Monday, May 7, 2012

GTAR Weekly Facts – May 7, 2012

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  
May 9
Young Professionals Network Event

Join us for an evening of hors d’oeuvres and drinks at The McGuire Mansion—Tulsa’s Designer Showcase Home, Wednesday, May 9, 5:00-7:00 p.m. (1132 E. 18th Street). This is a great opportunity to network with your peers and get a sneak peek of this beautiful home before it opens to the public. Because of our great sponsors this event is FREE! A special thank you to Crest Homes, Frisco Title, Cityscape Home Mortgage, and Bill Zumwalt, CPA for making this event possible! To RSVP, go to; from the Main Menu, click on Member Resources tab, then GTAR Events. Please RSVP by Tuesday, May 8 at the latest! If you have any questions, call Jennifer Smith at 918-663-7500 or email

May 7-9
Front Entrance Closed
The front entrance to the GTAR/NORES office will continue to be closed through May 9 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 class (lecture style) is Tuesday, May 8, 1:00-4:00 p.m. Register online at
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, 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
Other May CE at GTAR
REALTOR® Ethics, May 10, 1:00 -4:00 p.m.; req. PSC CE; free but must pre-register
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. 
May 10
RCA Insight Social
GTAR’s REALTORS® Commercial Alliance invites you to attend this year’s first RCA Insight Social, Thursday, May 10, 4:30-6:30 p.m. at The Mayo Hotel (Penthouse). Special guest, Garrett Mahaney, MGM Property Services, LLC will give an update on the One Place Development Project in Downtown Tulsa. There is no cost to attend, but an RSVP is required by May 9; RSVP to or call 918-663-7500. Hors d’oeuvres and free drink tickets for the first 40 to arrive, compliments of GTAR’s RCA sponsors: Commercial Title & Escrow Services, Guaranty Abstract Company, FirsTitle & Abstract Services, and Oklahoma RCA.
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.
Free Consumer Content: Besting Backyard Pests
The latest free content for your websites, blogs, social media pages, and print resources from HouseLogic’s REALTOR® Content Resource looks at besting backyard pests.