OAR New Logo (png with smaller boarders) e-News
June 2015

PRESIDENT'S MESSAGE: NO SUMMER VACATION FOR REALTORS®!

Colin Mullane
Colin Mullane

It's summer, the market is still hot, and you barely have time to drink a coffee in the morning; so if you're reading this, I thank you! We have had a busy spring and start to summer at OAR also and I’d like to give you some updates on a few things:

    • Our recent value proposition workshop in Salem

    • Extension of the implementation of the new TRID standards

    • A focus on continued professionalism in our industry. 

READ MORE »


PUBLIC POLICY

New Oregon CapitolWhat's left?

In last week’s issue of the Quorum Call we reported on what’s left of the legislative docket for the Oregon Association of REALTORS®. With the constitutional deadline for the session set at July 11, many are wondering, “what’s left for the legislative assembly to do?”

 

We’ve entered the period of session where the government affairs professionals all start to bet on the actual day and hour of Sine Die. Things have slowed considerably and the focus has shifted primarily to budget related items. However, two major pieces of legislation are being negotiated in small leadership workgroups. Namely, a package of bills relating to the legalization of marijuana and changes to the medical marijuana system and the potential repeal/modification to the Low Carbon Fuels Standard in exchange for a gas tax / transportation package.

 

Both proposals are very fluid at this point, but here is what we think we know right now. (Warning: the following is very speculative. Look to our final report on these two issues for detailed analysis.) READ MORE » 


LEGAL HOTLINE

Q&A: When Is It OK to Decline to Represent?

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

Closing Rule Changes Delayed to Oct. 1

CFPB

The CFPB has proposed pushing back the implementation date of new mortgage disclosure rules (“Know Before You Owe”) stemming from the TILA/RESPA Integrated Disclosure regulation. The new rules were originally set to take effect Aug. 1 and the proposal must still undergo a public comment period before it becomes official, but it’s a very positive step in the right direction for REALTORS® and consumers. The new deadline avoids the peak summer selling season and transition to back-to-school for many families.

 

You should still be prepared, though! Check out the archived 3/30 webinar on RESPA/TILA changes and/or watch this video from NAR in which NAR Senior Counsel Finley Maxson shares tips on meeting the new closing requirements when the HUD-1, Good Faith Estimate, and Truth in Lending Act disclosure are consolidated into a new loan estimate and closing disclosure. Stay tuned for more education on this subject from OAR as well.


OAR Convetion: Keynote Speakers Highlighted

Speaker Video Image

Details are coming together on all the education at the OAR Fall Convention. Click here for the full schedule and stay tuned for more developments. Also, check out this highlights video featuring our three keynote speakers to find out just how inspirational and informative this convention will be. Don’t miss it! Register now »


Taste of Portland Looks Fun & Delicious!

Taste Highlight Reel Video Image

If you’ve never been to the Taste of Portland, check out this video and see what you’ve been missing! It’s a very fun party with cool people from across the industry and so much good food and drink. And it’s all for a good cause…raising money for affordable housing through the HOME Foundation! Save the date (Sept. 17) and get your tickets now


Interest Rates Forecast

Interest Rates

According to economist Elliot Eisenberg, PhD, (a keynote speaker at the upcoming 2015 OAR Convention), at the 6/17/15 news conference following a meeting of the interest rate setting FOMC, Chairwoman Yellen was clear about three things.

    1) rates will start rising later this year (probably 9/17/15);

    2) rates will rise by one percentage point every 12 months for the next three years,
        which is unusually slow, just half as fast as in past rate-rising cycles, and;

    3) sustained GDP growth above 2.5% per year is not expected soon. 


FAA-approved Drone Operators Available

Drones

NAR has created a list of operators possessing a federal waiver allowing them to offer photography, inspection, appraisal, and other real estate services using drones. The list is not an endorsement of any operator; it is a restatement of information publicly available from the Federal Aviation Administration. Commercial drone use is not permitted without the waiver.


D.A.N.G.E.R. Report Available

DANGER Report

Loss of listing data control, new regulations, and dilution of the REALTOR® brand by substandard performance are among 50 issues keeping brokers, sales associates, and executives of associations and MLSs up at night in the D.A.N.G.E.R. Report, available on REALTOR.org. The report was commissioned by the NAR Strategic Thinking Advisory Committee and researched and compiled by industry analyst Stefan Swanepoel. READ MORE »


PSU Center for Real Estate Quarterly - Spring 2015

PSU Center for Real Estate

The latest issue of the PSU Center for Real Estate Quarterly Report, produced with the assistance of the Oregon Association of REALTORS® and RMLS, along with special assistance this quarter from the local chapter of NAIOP, is now available. You can find the latest issue by clicking here or get a summary of the report's findings here. The analytics in this report SHOULD NOT BE MISSED!


It's RPAC Time!

Apple Watch_RPAC Raffle

Apple Watch_RPAC Raffle

 

If you’ve been on the fence about investing in RPAC, we’ve decided to sweeten the deal. Invest in RPAC anytime between Nov. 1 – 2014 – Nov. 30, 2015, and be entered into a drawing to WIN ONE OF TWO DIFFERENT APPLE WATCHES. (Any investments already made are retroactively included.) RPAC enables REALTORS® to support candidates that support the issues that are important to your profession and livelihood. Invest in YOUR business by protecting your industry and potentially score a cool, new tech toy in the process. READ MORE »


NAR Director & FPC Reports – NAR Mid-Year Meetings

US Capitol

A group of your fellow members represented you and Oregon at the NAR Mid-Year Meetings in Washington DC last month. They are your NAR Directors and Federal Political Coordinators (FPCs) and are members of the NAR Board of Directors and key constituents to our federal Senators and Representatives. Since they travel at the expense of the Association, they are each responsible for reporting back on their time at the conference. Click here to see what information they brought back this time. *Any reports not yet available will be distributed in the Jul. e-News.


Broker 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 the tremendous success of last year's event, 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 registration (through June 30) 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.


June Real Trends Newsletter

REAL Trends Logo

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 a summary of the upcoming CFPB changes, recruiting raw talent, valuations of teams, and the latest housing market report. READ MORE »


UPCOMING EDUCATION

Seller Fin OREF Webinar Image
Buyer Contract Webinar Image
OREA BOD 8.3 Meeting

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

What is RPR®?

Successful agents consistently seek new strategies that will grow and brand their businesses, maximize their time, and help them gain a competitive edge in the marketplace. Fortunately, all of those objectives, and more, can be met by tapping into the most powerful data platform available to members of the National Association of REALTORS® family, Realtors Property Resource® (RPR®). As one of the most exciting benefits included in your NAR membership, and offered at no additional cost, RPR® offers exclusive access to analytics and custom branded reporting tools that can be printed, emailed or texted from anywhere at any time. Start your journey to success by visiting RPR’se learning center or register by visiting  narrpr.com. And don’t forget to download RPR Mobile™ for anytime, anywhere access.

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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. NexTitle is a Corporate/Hole sponsor of our upcoming Driving it HOME Golf Tournament and Hasson Company REALTORS® and Advantis Credit Union are Premier and Major level sponsors, respectively, of our upcoming Taste of PortlandThe golf tournament is already sold out but those of you lucky enough to get a spot on the team will be able to mingle with the fun folks from NexTitle.  But tickets for the Taste are still available and Hasson and Advantis are sure to bring a good time.  Please honor the allegiance of all of these sponsors to your Association by considering them for your business needss.

NexTitle Logo

Hasson Company Logo

Advantis Logo


 

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