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06-13-2006

Member Legal Services has again revised the legal memorandum, Advertising by REALTORS®, (June 6, 2006). It is available on Legal's What's New and the Legal Memoranda pages on C.A.R. Online.

Question 7 has been added to address the issue of whether the law requires the use of the DRE license number in advertising. This has been a frequently-asked question on the Legal Hotline. The most recent Legal Quiz also addresses this question.

Member Legal Services has updated Legal Online on June 8, 2006 with the inclusion of a left-hand tab titled Real Estate Cases. This page is also available on Legal's What's New and the Real Estate Law & Resources pages on C.A.R. Online.

Important cases having a significant impact on REALTORS® are periodically added to the chart. The chart contains a link to a summary of the case as well as the text of the actual case. The most recent addition to the chart is U.S. v. Niro which deals with the issue of lender fraud by overvaluation of the sales price of a property.

California REALTOR® EXP0 2006, the state's largest real estate trade show, draws thousands of California's key franchise execs, top producers, and movers and shakers every year for educational, networking and professional development opportunities.

In addition, hundreds of top industry vendors and service providers showcase their latest products and information in the Exhibit Hall. And, a special pre-EXPO event, Tech Tuesday, features a full day of comprehensive training geared toward assisting today's REALTOR® to stay on the cutting edge of real estate technology.

Don't miss your chance to hone your professional knowledge and network with peers at the California REALTOR® EXP0 2006 at the Long Beach Convention Center. October 17 - 19, 2006 at the Long Beach Convention Center

3/28/2006 - RENEW YOUR WINFORMS® SOFTWARE BY MARCH 31

Both WINForms Online® and WINForms® Desktop electronic forms software, used by more than 110,000 REALTORS® statewide, must be renewed by March 31 so that you can continue using this free member benefit. Please read the brief instructions below for more information on renewing the version of the software you are using.

How do I renew WINForms Online®?
As a Web-based software program, WINForms Online® will automatically prompt you with a renewal screen beginning March 1. Just follow the simple prompts and click on the "I Accept" button to accept the License Agreement to renew your software for another term of use. You must renew WINForms Online® by March 31 or the software will expire.

How do I renew WINForms® Desktop?
Beginning March 1, WINForms® Desktop will prompt you to renew the product every time you access the software. Click on "Renew now," accept the License Agreement and you will have access to the software for another term of use. You must renew WINForms® Desktop by March 31 or the software will expire. Please note: You must be connected to the Internet to successfully renew the software. To ensure a smooth renewal process, configure your security/firewall software to allow WINForms®. For more information about configuring the Norton, McAfee or Zone Alarm products, visit http://winforms.com/faq/faq.html.

3/28/2006 - LEADING INDEX SIGNALS ECONOMIC GROWTH IN THE NEAR TERM

The U.S. leading index, a key barometer of economic conditions, declined 0.2 percent to 139.0 (1996=100) in February after increasing the previous four months, The Conference Board recently reported. Five of the 10 indicators composing the leading index increased last month, including manufacturers' orders for nondefense capital goods, real money supply, average weekly manufacturing hours, manufacturers' orders for consumer goods, and interest rate spread. Despite the decline, the leading index suggests economic growth is "likely to pick up in the near term," according to the report.

The coincident and lagging indices, which reflect current and past economic activity, respectively, increased in February. The coincident index edged up 0.3 percent to 122.1, while the lagging index rose 0.1 percent to 122.6.

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