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Video Overview of SF's Community Opportunity to Purchase Act (COPA)

COPA went into effect on Tuesday, September 3. Watch our new video on what this means for your transactions as a REALTOR®. Thanks to SFAR's Standard Forms Committee leads Dan Hershkowitz and Neal Corkery for participating!

September is REALTOR® Safety Month

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Thank you to Lee Goldstein, founder and CEO of Real Safe Agent, for leading an informative session this week on staying safe while doing business. Lee has generously shared his book Safe Selling: A Practical Guide for Preventing Crime without Sacrificing the Sale with SFAR's members. Please download the PDF and use it as a resource. Also, here are links to 50 of Lee's videos to provide further information. Stay safe! 

Updated COPA Advisory (as of September 4, 2019)

The Community Opportunity to Purchase Act (COPA) went into effect on Tuesday, September 3. Ready SFAR's latest Advisory to know how it impacts your transactions.

SFAR's COPA Advisory of September 4, 2019

SEPTEMBER FORMS UPDATE

The September zipForm release will include 9 new forms to assist agents with the Community Opportunity to Purchase Act (COPA) which is scheduled to go into effect on Tuesday, September 3, 2019. That law provides that certain (currently 5) San Francisco Qualified Nonprofit Organizations (QNOs) will be given both a right of first offer and a right of first refusal to buy a 3+ unit San Francisco residential building. Mixed-use buildings and vacant lots zoned for 3+ units are included in COPA. The 9 forms have COPA1 through COPA9 in the footer and they provide a road map of what is needed at each stage of marketing a 3+ unit building. Agents who regularly list such buildings should create a Template in zipForm, consisting of all 9 forms, to apply to potential listings.

COPA1 is the key. It gives the list of the QNOs determined by the Mayor's Office of Housing and Community Development (MOH) to be given the opportunity to buy such buildings and on page 2 describes the full process. The other 8 forms include a Listing Addendum, a Purchase Addendum, a Property Description, Notification forms, and in COPA9, a Certification to be submitted to MOH after a closing that the law was followed. Look out for an Association video on the new COPA forms.

Other forms in the September release include updates to the RENT-SF and SDC-SF forms to reflect the increase in the annual Rent Board fee charged to landlords for each rental unit from $45 to $50, effective this calendar year (July 1, 2019 to June 30, 2020). The local Disclosures and Disclaimers Advisory (GIBS-SF), which acts as an adjunct to CAR's SBSA (Statewide Buyer and Seller Advisory), has been updated to include advice to principals to download documents from weblinks referred to in GIBS while their transaction is active, since those weblinks, and the documents themselves, can change over time. The Soft Story Ordinance Advisory (SSBR-SF) has had weblinks within it updated and the Cooperative Apartment Purchase Addendum (CAPA-SF) has an update covering the circumstance of a lost Stock Certificate. 

In practice - if you have forms in a Template that you know have been updated, you should probably replace them with the latest version. When applying a Template to a newly created transaction, zipForm will always bring in the latest version of a form. But what you should not do is start a new transaction by copying a previous one, because that will include the older versions of forms. zipForm always preserves which version of a form was used in a transaction for historical integrity reasons.

As always, if you have questions or recommendations for new forms or updates, please e-mail This email address is being protected from spambots. You need JavaScript enabled to view it., copying the Association's attorney, This email address is being protected from spambots. You need JavaScript enabled to view it.. Many thanks to the 2019 Chair and Vice-Chair of your Standard Forms Committee, Dan Hershkowitz and Neal Corkery, and a special thanks to its Committee Member, David Parry, for their dedication and hard work.

Sponsorship Information Now Available for the 2019 SFAR EXPO on October 3

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Preparations are underway for this year's San Francisco Association of REALTORS® EXPO on Thursday, October 3 at the Holiday Inn Golden Gateway. Last year more than 900 SFAR members attended the event and heard from industry-leading speakers, mingled at networking sessions, and interacted with more than 30 sponsors showcasing real estate-specific products and services. 


Sponsors are a very important part of the EXPO. 

 

Here is a link to the 2019 SFAR EXPO Sponsorship & Exhibitor brochure. It details the sponsorship levels and benefits companies can secure. As you know, EXPO is an incredible way for real estate-focused businesses to get exposure to hundreds of REALTORS® from across San Francisco. 


Please forward this brochure to contacts at companies you think might like to be 2019 EXPO sponsors. Note: the deadline to secure sponsorships is Friday, September 6. 

 

** Please copy This email address is being protected from spambots. You need JavaScript enabled to view it.in your emails to potential sponsors so we can track which companies are approached and minimize duplicate requests.**

 

Let us know if you have any questions. We are here to help potential sponsors select the right level for their business needs. 

 

Looking forward to another successful EXPO on October 3!

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