EDUCATION
& EVENTS:
Please Help! GTAR Education Survey
In order to provide you, our members, with the best education
opportunities to meet your professional needs and interests, we need your
input! Please help us by taking a few minutes to complete an important
education survey. Thank you in advance for your anonymous opinion. Click Here to Start Survey (Survey will close August 10!)
August 16
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 $30 for members. 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.
August
22-23
Broker
in Charge Course
If your license type is Broker Manager (BM),
Proprietor Broker (BP), or Branch Broker (BB), even if only for ONE day during
that license term, your OREC CE requirements are no longer the same as those of
a sales associate (SA) or broker associate (BA). From now on, to renew your
real estate license, you will be required to complete an OREC 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). Whether you
are a one-person office or a gazillion-person office, residential or
commercial—this requirement applies to you! Class is 8:30 a.m.-5:00 p.m.
both days; cost is $90; class size is limited to 15. For more information and
to register, go to tulsarealtors.com.
September
6
Real
Estate Agent Safety Training
This year we have a totally NEW Safety Seminar with a
national safety expert who is also a former real estate agent! Tracey Hawkins understands first-hand, the dangers
faced daily by real estate professionals. Her goal is to reach as many
associates and brokers as she can to teach realistic ways to do your job
safely. Class is 9:00 a.m.-12:00 p.m. Whether you need CE credit or not, this
is a class you shouldn’t miss! OREC approved for 3 hours required HOT
CE credit. For course details
course and online registration, log on to tulsarealtors.com; from the Main
Menu, click on the red Education bar, then click Register for Classes. (If you
have a GTAR Class Pass, register by emailing education@tulsarealtors.com or calling 918-663-7500.)
Early-bird Savings Ends August 31
Work
Smarter to Earn More! The CRS 200:
Business Planning & Marketing course from the Council of
Residential Specialists will help you create a strong business that will
withstand any market condition—while making a profit.
In this two-day course with instructor Pat Zaby, you’ll meet other top agents
for prime networking opportunities. Find out what works for other pros—and what
doesn’t, so you’re not stuck re-inventing the wheel. This course is open to all
members whether you are a CRS designee, working on your designation, or just
want the information to help you be a better agent. Class is September 17-18,
8:30 a.m.-5:00 p.m. at GTAR. Course is OREC approved for 16 hours elective CE
credit. Early-bird registration price is
$250 through August 31; after that date,
price will be $275. For course details
and online registration, log on to tulsarealtors.com; from the Main Menu, click
on the red Education bar, then click Register for Classes.
MLS NOTES:
Upcoming Computer Classes
at GTAR
Pre-registration is required; space is
limited to 14 per class. For more information and to enroll: log on to
tulsarealtors.com, 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, August 7, 2:00-4:00
p.m.
Fusion 2 – Hands On: Wednesday, August 8, 2:00-4:00
p.m.
Fusion 3 – Hands On:
Thursday, August 9, 2:00-4:00 p.m.
Try
the New TulsaRealtors.mobi
It’s a great “all inclusive” mobile site for MLS and
Realist tax data on your mobile device. TulsaRealtors.mobi works with
Smartphones and Tablets of ALL kinds—Android, iPhone, iPad, etc.
Now
Available: Realist® Mobile App for iPhones and Android
Access the power of Realist while on the go using your
Smartphone! Get the details of all the houses in a neighborhood while on the
road—instantly and with ease. The days of having to pull a report at the
office are history. Realist Mobile® gives you the
power to share essential market information with your clients. Download the
Realist Mobile® App today: iPhones users, go to the App Store;
android users, go to Google Play. Then, login to Realist desktop to create your
User Name and password. For more information, click here;
for FAQs, click here. Watch your email for a confirmation from realist.info@realist.com.
GOVERNMENT
ISSUES/LEGAL:
Basel III
Capital Standards Raise Concerns
NAR
is asking the Basel Committee on Banking Supervision to study the impact of its
proposed Basel III capital standards on real estate and to extend the public
comment period to 150 days from 90 days. The proposed international standards,
which the Federal Reserve, FDIC, and U.S. Office of the Comptroller of
the Currency have released proposals to adopt, will make already tight mortgage
financing conditions even more tight, NAR says in
a letter, which it submitted as part of a coalition of consumer and real
estate groups. NAR and its coalition partners discussed concerns with Basel III
and proposed qualified mortgage (QM) and qualified residential mortgage (QRM)
rules in a meeting at NAR's Washington office last week. Access a
summary and video of the meeting, which included remarks by current and
former policymakers and Sen. Johnny Isakson (R-Ga.).
FHFA Says
No to GSE Loan Reductions
Fannie
Mae and Freddie Mac can't participate in a plan by the U.S. Treasury to reduce
loan balances for struggling home owners, the
companies' regulator says. The Federal Housing Finance Agency says its internal
analysis finds insufficient savings to the government to warrant the
reductions. U.S. Treasury Secretary Timothy Geithner in a letter
to FHFA asks it to reconsider the decision.
Video:
1,100-page Proposed RESPA Changes
What's
in the 1,100 pages of rule changes to residential real estate settlement
procedures proposed by the Consumer Financial Protection Bureau? In a 6-minute
video, NAR Government Affairs walks you through the main points. CFPB is giving
the public until Nov. 6 to submit comments. Among other things, the changes
have the potential to disrupt the closing process if the rule is finalized in
its current form, NAR says. Access and
share video.
Short Sale
Bill Pushes Lien Holders to Act
NAR
supports a bill to speed up the approval process for homeowners selling their
home through a short sale by requiring subordinate lien holders to review and
respond to short sale requests within 45 days. The "The Fast Help for
Homeowners Act" was introduced in Congress by U.S. Rep. Jerry McNerney
(D-Calif.). More.
Rules Aim
to Help Delinquent Borrowers
NAR
supports proposals by the Consumer Financial Protection Bureau to require early
intervention by servicers and take other steps to help delinquent borrowers.
One point of concern is a proposed 45-day deadline for servicers to make
contact with delinquent borrowers. Thirty days would be better, NAR says. More.
FHA
Expanding Distressed Loan Sales
FHA's
Distressed
Asset Sale Program makes loans available in bulk to investors. The agency’s
original goal was to sell 5,000 loans. That’s been increased to 9,000 for this
quarter (and is expected to remain near the 9,000 level in subsequent quarterly
sales). About 3,500 loans will be sold in Chicago, Newark, Phoenix, and Tampa.
NAR's position on bulk sales is that they should be offered only if they're
necessary and that neighborhoods must be protected.
Designated
Broker Not Personally Liable
A
California appeals
court ruled that an individual serving as the designated broker for a
corporate brokerage isn't personally liable for a salesperson's fraudulent
actions absent special circumstances.
INFORMATION
TO USE:
IREM
Publishes 2012 Benchmarking Reports
The
latest editions of the Institute of Real Estate Management's Income/Expense
Analysis Reports for five key property sectors, which provide benchmarking data
for the industry, are available in print and digital formats. More info is
available on the Publications section of IREM's Web
site. Click on "Income/Expense Analysis® Reports" in drop-down
menu.
Free
Consumer Content: Latest Refi/Mortgage Options
The
latest free content for your websites, blogs, social media pages, and print
resources from HouseLogic's REALTOR® Content Resource looks at refinance and
purchase-money mortgage options.
Free
Consumer Content: Curb Appeal Ideas
The
latest free content for your websites, blogs, social media pages, and print
resources from HouseLogic's REALTOR® Content Resource looks at landscaping
for curb appeal.
COMMERCIAL
REAL ESTATE:
EPA
Pushes Back Proposed Lead-Paint Rule
NAR
is
concerned about the lack of data related to lead-paint hazards to children
when commercial buildings are being renovated, repaired, or painted, and will
make that part of its comments once EPA releases its proposed rule on lead-safe
work practices on commercial and public buildings. The rule has been delayed
twice, most recently until Sept.15.
Commercial Intelligence Briefing
They’re back! NAR’s Commercial’s newest podcast, “Top
Mistakes in Tenant Representation” is now posted. Signature Series Speaker,
Gregory Schenk, SIOR, president, The Schenk Company, Inc. discusses top
mistakes tenants are making when looking for tenant representation among their
brokers. Click to listen and take advantage of this NAR member benefit. Link: http://www.realtor.org/audio/july-2012-top-mistakes-in-tenant-representation
Xceligent Is Game Changer for Commercial Real Estate
NAR Treasurer Bill Armstrong and NAR Senior Vice President
Bob Goldberg want to share some great news in the commercial sector about NAR’s
newest REALTOR Benefits® Partner, Xceligent. This short video tells
how you benefit from this new partnership. Link: http://blog.commercialsource.com/nar-commercials-bill-armstrong-and-bob-goldberg-on-the-new-nar-commercial-member-benefits/.
Stay on Top of Important Local and National Commercial Real Estate Legislation;
stay on top of legislation that affects commercial real estate legislation with
Scout, a free software tool that alerts you when Congress or your State House
proposes legislation that affects you or your clients. Link: http://blog.commercialsource.com/stay-on-top-of-important-local-and-national-commercial-real-estate-legislation-with-scout/
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®:
Jared Brown, Water Rock Real Estate (First
Publication)
Kenneth D. Wright, A Seller’s Helper Realty
Service (First Publication, Reinstatement)
Angela O’Malley, Home Sweet
Home OK, Inc. (Second Publication)
