Monday, May 20, 2013

GTAR Weekly Facts – May 20, 2013

TODAY, May 20: Last Chance to Register!
Experience Art in Tulsa at The Philbrook Museum
Don’t miss this special evening! Enjoy drinks and delicious food from Chef Franz Romer, and two very special exhibits: Aphrodite and the Gods of Love along with The Hollywood Portraits of George Hurell. Thursday, May 23, 4:00-7:00 p.m., $15.00 per person.  Deadline to register is TODAY, May 20. Register online by logging on to; from the Main Menu, click on the Member Resources tab, then click Events). Or, call 918-663-7500. 5:00 p.m. today is the deadline to register by phone, and midnight tonight is the deadline to register online.

Memorial Holiday
The GTAR/NORES office will be closed Monday, May 27 in observance of Memorial Day.

2013 Backpacks for Kids Campaign in Full Swing
GTAR’s eighth annual Backpacks for Kids campaign is in full swing, and your help is needed. In the last seven years, GTAR’s Community Relations Committee, with your support, has raised $85,000, and given over 1,500 backpacks to children in need. 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); to date, $6,606.03 has been raised. The deadline to reach the goal is June 30. To date, $ 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!
Click Here for Donation Form

June 8
Homeownership Event
Housing Partners of Tulsa, Inc. presents “I’m Coming Home”; 9:00 a.m.-1:00 p.m. at the Tulsa Area Housing Authority office (415 E. Independence).  A step by step roadmap by industry professionals on purchasing your first home. For more information on the event, call 918-551-5200. Housing Partners also has booth space available and is looking for donations. They are asking those who want booths to contact Heather Martin Quintoro at 918-581-5907, and bring either a food donation or a door prize in lieu of a booth fee. (This is not a GTAR event.)
Upcoming CE Classes at GTAR
Don’t wait until the end of your three-year licensing period to start working on your CE hours. As CE classes are scheduled, information and registration will be available on; from the main Member Services page, simply click the red Education bar. If you are a Class Pass Holder, please register for Class Pass eligible classes by emailing or calling 918-663-7500.
June 6: Understanding the URAR Appraisal Report
9:00 a.m.-12:00 p.m.: In this encore presentation, Bob Bryant will discuss the URAR form in detail with emphasis on the new guidelines established March 2012. Fannie Mae requires all reports submitted to them for purchase to be compliant with these guidelines. The additional guidelines, Uniform Appraisal Dataset (UAD), pertain to how the URAR form is to be completed. OREC approved: 3 hours required HOT CE credit. (Class Pass Eligible)
June 10: A Residential Transaction: ‘For Sale’ to ‘SOLD’
1:00-4:00 p.m.: This new course will explore the processes involved for taking a listing from “For Sale” to “Sold.” Ann Lloyd will review the complete “selling” process, evaluate pricing considerations, analyze marketing strategies, discuss negotiating techniques, and examine the transaction participants’ roles in the closing process. By the end of the class, you will have expanded your knowledge of all aspects of a real estate sales transaction, and have a more thorough understanding of how your role as a real estate professional is monumental in delivering a smooth and successful transaction; currently pending OREC CE Approval. (Class Pass Eligible)
June 13: REALTOR® Ethics, 1:00-4:00 p.m., Kathryn Jones; req. PSC CE; no cost (but registration required)
June 26: What RE Professionals Need to Know About Taxes
1:00-4:00 p.m.: This new course is not designed to make a real estate agent a tax accountant, but it is designed to make a real estate agent aware of the rules and documentation requirements that are part of their everyday business and life as a real estate agent.  Bill Zumwalt, CPA, will show agents how they must be in compliance with the IRS and the Oklahoma Tax Commission or they could lose their license; how to treat hiring an assistant—are they an independent contractor or an employee?; review what constitutes an office in the home, and how to properly document this deduction; explain options available with regard to vehicle expenses, and what is needed to document business usage; meals and entertainment documentation and rules; determine the best type of entity for their real estate business; keys to reduce their tax liability, and much more! OREC Approved: 3 hours elective CE credit. (Class Pass Eligible)
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 1 (Hands-on): Tuesday, May 28, 2:00-4:30 p.m.
Fusion 2 (Hands-on): Tuesday, June 4, 2:00-4:30 p.m.
Fusion 3 (Hands-on): Thursday, June 6, 2:00-4:00 p.m.
Senate Passes Internet Sales Tax Bill
The US Senate recently passed the Marketplace Fairness Act, which would allow states to levy sales taxes on internet purchases. It is a major development in the price competition between brick-and-mortar retail businesses and online retailers. Read More
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.
Lisa Welch, Welch Real Estate (Second Publication)
Firm Affiliate:
Stillwater National Bank, Designated Individual, Elizabeth Favell (First Publication)
Weststar Pacific Mortgage, Designated Individual, Teresa Eisenman (First Publication)
Cox Communications, Designated Individual, Mike Hall (Second Publication)