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Broker awarded commercial lease commission     


A Missouri court has considered whether a broker could collect a commission from a commercial lease transaction when the parties had agreed to a lease but had not fixed the monthly base rent.

In 1998, DeBruce Grain, Inc. ("Tenant") entered into a ten-year lease with Briarcliff Development Company ("Landlord") for office space. The lease contained a renewal option, but the Tenant did not exercise the renewal option and instead hired the real estate brokerage firm Wally & Co. ("Brokerage") to assist the Tenant in its search for office space.

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Legislative & Business Meeting in Frankfort  

Capital Plaza Hotel
Frankfort, KY
February 12-14
Learn more and register

The Kentucky Association of REALTORS®' Legislative & Business Meeting is your premier opportunity to:
> Meet & greet your state leaders
> Share your REALTOR® concerns directly with legislators
> Support legislation & issues important to real estate in KY
> Ensure policymakers hear your REALTOR® voice
> Increase the influence & clout of REALTORS® throughout KY

New for 2013! REALTOR Rally on Wednesday
On Wednesday, February 13, KAR is putting together more events so our members can have an even bigger voice with legislators in Frankfort:
     9am - REALTOR picture in front of the Kentucky State Capitol - all members are invited to attend - the more who show up, the more impact we will have.
     9:30am - REALTOR Rally in the Capitol Rotunda - KAR is putting together a list of speakers that will address issues in real estate. This will be a great opportunity to pack the Capital building with members to show our support for the real estate industry.
     10:30am - Hill Visits - each local association arranges visits with members of their delegation to voice their thoughts on issues important to the industry (please work with your local association to plan schedules). This is a great time to sit down in person with your legislator and let them know how important real estate is to the economy.

Members can purchase a REALTOR Rally t-shirt for a $15 (fair share) contribution to RPAC. Members are encouraged to wear these during Wednesday's REALTOR Rally at the Capitol. Shirts can be purchased by clicking here or visiting the website here. To guarantee your size, please have your order placed by Friday, January 25. 

March 1 deadline for COE completion     

Members who did not complete their Code of Ethics training requirements before the end of 2012 have until March 1 to complete training before their REALTOR membership is automatically terminated. Don't let that happen to you.

Online Course:
Know the Code: Real Estate Ethics
- counts as 6 CE hours (3 hours law credit & 3 hours elective credit)  

Apply for a KY REALTOR license plate 


KAR received approval from the state to produce an official KY specialty license plate. To start production, KAR needs to have 900 applications and fees collected. This is your chance to show off your REALTOR pride and support the real estate industry. If you want to learn more or have an interest in having your own plate, check out the instructions on the webpage.

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Interested in running for political office?    


The REALTOR® Candidate Training Academy was developed to give REALTORS® interested in running for political office an introduction to and expectation of how to run a campaign. It is intended to give candidates a valuable head start in their political journeys, as well as information on how to run successful campaigns. This day-long program, held on Monday, February 11 in Frankfort prior to the Legislative and Business Meeting, will be run by two NAR provided facilitators, Chris Sinclair and Alastair Macaulay of Cornerstone Solutions. Chris and Alastair have 37 years of combined political experience.

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From the KAR blog:


For the latest headlines, click here (there are hundreds to view) or check out some of the most popular posts below:  

9 mistakes you're making on LinkedIn

4 simple steps to connect with clients on Facebook

Don't let your reputation - or your wallet - fall prey to scam complaint site

4 ways buyers can mess up a loan approval

Know the purpose of your presentation

5 biggest mistakes homebuyers make

6 kitchen remodeling projects that add value and appeal

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.

GEICO insurance discounts: Get a quote   

KAR and GEICO are working together to bring exclusive savings to members. Contact GEICO for a free quote on auto, homeowners, renters and motorcycle insurance to see how much you could be saving. And don't forget to mention your KAR affiliation, you could qualify for an exclusive member savings opportunity. Visit the link below for an online quote or call 1-800-368-2734 for your free rate quote by phone.

Bylaws change proposed for KAR  


At the September 2012 meeting of the KAR Board of Directors, the Board passed a motion to amend the Bylaws. In accordance with the KAR Bylaws, the KAR membership votes on all amendments to the Bylaws and are given 30 days' notice prior to the vote.

View the Bylaws amendment 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

Neighborhood DAP from KHC    


Do you have clients interested in purchasing a property in foreclosure or a home that has been on the market for six months or more? Then they may be eligible for a new financing option from Kentucky Housing Corporation (KHC)!

The Neighborhood Down Payment Assistance Program (Neighborhood DAP) is funded through $3 million KHC received from the National Mortgage Foreclosure Settlement, and offers a new mortgage program for down payment and closing costs assistance. Neighborhood DAP provides a repayable second mortgage up to $10,000, with an interest rate of 1 percent for 30 years. The home buyer's income must be less than $124,775 and other terms and conditions apply.

Hurry, because once the funds are gone, the program ends! To find out more, visit here. A Neighborhood DAP customizable flier is available here.

January 2013
In This Issue
Mortgage forgiveness
Frankfort meeting
KY license plate
Candidate Training Academy
KAR blog
Bylaws changes

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.

KAR Affinity Partners 

GEICO (New Program) 

Contact GEICO for a free quote on insurance to see how much you could be saving. And don't forget to mention your KAR affiliation, you could qualify for an exclusive member savings opportunity.  

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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