KAR News Update
February 2014
Top Stories
Senate passes Flood Insurance bill
On Jan. 30, 2014, the United States Senate voted 67-32 to approve the Homeowner Flood Insurance Affordability Act (S. 1926), sponsored by Senators Menendez (D-NJ) and Isakson (R-GA). The bill now goes to the House for a vote.

This bipartisan legislation, an NAR member priority, calls for a 4-year timeout on rate increases triggered either by a property's sale or a flood map update for a property with previously grandfathered rates. NAR provided Congress with expert testimony suggesting that many of these increases are excessive and inaccurate. The bill also creates a flood insurance advocate within the Federal Emergency Management Act (FEMA) to investigate home owner complaints of multiple different or excessive rate quotes. Read More.
KAR Legislative & Business Meeting
February 11 - 13, Frankfort, KY
Registration is FREE and OPEN to all Kentucky REALTOR® members and will be available soon. Register now and check the website for regular updates and meeting materials.
Military Relocation Professional Course
Two locations: Hopkinsville (April 9) and Elizabethtown (April 10)
These courses give attendees the knowledge and skills needed for working with military buyers and sellers. Cost is $89 and the course is approved as ABR and GRI elective credit and has been submitted for CE credit. To learn more and register, click here.
In This Issue
KAR News
Nominations/elections for open KAR positions
KAR is seeking nominations for two Director at-Large and one Delegate at-Large vacancy positions to be filled at the Frankfort meeting. Deadline for these positions is February 5. In addition, KAR has opened nominations for leadership positions in 2015. Deadline for these positions is September 3.

The information regarding the openings, terms, voting information and the forms can be found online. Read More.
Mark your calendar: 2014 KAR Broker Summit
Wednesday, April 23
Louisville, Kentucky
Registration: $89
Register here
Attendees have the chance to win an iPad or 1 of 6 free online education courses

The only statewide broker training event in Kentucky. With the market changing rapidly, it's important to adapt, and adopt, in order to give yourself a competitive edge. As Kentucky real estate brokers, managers and owners, KAR strives to offer you the most essential and current information on industry issues and trends to help your business prosper. By attending this event, you will find answers to your questions. You can connect with the best in the industry and find ways to improve your business immediately. Now is the best time to further your real estate knowledge base.
"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. For a complete breakdown of housing stats, click here.

Year End 2013 vs Year End 2012

Total Homes Sold 2013: 44,532
Total Homes Sold 2012: 38,666
% Change: 15%

Median Home Price 2013: $109,100
Median Home Price 2012: $108,750
% Change: 0.3%

To read the year end press release for housing stats, click here.
National Issues
Good Neighbor Awards   
REALTOR® Magazine's Good Neighbor Awards recognize REALTORS® who have made an extraordinary impact on their community, or on the national or world stage, through volunteer work.

Five winners are announced each fall in REALTOR® Magazine. Winners are recognized annually at the REALTORS® Conference & Expo, and receive $10,000 grants for their charities. Winners also receive travel expenses to the conference and national and local media exposure for their community cause. In addition to the winners, five honorable mentions each receive a $2,500 grant. 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
Governmental Affairs / RPAC
Legislative updates for the 2014 session
Every Friday during the legislative session, KAR publishes an update of the week's events including bills being tracked, key legislative decisions and important developments. These are sent to all members and also posted online. Be sure to check your inbox for the latest issue. Read More.
SB 51 - Education reform bill 
With major supporters leading the way, SB 51, the Kentucky real estate continuing education reform bill, is a legislative priority for KAR this session. The bill essentially raises the continuing education requirements from 6 hours each year to 12 hours each year with the end goal creating a more professional industry within Kentucky and giving consumer's increased protection through a better educated real estate agent. Currently, Kentucky requires the least amount of CE hours than any state in the U.S. 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
Legal Matters
2014 Code of Ethics
The 2014 Code of Ethics has been posted to Realtor.org and is now available for immediate download. Click here for a copy.
Accommodations for service animals in housing
Federal law, through the federal Fair Housing Act ("FHA") and the Rehabilitation Act of 1973 (applies to housing that received federal funding assistance), may require accommodations by housing providers for service animals that provide assistance to individuals with a disability. This will include housing that may have a "no pets" policy or similar restrictions on the types of animals that residents may have in their housing units. Read More.
2014 GRI schedule  
Get started with the most popular and well-known designation in the country. Not only will you increase your professionalism but you will create a new network of referral opportunities. This is also the only designation that you don't have to pay or renew to keep on an ongoing basis - it's yours for life. Visit the website to learn more about the benefits, download a schedule or register for a course. Read More

Did you know: Those with a designation earn over $27,600 more annually than non-designees.
CE classroom scheduled in March   

Wednesday, March 5
Paducah, KY
9am- noon: Keeping Your Contracts from Exploding (3 elective hours)
1pm-4pm: The Code of Ethics & You (3 law hours & ethics requirement)

Thursday, March 6
Henderson, KY
9am- 4pm: CORE Course (6 law hours)

Friday, March 7
Cadiz, KY
9am- noon: Common Problems that Lead to RE Jail (3 law hours)
1pm-4pm: Real Live Cases (3 law hours)
LeadershipKAR application available - get with the program 
Would you like to join the ranks of some of the most successful REALTORS® from around the state? You can by becoming part of the LeadershipKAR program, offered by the Kentucky Association of REALTORS® since 2002. Recognizing that leadership development is an essential element in the process of improving our Association and profession, KAR attempts to identify emerging REALTOR® leaders in the state, encourage them with motivational activities and assist in sharpening their leadership skills in the hope they will exert a strong positive influence on the future of the Association and profession. Read More
25% discount on SFR Certification Course
For many real estate professionals, short sales and foreclosures are the new "traditional" real estate transaction. Knowing how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities are not merely good skills to have in today's market - they are critical. And while short sales and foreclosures are not for the faint of heart, agents with the proper tools and training can use these specialty areas to guild their business for the long term. Register Now
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: 

FHA moves to accept E-signatures starting immediately

Kentucky leads nation in new business creation

You said what in your real estate ad?

Kentucky's unemployment rate falls in December

USDA expanding poverty-reduction initiative; Kentucky included

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
UPS: Save up to 30% when you ship  
Click to get started online
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
Ron Hughes 2014 KAR President