Kentucky "Open House"
April 10 - 11
The Kentucky Association of REALTORSŪ has teamed up with associations across the country for one weekend of Nationwide Open Houses. The purpose is to encourage those who are thinking of buying a home to take advantage of unique home market factors and the federal first-time home buyer tax credit that expires on April 30th.
Be sure to include your open houses for the weekend on the MLS and in other promotions you are putting together! KAR has sent free balloons to local associations that requested them, available free for you to tie to your open house signs. Free graphics, flyers and ads are available for download at www.kar.com.
KAR Summer Business Meeting
Lake Barkley Resort
Cadiz, KYRegister Now
Join REALTORS from across the state in a relaxed and casual atmosphere while networking and learning more about the business through committee meetings and sessions.
Room reservation and registration information can be found online.Read More
April is Fair Housing Month
This month marks the 42nd anniversary of the 1968 landmark Fair Housing Act. Each year, REALTORSŪ recognize the significance of this event and reconfirm our commitment to upholding fair housing law as well as our commitment to offering equal professional service to all in their search for real property.
to Celebrate Fair Housing Month here and of the 2010 April Fair Housing Focus Publication.
2011 NAR Committees
Are you interested in serving on the national level?
Recommendations for 2011 NAR committee positions must be submitted via the online committee recommendation database
on REALTOR.org by Monday, May 24. Members will want to complete an expertise profile as well. NAR officers refer to these recommendations when making their appointments during the committee selection process. For more info contact Erin Campo, firstname.lastname@example.org
Chinese drywall removal recommended
Two federal agencies recommended jointly Friday that home owners affected by Chinese-made drywall replace it.
The Department of Housing and Urban Development and the U.S. Consumer Product Safety Commission investigated the problem and concluded that the rotten egg smells and damaged metal in homes with imported drywall are a danger and the drywall should be removed.
HUD and CPSC said they expected U.S. lawmakers will provide financial relief for affected home owners.
HARP receives year extension
The Home Affordable Refinance Program (HARP), which was supposed to expire June 10, will be extended for another year, the Federal Housing Finance Agency said in a statement. Since HARP began last April, it has refinanced 190,180 mortgages. It is administered by Fannie Mae and Freddie Mac and aimed at borrowers with little or no equity in their homes. This program is a sister to Home Affordable Modification Program (HAMP), which was severely criticized by Congress recently for failing to help enough struggling homeowners.
NAR testifies against FHA changes
NAR urged Congress to refrain from raising FHA minimum downpayment requirements among other things in a recent testimony before a hearing of the House Financial Services Committee.
Charles McMillan, 2009 president of NAR, also:
- Questioned FHA's plan to require 10 percent downpayments from borrowers with credit scores below 580.
- Asked Congress to grant FHA's request to raise the cap on annual mortgage insurance premiums so that FHA can roll back upfront premiums.
- Questioned a proposal to reduce maximum allowable seller-paid concessions from 6 percent to 3 percent.
- Asked lawmakers to make permanent temporary loan limits that allow FHA to insure mortgages up to $729,750 in high-cost markets. The limits are currently scheduled to expire at the end of the year.
- Wants to restore the spot loan-approval process for condominiums, and relax the condo approval process by eliminating a 50 percent owner-occupancy ratio requirement that has temporarily been reduced to 30 percent.To read the entire testimony from NAR, click here
Special Member Offer: DocuSign
NAR members can subscribe to the DocuSign REALTORŪ Edition at premier member pricing of 20% off retail. Also included are special features and benefits specifically tailored to NAR members.
DocuSign REALTORŪ Edition is an exclusive eSignature service specifically tailored for and available to members of NAR.
DocuSign expedites the signing process of real estate documents and contracts and ensures compliance with established ESIGN and UETA requirements for a valid electronic signature.
Call 866-219-4318 and mention your NAR membership to sign up. You will need your NAR Membership (NRDS) I.D. to receive the preferred pricing. Or you can enroll here
Cyberattacks on social networks
Twitter and Facebook offer similar advice for dealing with bad links and compromised social-networking accounts. Twitter warns: If you receive a message with a phrase like "This you??" or "LOL is this you" followed by a link, do not click through; there's a phishing site on the other side. Suspicious links can show up in spam messages or via faked status updates.Read More
10 home staging tips
Want to sell your home? Get out the bucket, mop and Mr. Clean. The key to making a positive first impression is simple, said Sandra Rinomato, host of HGTV's popular "Property Virgins" show.
"Get it clean, clean, clean," said Rinomato. "If your house isn't clean, it instantly sends up negative thoughts that the home is not well maintained. If your house is spotless, you're ahead of the game," she said and offered 10 tips for staging a home. Read More
|.MLS domain sought
Fifteen multiple listing services have formed a nonprofit company that will seek the authority to create and manage a new "generic" top-level Internet domain, .MLS, that only MLSs would be allowed to use.Read More
|Stop losing online leads with this FREE internet lead conversion guide
You're getting online leads, but what are you doing to turn them into real business? Not every Internet lead will be ready to buy or sell right away, but will eventually become a sale if you follow-up with the right approach. When an Internet lead gets in touch with you, your first contact with them is critical. We'll go through the complete list of do's and don'ts and reveal industry-proven strategies for turning browsing buyers into signed contracts. Call 888.538.9140 or click here to request your FREE Internet Lead Conversion Guide
and avoid the one mistake agents make to lose 2 out of 3 online leads!
|KREEF Scholarships |
KREEF has two different scholarships available for members to take advantage:
|2010 Awards |
|Short Sale CE |
and it counts as a 3 hour law
May 4: Florence
May 5: Lexington
May 6: Prestonsburg
May 11: Paducah
May 12: Owensboro
May 13: LouisvilleLearn More & Register
The SFR certification course
is available online for only $92 through 3/31. Learn more here
|Online CE courses through KREEF
It is now possible to earn CE credit for your real estate license renewal without leaving your home or office.
Three courses are available:Enviromental Issues in Real Estate
- 6 hours (3 hours law credit & 3 hours elective credit) Real Estate Finance Today
- 3 hours (3 hours elective credit)
|KAR social networks |
Follow us on:
This KAR member
benefit is being provided to you and your family & friends to help lower your prescription drug costs. Simply create and print your FREE Prescription Drug Card and receive savings of up to 75% (discounts average roughly 30%) at more than 54,000 national and regional pharmacies. Read More