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Cooperating broker's commission lawsuit advances

A New York appellate court has considered whether a commission dispute should be sent to arbitration or to a jury for resolution.

Barbara Faraone ("Owner") owned a parcel of land that she decided to sell in late 2003. Allegedly, the Owner entered into an oral listing agreement with real estate brokerage Land Man Realty, Inc. ("Land Man"), allowing Land Man to offer the property for a limited period of time with the understanding that she would eventually list the property with a friend of hers at Weichert REALTORS® Northeast Group ("Weichert"). During that limited time, Land Man introduced Capital District Enterprises, LLC ("Buyer") to the property, but the Buyer did not make an offer.

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Code of Ethics changes for 2012

This summary highlights substantive issues and changes, but is not all-inclusive. For complete information detailing all changes see the 2011 Professional Standards Committee Actions for Midyear and the Annual Convention on the Board Policy and Programs website (http://realtor.org/mempolweb.nsf/comnameweb; search on "Professional Standards Committee Actions"). Also review the shaded portions of the 2012 Code of Ethics and Arbitration Manual which highlights all changes.

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KAR Legislative & Business Meeting

February 7-9
Capital Plaza Hotel, Frankfort, KY
Register Here

Right now, the real estate industry is facing some major hurdles. This meeting is a great way to influence what issues are addressed and which ones become priority.

> Meet & greet your state leaders
> Share your REALTOR® concerns directly with legislators
> Support legislation & issues important to real estate in Kentucky
> Ensure policymakers hear your REALTOR® voice
> Increase the influence & clout of REALTORS® across the state 

Don't wait until it's too late - get your CE early

Make it a New Year's resolution to get your CE completed now and lose the hassle and stress later in the year. We have several affordable online courses available that can be started now and completed on your schedule - 24/7 from any computer.

Online CE Courses

- Know the Code: Real Estate Ethics (6 hours) 
- Foreclosures, Short Sales, REOs and Auctions (6 hours)
- Environmental Issues in Real Estate (6 hours)
- Real Estate Finance Today (3 elective hours)
- Fair Housing (3 law hours)

Register here for online CE courses

Advertise in the KY REALTOR Magazine

New for KAR members, the chance to advertise in the only state-wide real estate publication is now available. Limited space is available so act now to be included. To learn more, email hcooper@kar.com, call 800.264.2185 or click here.

From the KAR blog:


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

Dealing with clients who behave badly

Planning on buying a home? Start now...

What will be hot in home interiors in 2012?

4 tips for generating more leads with the basics

5 things you should do if buying a foreclosure

6 low-cost marketing ideas to get noticed

Subscribe: You can subscribe to receive daily updates by clicking the links on the right hand side of the blog home page. Guaranteed at least one new post daily.


Save up to 30% on UPS shipping


KAR members can save up to 30% off UPS Express air and international shipments. All this with the peace of mind that comes from using the carrier that delivers outstanding reliability, greater speed, more service, and innovative technology. UPS guarantees delivery of more packages around the world than anyone, and delivers more packages overnight on time in the US than any other carrier.

Members currently enrolled in the UPS Savings Program must re-enroll to take advantage of this new exclusive offer.

KAR members can save:
* Up to 30% on UPS Next Day Air® and Worldwide Express®
* Up to 23% on UPS 2nd Day Air®
* Up to 10% on business services at The UPS Store®

Sign up today

January 2012
In This Issue
Cooperating broker's commission
Code of Ethics
KAR Meeting
CE early
KAR blog
UPS Discount

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, 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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