Monday, June 25, 2012

GTAR Weekly Facts – June 25, 2012


June 26
Don’t Forget to Vote!

The RPAC Trustees encourage you to exercise your individual right to vote on June 26.
Click here for the Sample Tulsa County Ballot and proposed charter amendment.   Rogers County Sample Ballots.  Check with your county’s election board for more information. Remember, your dues dollars are not used in support of candidates, and neither the GTAR nor NORES Board of Directors is involved in the decision of where the funds are distributed. If you would like to become involved in this process, you may contribute as a member to the RPAC funds and volunteer to serve on the RPAC Committee. Concerned about a proposed ordinance or issue in your area/city? Let us know by emailing

June 30: Deadline to Reach Our Goal!
Backpacks for Kids Update:
$9,732.41=Collected; $17,500=2012 Goal to reach to provide 350 backpacks; each backpack costs about $50 to fill. Can you help? In the last six years, GTAR’s Community Relations Committee, with your support, has raised $74,184, and given more than 1,500 backpacks to children in need. This year is a challenging one. We are very aware of the challenges in our community right now and the financial demands that face everyone.  We are grateful to everyone who has already donated, and grateful in advance for any donation made to this effort—no donation is too small, and all donations are tax deductible! For more information and a donation form, visit

Want to Win a GTAR Class Pass?
During the month of June GTAR/NORES will be having a contest! This contest is for GTAR members—brokers, associates, and assistants! Rules: “Like” our Facebook page (, and make a post stating who referred you (Example: Joe Bob referred me!). The person with the most referrals will win a GTAR Class Pass ($75 value)!  The winner will be announced July 1. Don’t know what a GTAR Class Pass is? You will be able to take any regular ($15 class) GTAR class for FREE for the remainder of 2012!


OAR REALTOR® of the Year Nominations Now Being Accepted
The OAR member selected for this incredible honor will be announced and recognized by his/her peers at the REALTOR® Celebration Thursday, October 18, 2012, at the Renaissance Tulsa Hotel & Convention Center in Tulsa. GTAR has the opportunity to nominate a REALTOR® member deserving of such a special honor; please contact Janie Bays at 918-663-7500 or for nomination form and information.
Need OREC Required CE Hours?
July is your month to get hit all four OREC required CE categories—earn all 12 hours. For course details and online registration, log on to; from the Main Menu, click on the red Education bar, then click Register for Classes. If you have a GTAR Class Pass, register by emailing or calling 918-663-7500.
(FHR): Fair Housing & Ethical Practices, Wednesday, July 18, 1:00-4:00 p.m. with Kathryn Jones
(PSC): REALTOR® Ethics, Thursday, July 19, 1:00-4:00 p.m. with Kathryn Jones; this class is free, but you need to pre-register.
(BRA): OK Broker Relationships, Monday, July 23, 1:00-4:00 p.m. with Ann Lloyd
(HOT): Residential Sales Disclosures, Laws and Rules Review, Tuesday, July 24, 1:00-4:00 p.m. with Ann Lloyd
This new course was designed to highlight some of the Oklahoma Real Estate Commission’s (OREC) most common required disclosures, laws, and rules. From time to time legislation is passed, rules are written, and changes are made. All real estate licensees are required to be familiar with, and in compliance with current disclosures, laws, and rules. Click here for course details
June 28
Understand Mechanics of Reverse Mortgages
(Source: NAR) Real estate professionals can expect to see more homes on the market in which the owners have a reverse mortgage that will need to be paid off upon sale. In a REALTOR® Magazine webinar with the National Reverse Mortgage Lenders Association, loan experts will talk about any impact these mortgages have on buying and selling considerations. The FREE webinar is Thursday, June 28, at 2 p.m. Central Time. Click on the following link to register: registration link
If you are unable to login to SupraWeb or it is telling you that your key number is already assigned:
1)     Clear out your temporary Internet files when not on a Supra related page
3)     If you are unable to sign in with the user ID that you used prior to 3/21/12, click on the Register button in the lower left corner
4)     Register your user ID with the new system
Fusion Update
A full set of financial reports are now available in Fusion. Just click on Home, Financials, and the report you need. The financial reports from Fusion are just like your reports from Tempo.
NAR Signs Letter Supporting US REIT Act
The U.S. REIT act proposes changes in the law governing the sale of REIT assets, the distribution of dividends and other aspects. Read the NAR Commercial blog to find out what’s in this bill and how it impacts the commercial real estate industry. Link:
NAR Commercial Podcast
2012 NAR Treasurer Bill Armstrong recaps the successful Rally to Protect the American Dream, and what it meant for commercial real estate. Plus, hear the exciting news about the new Xceligent partnership that will provide REALTORS® in the commercial sector with a powerful new way to do business. Link:
New NAR Commercial Numbers: Transactions, Income Up in 2011 for REALTORS®
REALTORS® who spend some or all of their activity in leasing, commercial sales, brokerage, industrial space, land development, office space, multifamily, retail and property management answered the NAR’s 2011 Commercial Member Profile survey, reporting a rise in their median gross income as well as an increase in transactions. Link:
Census Data Key to Accurate Home Sales Count
NAR Chief Economist Lawrence Yun will appear before a House Committee this week on the role of the American Community Survey and other important data sets collected as part of the Census in tabulating home sales at the national level. Funding for the data sets is at risk as lawmakers look for budget savings.  
NAR-Supported Bill Seeks REIT Tax Improvements
Legislation by Reps. Pat Tiberi (R-Ohio) and Richard Neal (D-Mass.) would modify tax rules to help real estate investment trusts REITs) operate more effectively and keep up with market changes. NAR supported H.R. 5746 in a June 11 letter it sent to lawmakers with other groups. More.

FHA Revokes Controversial Credit Dispute Rule
The Federal Housing Administration has rescinded a new guideline that was widely criticized by the housing industry as shutting out too many potential borrowers from qualifying for a mortgage. More.  
Free Consumer Content: Free Post-Disaster Tax Info
The latest free content for your websites, blogs, social media pages, and print resources from HouseLogic's REALTOR® Content Resource looks at free tax information you can send consumers for after disaster strikes.
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.
MLS Waiver:
James Thomas, associated with Bailey Foristell, Inc. (Second Publication)