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BOD Actions at the Summer Business Meeting

Jump started with a cook-out by the Pennyrile Board, the Summer Business Meeting offered attendees some of the best weather on record along with important business insights for real estate in Kentucky. Here are some of the highlights:

- Motion approved to accept the 2013-2015 KAR Strategic Plan.

- Motion approved for changes/revisions to the KAR Bylaws for the qualifications for becoming an officer as well as Code of Ethics & Professional Standards. These motions will be voted on at the membership meeting in September.

- Motion approved for changes/revisions to the KAR Policies and Procedures for the definition of common areas in regards to elections as well as the Application Fees, Dues and Assessments section. For the latest version of the Policies & Procedures, click here.

- Motion approved for the 2012 Professional Standards Training to fulfill the NAR Code of Ethics training requirement.

- Motion approved to provide $50,000 from the Legal Action Fund to McMahan Co. Inc., for continued defense in the case of Hyland vs. HomeServices of America, Inc.

- Motion approved to rent the KAR basement to the second floor tenants.

- Motion approved for additional repairs and upgrades to the KAR storage room in the basement.

Additional items
- KAR extended the deadline for the Disaster Relief efforts through June 30. KAR approved $10,000 as a contribution to help those affected. Applications for assistance must be submitted to KAR by that date. For more information, click here.

- RPAC Trustees to fill vacancies were approved: Mike Becker for CD-04 with a term through December 2013 and Marcie Estepp for CD-05 with a term through December 2012. 

- Guy Montgomery was recognized as the latest KAR member to qualify for the NAR RPAC Hall of Fame (lifetime investment of $25,000 or more).

- Barbara Flannery won back-to-back events bringing home first place in the talent show (with the help of Region 6 back-up dancers) and the Heads or Tails event. Louise Miller was runner-up in the talent show.

- Total RPAC dollars raised during all Summer Business Meeting fundraisers was just under $4,500.

- The Kentucky Real Estate Commission's next meeting will be held at the Hyatt Regency in downtown Lexington on July 19.

- Thanks to Region 1 for a fantastic BBQ on Wednesday night.

- Thanks to Century Mortgage for sponsoring the Friday morning coffee break.

To view photos of the event, click here.

Court rules broker with full-price offer not entitled to commission

A recent California case (RealPro, Inc. v. Smith Residual Company, LLC et al., Fourth Appellate District Court of Appeal) makes clear, while we may agree about what is said in the listing agreement, we may disagree about what it means.

Here is what happened. MGR Services, Inc., a real estate broker, entered into a listing agreement with the owners of 46.8 acres of vacant land in Riverside County, California. The agreement was from September 21, 2005 to April 1, 2006. Read More.

Register now for the KAR Convention & Expo in NKY

Northern Kentucky Convention Center & Embassy Suites
Covington, KY
September 25 - 27

Online registration is open and attendees can register for the early-bird price of only $99 (a savings of over 35% from the last time we were in NKY). Our speakers include some of the top names in the industry (Jeff Turner and Doug Devitre) and there is ample networking options planned. For taking your business to the next level, this is the don't-miss event of the year.

Register or find out more here 

The Target: RPAC event is being held once again - darts are now available for purchase with the chance to win over $2,000 in cash and prizes by stepping in the "Money Machine." Find out more here.

KAR awards - nominations accepted

Nat Sanders Education Award
Deadline: Monday, August 15, 2012

REALTOR® Community Service Award
Deadline: Monday, August 15, 2012
KAR elections

KAR is seeking nominations for several leadership positions for 2013. Information regarding the openings, terms, voting information and the form are included at the link below. If you need additional information or would like to discuss, please contact Julie Johnson, Legal Affairs Director, at 800.264.2185 or at jjohnson@kar.com.

Nomination Form

From the KAR blog:


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GRI: The first step in the right direction

GRI is the only designation you don't have to pay or renew to keep. Based on 2011 survey data, the median income of REALTORS without a designation was $26,900 and the median income of those with at least one designation was $49,300. A difference of $22,400. Need another reason to earn the designation - all GRI courses count towards CE. A change for this year is the GRI specific electives will not be offered, however, any NAR certification or designation course hours - online or classroom - will count as GRI elective hours, call KAR for more info 800.264.2185.

GRI courses

- GRI 2: Smart Marketing - Nov 1 & 2
- GRI 3: Financing the Successful Transaction - Sept 6 & 7
- GRI 4: From Offer to Contract to Closing - Oct 24 & 25
- GRI 5: Systems for Success - Oct 15 & 16

Find out more and register

Apply for LeadershipKAR and be a real estate leader

Would you like to join the ranks of some of the most successful REALTORS® from around the state? You can by becoming part of the LeadershipKAR program, offered by the Kentucky Association of REALTORS® since 2002. Recognizing that leadership development is an essential element in the process of improving your Association and profession, KAR attempts to identify emerging REALTOR® leaders in the state, encourage them with motivational activities and assist in sharpening their leadership skills in the hope they will exert a strong positive influence on the future of the Association and profession. 

Apply Now

This is the year for ethics, due by Dec. 31

REALTORS® are required to complete ethics training for the current cycle running January 1, 2009 through December 31, 2012. Failure to complete the required ethics training will be considered a violation of a membership duty and could result in membership suspension or termination. REALTOR® members can verify ethics completion by checking with their primary local association and should notify the primary local association when their requirement is completed. 

Know the Code: Real Estate Ethics (counts as 6 hours CE)
click to register

Need referrals? 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. Pricing is affordable. To learn more, email hcooper@kar.com, call 800.264.2185 or click here.

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

KHC's Home Buyer Tax Credit available to buyers  

Do you have clients that wish they still had access to the Home Buyer Tax Credit? With KHC, they still do!

KHC's Home Buyer Tax Credit is available through a Mortgage Credit Certificate (MCC), which reduces the amount of federal income tax paid by a homeowner, giving them more available income to qualify for a mortgage loan. The tax credit is effective for the life of the loan, as long as the homeowner lives in the home! Home buyers must use an MCC-approved lender.

To learn more about the KHC Home Buyer Tax Credit, as well as other programs offered by KHC, visit KHC's website. You can stay up-to-date on all KHC news, events, and products through KHC's eGram service. Register today!

June 2012
In This Issue
BOD Actions
Court rules broker
KAR awards
KAR elections
KAR blog
GRI schedule
Quick Links


Raised through 6/18/12

2012 Goal


REALTORS® have the chance to come together and become one voice on the local, state, and national level.

Contribute to RPAC to ensure the REALTOR® voice is heard.

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.

Read More

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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