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Message from KAR President Tony Clark   

Update on the REALTOR Party Political Survival Initiative

Thank you for all the feedback and comments regarding the REALTOR Party Political Survival Initiative (RPPSI). The NAR Executive Committee is holding a special session on April 12 to discuss the initiative and KAR will communicate any new or updated information to you following the meeting. In addition, a town hall is being conducted on April 13 (1-3 central time) - check realtor.org for registration information or click here (login required). NAR Directors will be voting on the proposal at the NAR Midyear Meeting in May.

Learn more about RPPSI

MARS forms required for short sales   

Depending on several factors, a new Federal Trade Commission (FTC) Rule requires real estate professionals make specific disclosures when representing clients involved in a short sale transaction. While NAR is currently in discussions with the FTC and instructions from the FTC may change, KAR recommends that until further notice members should use the Model Disclosure Forms developed by KAR when representing clients in short sales.

KAR hosted a webinar on this topic. Listen to this webinar for additional guidance on when and how to use the Model Disclosure Forms as well as a Q & A. 

Learn more about MARS

KHC receives legislation for home buyers   

HB 256 enables the Kentucky Housing Corporation, the state housing finance agency, to create a new program for homeowners whose incomes are up to 175 percent of the area median income. The bill also enables KHC to refinance mortgages with affordable, fixed-interest rates for 15-year and 30-year terms and makes mortgages for second-time home buyers available through KHC.

e-PRO offers up-to-date technology training

with Terry Watson


This course will familiarize today's agents with the latest technology and social media tools to enhance business and help engage with customers and other real estate professionals.

2 locations: Madisonville (May 23) and Elizabethtown (May 24)

roup pricing is available for as low as $75 per person.
Already have e-PRO? Refresh your skills for $75.

Approved as 3 hour CE elective credit and elective credit for CRS, ABR, GRI, CIPS and RSPS. Call KAR (800.264.2185) for more info.

Register or Learn More Here

KAR's Summer Business Meeting @ Barkley


June 15 - 17
Lake Barkley Resort
Cadiz, Kentucky
Free registration for all KAR members
Register Here

This meeting is a great chance to network with colleagues from across the state in a relaxed, casual atmosphere while learning more about the current real estate market and what the state association is doing for you. This meeting will be the most fun you'll have all year!

Room rates are $109.95/night, cottages are $219.95/night. Call 800.325.1708 or 270.924.1131 for reservations. Reference the KAR Summer Business Meeting.

Kentucky Open House Weekend - June 4 & 5


KAR is teaming up with associations across the country for one weekend of Nationwide Open Houses for the second consecutive year. The purpose is to encourage those who are thinking of buying a home to take advantage of unique home market factors and the affordability that Kentucky offers.

Be sure to include your open houses for that weekend on the MLS and in other promotions you are putting together! We'll be directing the public to our website and you can direct them to your listings on the MLS or personal sites as well. This is at no cost to you! KAR will be sending free balloons to your local association, available for you to tie to your open house signs as well as providing free graphics, flyers and ads to use in your marketing efforts.

Learn More

At-large director vacancy at KAR


The at-large director vacancy is due to Linda Gibson Cecil resigning due to her accepting appointment with KREC. The remaining term runs through December 31, 2013. Interested candidates should complete a nomination form and return it to KAR by May 31, 2011. The delegate body will vote to fill this vacancy at the delegate body meeting on June 17, 2011 in Cadiz, Kentucky. If you have any questions or need additional information, please feel free to contact Susie Helm or Julie Johnson at KAR.

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Good Neighbor Awards   

Deadline: May 20, 2011 

The awards recognize REALTORSŪ who impact their communities through volunteer work. Five winners will be recognized at the 2011 REALTORSŪ Conference & Expo in Anaheim and will receive travel expenses to attend the show and a $10,000 grant for their community cause. To apply, click here

FHFA extends HARP program for one year   

In March, the Federal Housing Finance Agency (FHFA) announced a one year extension of the Home Affordable Refinance Program (HARP) to June 30, 2012. The program expands access to refinancing for qualified individuals and families who are current on their mortgage payment and who have loans owned or guaranteed by Fannie Mae or Freddie Mac with loan-to-value ratios of between 80 percent and 125 percent. 

Read More

Shadow inventory: state-by-state breakdown   

Although the foreclosure crisis at times appears like an all-encompassing national problem, there are states and metropolitan areas that are harder impacted than others. As suggested by the national numbers, the situation is mostly improving, at least in terms of delinquencies. In the last quarter of 2010, serious delinquencies, those 90+ days late, fell over the past year in all but four states.

Find out where Kentucky ranks

3 things to consider when representing a buyer or seller

1. Always advise buyers to purchase an owner's title insurance policy.
2. When dealing with short sales or foreclosures, ask a professional to help you in negotiating with the lenders and/or drafting the contracts.
3. Ask the lender to use the title company that best suits the buyer in terms of price, convenience, location, services, etc.

Contact Limestone Title & Escrow for more information on the products and services offered - (502) 632-2277. 

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April 2011
Limestone Title
In This Issue
Summer Business Meeting
KY Open House
KAR director vacancy
Good neighbor
Shadow inventory
Fair Housing Month
NAR Committees

April is Fair Housing Month 


This month marks the 43rd 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.

Read More

NAR Committees

Deadline: May 25


If you would like to be considered for a NAR committee, you will need to complete a recommendation form (and expertise profile).

Broker Involvement


Get involved in a program that will boost Kentucky's Call-for-Action response rates. If you are a real estate broker in Kentucky, please enroll (it's free and easy), and if you are an agent, please encourage your broker to join this effective network of broker leadership in public advocacy for REALTORSŪ across the United States.

Learn more and enroll here (to enroll, click the "Join the Program" button on the left side)

KAR social networks 

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Save on your prescriptions 

KAR is providing a member benefit through a Rx drug card. As a member, you and your family & friends may be able to lower your prescription drug costs. Simply create and print your FREE Rx Drug Card and receive savings of up to 75% (discounts average roughly 30%) at more than 54,000 national and regional pharmacies.

Read More

REALTORŪ Benefit - Dental Insurance  

NAR has put together a custom-designed program to offer affordable and valuable large group dental insurance benefits to members and their families nationwide. 

Learn More

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