KAR News Update
November 2013
Top Stories
NAR Board Meeting Recap
At the recent meeting in San Francisco, where over 22,000 members attended, including around 75 from Kentucky, the NAR Board of Directors unanimously approved an ambitious project to be undertaken with a major partner that would turn the association's headquarters into a world-class property that is intended to become the next destination building in the iconic Chicago skyline. Find out about this and the other decisions made. Read More
.REALTOR domain registration is open  
NAR announced priority registration for the new .REALTOR top level domain at the 2013 REALTORS® Conference & Expo in San Francisco. We encourage you to sign-up now to receive advance notification to claim your .REALTOR domain as soon as it becomes available. The hope is to have this ready by Q1 2014. Check out a FAQ and video on the website. Read More
McDonald reappointed to KHC Board
Ann McDonald, a Winchester real estate broker and KAR past president, was reappointed by Governor Beshear to serve on the Board for the Kentucky Housing Corporation. Her term runs through October 30, 2017.
KAR News
In This Issue
"Like" the Kentucky REALTOR Facebook page - win $25
Be one of the first 500 people to "like" the new KAR Facebook page and be entered to win a $25 gift card. And you can keep up with what your association is doing in real-time - from legislative updates and technology to the newest business tools and member photos.
Kentucky Homes Matter
As Kentucky continues to fight budget issues, KAR has taken a proactive approach to educating members, consumers and legislators on why home ownership is important to Kentucky. The focus begins on protecting crucial tax benefits for home ownership and keeping sales tax on services from being placed on the transfer of property. If you want to learn more, the webpage includes an advocacy toolkit while the KHM website includes information as well as a downloadable flyer. Read More
License plate for KY REALTORS - promote your industry
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. Read More
Housing Stats
These stats represent the market conditions for the entire state of Kentucky:

September 2013 vs September 2012
Homes sold 2013: 4,061 
Homes sold 2012: 3,199
% change: 27%

Median price 2013: $104,675
Median price 2012: $117,750
% change: -11%

Home sales are up 18.3% YTD 2013 vs 2012 and median prices are running about even for the same period.
National Issues
The #PowerofR
The Power of 'R' is you and all you do to advocate for the real estate industry and the nation's 75 million property owners -- in your community, at city hall, at the state house, and on Capitol Hill. Standing one million strong, REALTORS® help build vibrant communities; they help people achieve the American Dream of home ownership; and they champion accurate, reliable data as part of a real estate transaction.

Use the #PowerofR to share all the good you do with others in the industry and with consumers. Share your stories and photos on Twitter, Facebook, and Flickr using the hashtag #PowerofR and update your Facebook cover photo with one of NAR's pre-made banners. Read More
30 Under 30 applications accepted  
Each May/June, REALTOR® Magazine features 30 rising young stars in the real estate industry. In determining who makes the 30 Under 30 list, REALTOR® Magazine staff looks for candidates who are successful in the real estate business and have demonstrated skill, success, creativity, and leadership in their careers. Applications are due by January 15, 2014. Read More
Code of Ethics turns 100
2013 marks the 100th anniversary of the NAR Code of Ethics. Learn more about the history of the Code, how it has influenced real estate and the changes that have shaped what it is today. Read More 
Legal Matters
Pocket listings: NAR work group discusses issue
At the request of the NAR Multiple Listing Issues and Policies Committee and the NAR Professional Standards Committee, an informal working group of both committees met in Chicago in September following the meeting of the Interpretations and Procedures Advisory Board.

The working group was convened to consider issues and concerns that cooperation between REALTORS® as historically mandated in the Code of Ethics was in decline, including the practices informally referred to as "pocket listings" and "coming soon" marketing techniques. Read More

Listen to a podcast by CAR attorney on the legal issues raised by pocket listings.
Governmental Affairs / RPAC
Election season is on the horizon     
Visit the office of elections website - it contains resources for candidates and voters alike, including information about becoming a candidate, a current list of candidates who have filed with the Secretary of State and sample ballots.

Also, if you would like to be notified when someone files to run for an office that interests you, please sign up for the candidate filings notification service. Read More
Online courses to fulfill education requirements
Don't wait until the last minute to complete your education - you risk a $500 fine by the Kentucky Real Estate Commission. But don't worry, your education can be found online now. With several courses to choose - both online and live web - you have a good selection of topics that always fit your schedule.

Online CORE
Online CE
Live Web (CORE and CE)
Upcoming GRI course - audit discount and you can get a freebie
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.

November 14 & 15 - GRI 5: Systems for Success - Louisville, KY

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!

Course Descriptions
Instructor Bios
Learn more or register for GRI courses
Save 20% on NAR's CE-approved certification and designation online courses
November is Designation Awareness Month and NAR is offering a 20% discount on all online designation and certification courses. Find a course list here.
Appraisal courses now offered online
Appraisal courses are through McKissock Online Education and 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
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: 

Janik retiring from NAR, discusses biggest legal milestones

Secrets to rocking online reviews

Loan limits will not be lowered by Freddie, Fannie

5 questions to ask your potential seller's agent

Legislation announced to delay flood insurance rate increases

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.
Affinity Partners
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.

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. Simply create and print your FREE Prescription Drug Card and receive savings of up to 75% (discounts average roughly 30%) at more than 54,000 national and regional pharmacies. This card can be used as your primary plan and/or it can be used on prescriptions not covered by your insurance plan.

Nationwide Insurance
Offering you a special insurance program that could save you up to $500 with special rates on your auto policy.

Read More
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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Kentucky Association of REALTORS | kar@kar.com | http://www.kar.com | http://www.karblog.com
161 Prosperous Place, Suite 100
Lexington, KY 40509
John May, 2013 KAR President