Monday, March 4, 2013

GTAR Weekly Facts – March 4, 2013

March 6
REThink: The Future of Real Estate
Calling ALL GTAR members—brokers, associates, affiliates—residential and commercial! 9:00 a.m.-1:00 p.m., Wyndham Hotel (41st and Garnett area). GTAR has partnered with NAR’s Strategic Planning Committee to host this event, specifically designed to encourage dialogue and to open minds about thinking big for our future. We believe this is the best way to determine what the future holds for us, and, more importantly, how we would like to shape the future for our industry. We need your help! We’ll provide you with a “real” breakfast starting at 8:30 a.m., then along with your fellow thought leaders, we will dive into several scenarios describing multiple future worlds, exploring and discussing insights and implications for you, your business, our industry, and beyond. This event is FREE, but you must REGISTER! Simply go to the homepage of and click on the rethink logo (lower left side of page), or CLICK HERE (All registration is through NAR not GTAR.) All who REGISTER AND ATTEND will be entered in a drawing to win an iPad! (You must be present to win.) GTAR’s REThink is sponsored by: Commercial Title & Escrow Services, Currington Mortgage, Executives’ Title & Escrow, F&M Bank Mortgage Group, First American Title, FirsTitle & Abstract Services, Guaranty Abstract Company.
GTAR Affiliate Members: Are you interested in being a GTAR REThink sponsor?
There’s still time! Email Connie at or call her at 918-663-7500 TODAY!
March 7-10
Find Your Oasis at the 2013 Tulsa Home & Garden Show March!
Oklahoma’s largest home and garden trade show is a Tulsa tradition—Tulsa’s home improvement event of the year is coming to Expo Square, Thursday, March 7 through Sunday, March 10.  Featuring 500 exhibitors, the 2013 Tulsa Home & Garden Show showcases virtually every type of home and garden product, from the front door to the backyard. Presented by the Home Builders Association of Greater Tulsa and sponsored by ARVEST Bank, the Tulsa Home & Garden Show offers a one-stop shop for everything homeowners need, highlighting hundreds of new ideas and the industry’s latest trends, as well as fun features for the whole family. Tickets are $8 for adults. Children under 12 may attend for free when accompanied by a paid adult. The Official Guide will be distributed in the March 6 edition of the Tulsa World, and on sale at all area QuikTrip locations for the duration of the Show.  The Guide contains a map of the Show including exhibitor information, a Show schedule and, coupon for $1.00 off admission.
Keybox Reminder:
Daylight Saving Time begins Sunday, March 10. Keyboxes will open from 9:00 a.m. to 10:00 p.m. To change the time settings using your EKey, Click Here for Instructions. If you are using a Display Key, the key box can be brought to GTAR for programming.
2013 Real Estate Planners are still Available in GTAR Board Store
Prices range from $19.95 to $39.95.
March 13
2013 Greater Tulsa Commercial Market Update
We’re almost at maximum capacity for this year’s Commercial Market Update, so if you plan to attend, don’t wait any longer to register! Event is 7:30 a.m.-12:00 p.m. at the Tulsa Renaissance Hotel. Enjoy a buffet breakfast while brokers from area companies provide an in-depth review of activity in each commercial market segment—office, retail, industrial, land/development, and multi-family—over the last year, as well as a forecast for the coming year to help identify trends and determine growth areas. In addition, certain segments will feature an owner/investor who will highlight one specific project, either just completed or currently in development, and discuss why the Tulsa area was chosen, as well as why the specific property or building was chosen to buy, lease or develop. This year’s keynote speaker is Ken Levit, executive director of the George Kaiser Family Foundation. The program will conclude with the announcement of GTAR’s 2012 Commercial REALTOR® of the Year. Cost is $60. OREC approved for 3 hours required HOT CE credit. For more information and to register: Log on to; from the Main Menu, click the red Education bar, then click Register for Classes; or call 918-663-7500.
Commercial: Vacancies to Ease in All Sectors
Major commercial real estate sectors continue to improve, albeit slowly, with gradual economic improvement and job creation driving absorption of space, NAR says. National vacancy rates are expected to decline 0.4 percentage point in the office market, 0.4 point in industrial, 0.3 point for retail, and 0.1 point in multifamily. More from NAR's quarterly commercial real estate forecast.
Thursday, April 4
Plan Now to Attend GTAR’s Most Popular Annual Event!
REALTOR® Appreciation Day at UMAC! Start your day with a very special CE class being taught by body language expert Patti Wood: Success Signals in Selling: Body Language and Sales Techniques, 9:00 a.m.-12:00 p.m. Called “The Gold Standard of Body Language Experts” by the Washington Post, and credited in the New York Times with bringing body language to the national consciousness, Patti Wood is a true expert. The author of eight books, including her recently released book, “SNAP Making the Most of First Impressions, Body Language and Charisma” Patti speaks to Fortune 500 companies, law enforcement, and other businesses. You can see her regularly on CNN, Fox News, and Fox Business Network, PBS, Good Morning America, The Discovery Channel, Dr. Drew, Bravo, and The History Channel. In the past few months, you may have seen her on Nancy Grace, Entertainment Tonight, Prime Time News, and The Talk. She is quoted in publications such as The Wall Street Journal, Psychology Today, Bloomberg Business Week, Fortune, Esquire, Sports Illustrated, USA Today, and People.
Pre-registration cost for GTAR members is only $25—but don’t wait to register—we expect this class to sell out! If you purchase a GTAR Class Pass, the cost is included (see details below.) After class, head over to the gymnasium for the annual free Trade Show brought to you by our wonderful affiliate members. Visit lots of booths filled with information and services, while enjoying free food, and as usual, there will be tons of door prizes given away during the show. (You do not have to attend class to attend the Trade Show!) (There is no cost to attend this special meeting.)
GTAR Class Pass—Your Ticket to Learn in 2013!
GTAR's Class Pass GTAR's Class includes admission to the special REALTOR® Appreciation Day (RAD Conference) CE class with Patti Wood on Thursday, April 4, 2013, PLUS any and all regular GTAR CE classes offered during 2013—starting in January—for only $75! For more information and to purchase your GTAR Class Pass, log on to; from the Main Menu, click on the red Education bar, then click Register for Classes, and look for GTAR Class Pass.
February: Upcoming Computer Classes
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 2 (Hands-on): Monday, March 4, 2:00-4:30 p.m.
Fusion 3 (Hands-on): Friday, March 8, 10:00 a.m.-12:00 p.m.
Realist Tax System: Tuesday, March 12, 2:00-4:00 p.m.
Effective April 1, Key Pricing will be as Follows
Display Key: $35.25; this is the basic quarterly user fee for all agents who have a key. Ekey Basic, $31.35; additional quarterly charge ($66.60 per quarter). Ekey Professional, $61.35; additional quarterly charge ($96.60 per quarter). These prices will be billed quarterly with your MLS quarterly user fee. User Fee and Display Key:  $110.25 quarterly; User Fee and Ekey Basic: $141.60 quarterly; User Fee and Ekey Professional: $171.60 quarterly.
FHA to be Largely Spared 'Sequester'
Across-the-board budget cuts enacted in 2011 to reduce the federal deficit take effect Friday, March 1, absent additional action by the government. Some $85 billion, split between defense and domestic discretionary programs, is scheduled to be cut over the balance of 2013. In all, about $1.2 trillion is to be cut over the next 10 years. Not counting the economic impact on housing demand, the cuts are expected to have minimal impact on federally backed mortgage finance programs because the sequester applies to program dollars, not loan guaranty authority. For that reason, loans backed by FHA, VA, and the Rural Housing Service are expected to remain at current levels.  The White House has posted an analysis of how the budget sequester could impact federal funding in your state. 
NAR Urges CFPB to Fix Cap on Fees and Points
The Consumer Financial Protection Bureau should reconsider the cap on fees and points it has put in place in the qualified mortgage (QM) rule it released earlier this year, NAR says. The cap applies to originator compensation, GSE loan level price adjustments, and title insurance charges. If left at its proposed level, it would put home mortgage borrowing out of reach of otherwise qualified borrowers, NAR says. The association is working with members of Congress on legislation to address the cap if CFPB moves forward with it in its current form. The QM rule is set to take effect next year in January.
Home Sales Up as Seller’s Market Develops
Existing-home sales rose 0.4 percent up in January from the previous month to a seasonally adjusted annual rate of 4.92 million. The sales pace is 9.1 percent above a 4.51 million-unit pace in January 2012. NAR Chief Economist Lawrence Yun says a seller’s market is developing. More
Free Consumer Content: Appraisal Info
The latest free content for your members' websites, blogs, social media pages, and print resources from HouseLogic's REALTOR® Content Resource looks at what consumers should know about appraisals.  
Good Neighbors in Your Community?
REALTOR® Magazine is seeking nominees for its 14th annual Good Neighbor Awards, which recognize REALTORS® who impact their communities through volunteer work. Five winners will be recognized at the 2013 REALTORS® Conference & Expo in San Francisco, and will receive travel expenses to attend the show, and a $10,000 grant for their community cause. Entries must be received by May 20. Entry forms are available at
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:
Above It All Roofing & Construction, Designated Individual, Wendy Wygle (Second Publication)
MLS Only:
Karen Dietsch, Karen Dietsch (Second Publication)