Monday, July 8, 2013

GTAR Weekly Facts – July 8, 2013

NOTICES:
Thursday, July 11
Professional Standards Seminar: Enforcing the Code and Its Standards
9:00 a.m.-4:00 p.m. This class is open to ALL GTAR members (REALTORS® AND Sales Associates—whether you are interested in serving on GTAR’s Grievance or Professional Standards Committee in the future or just want to find out what happens during an arbitration or ethics hearing. 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. Pre-registration cost is $25 for members; walk-in cost is $30. Register online at tulsarealtors.com; from the Main Menu, click Associate Services tab, then click Register for Classes. Click Here for Course Details
Tuesday, 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. Pre-registration cost is $15 for members; walk-in cost is $20. Register online at tulsarealtors.com; from the Main Menu, click Associate Services tab, then click Register for Classes. (Class Pass Eligible); Click Here for Course Details
July 17: FAIR is Not Just Another Four-letter Word
1:00-4:00 p.m. with Kathryn Jones; OREC Approved: 3 hours required FHR CE credit. Pre-registration cost is $15 for members; walk-in cost is $20. Register online at tulsarealtors.com; from the Main Menu, click Associate Services tab, then click Register for Classes. (Class Pass Eligible)
Welcome Muskogee!
The Muskogee Association of REALTORS® officially became part of GTAR and NORES on July 1. 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.
EDUCATION & EVENTS:
Thursday, July 18
Let Us “Edutain” You
GTAR’s 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 American Eagle Title Group. FREE to ALL members! Register online at tulsarealtors.com: from the Main Menu, click Associate Services, then click Register for Classes. Learn More
Monday, 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. Pre-registration cost is $15 for members; walk-in cost is $20. Register online at tulsarealtors.com; from the Main Menu, click Associate Services tab, then click Register for Classes. (Class Pass Eligible); Click Here for Course Details
Thursday, July 25
YPN Summer Mixer at Aloft Downtown
4:30-7:00 p.m. Event is FREE and open to ALL members, but registration is required. You can register online by logging on to tulsarealtors.com and clicking on the Other tab, then Events.
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
GOVERNMENT/LEGAL ISSUES:
Fed Basel III Rule a Win for Real Estate
NAR and industry partners notched a key victory in ensuring the continued availability of mortgage financing for borrowers when the Federal Reserve board yesterday released its final rule implementing the BASEL III international banking accords. The rule leaves out an increased risk-weighting provision in the earlier proposed version of the rule that would have made residential mortgages more costly to many borrowers. The proposed rule would have required banks to hold more capital on their books for the residential loans they make. But the final rule leaves the risk-weighting requirement for residential loans unchanged. The rule also eases proposed standards on community banks and extends the time period for banks to adopt the new standards, but it also imposes some new standards on the country's largest banks. NAR is looking carefully at the rule, which is extensive and impacts all bank lending activity, and will be providing a more detailed analysis in the future.
Private Disaster Insurance Market Not Working
The private market for natural disasters insurance isn't working, forcing the federal government to resort to taxpayer-funded disaster aid every time a major hurricane, tornado, flood, earthquake, or other disaster hits, NAR says in a letter to the U.S. Treasury last week. NAR provided its input to Treasury's Federal Insurance Office, which is writing a report on the state of the disaster insurance market as part of flood insurance reform that was enacted last year.
COMMERCIAL RE:
Commercial Lead Rules Premature, NAR Says
NAR reiterated its point that the federal government must do more research before issuing lead-based paint rules on the renovation, repair, and painting of public and commercial buildings.  Harold Huggins of Harold Huggins Realty in Burtonsville, Md., who testified before EPA on behalf of NAR, IREM, and the CCIM Institute, said the federal government lacks data on the prevalence of lead-based paint in commercial and public buildings and hasn't considered the difference between these types of property and residential property, among other things.
INFORMATION TO USE:
Free Consumer Content: Weekend Project Ideas
The latest free content for your websites, blogs, social media pages, and print resources from HouseLogic's REALTOR® Content Resource looks at ideas on do-it-yourself projects that are perfect for a three-day weekend.
MEMBERSHIP APPLICATION:
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.
REALTOR®:
Robert Johnson, Johnson Company Realty (Second Publication)
Robin L. Stout, R. L. Stout Realty (Second Publication)


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