KAR News Update
November 2013
The KAR offices will be closed on Thursday, November 28 and Friday, November 29 in observance Thanksgiving.
Top Stories
Call for Action: Flood insurance affordability act
The Problem: Congress provided a 5-year reauthorization of the National Flood Insurance Program (NFIP), but severe implementation problems threaten to undermine real estate transactions where flood insurance is required to obtain a mortgage.

The Solution: A four-year time-out. Congress has legislation in the House, H.R. 3370 and Senate, S. 1610, to delay changes to the NFIP.

The issue of flood insurance premiums being raised drastically is negatively affecting home owners as well as buyers and sellers throughout Kentucky. In many cases, deals falling through to premiums increasing up to 10x what it was before. Respond Now
Relief Foundation accepting donations
Today, thousands in Illinois are dealing with the aftermath of 10 separate tornadoes that struck the state last Sunday. And citizens in Boulder, Colo., are still picking up the pieces after the massive flooding that hit that city in September.

The REALTORS® Relief Foundation (RRF) works closely with state and local REALTOR® associations to determine the extent of need where disaster strikes. NAR will absorb all administrative costs, so 100% of your donation goes to positively impact individuals and communities affected by disaster. All contributions are tax deductible. Donate Now
New online courses now available
Two new courses are being offered for Kentucky CE credit:

Risk Management
6 hours law credit

Property Management and Managing Risk
6 hours (3 hours law credit & 3 hours elective credit)

Register Here
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. "Like" here
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
Total $ of homes sold in 2013: $653 million
Total $ of homes sold in 2012: $480 million
National Issues
Registration for new .Realtor domain open
Priority registration for the new .REALTOR top level domain is open. 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
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
Legal Matters
Independent contractor status upheld in court
A Massachusetts appellate court has rejected a class certification motion by a group of former real estate salespeople alleging that they were misclassified as independent contractors by their brokerage. The salespeople claimed there were violations of the state's wage minimum wage and overtime requirements, and other penalties related to the misclassification. Read More
Governmental Affairs / RPAC
GSE loan limits remain unchanged
NAR received word today from the Federal Housing Finance Agency that current limits on conforming loans will remain in effect until further notice. NAR opposes lowering the ceiling on loans eligible for backing by the government-sponsored enterprises. Lower loan limits would increase costs for consumers and reduce their access to conventional mortgages. Read More
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
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)
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 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: 

32 home buying tips from some of the world's most popular REALTORS

Share of young US adults who move hits 50-year low

3 factors that could shape the fate of housing overhaul

Kentucky's unemployment rate released for October 2013

NAR's Community Preference Survey shows preference for mixed-use, walkable communities

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.
This is an advertisement
Stay Connected

Like us on Facebook   Follow us on Twitter   View our profile on LinkedIn   
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