Monday, July 1, 2013

GTAR Weekly Facts – July 1, 2013



The GTAR/NORES office will be closed Thursday, July 4 for Independence Day. Have fun and be safe!

Welcome Muskogee Association of REALTORS®!
Today, July 1, the Muskogee Association of REALTORS® officially becomes part of GTAR and NORES. (MAR has been in the process of dissolving its board and MLS over the last month or so.)  The GTAR/NORES staff is continuing to enter Muskogee “Sold” history (2010-present) into the MLS system. To date, most of the sold history has been entered. “Cooperating Keys”: To add the Muskogee and/or Bartlesville area to your DisplayKey, bring your Dkey into the GTARNORES office for programming. The new area will be programmed into the key and updated.  You MUST update your key on its cradle again before you can show. To add the Muskogee and/or Bartlesville area to your Ekey, call Gloria at 918-663-7500.  Your phone will be programmed and will need to be updated before you can show.
OAR Open Door Award Nomination Deadline is July 5
This annual award honors three Oklahoma REALTORS® who go above and beyond to fulfill the needs shown by their community. OAR’s Open Door Award is designed to seek out the brightest and best who give unselfishly to improving the world around them through community service. You can download the form directly here.  Questions? Contact Lora Gwartney, (405) 848-9944 or
July 18
Edutainment Day is Back!
8:30 a.m.-12:30 p.m. Topics include:  OREC Topics and Trends; Social Media Marketing; Multi Offers – A Great New Problem;  Crime Prevention Strategies & Tactics. Breakfast sponsored by Amercian Eagle Title Group. FREE to Members! Register online: from the Main Menu, click Associate Services, then click Register for Classes.
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, click Associate Services, then click Register for Classes.  If you are a Class Pass Holder, please register for Class Pass eligible classes by emailing or calling 918-663-7500.
July 11: 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 $25 for members. Click Here for Course Details
July 16: HUD Procedures and Bidding Process
1:00-4:00 p.m.: In this updated course taught by Jennifer Minard (Mary Berry’s protégé) you will learn HUD procedures, how to submit HUD bids, and the latest changes, including the HUD implemented “Buyer Select” closing agent pilot program which became effective this year (April 15). OREC Approved: 3 hours required HOT CE credit (Class Pass Eligible) Click Here for Course Details
July 22: A Residential Transaction: Numbers & Math
1:00-4:00 p.m.: This new course explores a typical residential real estate transaction, and the facts and figures that are customary and usual for the locale. Instructor Ann Lloyd will guide you through the step-by-step preparation of a Net-to-Seller and Cost-to-Buyer. The course will include a review of, and comparison to, the HUD-1. Math for estimating many different “numbers” in a real estate transaction will be reviewed, as well as some quick and easy formulas for estimating property taxes and insurances will be shared and practiced. OREC Approved: 3 hours elective CE credit. A calculator and pencil are required for this class; forms will be provided. (Class Pass Eligible)
August 26-27
CRS 206: Technologies to Advance Your Business
Get a handle on technology and tools that work for you and your business. After completing this two-day course, you will be able to learn about technologies that streamline the way you handle contacts and follow-up systems; access the technologies that make sense for you and your business so you don’t waste money on gimmicks; market yourself via websites, blogs, and other communication tools to attract, keep, and close the Internet buyer; and create effective multimedia technologies and develop enhanced listing and buyer presentations. Take advantage of early-bird savings! Through August 5, cost is $250; after, cost will be $295. CRS 206 is open to all members! Click Here for Course Details
Short Sales: Minimum 5 days in MLS, Fannie, Freddie Say
Any property being considered for short sale approval must be listed on the multiple listing service (MLS) for five consecutive days, including one weekend, prior to Fannie Mae or Freddie Mac approving the offer, the two companies say in changes to their short sale guidelines. Both companies will require submission of printed copies of the property's MLS listings in the geographic area in which the property is located. The changes take effect August 1.
Bill Would Extend Mortgage Tax Forgiveness Again
Legislation would extend for another two years tax forgiveness for borrowers who've had a portion of their loan balance forgiven by their lender. NAR supports the extension and President Gary Thomas in a June 20 letter thanked Sens. Debbie Stabenow (D-Mich.) and Dean Heller (R-Nev.) for sponsoring "The Mortgage Forgiveness Tax Relief Act," S. 1187.
Thomas Urges 3 Percent Cap Change in Testimony
NAR President Gary Thomas in a video podcast talks about his testimony before a House committee two weeks ago in support of legislation that would address a problematic 3-percent cap on points and fees under the qualified mortgage (QM) rule that takes effect next year. Thomas said the QM rule discriminates against small lenders and affiliated businesses and can be corrected by passage of "The Consumer Mortgage Choice Act," H.R. 1077.
Home Sales Rise in May, Prices Up 15.4 Percent
Existing-home sales in May rose 4.2 percent to a seasonally adjusted annual rate of 5.18 million from 4.97 million in April. The sales pace is 12.9 percent above the 4.59 million-unit pace in May 2012. The national median home price rose 15.4 percent, year-over-year, to $208,000. This marks the sixth straight month of double-digit price increases and the strongest gain since October 2005. Press release and video.
REach: Discounts for Members who Product Test
Members: You can apply to be part of NAR's technology accelerator program, REach, by helping to test REach partners' products and services. You choose which REach companies to work with and provide feedback to help improve their offerings. In exchange, you receive discounts on the products and services. 
10 Percent Discounts on Emergency Phone Charger
Members:  Get 10 percent off on a REALTOR®-branded emergency phone charger from the REALTOR Team Store®. The store is NAR’s official supplier of REALTOR®-branded items and a REALTOR Benefits® Program partner.
Evernote, Google+ Featured in Webinar Summit
Members: Learn about using Google+, Evernote, Facebook, and how to use video in a REALTOR® University social media webinar summit, Thursday, July 25. The summit features five webinars hosted by real estate pros who've mastered these and other platforms for selling real estate. Summit registration is $19.95. Use discount code 'RUWSB2' to save an additional $5. 
Free Double Upgrade on Hertz Summer Rentals
Save on summer travel with a free double upgrade and up to 25 percent off your next Hertz rental through the REALTOR Benefits® Program. Plus, new Hertz Gold Plus rewards members who sign up this summer; you can earn 500 activation bonus points after completing your first rental. Visit or call 800-654-2200.
Free Consumer Content: Ideas to Speed Up Summer Sale
The latest free content for your websites, blogs, social media pages, and print resources from HouseLogic's REALTOR® Content Resource looks at free ideas on how sellers can speed up a summer sale
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.
Robert Johnson, Johnson Company Realty (First Publication)
Robin L. Stout, R. L. Stout Realty (First Publication)
Jerry Sisco, A-1 Appraisal Service (Second Publication)
MLS Waiver:
Arlyn Imel, Prospectors Real Estate, Inc. (Second Publication)