C.A.R. Update

About C.A.R.

Established 1905

Membership: over 158,000 (January 2013)

Offices:• Los Angeles (Headquarters)• Sacramento (Lobbying)

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

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 Session

Sponsoring 4 BillsSB 30 and AB42 - Debt Forgiveness Income TaxSB176 - Regulatory Notifications AB429 - Retention of DRE Staff

We will be continue to be watchful- easier to play defense than offense

Looking Ahead

The State is in the black Super majority in both housesDecisions will be made in caucus behind closed doors rather than on the floor.

Bills regarding Split Roll- Inadequate supply of housingTransfer taxes

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

Education & Scholarship Foundation

Scholarship Foundation

Education Foundation

For additional information and assistance contact:Lynette Flores (213) 739-8243lynettef@car.org