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Broker wins lawsuit over escrow retention    

A Massachusetts court has considered whether a broker properly retained a share of the escrowed funds when transaction failed to close. Lee Kupperstein died, leaving her three children (Joel, Robert, and Gordon) to divide her estate ("Estate").

All three children were co-executors of the estate. One item in the Estate was a condominium that she owned. The Estate listed the condominium for sale with Susan Baum ("Broker") of Berkshire Homes and Condos ("Brokerage"). The listing agreement contained a clause which stated that if a buyer defaulted on the purchase contract and forfeited the earnest money held in escrow by the Broker, then the "Broker shall be entitled to retain up one-half (1/2) of the Seller's retained damages, up to an amount not exceeding the full brokerage fee due, in payment of services, advertising, and other expenses."

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GRI: Get a freebie, audit discount offered      

KREEF offers rebate when program is completed      


That's right, if you complete your GRI designation by the end of 2014, no matter how many courses you have left to take, KREEF will reimburse you the cost of your last GRI course* (1 through 5). Even if you only have one course left to complete the program, you qualify. When you send in your completed GRI application, KREEF will send you a rebate on your last course. Call 800.264.2185 for details. *Rebate equal to the early-bird registration price.

Also, if you currently hold a GRI designation, you can audit any of the GRI courses (1 through 5) for only $50. By auditing a course, you not only receive updated information to help in your business, you also receive the continuing education credit associated with the course. It's a win-win!

GRI Course Schedule

Course Descriptions

Instructor Bios

Learn more or register for GRI courses

GRI/CRS Elective Course - Ninja Selling - September 23

KAR Awards - nominations accepted       


REALTOR® of the Year Award (Word version)
Deadline: Saturday, June 1, 2013

Distinguished Service Award
Deadline: Friday, June 14, 2013

Nat Sanders Education Award
Deadline: Thursday, August 15, 2013

REALTOR® Community Service Award
Deadline: Thursday, August 15, 2013

Summer Business Meeting @ Lake Barkley       

June 18-21
Lake Barkley, Cadiz, KY

The KAR Summer Business Meeting is a great chance to network with colleagues in a relaxed, casual atmosphere while learning more about the current real estate market and what the state association is doing for you. This meeting will be the most fun you'll have all year! Here are some of the highlights:
* REALTOR® Cook Out and RPAC Auction
* Tech Share
* Barkley-B-Que
* Boat Cruise (register separate)
* RPAC Event and Social
* BOD and Delegate Body Meeting

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Last chance for the races: Churchill Downs      

Wednesday, May 1, 11am - 6pm

Join RPAC for a day at the races! Watch the nation's finest horses compete at Churchill Downs from a luxurious First Turn Suite with upscale amenities. Members will enjoy a buffet lunch, open bar, and betting window inside this elegant, climate-controlled hospitality suite with panoramic windows, hardwood floors, granite counter tops, and several interior televisions with surround sound. Don't miss it! Secure your tickets TODAY! Members can purchase a ticket for a $250 contribution to RPAC.

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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:

11 things you need to immediately stop doing on Facebook

Studies shows home preferences of millennials

6 house repairs to tackle

How house hunters view your listing

HARP program extended another 2 years

How the words you say may be costing you business

The great senior sell-off could cause the next housing crisis

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.

CORE course available online - Save 20% now  

Also provides six (6) hours of law CE credit    

Save 20% when you register for limited time only
Register Now

Appraisal courses now being offered online      

KREEF is now offering online appraisal courses through McKissock Online Education. These courses include the USPAP course as well as a selection of over 20 elective courses needed to complete the annual training requirements.

The classes are approved by the Appraisal Qualifying Board (AQB) and also approved for Continuing Education by the Kentucky Real Estate Appraisers Board.

Learn More 

Go green in April and save 25%         

Celebrate Earth Day in April and save 25% on the online Green Designation Bundle. This course examines the latest trends in green building technology as well as consumer demand for homes that are environmentally certified or that incorporate green features. Many benefits are included.


Register Here 

Good Neighbor Awards - nominations open      

Deadline for entry is May 20     

The Good Neighbor program - now in its 14th year - recognizes REALTORS whose extraordinary commitment to community service has helped make their communities better places to live. In October, five winners will be announced and will be recognized at the 2013 REALTORS Conference & Expo in San Francisco. Five winners will receive a $10,000 grant for their community cause, travel expenses to the convention, and extensive publicity to benefit their cause. In addition to the winners, five honorable mentions will receive $2,500 grants. Eligible activities include any volunteer work that helps improve the quality of life in a community.  


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KAR Annual Convention & Expo  
September 24-26 
Galt House, Louisville, KY 

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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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.

Win a chance to attend the 2014 NCAA Final Four


Watching the game is a blast, but it's better when it helps your business. If you win the UPS trip for four to the 2014 NCAA Final Four, you could take your colleagues on a much-needed break, or treat your favorite clients instead. Sign up now - the more you ship with UPS, the more chances you'll have to win.

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 offers Conventional No MI Program     


Wouldn't your clients love to have up to another $1,000 a year? With the exclusive Kentucky Housing Corporation (KHC) Conventional No Mortgage Insurance Program (No MI), they can!

KHC's No MI comes just as the Federal Housing Administration raised the monthly Mortgage Insurance Premium factors. This program enables eligible borrowers to go up to 97 percent of purchase price without having to pay upfront or monthly mortgage insurance. Based on a purchase price of $125,000, this could mean a savings of up to $1,000 a year!* Borrowers will have access to KHC's Down payment Assistance Programs, as well! For full details and terms, visit KHC's Web site, under Lenders/Realtors, Lender Services, Conventional No MI Program.


*Terms and conditions apply. Please visit KHC's Web site for full details.  


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April 2013


In This Issue
Broker lawsuit
KAR awards
Lake Barkley
KAR blog
CORE course online
Appraisal courses
KY license plate
Commissioner Roberts
Quick Links

Roberts reappointed as Commissioner 

Bob Roberts, Richmond, was reappointed by Governor Beshear as a Commissioner to the Kentucky Real Estate Commission. He serves as the representative to citizens at-large with a second term expiring June 19, 2017.

Ninja Selling

Monday, September 23 Galt House Hotel Louisville, Kentucky 10am - 6:30pm EST Group pricing:
1 person - $150
2 - 4 people - $125 each
5 or more - $100 each
Approved for CRS elective credit, GRI elective credit and pending CE credit
Register Here

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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