Latest Home Sales Statistics Now Available
GTAR’s Home Sales Statistics for June 2010 are now available: Click Here
Tuesday, July 27
Don’t Forget to VOTE!
The RPAC Trustees encourage you to exercise your individual right vote July 27! The RPAC Trustees voted to support the following candidates: Ruth Hartje – County Treasurer; John Smaligo – County Commissioner District 1; Drew Rees – County Commissioner District 3. Remember, your dues dollars are not used in support of candidates. If you would like to become involved in this process you may contribute as a member to RPAC and volunteer to serve on the RPAC Committee.
Upcoming Computer Classes at GTAR
Pre-registration is required. For more information or to enroll, log on to tulsarealtors.com and click the red Education bar on the main page. All classes are held in the GTAR Computer Lab.
MarketLinx 2: Wednesday, July 28, 1:00 – 4:00 p.m.
MarketLinx 3 (Prospect Gateway): Friday, July 30, 9:00 – 11:00 a.m.
Build Your Business Fast!
Register by August 16 and Save $25
CRS 106: Fundamentals of Real Estate Technology: Thursday, September 9, 8:30 a.m. – 5:00 p.m. in the GTAR Training Center with nationally recognized instructor, Michael Selvaggio. This course will help you identify which of today’s technologies will help you get the most out of your real estate business and get an edge of your competition. Cost on or before August 16 is $99; after that date cost will be $129. The CRS 106 course earns you one unit of core education credit toward the CRS designation and is OREC approved for 8 hours elective CE credit. Register online at tulsarealtors.com: on the main Member Services page, click on the red Education bar, then click Register for Classes. Click Here for Course Details
Thursday, August 19
Grievance and Professional Standards Committee Training
Are you a REALTOR® member interested in serving on GTAR’s Grievance or Professional Standards Committee? If you answered yes, these classes are for you! Both classes are OREC approved for 3 hours required PSC CE credit each. For course details and to register online, log on to tulsarealtors.com; click the red Education bar on the main Member Services page, then click Register for Classes. Click Here for Course Details
Friday, August 20
25 Ways to Avoid a Lawsuit
This new course will highlight 25 areas that real estate offices should consider when attempting to establish policies to avoid unnecessary and costly litigation. 8:30 – 11:30 a.m. in the GTAR Training Center with nationally recognized instructor and Attorney, Thomas Jacobson. Currently pending OREC approval for 3 hours CE credit. For course details and to register online, log on to tulsarealtors.com; click the red Education bar on the main Member Services page, then click Register for Classes. Click Here for Course Details
August 23 and 24
REO Specialist CertificationEncore Presentation: In this two-day course you will learn how to become an REO listing agent, how to manage REO properties, how to work with the buyer purchasing an REO property, how to finance your REO property, and much more. 9:00 a.m. – 4:00 p.m. in the GTAR Training Center with Marlene Burkhart. Cost is $179. OREC approved for 12 hours required HOT CE credit. Click on the following link for detailed course information and registration: REO Specialist Certification
Now Available: MLS Connect for ZipForm
This new feature allows users to enter an MLS # to pull listing information directly from the NORES MLS system to populate fields in ZipForm. Click Here for instructions to use MLS Connect.
OREC Residential Property Disclosure Statement Form
The OREC Residential Property Disclosure Statement Form has been updated. The new form is now available online at tulsarealtors.com under Forms & Contracts or Click Here
Membership Applications
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.
REALTORS®:
Charles McBride, associated with Bailey-Foristell, Inc. (Second Publication)
Monday, July 26, 2010
Tuesday, July 20, 2010
Weekly Facts Blog – July 19, 2010
Now Available: MLS Connect for ZIPFORM
This new feature allows users to enter an MLS # to pull listing information directly from the NORES MLS system to populate fields in ZipForm. Click Here for instructions to use MLS Connect.
OREC Residential Property Disclosure Statement Form
The OREC Residential Property Disclosure Statement Form has been updated. The new form is now available online at tulsarealtors.com under Forms & Contracts or Click Here
THIS WEEK!
Thursday, July 22
RCA Insight Social
A commercial REALTOR® networking event: First Place Towers in beautiful downtown Tulsa. Come join us for a commercial networking event with other commercial REALTORS®. In contrast to our usual event, we will not have any speakers. In other words, come socialize with us. Appetizers and a cash bar will be available. Click Here to RSVP
July CE Classes at GTAR
For more information on the following CE classes, and to register: log on to tulsarealtors.com, from the Main Menu click the red Education bar, then click Register for Classes. All classes will be in the GTAR Training. OREC required FHR and BRA classes are held quarterly at GTAR; PSC is held every other month; and HOT courses are offered at least once a quarter.
OK Broker Relationships: Monday, July 26, 1:00-4:00 p.m. (required BRA CE)
Upcoming Computer Classes at GTAR
Pre-registration is required. For more information or to enroll, log on to tulsarealtors.com and click the red Education bar on the main page. All classes are held in the GTAR Computer Lab.
MarketLinx 2: Wednesday, July 28, 1:00 – 4:00 p.m.
MarketLinx 3 (Prospect Gateway): Friday, July 30, 9:00 – 11:00 a.m.
Build Your Business Fast!
CRS 106: Fundamentals of Real Estate Technology
Thursday, September 9, 8:30 a.m. – 5:00 p.m. in the GTAR Training Center with nationally recognized instructor, Michael Selvaggio. This course will help you identify which of today’s technologies will help you get the most out of your real estate business and get an edge of your competition. Cost on or before August 16 is $99; after that date cost will be $129. The CRS 106 course earns you one unit of core education credit toward the CRS designation and is OREC approved for 8 hours elective CE credit. Register online at tulsarealtors.com: on the main Member Services page, click on the red Education bar, then click Register for Classes. Click Here for Course Details
Thursday, August 19
Grievance and Professional Standards Committee Training Are you a REALTOR® member interested in serving on GTAR’s Grievance or Professional Standards Committee? If you answered yes, these classes are for you! Both classes are OREC approved for 3 hours required PSC CE credit each. For course details and to register online, log on to tulsarealtors.com; click the red Education bar on the main Member Services page, then click Register for Classes. Click Here for Course Details
Friday, August 20
25 Ways to Avoid a Lawsuit
This new course will highlight 25 areas that real estate offices should consider when attempting to establish policies to avoid unnecessary and costly litigation. 8:30 – 11:30 a.m. in the GTAR Training Center with nationally recognized instructor and Attorney, Thomas Jacobson. Currently pending OREC approval for 3 hours CE credit. For course details and to register online, log on to tulsarealtors.com; click the red Education bar on the main Member Services page, then click Register for Classes. Click Here for Course Details
August 23 and 24
REO Specialist Certification
Encore Presentation: In this two-day course you will learn how to become an REO listing agent, how to manage REO properties, how to work with the buyer purchasing an REO property, how to finance your REO property, and much more. 9:00 a.m. – 4:00 p.m. in the GTAR Training Center with Marlene Burkhart. Cost is $179. OREC approved for 12 hours required HOT CE credit. Click on the following link for detailed course information and registration: REO Specialist Certification
New RESPA Interpretive Rule
Under section 8 of RESPA and HUD’s implementing RESPA regulations, services performed by real estate brokers and agents as additional settlement services in a real estate transaction are compensable if the services are actual, necessary, and distinct from the primary services provided by the real estate broker or agent, the services are not nominal, and the payment is not a duplicative charge. A referral is not a compensable service for which a broker or agent may receive compensation. To read this Interpretive rule in its entirety, and provide comments, please Click Here
New Square Footage Form Now Available
The GTAR/NORES Boards of Directors approved a Square Footage Waiver and Release form. The use of this form is recommended to Brokers with residential sales of homes, sales of vacant lots/land, and leasing. The form is available online under Forms and Contracts. Click Here to View Form
Membership Applications
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.
REALTORS®:
Charles McBride, associated with Bailey-Foristell, Inc. (First Publication)
Drew Cartwright, Cartwright Appraisal Company (Second Publication)
This new feature allows users to enter an MLS # to pull listing information directly from the NORES MLS system to populate fields in ZipForm. Click Here for instructions to use MLS Connect.
OREC Residential Property Disclosure Statement Form
The OREC Residential Property Disclosure Statement Form has been updated. The new form is now available online at tulsarealtors.com under Forms & Contracts or Click Here
THIS WEEK!
Thursday, July 22
RCA Insight Social
A commercial REALTOR® networking event: First Place Towers in beautiful downtown Tulsa. Come join us for a commercial networking event with other commercial REALTORS®. In contrast to our usual event, we will not have any speakers. In other words, come socialize with us. Appetizers and a cash bar will be available. Click Here to RSVP
July CE Classes at GTAR
For more information on the following CE classes, and to register: log on to tulsarealtors.com, from the Main Menu click the red Education bar, then click Register for Classes. All classes will be in the GTAR Training. OREC required FHR and BRA classes are held quarterly at GTAR; PSC is held every other month; and HOT courses are offered at least once a quarter.
OK Broker Relationships: Monday, July 26, 1:00-4:00 p.m. (required BRA CE)
Upcoming Computer Classes at GTAR
Pre-registration is required. For more information or to enroll, log on to tulsarealtors.com and click the red Education bar on the main page. All classes are held in the GTAR Computer Lab.
MarketLinx 2: Wednesday, July 28, 1:00 – 4:00 p.m.
MarketLinx 3 (Prospect Gateway): Friday, July 30, 9:00 – 11:00 a.m.
Build Your Business Fast!
CRS 106: Fundamentals of Real Estate Technology
Thursday, September 9, 8:30 a.m. – 5:00 p.m. in the GTAR Training Center with nationally recognized instructor, Michael Selvaggio. This course will help you identify which of today’s technologies will help you get the most out of your real estate business and get an edge of your competition. Cost on or before August 16 is $99; after that date cost will be $129. The CRS 106 course earns you one unit of core education credit toward the CRS designation and is OREC approved for 8 hours elective CE credit. Register online at tulsarealtors.com: on the main Member Services page, click on the red Education bar, then click Register for Classes. Click Here for Course Details
Thursday, August 19
Grievance and Professional Standards Committee Training Are you a REALTOR® member interested in serving on GTAR’s Grievance or Professional Standards Committee? If you answered yes, these classes are for you! Both classes are OREC approved for 3 hours required PSC CE credit each. For course details and to register online, log on to tulsarealtors.com; click the red Education bar on the main Member Services page, then click Register for Classes. Click Here for Course Details
Friday, August 20
25 Ways to Avoid a Lawsuit
This new course will highlight 25 areas that real estate offices should consider when attempting to establish policies to avoid unnecessary and costly litigation. 8:30 – 11:30 a.m. in the GTAR Training Center with nationally recognized instructor and Attorney, Thomas Jacobson. Currently pending OREC approval for 3 hours CE credit. For course details and to register online, log on to tulsarealtors.com; click the red Education bar on the main Member Services page, then click Register for Classes. Click Here for Course Details
August 23 and 24
REO Specialist Certification
Encore Presentation: In this two-day course you will learn how to become an REO listing agent, how to manage REO properties, how to work with the buyer purchasing an REO property, how to finance your REO property, and much more. 9:00 a.m. – 4:00 p.m. in the GTAR Training Center with Marlene Burkhart. Cost is $179. OREC approved for 12 hours required HOT CE credit. Click on the following link for detailed course information and registration: REO Specialist Certification
New RESPA Interpretive Rule
Under section 8 of RESPA and HUD’s implementing RESPA regulations, services performed by real estate brokers and agents as additional settlement services in a real estate transaction are compensable if the services are actual, necessary, and distinct from the primary services provided by the real estate broker or agent, the services are not nominal, and the payment is not a duplicative charge. A referral is not a compensable service for which a broker or agent may receive compensation. To read this Interpretive rule in its entirety, and provide comments, please Click Here
New Square Footage Form Now Available
The GTAR/NORES Boards of Directors approved a Square Footage Waiver and Release form. The use of this form is recommended to Brokers with residential sales of homes, sales of vacant lots/land, and leasing. The form is available online under Forms and Contracts. Click Here to View Form
Membership Applications
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.
REALTORS®:
Charles McBride, associated with Bailey-Foristell, Inc. (First Publication)
Drew Cartwright, Cartwright Appraisal Company (Second Publication)
Monday, July 12, 2010
Weekly Facts Blog – July 12, 2010
Pre Order the iPhone eKEY Adapter
We are excited to announce that we are getting very close to releasing eKEY for iPhone. We want to give you the first opportunity to pre order the Supra eKEY Adapter. What is the Supra eKEY Adapter? It is a small device that plugs into the 30-pin-connector on the bottom of the iPhone. This device contains an Apple-authorized chip that allows the iPhone to communicate with the iBox using low-powered Infrared. It is designed to attach to a key chain when not in use and does not require batteries. To learn more about the Supra eKEY Adapter, Click Here Pricing: The Adapter price will be $58.90 plus tax. In addition to the quarterly key system access fee of $29.25, there will be an additional Quarterly fee to use the iPhone as your key: Basic service $25.35 or Professional service (which will be available at the end of the year) $49.35. Shipping Details: We estimate that we will receive the adapters around the end of August. How to Order: Please contact NORES at 918-663-7500 or by email helpdesk@tulsarealtors.com to pre-order Supra eKEY Adapters. Your account will not be billed until the adapters arrive. Orders are due by Friday, July 16 at 11:30 am.
July CE Classes at GTAR
For more information on the following CE classes, and to register: log on to tulsarealtors.com, from the Main Menu click the red Education bar, then click Register for Classes. All classes will be in the GTAR Training. OREC required FHR and BRA classes are held quarterly at GTAR; PSC is held every other month; and HOT courses are offered at least once a quarter.
REALTOR® Ethics: Thursday, July 15, 1:00-4:00 p.m. (required PSC CE)
Fair Housing and Ethical Practices: Tuesday, July 20, 1:00-4:00 p.m. (required FHR CE)
OK Broker Relationships: Monday, July 26, 1:00-4:00 p.m. (required BRA CE)
Upcoming Computer Classes at GTAR
Pre-registration is required. For more information or to enroll, log on to tulsarealtors.com and click the red Education bar on the main page. All classes are held in the GTAR Computer Lab.
MarketLinx 1: Monday, July 19, 1:00 – 4:00 p.m.
MarketLinx 2: Wednesday, July 28, 1:00 – 4:00 p.m.
MarketLinx 3 (Prospect Gateway): Friday, July 30, 9:00 – 11:00 a.m.
July 22
RCA Insight Social
A commercial REALTOR® networking event: First Place Towers in beautiful downtown Tulsa. Come join us for a commercial networking event with other commercial REALTORS®. In contrast to our usual event, we will not have any speakers. In other words, come socialize with us. Appetizers and a cash bar will be available. More details to follow.
July 28 and 29
Broker in Charge Course
Attention ALL Real Estate BROKERS: Your OREC Continuing Education Requirements are changing! If your license type is a Broker Manager (BM), Proprietor Broker (BP), or Branch Broker (BB) (even if only for ONE day during that license term) AND your real estate license expires on or after June 30, 2012, then you are required to complete an 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) prior to your license renewal. GTAR’s first offering of the Broker in Charge course is scheduled for Wednesday and Thursday, July 28 and 29, 8:30 a.m. to 5:00 p.m. in GTAR’s North Conference Room. Cost is $90. Class size is limited to 15; class is almost full. For more information and to register, log on to tulsarealtors.com; from the Main Menu click the red Education bar, then click Register for Classes. Click Here for Course Details
Build Your Business Fast!
CRS 106: Fundamentals of Real Estate Technology
Thursday, September 9, 8:30 a.m. – 5:00 p.m. in the GTAR Training Center with nationally recognized instructor, Michael Selvaggio. This course will help you identify which of today’s technologies will help you get the most out of your real estate business and get an edge of your competition. Cost on or before August 16 is $99; after that date cost will be $129. The CRS 106 course earns you one unit of core education credit toward the CRS designation and is OREC approved for 8 hours elective CE credit. Register online at tulsarealtors.com: on the main Member Services page, click on the red Education button, then click Register for Classes. Click Here for Course Details
Thursday, August 19
Grievance & Professional Standards Committee
Training
Are you a REALTOR® member interested in serving on GTAR’s Grievance or Professional Standards Committee? If you answered yes, these classes are for you! Both classes are OREC approved for 3 hours required PSC CE credit each. For course details and to register online, log on to tulsarealtors.com; click the red Education bar on the main Member Services page, then click Register for Classes. Click Here for Course Details
Friday, August 20
25 Ways to Avoid a Lawsuit
This new course will highlight 25 areas that real estate offices should consider when attempting to establish policies to avoid unnecessary and costly litigation. 8:30 – 11:30 a.m. in the GTAR Training Center with nationally recognized instructor and Attorney, Thomas Jacobson. Currently pending OREC approval for 3 hours CE credit. For course details and to register online, log on to tulsarealtors.com; click the red Education bar on the main Member Services page, then click Register for Classes. Click Here for Course Details
August 23 and 24
REO Specialist Certification
Encore Presentation: In this two-day course you will learn how to become an REO listing agent, how to manage REO properties, how to work with the buyer purchasing an REO property, how to finance your REO property, and much more. 9:00 a.m. – 4:00 p.m. in the GTAR Training Center with Marlene Burkhart. Cost is $179. OREC approved for 12 hours required HOT CE credit. Click on the following link for detailed course information and registration: REO Specialist Certification
Broken Arrow Ranked 81 on Top 100 Places to Live in 2010
Click Here to Read
New RESPA Interpretive Rule
Under section 8 of RESPA and HUD’s implementing RESPA regulations, services performed by real estate brokers and agents as additional settlement services in a real estate transaction are compensable if the services are actual, necessary, and distinct from the primary services provided by the real estate broker or agent, the services are not nominal, and the payment is not a duplicative charge. A referral is not a compensable service for which a broker or agent may receive compensation. To read this Interpretive rule in its entirety, and provide comments, please Click Here
Scam Alert:
NAR Legal Affairs has learned of a new scheme designed to trick unwary real estate professionals into forwarding money to the scheme operators. For more information Click Here
Homebuyer Tax Credit Closing Date Extended(June 30, 2010) Congress has passed an extension of the Homebuyer Tax Credit closing deadline—the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension. The new closing deadline for eligible transactions is September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law.
New Square Footage Form Now Available
The GTAR/NORES Boards of Directors approved a Square Footage Waiver and Release form. The use of this form is recommended to Brokers with residential sales of homes, sales of vacant lots/land, and leasing. The form is available online under Forms and Contracts. Click Here to View Form
Membership Applications
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.
REALTORS®:
Drew Cartwright, Cartwright Appraisal Company (First Publication)
Kelly Garrison, associated with McGraw, REALTORS® (Second Publication)
Sherry Remy, associated with Signature Real Estate (Second Publication)
We are excited to announce that we are getting very close to releasing eKEY for iPhone. We want to give you the first opportunity to pre order the Supra eKEY Adapter. What is the Supra eKEY Adapter? It is a small device that plugs into the 30-pin-connector on the bottom of the iPhone. This device contains an Apple-authorized chip that allows the iPhone to communicate with the iBox using low-powered Infrared. It is designed to attach to a key chain when not in use and does not require batteries. To learn more about the Supra eKEY Adapter, Click Here Pricing: The Adapter price will be $58.90 plus tax. In addition to the quarterly key system access fee of $29.25, there will be an additional Quarterly fee to use the iPhone as your key: Basic service $25.35 or Professional service (which will be available at the end of the year) $49.35. Shipping Details: We estimate that we will receive the adapters around the end of August. How to Order: Please contact NORES at 918-663-7500 or by email helpdesk@tulsarealtors.com to pre-order Supra eKEY Adapters. Your account will not be billed until the adapters arrive. Orders are due by Friday, July 16 at 11:30 am.
July CE Classes at GTAR
For more information on the following CE classes, and to register: log on to tulsarealtors.com, from the Main Menu click the red Education bar, then click Register for Classes. All classes will be in the GTAR Training. OREC required FHR and BRA classes are held quarterly at GTAR; PSC is held every other month; and HOT courses are offered at least once a quarter.
REALTOR® Ethics: Thursday, July 15, 1:00-4:00 p.m. (required PSC CE)
Fair Housing and Ethical Practices: Tuesday, July 20, 1:00-4:00 p.m. (required FHR CE)
OK Broker Relationships: Monday, July 26, 1:00-4:00 p.m. (required BRA CE)
Upcoming Computer Classes at GTAR
Pre-registration is required. For more information or to enroll, log on to tulsarealtors.com and click the red Education bar on the main page. All classes are held in the GTAR Computer Lab.
MarketLinx 1: Monday, July 19, 1:00 – 4:00 p.m.
MarketLinx 2: Wednesday, July 28, 1:00 – 4:00 p.m.
MarketLinx 3 (Prospect Gateway): Friday, July 30, 9:00 – 11:00 a.m.
July 22
RCA Insight Social
A commercial REALTOR® networking event: First Place Towers in beautiful downtown Tulsa. Come join us for a commercial networking event with other commercial REALTORS®. In contrast to our usual event, we will not have any speakers. In other words, come socialize with us. Appetizers and a cash bar will be available. More details to follow.
July 28 and 29
Broker in Charge Course
Attention ALL Real Estate BROKERS: Your OREC Continuing Education Requirements are changing! If your license type is a Broker Manager (BM), Proprietor Broker (BP), or Branch Broker (BB) (even if only for ONE day during that license term) AND your real estate license expires on or after June 30, 2012, then you are required to complete an 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) prior to your license renewal. GTAR’s first offering of the Broker in Charge course is scheduled for Wednesday and Thursday, July 28 and 29, 8:30 a.m. to 5:00 p.m. in GTAR’s North Conference Room. Cost is $90. Class size is limited to 15; class is almost full. For more information and to register, log on to tulsarealtors.com; from the Main Menu click the red Education bar, then click Register for Classes. Click Here for Course Details
Build Your Business Fast!
CRS 106: Fundamentals of Real Estate Technology
Thursday, September 9, 8:30 a.m. – 5:00 p.m. in the GTAR Training Center with nationally recognized instructor, Michael Selvaggio. This course will help you identify which of today’s technologies will help you get the most out of your real estate business and get an edge of your competition. Cost on or before August 16 is $99; after that date cost will be $129. The CRS 106 course earns you one unit of core education credit toward the CRS designation and is OREC approved for 8 hours elective CE credit. Register online at tulsarealtors.com: on the main Member Services page, click on the red Education button, then click Register for Classes. Click Here for Course Details
Thursday, August 19
Grievance & Professional Standards Committee
Training
Are you a REALTOR® member interested in serving on GTAR’s Grievance or Professional Standards Committee? If you answered yes, these classes are for you! Both classes are OREC approved for 3 hours required PSC CE credit each. For course details and to register online, log on to tulsarealtors.com; click the red Education bar on the main Member Services page, then click Register for Classes. Click Here for Course Details
Friday, August 20
25 Ways to Avoid a Lawsuit
This new course will highlight 25 areas that real estate offices should consider when attempting to establish policies to avoid unnecessary and costly litigation. 8:30 – 11:30 a.m. in the GTAR Training Center with nationally recognized instructor and Attorney, Thomas Jacobson. Currently pending OREC approval for 3 hours CE credit. For course details and to register online, log on to tulsarealtors.com; click the red Education bar on the main Member Services page, then click Register for Classes. Click Here for Course Details
August 23 and 24
REO Specialist Certification
Encore Presentation: In this two-day course you will learn how to become an REO listing agent, how to manage REO properties, how to work with the buyer purchasing an REO property, how to finance your REO property, and much more. 9:00 a.m. – 4:00 p.m. in the GTAR Training Center with Marlene Burkhart. Cost is $179. OREC approved for 12 hours required HOT CE credit. Click on the following link for detailed course information and registration: REO Specialist Certification
Broken Arrow Ranked 81 on Top 100 Places to Live in 2010
Click Here to Read
New RESPA Interpretive Rule
Under section 8 of RESPA and HUD’s implementing RESPA regulations, services performed by real estate brokers and agents as additional settlement services in a real estate transaction are compensable if the services are actual, necessary, and distinct from the primary services provided by the real estate broker or agent, the services are not nominal, and the payment is not a duplicative charge. A referral is not a compensable service for which a broker or agent may receive compensation. To read this Interpretive rule in its entirety, and provide comments, please Click Here
Scam Alert:
NAR Legal Affairs has learned of a new scheme designed to trick unwary real estate professionals into forwarding money to the scheme operators. For more information Click Here
Homebuyer Tax Credit Closing Date Extended(June 30, 2010) Congress has passed an extension of the Homebuyer Tax Credit closing deadline—the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension. The new closing deadline for eligible transactions is September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law.
New Square Footage Form Now Available
The GTAR/NORES Boards of Directors approved a Square Footage Waiver and Release form. The use of this form is recommended to Brokers with residential sales of homes, sales of vacant lots/land, and leasing. The form is available online under Forms and Contracts. Click Here to View Form
Membership Applications
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.
REALTORS®:
Drew Cartwright, Cartwright Appraisal Company (First Publication)
Kelly Garrison, associated with McGraw, REALTORS® (Second Publication)
Sherry Remy, associated with Signature Real Estate (Second Publication)
Tuesday, July 6, 2010
Weekly Facts Blog – July 5, 2010
New RESPA Interpretive Rule
Under section 8 of RESPA and HUD’s implementing RESPA regulations, services performed by real estate brokers and agents as additional settlement services in a real estate transaction are compensable if the services are actual, necessary, and distinct from the primary services provided by the real estate broker or agent, the services are not nominal, and the payment is not a duplicative charge. A referral is not a compensable service for which a broker or agent may receive compensation. To read this Interpretive rule in its entirety, and provide comments, please Click Here
Homebuyer Tax Credit Closing Date Extended
(June 30, 2010) Congress has passed an extension of the Homebuyer Tax Credit closing deadline—the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension. The new closing deadline for eligible transactions is September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law.
Latest Home Sales Statistics Now Available
GTAR’s Home Sales Statistics for May 2010 are now available on the desktop page inside MarketLinx. They are also in the July GTAR World newsletter which you can access from the Member Services page of tulsarealtors.com. (The link to the newsletter was emailed to all members on July 2.) You can also Click Here Click Here
New Square Footage Form Now Available
The GTAR Boards of Directors approved a Square Footage Waiver and Release form. The use of this form is recommended to Brokers with residential sales of homes, sales of vacant lots/land, and leasing. The form is available online under Forms and Contracts. Click Here to View
We Need Your Input! State Reps and Senate Races
OAR is looking for input from our local board for when the OAR RPAC Trustees consider State Representative and State Senate races which will be decided in the primary. Following are the candidates: State Representative Races: District 73 - Tulsa (Jabar Shumate* and Kevin Matthews); District 74 – Owasso (David Derby* and Joe Kelley); District 76 – Broker Arrow (David Brumbaugh and Tony Curtis Griffith); District 86 – Stilwell (John Auffett*, Jeff Collyge, and Will Fourkiller). State Senate Races: Disctict 34 – Owasso (Rick Brinkley and Tim Coager). If you know one of the candidates, please tell us what you think! The OAR RPAC Trustees have the ultimate approval in all contributions for State Senator and State Representative races. Information of special interest is if a REALTOR® member is running for office. If you have any input, please email jbays@tulsarealtor.com.
July CE Classes at GTAR
For more information on the following CE classes, and to register: log on to tulsarealtors.com, from the Main Menu click the red Education bar, then click Register for Classes. All classes will be in the GTAR Training. OREC required FHR and BRA classes are held quarterly at GTAR; PSC is held every other month; and HOT courses are offered at least once a quarter.
REALTOR® Ethics: Thursday, July 15, 1:00-4:00 p.m. (required PSC CE) – No Cost!
Fair Housing and Ethical Practices: Tuesday, July 20, 1:00-4:00 p.m. (required FHR CE)
OK Broker Relationships: Monday, July 26, 1:00-4:00 p.m. (required BRA CE)
July 28 and 29
Broker in Charge Course
Attention ALL Real Estate BROKERS: Your OREC Continuing Education Requirements are changing! If your license type is a Broker Manager (BM), Proprietor Broker (BP), or Branch Broker (BB) (even if only for ONE day during that license term) AND your real estate license expires on or after June 30, 2012, then you are required to complete an 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) prior to your license renewal. GTAR’s first offering of the Broker in Charge course is scheduled for Wednesday and Thursday, July 28 and 29, 8:30 a.m. to 5:00 p.m. in GTAR’s North Conference Room. Cost is $90. Class size is limited to 15. For more information and to register, log on to tulsarealtors.com; from the Main Menu click the red Education bar, then click Register for Classes. Click Here for Details
Did You Know OREC Approved CE Courses are Available 365 Days a Year—Day or Night?
Through GTAR’s partnership with McKISSOCK, a wide range of OREC approved continuing education courses for real estate associates and brokers, as well as real estate appraisers, are available online to take at your convenience. A 21-hour package deal is available for only $78—that’s less than $5 per hour to fulfill OREC’s CE requirements. Click on the following link to take a look at all the courses available to you: GTAR Online Education
July 22
RCA Insight Social
A commercial REALTOR® networking event: First Place Towers in beautiful downtown Tulsa. Come join us for a commercial networking event with other commercial REALTORS®. In contrast to our usual event, we will not have any speakers. In other words, come socialize with us. Appetizers and a cash bar will be available. More details to follow.
Upcoming Computer Classes at GTAR
Pre-registration is required. For more information or to enroll, log on to tulsarealtors.com and click the red Education bar on the main page. All classes are held in the GTAR Computer Lab.
MarketLinx 1: Monday, July 19, 1:00 – 4:00 p.m.
MarketLinx 2: Wednesday, July 7, 1:00 – 4:00 p.m.
MarketLinx 2: Wednesday, July 28, 1:00 – 4:00 p.m.
MarketLinx 3 (Prospect Gateway): Friday, July 30, 9:00 – 11:00 a.m.
Membership Applications
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.
REALTORS®:
Kelly Garrison, associated with McGraw, REALTORS (First Publication)
Sherry Remy, associated with Signature Real Estate (First Publication)
Patsy Rhodes, associated with Nationwide Realty (Second Publication)
MLS Participation:
Leigh Wendlandt, d/b/a Red Hot Realty (Second Publication)
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