Monday, August 6, 2012

GTAR Weekly Facts – August 6, 2012

Please Help! GTAR Education Survey
In order to provide you, our members, with the best education opportunities to meet your professional needs and interests, we need your input! Please help us by taking a few minutes to complete an important education survey. Thank you in advance for your anonymous opinion. Click Here to Start Survey (Survey will close August 10!)
August 16
Professional Standards Seminar: Enforcing the Code and Its Standards
Are you a REALTOR® member Interested in serving on GTAR’s Grievance or Professional Standards Committee? Or, would you just like to find out what happens during an arbitration or ethics hearing without being a participant? If you answered yes to either question, then this class is for you! Through lecture, discussion, and case studies, Bruce Aydt, attorney and REALTOR®, will teach the concepts of professional conduct related to the REALTOR® Code of Ethics and its enforcement processes. OREC approved for 6 hours required PSC CE credit (OREC will count 3 as PSC and the other 3 as elective); this course also satisfies NAR’s Code of Ethics training requirement. Cost is $30 for members. For course details and to register online, log on to; click the red Education bar on the main Member Services page, then click Register for Classes.
August 22-23
Broker in Charge Course
If your license type is Broker Manager (BM), Proprietor Broker (BP), or Branch Broker (BB), even if only for ONE day during that license term, your OREC CE requirements are no longer the same as those of a sales associate (SA) or broker associate (BA). From now on, to renew your real estate license, you will be required to complete an OREC 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). Whether you are a one-person office or a gazillion-person office, residential or commercial—this requirement applies to you!  Class is 8:30 a.m.-5:00 p.m. both days; cost is $90; class size is limited to 15. For more information and to register, go to
September 6
Real Estate Agent Safety Training
This year we have a totally NEW Safety Seminar with a national safety expert who is also a former real estate agent! Tracey Hawkins understands first-hand, the dangers faced daily by real estate professionals. Her goal is to reach as many associates and brokers as she can to teach realistic ways to do your job safely. Class is 9:00 a.m.-12:00 p.m. Whether you need CE credit or not, this is a class you shouldn’t miss!  OREC approved for 3 hours required HOT CE credit. For course details course 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.)
Early-bird Savings Ends August 31
Work Smarter to Earn More! The CRS 200: Business Planning & Marketing course from the Council of Residential Specialists will help you create a strong business that will withstand any market condition—while making a profit. In this two-day course with instructor Pat Zaby, you’ll meet other top agents for prime networking opportunities. Find out what works for other pros—and what doesn’t, so you’re not stuck re-inventing the wheel. This course is open to all members whether you are a CRS designee, working on your designation, or just want the information to help you be a better agent. Class is September 17-18, 8:30 a.m.-5:00 p.m. at GTAR. Course is OREC approved for 16 hours elective CE credit. Early-bird registration price is $250 through August 31; after that date, price will be $275. For course details and online registration, log on to; from the Main Menu, click on the red Education bar, then click Register for Classes.

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 indicated.
Fusion 1 – Hands On: Tuesday, August 7, 2:00-4:00 p.m.
Fusion 2 – Hands On: Wednesday, August 8, 2:00-4:00 p.m.
Fusion 3 – Hands On: Thursday, August 9, 2:00-4:00 p.m.
Try the New
It’s a great “all inclusive” mobile site for MLS and Realist tax data on your mobile device. works with Smartphones and Tablets of ALL kinds—Android, iPhone, iPad, etc.
Now Available: Realist® Mobile App for iPhones and Android
Access the power of Realist while on the go using your Smartphone! Get the details of all the houses in a neighborhood while on the road—instantly and with ease. The days of having to pull a report at the office are history. Realist Mobile® gives you the power to share essential market information with your clients. Download the Realist Mobile® App today: iPhones users, go to the App Store; android users, go to Google Play. Then, login to Realist desktop to create your User Name and password. For more information, click here; for FAQs, click here. Watch your email for a confirmation from
Basel III Capital Standards Raise Concerns
NAR is asking the Basel Committee on Banking Supervision to study the impact of its proposed Basel III capital standards on real estate and to extend the public comment period to 150 days from 90 days. The proposed international standards, which the Federal Reserve, FDIC, and  U.S. Office of the Comptroller of the Currency have released proposals to adopt, will make already tight mortgage financing conditions even more tight, NAR says in a letter, which it submitted as part of a coalition of consumer and real estate groups. NAR and its coalition partners discussed concerns with Basel III and proposed qualified mortgage (QM) and qualified residential mortgage (QRM) rules in a meeting at NAR's Washington office last week. Access a summary and video of the meeting, which included remarks by current and former policymakers and Sen. Johnny Isakson (R-Ga.).
FHFA Says No to GSE Loan Reductions
Fannie Mae and Freddie Mac can't participate in a plan by the U.S. Treasury to reduce loan balances for struggling home owners, the companies' regulator says. The Federal Housing Finance Agency says its internal analysis finds insufficient savings to the government to warrant the reductions. U.S. Treasury Secretary Timothy Geithner in a letter to FHFA asks it to reconsider the decision. 
Video: 1,100-page Proposed RESPA Changes
What's in the 1,100 pages of rule changes to residential real estate settlement procedures proposed by the Consumer Financial Protection Bureau? In a 6-minute video, NAR Government Affairs walks you through the main points. CFPB is giving the public until Nov. 6 to submit comments. Among other things, the changes have the potential to disrupt the closing process if the rule is finalized in its current form, NAR says. Access and share video.
Short Sale Bill Pushes Lien Holders to Act
NAR supports a bill to speed up the approval process for homeowners selling their home through a short sale by requiring subordinate lien holders to review and respond to short sale requests within 45 days. The "The Fast Help for Homeowners Act" was introduced in Congress by U.S. Rep. Jerry McNerney (D-Calif.). More.
Rules Aim to Help Delinquent Borrowers
NAR supports proposals by the Consumer Financial Protection Bureau to require early intervention by servicers and take other steps to help delinquent borrowers. One point of concern is a proposed 45-day deadline for servicers to make contact with delinquent borrowers. Thirty days would be better, NAR says. More.
FHA Expanding Distressed Loan Sales
FHA's Distressed Asset Sale Program makes loans available in bulk to investors. The agency’s original goal was to sell 5,000 loans. That’s been increased to 9,000 for this quarter (and is expected to remain near the 9,000 level in subsequent quarterly sales). About 3,500 loans will be sold in Chicago, Newark, Phoenix, and Tampa. NAR's position on bulk sales is that they should be offered only if they're necessary and that neighborhoods must be protected.
Designated Broker Not Personally Liable
A California appeals court ruled that an individual serving as the designated broker for a corporate brokerage isn't personally liable for a salesperson's fraudulent actions absent special circumstances.
IREM Publishes 2012 Benchmarking Reports
The latest editions of the Institute of Real Estate Management's Income/Expense Analysis Reports for five key property sectors, which provide benchmarking data for the industry, are available in print and digital formats. More info is available on the Publications section of IREM's Web site. Click on "Income/Expense Analysis® Reports" in drop-down menu.
Free Consumer Content: Latest Refi/Mortgage Options
The latest free content for your websites, blogs, social media pages, and print resources from HouseLogic's REALTOR® Content Resource looks at refinance and purchase-money mortgage options
Free Consumer Content: Curb Appeal Ideas
The latest free content for your websites, blogs, social media pages, and print resources from HouseLogic's REALTOR® Content Resource looks at landscaping for curb appeal.
EPA Pushes Back Proposed Lead-Paint Rule
NAR is concerned about the lack of data related to lead-paint hazards to children when commercial buildings are being renovated, repaired, or painted, and will make that part of its comments once EPA releases its proposed rule on lead-safe work practices on commercial and public buildings. The rule has been delayed twice, most recently until Sept.15.
Commercial Intelligence Briefing
They’re back! NAR’s Commercial’s newest podcast, “Top Mistakes in Tenant Representation” is now posted. Signature Series Speaker, Gregory Schenk, SIOR, president, The Schenk Company, Inc. discusses top mistakes tenants are making when looking for tenant representation among their brokers. Click to listen and take advantage of this NAR member benefit. Link:
Xceligent Is Game Changer for Commercial Real Estate
NAR Treasurer Bill Armstrong and NAR Senior Vice President Bob Goldberg want to share some great news in the commercial sector about NAR’s newest REALTOR Benefits® Partner, Xceligent. This short video tells how you benefit from this new partnership. Link: Stay on Top of Important Local and National Commercial Real Estate Legislation; stay on top of legislation that affects commercial real estate legislation with Scout, a free software tool that alerts you when Congress or your State House proposes legislation that affects you or your clients. Link:
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.
Jared Brown, Water Rock Real Estate (First Publication)
Kenneth D. Wright, A Seller’s Helper Realty Service (First Publication, Reinstatement)
Angela O’Malley, Home Sweet Home OK, Inc. (Second Publication)