About C.A.R.Established 1905Membership: over 158,000 (January 2013)Offices:• Los Angeles (Headquarters)• Sacramento (Lobbying)
Legislative UpdateBeginning of the 2013-2014 Legislative SessionApproximately 2,500 bills will have been submittedby the end of business today.C.A.R. only looks for bills that are Real Estate Related
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.
2013 Legislative SessionSponsoring 4 BillsSB 30 and AB42 - Debt Forgiveness Income TaxSB176 - Regulatory NotificationsAB429 - Retention of DRE StaffWe will be continue to be watchful- easier to play defensethan offense
Looking AheadThe State is in the blackSuper majority in both housesDecisions will be made in caucus behind closeddoors rather than on the floor.Bills regarding Split Roll- Inadequate supply ofhousingTransfer taxes
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