Monday, May 14, 2012

GTAR Weekly Facts – May 14, 2012

May 14-18
Front Entrance Closed
The front entrance to the GTAR/NORES office will continue to be closed through May 18 due to repairs being made. Please use the back (north) entrance during this time. We apologize for any inconvenience.

June 28
Experience Art in Tulsa!

Discover one of Tulsa’s hidden gems at The Gilcrease Museum. Guided tours will begin at 3:00 p.m. Chef Geoffrey van Glabbeek will put together a special dinner buffet starting at 4:00 p.m.; cash bar will be available. Cost is $15 per person, and includes admission to the museum, dinner, and 10 free guest passes to the Museum—a $100 value! Not only will you enjoy an afternoon of art and delicious food, but you will receive guest passes to give to potential clients as a thank you. (You must attend the event to receive free guest passes.) Register online at; from the Main Menu, click on Member Resources tab, then GTAR Events. Deadline to register is June 22! If you have any questions, please call Jennifer Smith at 918-663-7500 or email


Important Notice for All MLS Users: The Fusion MLS cut over will be delayed until further notice. 
The Fusion add/edit module, which allows the entry of listings into the MLS system, was not completed as needed and we were not comfortable with releasing it to our users. CoreLogic, our Fusion vendor, will continue working to develop the add/edit module which we expect to be complete in the near future. Once the module is complete and has been fully tested, the MLS cutover to Fusion will be rescheduled, and all users will be notified accordingly.  This is a great opportunity to take advantage of a little extra time to learn the new Fusion MLS system—and to attend more classes, if needed. Next Fusion classes (lecture style) are Tuesday, May 22, 1:00-4:00 p.m., and Friday, May 25, 9:00 a.m.-12:00 p.m. Register online at
Scam Reminder
Sadly, there are people out there who have nothing better to do than figure out ways to take your money. The more “popular” or well-known scams include the Craigslist Rental/For Sale Scam, Natural Disaster Repair Scam, and Phony Deposit Scheme, to name a few. To learn more about these and other scams, check out the Issues & Answers article on p. 8 of the December 2011, GTAR World newsletter, or click here 
This Week! May 15-16
Are You a Broker Manager, Proprietor Broker or Branch Broker?
If you are, your OREC CE requirements have changed! If your license type is a Broker Manager (BM), Proprietor Broker (BP), or Branch Broker (BB), even if only for ONE day during that license term, AND your real estate license expires on or after June 30, 2012, then you are required to complete an approved 15-hour Broker in Charge (BIC) class PLUS an additional 6 hours of required subject matter in at least two core courses (BRA, PSC, FHR or HOT) prior to your license renewal. Whether you are a one-person office or a gazillion-person office, residential or commercialthis new requirement applies to you! GTAR’s next Broker in Charge class is May 15-16; seats are still available. 8:30 a.m.-5:00 p.m.; cost is $90; class size is limited to 15. For more information and to register, go to
May 23
The New HUD Internet Training
Encore presentation: 1:00-4:00 p.m. Mary Berry will teach brokers and associates the new HUD procedures, and how to submit bids using the new HUD website: OREC approved for 3 hours required HOT CE credit. For more information and to register, go to
Fannie REO Offers: Access Webinar Recording
(NAR) The recorded version of last week’s webinar on Fannie Mae’s online-only REO offer process is available online. 
Open House Safety Webinar Now Available
You can now access the archived version of the April 19 "Every Agent's Five-Step Plan for Open Houses" webinar, which featured safety expert Andrew Wooten. The next free safety webinar will be offered in September as part of REALTOR® Safety Month. Click here to access
Webinars Will Help Agents Handle FHA Short Sales
FHA is launching a series of webinars to help you help FHA borrowers sell their house as a short sale, what FHA calls a pre-foreclosure sale. Eight webinars for real estate professionals will be held in all, starting May 16. Learn more
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, unless otherwise stated.
Realist Tax System: Wednesday, May 23, 2:00-4:00 p.m.
Podcast: Rally Promotes All Real Property
Listen as 2012 NAR Treasurer Bill Armstrong explains why commercial practitioners should attend the Rally to Protect the American Dream on May 17—an event to promote not just home ownership but all real property. Plus, get an update on strong support building in the U.S. Senate for a credit union lending cap increase that would be a great source of liquidity for the commercial sector. Click here for podcast
Broker Lien Laws: Which States Have Them?
Commercial broker lien laws — which permit commercial brokers to attach a lien on a commercial property when a commission due goes unpaid — are on the books in 26 states. Get a list of the states with such laws, along with a handy link to a Google search on each state's law. Read more
Short Sales: FHFA to Consider e-Signatures
Federal Housing Finance Agency (FHFA) head Edward DeMarco says his agency will take electronic signatures into consideration for short sales and REOs when it finalizes its initiative for aligning mortgage servicing requirements. NAR has advocated for the use of electronic signatures to speed short sales and other distressed-sale transactions. 
VA Committee Passes Bill to Make ARMs Permanent
A House committee last week passed legislation (H.R. 4482) to make the use of adjustable rate mortgages a permanent part of the VA home loan program. 
House Passes Cybersecurity Legislation
The House last week passed "The Cyber Intelligence Sharing and Protection Act," which would allow the government to relay cyber threat information to companies to prevent online attacks.
Members: Add Value by Tweeting Free Lawn Mower Care Info
Looking for a no-cost way to regularly provide value to past clients? The REALTOR® Content Resource, with its nearly 1,000 free home listing, selling, and ownership articles, is your best bet. You can start today by tweeting a free article on sharpening your lawn mower blade for a clean cut. That’s just one of five free "Your Lawn Care Toolkit" articles now available that you can tweet; post to your website, blog, or Facebook; email; add to your e-newsletter; or brand, print, and personally deliver to buyers, sellers, or home owners.

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.
Firm Affiliate:
Erica Davis, The Davis Touch LLC (First Publication)
Bob Buss and Berbara Kidwell, Investors Title & Escrow Co (First Publication)