Resources for Property Managers

Posted by Richard D'Ascoli on Apr 7, 2020 2:37:28 PM

PSAR launches Property Management Resource Page
PSAR will provide links and resources to property managers and landlords to help with information as we navigate the COVID-19 Crisis. It can be found here.

Judicial Council Suspends Evictions and Foreclosures
Among the actions the council approved, to go into effect immediately: Suspend the entry of defaults in eviction cases & Suspend judicial foreclosures. More information here.

CAR Releases two New Property Management Forms 4/6/2020
Form NTAP (Notice to Tenant of Ability to Pay Rent During Coronavirus Pandemic) is an informational notice that a landlord can send to a tenant for the purpose of starting a dialogue with the tenant regarding the payment of rent during the coronavirus pandemic.
Form RPD (Coronavirus Rent Payment Delay and Repayment) is an addendum to a residential lease or rental agreement that, when agreed to and signed by the landlord and tenant, documents the tenant’s claim that the tenant is unable to pay rent and the reason for the inability; proof of the inability to pay; the amount of the rent not being paid; and a plan to pay it in the future.

Topics: Announcements, Market Information

County mandates Business notices

Posted by PSAR Communication on Apr 7, 2020 2:30:35 PM


By Order of the San Diego County Public Health Officer

No later than 12:00 a.m. on April 7, 2020:

All businesses that remain in operation in accordance with the Order and that allow members of the public to enter a facility must prepare and post a “Social Distancing and Sanitation Protocol” for each of their facilities open to the public. The Social Distancing and Sanitation Protocol must be posted at or near the entrance of the relevant facility, and shall be easily viewable by the public and employees.

A fillable Social Distancing Protocol template can be found here and utilized to fulfill this requirement.

A copy of the Social Distancing and Sanitation Protocol must also be provided to each employee performing work at the facility.

All businesses shall implement the Social Distancing and Sanitation Protocol and provide evidence of its implementation to any authority enforcing this Order upon demand.

The Social Distancing and Sanitation Protocol must ensure all required measures are implemented and must identify and require measures necessary to implement social distancing and sanitation at that facility.

If the measures identified and implemented are not effective in maintaining proper social distancing and sanitation, additional measures shall be identified and implemented or the facility shall be closed.

Effective Saturday, April 4, 2020:  All employees who may have contact with the public in any grocery store, pharmacy/drug store, convenience store, gas station, restaurant or other business establishment that serves food shall wear a cloth face covering as described in the California Department of Public Health Face Covering Guidance

Use of Cloth Face Coverings to Help Slow the Spread of COVID-19

From the Center for Disease Control and Prevention (CDC) - Click Here

Step-by-Step Instructions to Make a Fabric Face Mask

For those interested in making masks to wear in nonclinical settings or for personal use, Kaiser Permanente offers step-by-step instructions and an accompanying how-to video. Even homemade masks need to meet certain specifications in order to be effective. Please, if you are sharing the community masks you are making with others, masks should be washed before wear. - Mask Instructions  - 


Topics: Announcements, Industry

How has The Market been infected?

Posted by Rick Griffin on Apr 3, 2020 4:56:18 PM

Southern California Housing Forecast

Southern California Housing Forecast Live Every Wednesday - 10:00 am

What will be the state of our real estate profession, and both local and national economies, after the COVID-19 pandemic is passed? Will the “new norm” of mandated adaptions we have made during the crisis become permanent?

Economist Steven Thomas, publisher of “Reports on Housing,” recently spoke to PSAR members on Wednesday during a virtual "Zoom Meeting"and offered several interesting insights. Since 2004, Thomas has been publishing “Reports on Housing,” a monthly report for real estate professionals. The report tracks regional demand, inventory, distressed homes and market data. It also shares what buyers, sellers and real estate professionals are experiencing in the trenches. He will be providing a new live report next Wednesday, April 8th at 10:00 am. (and every Wednesday till April 29th)

Thomas is a California real estate broker with decades of real estate experience. He has a degree in Quantitative Economics and Decision Sciences from the University of California San Diego. He has been quoted in news stories published by the Orange County Register, Los Angeles Times, San Diego Union-Tribune, The Wall Street Journal, Fortune, USA Today, Bloomberg, ABC, CBS and NBC television, Cox Cable Television, KNX 1070,-AM News Radio, KFI AM-640 Radio, blogs and Internet news sites. 

In the aftermath of COVID-19, Thomas’ predictions for the remainder of 2020 include:

• Initially, the coronavirus lock-down will limit new supply and damper demand
• Unfortunately, coronavirus fears have resulted in many more cautious fence-sitter buyers
• After the public health concerns subside, look for a more balanced market with fewer unrealistic, overpriced
  homes by sellers who refuse price reductions
• Expect a “tug-of-war” between buyers’ irrational thinking and market realities
• Low mortgage rates also will also stimulate demand and speed up the recovery. Rates are likely to remain in
  the 3 percent range
• The luxury market will be sluggish until 2021
• Overall, the Southern California housing market is projected to appreciate 3-to-5 percent by the end of 2020

blog411_04032020_slide5Thomas said don’t get discouraged by news media reports of Covid-19- caused low economic numbers. This temporary downturn differs from previous downturns in U.S. macroeconomic history

He said, “recession” does not equal “housing crisis.” Home prices appreciated during three of the last five recessions:1980 (6.1 percent), 1981 (3.5 percent) and 2001 (6.6 percent), while decreasing in 1991 (1.9 percent) and 2008 (19.7 percent)

According to Thomas, the economic hardship resulted from the government effectively ordering a nationwide recession by asking businesses to close and workers to stay home.  Much of the economic disruption will continue throughout the second quarter. Real GDP will decline not due to recessionary factors but, instead, in response to meet health objectives as an investment in public health

Among other observations from Thomas:

• The pandemic has changed the real estate industry virtually overnight and presented unprecedented obstacles for realtors accustomed to an in person, high-touch process. REALTORS® are encouraged to utilize long-standing technology to enable remote home closings and other steps of the transaction process.

• We must adapt to a “new norm” by using available technology solutions and ingenuity to drive sales and meet client expectations. It’s important that real estate professionals work together responsibly to ensure the safety of and service to each other and our clients.

• Thomas observed that COVID-19 is a shared American experience, a touchpoint for tens of millions of us who are facing the same crisis and its challenges, even if in different ways. We’re discovering that disruptive times like this can be a catalyst for mass unification around a shared experience.blog411_04032020_slide3

Prior to the coronavirus outbreak, the housing market was pumping on all cvc lenders. It was on the edge of the hottest spring market since 2013. Multiple offers were the norm, home values were on the rise, and there were not enough homes on the market to satisfy the voracious appetite of buyers. Low mortgage rates, in the 3-percent range, were also propelling the housing market surge.

In the month of February prior to COVID-19, sales of existing homes in San Diego County were 3.4 percent higher compared to January 2020, and 7.2 percent higher when compared to February 2019, according to the California Association of REALTORS®. The median sales price of an existing single-family home in San Diego County was $670,000, a $10,000 increase from the $660,000 figure for January 2020. A year ago, in February 2019, the median sales price in San Diego was $625,000, a 7.2 percent lower compared to February 2020. The median number of days an existing single-family home remained unsold on the market in San Diego County was 12 days in February 2020 before the Covid-19 impact. That compares to 23 days in January 2020 and 22 days in February 2019.


Thomas offers a free housing forecast webinar every Wednesday at 10:00 a.m. Registration is available at He sells a “Reports on Housing” monthly subscription for $15 per month or $150 per year. The regional reports feature a local real estate snapshot. One month free is available upon sign-up. Follow Thomas on YouTube, visit, and Facebook at @reportsOnHousing.


Review Steven's last presentation from April 1st, 2020.   View Slides    |    Watch recorded video

Co-Hosted by:

PACIFIC SOUTHWEST ASSOCIATION OF REALTORS®                North San Diego County Association of REALTORS®                      Orange CountyRealtors            

Topics: Announcements, Industry

New Guidelines released for Best Practices During COVID-19

Posted by Richard D'Ascoli on Mar 31, 2020 5:38:24 AM

The CALIFORNIA ASSOCIATION OF REALTORS® offers Best Practices Guidelines to assist agents in the safe practice of real estate. Following these guidelines will enable REALTORS® to demonstrate care for the health and well-being of clients, colleagues and the greater public welfare in reducing the risk of exposure to, and spread of, COVID-19, while providing the essential services of residential and commercial real estate recognized by the Department of Homeland Security as being necessary for the maintenance of America’s Critical Infrastructure. 

These guidelines reflect C.A.R.'s understanding of Governor Newsom’s stay-at-home order issued March 19, as updated by the “Advisory Memorandum on Identification of Essential Critical Infrastructure Workers During COVID-19 Response” from March 28, 2020, which expressly includes residential and commercial real estate, including settlement services, as essential services. These guidelines are being updates regularly as more information becomes available.


Topics: Announcements, Brokers/Managers, Marketing, Industry

Financial Help Is Here

Posted by Richard D'Ascoli on Mar 30, 2020 9:26:03 AM

Here is a list of some of the companies offering assistance and what
you can expect from them.

Financial help and infromation

Are you are worried about making payments now or in the near future?

Now is a good time to conserve resources for your family to weather this crisis for the foreseeable future.

NOW is the time for you to CONTACT your service providers! There is Coronavirus Mortgage, Rental, Credit Card, Auto and Personal Loan Relief but you have to ask for it!  - CLICK HERE -

REALTOR®s who have specific questions about the CARE act, unemployment or other COVID-19 benefits, call  C.A.R.’s COVID Relief Hotline by calling 1+(213) 351 8450,  Monday-Friday, 8:30 a.m. – 4:45 p.m.


Topics: Announcements, Brokers/Managers, Market Information, Industry


Posted by Rick Griffin on Mar 27, 2020 4:59:27 PM

PSAR town Hall

Our Virtual Town Halls offer a benefit to our members as we “live alone together”

The COVID-19 coronavirus pandemic has changed our lives in ways unimaginable over the past few weeks. It’s on every channel, every news website and part of every conversation. Shelter in place orders and self-quarantines are keeping millions of people around the world hunkered down in their homes. In our lifetime, we’ve never had a crisis of this magnitude.

PSAR is addressing this reality proactively, and one of the steps taken is to launch a twice-a-week Virtual Town Hall meeting to deliver Covid-19 news updates, valuable information and insights related to our industry.  These meetings start at 12:30 p.m. every Tuesday and Thursday, utilizing the Zoom online video conferencing platform. All PSAR members are invited to join these live meetings. Zoom membership is not required to participate. You can download the Zoom link and login number for future PSAR Virtual Town Hall meetings on the PSAR website (click button).

PSAR Real Estate Town Hall

Rich D’Ascoli, PSAR’s Chief Executive Officer, is the host of the meeting. Guests are invited to provide industry updates and information. Members are invited to share their experiences and accumulated knowledge of conducting business in a very challenging landscape.  The virtual aspect of these meetings in itself is instructional to members who want to learn more about how to use technology to enhance their own business practices.

“We’re concerned about how COVID-19 will impact our members personally, including the health of their businesses,” said D’Ascoli. “We know the coronavirus pandemic is leaving people feeling fragmented and disconnected. Nobody wants to spend their days in isolation. But, social distancing does not mean social isolation. We all still want to connect with each other and we’re learning how to do that in different ways.

“So, our Virtual Town Halls offer a benefit to our members as we 'live alone together'". We at PSAR and all of our association members will be here to keep you company. All of us are always at our best when we respond to challenges as a PSAR community. Right now, helping people get the right information to stay healthy and keep their businesses moving is more important than ever. We all have a role in this endeavor.”

On Thursday, March 26, nearly 200 PSAR members participated in the latest Virtual Town Hall meeting, which included appearances by Ernie Dronenburg, San Diego County Assessor-Recorder Clerk, Joel Singer, CEO of the California Association of REALTORS® (C.A.R.) and Kristian Hoysradt, Political Representative with the National Association of REALTORS® (NAR).

They offered various perspectives on the impact of the virus.

The C.A.R. and NAR representatives  announced the launch of microsites on their websites that will deliver COVID-19 updates. The C.A.R. site is at The NAR site is at

PSAR has a special COVID-19 landing page at  There is also a page with financial resources for REALTORS® and their clients  PSAR’s services during this crisis can be found here:  Following are some of the notable points that were brought out in the Thursday Town Hall meeting.

Dronenburg said his office is fully operational and all exemption programs are continuing without interruption. He’s also planning to send a letter to Gov. Newsom requesting that REALTORS® and real estate are deemed as “essential businesses.”

Singer discussed the recent “safer at home” guidelines for open houses. C.A.R. is recommending a cessation of all face-to-face marketing or sales activities, including showings, listing appointments, open houses and property inspections. Clients and other consumers are also subject to these orders and should not be visiting properties or conducting other business in person.

However, property management and repair work, which generally involves maintaining sanitary and safety conditions, is permissible. Additionally, many other aspects of the real estate industry can continue to occur without in-person contact, including documentation and signing, and in many circumstances, closings.

Singer  referenced the availability of a “Coronavirus Addendum” to the standard real estate buy-sell transaction contract. The addendum allows a party in a real estate transaction to terminate or suspend the transaction for up to 30 days in the event of “unforeseen circumstances, which the parties could not have anticipated or are beyond their control.” C.A.R. said travel restrictions, government required isolations and closures of business offices due to the COVID-19 pandemic could inhibit a buyer or seller from signing documents in person, preventing a close of escrow.

Governor. Newsom’s announcement of a 90-day mortgage grace period was also mentioned by Singer. More than 200 banks, including Wells Fargo, Citibank, JPMorgan Chase and U.S. Bank, have agreed to a moratorium on mortgage payments for homeowners. The Federal Deposit Insurance Corp. has asked banks to take “reasonable and prudent steps” to assist consumers affected by the pandemic. Likewise, the Federal Housing Finance Agency, the Federal Housing Administration and Fannie Mae said hardship forbearance should be an option for distressed borrowers.

Hoysradt, speaking from the NAR offices in Washington, D.C., talked about the historic $2.2 trillion emergency package that was nearing final approval on Friday. He said the rescue package, intended to help revive the American economy and prevent it from collapsing, will help millions of small businesses facing a coronavirus cash crush, and individual Americans caught in a COVID-19 lockdown who may be unable to pay bills. 

Among the bill’s provisions, individuals who earn $75,000 or less in adjusted gross income would get direct payments of $1,200 each, while those making more than $75,000 would see smaller direct payments. Those making $99,000 or more would be excluded entirely from the direct payments. The bill also provides for up to $350 billion in federally guaranteed loans for small businesses and $500 billion in loans for larger businesses affected by the pandemic and subsequent closures.

Emergency funds will also be funneled into unemployment benefits, increasing payouts to nearly 100 percent of lost wages.  Benefits payout timeframes will be extended an additional four months.  And gig workers and independent contractors for the first time will be eligible

“As we all continue to navigate our new normal together, PSAR is committed to ensuring our members have what they need to be productive and successful,” said D’Ascoli. “We recognize that our members rely on us, perhaps more than ever, to help them stay productive. We take that responsibility seriously.  I can assure our members that we are here to help and serve them.

“In that spirit, our Service Centers are remaining open, weekdays from 9 to 5 p.m, to receive phone calls, personal emails and those from our help page . All hands are “on deck”. Some staff members are available to provide in-person services at our Service Centers by appointment. For those in-person encounters, we will of course maintain a six-foot, social distance requirement in support of the CDC recommendations.  Everyone stay healthy and good luck to you!”



Topics: Announcements, Industry

How does the (CARES) act provide Relief for Realtors?

Posted by Richard D'Ascoli on Mar 26, 2020 11:05:51 AM

The Senate has just passed the Coronavirus aid, relief and economic security (CARES) Act, a stimulus package that will provide assistants to Realtors.   C.A.R. is closely monitoring the legislation.   Review CAR's update here.

CARES act provide Relief for Realtors?


Topics: Announcements, Brokers/Managers, Market Information, Industry

FHFA to Grant Flexibilities for Appraisal and Employment Verifications

Posted by Richard D'Ascoli on Mar 25, 2020 2:49:06 PM
Federal Housing Finance Agency

FHFA Directs Enterprises to Grant Flexibilities for Appraisal and Employment Verifications
To facilitate liquidity in the mortgage market during the corona virus national emergency, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac (the Enterprises) to provide alternative flexibilities to satisfy appraisal requirements and employment verification requirements through....(click here)

Federal Housing Finance Agency

Topics: Announcements, Brokers/Managers, Market Information, Industry

Temporary Feature – “Ask DRE Licensing” By Email

Posted by Richard D'Ascoli on Mar 25, 2020 1:27:56 PM
California Department of Real Estate

Temporary Feature – “Ask DRE Licensing” By Email


In addition to our public phone line, DRE is temporarily answering Licensing related questions by email at

Staff responding to these emails will have access to limited information and can only answer general licensing and examination questions, such as how do I apply for a license or what are the requirements to renew a license, etc. This email feature cannot provide information about individual applicant statuses, such as when will my renewal be processed, when will my exam be scheduled or why did I get a deficiency letter. For specific questions about application statuses, please contact Licensing at (877) 373-4542.

Emails will be answered in the order they are received. Please expect a 48 hour turn around for an emailed response. Also, be sure to check your spam or junk folders for responses.

Thank you,
Department of Real Estate
Licensing Program


Topics: Announcements, Brokers/Managers, Market Information, Industry

C.A.R.'s Issues Guidance on Governor's Stay-at-Home Order

Posted by Richard D'Ascoli on Mar 21, 2020 5:09:42 PM

C.A.R. has issued guidance on the Governor's stay at home order.  This is not guidance from PSAR or our Board of Directors.  CAR has a legal team that is qualified to interpret and opine on legal matters.  Please consult your own legal council for advice and consult.  PSAR, CAR and NAR leaders continue to communicate with officials to educate them about the real estate business in this time of crisis.  


For more information please follow this link: 

car banner


Topics: Announcements, Brokers/Managers, Market Information, Industry