Monday, July 11, 2011

GTAR Weekly Facts – July 11, 2011

July CE Classes
For more information and to enroll: log on to, click the red Education bar on the Member Services page, then click Register for Classes. All classes are $15 pre-registered and $20 day of class, unless otherwise noted. All classes are held in the GTAR Training Center.
THIS WEEK! Encore Presentation: The New HUD Internet Training: Wednesday, July 13, 1:00 – 4:00 p.m.; Mary Berry (req. HOT CE)
Are Your Assets Covered?
Be aware of the most litigious items in real estate and how to reduce your risk as much as possible. Be aware of things within the contract, as well as your other paperwork that can help you manage your risk. Attend Risk Management: Covering Your Assets and Reducing Your Liability, Thursday, July 14, 9:00 a.m.-12:00 p.m. with Lori Morgan. OREC approved: 3 hours elective CE. For course details and online registration: from the Main Menu, click on the red Education bar, then click Register for Classes.
OK Broker Relationships: Monday, July 18, 1:00 – 4:00 p.m.; Ann Lloyd (req. BRA)
REALTOR® Ethics: Thursday, July 21, 1:00 – 4:00 p.m.; (req. PSC); No Cost
Bing Map Road Style Change
Effective Saturday, July 9, Bing Maps will be changing the Map Road style in TEMPO. Bing is discontinuing the current map style. The new style looks different than the current style and can be previewed at 
Buying Key Boxes Online?
When purchasing key boxes online, make sure the boxes have been deprogrammed. We can program a deprogrammed box to work with our MLS, but we cannot program a box that is associated with another MLS. Buyer Beware: Key boxes purchased online are not covered under NORES’ warranty.
Fannie, Freddie Conflicts-of-Interest Rules
Questions have been raised about conflicts of interest and other policies applicable to REO properties acquired by Fannie Mae and Freddie Mac. Brokers can lose their current and future REO listings for violations, so it’s important to understand these policies. Summary of the rules.
Webinar: Bed Bugs: Know Them, Eliminate Them – Available from NAR at No Cost
Bed bugs are a growing problem in both residential and commercial real estate. Hear from one of the country’s top bed bug authorities, Lyn Garling of the Integrated Pest Management Program at Penn State University, on how sales associates and property managers can help their clients identify them, get rid of them, and, if they don’t already have then, keep them out. The hour-long presentation will include visuals and links to brochures, fact sheets, and other free resources that can be passed along to clients. When: Thursday, July 28, 3 p.m., Eastern Time. Register and share link with your members.
Recording available from NAR: Offset Negative Media with Local Stats
Make available to your members the archived version of yesterday’s webinar on using local statistics to counteract negative housing market coverage at the national level.
Call for Action: Tell Congress to Reauthorize the National Flood Insurance Program
Right now Congress is debating whether to reauthorize the National Flood Insurance Program (NFIP). It expires on September 30, 2011. This is the tenth time in three years this program has been set to expire. It’s time we stop the band-aid approach to flood insurance and give the program a long-term extension. For this reason we are urging Congress to reauthorize NFIP for five years. 
Do you know what happens every year when the deadline nears? Lenders stall closings, adding more uncertainty to our already tentative marketplace. Over 20,000 communities nationwide depend on this program to buy and sell real estate. You simply cannot acquire a mortgage without flood coverage, and a policy cannot be issued without the assistance of this program. Maintaining available and affordable flood insurance for all Americans that need it is vital to keeping the market running smoothly. Please take action today.

Call for Action: Maintain Federal Loan Limits
FHA and the conforming loan limits of Fannie Mae and Freddie Mac expire at the end of the federal fiscal year, September 30. If lawmakers take no action, the limits drop to 115 percent from 125 percent of the area median home price, and the high-cost limits are reduced to $625,500 from $729,750. Such a reduction would destabilize the housing market at a time when sales are struggling to recover, NAR says. The association is asking lawmakers to support bi-partisan legislation, H.R. 1754, by Gary Miller (R-Calif.) and Brad Sherman (D-Calif.), to keep limits where they are. Please contact Congress today, tell your lawmakers to support this bill and maintain current loan limits. Learn more about the issue in a short video with NAR Government Affairs. Access a chart showing how loan limits would change in your area.
Amended City of Tulsa Zoning Code
The City of Tulsa Zoning Code has been updated, and includes all amendments as of May 27, 2011. See Amendment Inventory for new amendments. 
Upcoming Computer Classes at GTAR
Pre-registration is required; space is limited to 14 per class. For more information and to enroll: log on to, click the red Education bar on the Member Services page, then click Register for Classes. All classes are held in the GTAR Computer Lab.
Doc Manager: Wednesday, July 20, 9:00 – 11:00 a.m.
MarketLinx 1: Monday, July 25, 1:00 – 4:00 p.m.
MarketLinx 2: Wednesday, July 27, 1:00 – 4:00 p.m.
MarketLinx 3 (Prospect Gateway): Friday, July 29, 9:00 – 11:00 a.m.
Membership Applications
Comments on the following REALTOR® applicants should be submitted by REALTOR® members to the Membership Committee, c/o GTAR, PO Box 470603, Tulsa, OK 74147.
Susana A. Hernandez, associated with GO Realty, Inc. (Second Publication)
Tulsa Designer Showcase Needs Your Help
Tulsa Designer Showcase, benefiting the Foundation for Tulsa Schools, is seeking a location for its 2012 fundraising event. To be considered, house needs minimum square footage of 5,000, up street parking available, and curb appeal. Locations Desired: Woody Crest, Maple Ridge, Gillette, Ranch Acres, Southern Hills, Riverside, Riverview, Swan Lake, Yorktown, Bolewood Acres (most anywhere in midtown). Ideal Scenario: House recently purchased in need of updating and décor; a difficult to sell property that has been on the market for extended period (will receive huge media attention). Benefits to the Owner: Heavily discounted draperies, furnishings, rugs and accessories; donated paint/paint finishes and labor; more than 20 local designer design ideas and consultation for free. If you have a location that you think meets these qualifications, and are interested in applying, please call Paula Dellavedova @ 918.746.6602 or 918.902.0809 or email