the economic factors that are affecting real estate today.

David Girling wrote this article as a follow-on to a speech he delivered in mid-February. On Thursday, May 19, Girling will present an Orange County Real Estate Market Overview from 2:00 P.M. to 3:30 P.M. at OCAR’s Laguna Hills office. It's free for members, register now.

10. Interest Rates

Mortgage rates are one of the factors that drive the real estate market, and they result from the general level of interest rates, especially that of the ten-year U.S. Treasury Note. For the past three or four years, mortgage rates have been at historic lows because the Federal Reserve has employed a monetary policy that has kept rates low (see Figure 1). Although the Fed raised the Fed Funds rate in December, weakness in the Chinese economy and falling oil prices caused mortgage rates to drop. This is because the United States is viewed as a safe haven by investors; and as they buy U.S. securities, bond prices are driven up and interest rates fall as a result. (There is an inverse relationship between the price of bonds and interest rates.)

Because of the historically low rates, mortgage payments are attractive for many buyers; and as REALTORS®, we should be able to convey to our clients exactly how compelling they are. For example, with a $500,000 loan, the payment is $1,458 per month for an interest-only, 7/1 loan with an interest rate of 3.5 percent. The same loan amount for a 30-year amortizing loan is $2,287 per month at 3.5 percent. However the more important aspect of low rates is the purchasing power achieved. And, if rates ever do go up, it is important to understand the impact on purchasing power that will result. A rule of thumb is that a 1 percent change in rates equals a 10 percent loss or gain in purchasing power. This sort of information supplied to clients may be all that is needed to turn a renter into a buyer.


Figure 1. For the past three or four years, the Federal Reserve’s monetary policy has kept mortgage interest rates at historic lows.

9. Dow Jones Industrial Average

The low rates created by the Fed’s monetary policy have forced investors to look elsewhere for yield. As a result, both real estate and stocks have benefitted, with the Dow Jones Industrial Average surpassing the 18,000 mark and real estate growing at double-digit rates over the past three years. However, there are some who suggest that both real estate values and equity prices can no longer be supported and may be overinflated (or experiencing a bubble). Relative to home prices in 2007 and today, the Dow has far surpassed the peak 2007 levels while real estate values are, in general, still below peak-level prices but within approximately 10 percent across the different sectors. Since the beginning of the year, the stock market has experienced a drop while real estate values are still rising, although the rate of appreciation has slowed. The relationship between the stock market and real estate prices is one that REALTORS® should monitor.

8. Rent versus Buy

The housing crisis created more renters, and the number of single-family homes in the United States that are rentals went from 9 million to 12 million in 2013. Approximately 15 million of the total 90 million homes in the country are now rentals. REALTORS® should be able to help their clients determine if renting or buying is the best alternative by using one of the rent-versus-buy calculators at our disposal. As an example, take a purchase price of $710,940 (December Orange County median home price) with an interest rate of 3.5 percent, a loan-to-value ratio of 80 percent, and a tax rate of 25 percent, and add to the resulting payment the monthly cost of property taxes. Compare the payment to a rental at $3,500 per month looking at both interest-only and fully amortizing loans and the pre-tax and after-tax payments (see Figure 2). The decision would be to buy in all scenarios. And this analysis looks only at monthly cash flows and does not incorporate the benefit of any appreciation (e.g., $154,000 improvement in value at 4 percent appreciation over five years).

Figure 2. At today’s interest rates, when one compares rent payments with mortgage payments on both fully amortized and interest-only loans for the purchase price of $710,940 (the December median home price in Orange County), purchasing offers a clear advantage over continuing to rent.

7. Home Prices

Some experts believe that, once housing prices return to the peak levels of 2006–2007, we may be close to another bubble. Driven by low interest rates, limited inventory, strong buyer demand, and improved job markets, prices in some areas of California are approaching peak levels. However, for January, the California median home price was 21 percent below peak levels, and the Orange County median home price was 9 percent from peak levels. Newport Beach prices were 17 percent off peak levels according to the Newport Beach Home Price Index (see Figure 3). Although home prices are at eight-year highs, they are generally 10 to 15 percent below peak price levels. Unlike stock prices, home prices have not yet reached 2007 peak levels.

Figure 3. Unlike stock prices, home prices have not yet reached 2007 peak levels. For example, in January, Newport Beach home prices were 17 percent off peak levels according to the Newport Beach Price Index.

Home prices continue to improve; and according to the California Association of REALTORS®, the median home prices for January were as follows:

California  $ 468,330 (up 8.8 percent year over year) 
Orange County $ 704,950 (up 4.5 percent year over year) 
Newport Beach $2,521,279 (up 5.6 percent year over year)

On average, 2016 predictions call for a 1 to 4 percent growth in home prices consistent with the year-over-year growth that has been decelerating. It is important for REALTORS® to be aware of this type of home price information. One way REALTORS® can further differentiate themselves is by developing a more detailed understanding of the neighborhoods they farm.

6. U.S. Homeownership Rate

Across the United States, the homeownership rate currently stands at 63.8 percent, the lowest since 1994. The rate peaked at 69.2 percent in 2004, was steady until mid-2006, and has been dropping since the housing crisis that started in 2006–2007. Some see this development as a negative; however, REALTORS® could view it as an opportunity. Many of the homeowners who became renters during the housing crisis will become homeowners again.

5. Foreign Investment

Most will agree that the recent improvement in the housing market was fueled primarily by low interest rates and foreign investment. However, the strong dollar has caused foreign investment to pause because U.S. real estate is now more expensive. The Chinese, who have overtaken the Canadians as the number one investors in U.S. real estate, are an exception because they view the United States as a safe haven and continue to invest at a steady pace, despite the strong dollar. Foreign investment is important for the continued strength of the real estate market because it supports prices. One development that may have an impact on foreign investment is an announcement by the Treasury Department that it will be tracking secret buyers of luxury properties because of concerns about money laundering in high-end real estate. (Almost 50 percent of the homes selling for more than $5 million were purchased by shell companies.) The initiative will start in Miami and New York but is expected to expand to other states.

4. Housing Affordability

Rising home prices have impacted housing affordability, which has been decreasing since the beginning of 2012. In California, the percentage of home buyers who could afford to purchase a median-priced, existing, single-family home as of the third quarter of 2015 was 29 percent according to the California Association of REALTORS® Housing Affordability Index (HAI). The number was even lower for Orange County at 20 percent. The HAI peaked at 56 percent at the beginning of 2012 and has dropped steadily since home prices started to appreciate. The median price for a home in California has doubled since February 2009, while the median price for a home in Orange County has risen 62 percent in that same period. Wages, which grew at 2 percent in the past twelve months, are not keeping pace with home price growth, so fewer people have been able to afford to buy as prices have climbed.

3. 2007 Peak versus 2016

It seems that everyone wants to compare real estate prices today with the price levels at the peak in 2007. Because I find that it is also helpful to compare the levels for other economic factors today with their peak levels, I created the chart shown in Figure 4. Other than home prices, the factors I found especially interesting were the following:

  • Interest rates. Along with foreign investment, low interest rates fueled the housing recovery. Imagine where the recovery would be if rates were still around 6 percent, as they were in 2007.
  • Housing affordability. In 2007, affordability was even lower than it is today, but the easy credit conditions offset the impact of the low affordability.
  • Oil prices. In 2007, oil prices were double what they are today, and gasoline is cheaper today.
  • National debt. The most ominous of these factors is the level of national debt, which has increased from $9.2 trillion to $19 trillion.

Figure 4. It may be instructive to compare the levels of several measures of economic activity in January 2007 with the levels of these same measures in February 2016. Perhaps most interesting in this comparison are the numbers given for interest rates, housing affordability, oil and gasoline prices, and the national debt.

2. Housing Inventories

Low housing inventories have added support to home values. Further, I do not think that inventory levels will improve significantly for the reasons listed below.

  • Some homeowners still have negative equity and cannot sell.
  • For someone selling one property and buying another or just downsizing, property taxes might be higher.
  • Capital gains taxes could be significant.
  • Some homeowners may be reluctant to give up their low mortgage rates.
  • New construction is not meeting demand, and homebuilders are underperforming with some smaller builders having trouble getting loans.
  • There is a fear of not finding an adequate replacement because of low supply and high rents.
  • Some homeowners are still affected by the 2007 crisis and are unwilling to sell.
  • Many single-family homes that might be listing candidates are now part of the rental pool because so many were purchased by investors during the past few years.

I have been compiling this list since it became clear that inventory levels were becoming a key driver of real estate values and activity. Low supplies and high demand will continue to support home prices.

And the Number One economic factor REALTORS® should be following today is—

1. Is There a Real Estate Bubble?

I hope that my discussion and analysis of the preceding nine factors will help to address the question of whether a real estate bubble is developing or not. Below is a summary of how I might expect some of the previous nine factors to impact real estate values and activity.

  • When interest rates go up significantly, there will be an impact on real estate values.
  • Wages will need to keep pace with values if housing affordability is to be addressed. Easier credit conditions (lower down payments) can also help, but lower prices are the most likely result.
  • As prices approach peak levels, some may suggest we are approaching a bubble.
  • Continued foreign investment will support prices.
  • If housing inventory levels remain low, prices will be supported.
  • As long as buying is still seen as a viable alternative to renting, prices will remain strong.
  • The homeownership rate has declined, but those renters who used to be homeowners may come back into the market as buyers, providing additional support for home prices.

In summary, these are ten factors that REALTORS® need to monitor. Many of these factors will continue to support real estate values and buying activity. Share this knowledge with you clients. They will appreciate you for it.

David Girling completed his undergraduate work at the University of Southern California and earned the degree of Master of Business Administration from the Anderson Graduate School of Management at the University of California, Los Angeles. In 2008, he formed Girling Real Estate Investment Group (Girling REIG) with his father, Bing, and has more than thirty years of experience in the financial services industry.

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

  • CRMLS Rules Change March 1
  • Broker Compliance
  • Three New Member Benefits
  • Upcoming Events: Register by 3/15 for Forecast/Annual Meeting

CRMLS Rules Change March 1

Several updated CRMLS Rules and Regulations went into effect on March 1, most notably one (12.8.1) that allows printed neighborhood market reports to include other people’s listings—with proper attribution.

Want more?

Broker Compliance

Brokers, do you have an agent who didn’t renew for 2016? Or a new licensee who still hasn’t joined OCAR? If so, you may not be compliant with NAR’s variable dues formula. We can help you avoid additional charges and suspension of valuable services (like zipForm®). Simply email our Broker Compliance Specialist: or you can read through our full rundown on Broker Compliance.

New, Free Member Benefit: OC Tech Helpline

Good thing you and your agents never use technology, especially the kind that breaks sometimes. It means you’ll never need to call the OC Tech Helpline at (877) 562-3156—or add it to your contacts. And surely you don’t need to watch this helpful 30-second video. But, we could be wrong…

You Asked for it:  OC REALTORS® Update

You asked for information to share with your agents at team meetings. Please share this monthly OC REALTORS® Update; it highlights key classes, events, and member benefits.

New FV Office Now Open; HB Closes March 11

Our new, full-service office in Fountain Valley is now open to serve you. We’ll see you at the Open House on April 13 from 4-6 PM. Here’s a flyer with map and directions. The HB office closes March 11.

Mark Your 2016 Calendar:  OCAR Events and Fundraisers

March 21 - Market Forecast & Membership Meeting—Register by March 15
April 13 - Fountain Valley Office Open House—R.S.V.P. by April 6
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!


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Today’s consumers want homes and a community that are environmentally sustainable and resource efficient. Come to this great event and learn how you can meet consumer demand with green know-how.

Featured Speakers:

  • John Shipman, Energy Efficiency Management: High Perfomance Homes and the Value of Green
  • Brooke Sarson, H2OME: Smart Water Savings
  • Kevin Chang, Office of Dianne Feinstein: Senator Feinstein's California Desert Conservation and Recreation Act
  • Jonathan Volzke, Public Affairs Manager: OC’s Water Reliability and Implications for Home Construction and Sales
  • Robert Farnsworth, Chair, Saddleback Valley College: Horticulture and Landscape Trends
  • Plus, special guest speakers Caroline Colesworthy, Lee Turrini, and Christine Tessier.


Free for OCAR Members

How to RSVP

Please confirm your attendance via My Account

 Download a Flyer to Share

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

  • FIRPTA withholding rate changes 2/17
  • New Law Changes CE Requirements for License Renewal
  • New Member Benefits:  MLS-Touch, Fountain Valley office
  • Mark your 2016 Calendar:  OCAR Events and Fundraisers
  • Register today for 3/21 Forecast/Annual Meeting

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.  

Want more?

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:

  • Brokers renewing for the first time and 
  • Brokers and Salespersons renewing for a second or subsequent time

Want more?

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.

Want more?

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. 

Want more? 

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!




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To better serve our members, OCAR is moving from Huntington Beach to a brand new, full-service office in Fountain Valley.

The new Fountain Valley office is now open for business and the HB office is now closed.

The new office is located in Fountain Valley Plaza, just off I-405, next to the Hyundai building (see map below). We look forward to seeing you there!

Save the date:  You’re invited to our Grand Opening/Open House on Wednesday, April 13 at 4 PM. 

Add us to your address book:

OCAR Fountain Valley
10540 Talbert Avenue, Ste. 225 West
Fountain Valley, CA 92708
(714) 375-9313 (office phone and fax will remain the same as the HB office)

 Download the map

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Formerly known as relay®, zipTMS™ is now a free member benefit for 2016. On Thursday, February 11, C.A.R. will host a free webinar from 10:00 am to 11:00 to show you how zipTMS™ helps you manage and track all transaction information and activities from listing through closing.

Register now...

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Existing-home sales snapped back solidly in December as more buyers reached the market before the end of the year, and the delayed closings resulting from the rollout of the Know Before You Owe initiative pushed a portion of November's would-be transactions into last month's figure, according to the National Association of Realtors®. Led by the South and West, all four major regions saw large increases in December.

Single-family home sales jumped 16.1 percent to a seasonally adjusted annual rate of 4.82 million in December from 4.15 million in November, and are now 7.1 percent higher than the 4.50 million pace a year ago. The median existing single-family home price was $226,000 in December, up 8.0 percent from December 2014.

Existing condominium and co-op sales increased 4.9 percent to a seasonally adjusted annual rate of 640,000 units in December from 610,000 in November, and are now 12.3 percent above December 2014 (570,000 units). The median existing condo price was $209,900 in December, which is 4.9 percent above a year ago.




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MLS-Touch is now free for OCAR REALTORS®. This reflects an annual savings of $99. 

For years, members have requested this state-of-the-art app which provides rich MLS access on mobile devices. With MLS-Touch, your mobile device can now become your most valuable work tool.

  • Access all active, pending, sold and off-market listings. 
  • Search by map, or use the advanced search tool to find properties that exactly match your clients’ needs.
  • Send multiple listings by email. 
  • Access private remarks, listing agent info, showing instructions, HOAs, live market stats, instant sales comparables and more.

Download the App Today:

When logging in for the first time, select "California" as your state, "CRMLS," as your board, and enter your CRMLS User ID for your "board username" and your CRMLS password for your "board password."

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Beginning with the new year, both OCAR offices will be open from 8 am to 5:30 pm to assist you. We'll also be open Saturdays in January from 9 am to 1 pm. 

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Beginning on Wednesday, January 6, the North Marketing Meeting and Preview (Irvine, Tustin, Tustin Ranch) will be meeting at JT Schmid's in The District at 2415 Park Ave., Tustin, 92782. The meeting start time is unchanged and will begin promptly at 9:30 am. 

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Criminals are hacking into the email accounts of real estate agents or other persons involved in a real estate transaction and using information gained from the hack to dupe a party into a fraudulent wire transfer. The hackers often send an email that appears to be from an individual legitimately involved in the transaction, informing the recipient, often the buyer, that there has been a last minute change to the wiring instructions.  

Following the new instructions, the recipient will wire funds directly to the hacker’s account, which will be cleared out in a matter of minutes. The money is almost always lost forever.

In the next two weeks, real estate professionals will be contending with high transactional volumes during year-end closings. This is a busy and hectic time for real estate professionals, and many millions of dollars will be sent and received via wire before the end of the year. This is exactly the environment in which online criminals seek to operate.

The National Association of REALTORS® urges its members and state and local REALTOR® associations to be on high alert for email and online fraud.

In May 2015, NAR issued an alert regarding a sophisticated email wire fraud hitting the real estate industry.  Since then, the incidents of online scams targeting practitioners have continued to rise but the advice is the same.

Bottom line: Do not let your guard down.  Start from the assumption that any email in your in-box could be a targeted attack from a criminal.


Source: National Association of REALTORS®

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Ladera Ranch and Rancho Mission Viejo will have their own OCAR Marketing Meeting and Preview session on Fridays beginning January 8.  These areas were previously covered by the Canyon Area Marketing Meeting.  Get the full details at our Marketing Meetings & Preview Sheets page.

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President Obama today signed H.R. 22, the Surface Transportation Reauthorization and Reform Act of 2015, which does NOT include an extension of the higher guarantee-fees set to expire in 2021.  The bill funds several highway and transit-related projects, with monies coming from a variety of sources. While the Senate version of the long-term transportation bill included this “mortgage tax” to pay for transportation infrastructure, the final version does not. This is a HUGE win for REALTORS® and their clients.

In November, the House of Representatives approved a long-term-transportation bill with an amendment to exclude the tax. C.A.R. and the National Association of REALTORS® vigorously opposed the “add-on” fee for all new conforming mortgages in order to pay for transportation infrastructure. This "g-fee," which was a disguised tax on home buyers, would have cost average California home buyers more than $8,100 over the life of their mortgage on a new home purchase or refinance.

Nearly 31,000 California REALTORS® called or emailed Congress to oppose this proposal.

Source: C.A.R.

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On March 1, the CRMLS Rules and Regulations and Citation Policy will be updated and published on CRMLS' website (and here at This update will include an addition to the Rules regarding Neighborhood Market Reports. This new rule is listed in Section 12.8.1(below):

12.8.1 Advertising of Listing in Printed Neighborhood Market Report

Subject to the conditions set forth in (a) through (c) below, as well as throughout these Rules, Participants and Subscribers may include the listings of others in their printed “Neighborhood Market Reports.” The “Neighborhood Market Report” is defined as an advertising and/or information sheet (typically appearing in the form of a postcard, flier or newsletter) compiled by and/or for use by a licensee which sets forth a list of home activity in a particular neighborhood area. Advertising appearing in newspapers, magazines or other classified forms is not included in the definition of “Neighborhood Market Report” and is not authorized by this Rule 12.8.1.

(a) Consent

The listing brokers’ consent for such advertising is presumed, in satisfaction of Rule 12.8, unless a listing broker affirmatively notifies the MLS that the listing broker refuses to permit others to advertise his listing in the “Neighborhood Market Report” (i.e. “opts-out”) either on a blanket or listing by listing basis. Listing brokers that refuse to permit other Broker Participants or Subscribers to advertise their listings on a blanket basis may not display the listings of the other brokers’ listings in their own “Neighborhood Market Reports”. Even where listing brokers have given blanket authority for other Broker Participants and Subscribers to advertise their listings in the “Neighborhood Market Report”, such consent may be withdrawn on a listing-by-listing basis where the seller has prohibited it. Participants and Subscribers are not permitted to include listings in their Neighborhood Market Report from which listing broker has opted out and will be responsible for verifying that they have permission to advertise all listings contained in their Neighborhood Market Reports.

(b) Listing Attribution

All listings in the “Neighborhood Market Report” must identify the name of the listing firm(s) and the name of the listing agent(s) in a manner designed to easily identify such listing firm(s) or agent(s). Such identification shall be in a reasonably prominent location and in a readily visible color and typeface not smaller than the median used in the display of listing data.

(c) Allowable Listing Content

Broker Participants and Subscribers may include only those portions of the MLS compilation consisting of the following: property address (and whether attached or detached), status, price, number of bedrooms, number of bathrooms, number of garages (and whether attached or detached), square footage, lot size, year built, tract or development name, and if there’s a pool. Display of other fields, as well as confidential information and photographs, is prohibited.

More details to follow... 


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