Update from CAR on SB133

http://www.car.org/3550/pdf/258383/333124

Update from CAR on SB133 affecting Title Reps. July 8, 2009

..."On a separate matter relating to title companies, we have more excellent news that impacts the title industry-sponsored SB133. A Legislative Counsel Opinion has been issued that confirms our understanding of this law as it relates to local Associations receiving advertising and other promotions from title companies. In brief, local Associations of

REALTORS(R) are not covered under this act and it is therefore inapplicable to them in most circumstances. The well-written and reasoned Legislative Counsel opinion is not law or regulation but is an authoritative statement by a credible arm of the Legislature, its Counsel. Therefore, SB133 can no longer be used as a viable explanation for declining to advertise with local associations. We read the rationale as applying equally to sponsorships, volunteer participation, use of staff, booth purchases and similar activities that title companies have traditionally participated in with local Associations. Of course, there are some exceptions when very specific benefits flow to individual members. "