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TIC/Condominium Conversion General Information Advisory

The City and County of San Francisco recently enacted Ordinance No. 117-13 commonly known as the "Expedited Conversion Program." According to the Board of Supervisors' website, this new law becomes effective Monday, July 29, 2013. Once effective, it appears that this new law among other things:

• Applies to TICs existing under written agreements fully signed on or before April 15, 2013;
• Suspends the existing condo lottery for at least 10 years;
• Will be phased in over 7 years with preferences for the length of owner-occupancy and other factors;
• Limits eligibility based upon a building's eviction history;
• Grants existing tenants the right to buy or take a lifetime lease for the unit they occupy;
• Disallows 5-6 unit buildings from the general condo lottery when it resumes;
• Increases owner-occupancy requirements for 3-4 unit buildings;
• Is inapplicable to 2-unit buildings and the "condo bypass rule";
• Imposes an additional fee of up to $20,000 per unit (lower amounts depending upon years in the lottery); and,

If anyone files a lawsuit, there is a "poison pill" provision which, depending upon whether a claimant challenges the 10+ year general condo lottery suspension, the lifetime lease provision or both, (a) suspends the new program except for certain limited exemptions and (b) if the claimant completely prevails results in no conversions whatsoever until January 1, 2024 (and if a claimant partially wins, a mandate to the Board of Supervisors to try to pass a workaround).

(Link to new law: http://www.sfbos.org/ftp/uploadedfiles/bdsupvrs/ordinances13/o0117-13.pdf. Link to general information on the City's condominium conversion program from its Department of Public Works: http://www.sfdpw.org/index.aspx?page=1242.)

SFAR Members can find a copy of the above advisory in the San Francisco Forms Library

Gas and Hazardous Liquid Transmission Pipeline Addendum

Effective July 1, 2013, a new law went into effect requireing all residential real property purchase agreements to contain the following notice:

NOTICE REGARDING GAS AND HAZARDOUS LIQUID TRANSMISSION PIPELINES

Effective July 1, 2013, a new law went into effect requireing all residential real property purchase agreements to contain the following notice:

This notice is being provided simply to inform you that information about the general location of gas and hazardous liquid transmission pipelines is available to the public via the National Pipeline Mapping System (NPMS) Internet Web site maintained by the United States Department of Transportation at http://www.npms.phmsa.dot.gov/. To seek further information about possible transmission pipelines near the property, you may contact your local gas utility or other pipeline operators in the area. Contact information for pipeline operators is searchable by ZIP Code and county on the NPMS Internet Web site.

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2014 Dues Billing Inserts

Please click on the links below to view the 2014 Dues Billing Inserts.

Insert 1 - Addendum to Billing Statement

Insert 2 - Annual Dues Billing Notices

Insert 3 - Legal Action Fund Dues Billing

Insert 4 - Why Support the REALTOR® Action Fund (RAF)

Have You Taken the Mandated REALTORS® Code of Ethics Training?

Between January 1, 2013, and December 31, 2016, every REALTOR®, and for successive four-year periods thereafter, as a condition of membership, is required to complete a 2 1/2 hours REALTORS'® Code of Ethics training course. The training must meet specific learning objectives and criteriea established by the National Association of REALTORS®, and must be repeated each cycle, to ensure that members will understand and abide by NAR's strict code of ethics and standards of practice.

New members of the San Francisco Association of REALTORS® are required to complete an orientation course on the Code of Ethics within 25 days of their acceptance as a REALTOR® member in accordance with the Association's bylaws.  If a new member fails to take the course within the 25-day time frame, he or she will have their membership placed on inactive status until the requirement is fulfilled.   

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Standard Forms Update

SFAR is pleased to announce that the following revised forms are now available on all electronic platforms with the exception of the Listing Agreement, which is available on the SFAR and Instanet platforms only. The revised forms can be found by logging into the the SFAR website and clicking on the San Francisco Forms library under the Documents Tab.

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