You are currently browsing the tag archive for the ‘National Association of REALTORS® (NAR)’ tag.

DSC03167-2

The Silicon Valley Association of REALTORS®’ (SILVAR) fifth Certified International Property Specialist (CIPS) Institute took place this week with 17 students registered. The students, many of whom are SILVAR members, hail from the San Francisco Bay Area. One traveled all the way from Canada. Many are well-traveled and come from different cultural backgrounds. All were eager to learn more about the international real estate market and how to grow their global business.

The courses were once again taught by 2012 and 2009 National Association of REALTORS® International Instructor of the Year David Wyant, assisted by his wife, Patsy. The Wyants travel around the country and the world teaching the CIPS courses. This is their fifth trip to Cupertino. Each time they come, they remark about Silicon Valley’s growth.

Wyant also noted, “Silicon Valley REALTORS® are among the most intelligent in the nation.”

The CIPS Institute provides training in international business issues, including currency conversion, cultural awareness, legal and tax requirements, ownership and transaction principles of international real estate, and specifics about the real estate markets in Europe, the Americas, and Asia. The week-long CIPS Institute includes two required core courses and three elective courses. Students must pass a multiple-choice exam at the end of each course.

Upon completing the required five courses and fulfilling other necessary requirements, graduates of this year’s CIPS Institute can receive their CIPS designation and have the opportunity to be recognized at the 2016 NAR REALTORS® Conference and Expo, which will be held in Orlando, Fl. on November 4-7.

Thank you to this year’s CIPS Sponsors of the Day, who provided breakfast and lunch each day. They are Amy Ku, VP Mortgage Sales Manager for Northern California with HSBC Bank; Janet Case, CEO of Proxio; Anita Rodal, international liaison with AFEX (Associated Foreign Exchange) and president of SBPI Services, Inc.; Darrell Monda, owner of TourFactory Bay Area; and Larry Tringali, owner of Property Inspection Service.

VIEW PHOTOS

Advertisements
Congratulations SILVAR 2015 CIPS graduates!

Congratulations SILVAR 2015 CIPS graduates!

The Silicon Valley Association of REALTORS® (SILVAR) 4th CIPS (Certified International Property Specialist) Institute ended on Tuesday. This year’s Institute had a total enrollment of 31 students. SILVAR welcomed back instructor David Wyant and his wife and assistant Patsy Wyant.

This year’s students were a very diverse and well-traveled group from all over the Bay Area, Southern California and Arizona. Once the students complete and submit their CIPS applications to the National Association of REALTORS®, they can receive their CIPS designation and get pinned at the NAR Conference and EXPO, which will be held in San Diego November 13-16.

A highlight of the last day was a visit by Joe Schneider, NAR manager of Global Business Development and Outreach. Schneider spoke to the students about the value of the CIPS designation, especially in Silicon Valley, which continues to attract many international buyers.

At the end of the last course, SILVAR’s Global Business Council hosted a CIPS Reception, which was also attended by SILVAR CIPS designees, who shared their global real estate experiences with the students. Jennifer Tasto, NAR Liaison to the Philippines, also reported on the International REALTOR® Conference held in the Philippines and NAR’s project to build a REALTOR® village for Super Typhoon Hainan victims there.

The success of this year’s CIPS Institute would not be possible without our generous CIPS Sponsors of the Day. Each sponsor had very informative presentations.

Darrell Monda, owner of TourFactory Bay Area, took students on a virtual tour of homes, a platform that works as a very good marketing tool, especially for foreign buyers who cannot physically be at a property they are interested in purchasing. TourFactory has certified aerial photographers and is the only company in Northern California that has a waiver from the FAA to use drone photography in its business.

The students enjoyed Kyle Chuang’s presentation, which included tips on how to take a multiple choice exam, a requirement at the end of each class day. Chuang, who is with Farmers Insurance, also tested students on home insurance information helpful for their clients.

Janet Case, CEO of Proxio, introduced the REALTORS® to the international networking platform that links REALTORS® and their listings with other agents around the world, including real estate developments. Proxio translates listings in 19 languages, 55 currencies and metric measurements. Case said studies show 20 percent of U.S. families do not speak English at home. In California, the percentage is higher – 43 percent. Proxio is a free benefit for SILVAR REALTORS® who are members of MLSListings Inc.

Kenneth Chan, premier mortgage consultant with HSBC, focused on how foreign buyers who don’t fall under the 2-2-2 rule (provide a two-year U.S. residency, two-year work history and two-year credit history) can qualify for a mortgage loan, other obstacles foreign buyers face, and success stories.

Anita Rodal, international liaison with AFEX (Associated Foreign Exchange) and president of SBPI Services, Inc., educated the students on foreign currency exchange and SBPI Services’ captive insurance program, which enables Chinese investors to take millions of dollars out of China and invest the money from the policy in real estate.

READ MORE

VIEW PHOTOS

This is a rendering of the REALTOR® Village to be built in the Philippines. NAR provided seed money to help construct containerized housing in the town of Bogo, Cebu in the Philippines.

This is a rendering of the REALTOR® Village to be built in the Philippines. NAR provided seed money to help construct containerized housing in the town of Bogo, Cebu in the Philippines.

The National Association of REALTORS® (NAR) has partnered with the Chamber of Real Estate & Builders’ Association, Inc. (CREBA) to build a REALTOR® Village in the Philippines. CREBA is the exclusive partner of NAR in the Philippines, one among over 82 real estate organizations delegated with stewardship of the NAR name and programming. SILVAR is NAR’s Ambassador Association to the Philippines and maintains a cooperative relationship with CREBA.

The REALTOR® Village is a project of the Philippine American Society of Arts & Culture in cooperation with NAR and CREBA that will provide containerized housing, the first of its kind, to promote socialized housing in the town of Bogo, which is located in the island of Cebu, Philippines. NAR provided seed money for the project.

Super typhoon Haiyan (Yolanda) that struck the country in November 2013 killed over 6,000 people and disrupted the lives of over a quarter of a million Filipinos, leaving them homeless. The proposed containerized housing can withstand wind of up to 100 miles an hour. The units are considered green buildings. The sustainability plan will consist of equipping recipients with aquaponics and dry hog farming. The recipients will also be planting fruit trees. The target is to build a village of 60 units, including a multipurpose center, health center and library.

A ribbon cutting ceremony attended by NAR Past President Steve Brown and NAR Treasurer Michael McGrew was held a day before the July 27-30 NAR International RELATORS® Conference hosted by CREBA in the Philippines. SILVAR member and past Global Business Council chair Jennifer Tasto, who currently serves as NAR’s President’s Liaison to the Philippines, represented NAR and SILVAR at both events.

SEE VIDEO OF REALTOR® VILLAGE RIBBON CUTTING CEREMONY HERE

The Silicon Valley Association of REALTORS® (SILVAR) joins the National Association of REALTORS® (NAR) and California Association of REALTORS® (C.A.R.) in opposing a provision in the highway transportation bill that taxes homebuyers and those looking to refinance by increasing the fees Fannie Mae and Freddie Mac charge on their loans. This bill is now being considered by the U.S. Senate.

Of particular concern to REALTORS® is this tax pays for government needs that are totally unrelated to housing. This extends a 2011 fee increase that NAR opposed. NAR, in coalition with many other groups, urged the Senate not to adopt these fees and treat homeownership as the nation’s piggybank. This tax also will have a disproportionally higher impact on those using FHA loans, first-time home buyers and low and moderate-income buyers.

The National Association of REALTORS® (NAR) has issued a nationwide Call for Action, urging members to contact their Members of Congress in both houses and bring the Homeowner Flood Insurance Affordability Act (H.R. 3370 and S. 1610) to the floor for immediate consideration and a vote in each chamber. This legislation aims to fix some of the unintended consequences from the implementation of the 2012 Biggert-Waters Flood Insurance Reform Act.

REALTORS® and homeowners across the country are reporting significant increases in annual premium rates as a result of National Flood Insurance Program (NFIP) rate changes that took effect on October 1. This is raising concerns among consumers and REALTORS® about decreased property values and a stalled housing market recovery. This drastic increase in flood insurance premiums for coverage under the NFIP is negatively impacting transactions and the nation’s real estate recovery.

REALTORS® need to ensure that this is a priority for Congress and is brought up for vote immediately. Congress has very few working days left of this session, so it is imperative that members answer this Call for Action. Tell Congress we support the “Homeowner Flood Insurance Affordability Act.”

NAR is asking Congress for a four-year time-out to fully correct some of the implementation problems that will threaten real estate transactions where flood insurance is required to obtain a mortgage. Tell Congress to delay changes to the NFIP and that we support the “Homeowners Flood Insurance Affordability Act”.

April 2013 marks the 45th anniversary of the 1968 landmark Fair Housing Act, which strives to to ensure equal housing opportunity for all. Each year REALTORS® join the U.S. Department of Housing and Urban Development (HUD), the California Department of Fair Employment and Housing, and rest of the nation in recognizing April as Fair Housing Month.

REALTORS® play a vital role in ensuring fair housing for all and strive to make homeownership accessible to everyone. The National Association of REALTORS® (NAR) works to help create an environment where everyone can choose where they want to live and not be discriminated against as they seek to achieve the American dream of homeownership.

Carolyn Miller, president of the Silicon Valley Association of REALTORS®, whose members are also members of NAR, says REALTORS® abide by a Code of Ethics that states REALTORS® shall not deny equal professional services and shall not be a party to any plan or agreement to discriminate against any person for reasons of race, color, religion, sex, handicap, familial status, national origin, or sexual orientation.

“REALTORS® want all buyers and sellers to enjoy the benefits of a housing market free from discrimination,” says Miller.

On April 26, SILVAR is promoting Fair Housing Month by offering At Home With Diversity®, a course that teaches REALTORS® and other business professionals how to work effectively within a multicultural market. The full-day course addresses topics like diversity, fair housing and business planning development. For more information about At Home With Diversity®, call SILVAR at (408) 200-0100.

“Knowing how to work effectively with diverse populations can help you build business success in today’s multicultural real estate market,” adds Miller.

Under the law, a home seller or landlord cannot discriminate in the sale, rental and financing of property on the basis of race, color, religion, sex, handicap, familial status, or national origin. They cannot instruct their real estate agent to convey any limitations in a sale or rental.

Buyers or renters have the right to expect housing will be available to them without discrimination, including:
• housing in their price range made available without discrimination.
• equal professional service.
• the opportunity to consider a broad range of housing choices.
• no discriminatory limitations on communities or locations of housing.
• no discrimination in the financing, appraising, or insuring of housing.
• reasonable accommodations in rules, practices and procedures for persons with disabilities.
• non-discriminatory terms and conditions for the sale, rental, financing, or insuring of a dwelling.
• freedom from harassment or intimidation for exercising their fair housing rights.

Buyers or renters who believe they have experienced discrimination may file a complaint with the California Department of Fair Employment and Housing within one year of the alleged discrimination.

HUD recently launched a new mobile application for iPhone and iPad that provides the public information about their housing rights and responsibilities. The app also provides information about the fair housing complaint process, and allows the public to access HUD’s toll-free discrimination hotline and link to HUD’s fair housing website: http://www.hud.gov/fairhousing

The Silicon Valley Association of REALTORS® would like to pass this warning from the National Association of REALTORS® (NAR). NAR is alerting members about a website of suspicious origin, which is misusing the REALTOR® trademark in what seems to be an attempt to get money from real estate practitioners.

The site, Realtor-complaints.com, supposedly publishes consumer complaints about real estate agents. However, an investigation by the New Jersey Association of REALTORS® showed a string of complaints against its members, all using similar phrasing, which leads to suspicion that the complaints are not legitimate. Moreover, when agents who have been the subject of a complaint attempt to make contact, the site offers them the “opportunity” to pay to have the complaint and have their name removed from the site.

NAR legal staff checked the WHOIS record for the site and discovered it is hosted on servers located in the Seychelles. NAR found that the site was recorded as having been initially registered on January 1, 2013, making the site’s claim of having been around since 2002 very suspect.

NAR has received a number of calls from members who have been informed via email that their name is listed at the site. NAR attorneys are investigating and, if necessary, will take steps to have the site shut down.

 

 

October 2017
M T W T F S S
« Sep    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 50 other followers