Join us on May 3rd for Legislative Day! This is your chance to travel to our State Capital with your fellow SCCAOR Members. We will be briefed on top issues currently facing the real estate industry and meet with our state legislators. The $20 registration includes a special luncheon with a guest speaker on state politics — and 100% of your registration fee will go towards the REALTOR® Action Fund.


On April 3rd, MLSListings launced another data share agreement that connects your business to the East Bay through the MLSListings platform as your single point of entry. You now have access to data from all the East Bay MLSs, including Bay East Association of REALTORS®, Contra Costa County Association of REALTORS, and East Bay Regional MLS (Oakland/Berkeley) — all without having to connect to separate MLS platforms.

“I am so excited to bring ‘full’ data share to our members. Business today has no borders, nor should the data,” said Neil Collins, CEO of SCCAOR. “Credit really needs to go to the MLS Listings Leadership Team that has been working on this tirelessly for the past several years.”

This agreement brings your listings to more than 30,000 additional real estate professionals in northern California. And with the added 80,000 brokers and agents in our current data share with CRMLS of Southern California, more than 125,000 California real estate professionals can view your listings just as you will have access to their property listings for your clients.

You can now enjoy barrier-free listing information that mirrors the information consumers have without having to log into multiple MLSs. The combined listing data will be in the MLSListings Matrix system and mobile products. This will allow your tools to work better when your business has you on the border of the various MLS market areas.

Please visit the Pro portal for more information about this data share and to see a user guide on how to find and list East Bay properties. MLSListings will continue bringing you listings access and exposure throughout the state of California in their mission to build additional data share agreements.

For additional information, read this article on the Data Share Agreement by Quincy Virgilio, Chairman, MLSListings Board of Directors.

By Nick and Barbara Lymberis

Once you are in contract with your buyers, just prior to preparing the deed in your buyers’ names in preparation for Close of Escrow (COE), the escrow officer will want to know how they wish to hold title.

It is important that, before letting the escrow officer know, your buyers contact a lawyer or other legal source to determine how best to hold title given their particular circumstances. The decision could have major ramifications, so it is usually a tax advisor that can best help, together with a legal opinion.

These are the following ways to hold title (Note: the legal ramifications of each way will not be addressed):

  1. Tenancy in Common
  2. Joint Tenancy
  3. Community Property
  4. Community Property with Right of Survivorship

As soon as your buyers are in contract, and substantially before COE occurs, we recommend your buyers contact a knowledgeable person to review financial status and personal wishes regarding holding title.

A common question is: “But Mr./Ms. REALTOR®, can’t we pick one and decide later how best to do it?”

Answer: Yes, of course. But we know from experience that making an appointment with the proper person is usually postponed and many times forgotten. With Nick’s background as an attorney and Barbara being a paralegal, we know that when decisions are postponed, life intervenes and it can trigger unintended results. At some later date, what the intentions were are irrelevant, or at least substantially altered by life, in almost all cases. (It’s complicated.)

So, we reiterate that it is best to handle it “on the spot” while everything is fresh in the buyers’ minds and their motivation is current with the purchase of their new home.

If circumstances change after COE,  when the choice has been made and the deed recorded, then a review can take place with an advisor and, if necessary, changes can be made. In fact, Trusts and Wills attorneys suggest reviewing your trust and will at least every 5 years. And with the laws changing from time to time and courts making interpretations of what the law is supposed to say, what was intended 5 years ago may not apply in today’s world.


Barabara and Nick are REALTORS® for Coldwell Banker. Visit their website at

Copyright © 2017 by Nick and Barbara Lymberis

Note: This article is not intended or offered as legal advice. It has been prepared for educational and informational purposes only.

It’s that time of year again – Tax Season! Whether you are just starting out as A REALTOR® or you’re a seasoned professional, it is always a good idea to brush up on the latest news and tips when it comes to preparing and filing your taxes. We have compiled some of our favorite resources below:

1)  9 Tax Deductions Every Real Estate Agent Should Know

If you are looking to maximize your deductions this year, then this blog post from REALTOR®Mag is for you. It covers nine of the top deductions that can help you keep more of those hard earned dollars. Vehicle Mileage, Office Supplies, and even software are included in this must-read article.


2)  Real Estate Tax Tips from the IRS

The IRS has compiled several great tips specifically for people in the real estate industry. Whether you are an employee or self-employed, you will find some great advice on this website.


 3)  5 Real Estate Tax Secrets the Rich Don’t Want You to Know

If you have any investment properties, then this blog post from is for you. The highly wealthy are maximizing their tax savings every year, so why shouldn’t you? here are a lot of great tips here, including taking advantage of ‘safe harbors’,  depreciating your rental property, and taking advantage of the 1030 exchange.


4)  7 Tips to Help Late-Filing REALTORS® Avoid an IRS Audit

Let’s face facts: REALTORS® are busy. Like many Americans, we often wait until the last week to prepare and file our taxes. If you fall into this category, make sure you read this article from RISMedia on how to avoid an audit from the IRS.


5)  NAR Discount on QuickBooks® Self-Employed + TurboTax®

Finally, if you are preparing your own taxes this year, the National Association of REALTORS® is offering several discounts on QuickBooks® Self-Employed + TurboTax®. Find out more details here.


by Guy Berry

When a buyer is looking at a single-family home, they usually focus on location, how it shows, property condition and price.  If a house meets these four criteria, they will make an offer. However, my experience is that when a buyer is looking for a condo or other HOA properties, they fail to understand that there is so much more to consider. Too often the buyer (and their buyer’s agent) are overwhelmed with the 300-page HOA documents. Don’t forget, these documents are a contingency of the contract. The following 6 things need to be reviewed very carefully:


1. Financing

The rate and type of financing available for that specific complex will be based on many things, including percentage of owner occupied, percentage of past due HOA, FHA approval, multi-story condos, litigation, and other factors. Make sure you get your buyer to a lender that understands HOA financing.


2. CCR’s

The important issues to investigate are the restrictions for that specific complex. The HOA might require you to park only in your garage, decide what animals you can or can’t have, the colors of your house, what you can and cannot have on your balcony, whether you are allowed to repair your car on site, cable antenna restriction, etc. This list may seem endless but even if your buyer loves the property, the restrictions might affect the buyer’s enjoyment living there.


3. Finances

The Buyer will be provided with a large stack of financial documents.  The first thing to focus on is how well the complex is managed. Take a look at the budget. Are they raising enough money in income to cover the HOA day to day expenses?


4. Reserve Study

Since the HOA will be responsible for repairing and replacing all the major components on the property (e.g.  pool, clubhouse, parking lots, lights, roofs, etc.), make sure to check if the HOA has done a recent reserve study.  Did your buyer get a copy? HOA law requires the HOA to frequently hire a 3rd party to do an onsite inventory to determine four things:

– The total life of that item (“tile roof – 40 years”)
– The remaining life of that item at time of survey (“25 years”)
– The estimated cost to replace roof (in 15 years)
– Divide that estimate replacement cost by number of years and number of units to determine how much the HOA has to collect this year from each owner for that item. This will insure they have the funds pre-collected when the roof expense comes due in 15 years.


5. Reserve Funds

The reserve study tells us how much the HOA should have collected in the past. HOA law states that the HOA must disclose:
– How much reserve money the reserve study should have collected to date. That would be 100% fully funded.
– How much money they have actually collected.
– The percentage between what they should have in reserve vs. what they actually have.

It is not uncommon for an HOA to be behind on collecting reserves because no one wants their dues raised.  So, should your buyer buy into a complex that is only 25% funded?  More money will be needed in the future, whether the HOA has collected enough or not.  The result may be a major dues increase or a special assessment of all homeowners.


6. Financial Statement Knowledge

Remember it is the seller, not the HOA, that is responsible for itemizing and delivering the correct documents to the Buyer. Is this HOA ran well?  Are they large enough to hire a property manager? (Or is the Board Treasurer, who is actually an engineer at Google, preparing these complex set of documents?) And the big question: Is your Buyer sophisticated enough to read and understand these documents? There are companies that the Buyer can hire to analyze and review these documents for them. It seems to me that when you are discussing the inspection options with your buyer, you should advise them to get qualified help in understanding what they are buying into.


Many REALTORS® have asked about the new law requiring that Water-Conserving Plumbing Fixtures be installed in homes by 2017.

First, some background on this issue:

In 2009 SB 407 was introduced which would have required that residential and commercial properties be retrofitted at point-of-sale with low-flow toilets, showerheads, and faucets. At the time, C.A.R. argued that the point-of-sale approach would burden escrows and have a negative impact on the already weak housing market. As a result, SB 407 was amended to remove the point-of-sale provision and instead require all properties to be retrofitted by 2017. In other words, instead of point-of-sale, a “date-certain” approach would be implemented.

In 2011, C.A.R. sponsored SB 837 to add language to the Transfer Disclosure Statement (TDS) notifying the purchaser of a property of the impending requirements of SB 407. The inclusion of this information in the TDS will ensure that sellers and buyers are aware of these water efficiency retrofit requirements and provide disclosure liability protection to REALTORS®. This measure went into effect on January 1, 2012.

Do you have more questions? If so, read the C.A.R. Legal Q and A, which will answer many common questions, including:

  • Does the water conservation law create any point of sale requirements?
  • What is the significance of it NOT creating a point of sale requirement?
  • Are there any forms that allow the seller to meet their disclosure obligations?
  • Should this box on the TDS be checked if the seller is uncertain about whether there are WCP fixtures installed?
  • How should a seller answer the question on the SPQ, “Are you aware of any noncompliant plumbing fixtures?” if they are uncertain?
The full FAQ can also be found on the C.A.R. website.

For the past several months, the City of San Jose has been developing two ordinances that impact the rental housing industry: An Ellis Act Ordinance and a Tenant Protection Ordinance. Both of these would have a drastic impact on how you manage your property. The public comment period for the Tenant Protection Ordinance and the Ellis Act will close this Friday, March 3rd at 5:00 p.m.

Below is a sample letter that addresses the major issues with the two ordinances. You can take this letter and send it on your behalf to the Housing Department to let the City of San Jose know that there are serious problems with these ordinances. It is important that the City hears from you and that they receive a volume of letters opposing these measures and favoring laws that do not place onerous restrictions on property owners. 
You must email the San Jose Housing Department by Friday, March 3rd at 5:00 p.m.

Sending Instructions:
1.  Copy the text of the letter below and paste it into an email
2.  Edit the “Your Name” section at the end so the letter is written on your behalf
3.  Send the letter to the following recipient:


Dear San Jose Housing Department,
I am writing to you as a rental housing provider in the City of San Jose. I am concerned that the Tenant Protection Ordinance (TPO) is overly complicated and convoluted. As someone who owns rental property, I want to urge the Housing Department to adopt changes to the TPO that would simplify it. This would eliminate the need for each property owner to require a legal interpretation for each application of the ordinance. The ordinance, as written, will have a number of unintended consequences.

 As a property owner, I have a limited awareness of the conditions inside my units unless there is an inspection or the tenant reports a code violation. Therefore, it is difficult to determine if the reports of code violations are being rationed out to extend the term of the good cause protection. The ordinance is written to allow for repeated instances of good cause protections up to 6 months at a time if used strategically. Instead, we ask that a tenant only be permitted one instance of a 6-month good cause protection per lease term.
Under TPO, owners must show that code violations have been corrected prior to beginning an eviction for just cause, such as non-payment of rent. If the tenant commits an illegal act but the code violation has not yet been corrected, then the property owner is powerless from preventing further criminal activity until the code violation is corrected. Instead, we ask that any illegal activity is exempt from the TPO. As property owners, we must provide our tenants a safe place to live. This ordinance, as written, prevents that.
Under the Ellis Act, a property owner is required to provide one year of just cause protection to the tenant prior to filing a notice of intent to withdraw. This provision requires us to know a full year in advance of our intent to utilize the Ellis Act, which is an unreasonable expectation. This ordinance would also hurt the resale ability of our buildings as this one year requirement would impact the subsequent owner. Instead we ask that you strike the requirement that good cause protection be provided to tenants for one year prior a notice to intent to withdraw the property is served.
[Your name]


You can read the full draft recommendations from the San Jose Housing Department by using the links below:

Draft Recommendations for the City of San Jose Ellis Act

Draft Recommendations for the City of San Jose Tenant Protection Ordinance

Looking to tap into the growing international real estate market, members of the Santa Clara County Association of REALTORS® (SCCAOR) will join the Vietnamese National Association of Real Estate Professionals (VNARP) on a ten-day trade mission to Vietnam starting on March 1st. Delegates representing both groups are aiming to foster mutual investment opportunities between real estate stakeholders in both Vietnam and the United States.

“Vietnam is forecasted to be one of the top growing economies in the next few decades,” said Evan Huynh, President of VNARP. “This trade mission will give our delegates the opportunity to exchange trade experience and learn about the best practices for investment opportunities in both countries.”

Delegates from the groups will attend real estate conferences and meet with Vietnamese companies and government agencies in Ho Chi Minh City, Ha Noi, and Danang ─ three cities currently experiencing a boom in real estate development. Several delegates from the United States will be giving special presentations at these events, including: Lieu Nguyen, the President’s Liaison to Vietnam for the National Association of REALTORS®, Ron Gonzales, the former Mayor of San Jose and President of Presencia, LLC, and Hilda Ramirez, the Director of Public Relations, Events, and Education for SCCAOR.

Guest presenters for the SCCAOR/VNARP Vietnam Trade Mission (clockwise from top left): Ron Gonzales, Hilda Ramirez, Tom Truong, David Tran, Ryan Hubris, and Evan Huynh.

Hilda Ramirez, who led SCCAOR Members on a similar trip to China in 2015, said that REALTORS® are starting to embrace the global market when it comes to real estate investment. “The theme for this Inaugural Trade Mission is to ‘Connect Cultures to Create Commerce’,” she said. “Silicon Valley is home base for technology and innovation, considered one of the most thriving economies in the world, and the economic impact happening in many Vietnamese cities is truly dynamic. We are honored to have the opportunity to join VNARP in this unique opportunity. It is essential for today’s business professional to be well versed on emerging markets.”
Silicon Valley, Ho Chi Minh City, and Ha Noi all rank in the top 10 of the World’s “Most Dynamic Cities of 2017” according to the JLL City Momentum Index. This index was calculated by examining over 40 variables such as innovation capacity, technological prowess, commercial real estate momentum, and a host of other socio-economic factors.

For updates on the trip, visit the Santa Clara County Association of REALTORS® on Facebook at

In the wake of the worst flooding to hit San Jose in decades, Santa Clara County REALTORS® Foundation has donated $10,000 to the San Jose Flood Victims Relief Fund. Over 14,000 people were impacted by the overflowing Coyote Creek due to spillover from the Anderson Reservoir.

“The Santa Clara County REALTORS® Foundation strives to help families and revitalize our local communities, and this includes assisting in disaster relief,” said Bonnie Wilson, the Chairperson for the Foundation. “We are inspired by the response from our REALTOR® Community, and we hope to continue our work in uniting local real estate professionals in giving back and enriching the lives of those affected by this unfortunate event.”

The Relief Fund, set up by San Jose Mayor Sam Liccardo and Silicon Valley Community Foundation, is supporting nonprofit organizations that are providing immediate and long-term relief and recovery assistance to flood victims in San Jose. The public can help by contributing online at

“It is heartbreaking to see so many families displaced from their homes but I am heartened by the outpouring of community support,” said Neil Collins, CEO of the Santa Clara County Association of REALTORS®. “I am proud and grateful that our Members responded to the needs of the community that we serve. Those impacted by the flooding remain in all of our prayers.”

The SCCR Foundation is the charitable arm of the Santa Clara County Association of REALTORS®, which is made up of over 6,000 Realtors and Affiliates in and around the Bay Area. The SCCR Foundation aims to bring organized real estate together by investing in our neighborhoods with compassion, foresight, and action.

Learn more about the Santa Clara County REALTORS® Foundation at

San Jose is experiencing unprecedented flooding along Coyote Creek. Over 14,000 residents have been evacuated and numerous residences and buildings have been damaged. This guide has information about how to safely evacuate, donate to relief efforts, and volunteer your time to helping those affected by the floods.

Click here for the latest emergency information.

Click here to learn about how you can keep your family safe during a flood and how to clean up a flooded home.

Click here to donate to the San Jose Flood Victims Relief Fund, which will support nonprofit organizations providing immediate and long-term relief and recovery assistance to flood victims in San Jose.

Click here to donate to the Red Cross (on the donation website, make sure to select “California Floods” – see image below)

Click here to learn about how you can volunteer with the Red Cross to assist those affected by the floods.

Click here for information of free sandbags available from the Santa Clara Valley Water District.

Click here to follow California Highway Patrol’s Twitter Account for freeway closure information.