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19th Annual State of the Community Luncheon by the Chatsworth-Porter Ranch Chamber of Commerce
Date: Thursday, October 14
Time: 11:30am-1:30pm PST
Visit Chamer websit for detail.
*Proof of Vaccination / COVID Test Requirement: To gain access to the Luncheon, ALL attendees must show proof of FULL vaccination OR a negative COVID test taken in the last 72 hours.
Open Houses are now permitted for Residential and Commercial Real Estate following L.A. County Department of Public Health Guidelines.
Late Friday evening, the L.A. County Department of Public Health, posted an updated order. Reopening Safer At Work and in the Community For Covid-19.
The Health Officer Order (May 14, 2021) has been revised to update the guidance for professional services, including residential and commercial real estate, pg19.
t) Professional services, such as legal, payroll or accounting services, when necessary to assist in compliance with legally mandated activities, and the permitting, inspection, construction, transfer and recording of ownership of housing, including residential and commercial real estate and anything incidental thereto, provided that appointments and other residential viewings should occur virtually or, of a virtual viewing is not feasible, may be done by appointment, or by open house in adherence to the most current County Protocol for Informal Social Gatherings, attached to this order as Appendix CC Professional Services Businesses must review and follow the most current County Protocols for Social Distancing, attached to this Order as Appendix A;
This Health Officer Order and other pertinent information and resources can be found on the Los Angeles County Department of Public Health COVID-19 webpage.
Please check with your brokerage about any brokerage-specific guidelines or policies before scheduling any open houses.
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NAR Response to Biden’s Tax Proposals & New 1031 Like-Kind Exhange Info Packet
Last week, President Biden announced the second half of his infrastructure agenda which focuses on social programs or “human infrastructure” that the Administration will pay for with a host of tax increases that could have signficiant impacts on the real estate industry including limiting the deferral of gain from 1031 like-kind exchanges to $500,000, doubling the capital gains tax rate for households over $1 million, and taxing unrealized captial gains at death.
While NAR has concerns about the Biden Administration’s proposals, it is important to keep in mind that we are in the very early stages of this process, with many hurdles to overcome in Congress. Below, you’ll find a letter NAR sent to Treasury Secretary Janet Yellen oulining our concerns, as well as a REALTOR® Magazine article that includes NAR President Charlie Oppler’s response to the American Families Plan in which he expresses NAR's intention to continue working closely with the Administration so that they fully understand the impact these various proposals would have on real estate and the economy.
As NAR’s Vice President of Advocacy Policy Bryan Greene mentioned on The HUB earlier this week, there is a long legislative process ahead and these kinds of proposals always change. NAR believes most Members of Congress will understand the risks these proposed limits and tax hikes pose to the economy. There are countless stories to tell about the benefits of 1031s, and NAR had already launched a vigorous education campaign in Congress prior to the President’s proposal. We’ll be sure to keep you updated as the legislative process moves ahead.
REALTOR® Magazine: NAR Concerned About Tax Hikes in Biden’s Jobs Plan
NAR’s Letter to Treasury Secretary Janet Yellen (attached)
NAR 1031 Like-Kind Exchange Info Packet (attached) – this packet includes:
- 1031 Myth Busters Fact Sheet
- Op-Ed: The 1031 Like-Kind Exchange Is a Key Tool for Investing in Diverse & Inclusive
Communities by Dan Wagner, Inland Real Estate
- REALTOR® Magazine Article & Success Stories: 1031s Prove their Worth
- Real Estate 1031 Coalition Letter to Congress
- Op-Ed: Commercial Real Estate Needs Help Stabilizing by Shannon McGahn, NAR
NAR is looking for your clients stories
NAR's Advocacy Efforts to Protect Independent Contractors May 3, 2021
NAR has been educating policymakers on the importance of real estate professionals’ ability to be classified as independent contractors to the real estate industry, homeowners across the country, and to boosting the economy.
Fair Housing (fairhousingcalifornia.org) Find more information about Fair Housing, C.A.R.’s advocacy on behalf of underserved communities and tools to help California REALTORS® support the homeownership needs of all communities.
Thanks to Prop 19, homeowners aged 55+, people with severe disabilities and victims of natural disasters can move closer to family, medical care, or to a home that better meets their needs anywhere in California without a tax penalty.*
Visit the Prop 19 dedicated website for all the resources you and your clients need on
Prop 19, including these marketing materials on eligibility
People With Severe Disabilities
If your client lives with a severe or permanent disability, you can help them move to a new, more accessible home without incurring a tax hike.*
Victims of Wildfire and Natural Disasters
If your client is one of the tens of thousands of Californians whose family home has been destroyed or substantially damaged by wildfire, Prop 19 lets them move to a new home without incurring a tax hike.*
Homeowners Age 55+
If your client is a senior, retiree or older homeowner who feels trapped in a home that no longer fits their needs, you can help them move to a new home without incurring an increase in property tax.*
This video concisely explains Prop 19 and the opportunities available to your eligible clients.
What is Prop 19? - YouTube
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National Association of REALTORS
REALTOR Action Center https://realtorparty.realtor/
California Association of REALTORS
REALTOR Action Fund https://www.car.org/en/advocacy/PACSnRAF (Log in to car.org required)