KAR News Update
December 2013
Top Stories
BOD actions at the KAR Leadership Conference  
Last week, the KAR Board met at the conclusion of the Leadership Conference. The following actions were taken:
  • Approved Vaughn and Smith, PLLC to provide legal counsel services to KAR.
  • Approved the 2014 committee chairs and vice chairs (the list is available here). Committee appointment notifications will be mailed soon to members who were placed on a committee(s).
  •  Approved to appointments to the KREC Selection Committee, the Personnel Committee and Coordinating Directors.
  • Approved the following RPAC Trustees: Region 2 - Nita Allen and Linda Sparrow, Region 5 - Sue Ann Collins and Mike Becker, Region 6 - Emily Hacker, At-large - Mary Carpenter and Ann McDonald. 2014 RPAC Chair is Jayne Cox, RPAC Vice Chair is Ann Elizabeth Delahanty and RPAC Treasurer is Brenda Loyal.

To view photos from the event, click here

Respond to the flood insurance CFA 
The Problem: 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. It only takes a few clicks and a few seconds of your time. Respond Now
New online courses available
Two new courses are available for Kentucky CE credit. These are in addition to a variety of online courses already being offered. You only have 3 weeks left until the CE deadline - get started today!

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:

Total days on market, according to the figures reported, have decreased over the year compared to 2012. In September 2013, DOM dropped from 158 days a year prior to 134 days (15%).
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
Association arbitration award affirmed
A Michigan court has considered a challenge to an arbitration award from a proceeding conducted by the Flint Area Association of REALTORS® ("Association").

The Association arbitrated a commission dispute between Wendy Sabo & Associates ("Challenger") and American Associates, Inc./Randall Haney ("Prevailing Party"). A number of brokerages had represented a buyer who eventually purchased a property listed by the Challenger. Read More
Governmental Affairs / RPAC
KY General Assembly "Issues" book available
A book containing issue briefs on topics likely to confront lawmakers during the Kentucky General Assembly's 2014 session is now available in print and online. This book contains 46 issue briefs prepared by members of the Legislative Research Commission staff.

Real estate related issue briefs include: Professional Or Driver's Licenses, Eminent Domain and Local Occupational License Tax. The book reflects a balanced look at some of the main topics that have been discussed in legislative committee meetings. Read More

Note: the Kentucky General Assembly's 2014 session begins on Jan. 7 and is scheduled to adjourn on April 15.

KAR Legislative & Business Meeting
February 11 - 13, Frankfort, KY
Registration is FREE and OPEN to all Kentucky REALTOR® members and will be available soon. Check the website for regular updates and meeting materials.
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)
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: 

Agent reviews and what they mean to members

Response to WSJ editorial on flood insurance

Consumer preference survey highlights

FHA to lower upper mortgage limits on January 1

Tax breaks real estate pros and their clients should be prepared to do without in 2014

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
GEICO: Insurance for your home, renters, motorcycle and more! 
Click to get your free quote started online or call 1-800-368-2734.
You just may save enough over the holidays to put a little extra spending money in your pocket.
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