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SRESŪ CLIENT ASSURANCE PROGRAM HELPS SENIORS CHOOSE
REALTORŪ The Senior Advantage Real Estate CouncilŪ
(SARECŪ) on Friday announced an innovative new program that
will enable senior homebuyers and sellers to electronically
verify the professional and state licensing status of its
Seniors Real Estate SpecialistŪ (SRESŪ) designees. Through
an agreement with SquareTrade, a leading provider of online
trust infrastructure, the SRESŪ Client Assurance program
empowers seniors to electronically conduct a third-party
credentials verification before engaging a REALTORŪ when
buying or selling a home. "Seniors are increasingly concerned
with the potential for fraud or other forms of financial
abuse," said SARECŪ Senior Advisor Nathan Booth. "SAREC's
Client Assurance program is the first -- and only -- program
offering senior homebuyers and sellers an enhanced level
of security and assurance that no other real estate designation
is able to offer. With just one click, SAREC's Client Assurance
program empowers seniors to proactively verify their REALTORSŪ'
credentials prior to forming a relationship." SARECŪ is
owned by Real Estate Business Services Inc. (REBS), a subsidiary
of the California Association of REALTORSŪ (C.A.R.).
LATEST VERSION OF WINFORMSŪ AND STANDARD FORMS NOW
AVAILABLE The latest version of WINFormsŪ software
and C.A.R. forms can now be downloaded from C.A.R. Online
(www.car.org). In addition to the semiannual form updates
and many feature enhancements, the new WINFormsŪ software
has an expiration date of March 31, 2005, giving WINFormsŪ
users two additional months to use the product prior to
renewal. Click on the link below for instructions to download
the latest version of WINFormsŪ Desktop software.
2004 MARKS NINTH CONSECUTIVE RECORD YEAR FOR CONDO
SALES Sales of existing condominiums and cooperatives
were at the second highest pace on record during the third
quarter, according to a recent NAR report. While existing
condo and co-up sales decreased 2.0 percent to a seasonally
adjusted annual rate of 990,000 units, sales were 5.2 percent
above the 941,000-unit level of sales activity in third
quarter 2003. The median existing condo price was $197,000
in the third quarter, 18.0 percent higher than the same
quarter in 2003. By comparison, the median-priced existing
single-family home was $188,500 in the third quarter, up
7.7 percent from a year ago. In the West, existing condo
and co-op sales declined 3.7 percent from second quarter
to an annual rate of 258,000 units in the third quarter,
but sales were 3.2 percent higher than one year ago. The
median price in the West was $244,400, up 20.5 percent from
the third quarter of 2003.
C.A.R.'S EXECUTIVE VP, PAST PRESIDENT RECEIVE PRESTIGIOUS
AWARDS C.A.R. Executive Vice President Joel Singer
is the recipient of NAR's 2004 William R. Magel Award of
Excellence. The award was presented to Singer at the 2004
REALTORSŪ Conference & Expo in Orlando by NAR President
Walt McDonald. Established in 1983 to honor the memory of
William R. Magel, the annual award is given to the person
who has "excelled in the role of association executive of
a local or state association of REALTORSŪ and who is active
in the REALTORŪ Organization." "Joel is one of the most
dedicated people I've ever known in real estate. His tireless
work, his commitment to duty and his innovation are exemplary
in the real estate industry. His drive and devotion to the
real estate organization have propelled the California association
to a great level of excellence. I'm proud to have served
with him," said McDonald. C.A.R. Past President and former
Dept. of Real Estate Commissioner Bob Karpe is the 2004
recipient of the Glenn T. Seaborg Award. The award, named
after the former University of California chancellor and
1959 Nobel Prize-winning scientist Glenn Seaborg, is given
to a past Cal football player for his career accomplishments.
Karpe, who was an All-Coast tackle on Cal's 1951 Rose Bowl
team and graduated as the class valedictorian in 1952, has
been one of the nation's leading real estate executives
for the past four decades. Since 1976, Karpe has been chairman
of the board of the Karpe Real Estate Center in Bakersfield.
He served as California's real estate commissioner from
1971-75 and as president of the Government National Mortgage
Association in Washington, D.C., from 1981-84.
Information provided by - C.A.R. Newsline is published by
the CALIFORNIA ASSOCIATION OF REALTORSŪ, a trade association
representing more than 135,000 REALTORSŪ statewide.
