Arcadia REALTOR Magazine - April 2013

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ArcadiaREALTOR®The Official Publication of the Arcadia Association of REALTORS®

VOL. 17, NO. 4WWW.THEAAR.COMAPRIL 2013

See page 10

Events 4 Charity - Day at the Races

PROUDLY SERVING THE REALTORS® OF ARCADIA, BRADBURY, DUARTE, MONROVIA AND SIERRA MADRE

Networking • Education • Technology • Networking • Education • Technology • Networking • Edu-cation • Technology • Networking • Education • Technology • Networking • Education • Technolo-gy • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Tech-nology • Networking • Education • Technology • Networking • Education • Technology • Network-ing • Education • Technology • Networking • Education • Technology • Networking • Education •

Technology • Networking • Education • Technology • Networking • Education • Technology • Net-working • Education • Technology • Networking • Education • Technology • Networking • Educa-tion • Technology • Networking • Education • Technology • Networking • Education • Technology

• Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Tech-nology • Networking • Education • Technology • Networking • Education • Technology • Network-ing • Education • Technology • Networking • Education • Technology • Networking • Education •


• Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Networking • Education • Technology • Networking • Education • Technology • Net-

working • Education • Technology • Networking • Education • Technology • Networking • Educa-tion • Technology • Networking • Education • Technology • Networking • Education • Technology

• Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Tech-nology • Networking • Education • Technology • Networking • Education • Technology • Network-

ing • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology •

Networking • Education • Technology • Networking • Education • Networking • Education • Tech-nology • Networking • Education • Technology • Networking • Education • Technology • Network-ing • Education • Technology • Networking • Education • Technology • Networking • Education •



ing • Education • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking •

Education • Technology • Networking • Education • Technology • Networking • Education • Tech-nology • Networking • Education • Technology • Networking • Education • Technology • Network-


Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Tech-

nology • Networking • Education • Technology • Networking • Education • Networking • Educa-tion • Technology • Networking • Education • Technology • Networking • Education • Technology


Arcadia Association of REALTORS®

2013TUESDAY, APRIL 239:00am - 3:00pmSanta Anita Park (Race Track)285 W. Huntington Dr. Arcadia, CA 91007

Exchange is Limited to AAR Members ONLY!

Lockbox Exchange @ BizN.E.T.

See pages 3 & 9

Seniors Real Estate Specialist (SRES) DesignationSee page 9

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Arcadia Association of REALTORS®601 South First Avenue

Arcadia, California 91006626.446.2115

626.446.4072 FAXwww.TheAAR.com

2013 ASSOCIATION OFFICERSAndy Bencosme {President}

Mike Vachani {President-Elect}Joe Pacilio {Vice-President}

Jill Nelson {Secretary/Treasurer}

2013 ASSOCIATION DIRECTORSMicah Adams

Ryan AsaoRoy Blume

Kelvin ChangMargaret Garemore

John LeePaulina Lee

Sylvia RamosIrene Yamagata -Bermudez

2013 C.A.R. DIRECTORSRyan Asao

Andy BencosmeMargaret Garemore

George MonteRandall Traw

Mike VachaniKelvin Wong

ARCADIA ASSOCIATION STAFF We are here to help you with your needs! Office Phone 626.446.2115

Robin Allen Ext. 307 Director of Finance / Office Manager [email protected]

Michael Beltran Ext. 302 IT Director / Webmaster [email protected] Brenda Faltes Ext. 304 Director of MLS Data Integrity, Supra & Social Media [email protected] Stephanie Maertens Ext. 303 Director of Education, Publications & MLS Caravan [email protected]

Maria Roberts Ext. 305 Director of Membership & Professional Standards [email protected] Jane Shriver Ext. 301 Director of Association Services [email protected]

Andrew Cooper Ext. 308 Executive Vice President [email protected]

{ Arcadia REALTOR® | April | Two Thousand and Thirteen | Volume Seventeen | Number Four}04.13

ArcadiaREALTOR®

April 2013

REGULAR FEATURES

4 Events Calendar

4 From the EVP’s Desk Andrew Cooper, Executive Vice President

5 Attorney Comments Dave Freeman, AAR Legal Counsel

6 Market Matters

10 Through the Lens A Look at What’s Happening Around the AAR

11 Affiliate Corner “Why the Notarial Act is More Important Than Ever” Stephanie Jordan, Independent Mobile Notary

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ON THE COVER3 BizN.E.T. 2013 Please join us for our upcoming Expo at the Santa Anita Racetrack.

9 AAR Lockbox Exchange There will be a lockbox exchange taking place during BizN.E.T. 2013 at the Santa Anita Racetrack. Bring your blue lockboxes and they will be exchanged for a newer version!

9 SRES Designation A recap of the recent designation offering of the AAR.

10 Events 4 Charity - Day at the Races A look at the recent fun-filled charity event at the Santa Anita Racetrack.

ADDITIONAL CONTENTS3 Committee Highlight of the Month - “Global Real Estate Committee” A monthly highlight of one of the AAR Committees.

7 AAR New Members The AAR welcomes its newest REALTOR® Members.

8 Arcadia Chamber of Commerce Presents Award to AAR The Arcadia Association of REALTORS® was recently awarded with the first-ever Corporate Community Award by the Arcadia Chamber of Commerce.

8 “Looking Forward...” A look at the AAR’s Commercial / Investment Committee.

11 E4C Wine and Cheese Tasting for Charity A look at the recent charity event at California Wine & Cheese in Monrovia.

12 “45-Hour Continuing Education Review & Exams” Will you need to renew your license soon? Would you like to get all your necessary credits in one spot? This is the event for you!

Arcadia REALTOR® Magazine3

Networking • Education • Technology • Networking • Education • Technology • Networking • Edu-cation • Technology • Networking • Education • Technology • Networking • Education • Technolo-gy • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Tech-nology • Networking • Education • Technology • Networking • Education • Technology • Network-ing • Education • Technology • Networking • Education • Technology • Networking • Education •


• Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Tech-nology • Networking • Education • Technology • Networking • Education • Technology • Network-ing • Education • Technology • Networking • Education • Technology • Networking • Education •


• Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Networking • Education • Technology • Networking • Education • Technology • Net-

working • Education • Technology • Networking • Education • Technology • Networking • Educa-tion • Technology • Networking • Education • Technology • Networking • Education • Technology



Networking • Education • Technology • Networking • Education • Networking • Education • Tech-nology • Networking • Education • Technology • Networking • Education • Technology • Network-ing • Education • Technology • Networking • Education • Technology • Networking • Education •



ing • Education • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking •

Education • Technology • Networking • Education • Technology • Networking • Education • Tech-nology • Networking • Education • Technology • Networking • Education • Technology • Network-


Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Technology • Networking • Education • Tech-

nology • Networking • Education • Technology • Networking • Education • Networking • Educa-tion • Technology • Networking • Education • Technology • Networking • Education • Technology


Arcadia Association of REALTORS®

2013

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®TUESDAY, APRIL 239:00am - 3:00pmSanta Anita Park (Race Track)285 W. Huntington Dr. Arcadia, CA 91007

60+EXHIBITORS

4BREAKOUT

SESSIONS

2KEYNOTESPEAKERS

FREE

ADMISSION

&

PARKING!

Frank Garay & Brian Stevens - The TBWS Daily Show!Frank & Brian are the high energy & funny hosts of the TBWSDaily Show and have recently made Inman’s Top 100 MostInfluential People in Real Estate list.

Program9:00 am - 3:00 pm • Vendor Exhibit10:00 • Joe Ramos - Acquire More Business Every Time!10:00 • Social Networx - Tech: State of the Union11:15 • Jacob Swodeck - The Future of Short Sales11:15 • Social Networx - Real Estate “Appy Hour”! (phone apps)

12:30 • Keynote Speakers - Frank Garay & Brian Stevens1:45 • Prize Give-a-Way over 60+!2:30 • Networking Social2:45 • Rick DeLuca - It Takes Courage to Change!

& Supra KeyboxExchange for

AAR Members!

Supra Keybox Exchange for AAR Members!Come exchange your old iBox for a brand newlow energy Bluetooth iBox BT LE!See reverse side for details & appointment times.

Keynote Speakers

SPONSORED BY

COMMITTEE HIGHLIGHT OF THE MONTH

“Global Real Estate Committee”By Nick Zigic, Committee Chairman

“I received a call from Switzerland the other day. Carol, a friend from the International Consortium of Real Estate Associations (ICREA), better known as WorldProperties.com tells me there has been a referral from Florida pending on LinkedIn and Facebook for a few days and no one is responding to the inquiry! I called the agent and ten minutes later were talking to the relocation buyer in

FINLAND!

The Global Real Estate Committee works hard to educate AAR members on ALL the resources available to work with global buyers in our local markets, and act as guides and trustworthy advisers to their California clients that wish to invest in other markets worldwide.

With the CIPS designation, our members are recognized leaders at the N.A.R. level. Join the Committee and help us help other members reach new business ... GLOBALLY!”

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FROM THE EVP’S DESK

Embrace your Mistakes!

I just returned from the National Association of REALTORS® Association Executive Institute and I’m bursting at the seams with all kinds of great information

and things I learned. One of the things I brought back was information learned from one of our keynote speakers. Josh Linkner starts and sells many start-up tech companies. His current project is trying to revitalize downtown Detroit – not an easy task. Josh talked about the actual need to make mistakes if we want to excel – something that resonates with me emphatically.

After 19 years in our wonderful industry I’ve noticed that great REALTORS® learn by trial and error, and the best lessons learned come from errors that aren’t quickly forgotten.

It’s completely natural to be fearful of making mistakes – we were taught that “mistakes are bad” while growing up. However it’s vitally important to rid ourselves of that thought process and to remind ourselves that past mistakes do not equal future mistakes. And when we do make a mistake, if we are too quick to judge ourselves and say, “Boy, I’ll never do ‘that’ again…”, you may be depriving yourself from important growth opportunities.

Here’s an interesting thought; some companies actually build a 20% factor for mistakes into their annual budgets. It gives them the freedom to be wildly experimental and to try innovative strategies, realizing that there likely will be mistakes that they’ll have to rectify along the way. But because the other 80% is such a productive payoff, they don›t mind paying the 20% premium for these mistakes. Josh Linkner went one step further and said that he gives his employees two “Get Out of Jail Free” cards each year. This empowers his employees to go out and try insanely creative things, all for the good of the company. What if we did the same thing to build our business? Think of the liberation you would feel and the results you would derive from that new mental paradigm shift!

It›s critically important to accept that mistakes are a mandatory part of success. The bottom line is this: If we’re not making mistakes then we’re not trying.

The past is the past. Let’s use it, let’s learn from it, but let’s not dwell on it. There is tons of success to be achieved for you - and glorious new mistakes to be made along the way.

Andrew CooperExecutive Vice-President

2 10:00 a.m. - 12:00 p.m. - Beginning ZipForms6 Training 10:00 a.m. - Global Real Estate Committee Mtg. 5:30 p.m. - 8:00 p.m. - New Member Welcome Reception @ Dave & Buster’s

3 8:30 a.m. - MLS Caravan 9:30 a.m. - Events 4 Charity Auxiliary Mtg.

4 9:30 a.m. - Commercial / Investment Committee Mtg. 11:00 a.m. - Commercial Marketing Mixer

5 12:00 p.m. - 1:30 p.m. - Toastmasters

8 10:00 a.m. - 3:00 p.m. - CRMLS Training

9 11:00 a.m. - Tech Committee Mtg.

10 8:30 a.m. - MLS Caravan 8:45 a.m. - Affiliate Committee Mtg. 9:30 a.m. - MLS Committee Mtg. 3:30 p.m. - Equal Opportunity / Housing Affordability Committee Mtg.

11 10:00 a.m. - 11:00 a.m. - “The New Real Estate Consumer”

12 9:00 a.m. - 11:00 a.m. - “Discover Untapped Gold Connecting with Financial Professionals”

13 10:00 a.m. - 2:00 p.m. - Duarte Homebuyer Fair

15 10:00 a.m. - 11:00 p.m. - “Environmental Issues in Your Community”

16 10:00 a.m. - 12:00 p.m. - Intermediate ZipForms6 Training 2:00 p.m. - Education Committee Mtg.

17 8:30 a.m. - MLS Caravan 9:30 a.m. - Public Relations Committee Mtg. 1:30 p.m. - Local Governmental Relations Committee Mtg.

18 11:00 a.m. - 12:00 p.m. - Lunch & Learn Series “Foreigners and Their Property Investments” 19 12:00 p.m. - 1:30 p.m. - Toastmasters

22 1:30 p.m. - Budget and Finance Committee Mtg.

23 9:00 a.m. - 3:00 p.m. - BizN.E.T. 2013 @ Santa Anita Racetrack 9:00 a.m. - 4:00 p.m. - AAR Lockbox Exchange @ Santa Anita Racetrack

24 8:30 a.m. - MLS Caravan 9:30 a.m. - Young Professionals Network Committee Mtg.

25 9:00 a.m. - 12:00 p.m. - “45-Hour Continuing Education”

26 8:30 a.m. - Board of Directors Mtg.

29 8:30 a.m. - New Member Orientation

30 9:00 a.m. - 12:00 p.m. - “Life of a Probate”

April 2013

April Events Calendar

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AttorneyComments

By Dave Freeman, Association Counsel

April 2013

1. FORECLOSURES – HIDDEN DIFFICULTIES: Foreclosure sales are falling precipitously, particularly regarding decent buys. Although there are still some good opportunities out there, great care must be taken in terms of the problems that can arise in any foreclosure suit. Most notably, the party who is losing the property will more often fight to prevent your successful takeover and operation of the property. They may sue the foreclosing party and you in a Quiet Title action to prevent your ownership, or they may remain in the property and fight their eviction. They may also cause great damage to the property, taking out walls, copper, plumbing and fixtures. It also may turn out that you purchased the property from the foreclosing Second Trust Deed, with the First Trust Deed remaining on the property. You do not get title insurance when you purchase

at a foreclosure sale, and many problems may not easily meet the eye as in a normal purchase. Therefore, if you or your clients are considering purchasing at a foreclosure sale, hire someone who has expertise in that area to help.

2. SPECIFIC PERFORMANCE: Although I wrote about this subject about a year ago, it is more relevant now than ever. When prices and values of properties are increasing, sellers frequently back out of contracts, leaving the purchasers wondering what to do. The usual reason for the back out is that the sellers have been offered a higher price from someone else. Rest assured, your contract is a valid binding contract if you have the signatures of each of the owners, as confirmed in your title check (before the contract is signed). If your buyers desire, they can file a lawsuit against the sellers for Specific Performance, which

is asking the Judge to make the sellers perform the contract as agreed. At the same time a Lis Pendens is normally recorded in the County Recorder’s office, acting similarly to a very strong lien on the property, and preventing sale or borrowing against the property until the lawsuit is completed. If you have valid signed contract, and the buyers have

performed their side of the agreement, this type of action is very effective. It locks up the property and the seller, and usually leads to a fairly quick resolution of the matter. As your contract calls for mediation (a settlement conference), the matter will frequently be settled in a manner beneficial to both sides, without the need for extensive litigation. Should the matter be required to go to trial, and if the buyer is successful, the seller will be required to pay the buyer’s Court costs and attorney fees, pursuant to your contract, and insuring your commissions.

3. DOCUMENT YOUR FILES: It has become more and more important to keep a running log in your file, and to confirm your actions in writing or by email with and to your client. Otherwise, sooner or later, the client will accuse your of not performing as requested and required. Recently, a party transferred their interest in a property to a co-owner. They later accused the broker of stating that they would be removed from the loan liability by transferring title to the other co-owner. As you know, transferring title does not remove one from the loan liability. In this case, the broker had arranged the original loan with the two parties on the loan and on title to the property. The broker did not prepare the Deed from one party to the other, but did record it for the parties. If the broker had a writing stating that the transfer of the title would not take the party off the obligation of the loan, or recommending that the party seek the advice of a real estate attorney concerning this issue, the broker would most likely not have been in this mess to begin with. Therefore, the best solution is to thoroughly document your file by creating a simple log with dates and very brief statements of the activity that took place, as well as written/email communication with your clients, spelling out the actions taken and the statements made. Brokers and managers would be well advised to review these logs and correspondences frequently.

Arcadia REALTOR® Magazine

W.J. Bradley Mortgage Capital, LLC WJB120611311© 2012 W.J. Bradley Mortgage Capital, LLC. 6465 Greenwood Plaza Blvd, Suite 500, Centennial, CO 80111 Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital, LLC. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government.

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MarketMatters

Market Statistics for the San Gabriel ValleySingle Family Homes Condominiums SFR Only

City Zip Code

Sales of Single Family

HomesPrice Median SFR ($1,000)

Price % Chg from February

2012

Sales Count

Condos

Price Median Condo

($1,000)

Price & Chg from February

2012

Median Home Price/

Sq. Ft.Alhambra 91801 7 $480 15.7% 11 $420 29.2% $325Alhambra 91803 8 $439 21.9% 1 $295 n/a $362Altadena 91001 40 $472 9.9% n/a n/a n/a $329Arcadia 91006 24 $800 6.7% 1 $600 5.7% $373Arcadia 91007 14 $1,125 23.0% 11 $465 18.9% $453Azusa 91702 28 $258 -5.1% 15 $203 8.0% $230Duarte 91010 10 $281 -23.4% 4 $280 7.7% $241El Monte 91731 7 $310 6.7% 1 $205 n/a $266El Monte 91732 10 $318 24.5% 10 $300 17.7% $252El Monte - South 91733 7 $335 36.7% 2 $271 n/a $298Glendora 91740 13 $333 2.0% n/a n/a n/a $236Glendora 91741 14 $510 7.3% 1 $381 16.2% $290La Cañada Flintridge 91011 14 $1,165 42.1% 2 $710 30.3% $428La Verne 91750 15 $490 24.8% 7 $225 -27.9% $265Monrovia 91016 20 $602 100.7% 7 $331 -17.2% $347Pasadena 91101 1 $365 -27.0% 11 $395 15.3% $361Pasadena 91103 12 $373 49.0% 6 $470 21.2% $313Pasadena 91104 14 $590 51.3% 2 $368 103.0% $393Pasadena 91105 8 $868 -30.6% 5 $685 14.4% $453Pasadena 91106 8 $1,185 9.7% 16 $333 6.6% $529Pasadena 91107 15 $843 74.2% 7 $350 5.9% $382Rosemead 91770 10 $395 5.4% 2 $377 30.9% $314San Gabriel 91775 8 $524 -5.7% n/a n/a n/a $396San Gabriel 91776 10 $530 19.9% 6 $352 -8.3% $368San Marino 91108 10 $1,550 -39.2% n/a n/a n/a $639Sierra Madre 91024 10 $523 -42.6% 4 $522 151.1% $475Temple City 91780 13 $575 12.7% 7 $480 20.3% $381

Source: DQNews.com

February 2013

April 2013

7Arcadia REALTOR® Magazine

6

(626) 831-8862www.morrisoninspects.com 7

AAR New MembersThe Arcadia Association of REALTORS® would like to formally welcome our newest REALTOR® members!

AAR new members with Membership Committee Vice-Chairman, Cindy Shiao and Committee Chairman, Alma Aguilar are (in no particular order): John MacLean, Showcase Homes Realty & Investment; Kent Chen, Treeline Realty & Investment; Handoko Chen, Lee & Associates Investment; Andrea Barrett, Podley Properties; Renfei Ma, Coldwell Banker Dynasty Temple City; Charline Gallagher, Coldwell Banker Arcadia; Allen Xu, IRN Realty; Gail Talbott, Dilbeck Real Estate; Alex Lee, Re/Max Elite Realty; Xiao Chen, IRN Realty; Miguel Don, Property Finders; Shaun Radcliffe, Miars, REALTOR®; Pyung Kim, Long Dragon Realty; Pamela Nahabedian, Coldwell Banker Dynasty Arcadia; Salma Baqai, Castlewood Corporation; Jeanette Guan, Guan, Jeanette Jing REALTOR®; Wenwei Lei, Highland Real Estate; Erika Yu, Treeline Realty & Investment; Maria Elena Cerda, Century 21 Dynasty; Le Minh Hua, Century 21 Adams & Barnes; Eric Chee, Zip Realty, Inc.; Milan Mi, VasTree Real Estate; Tiffany Salvador, Keller Williams West Foothills; Lee Ling Chu, Long Dragon Realty; Deanna Ko, Coldwell Banker Arcadia; Chin Chau, Resource Real Estate Services; Phuong Piekarsa, Treeline Realty & Investment; Chingying Doughten, IRN Realty; Robin White, Grandmark Realty Inc.; Anita Wong, Grandmark Realty Inc,; Guangchuan Peng, Highland Real Estate; Evan Yeh, Re/Max Omega; Quentin Tang, Highland Real Estate and Franklin Chang, Long Dragon Realty.

8April 2013

“Looking Forward...”By Roy Blume, Commercial / Investment Committee Chairman

I would like to begin by thanking Mike Vachani for his guidance and mentoring this past year. This year I am honored to serve as your Chairman along with my two Vice-Chairmen Nick Zigic and Fred Madjar. We have plenty of returning members and I would like to invite any members of the AAR to join our committee. You

don’t have to have commercial experience. I was a guest three years ago and was so impressed by the education that was offered by this committee that I was inclined to join. If you have an interest in commercial real estate or perhaps have done a few deals and would like to learn different skills that will enhance your commercial and investment transactions then please come and visit with us.

The Commercial / Investment Committee meets the first Thursday of every month at 9:30 a.m. in the AAR Building. Directly after our committee meeting we have a networking mixer and an educational class that runs for an hour or so. Each month there is a commercial related topic and speaker that starts at 11:00 a.m. You will be introduced to new selling, marketing and listing skills. There are follow up classes that relate to the guest speaker and their topic. We will even offer you lunch so come hungry for knowledge and food. In addition, if you have a property that you would like to pitch we have a format and forum for that as well. It will be a morning well spent with other commercial practitioners.

We have an exceptional year planned that is full of top notch subjects that will include a Commercial Education Day towards the latter part of the year. This Education Day will greatly benefit you, our member by having a panel of speakers and events that will stimulate your commercial juices.

For more information on the Commercial / Investment Committee and its meetings, contact Roy Blume at (626) 786-4011 or the AAR office at (626) 446-2115.

Arcadia Chamber of CommercePresents Award to AAR

The Arcadia Chamber of Commerce recently announced its first-ever Corporate Community Contributor award. The award recognizes the contributions to the community by a Chamber business member. For its inception year, the Chamber presented this award to the Arcadia Association of REALTORS® at their Installation Dinner on March 21st.

The past year, the Arcadia Association of REALTORS® donated more than $11,000 to local non-profit groups such as the Assistance League of Arcadia, the school district’s Performing Arts Center and Arcadia-based Friends of Foster Children. The AAR has also sponsored the Arcadia Youth Basketball League last year and donated more than $21,000 to charities in 2011.

“We are pleased to initiate this new annual award to good corporate citizens”, said Chamber President Pete Siberell. “The Arcadia Association of REALTORS® is an ideal inaugural recipient since they represent more than 2, 000 business members who all contribute to the organization’s laudable efforts to support the community”.

“We are extremely honored to receive this first-time award from the Arcadia Chamber of Commerce”, stated Andy Bencosme, AAR 2013 President. “We take great pride in raising money for local charities and being recognized for that by our own community is truly humbling. We share this award with our incredible group of volunteers who plan and organize all our fundraising events”. AAR Executive Vice President, Andrew Cooper

accepts the award on behalf of the AAR.

Standing (left to right): Julie Nguyen, Kai Wu, Jackie Ramos, Liem Ho, Yolanda Vidales, Suzie Archuleta, Luly Goodmand and Jojo Ong.Sitting (left to right): Terri Fabbri, Alexis Ostensen, Kay Gass and Shelly Malicek

128 East Huntington DriveArcadia, CA 91006

626.445.6137

Known for the integrity of our intent and quality of our actions, we have the confi dence to do what is required, the courage to move the process along to

successful completion, and the compassion to listen to needs of all parties involved.

Design Escrow, Inc.

AAR Hosts SRES Designation CourseThe Arcadia Association of REALTORS® had the honor of recently offering the Senior Real Estate Specialist (SRES)

Designation Course. For two days, instructor Ginni Field, of Oceanside, California offered her expertise and knowledge to each of the attendees. A total of 28 students joined together in determination to gain their SRES Designations. By earning the SRES Designation, they have demonstrated the necessary knowledge and expertise to counsel clients age 50+ through major financial and lifestyle transitions involved in relocating, refinancing, or selling the family home. They have received

special training, get regular updates, and are prepared to offer the options and information needed in making life changing decisions. Congratulations to the newest SRES Designees!

SRES Designees with the course instructors are (in alphabetical order): Sarah Barron, Diana Baylor, Pamela Bergman, Camille Brausam, Anthony Chiofalo, Janice DeNuto, Ginni Field, Instructor; Sylvia Gandara, Nadeem Haddad, Diana Chen-Hayashida, Caroline Khabbaz,

Stephen Kuns, Patricia Lafosse, Lily Lam, Samuel Lin, Socorro Lopo, Cynthia Marrone, John Medel, James Miller, Carolina Ruiz, Kaley Schiltz, Ada Scofield, Carlotta Swift, Ana Tengco, William Tong, Steve Voors, Bill Worden, Stella Worden and Anne Yang.

The Arcadia Association of Realtors® and Supra are hosting a

Lockbox Exchange at BizN.E.T. 2013!(Lockbox Exchange is Limited to AAR Members ONLY)

Please bring your old lockboxes and exchange them for new low energy Bluetooth lockboxes (BT LE). You must be an active AARagent in order to participate.

See the strict appointment schedule below and what to bring with you.Important Reminder: During the swap of lockboxes, there may be listings that do not have a lockbox on them. Please call before showing to ensure you have access.

Please bring with you to the exchange event:• A government issued photo ID

• Your assigned blue lockboxes, exchanged 1 for 1

Please Note:Please make sure that your old lockbox inventory is accurate prior to coming to the event. Only lockboxes that are assigned to you will be exchanged.

Check the schedule to see where your LAST NAME falls alphabetically. Avoid Real Estate showings close to your appointment time. If you cannot come at your appointed time, please trade with another agent. Allow 90 minutes to exchange your lockboxes. Take advantage of BizN.E.T. 2013 when you exchange your lockboxes!

Time Last Name Time Last Name 9:00 AM AAAA - ARIS 12:00 PM LEEC - LIU9:15 AM ARRI - BEZJ 12:15 PM LO - MAN9:30 AM BI - CHAN F 12:30 PM CLOSED FOR LUNCH9:45 AM CHAN H - CHEN M 1:45 PM MANS - MYLE

10:00 AM CHEN N - CHUA 2:00 PM NAGA - PEDR10:15 AM CHUI - DESP 2:15 PM PEKE - RIZZ10:30 AM DIAZ - GABR 2:30 PM ROA - SOLI10:45 AM GALL - HEDA 2:45 PM SONG - TAYL11:00 AM HEDL - HSU 3:00 PM TEEG - VERA11:15 AM HU - JOHN 3:15 PM VILL - WONG11:30 AM JONE - LAI 3:30 PM WU - YOUN11:45 AM LAM - LEE 3:45 PM YU - ZZZZ

(Lockbox Exchange is Limited to AAR Members ONLY)

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A Look at What’s Happening Around the AARthroughthe lens

Events 4 Charity Day at the Races - Santa Anita Racetrack

- March 15, 2013

10April 2013

1111Arcadia REALTOR® Magazine

Affiliate Corner“Why the Notarial Act is More Important Than Ever”

By Stephanie Jordan, Independent Mobile Notary

Trust. It is a simple word, yet it means so much in today’s modern world. Trust is the currency that allows people who do not know each other to enter into contracts every day. It allows society to function, even when we are given a multitude of reasons to not trust. Gone are the days when you

personally knew who you were getting into business with, when deals were sealed by a handshake, and trust was evident. Today, we communicate with strangers in another part of the world via Skype, business documents are now multi-page heaps, and the risk of fraud in real estate transactions is greater than ever.

With all of the risk involved, how do you ensure that you and your clients are protected? You make sure that you have a partner who is impartial and unbiased. One who understands the rule of law and ensures the reliability of a transaction. There is a process in place to ensure the integrity of the entire transaction, from verifying the signer, to ensuring the completeness of the document, and confirming the intent or capacity of the signer.

This process is called notarization.

The two most common types of notarizations (or “notarial acts”) used in real property transactions are acknowledgments and jurats. Each type of notarization has a specific purpose and use, but all help engender trust and facilitate commerce.

The acknowledgment is the form most frequently used in the notarial act. An acknowledgment is a notarial act where the

signer affirms that he signed the document, understands the document, and is aware of the consequences of signing the document. The signer also indicates that he was not coerced into signing the document, but instead did so of his own free will. Acknowledgments are frequently used on documents such as deeds and powers of attorney. These documents need not be signed in the presence of the notary, but may be signed before the notary completes the notarial act.

The jurat is the second most commonly used form in the notarial act. In executing a jurat, the signer indicates that he swore (or affirmed) under penalty of perjury that the information on the document is the truth. Unlike an acknowledgment, the document must be signed in the presence of the notary on the date indicated on the jurat.

When you are nearing the end of your real property transaction, the notary or Signing Agent steps in to facilitate completion of the loan documents. Many escrow officers are also notaries. However, if your client is not able to go to the escrow office to sign the loan documents, you should choose a partner who understands that they are a direct reflection of you. Be sure that your partner has additional training specifically in the area of loan signings, and that they understand that your most valuable commodity is trust.

Stephanie Jordan has been an independent mobile Notary for five years, and has been certified as a Loan Signing Agent through the National Notary Association. To contact her, call (909) 838-2430 or email her at [email protected].

E4C Wine and Cheese Tasting for CharityRecently, the AAR Events 4 Charity Auxiliary held a Wine and Cheese Tasting event at California Wine & Cheese in beautiful downtown Monrovia. This event raised a total of $1,541.38 for local charities. We sincerely thank those who volunteered and those who attended to help make this event a huge success!

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www.DownstreamExchange.com

909 East Green Street, Pasadena CA 91106-2930

Phone: (800) 743-1031Fax: (626) 796-8222

C. Anthony Phillips, CPA President

We Provide A Complete Service To Successfully Accomplish Tax Deferred Exchanges

®

Pre-Exchange Tax Planning

Accommodation of Tax Deferred Exchange

Post Exchange Tax Planning

Call for your free Exchange Tax Analysis

Arcadia Association of REALTORS®601 South First AvenueArcadia, California 91006

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• Estate Planning• Trust Administration• Probate• Business Law• Commercial Transactions• Corporation, LLC & Partnership Formations• Business Contracts

Romy S. Rahmanian, Attorney

(626) 869-878733 East Huntington Drive • Arcadia, CA 91006

Call today for a free consultation

(626) 869-8787(626) 869-8787

[email protected] • www.RahmanianLaw.com

Dedicated to Providing High Quality Legal Services

(626) 869-8787

Call today for a free consultation

33 East Huntington Drive • Arcadia, CA [email protected] • www.RahmanianLaw.com

“45-Hour Continuing Education Review & Exams”

Thursday, April 25, 2013DEADLINE TO REGISTER: April 23, 2013

9:00 a.m. to 12:00 p.m.AAR Building

Cost: $70

Study materials must be picked up from the Association prior to the seminar or shipped at an extra fee of $5.

Visit www.TheAAR.com for more details and to register

Arcadia REALTOR Magazine - April 2013

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