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May 2015

PRESIDENT'S MESSAGE: OREGON REALTORS® REPRESENT IN D.C.

Colin Mullane

It's been another busy month for Oregon REALTORS® and your leadership team, NAR Directors, and Federal Political Coordinators have been busy on your behalf also. Just last week many of us (nearly 80 Oregon REALTORS® in total) travelled back to Washington DC to meet with members of Congress about some critical issues. We spoke to them about homeownership, commercial real estate, and financing issues including the importance of Government Sponsored Entities (GSEs) in the market place and the Mortgage Interest Deduction among many other things. READ MORE »

NAR Mid-Year Pics 2015

PUBLIC POLICY

The Big One We’ve Been Expecting

MIDThe Joint Tax Credit Committee unveiled a draft outline for increased taxes and additional spending on Thursday of this week. The details include impacts to the Oregon Mortgage Interest Deduction.


The Co-Chairman of the Committee, Phil Barnhart (D-Eugene), said the committee would work the concepts of an omnibus bill over the next two to three weeks. Your Government Affairs team also will be working the bill to get to better outcomes for homeowners over coming weeks. If things don’t work out the way they should, we’ll be activating a call for action.


Like a concept rolled out two years ago, the package as currently drafted literally gives Hollywood a tax break on the back of homeowners!


For anyone looking to track the progress of HB 2093, click here, then select “e-Subscribe Email.”


If the link doesn’t work for any reason, copy and paste the following into your browser:https://olis.leg.state.or.us/liz/2015R1/Measures/Overview/HB2093.


Kicker’s Gonna Kick…Probably

Tax RefundLast week, the State learned it would have an additional $124 million more in taxpayer revenue than was estimated in February. Also because of the positive growth in the economy, Oregon’s Kicker, codified in the Oregon Constitution, will likely kick – providing $284 for the average taxpayer as a rebate when you file your taxes in 2016.


I say “likely” kick because there are conversations occurring to suspend the Kicker. However, the suspension would be unlikely due to the votes required to trigger a suspension.


Say what you will about the politics of Oregon’s Kicker, but two things are true:

1. The Kicker is one of the only functional constraints on the growth of government – limiting growth to 2% above the projected budget of any given budget cycle.

2. The economy has grown and the legislative assembly has nearly $1.75 billion in additional revenue to spend even without the addition of a suspended Kicker.


LEGAL HOTLINE

Q&A: Well Testing Requirements

CLICK HERE to read this month's Q&A case study. Members can also review previous Legal Q&A topics by logging into our website.


JOIN the Legal Hotline

Want year-round access to a licensed real estate attorney for only $125 annually? CLICK HERE to find out more!

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NEWS YOU CAN USE

Safest Cities in Oregon

Oregon Outline Heart

Safety is an important factor when home buyers decide where to live. Analyzing statistics from the most recent FBI Crime Report, and adjusting the crime score metric for population size, this report presents the Top 5, the Top 10 by three different size categories, and a complete alphabetized list. READ MORE »

 

Broker Owner Summit - Seattle

Broker Summit

Don't miss your chance to participate in these exclusive NAR Broker Summits that were created specifically for broker owners! Topics for each event were developed specifically for broker owners and managing brokers. Registration is now open. Due to last year's tremendous success, registration has been expanded to accommodate 300 attendees at each event. Last year it sold out in a month – don’t be left out! Take advantage of early bird and multi-event discounts and register today! 

• Broker Owner Summit, August 17-18 — Seattle, Washington

Attend this event to network with colleagues and gain advice on management issues that matter to you as a Broker.

• New! Broker ‘Tech Edge’ Summit, August 18-19 — Seattle, Washington

The Broker 'Tech Edge' Summit will focus exclusively on the technology issues that matter to you as a business owner.

 

 

FAA Widens Study on Drone Uses

Drones

The Federal Aviation Administration's latest announcement on UAVs could be "good for real estate," and pave the way for allowing greater use of drones by real estate professionals. However, for now, we continue to caution you against the use of UAVs to capture aerial photos and videos of listings until the FAA issues its long-awaited final guidelines on flight permissions. READ MORE »

 

 

NAR Board Approves Nationwide Listing Data Entry System

Listing

One of the most significant actions to come out of last week’s NAR Board of Directors meeting in Washington D.C. (see full recap of BOD actions) is a vote to approve a partnership that is designed to create a single online portal for all listing data posted by real estate brokerages, MLSs and associations while enabling brokers to maintain control of their listing information. READ MORE » 

 

 

Beverly Carter's Family Addressed REALTORS® in D.C.

Beverly Carter

In one of the most poignant moments of the entire REALTORS® Legislative Meetings & Trade Expo in Washington, D.C. last week, the late Arkansas real estate agent's husband and two sons implored practitioners to make safety a higher priority in their businesses. OAR is currently exploring the possibility of offering the new NAR safety course later this year at locations around the state (more to come). READ MORE »

 

Combatting Patent Trolls

Patent

NAR has issued a statement in support of the Protecting American Talent and Entrepreneurship (PATENT) Act of 2015, which was introduced in the Senate on April 29."The comprehensive reforms proposed in the PATENT Act, including demand letters, are a good first step toward strengthening and restoring an essential balance to the patent litigation system, which has been urgently needed for years," NAR President Chris Polychron said in the statement. Related video. Op-ed by NAR President Chris Polychron.

 

OAR Fall Convention Registration Now Open

2015 Fall Convention

 

 

 

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Watch Video 

The 2015 OAR Convention returns to Sunriver Sept. 30 – Oct. 2. Take advantage of the $175 early bird price to secure your spot for:

• Equivalent of two (2) full days of education (including some CE!) covering legal and business issues, risk management, and inspirational topics

• Fantastic national and local speakers

• Ongoing socialization and networking opportunities with state-wide colleagues

• 30+ vendor trade show with raffle prizes, lunch and a happy hour included

Come early for the Fall Governance Meetings (Sept. 29 – 30) and stick around for all the future focus and fun! Space is limited and is already 20% pre-sold!. READ MORE »

 

NAR Convention Registration Open

San Diego

The annual NAR Convention is back in the West this year, Nov. 13 - 16. A short flight to San Diego can get you to this powerful and valuable opportunity to learn and network with the best of the REALTOR® family. Three-time Super Bowl Champion with the Dallas Cowboys – Emmitt Smith, CCIM – gives this year's keynote address and nine-time Grammy Award-winning recording artist and Academy Award winner John Legend headlines the celebrity concert! Registration is now open. Sign up early to get access to the best hotel rooms, starting at just $149/night. We hope to see you there!

 

May Real Trends Newsletter

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As one of your member benefits, OAR subscribes to REAL Trends and passes this valuable information on to you. This month’s newsletter includes features on market trends, finding and developing raw talent, reputation management, and brokerage firm valuations. READ MORE »


UPCOMING EDUCATION

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Green Rush Webinar Image

UPCOMING EVENTS

Don't Miss Out!

The golf tournament is SOLD OUT but Convention still has space available. Take advantage of the early bird price to save $24 on registration by Aug. 14. Click the graphics below for more information and to sign up!

Golf Tournament Pic Sold Out Taste of Portland Pic Fall Gov Image Fall Conv Image

Langdon Farms, Aurora

The Castaway, Portland

Sunriver Resort, Sunriver

Sunriver Resort, Sunriver

Jul. 16

Sept. 17

Sept. 29 - Key Committees
Sept. 30 - BOD Meeting

Sept. 30 - Oct. 2


FEATURED BENEFIT

Webinar Library

We have offered an average of two webinars every month since the beginning of the year. They’ve been very popular and well-attended but we completely understand that sometimes your schedule just doesn’t allow you to be there live. While we can’t offer CE credit for viewing the content after the fact, the information is still available to you as members. Check out the webinar archive or browse our YouTube channel to see all the previously recorded sessions at your convenience anytime.

Webinar Library

FEATURED MEMBERS

Two Oregonians Win NAR 30 Under 30

In March, we featured two Oregon REALTORS® who were finalists for the NAR 30 Under 30 honor. Well, they both won! This brings the total of Oregon up-and-comers to an even dozen in as many years. According to REALTOR® Magazine, this year’s group of young professionals exemplifies the ingenuity, dedication, and prowess that is raising the bar in real estate today. Congratulations! Way to represent the YPN set and Oregon so well!

2015 30 under 30

Jordan Grandlund (Cascade Sotheby’s International Realty, Bend)

Age: 28 | 2014 Individual Sales Volume: $16.5 million | 2014 Individual Sides: 44

Lauren Hasson (The Hasson Co., REALTORS®, Portland)

Age: 25 | 2014 Individual Sales Volume: $16.5 million | 2014 Individual Sides: 24


FEATURED SPONSOR

Thank YOU!

Thank you to the continued generosity of these fantastic sponsors who step up to support REALTOR® events and causes year after year. Wells Fargo Home Mortgage and RMLS are Elite and Premier level sponsors, respectively, of our upcoming Taste of Portland on Sept. 17 at The Castaway in Portland. Event tickets are now available! Please honor their allegiance to your Association by considering them for your business needs.

Wells Fargo

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