Quick Links Top Sales & Closed Sales For the Week
Selma Hepp’s Blog
From Ed’s Desk Dear Marin Colleagues,
Marin Stats
Weekly Broker Tip
Pacific Union Tools
Concierge
Resources
Print Advertising
Digital Marketing
Pacific Union Affiliates
The migration to Compass has started! Starting this coming week all Marin staff will be on-boarded to Compass and training on all the tools will start in earnest. What this means to you is some of the staff will be attending training in various locations, so they may be out of office for periods of time. All of these details will be posted in emails, so you will all be aware of what the schedule is. Agent on-boarding and training will begin starting in November and the staff will be trained by then and able to assist you should you need it. Sounds simple doesn’t it? This is a a huge undertaking, with over 1700 agents and staff having to be trained and on-boarded over the next 2 months. As I have stated over and over, I appreciate your patience and support to make this transition as seamless as possible. Time for a party. October 11, 5-7pm at Jason’s in Greenbrae. This will be the second agent mixer and will be attended by the 3 Compass branches in Marin and Compass leadership. Please RSVP on your invitation. And let’s not forget the bottom line. We change people’s lives by connecting buyers and sellers of beautiful Marin homes. And you do it very well. The best in the business in my opinion. We will be discussing the Marin market and what is going on out there at our next Estates Meeting Tuesday, October 9. Wait until you see the stats on the combined market share of Pacific Union, Paragon and Compass and the impact it will have on Marin. Impressive to say the least. The legal update this week left many of you wondering how we ever close a transaction. Oh god, did I do that right? What am I missing? Help! I think the key take away is we have a tremendous amount of resources available to help answer your questions and they are much easier to address before the transaction has closed. If in doubt reach out! I will get you the answer. And the second take away is “If you have it give it.” Six words to live by. See you on Tuesday and I will buy drinks on Thursday (forget that, Compass is buying).
Need Marketing Assistance Click here! License # 01866771
Return To Home Page
Market Share Mill Valley
Novato
Belvedere
San Anselmo
Corte Madera
Greenbrae
Fairfax
San Rafael
Larkspur
Ross
Kentfield
Sausalito
Tiburon Marin County Market Share
Concierge CLICK HERE TO SUBMIT YOUR REQUEST
Amy Bowes Lisa Srisavat Jerri Cohen Ashley Jennings Joan Simone Bella Shilman Chelsea Dederick
Return To Home Page
Top Sale Of The Week
Bill Smith + Ann Aylwin Listing Agent $3,595,000 242 Beach Road, Belvedere
Marin Stats For Sale vs. Sold
Weekly Market Update
Avg. Price Per Sq. Foot
Months of Inventory
Days On Market: Sold
Average Price For Sale vs Sold
Market Share By City
1974- 2017 Ave Sale Price
Open House Graph
Source: Trend Graphic/Charts Bareis MLS (updated on the 6th of every month)
Return To Home Page
Economic Straight Talk What is Proposition 10? Proposition 10 is a statewide ballot initiative in the November 2018 election that aims to repeal the Costa-Hawkins Housing Act. While Proposition 10 has become a polarizing issue, it is critically important to understand what it does and does not do. What is the Costa-Hawkins Rental Housing Act? The Costa-Hawkins Rental Housing Act was passed by the California legislature in 1995 and places limits on municipal rent-control ordinances. The act limits municipal laws in the following ways: In cities that already have rent-control policies, it freezes the eligibility of units that can come under rent control at the age threshold that was in place when the ordinances were adopted. For example, units in San Francisco that fall under rent control are those built prior to June 13, 1979. It prohibits “strict” rent control (for instance, vacancy control), which requires rents to remain controlled even after a tenant moves out. Since Costa-Hawkins passed, owners may still increase the rent equivalent to the change in the cost of living as measured by the Consumer Price Index (averaging about 5 percent). Prior to the enactment of Costa–Hawkins, such strict vacancy controls existed in five California cities: Berkeley, Santa Monica, Cotati, East Palo Alto, and West Hollywood. It exempts all single-family homes, condominiums, and units built after Feb. 1, 1995. In California, 15 jurisdictions have passed some form of rent control, including “legacy” rent control, meaning cities with ordinances dating back to the late 1970s and early 1980s, such as San Francisco, Los Angeles, Berkeley, and Santa Monica. Bay Area cities such as Mountain View and Richmond have only recently enacted such ordinances. Cities listed as rent controlled by the state of California: Alameda, Berkeley, Beverly Hills, East Palo Alto, Hayward, Los Angeles, Los Gatos, Oakland, Palm Springs, San Francisco, San Jose, Santa Monica, West Hollywood, Mountain View, and Richmond. The major purposes of the Costa-Hawkins act are to eliminate vacancy control and thereby allow property owners to adjust the rent to market price and to exempt certain categories of rental units from rent control — new construction, single-family homes, and condominiums. The act leaves the power to determine most other elements of rent control to the cities. Cities remain in control of determining any changes to the rental amount of a tenancy and possess a substantive jurisdiction to regulate evictions and an owner’s ability to otherwise end a tenancy. Accordingly, cities could prohibit an owner from terminating a tenant without “just cause.” Each California city has its own independently enacted rent-control ordinances, which vary widely.
Read More Here We encourage you to share Pacific Union’s daily blog posts via email, your own blog, or social media. All blog content is updated daily in VoiceStorm, which allows you to share posts to the most popular social networks with just a few clicks. Additionally, our team sends out a weekly Content Hit email each Monday, which contains everything you need to promote Pacific Union content on Facebook, Twitter, or your own blog.
Return To Home Page
Weekly Broker Tip Legislative Changes to Trustee’s Disclosure Rules Question: So many brokers have different thoughts, policies and practices on when Trustees must fill out the TDS, SPQ and NHDS (collectively referred to as the “TDS”) that it is difficult to have smooth transactions. Can we stop arguing over the “sole trustee?!” Answer: YES. For many years, brokers and attorneys have debated this and have repeatedly requested a statutory change. The state Legislature has passed, and the Governor has signed, a CAR-sponsored bill removing the word “sole” from the statute. Under the revised statute, for purposes of determining if trustee(s) are exempt from completing a TDS, it no longer matters how many Trustees there are or the relationship between the Trustees. A. BOTTOM LINE: All Trustees are exempt from completing a TDS unless (1) the trust is a revocable trust; AND (2) the trustee is a natural person (meaning a live human, not an institutional trust department, for example); AND (3) the trustee either owned the property in their own name OR occupied the property within one year of the date of the sale. B. MORE DETAILED EXPLANATION: The three new requirements as to whether the Trustee is Exempt from completing the TDS, or is Not Exempt, are determined by whether all three of the following questions can be answered YES. A single NO means that the Trustee is Exempt and does not complete the TDS. 1. Is this a Revocable Trust? If YES, answer the next question. If the answer is NO (it is an irrevocable trust), no further questions need to be answered because the Trustee is Exempt. The Exempt Trustee does not complete the TDS but must still make full and complete disclosure of known material facts using the Exempt Seller Disclosure (“ESD”). 2. Is the Trustee a live human being (i.e., not an entity)? If YES, answer the next question. If the answer is NO (the Trustee is an entity), no further questions need to be answered because the Trustee is Exempt. The Exempt Trustee does not complete the TDS but must still make full and complete disclosure of known material facts using the ESD. 3. Has the Trustee EITHER owned the property in his or her own name OR lived in the property within one year of the date of the sale? If the answers to all three questions are YES, the Trustee is NOT EXEMPT and must complete the TDS. If the answer to this or any of the other questions is NO, then the Trustee is Exempt and does not complete the TDS but must still make full and complete disclosure of known material facts using the ESD.
Click here to read more ... DO NOT FORWARD TO CLIENTS. This Weekly Practice Tip is for the exclusive use of clients of Broker Risk Management and their agents. It may not be reproduced or distributed without the express written consent of Broker Risk Management. The advice and recommendations contained herein are not necessarily indicative of standards of care in the industry, but rather are intended to suggest good risk management practices. PRACTICE TIPS All Weekly Practice Tips are available at BrokerRiskManagement.com User ID: clientaccess, password: yard
Return To Home Page
Compass Updates 10/11- Agent Mixer at Jason’s 5pm-7pm Staff begins training starting 10/15
Tell your sphere you’ve joined compass! Email Template in Marketspace
Tell your sphere you’ve joined compass! Instagram Images Click here for black Click here for white
Return To Home Page
2018 Advertising Online & Print Distribution, deadlines, and rates
*Some details will be updated as information becomes available. Advertising rates are subject to change. If you are interested in a specific publication that is not on this list, please contact your Marketing Coordinator directly. Co-op advertising rates are at your manager’s discretion.
Return To Home Page
PREMIER SERVICE
@pacificunion
Return To Home Page
Resources - Forms, Vendors, Services • Inspection Checklist and Forms • Pacific Union Marin Vendor Guide • FEMA: Marin Flood Zone Update
• Sewer City and Fire Inspections
Pacific Union Leaders Brent Thomson & Pat Heller to Speak at Industry Conference Pacific Union Chief Operating Officer Brent Thomson and Vice President and Branch Manager Pat Heller will be among the featured speakers at the second California Association of Realtors’ WomanUP! Conference on June 28-29 at the JW Marriott LA Live in Los Angeles. The two-day conference is part of CAR’s women’s outreach program to bring together a community of mentors and leaders to communicate, collaborate, and support one another in the real estate industry. For its program, CAR earned a nomination for an Inman Innovator Award from Inman News, which saluted the organization’s commitment to helping elevate women in the industry. Thomson oversees all aspects of Pacific Union operations, including the recruitment and performance of top real estate professionals. She also leads the executives of the firm’s Northern California region. “Women make up the majority of the real estate industry, yet they’re underrepresented in brokerage leadership,” she says. “This conference seeks not only to heighten awareness of these opportunities, but to inspire women to move toward them.” Thomson continues, “Building self-confidence and learning to trust myself has been a by-product of many successes, as well as failures. Learning to appreciate that a failed attempt was far better than no attempt gave me more freedom to express myself, think big, and respect the same in others.” Heller, who heads four Pacific Union Westside Los Angeles locations (Brentwood East, Marina Del Rey, Pacific Palisades, and Santa Monica), has led every office she’s managed over the last two decades to top five national revenue-production status. She sees the conference as an invaluable opportunity for women to gather both input from experienced brokerage owners and support from the real estate community as they pursue their leadership careers. “This is an empowering event for women across our field,” she says. CAR data shows that 60 percent of real estate professionals in California are women but only about one-third of leadership positions in brokerage firms with more than 100 professionals are led by women — a statistic that has been virtually unchanged in recent years. CAR held its inaugural WomanUP! Conference in Pasadena last year. More than 300 women and men attended the full day of professional development devoted to giving powerful women bold tools to take their careers to the next level.
Return To Home Page
Affiliate Resources The Mark Company The Mark Company is the authority on urban residential real estate sales and marketing. Using The Mark Method, our unique approach aligns developer goals with buyer insights to deliver unbeatable results. Visit: themarkcompany.com
Property Management Pacific Union Property Management offers full-service property management to property owners, landlords and investors throughout the SF Bay Area, helping your clients to maximize luxury real estate investments. Visit: pacunionpm.com
Commercial Backed by Pacific Union’s strong name recognition and marketing foundation, our Commercial Brokerage specializes in buying, selling, and leasing commercial properties- apartments, office, retail, and industrial- for a mix of clients. Visit: pacificunion.com/commercial-real-estate
Rentals Gain access to the Bay Area’s most exceptional rental properties with the helpof our rental experts. Visit: pacificunion.com/leasing-rentals
Relocation Whether you are moving to or departing from the Bay Area ... whether your move is job-related or personal ... whatever your move, we’ve got you covered. Visit: pacificunion.com/relocation
ProInsurance In addition to homeowner’s coverage, ProInsurance provides competitive pricing on a full range of personal insurance needs. Visit: pacificunion.com/pro-insurance INTERNATIONAL PROINSURANCE SOLUTIONS, LLC.
To obtain more information and quote, contact Adrianne Peixotto at 415-223-5543 or email adriannep@proinsurance.com
The Benefit of Knowledge