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The Silicon Valley Association of REALTORS® (SILVAR) is offering its 6th Certified International Property Specialist (CIPS) Institute on September 11-15. National Association of REALTORS® (NAR) 2012 and 2009 International Instructor of the Year David Wyant will be returning to Cupertino to teach the CIPS courses.

Learn how to expand your global real estate business and earn the NAR CIPS designation. 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. See flyer with the class schedule below.

Cost for the entire CIPS Institute, which includes five courses, is $450 for the paperless option and $500 for the paper version, which includes a manual for each of the five courses. Regular price is $600. The CIPS Institute is open to both members and nonmembers. Members may enroll online at ims.silvar.org. Non-members may register by calling SILVAR at (408) 200-0100. Breakfast and lunch are provided and included in the cost.

If you are a CIPS designee, you can audit a course for $20 for paperless and $30 for the paper option. Cost also includes breakfast and lunch. There are always new developments taking place in real estate markets around the world. Every two to three years CIPS courses are revised with updated statistics and relevant information. The most recent courses updated are the Americas and International Real Estate (2017), Global Real Estate: Local Markets (May 2016) and Global Real Estate: Transactions Tools (May 2016).

Sponsorship opportunities are available again this year. If you would like to be a “CIPS Institute Sponsor of the Day” or for more information on the CIPS Institute, please contact SILVAR Public Affairs and Communications Director Rose Meily at (408) 200-0109 or email rmeily@silvar.org.

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The Silicon Valley Association of REALTORS® Global Business Council (SILVAR GBC) has been awarded the National Association of REALTORS® (NAR) PLATINUM Global Achievement Program Award for 2016. This is the fourth year in a row that SILVAR has been honored with this recognition.

The platinum award is presented by NAR to an association for having demonstrated through its Global Business Council exceptional commitment to building members’ awareness of the global and multicultural business opportunities in their local markets. SILVAR’s global business council is one of a select few Platinum Councils in the country.

NAR commended the hard work of the SILVAR GBC this past year and the dedication SILVAR has contributed to raising members’ awareness of global business in our local market, noting, “Your council has shown the highest level of service to its global members by consistently providing them with the tools they need to handle international real estate. The services and resources your council works hard to provide are the benchmarks upon which the standards have been set. It has been a pleasure watching your council perform so highly in 2016 and I can’t wait to see what 2017 has in store for you and your members!”

SILVAR GBC is chaired by Mark Wong, a REALTOR® with Alain Pinel REALTORS® Saratoga. This year the GBC presented programs on feng-sui, China, the EB-5 visa and an International REALTOR® Panel with REALTORS® from Japan, Iran, the United Kingdom and France. These programs were well-attended and oversubscribed.

In June, SILVAR conducted its fifth Certified International Property Specialist (CIPS) Institute with 2012 and 2009 NAR International Instructor David Wyant. The CIPS Institute had 17 students from the San Francisco Bay Area and Canada. Most of the students were SILVAR members. Nine students from the Institute earned their CIPS designation. At present, 52 SILVAR members are CIPS designees.

Additionally, as NAR’s Ambassador Association to the Philippines, SILVAR supports and maintains ties with the Chamber of Real Estate and Builders Associations, Inc. (CREBA), SILVAR’s cooperating association in the Philippines. SILVAR member and past GBC chair Jennifer Tasto is the NAR President’s Liaison to the country.

SILVAR will be presented the platinum award at the November 4-7 NAR REALTORS®’ Conference & EXPO in Orlando.

No matter where you are or who you are with, always trust your senses because your subconscious is almost always right. This was the first important safety tip that Santa Clara County Deputy Sheriff Chad Garton shared with SILVAR members at Wednesday’s Los Gatos/Saratoga District tour meeting.

Garton, who is a U.S. veteran who served in Iraq, said trusting your instinct is also what soldiers do in combat. If you feel uneasy about a person you are with or a situation you are in, trust your gut feeling and leave that person or remove yourself from the situation.

“Your subconscious is constantly taking in information; do not ignore that,” said Garton.

Garton said REALTORS® are especially at risk because they meet strangers all the time. He shared what he termed a 5-point Contingency Plan, which those in the military also use: Let people know:
1. WHERE you are going.

2. WHO you will be meeting.

3. WHEN you will be back.

4. What to do if you don’t return.

5. The ACTION to take if they cannot contact you.

Here are other safety tips Garton shared with members:

• It may be part of your job to show your professionalism and success in the way you   dress, but be aware that people are watching you and looking for ways to steal valuables.

  • Don’t leave valuables in plain sight in your car. It only takes 17 seconds for someone to break into a car.
  • Always meet a new person in a public place and get their ID.
  • Show strength in whatever you do. When you’re walking, look around; don’t look down. Always make eye contact. Speak in a loud voice because this gives the appearance of strength.
  • Do not carry a firearm. If you have to carry a weapon, make sure you are fully trained to use it. Pepper spray and Mace are good, but you still need to train yourself to use these self-defense devices.
  • An alarm system can act as a deterrent and video cameras inside and outside the home are even better deterrents because they can identify the robbers.
  • Lock all doors and windows even if you are home. If the weather is warm, spend the extra money and turn on the air conditioner, instead of leaving windows open.
  • Refrain from announcing open houses and where you will be on social media.
  • Do not to hesitate to call 9-1-1 if they see something suspicious, or feel you are in danger.

 

 

 

 

REALTORS® are concerned about the recent announcement by the U.S. Department of Housing and Urban Development (HUD) that the Federal Housing Administration (FHA) will begin insuring mortgages on certain properties with Property Assessed Clean Energy (PACE) loans. REALTOR® officials say there ought to be more disclosures regarding the risks associated with PACE loans.

A PACE loan allows a homeowner to borrow money to finance energy upgrades. The loan is repaid as a surcharge on the property tax. The PACE loan takes primary position to the mortgage. If the cost of repaying the PACE loan and any mortgages on the property exceeds the home’s purchase price, the seller will be forced to make up the difference.

California Association of REALTORS® President Pat “Ziggy” Zicarelli said in a statement, “Although C.A.R. supports voluntary consumer-friendly energy improvement programs for homeowners, C.A.R. believes that HUD was ill advised to approve placing PACE loans in a senior position to FHA first mortgages. Doing so places FHA homebuyers and taxpayers at risk and does homeowners a disservice by approving a loan product without consumer protections and which is aggressively sold to homeowners who rely on FHA financing for safe and affordable mortgages.”

REALTORS® say PACE loans are unfairly expensive and carry higher interest rates than the first mortgage or a home equity loan. “This loan product has no minimum disclosures, no underwriting of the borrower, no proof that the borrower has the ability to repay, no three-day right to rescind, no marketing limitations, no interest rate or fee caps, no kickback prohibitions; nothing,” added Zicarelli.

The Federal Housing Finance Agency (FHFA) and conservator of Fannie Mae and Freddie Mac prohibits PACE loans to be placed in a senior position to the mortgage. Both the FHA and Fannie Mae currently offer mortgage financing that allows borrowers to finance energy efficiency improvements at lower rates than PACE liens. HUD’s announcement, which is contrary to FHFA’s current policy will only confuse homeowners, homebuyers, REALTORS®, lenders, escrow, title and the housing market overall.

The National Association of REALTORS® also expressed its concern, especially with regard to delinquent foreclosed properties. “A foreclosed property with a PACE loan in the primary position will likely remain on the market longer than it should, further increasing uncertainty in mortgage markets and placing unnecessary pressure on homeowners,” NAR President Tom Salomone said in a statement.

Karen Trolan, president of the Silicon Valley Association of REALTORS®, said, “Now, more than ever, the California legislature must pass AB 2693 (Dababneh), a C.A.R.-sponsored bill that would ensure consumers are aware of the consequences of PACE loans and have the opportunity to rescind after a three-day cooling off period. Current disclosures given to home buyers do not explain the potential consequences of using PACE loans. AB 2693 will require Truth in Lending type disclosures to borrowers.”

 

 

 

 

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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.

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The National Association of REALTORS® (NAR) is asking all REALTORS® across the country to TAKE ACTION NOW and urge your Senators to pass H.R. 3700, the “Housing Opportunity Through Modernization Act of 2016.” This bill makes needed reforms to the Federal Housing Administration (FHA) condominium loan program, federal-assisted housing programs and Rural Housing Service loan programs. The reforms would make buying a condominium easier by expanding opportunities for first-time homebuyers and streamlining rural housing programs for low-income rental residents.

Early in February the U.S. House of Representatives voted unanimously to advance legislation that will expand opportunities for homeownership, especially for first-time home buyers. H.R.3700 takes aim at the difficulties in getting mortgages for condominiums. NAR has supported the inclusion of reforms to current FHA restrictions on condominium financing.

Condominiums are among the most affordable homeownership options for first-time home buyers, as well as lower income borrowers, but barriers to safe, affordable mortgage credit for condos still exist. H.R. 3700 takes a number of steps to address those concerns. These include efforts to make FHA’s recertification process “substantially less burdensome,” improving a process that is often costly and which condo developments must repeat every 24 months.

H.R. 3700 also lowers FHA’s current owner-occupancy requirement (the number of units in the development owned by the people living in them) from 50 percent to 35 percent and requires FHA to replace existing policy on transfer fees with the less restrictive model already in place at the Federal Housing Finance Agency.

Additionally, the bill streamlines the process for exemptions to FHA’s rule requiring that condominium projects have no more than 25 percent of the space dedicated to commercial use. This effort is in line with the Department of Housing and Urban Development’s initiative to promote neighborhoods with a mix of residential housing, businesses and access to public transportation, which has become a trend in housing development today.

Finally, H.R. 3700 includes further support for rural housing loans and multifamily housing initiatives.

H.R. 3700 removes a burdensome and expensive FHA condo approval process, reduces the FHA restrictions on the number of condos available to homebuyers, and permanently streamlines the Rural Housing Service loan program.

NAR is encouraging all members to take action even if they do not do business with condominiums or in rural areas. SILVAR members can take action by going to https://realtorparty.realtoractioncenter.com/site/Advocacy

 

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Last chance to register or audit a class!

SILVAR’s 5th Certified International Property Specialist Institute (CIPS) is on June 20-24. If you would like to learn how to expand your global real estate business and earn the National Association of REALTORS® (NAR) CIPS designation, enroll in the CIPS Institute. Classes start next week, so you need to register right away. Cost for the entire CIPS Institute, which includes five courses, is $450 for the paperless option $500 for the paper version, which includes a manual for each of the five courses for both members and nonmembers. Regular price is $600.

Members may enroll online at ims.silvar.org. Non-members and those who want the paperless option may register by calling SILVAR at (408) 200-0100. Breakfast and lunch are provided and included in the cost, thanks to our generous sponsors Darrell Monda of TourFactory; Larry Tringali of Property Inspection Service; Anita Rodal, international liaison with AFEX (Associated Foreign Exchange) and president of SBPI Services, Inc.; Janet Case, CEO of Proxio; and Suzette Reboton of HSBC.

If you are a CIPS designee, you can audit a course for $20 for paperless and $30 for the paper option. Cost also includes breakfast and lunch. There are always new developments taking place in real estate markets around the world. Every two to three years CIPS courses are revised with updated statistics and relevant information. The most recent courses updated are Global Real Estate: Local Markets (May 2016) and Global Real Estate: Transactions Tools (May 2016). Instructor David Wyant, who will be teaching the courses again this year, also regularly furnishes students with information on the latest developments in international real estate.

If you would like to audit a CIPS course, please contact SILVAR Public Affairs and Communications Director Rose Meily at (408) 200-0109 or email rmeily@silvar.org.

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. Members using Proxio, which is a SILVAR benefit, may find the CIPS courses very useful in advancing their global real estate business. See registration form and class schedule below.

CIPS SCHEDULE AND REGISTRATION FORM

 

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$500 for paper option, $450 for paperless option through June!

If you haven’t had the opportunity to take the Certified International Property Specialist (CIPS) Institute at the Silicon Valley Association of REALTORS®, now is a good time to do so. SILVAR is offering its 5th CIPS Institute on June 20-24 for all members and non-members at a discount price through June. The five-day CIPS Institute costs $500 for the paper version, which includes a manual for each of the five courses offered, and $450 for the paperless option. Regular price for the CIPS Institute is $600.

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, taught by National Association of REALTORS® (NAR) 2012 and 2009 International Instructor David Wyant 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 CIPS Institute, REALTORS® will fulfill the classroom requirements needed to earn the NAR CIPS Designation.

Members may enroll online at ims.silvar.org. Non-members may register by calling SILVAR at (408) 200-0100. The discount price includes a continental breakfast and lunch provided by our sponsors Darrell Monda – TourFactory, Larry Tringali – Property Inspection Service and Anita Rodal – AFEX (Associated Foreign Exchange) and SBPI Services, Inc.

Limited sponsorships for the CIPS Institute are still available. Each sponsor is given the opportunity to speak about their product or service on an assigned day. For more information on the CIPS Institute and sponsorships, contact SILVAR Public Affairs & Communications Director Rose Meily at rmeily@silvar.org, or call (408) 200-0109.

CIPS REGISTRATION FORM AND SCHEDULE

CIPS SPONSORSHIP OPPORTUNITY

REALTORSafety2011
A new survey from the National Association of REALTORS® (NAR) found while 96 percent of REALTORS® have never been a victim of crime, more than two-thirds (40 percent) have found themselves in situations where they have feared for their safety or the safety of their personal information. Some of the most common circumstances that resulted in fearful situations were open houses, showing vacant and model homes, working with properties that were unlocked or unsecured and showing homes in remote areas.

The survey asked members how safe they feel while on the job and nearly 3,000 Realtors from across the country answered questions about their personal experiences, and the safety procedures and materials provided by their brokerage. The survey found one-third of members surveyed carry a self-defense weapon. Female REALTORS® are more likely to carry pepper spray, while male REALTORS® more commonly carry a firearm. Thirty-eight percent have participated in self-defense classes as a proactive safety measure, and 13 percent use a smart phone safety application to track their whereabouts or alert colleagues of an emergency. Also, before showing a property, the typical Realtor meets about half of their prospective buyers whom they haven’t previously met, in a real estate office or other neutral location.

Awareness, prevention and defense tactics are key to staying safe, according to Karen Trolan, president-elect of the Silicon Valley Association of REALTORS®. This is why this month, the local trade association is sponsoring “REALTORS® Training Realtors,” a free safety and self-defense training class that will teach agents risk awareness, safety tips, and how to protect yourself and survive in a hostile situation.

“Safety is so important for agents. Because they interface with the public all the time, both female and male agents should know how to protect themselves,” said Trolan. “REALTORS® Training REALTORS®” will be held on Friday, March 27, 11:30 a.m. to 1:30 p.m. at Pacific Coast Academy, 14170 Blossom Hill Road, Los Gatos. Taught by REALTORS® Laura Welch (Century 21 M&M), Carla Bunch (Marbella Properties) and Trolan (Alain Pinel Realtors), the class is FREE, but space is limited to 45 participants. Register online at ims.silvar.org, or call (408) 200-0100.

Trolan added that awareness of potentially dangerous situations is just as important as the self-defense. “The training will focus on three important aspects of safety – awareness, prevention and self-defense,” said Trolan.

The National Association of REALTORS®, the California Association of REALTORS®, and local REALTOR® groups like the Silicon Valley Association of REALTORS®, make safety resources and materials available to their members throughout the year. Additionally, the REALTOR® associations dedicate the entire month of September to bringing more awareness to REALTOR® safety among members.

REALTORSafety2011
By now, you are aware of potential dangers that face real estate agents when they are meeting clients, showing properties or hosting open houses, and in their cars. There is one more place to consider: the office where you work. You can help safeguard your business (and your personal) property, and the safety of all who work in the office, with a few procedures and precautions:

1. Know staff in other nearby businesses and be aware of their schedules.
2. Ensure that all doors other than the main entrance are secured.
3. Make certain windows are not obscured so that passersby can see in.
4. Make sure there is a clear exit route from the service desk to the door.
5. Never allow visitors to wander freely about the business. Have the person whom they want to see come to the front office area and escort the individual to the meeting area.
6. Have a visitor log book and policy on issuing visitor tags that limit access to certain areas and hours of the day.
7. If you encounter an individual while working late or alone, indicate to that person that you are not alone. Say something like, “My supervisor will be right with you and should be able to assist you.”
8. Keep personal information private. Avoid discussing where you live, after-work or vacation plans in front of customers, new coworkers or anyone in general with whom you are not comfortable.
9. Never leave valuables, purses or wallets tucked behind counters or on desks.
10. Lock away personal letterhead and business cards to avoid use by unauthorized people.
11. Mark equipment for easy identification in the event of theft or damage. Maintain an inventory of all marked items.
12. Lock up audio/visual equipment when not in use.
13. Secure spare and master keys in locked cabinets.
14. Protect client information. Most offices keep sensitive personal information on their computers and/or in paper files—names, Social Security numbers, credit card or other account data—that identifies customers or employees. If this sensitive data falls into the wrong hands, it can lead to fraud or identity theft.

(Source: Sonoma County Crime Crushers)

This article is part of the National Association of REALTORS®’ REALTOR® Safety Resources Kit. Visit NAR’s REALTOR® Safety website at http://www.REALTOR.org/Safety for more safety tips.

June 2017
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