Monday, June 4, 2012

GTAR Weekly Facts – June 4, 2012

This Thursday, June 7!
Parade of Homes Kick-off Party
Annual Parade of Homes Kick-off Party for REALTORS® and Builders only, is this Thursday, June 7 at 5:00 p.m. at the Home Builders Association of Greater Tulsa. To RSVP, please call 918-663-5820 or email

June 23
Opening the Door to Homeownership – The 2012 TAFHP Homeownership Event
June is Homeownership Month! The Tulsa Area Fair Housing Partnership is hosting an informative event to give new and potential buyers the tools they need to purchase a home. This event will take place on Saturday, June 23, 9:00 a.m.-1:00 p.m. at the Tulsa Housing Authority located at 415 E. Independence Street. Registration begins at 8:45 a.m. Speakers from the lending/banking and real estate industries will be on hand to present; other topics will include fair housing laws, inspections, and home warranties. During the event, vendors will be available to answer questions about the path to homeownership. All are welcome to attend. For more information, contact Heather Martin at 918-581-5907 or email (GTAR is member of the Tulsa Fair Housing Partnership.) 

June 28 
RSVP Today for 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 Kurt Fitchenberg will be preparing a special dinner buffet. Dinner and cash bar will start at 4:30 p.m. Cost is $15 per person, and includes admission to the museum, dinner, and 10 free guest passes to the Museuma $100 value! Not only will you enjoy an afternoon of art and delicious food, but you will receive guest passes to give to clients and prospects as a thank you. (You must attend the event to receive the free guest passes; only GTAR members are eligible to receive the 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

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!


Backpacks for Kids
GTAR’s seventh annual Backpacks for Kids campaign is in full swing, and your help is needed. 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. This year’s goal is to raise $17,500 to fund 350 backpacks; each backpack costs approximately $50 to fill. The deadline to reach the goal is June 30. To date, $6,942.76 has been raised. We are grateful to you in advance for any donation you make to this effort—no donation is too small, and all donations are tax deductible! For more information and a donation form, visit


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.


June 19-20
Broker in Charge Course
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! 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 The next Broker in Charge Course won’t be until August 21-22.
June 21
Lori Morgan will be teaching Don’t Be Listless: The Listing Presentation, 9:00 a.m.-12:00 p.m. and Working with Buyers: A Planned Approach, 1:00-4:00 p.m. Each class is OREC approved for 3 hours elective CE. For more information and to register, go to Class Pass Holders: Register by emailing or calling 918-663-7500.
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 reserve mortgage that will need to be paid off upon sale. In a REALTOR® Magazine webinar with the National Reserve 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
April 2012 Home Sales Stats are Now Available
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. The next Fusion class is Tuesday, June 12, 1:00-4:00 p.m. in the GTAR Training Center; register online at
Commercial: Vacancies Down, Rents Up
Fundamentals are improving in all major commercial real estate sectors, suggesting the industry is shaking off the impact of the prolonged recession, NAR says in its quarterly commercial real estate forecast. In all sectors, vacancies are dropping and rental rates are rising. 
Flood Insurance Extension Clears Hurdle
The Senate last week approved a 60-day extension of the National Flood Insurance Program. The matter now goes before the House, which previously passed a 30-day extension. The program expires at the end of the day on Thursday. For the long-term, NAR continues to seek 5-year authorization with program reforms.
NAR Seeks Refi Help for Struggling Home Owners
NAR is supporting a bill to make it easier for home owners who are struggling but still current on their payments to refinance their mortgage and take advantage of record-low interest rates. Watch video of NAR President Moe Veissi on the legislation. "The Responsible Homeowner Refinancing Act of 2012" was introduced by Sens. Barbara Boxer, D-Calif., and Robert Menendez, D-N.J.
Risk Reduction Podcast: Vacant Property
Attorney Thomas Gregory discusses legal risks associated with listing and leasing vacant properties in a Legal Affairs podcast. Gregory will include risk mitigation tips.
Free Consumer Content: Reducing Household Expenses
The latest free content for your websites, blogs, social media pages, and print resources from HouseLogic’s REALTOR® Content Resource looks at reducing household expenses like insurance costs.