Thursday, April 8, 2010

Good Government Policy is Vital for Health of Real Estate and Business

Realtors® must be aware of the political nature of our business and that local, state and US government agencies, are always making and enforcing policies that impact real estate and private property rights.


We as Realtor® members at the Orange County Association of Realtors and the National Association of Realtors are part of a special interest and grassroots organization.  Our OCAR board of directors has understood the need for involvement in government policy.


Local Government Relations south committee people at OCAR get together each month for the study, discussion and to recommend to the OCAR board on important issues relating to protection of private property rights and Realtors®. 


Last year during 2009 our committee made recommendations to the OCAR board about US first time homebuyer tax credit and extension, CA proposed point of sale mandate on home retrofits, mortgage reform, increase of US agency conforming loan limits, CA SB94 re advance fees for loan modifications, Mission Viejo city proposed “right to vote” ballot initiative, and others.


More efforts are being made by city governments to raise revenue on the backs of Realtors® and property owners, with proposed point-of-sale mandates, transfer taxes and business license fees, so the need for continued local political involvement is important.


We expect to look at issues this year 2010 including California proposed first time homebuyer tax credit (has now become law), City of Irvine proposed climate action plan, local property maintenance ordinances, anti-deficiency judgment protections in our state, owner’s right to rent in a CID, California ballot initiatives, US proposed budget plan for year 2011 with reduction mortgage interest deduction, and others.
The study of public policy for business and real estate can be fun and interesting.  If you want to share ides about policy and business in Orange County or California, please contact me.  Thank you.

Harrison K. Long, Realtor & broker, Explore Group, Coldwell Banker Previews, Irvine, CA.  CA DRE #01410855.  Lawyer - California State Bar Association member #69137.  National Association of Realtors, California Association of Realtors, and Orange County Association of Realtors.  Current Chairperson of Local Government Relations south committee at  Newport Beach and Irvine area Realtor, broker agent and property information source. 

Always hire an experienced local REALTOR to help you with the sale or purchase of a home.

Posted via email from Explore OC Homes


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