California Association of Realtors
Update
California Community College Real Estate Educators' Conference
San Diego Hilton, Mission Bay
February 22, 2013
3. Legislative Update
Beginning of the 2013-2014 Legislative Session
Approximately 2,500 bills will have been submitted
by the end of business today.
C.A.R. only looks for bills that are Real Estate Related
4. 2012 Highlights in Review
• AB178- Degree Broker -clarify the law to
require "degree brokers" to have an
undergraduate degree with either a major or a
minor in real estate. Status- Signed into law.
• SB1220 – Transfer Tax- Wanted to impose a
transfer tax in the form of a point of sale
document recording fee. Status-C.A.R.
negotiated the removal of the transfer tax at
point of sale.
5. 2013 Legislative Session
Sponsoring 4 Bills
SB 30 and AB42 - Debt Forgiveness Income Tax
SB176 - Regulatory Notifications
AB429 - Retention of DRE Staff
We will be continue to be watchful- easier to play defense
than offense
6. Looking Ahead
The State is in the black
Super majority in both houses
Decisions will be made in caucus behind closed
doors rather than on the floor.
Bills regarding Split Roll- Inadequate supply of
housing
Transfer taxes
7. What you can do…
VOTE
Respond to RED ALERTS and CALLS FOR ACTION
Sign up to be a Legislative Liaison and
Invest in your livelihood- get involved with
local, State and Federal Associations
