WASHINGTON, D.C. – December 4, 2014 – (RealEstateRama) — On November 17, the Filipino American Real Estate Professional Association (FAREPA) of Northern California (with assistance from SAMCAR) served as host for the California Association of REALTORS®’® biannual Ethnic Real Estate Industry Associations’ Leadership Summit. The Summit is a gathering of the leaders of ethnic real estate organizations from throughout the state and C.A.R. to discuss issues affecting the organizations and how they can collaborate to better serve their constituencies, the overarching goals of C.A.R., and to meet the needs of home owners.
C.A.R. President Chris Kutzkey keynoted the event and was joined by C.A.R.s’ Vice President of Legislative Affairs Stan Weig and Adriana Guerrero-Ortega, C.A.R.’s Membership Development and Community Relations Manager. The Summit was facilitated by FAREPA President Paul Stewart and included representatives from the Asian Real Estate Association of America (AREAA), the National Association of Hispanic Real Estate Professionals (NAHREP), the Chinese American Real Estate Association (CAREA), FAREPA-Bay Area, the Chinese Real Estate Association of America (CREAA), the Korean American Real Estate Association (KAREA), and the Chinese American Real Estate Professional Association (CAREPA).
Focus of the Summit was on legislative issues including federal mortgage reform and the reemergence of split roll legislation; disintermediation of REALTORS® from the transaction; the evolution of multiple listing services and the threat from non-REALTOR® platforms; creation of a state Department of Housing; clarifying REALTORS® are independent contractors and not employees; and, expanding accessibility to credit for ethnic home buyers.
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