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   Michigan REALTOR E-News

 

Copeman Elected as 2015 Treasurer for Michigan Realtors®

On June 19, 2014, The Michigan Realtors® Board of Directors elected Jason W. Copeman, GRI, as its 2015 Treasurer.  Copeman is currently serving his second term on the Board of Directors, representing the Upper Peninsula Association of REALTORS®. He will assume the office of Treasurer on January 1, 2015. “Michigan Realtors® celebrates its 100 year Centennial in 2015. It's only fitting that we elected the first ever officer to represent Michigan's Upper Peninsula. I am confident that this leadership team will lead us into 100 more years of serving our members and preserving the American dream of homeownership.” Says 2014 Michigan Realtors® President, Carol S. Griffith after the election of Copeman.

Pursuant to Bylaws of Michigan Realtors®, President-Elect Gene Szpeinski, CRS, GRI, will automatically assume the office of President in 2015. Gene is a member of the Grand Rapids Association of REALTORS®, Commercial Board and Commercial Alliance of REALTORS®. Current Treasurer, Gary J. Reggish, CRS and member of the Greater Metropolitan Association of REALTORS® was unanimously elected as 2015 President-Elect.

View Press Release

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DEQ Survey: Environmental Clean-Up Laws
 
Many elements of Michigan’s environmental clean-up laws may affect your jobs, your clients, or others with whom you interact. The Remediation and Redevelopment Division (RRD) of the Michigan Department of Environmental Quality (MDEQ) would like to know your interest level and how familiar you are with provisions of Michigan’s clean up laws that affect property transactions and public health concerns. Some of these provisions include:

• Restrictions on groundwater, soil, and property use.
• Notices that inform property owners that contamination has migrated onto their property.
• Assessments that identify a property is contaminated.
• Plans that identify what activities are necessary to prevent unacceptable exposures to existing contamination on a property.

Below, please find a link to a simple survey from the Remediation and Redevelopment Division of the DEQ. We appreciate you taking the time to complete the short survey.

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Add Value by Using 1031 Exchanges

In a recent NAR Commercial Podcast, Rochelle Stone, founding partner of Starker Services, Inc., discusses how 1031 Exchanges help add value for your clients by deferring capital gains taxes and even avoiding needless taxes.

Listen to Podcast

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Michigan Realtors® Scholarship Trust Applications Due July 1st

The Michigan Realtors® Scholarship Trust fund provides scholarships to full-time undergraduate and graduate students who are taking classes that will lead them to a real estate career. Students can receive up to $2000 per year from the fund. 2014 applications are due today, July 1st.

Learn more

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Pending Home Sales Surge in May

Realtor.org – June 30, 2014

Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors®. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the largest gains.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 6.1 percent to 103.9 in May from 97.9 in April, but still remains 5.2 percent below May 2013 (109.6). May’s 6.1 percent increase was the largest month-over-month gain since April 2010 (9.6 percent), when first-time home buyers rushed to sign purchase contracts before a popular tax credit program ended.

Lawrence Yun, NAR chief economist, expects improving home sales in the second half of the year. “Sales should exceed an annual pace of five million homes in some of the upcoming months behind favorable mortgage rates, more inventory and improved job creation,” he said. “However, second-half sales growth won’t be enough to compensate for the sluggish first quarter and will likely fall below last year’s total.” 


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Apply for a Michigan Political Leadership Fellowship

The Michigan Political Leadership Program (MPLP) at Michigan State University (MSU) recruits, trains, and inspires tomorrow’s public policy leaders, preparing them with vision, commitment, and the skills for effective governance. In a multi-partisan learning environment, a diverse group of 24 individuals from across the state engage in a public policy and leadership curriculum. A unique concept not only in Michigan but also nationally, this ten-month weekend program incorporates practical politics, public policy analysis and process, personal leadership development, and effective governance. Applications must be received no later than Friday, September 5, 2014 for consideration.

Learn more and download application

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Legal Lines – Representing International Clients
 
With the help of McClelland & Anderson, we are taking the most recently asked questions from our legal hotline and putting them in E-news. We will be featuring a different question each issue.

QUESTION:
A man from Canada is selling land located in Michigan. Can I represent him or does he need a Canadian agent?

ANSWER:

YES, you can represent him in this transaction. Your license authorizes you to sell real estate in the state of Michigan. It does not matter if the client is from another state or country.

For more Legal Q&A, visit the new Legal Resources Web site

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Featured Member Benefit: UPS Discounted Shipping

Don’t forget, you can save big every day with UPS. Through our partnership with UPS, you have exclusive access to the UPS Savings Program, which provides Michigan Realtors® up to a 28% discount on UPS shipping. To sign up for the program click here.

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In this issue:

Notice: Effective May 1st, 2014, Michigan Realtors® discontinued our P.O. Box service. Our mailing address is 720 N. Washington Avenue, Lansing, MI 48906. Please remove P.O. Box 40725 from your records and mailing lists. Thank you.

Upcoming Events

YPN Statewide Happy Hour
Save the dates!
July 31 and August 28
Learn More

Go Grand With Knowledge
August 27-28, 2014
Grand Hotel
Mackinac Island
Register

Convention & Expo
October 1-3, 2014
Amway Grand Plaza Hotel & DeVos Place
Grand Rapids
Register

Centennial Celebration
1915-2015
Learn More

For more Upcoming Statewide Events, visit the Statewide Calendar

 
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Real Estate Radio Today: Garages, Sheds and Storage

Real Estate Today opens doors for buyers and sellers with critical and credible information on the real estate market. It’s fast paced and fact packed with experts, interviews, call-ins, field reports, and timely market conditions.

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