Minnesota Association of REALTORS

June 4, 2012
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Upcoming Education

Online CE

MNAR Seeks Committee Candidates

2012 MNAR REALTOR® of the Year

Honoring Political Involvement

MN Homeownership Center

REALTORS® Got Talent

The Appraisal Foundation Seeks Candidates

Homes for All Documentary

IRS News for Business

Free Expo Tickets

Batman Live Discount Tickets

Minnesota Association of REALTORS®
5750 Lincoln Dr
Edina, MN 55436
(952) 935-8313 or
(800) 862-6097

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Upcoming Events:

June 6th - Forms Task Force, 9:00am-Noon @ MNAR Office

June12-1.jpgFrom the June 2012 MNAR RESOURCE

When does the buyer's 10-day right to rescind begin, if condominium docuemtns are provided on various days, rather than all at once?

Read the answer in the June 2012 RESOURCE at http://viewer.zmags.com/publication/e512913c#/e512913c/5

Upcoming Education Opportunities
MNAR has put together some great courses for the coming season. We are partnering with a majority of local associations around the state to bring you some timely topics to meet your educational needs. Following is a list of courses scheduled to date. Future offerings can be found by visiting our website at www.mnrealtor.com. Click on Calendar.

Friday, June 8: St. Paul Area Association of REALTORS® Office, 325 E Roselawn Ave, St. Paul
8:30am-12:15pm - Residential Leasing Module (Brad Boyd, Instructor) Approved for 3.75 hours CE.
Contact the St. Paul Area Association of REALTORS® at (651) 776-6000

continuingedexpress.gifTake your required CE module course and exam ONLINE for 25% off through June!
7/1/11-6/30/12 Required Module - Residential Leasing

This course has been approved by the Minnesota Commissioner of Commerce for 3.75 hours for real estate continuing education. Upon passing the required exam online, your attendance will be registered with the State of Minnesota through PULSE Portal.

This course is a NEW requirement for Minnesota real estate licensees, and must be completed BEFORE the June renewal deadline.

To enroll, go to www.continuingedexpress.com/index.cfm?AF_ID=2. Enter promo code MNAR1-1000002 when purchasing the course online to receive 25% off the price.


MNAR Seeks Committee Candidates
All applications are due by August 31, 2012

Board of Directors: If you are interested in serving on the MNAR Board of Directors, you can be appointed through your Local REALTOR® Association. Our new fiscal year 2013 Board will be seated in October. Please Contact your Local Association President or call your Association Office to find out the local process for these appointments.

Executive Committee: This Committee acts in intervals between the Board meetings on personnel, strategic planning and other managerial issues and is subject to the control and direction of the Board. They meet approximately four times per year and all members of the Executive Committee automatically serve on the MNAR Board of Directors. In fiscal year 2013, there are openings from Regions 1, 3, 5 and 6. Appointments will be made by the Board of Directors at their October 17th meeting, with the term to commence immediately upon selection. Apply here.

Finance Committee: The main focus of this Committee is to set the yearly budget and oversee its implementation. This Committee helps determine what functions and programs will be funded for the next fiscal year. The budget established by this Committee, including the annual dues, is forwarded to the MNAR Board for final approval. Members interested in serving on this Committee must understand profit and loss statements and have financial knowledge or background. This Committee meets one time a year in early May. The slate of candidates will be forwarded to the Executive Committee for final selection. Apply here.

Forms Committee: The objective of the MNAR Forms Committee is to create and evaluate recommended forms for use by our REALTOR® membership. Appointments will be made from the applications received. Apply here.

In addition to its regular Committee, the Forms Committee is also seeking volunteers to serve on its Commercial Forms Sub Committee and Land Forms Sub Committee. Both Sub Committees will meet at least once during the year to review the Forms and make any necessary modifications. If you have experience in either of these areas, please apply here.

Governmental Affairs Committee: This Committee monitors and recommends legislation and public policies affecting the real estate industry. They meet approximately five times per year. If your are interested in serving, please apply here.

Nominating Committee: Members of this Committee meet twice a year to approve candidates for the positions of President-Elect and Treasurer plus the MNAR representatives to the National Association of REALTORS® Board of Directors. The slate of candidates is forwarded to the MNAR Board for final selection to these positions. Apply here.

Professional Standards Committee: The objective of this Committee is to promote honesty, integrity, fairness and competence and to resolve controversies on the basis of informed judgment of one's peers. Applicants must be a REALTOR® member for a minimum of three years and will be required to attend an MNAR training program in December or January to serve on the Committee. Appointments will be made from the applications received. Apply here.


MNAR Seeking Candidates for the 2012 REALTOR® of the Year Award
The MNAR REALTOR® of the Year will be announced at the MNAR Leadership Reception in October. The winner will receive $1,000 to offset expenses to attend the NAR Convention in Orlando, where the National Association of REALTORS® will recognize our recipient along with REALTORS® of the Year from other states.

You can submit as many candidates as you feel are qualified. The MNAR Management Team may also submit candidates. The criterion for the MNAR REALTOR® of the Year heavily stresses State Association involvement over the last twelve months. Therefore, if you expect your nominee(s) to receive strong consideration for the MNAR REALTOR® of the Year, he/she should be able to document State Association Involvement.

The application form can be found here. All entries must be submitted on the REALTOR® of the Year form. Deadline for applications is August 31, 2012.


Honoring Political Involvement
Ed Anderson Award Applications Due by August 31st

With all the time constraints placed upon us in today's busy world, finding time to become politically active in order to benefit your industry is very honorable. That was the genesis and inspiration behind the Ed Anderson Political Achievement Award. An award designed to honor Minnesota REALTORS® who have contributed time, knowledge and resources to the preservation of the real estate industry.

If you know of a Minnesota REALTOR® who is active in politics and works to better the industry through their involvement, please submit an application on their behalf so they can be considered for the 2012 Ed Anders Award. Nominate someone here.

MNHOC.jpgForeclosure Prevention Counseling Saved MN Over $260 Million in 2011
The Minnesota Homeownership Center has released its "2011 Foreclosure Counseling Program Report," that analyses the information collected from the more than TEN THOUSAND Minnesota Households that sought foreclosure assistance from the Homeownership Advisors Network in 2011.

The report shows that, thanks to the work of the Homeownership Advisors Network, more than 3,700 foreclosures were prevented.

New Partnership Simplifies Finding Down Payment and Entry Cost Assistance

The Minnesota Homeownership Center is proud to announce a new partnership with Down Payment Resource, the first web-based down payment assistance search tool to help both homebuyers and Real Estate professionals seeking down payment and entry-cost assistance programs in Minnesota. For more information, please visit the Center's blog at www.hocmn.blogspot.com/2012/05/new-partnership-simplifies-finding-down.html.


REALTORS® Got Talent
Click here for more info. 

The Appraisal Foundation Seeks Candidates for the Appraiser Qualifications Board and Appraisal Standards Board
Completed applications for these vacancies must be received by August 1, 2012. There is one vacancy on each board. Applications can be found here. If you would like to request an application via email or if you have questions, please contact Arika Cole at arika@appraisalfoundation.org. Please use the phrase "2012 AQB/ASB Application Request" in the subject.


Homes for All Documentary
Minnesota's affordable housing communities are an essential part of the state's economic and social health. Join us for an in-depth conversation with residents, experts and community leaders that will show you the many ways Minnesotan's benefit when we're able to provide homes for all. Produced by MN Housing Partnership, Metropolitan Consortium of Community Developers and MN Community Land Trust Coalition.

This program will air on Tuesday, June 26th on Twin Cities Public Television on the following times:
2:00 AM
8:00 AM
2:00 PM
8:00 PM

IRS.jpgIRS News for Business
Revenue Procedure 12-26 provides the 2013 inflation adjusted deduction limitations for annual contributions made to a health savings account. 

Hot Issues report.  IMRS Industry Issues Quarterly Report includes guidance for reporting amounts redeemed with a gift card on Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips.

IRS.gov has information to help taxpayers understand IRS letters and notices without having to call or visit an IRS office.

Updated information on collection procedures for taxpayers who owe taxes.
Understanding a Federal Tax Lien
payment options
Selling or Refinancing When There is an IRS Lien video.

Recent Tax Tips include
TT 12-71 Managing Your Tax Records After You Have Filed
TT 12-07 Start Planning Now for Next Year's Tax Return
TT 12-74 Failure to File or Pay Penalties: Eight Facts

The Small Business and Self-Employed Tax Center is a one-stop resource for information. Financial literary sites include
American Institute of CPAs'  www.360financialliteracy.com.
Federal Government  http://www.mymoney.gov. (click on "Life Events", Starting/buying a Business)

Business USA has hundreds of resources for entrepreneurs and small businesses. You can subscribe at the site to receive e-mail updates.

HomeImprovementExpo.jpgFree Expo Passes for You, Your Customers, Clients, Prospects, Family and Friends!
The Expo Guys are happy to supply you with plentiful "Admit 2 Free" EXPO Passes for you and your employees, friends and families. These passes allow them to attend our up-coming expos and seminars FREE of charge.

These FREE Passes are available in quantity, for as many as you request, while supplies last.

Download the order form, and fax back to (952) 929-9510.

Tickets for the following events are available:

October 20-21, 2012 @ Minneapolis Convention Center

For more information, visit www.MediaMaxEvents.com.


Holy Bat Show! “Batman Live” is coming to the Xcel Energy Center this September.  Discount tickets on select performances are now available when ordering at https://secure.xcelenergycenter.com/GT/default.asp?Group=Minne91580. Feel free to visit http://www.batmanlive.com/home.php for a quick video of the show.

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