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$100 more to be a REALTOR? Well Worth It!
Tuesday, Oct 17, 2017 @ 05:04 AM





This year's Dues Billing is about to go out (due December 31st), and you are going to see a big change - a $100 assessment for all members in 2018.

While we know this is a big cost for us all, we believe you will find it is for a great reason.

The C.A.R. Board of Directors voted in this assessment at the October Meetings in San Diego.  What it will do could be incredible for Californian's

Many established homeowners are unable to move right now because of what their increased property taxes would be if they moved - even if they bought and sold at the same price.  This is keeping homeowners in one place longer than normal, and ties up properties that could help first time and step up homeowners if they could buy these houses - affordably, and at market rate.

C.A.R. has submitted an initiative to the Secretary of State that would allow property owners over 55 to move, and keep their lower property tax base, or if they buy up create a blended tax rate that is more likely for them to budget the increase.

The result is these homes can be brought to market for new homeowners to move in, paying the market property tax rate - which increases revenues to the counties and cities for schools, fire, police, and roads.

The older homeowner gets to keep their lower rate, making them able to stay in California, but in a place that better meets their needs.

This is a win-win all around.  And voters appear to support this idea as well!

However passing an initiative in California is expensive.  Typical ballot initiatives cost between $30 & $50 million dollars in California.

The $100 assessment will raise approximately $20million in 2018.  When partnered with other supportive coalition partners that are being brought together right now, and using both NAR funds, and local association support, we will be able to fully fund this opportunity to make a difference in California.

There will also be opportunities for REALTORS(R) to be involved as well.  In early 2018 we will be gathering signatures on petitions where you can show your clients and farms all you are doing to protect their ability to buy a home in California.  We will also be messaging throughout the year, and of course in November, we will get to vote and support this initiative.

We know there will be many questions you have.  We are gathering together information right now.  For the newest information, we have a few places for you to start looking:

For questions about the assessment -
web: CAR.org
phone: (213) 739-8200

For questions about the total dues -
web: BHGLAAR.com
phone: (310) 967-8800

For information about the initiative -
web: Secretary of State Initiatives
Phone: - Best to call C.A.R. for now - (213) 967-8800 or (916) 492-5200

For information about contributing to this effort -
web: REALTOR Action Fund

To get involved in this effort, please check our newsletters, emails, website, and the C.A.R. website.

Information is still coming out, so be patient as we bring it forward.  We will make sure you are aware of all developments as soon as we have more information.

Thank you REALTORS(R) for your support of affordable housing.

Thank you for your membership

And above all thank you for making the American Dream of Home ownership happen!


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