Greater Providence
Board of REALTORS® 
Volume 2
Issue 11
November 2008 
President's Message
Sussy DeLeon, CRB
Sussy DeLeon
 
As I look forward to this upcoming year, and reflect on the past accomplishments of this Board and its members, I am overwhelmed with great pride to have been chosen to take on the role as your 2009 President.
 
At the recent RIAR Annual Meeting and Installation of Officers and Directors, I stood with my colleagues from across the state and took the oath of office to serve the best interest of the members of our Board. I pledge to you that you will receive nothing but the finest representation from me and our leadership team as we continue to ignite the progress we have made.
 
I would like to thank our 2008 President, Vicki Doran, who was an amazing influence on me and our Board this past year! She is a remarkable person, and is someone I have come to respect and admire during our time working together at the Board. 
 
I would also like to acknowledge our outstanding leadership team at GPBOR. The Executive Committee: Libby Isaacson, Bruce Lane and Joseph McCarthy and I are prepared to continue to lead our Board in the direction and tradition of excellence our members have come to expect from us!  
 
I look forward to working with you this year and I would appreciate your assistance in making this year a great success!  Please consider volunteering for a committee and getting involved!
 
Our 2008 Holiday Party will be held at the Hotel Providence this year -an exciting new location - it will be a great opportunity to network and enjoy the season with your fellow REALTORS® and special guests! See you there!
 
Warm Regards-
 
Sussy DeLeon
2009 President GPBOR
In This Issue
2008 Holiday Party
Government Affairs Update
Local Market Report

Greater Providence Board of REALTORS® 2008 Holiday Festivities Announced!

Snowflake 
 The Hotel Providence will
provide the festive setting for
our 2008 Holiday Gathering! 
 
 REALTORS®, Affiliates, Friends and Guests Welcome!
 
 
DATE:             Thursday, December 11, 2008
 
TIME:             5:30 PM - 8:00 PM
 
LOCATION:   The Hotel Providence
                       311 Westminster Street
                       Providence, RI 02903
 
Cocktails and Hors d'oeuvres  
$20.00 Per Person
 
Register in advance by calling the Board office at (401) 274-8383 or email reservations@gpbor.com
 

National Association of REALTORS® calls on Congress to act on housing stimulus plan 

Capitol 
The National Association of REALTORS® will offer a four-point legislative plan to reinvigorate the housing market. 
 
 
NAR recommends Congress pass new housing stimulus legislation that includes the following priorities:
 
1. Remove the requirement in the current law that first-time homebuyers repay the $7,500 tax credit, and expand the tax credit to apply not only to first-time buyers but also to all buyers of a primary residence.

2. Revise the FHA, Fannie Mae and Freddie Mac 2008 stimulus loan limit increases to make them permanent. The Economic Stabilization Act, enacted in February, made loan limit increases temporary, and subsequent legislation reduced the loan limits and made them permanent. This has broad implication for homebuyers in high cost areas.

3. Urge the government to use a portion of the allotted $700 billion that was provided to purchase mortgage-backed securities from banks to provide price stabilization for housing. The Treasury department should be required to use the newly enacted Troubled Assets Relief Program to push banks to:
· Extend credit down to Main Street, making credit more available to consumers and small businesses;
· Expedite the process for short sales;
· Expedite the resolution of banks' real estate owned (REOs) properties.

4. Make permanent the prohibition against banks entering real estate brokerage and management, further protecting consumers and the economy.
 
President Dick Gaylord said that NAR will strongly pursue those proposals and is calling on Congress to return to enact housing stimulus legislation in a lame-duck session after the national elections in November.
Local Market Report compiled by the National Association of REALTORS®
Yun
  
Lawrence Yun, Chief Economist for the National Association of REALTORS® offers helpful insight into current market conditions and trends.  
 
 
 
 
Click HERE for detailed information.
 
The Greater Providence Board of REALTORS® is pleased to promote REALTOR® Research, a feature benefit of your membership in the REALTOR® organization.  This service offers valuable tools for you and your clients and is easily accessed through realtor.org

The Greater Providence Board of REALTOR® Partners with Staples to bring you More for your Membership

Staples Business Advantage 
 
The Staples Business Advantage provides our members with more ways to save money!
 
 
 
Interested in saving some money?...
 
We thought so! The Greater Providence Board of REALTORS® has partnered with Staples Business Advantage to deliver exceptional service and savings to our members.  You can register as an individual, as a member office or both for this program, where you will be able to order products online, efficiently and easily, receive discount pricing off of office supplies (averaging 60% off on over 4,000 catalog items), and get free, next-day delivery on orders of $30 or more.  Take advantage of all your membership has to offer.  Click here to request more information or to get yourself or your organization signed up and start saving now!
2009 Dues Bills have been mailed to our members.
 
Piggy Bank
Don't wait until the 
last minute! 
Take the time to  
plan and budget for your upcoming
REALTOR® dues
payment!
 
 
All members have received their 2009 membership renewals in the mail. If you have not received your statement or have any questions, please contact the Board office at (401) 274-8383 or email us at membership@gpbor.com.  The annual dues your local Board collects provides you with a three part membership at the Greater Providence Board, the RI Association of REALTORS® and the National Association of REALTORS®. Your prompt payment allows us to continue the high quality of service you receive as a real estate professional. We appreciate your selection of the Greater Providence Board of REALTORS® as your Local Board in 2008 and look forward to continuing our relationship with you in 2009.
 
Members who are paid, in full, by December 15, 2008 will receive a coupon valid for $20.00 off any Greater Providence Board of REALTORS®
sponsored Code of Ethics Training. This course is required by NAR during the 3rd Quadrennial Period (1/1/09 - 12/31/12). The class also meets a core requirement for 3 credit hours of DBR approved continuing education. 
Karl Martone selected 2008 Rhode Island 
REALTOR® of the Year
Karl
 
Greater Providence Board of REALTORS® 
Karl Martone named
RI REALTOR® of the Year 
 On Thursday, October 30th, the RI Association of REALTORS®, in conjunction with the five local member boards, met for the 2008 Annual Meeting and Combined Installation of Officers and Directors.  The gathering also was an opportunity to recognize the accomplishments of our local REALTOR® of the Year Nominees. 
 
REALTOR® of the Year is a recognition of Civic and Business Accomplishments with an emphasis on service to the Local, State and National Association of REALTORS®.  

Karl, a Broker/Associate with RE/Max Professionals, will represent Rhode Island at the National Association of REALTORS® Conference Nov 7-10. 
 
Congratulations, Karl!
Quick Links
Landy logo
Insurance for Professionals
 
Visit our Sponsor
 

The Herbert H. Landy Insurance Agency has been a national leader in providing Errors & Omissions insurance to Real Estate Professionals since 1962. Offering experienced underwriting, competitive pricing, and the highest degree of service, we are proud supporters of Real Estate Associations in Rhode Island and throughout the United States. Contact us at 800-336-5422 for E&O insurance plans for Real Estate Agents & Brokers, Real Estate Appraisers, Home Inspectors, Title Agents, Mortgage Brokers, and many other professions. We offer surety bonds for Real Estate Agents and Mortgage Brokers.

 

Visit our website at www.landy.com to learn more about us.

 
November 4, 2008
is Election Day 
Vote
Please take the time on November 4th and exercise your privilege to vote in this year's election!
 
To find your polling place, click here.
2008 Circle of Sales Excellence Awards Reminder
black and white realtor logo
 The 2008 Circle of Sales Excellence Awards Criteria has changed for the 2008 Production Year.
 
Please review the changes by clicking here.
 
To view of list of our 2007 Awardees please click here. 
Don't Forget to Turn Your Clocks Back One Hour!
clock
On November 2, 2008 Daylight Savings Time will require us turn our clocks back an hour. 
 
Don't forget to make that adjustment!
The Greater Providence Board of REALTORS® Sponsors a Blood Drive
Blood Ctr
Members and Friends who are interested in giving the gift of life this season will be able to do so from the Greater Providence Board of REALTORS®
on November 21, 2008 from 1-4 PM.
 
Our members in need and The Rhode Island Blood Center values your contribution! For additional information, please click HERE.   
Save the Date
Celebrating a Tradition of Excellence since 1907!
 
Save these Dates!
 
November 21, 2008
Blood Drive and Open House
at the Board Office
 
December 11, 2008 - Holiday Party
Hotel Providence, Providence, RI 
 
We are here to provide you with the highest quality professional services at the Greater Providence Board of REALTORS®. Contact us at:
(401) 274-8383
 
Michele Caprio, CEO
Suzanne Silva, CFO
 Beth McSherry, Executive Administrator
 
Keep us up to date so you can be up-to-date!
Save 10%
Now through the end of November, the Greater Providence Board of REALTORS® is offering a 10% discount on Sellers' Disclosure Forms.
 
If you would like to place an order, please contact the Board office at (401) 274-8383 or email your order to info@gpbor.com
 

Did you know that the Board has a number of real estate forms available for sale to its members? To view a list of our products, click here.  Minimum order is 25 and sales tax and shipping charges will be added to your invoice. 

Offer Expires: November 30, 2008