Santa Clara Impact Fees

The City of Santa Clara is considering adding additional fees to new construction of residential housing to pay for affordable housing projects. This will impact the ability of new housing to be built at prices affordable to the average family. The dream of homeownership is already difficult for many families to achieve and these new fees could push this dream completely out of reach.
 
Santa Clara has commissioned a nexus study, which is a specific study that legally allows the city to justify adding hidden taxes to the cost of housing; these taxes are known as impact fees. This study would justify up to $71,800 in added impact fees for the construction per single-family home and $43,400 per apartment unit. This will not make housing more affordable in Santa Clara. Additionally, these fees will hurt property values, as the study shows the fees would decrease land values by 10% to 40% depending on how high the fees are set.
 
What can you do?
  • Email and call the Mayor and City Council with your stories about how adding tens of thousands of dollars of new fees will hurt your clients as they try to afford the American dream of homeownership.
  • Click here to read the nexus study justifying the fee increases on homebuyers and renters.
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New California Laws that will Impact your Business

The real estate business and its relevant laws are always changing. Keeping up with these new laws each year can be tough, so here are three important new laws that may affect your business:
  1. Uniform Advertising Standards
    Beginning Jan. 1, 2018, all first point of contact solicitation materials must include: the name and number of the licensee; and the responsible broker’s “identity,” meaning the name under which the broker is currently licensed by the BRE and conducts business in general or is a substantial division of the real estate firm. The broker’s license number is optional.
  2. Broker Associates Searchable Information
    Beginning Jan. 1, 2018, CalBRE’s public licensee information, as provided on CalBRE’s website, will indicate whether a licensee is an “associate licensee” and, if the associate licensee is a broker, will identify each responsible broker with whom the licensee is contractually associated. This law also requires the responsible broker to immediately notify CalBRE in writing whenever a broker-associate is hired or terminated.
  3.  Disciplinary Action Records Petition
    Beginning Jan. 1, 2018, a licensee may petition CalBRE to remove a past disciplinary action record from his or her online profile after 10 years. CalBRE retains discretion to grant the petition.

For more details on these laws, download this PDF from car.org

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Rick Smith Installed as President of Santa Clara County Association of REALTORS®

 

Rick Smith, broker and owner at Windermere Silicon Valley, has been installed as President of the Santa Clara County Association of REALTORS® (SCCAOR). Smith and the entirety of SCCAOR’s 2017 Board of Directors were sworn in at an evening ceremony at the Dolce Hayes Mansion in San Jose on January 20, 2017.

“I’m excited and honored to represent the Santa Clara County Association of REALTORS® and serve as its president,” said Smith. “I’m grateful for the opportunity to take on this leadership role and help SCCAOR develop and promote programs and services that will enhance members’ ability to conduct business, while promoting real property ownership and the preservation of real property rights.”

Smith, who served as President-Elect of SCCAOR in 2015, is also a Director and Ombudsman for the California Association of REALTORS® (C.A.R.), and has served several years on C.A.R.’s Professional Standards Committee, which has strengthened his commitment to help improving the professionalism of REALTORS® and their adherence to the National Association of REALTORS® Code of Ethics.

SCCAOR’s 2017 Board of Directors were also installed at the event. Kevin Cole will serve as President-Elect, Anne Hansen will serve as Vice President, and Brad Gill will serve as Treasurer in 2017. Other members of the Board of Directors that were installed include: Helen Chong, Craig Gorman, Doug Goss, Gene Hunt, Sandy Jamison, Don Jessup, Trisha Motter, Stephen Theard, Myron Von Raesfeld, and Linda Zimmer.

 

 

SCCAOR also honored several members at the event. Sandy Jamison received the REALTOR® of the Year Award, Sheryl Martinez received the President’s Choice Award, Grace Vaccaro received the Volunteer of the Year Award, and Anna Lopez received the Affiliate of the Year Award. In a surprise announcement, Dave Walsh was awarded SCCAOR’s highest honor, the Byron Brawley Award for Service of Self.

The Santa Clara County REALTORS® Foundation was also present at the event, and gave separate $25,000 checks to two local organizations: Downtown Streets Team and Family Supportive Housing. The Foundation has now given out over $125,000 in grants, scholarships, and donations to organizations that are helping to improve the lives of children and families in our communities.

 

 

Click here to view photos from the event.

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Local REALTORS® Donate Over $16,000 in Toys and Pajamas to Foster Children

KAFPA and SCCAOR Members with some of the donated items from the Toy & Pajama Drive: Denise Marchu (KAFPA Executive Director), Christina Atkinson (KAFPA Program Specialist), Susan Steele (KAFPA Foster/Adoptive Family Advocate), Cassandra Guzman(KAFPA Program assistant), and Hilda Ramirez (SCCAOR Director of PR, Education & Events).

The weather called for heavy wind and rain, but members of the Santa Clara County Association of REALTORS® (SCCAOR) were determined to bring joy to local foster children this Christmas. More than 200 Local REALTORS® came together last Thursday and raised over $16,000 in cash, toy, and pajama donations for local foster teens.

SCCAOR Members weathered the torrential downpours and winter temperatures to bring both their donations and their holiday cheer to their Annual Membership Appreciation Mixer and Gifts for Teens Drive. All donations and money raised during the event went to KAFPA, the Kinship, Adoptive and Foster Parent Association, a nonprofit that provides resources and advocates for the needs of foster and adoptive Families in Santa Clara County. This year’s donation drive placed emphasis on teens, a segment of the population often overlooked during the “Season of Giving.”

Trisha Motter, President of SCCAOR, said that this year’s event was a team effort.

“So many dedicated people and groups came together to make this year’s toy drive a huge success,” said Motter. “We felt that it was important to focus on gifts for teens, as they are often the ‘forgotten group’ when it comes to holiday giving.”

The event was attended by real estate agents from all over Santa Clara County. Each attendee brought some type of donation, some individuals electing to fill bags and even boxes full toys to donate to KAFPA.

Kelly Hunt, a REALTOR® for CSR Real Estate Services, has been actively participating in the event for the last ten years. She spends the month before the event gathering donations from friends and colleagues. This year she collected a total of 405 toys and pajamas, and $1300 in cash and gift cards.

“My volunteer work over the years has been primarily focused on helping children, since they don’t always have the ability to control their environment,” said Hunt. “My clients, friends, and colleagues are what really makes the toy drive a success, and I couldn’t do it without them. I’m just the vehicle making it easier to help and to bring everyone together for the benefit of the kids.”

While organizations like KAFPA receive a majority of their donations around the holidays, it is important to keep them in mind year round.

Hunt added, “KAFPA needs donations all year long for basic necessities, so I’m working with the director to find ways to help more throughout the year. The Holiday Toy Drive is just one of many things our real estate community does to give back to the community throughout the year, and I’m always proud to be a part of helping those in need.”

For more information on KAFPA, visit www.kafpa.org.
Learn more about the Santa Clara County REALTORS® Foundation at www.sccrfoundation.org.

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Local REALTORS® Complete Course to Become Certified International Property Specialists

Twelve REALTORS® recently finished a week long course to become designated as Certified International Property Specialists (CIPS). The designees, many who are members of the Santa Clara County Association of REALTORS® (SCCAOR), were given hands-on experience focusing on the critical aspects of international real estate transactions.

The classes took place at the SCCAOR Offices in San Jose, California, and focused on the knowledge, research, network and tools needed to globalize real estate businesses. The course was taught by Fanny Chu, a CIPS Instructor and REALTOR® based in San Francisco. She has been teaching CIPS classes since 2007.

“I am so proud of the 12 graduates from SCCAOR that completed the course and became CIPS designees,” said Chu. “These realtors will have a clear edge when it comes to navigating the complex challenges that are faced when working in international real estate.”

 

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CIPS Graduates at SCCAOR (Left to Right): Victoria Torres, Cindy Dalla, Michael Bui, Hilda Ramirez, Qi Cammarano, Mimi Quach, Vendy Chan, Gigi Zhang, Brian Flock, Fanny Chu, Wilma Baltar, Vicky Campos

 

Much of the coursework focused on transnational transactions, which included currency and exchange rate issues, cross-cultural relationships, regional market conditions, investment performance, and tax issues.

The CIPS designation is the exclusive global designation for the National Association of REALTORS® (NAR), the country’s largest trade association. NAR represents over 1.1 million members, but only 3500 real estate practitioners hold a CIPS designation.

Catering to foreign investors is becoming an essential skillset for real estate professionals. According to a recent report on NAR’s website, foreign buyers purchased $102.6 billion of residential property in the U.S. from April 2015 to March 2016, and this number is poised to increase. Foreign buyers accounted for the purchase of 214,885 residential properties, a three percent increase from the previous 12-month period.

And they will typically purchase more expensive homes. According to the same report, foreign buyers purchased properties valued at $277,380, compared to the median price of $223,058 of all U.S. existing home sales.

“With business continuing to becoming a global game, this designation is more valuable than ever,” said Chu. These designees are truly the global real estate professional for today’s global clients.”

For more information on the CIPS Designation, visit www.sccaor.com/international
For more information on upcoming courses at SCCAOR, visit www.sccaor.com/#classcalendar

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SCCR Foundation Presents $12,424 to Local School

Thank you to all our Members that participated in the Pumpkin Auction Fundraiser back in October. Today, the Santa Clara County Realtors Foundation presented a check to Katherine R. Smith Elementary School for $12,424 to help support field trips, beautification projects, and the cost of school materials. We are truly fortunate to have a great Foundation that is constantly supporting our community!

 

Learn more about the Santa Clara County REALTORS® Foundation at www.sccrfoundation.org.

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SCCR Foundation Organizes ‘Turkey Drop’ to Help Local Organizations

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The Santa Clara County REALTORS® Foundation (SCCR Foundation), the charitable arm of the Santa Clara County Association of REALTORS® (SCCAOR), spent the day before Thanksgiving in a giving mood. The Foundation visited and made donations to four South Bay organizations that all focus on giving back to those in need.

The first stop of the afternoon was a meeting with Pastor Oakie of the Believers In Christ Homeless Street Ministries, to make a donation of socks, blankets, and a turkey. Pastor Oakie, who works with work the community to provide a hot meal to those in need every Sunday in Downtown San Jose, and said that one of the most needed items for homeless people is warm socks.

The next stop was Martha’s Kitchen in San Jose. The SCCR Foundation donated Thanksgiving turkeys and $250 to help with all the fixings.  Martha’s Kitchen’s mission is “Feeding the hungry with dignity; no questions asked.” The Foundation met with Executive Director Edita Cruz, who gave a tour of the Kitchen’s operation. During the tour, members of the Foundation ran into former SCCAOR President Bob Kulick, who was busy volunteering his time at the kitchen.

The third stop of the day was Home Church in Campbell, where the SCCR Foundation dropped off turkeys and a $250 donation. The Church was busy preparing Thanksgiving boxes for local community members in need. Each family in need was able to receive a turkey and a grocery bag full of food. We met with Jimmy Zien, a Pastor at the Church, who discussed all the amazing things the church is doing to help the local community.

Finally, the SCCR Foundation visited City Team International in San Jose and donated Thanksgiving turkeys and $250 to help with all the fixings. The donation was accepted by Sharon Vaughn, Director of Donor Relations, who shared so many heartwarming stories about the real impact that City Team is having on the local community. City Team has been passionately serving the poor, the homeless, and the lost since 1957.

Learn more about the Santa Clara County REALTORS® Foundation at www.sccrfoundation.org.

For more information about each organization, visit:

http://www.believersinchristministry.com

http://www.marthas-kitchen.org

http://www.thehomechurch.org

https://www.cityteam.org

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SCCAOR Global Investment Council Welcomes National Association of REALTORS® Delegates from the Philippines

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The Global Investment Council for the Santa Clara County Association of REALTORS® (SCCAOR) recently hosted the National Association of REALTORS® (NAR) delegation from the Philippines. The event, held at the SCCAOR Offices in San Jose, featured presentations and Q&A sessions where the delegates answered questions and discussed the current real estate trends in the Philippines. The event was attended by local REALTORS®, members of the public, and local government officials, including Milpitas City Council Member Garry Barbadillo.

“We are so excited to welcome the NAR Delegates from the Philippines to the Santa Clara County Association of REALTORS®,” said SCCAOR CEO Neil Collins during a presentation at the event. “SCCAOR is dedicated to working with the international community to better understand trends in the global real estate landscape, and we are proud to be a local resource for our multicultural members.”

One the delegates in attendance was Evangeline Yia, the VP for International Affairs at the Chamber of Real Estate & Builders’ Associations (CREBA) in the Philippines. As a liaison between the Philippines and NAR, she discussed her positive outlook on the relationship between NAR and REALTORS® in the Philippines.

“NAR will really help REALTORS® in the Philippines level up their professionalism and code of ethics,” Yia said. “With NAR’s help, we are lifting the bar of excellence.”

The attendees at the event enjoyed traditional cuisine from the Philippines, and many guests wore traditional Filipino clothing.

Jennifer Tasto, a California based REALTOR® and currently the NAR President’s Liaison to Philippines, informed the crowd that the National Association of REALTORS® has over 4,000 International members, and almost 700 of those REALTORS® are from the Philippines.

“A lot of this success has come from the support and hard work of Evangeline Yia, CREBA leadership, and the International Real Estate Members of the Philippines,” she said.

CREBA is a non-profit that was established in the Philippines in 1973. It is the recognized umbrella organization of some 4,000 firms, individuals and associations directly or indirectly involved in land and housing, construction, allied industries and various professional fields of discipline.

Sharmin Albacete, CREBA’s Executive Director, said that his organization was chosen in 2011 as the exclusive cooperating association of NAR in the Philippines.

“As the sole partner of NAR in the Philippines, we are committed to help promote the highest degree of ethics in the real estate profession,” said Albacete. “Our partnership with NAR has allowed us to gain insights on how other countries are able to address their own housing issues and explore new ideas.”

Click here for more photos

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SCCR Foundation to participate in #GivingTuesday

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Giving Tuesday is a global day of giving fueled by the power of social media and collaboration. It takes place each year on the Tuesday after Thanksgiving. This year, The Santa Clara County REALTORS® Foundation will be participating in Giving Tuesday, and we want YOU to get involved.

Here is what you can do to participate:

  1. Share any SCCAOR #GivingTuesday posts on social media

SCCAOR and SCCR Foundation will be sharing posts on their social media that highlight the recent ways that the Foundation has given back to the community. If you see a post, share it to your followers!

We will be posting on the following networks:

Facebook: SCCAOR / SCCR Foundation

Twitter: @SCCAOR

Instagram: @SCCAOR

LinkedIn: @SCCAOR

  1. Create your own social media campaign to promote #GivingTuesday to your clients

– Make social media posts to share how you are giving back or why you gave

– If you can’t give back on that Tuesday, you can pledge how you will volunteer, or how you will give back to your community

– Encourage your clients to get involved – We can expand our reach if everyone shares within their social circles.

– Use the hashtag  #GivingTuesday and tag SCCAOR in the post. We will share and retweet our favorites!

Here is some sample language you can use in your post or photo:

“I’m supporting   __________   because  ______________________ .  #Giving Tuesday”

“I’m giving to   ______________  on #GivingTuesday.”

  1. Donate to the SCCR Foundation to help fund community grants

The Santa Clara County REALTORS® Foundation has contributed many thousands of dollars to a wide variety of local charitable organizations. The Santa Clara County REALTORS® Foundation is a non-profit organization consisting of over 5,000 REALTOR® and Affiliate members.

Your donations will directly help grant recipients  that are working hard at making Santa Clara County a better place to live.

Click here to donate to the SCCR Foundation (scroll down the page and find the DONATE button)

Previous Grant Recipients include:

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Learn more about the Santa Clara County REALTORS® Foundation at www.sccrfoundation.org.

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Santa Clara County Association of REALTORS® Global Investment Council Awarded GOLD Global Achievement Program Award

2016-nar-global-goldThe National Association of REALTORS® (NAR) awarded the GOLD Global Achievement Program Award to the Global Investment Council of the Santa Clara County Association of REALTORS® (SCCAOR) at its national meetings in Orlando, Florida. The award, which was won by SCCAOR’s Global Investment Council during its first year of existence, is designed to recognize and reward the most active associations in global business.

Brad Gill, the committee chair of the Council, said that it was a great privilege to serve as chair for the global investment council during its inaugural year.

“To receive such recognition from NAR this early for our council reassures me that we have created something great for our general membership,” said Gill.  “All the member volunteers on our committee as well as our staff liaisons have worked diligently this year to ensure that we will have a strong global presence here at SCCAOR now and well into the future.”

The Global Investment Council at SCCAOR coordinates with other internal committees and external organizations to make sure that its association is the recognized local resource for global real estate and multicultural clients.

NAR presents the GOLD Award to Councils that demonstrate “exceptional commitment to building members’ awareness of the global and multicultural business opportunities in their local markets.” Councils were evaluated in five focus areas: Business Plan, Marketing/Communication, Events/Education, Outreach and Benchmarking.

“SCCAOR is pleased to bring its members the resources, connections and training they need to be successful in the Global Real Estate Market,” said Hilda Ramirez, Director of PR, Education, and Events at SCCAOR. “The evolution of the internet has made investing in global real estate one of the fastest growing sectors in the profession.  It is an honor to be recognized as a NAR Gold Global Council in our first year of operation.”

 

For more information, visit www.sccaor.com/international