October 2012 Newsletter

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Inside this

issue:

2012 Award Winners

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RPAC Drive 3

September Statistics

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13 Ways To Stay Ahead Of The Bad Guys

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LAR Calender 6

Education 7

IRES Article

& Calendar

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+

9

Govermental

Affairs

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Volume 1, Issue 32 October 2012

Dene Yarwood Kim Ranes Bob Danos 2013 President 2013 President Elect Past President , CAR Director

Tara Boston Damian Wise Josh Hunter Treasurer Secretary Director

Ed Regel Vicky Marchino Terry Lee Director Director Director

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Jack Edson

TourFactory Virtual Tours

Reid Williams

KW 1st Realty Associates

Jonathan Holderby

Property Management Plus , Inc

Debbie Halsey

Wright Kingdom Real Estate

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Thank you to everyone that Contributed to

The 2012 RPAC Drive.

A special thanks to Joe Mejia with

State Farm Insurance Company For Donating the

Apple iPad2 !

Our Lucky iPad2 Drawing Winner Is

Kristel Acre With

Keller Williams 1st Realty Associates

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1. Carry a cell phone and program it so that the police emergency number is on speed dial.

2. The more exposure you have, the greater your risk. Concentrate on your professional proficiency

rather than personal information in newspapers and resumes.

3. Don’t get caught off guard at open houses or listing presentations. Prepare a scenario so that you

can leave or encourage the person making you uncomfortable to leave. Some ideas: Your beeper

went off, and you have to call your office; you left some information in your car you need to get;

mention that you’re expecting another salesperson with buyers in a few minutes.

4. If you’re accosted in a parking lot and forced to drive, don’t leave the area. One suggestion: If

you’re in a crowded area, run your vehicle into another one or into something else, such as a

building or a tree. You’ll attract attention, and that’s the last thing a perpetrator wants. If you’re

confronted at your car, throw your car key in one direction and run screaming in the opposite

direction. For this reason, keep your car key separate from your other keys.

5. Make a copy of the party’s driver’s license and write down a car license if you can. If possible, get

an

employer’s name and call to confirm employment. It’s tempting to start showing homes right away to

walk-ins, but it’s better if you get information and make an appointment for the following day so that

you have time to fact check.

6. Check county property records to confirm the ownership of property before you go to a listing

appointment or approach a FSBO. The more information you have, the easier and quicker it is for

police to catch a

perpetrator if you become a crime victim.

7. Know the sales area. Preview the property. Meet the buyers at your office, where they can be

seen by your co-workers. Then travel separately to the property: Don’t feel obligated to act as a

chauffeur.

8. It’s better to walk away from a listing or not show a house if you have an uneasy feeling.

9. Let your office know where you are at all times. Arrange to call your office at a specific time and

do it. No excuses.

10. Take someone with you to open houses, listing appointments, and showings.

11. If a buyer wants to see houses in an area you perceive as unsafe, don’t go.

12. Carry pepper spray on your key ring and in your car and know how to use it. Take a personal

safety course.

13. Exercise caution when being approached by a vehicle with blue lights at night. Call911 to identify

the vehicle, turn on your flashers to acknowledge that you see the police car, and keep moving until

you’re in a well-lit area.

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October

Sun Mon Tue Wed Thu Fri Sat

1 2 3 4

Water & Water

Rights

5 6

7 8 9 10

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2012 CREC Update

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14 CAR

Convention

15 CAR

Convention

16 CAR

Convention

LAR Happy hour

The Inn Between

3:30-6:30pm

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Google cloud

Computing

At BARA

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Google Universe

At BARA

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21 22 23

HUD Class

24 25

Sandy Pettinger

Class

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IRESis Essentials

9-11am

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28 29 30 31

Be sure to look at your Friday Notice for more

information on meetings & events at the LAR!

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2012 4 Hr. Commission Update Date:10/11/2012 Time: 9am-1pm Instructor: Lorraine Roemer CE Credit: 4 Cost: $35 REALTORS/ $50 Non-Members Residential Mortgage Industry & Regulations Date: 10/25/2012 Time: 9am-12pm Instructor: Sandy Pettinger CE Credit: 3 Cost: $20/$30 2012 4 Hr. Commission Update Date:11/1/2012 Time: 9am-1pm Instructor: Lorraine Roemer CE Credit: 4 Cost: $35 REALTORS/ $50 Non-Members Survey & Improvement Location Cert. Date:11/8/2012 Time: 9am-12pm Instructor: Ron Childs Sponsor: Dana Schnorr CE Credit: 3 Cost: * For complete class details and to register for any of the above

classes, please visit our website at www.longmontrealtors.com

just click on the education tab.

Please Support your Association

by taking your classes at LAR!

We would like to Thank the following Affiliates for their generous

Class Sponsorship during the month of July

Kyle Snyder, Land Title

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RE Technology: Stay in the Loop

By Niki Moran, Projects Manager

With technology at the hub of business, it's critical to be aware of new products, train-

ing opportunities, and market trends. But it can be a real challenge digging through the in-

formation superhighway in hopes of finding what you need. At the IRES office, we were ex-

periencing the same problem and found a great solution for all of us: RE Technology.

RE Technology aims to provide real estate industry professionals with the best source

of technology information available to meet their business needs. With decades of business,

technology, and real estate experience, the founders deliver insightful and reliable content.

Sign up for a daily or weekly email digest tailored for you, depending on whether you

are an Employing or Associate broker. Be informed of upcoming webinars & seminars

offered by the top technology experts, view product reviews, read about the hot topics from

national conferences, and network on the most read industry blogs. If you need to research

products (e.g. CRM, expense tracking, back office, etc.) a link to the RE Technology store is

included in each email, or the site can be accessed directly from IRESis.com.

The best news: IRES has negotiated a free RE Technology subscription for each IRES

subscriber! Signing up is easy. To stay in the technology loop, simply click the RE

Technology link on the Start Screen of IRESis.com and create your free account.

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PRIMARY REALTOR® MEMBERSHIP:

Linda Keseric – Prospect Sales Company Inc. Nancy Hyde – Regel & Associates Randy Hyde – Regel & Associates Velia Wilder – KW 1st Realty Associates SECONDARY DESIGNATED REALTOR® MEMBERSHIP: Ceri Anderson – The Group Inc PRIMARY REALTOR DROPS: Wayne Woellhaf – CB Residential Charlie Wilkinson – The Landmark Group James Walker – ERA Tradewind Real Estate Dick Townsend – MB Townsend Properties Mary Patzer – MB Patzer Real Estate Stephanie Javernick – White and White Realty Candis Hurst – Boulder Mountain Realty Thupten Gawa – KW Front Range Properties Marne Engelking – Prudential Team Realty Charles Dull – 5th Avenue Real Estate Matt DePofi – The Landmark Group Barry Carp – The Landmark Group Alicia Bonsett – The Landmark Group Rick Behrens – KW 1st Realty Associates Besty Ann Molnar – CB Residential Boulder SECONDARY DESIGNATED REALTOR® DROPS: Gerald Mayo – Prudential Team Realty OFFICE DROPS: Key Realty Group The Landmark Group MB Townsend Properties MB Patzer Real Estate Prudential Team Realty 5th Avenue Real Estate NEW REALTOR® OFFICE: Prospect Sales Company Inc. MB Longmont Home Sales The Group, Inc. SECONDARY AFFILIATE MEMBERSHIP: Lindsay Schmidt – Heritage Title Company PRIMARY AFFILIATE DROPS: Jenny Kipp – Charm Home Staging Stephanie Emch – Home State Bank-Erie Debra Kuzemchak – Home & Land of Boulder County Peggy Altschuler – Legal Shield

REALTOR® TRANSFERS: Sharon Seymour – Key Realty Group – The Group Inc. Michael Gianetti – Key Realty Group – MB Longmont Home Sales

Your local Land Title real estate sales

and marketing consultant is

Kyle Snyder

303.328.7157

or

[email protected]

Do You Have A Change?????

Please notify LAR

whenever you have a change in

address, email, or phone number.

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Barbara Koelzer, Regional Government Affairs Director [email protected] 303.886.5675

2012

Government Affairs Update

LOCAL

Boulder County

Longmont

• “Spotlight on Longmont” November 29: This event is being hosted by the Boulder Area REALTOR®

Association and the Longmont Association of REALTORS®. It will feature the most current information on Long-

mont’s economic health and growth, housing development and statistics, and plans for critical infrastructure to sup-

port great neighborhoods and a vibrant economy. This event will begin at 8:30 AM and includes breakfast.

It is complimentary for BARA and LAR members. More information and registration instructions will follow in

November.

• LAR Endorses Denig: Following a recommendation from the Government Affairs Committee, the Longmont

Association of REALTORS® endorsed Maureen Denig (R) for Boulder County Commissioner, District 2. Like LAR,

Ms. Denig feels that the current County Commission is “Boulder-Centric”. She agrees that the emphasis on

acquisition of additional open space and environment/climate programs should not be the top priorities of our

county government.

Ms. Denig believes the County’s current policies and regulations are not friendly to business or conducive to

encouraging growth. If elected she intends to help steer the Board of County Commissioners in a new direction. Read

more about Maureen Denig here: http://www.maureenforbouldercounty.com/. She is running against Deb Gardner who

was appointed to serve as commissioner after resigning her House seat (District 12) in 2012.

REGION

• Save the Date - Annual Northern Colorado Real Estate Conference: The Everitt Real Estate Center is

holding its 16th annual conference on October 24, 7:00 AM to 1:30 PM at the Fort Collins Marriott. This year’s

conference will focus on the topic of shopping center development. Speakers will include: Chad McWhinney, CEO

& Co-Founder of ?McWhinney, Donald G. Provost, Founding Principle?Alberta Development Partners, LLC -

Foothills Mall, Allen Ginsborg, Managing Director & Principle?NewMark Merrill - Twin Peaks Mall and John Covert,

Director, ?MetroStudy. Registration will be available soon at http://biz.colostate.edu/EREC/events/Pages/

events.aspx.

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NATION

• New Rule Proposed for Higher-Risk Mortgages: The Federal Reserve Board has joined with five other federal regulatory

agencies in proposing a new rule to impose appraisal requirements for loans

secured by a borrower’s home and bearing interest rates higher than the average prime offer rate (APOR) for comparable

properties and mortgages. Higher-risk loans will now require creditors to use a licensed or certified appraiser who prepares a

complete report on physical inspection of the property. Applicants for a loan must be furnished a free copy of any appraisal. In

an effort to prevent fraudulent property flipping the rule would require creditors to obtain a second appraisal at no cost to

applicant if the property has been acquired at a lower price in the previous six months. NAR is looking at the proposed rule for

issues of concern and intends to file a formal comment on the proposed rule.

• Senate to Review Package including Mortgage Relief Provision: The Senate Finance Committee has sent the full Senate

a package that would extend the mortgage relief provision for an additional year, through Dec. 31, 2013. The Senate was unable

to act on the bill before adjourning for its August break and the party conventions. Chairman Baucus (D-MT) had expressed a

wish to finish this package before the election in order to provide certainty about the extension (or not) of more than fifty

provisions. Nonetheless, it is not known if the package would also be considered in the House before the election.

In addition to the mortgage cancellation relief provision, the package also includes a relief provision to limit the impact of the

Alternative Minimum Tax (AMT) in 2012 and 2013. The 15-year cost recovery for leasehold improvements is renewed (it had

expired Dec. 31, 2011) and extended through Dec. 31, 2013. The provision that permits the costs associated with brownfields

environmental cleanup was NOT included in this extender legislation. The legislation is not "paid for."

FHA Announces Condo Law Revisions: On Sept. 14 FHA announced that investors can now buy up to half of a

condominium project’s units, which is ten percent more than were allowed before. However, at least half of the units have to

have already been conveyed to individual owners or be under contract as owner-occupied. Half of the project can be used for

commercial purpose. FHA is ?softening its stand on delinquent homeowner’s association (HOA) dues. It’s now allowing up to

fifteen percent of a project’s units to be 60-days delinquent on HOA dues (up from just 30 days delinquent). This change

acknowledges the tough times condo projects have faced as underwater owners of individual units struggle to pay their HOA

fees. NAR calls these changes “fairly significant.”

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NAR is still pushing FHA to eliminate the fifty percent owner occupancy requirement. Currently the rule is waived

for REO units but NAR says the fifty percent rule is the biggest hurdle for buyers today.

FHA says the changes announced are interim measures and that it’s preparing a more formal and comprehen-

sive rulemaking, so some of the changes NAR is seeking could be forthcoming. In any case, NAR, which worked with

other groups to play a lead role in getting FHA to make these changes, continues to talk to FHA officials about this

important but still tough segment of the financing market.

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THE NEWS

Longmont Association of Realtors®

Mission Statement

The Longmont Association of REALTORS® is dedicated to providing

services and affiliations to our members necessary to conduct their

businesses in an ethical and professional manner. We act with a united

voice for our members and the public with regard to protecting and

preserving the free enterprise system and the right to own, use and

transfer real property. We are dedicated to enhancing the public’s aware-

ness and confidence in our organization.

The Longmont Association of Realtors® is pledged to the letter and spirit of

U.S. policy for the achievement of equal housing opportunity throughout the na-

tion. The Association encourages and supports an affirmative advertising and

marketing program in which there are no barriers to obtaining because of race,

color, religion, sex, handicap, familial status or nation origin.