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Updates from KAR Convention

Election results:
President-Elect: John May (Louisville)
Tresurer-Elect: Larry Gillette (Hopkinsville)
Region 1 Director: Sandy Newell (Madisonville)
Region 3 Director: Joe Simms (Louisville)
Region 5 Director: John Hodge (Burlington)
At-Large Directors: Pam Featherstone (Elizabethtown), Rip Phillips (Louisville) and Ashley Trautner (Frankfort)
At-Large Delegates: Donna Gregorich (London), Brenda Loyal (Owensboro) and Robin Schneider (Foster)
NAR Director: Ken Warden (Fort Thomas)

Mike Becker, Villa Hills, will serve the remainder of the Director at Large vacancy. Mike will serve for the remainder of the term through 12-31-12.
Donna Gregorich, London, was designated by the Board of Directors to fill the Delegate at Large vacancy. Donna will serve for the remainder of the term through 12-31-11.


REALTOR® of the Year: Robert Damron (Pikeville)
Distinguished Service Award: John Chandler (London)
Nat Sanders Award: Jonah Mitchell (Lexington)
Community Service Awards:
Large Board - Northern Kentucky Association
Medium Board - REALTOR Association of SKY
Small Board - Murray Calloway County Board
Paul Kendall Membership Growth Award:
1st - Mayfield-Graves Board
2nd - Greater Owensboro REALTOR Association 
Ammerman Attendance Award: Lexington Bluegrass Association  

BOD Actions:
- Motion carried to approve the 2012 budget without funding for the Legal Hotline and to include funding for the LAGASP program.

- Motion carried to purchase new computer equipment including two servers and backup system with software and installation in the amount of $18757.31 with funding from equipment reserves.


- Motion carried to purchase a table for 10 at the NAR Convention 2011 inaugural in Anaheim.


- Motion carried to approve changes to the 2011-2013 KAR Strategic Plan.


- Motion carried for KAR to review the Ohio Coalition of Appraisal Professionals Uniform Appraisal Dataset (UAD) property questionnaire and consider the document be added to the seller's disclosure form.


- Motion carried to support legislation on the permanent ban of private transfer fees.


- Motion carried for KAR to support legislation on the KY Condominium Act that would allow a cap on the fee for the resale certificate. The motion is to support a floor limit with a percentage of one monthly assessment but not to exceed $225.


- Motion carried for KAR to appoint the RPAC Trustee Fundraising Vice-Chair to the KAR Convention Committee if RPAC has an event in cooperation with the KAR Annual Convention.
- KAR Leadership and Past Presidents will continue to work on further defining usage of the KAR Disaster Relief Funds.


RPAC Trustees:
The following Trustees were approved by the BOD: Chair - Linda Sparrow, Vice-Chair - Libbi Taylor, Treasurer - Greg Lile and Trustees from CD-01 Bonnie Byerly, CD-03 Guy Montgomery, and CD-06 Jayne Cox.

KREEF Trustees:
The following Trustees were approved by the BOD: Earleene Woods, Margie Harper, Brenda Gooslin and Pam Featherstone. Linda Wiley will serve as President and John Hodge will serve as Treasurer.


KREC Selection:

The Selection Committee will submit the following nominees for the Governor's consideration: Leslie D. Heath - Paducah, James H. "Jim" Huff - Ft. Mitchell, Arvel J. (Jerry) McMahan - PeeWee Valley, DonC. Sullivan - Lexington, R. Thomas (Tom) Waldrop - Mayfield.

On another note:
The winner of the Target:RPAC event and the $2,000 VISA gift card was Joe Simms of Louisville.

The winner of the $500 cash at the trade show, courtesy of Community Trust Bank, was Steve Heartsill of Elizabethtown.


The winner of the iPad2 for attending Convention Orientation was Diana Lashley of Lexington.


The winner of the Kodak Zi8 video camera was Greg Taylor of Louisville. 

"Super Committee" to set agenda for tax reform

A so-called "Super Committee" has been charged with the responsibility of finding deficit reduction measures that total $1.2 to $1.5 Trillion by Thanksgiving, 2011. The Committee can use any mix of spending cuts and tax increases. If the Committee fails to meet that target, then automatic spending cuts go into effect, largely drawn from defense activities.

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From the KAR blog:


For the latest headlines, click here or check out some of the most popular posts below:  

NAR calls for efforts to reduce foreclosure inventory

How to tell when the real estate market is turning around

KY unemployment numbers

5 tips for a smooth refinance

Will social search change the way consumers find real estate agents?

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Washington D.C. Housing Conference - Watch Live

The "New Soluions for America's Housing Crisis" housing conference is taking place on Tuesday, October 4 from 8:30 a.m. - 2:30 p.m. EDT. You can watch the conference live via the link below.
NAR has been working with two policy organizations, the Progressive Policy Institute and E21: Economic Solutions for the 21st Century. The conference is to elevate housing as a critical piece of the national debate on economic recovery and to highlight innovative proposals that stabilize the housing market. NAR President Ron Phipps and Chief Economist Lawrence Yun will be featured panelists at the day-long event. Key members of Congress and Obama administration officials are slated to participate as well.

Watch Live

Got Education? 

If you are looking for ways to get your annual CE requirements, take a look at these options (and don't get hit with a $500 fine at the end of the year):

Online Courses

Live Web Courses

Classroom Courses

GRI Courses


GRI designation now an elective for ABR

Start on your designation journey today

To become an ABR you must complete one core course - the ABR Designation Course - and one elective option. The newest addition to the list of ABR electives is the GRI (Graduate, REALTOR Institute) Designation. GRI Designees study new technology, laws, and procedures in order to continuously evolve and meet the needs of the increasing sophistication of buyers and sellers. This course ensures real estate practitioners can perform at an ever-increasing level of professionalism. Courses are enrolling and very affordable.

Upcoming GRI Course: (each course counts for CE)

Oct 25 & 26: GRI 5 - Systems for Success (Northern KY)

Click here to learn more about the benefits of GRI and to see the approved CE for each class.
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. 

This is a paid advertisement
October 2011
Limestone Title
In This Issue
KAR Convention
Tax Reform
KAR blog
Housing Conference
GRI designation
3 things...

KAR Affinity Partners 

UPS (New Program) 

KAR members can save up to 30% on UPS shipping. Members currently enrolled in the UPS Savings Program must re-enroll to take advantage of this new exclusive offer.


Showing Suite
Get feedback on your listings, improve communication with your sellers, and set yourself apart from your competition with HomeFeedback®.

Drug Card

As a member, you and your family & friends may be able to lower your prescription drug costs.

Nationwide Insurance
Offering you a special insurance program that could save you up to $500 with special rates on your auto policy.

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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 REALTORS® across the United States.

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

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