By Kay Wilson-Bolton
President, Ventura County Coastal Assn of REALTORS®
October 10, 2000
This has been a particularly busy year in the life of our Association in the legislative arena. A large percentage of the bills presented in Sacramento each year deal is some way with real estate, from credit scoring to property management and water supplies.
Governor Davis has just signed the Credit Scoring bill, which gives consumers access to their credit scores. This is a great victory for consumers who have been previously denied information as to quality of their credit score and how it was determined.
A similar bill has been introduced in Washington to effect this change nationwide.
This consumer benefit affects real estate in that more potential homeowners can plan to work on improving their scores and taking steps to protect it.
In another area of land use, the California Association of REALTORS® was instrumental in promoting the need to define the words “Smart Growth”. Until such time as the terms has broad understanding and definition, the REALTOR® organization will not support legislation that promotes it.
AB 1838 (Leonard) “FPPC Conflict of Interest Legislation” was signed into law by the Governor. This bill was sponsored by the California Association of REALTORS® and gives direction to the Fair Political Practices Commission to reform the conflict-of-interest rules to allow REALTORS® and other local elected officials to participate in local decisions if they do not have a direct interest in it. This will allow them to vote on a broad arrange of business-climate issues affecting the public generally and clarify that individuals are not disqualified solely by virtue of their status as licensees.
Growth issues are high on the list as cities look at updating the housing elements of their General Plans. Cities are required to update their Housing Elements every give years, according to State housing element law.
Mansionization is an interesting new development in California housing patterns of construction and remodeling in older neighborhoods with small to medium sized homes. In many of these neighborhoods, which are close to being completely built-out, have experienced tremendous jumps in real estate prices. Developers and homeowners are tearing down the existing homes and building larger, more extravagant ones.
The process, sometimes referred to as mansionization, is a response to incredible land costs. Not surprisingly, it has created controversy in many communities.
The continuing demand for housing and the strain from tightening affordability factors is creating a unique set of considerations for cities and would-be homeowners.
The Ventura County Coastal Association of REALTORS® has a local government relations committee chaired by Nancy Stepp who works closely with Faith Cosby on Political Action Committees. Although the organization is comprised of regional memberships, REALTORS® work actively in their own communities
When buying or selling your next home, choose a REALTOR®. There is a difference and you can benefit. For more information, contact Kay Runnion, Interim CEO, Ventura County Coastal Assn of REALTORS® at 981.2100. Our website is http://www.vc-realtors.com