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July 18, 2011

 

 

 

IN THIS ISSUE
Why is there an NAR?
Safety Tip
Continuing Education
Upcoming Events
Code of Ethics Info
Membership Directory
National Night Out
The Archives


Announcements:

 

Regular Office Hours are

9:30 to 4:30

Monday - Friday

 

Contact us at 929-4032 or membership@chapelhillrealtors.com

  

 

 A Message from the President of NAR 

 

 

Why Is There an NAR?

By Ronald L. Phipps | June 2011 

   

President NARThe vigorous debate within the family of the NATIONAL ASSOCIATION OF REALTORS® over our Political Survival Initiative has forced us to look in the mirror and reflect on some fundamental questions: What is the value of NAR? Why does it exist? And what's expected of its ­leaders--and you, its members--for the sake of our industry?

 

 

The most important question is the why because if we don't have a strong reason to exist, no amount of value will convince you to be a member of our team. You may join because you have to-a phrase I've heard a lot these past several weeks-and if that's the case, you probably don't see your membership as a reflection of your core values. It won't be something you carry with you as a badge that helps define who you are or who you want to be. 

 

But speaking from the vantage point of a working broker and an ­elected leader (not a paid, but a volunteer position), my answer is that NAR exists to advocate for the conditions and policies that will keep our businesses ­vibrant.

 

The association also is the de facto advocate for the 75 million Americans who own homes and the 310 million Americans who require shelter. NAR is the champion of private property rights, and to our global partners around the world, it is a role model and a facilitator of international business. NAR exists because, as contentious as things sometimes get within our association, without organized real estate, both our industry as we know it and the ­concept of private ownership in this country would be diminished.

 

That sounds very noble during good times, but it feels like a big burden to have on our shoulders during difficult times. However, it's our unity that enables us to carry the burden.

 

Our REALTOR® brand, our scale, and our leadership on issues that cross state lines have helped us thrive through many difficult times in the past. Today, in the face of serious challenges from all corners-from the banks making lending and short-sale decisions to the regulators and legislators who set our tax and housing policies to the companies that would like to commoditize what we do for their profit-our unity is more important than ever.

 

 

Thank you for being a part of the REALTOR® organization and for engaging in the political survival debate. The debate has been highly charged, but it will make us stronger as we continue to proactively engage with today's challenges. Chief among our goals: Helping to establish a successor to Fannie Mae and Freddie Mac that will preserve the secondary mortgage market; protecting the mortgage interest deduction and other tax incentives that drive home ownership; and defending the principles of sound underwriting versus government-imposed mortgage qualifications.

 

 

 
Weekly Safety Tip:

 deed

 

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. 

 

 

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. 

 

 

 

 

 2011 CONTINUING EDUCATION CLASSES

  

  

 

  • August 1st -  By The Book (Ethics) Elective Class, Taught by Debbie Long, Discounted Price!

Complete your elective C.E. requirement for 2011-12 for just $40!  The Association is offering the Ethics class By The Book, taught by Debbie Long at a discounted rate -- just $40 -- Class will be from 12:30 to 4:30pm at the Association office. BY THE BOOK includes topics of discussion like Anti-Trust, RESPA, Fair Housing, and NCREC Rules. This course also fulfills the NAR Mandatory Code of Ethics requirement.  

 

  • August 11th - Mandatory Update CE Class Taught by Debbie Long

Mandatory Update (9:00am to 1:00pm) * Free to GCHAR members! Class will be held at ExtraOrindary Ventures, across from Whole Foods on Elliott Road.  

 

  • August 19th - BIC Annual Review, Taught by Debbie Long
Virtually all brokers-in-charge (BIC) who wish to maintain their BIC status must take this course (plus the Mandatory Update) every year. Class will be held from 8:00am to 12:00pm at the Association Office - 112 Perkins Drive, Ste. 700 Chapel Hill.  This class is likely to fill up quickly -  Sign up today! 

 

 

 

SIGN UP Today! CLICK HERE and complete the registration proces

 

 

 CLICK HERE to see the August to December 2011 Continuing Education calendar 

 

 

CE Classes for 2011 are brought to you through the generosity of our Partner Louise Beck Properties       

 

Upcoming Events

 

 

  • August 25th, 10am to 12pm - Successfully Selling HUD Homes Workshop

The following topics will be covered in this valuable workshop. Submitting Bids - HUD Sales Procedures and Requirements - Completing the Sales Contract - Brokerage Commissions - and MORE! The workshop will take place from 10am to 12pm at the GCHAR office and space is limited!  

  • August 31st, 12pm to 1pm -  Lunch 'n Learn featuring George Smart - Director of Triangle Modernist Houses 

Bring a bag lunch for yourself and learn something valuable! George Smart, founder and director of the award-winning non-profit Triangle Modernist Houses (TMH), will present "Mayberry Modernism: North Carolina's Modernist Legacy". Mayberry Modernism showcases the state's surprisingly large collection of Modernist residences from the 1950s through today, particularly those in the Triangle region. The Triangle has the third largest concentration of Modernist houses in the nation, bested only by Los Angeles and Chicago. Smart's presentation includes photographs over 50 award-winning homes from the 1950's through today.  

 

 

SIGN UP Today! CLICK HERE and complete the registration proces

 

NAR Code of Ethics Requirement

 

REALTOR pin    

There seems to be some confusion over the NAR Code of Ethics quadrennial cycle, so I wanted to take this time to go over what the requirements are.

 

Since January 1, 2001, all REALTORS® and applicants for REALTOR® membership are required by the National Association of REALTORS® to complete 2 1/2 hours of ethics training every four years. The current NAR mandated Code of Ethics (COE) quadrennial cycle is set to expire on December 31, 2012, so you do still have a year and half to complete the course. All REALTORS® who wish to maintain their REALTOR® status will need to complete a minimum of 2.5 hours of an "approved" COE course. 

 

There are 2 options to complete the requirement:

 

1. Take course online from NAR-www.realtor.org 

The course is FREE. As soon as you pass the test, your completion is

 

automatically uploaded to your NAR record that you have met the

2012 requirement. No continuing education available.

 

 

2. Take the course with live instructor from "approved" provider.  

GCHAR offers the "By the Book" Ethics class quarterly every year as part of our New Member Orientation. If you opt to take this class with us, then you will complete your Code of Ethics reqiurement and have an Elective class for NCREC. We hold these classes here at the office and therefore space is limited.

 

 

  

What if a REALTOR® doesn't meet the training requirement on time?


 

Failure to meet the requirement is a violation of a membership requirement and results in suspension of membership until the requirement is met.

The consequences of suspension of a REALTOR® for failing to meet the training requirement will be treated the same as suspension for violating any other membership duty as defined in The Code of Ethics and Arbitration Manual, in relevant part, "...suspension of membership rights and privileges and denial of Board services...on terms and conditions expressly stated...including, but not limited to, use of the terms REALTOR® and REALTOR-Associate®..."
 

 

2011-12 Membership and Resource Directory

 

 

 

Mem. Directory 

 

 

 

 

 

 

The Membership and Resource Directory is ready! You can download a .pdf copy HERE, or you can stop by the office and pick up a hard copy.

 

 

National Night Out

 

National Night Out   

Officers of the Chapel Hill Police Department are getting very excited about National Night Out 2011!  We look forward to visiting your community, to meeting your neighbors, and letting you know how much we care about what is happening in our town!!!

 

National Night Out this year is going to be observed on Tuesday August 2nd. For more information go to www.nationalnightout.org 

 

Turn on your porch lights, plan a neighborhood walk, cookout or block party.

 

This is a great opportunity to meet new neighbors or reacquaint with the old.

 

This would also be a good time to promote the Community Watch Program in your neighborhood.

 

 

 The Archives
 

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