OAR e-Newsletter July 2016 e-News
July 2016

PRESIDENT'S MESSAGE

Debra Gisriel

Real estate is a profession!

In my last President’s message, and in an article that was in the Oregon Real Estate Agency Journal, I started the conversation about professionalism and raising the bar in our industry. I received more emails and phone calls from it than all previous messages and articles combined. Thank you for all of the positive feedback and encouragement to lead the charge to accomplish this bold initiative. The work has begun and the course is being set to move forward!

 

I am therefore reaching out to each and every member of the Oregon Association of REALTORS® to engage in the momentum to Raise the Bar of professionalism in our real estate industry. One way to participate and get involved is to attend the OAR Convention in beautiful Sunriver in September. There will be many quality education classes, speakers, and panels…not to mention some fun, food, and networking with other REALTOR® professionals from all over our great state. You are also welcome to attend the OAR governance meetings and observe your elected volunteer leadership at work on your behalf. I hope to see you in Sunriver!

  

The 2016 OAR Convention returns to Sunriver this Sept. 28 – 30. Save $25 – early bird deadline is Aug. 14! Don’t miss this opportunity to secure your spot for:

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  • Lots of high value education (most qualifying for CE!) covering legal and business issues, risk management, and inspirational topics

  • Fantastic national and local speakers

  • Presidential Installation banquet & Distinguished Service Award luncheon

  • Ongoing socialization and networking opportunities with statewide colleagues

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

Here’s the detailed schedule with a specific list of session topics. Not convinced? Check out this 1 min. video that shows you just how valuable and fun it will be! Space is limited (especially housing)! READ MORE & REGISTER »


PUBLIC POLICY

Housing Opportunity Through Modernization Act Passes!

Late at night on Thursday, July 14, the U.S. Senate passed HR 3700, the “Housing Opportunity Through Modernization Act,” by unanimous consent.  The legislation is expected to be signed by President Obama. With nearly 140,000 contacts to Senators, Capitol Hill office visits during the 2016 REALTORS® Legislative Meetings & Trade Expo and meetings across the nation, and with 15% of Oregon REALTORS® responding to the Call For Action, this is a true team victory for NAR. You can view President Tom Salomone’s statement on NAR’s victory here. Passage of HR 3700 will ease FHA condo rules, make transfer fee rules consistent with the GSEs, and streamline the rural housing loan approval process.

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Senator Wyden Introduces Bill for First-Time Home Buyers

On Wednesday, July 13, Senator Wyden introduced a bill to create a permanent first-time homebuyer tax credit.  Titled “The First-Time Homebuyer Credit Act” (S. 3175), Wyden says he considers it part of a broader effort to make housing more affordable across all income levels – a housing policy safety net, stating, “The housing policy of America needs a remodel." The bill would grant first-time buyers a refundable credit equal to 2.5% of the purchase price of their principal residence. The maximum credit amount is $10,000. For the mathematically challenged, the full $10,000 credit is achieved with the purchase of a $400,000 property. According to Wyden’s staff, that closely equates to the average house price in Portland these days. Highlights include a phase-out for homes above $600,000. In addition, there is an income phase-out, starting at above $80,000 for singles and $160,000 for joint filers. There are no inflation adjustments. First-time buyer is defined very strictly – you must have never owned any real estate. For purposes of new construction, the taxpayer may claim the credit when the home is occupied.

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Owyhee Canyonlands Update

Also last Thursday, July 14, U.S. Rep. Greg Walden joined with other lawmakers in adding a section to the Interior Department’s budget to prevent a national monument declaration in Malheur County. Check out the Congressman’s Facebook page for more information on this action.

Our Land Our Voice

LEGAL HOTLINE

Q&A: Disclosing Engineering Reports or Other Professional Inspections

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

New Drone Rules for Real Estate

Drones

On June 21, 2016, the Federal Aviation Administration (“FAA”) issued its highly anticipated “Small Unmanned Aircraft Rule” (14 C.F.R. Part 107). As a result, effective Aug. 29, 2016, real estate professional can operate drones for a host of real estate-related purposes such as capturing aerial imagery of property listings. In response to members’ growing interest in using this technology in connection with their real estate businesses, NAR assembled this FAQ to address some of the most frequently asked questions regarding the legal and regulatory landscape pertaining to the use of unmanned aircrafts. READ MORE »

 

Exclusive Access to Columbia Employee Store!

Columbia Employee Store Passes

Columbia Sportswear Company will be opening their Employee Store in Beaverton to real estate professionals the first Wednesday of the month through the end of 2016. The next fun event will be Aug. 3 from 10 am – 7 pm for you to shop at the exclusive employee store at discounted pricing - this is also during the Summer End of Season Sale! Columbia Sportswear Company is a portfolio of brands including Columbia, Mountain Hardwear, Montrail, Sorel and prAna.  Shopping at the Employee Store will allow you access to products from multiple brands to keep you comfortable and enjoying the outdoors.  Not only can you as professionals traversing the weather here in Oregon use these products, but Columbia products and gift cards make great closing gifts.  READ MORE »

 

How REALTORS® Can Prepare to Assist in Land Investment Transactions After ‘Brexit’

Brexit

REALTORS® Land Institute states ‘Brexit’ could create an influx in land real estate investments that all real estate professionals should be prepared for by knowing where to find a land consultant in case they are approached to assist in a land real estate investment transaction. READ MORE »

 

Jul. 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 articles on a comparison between football and the real estate industry, ideas for drumming up inventory, developing a marketing and technology plan, and a look back at the May market trends reportREAD MORE » 


ASSOCIATION NEWS

Volunteer to Be On an OAR Committee

Volunteer

Are you politically minded? Do you get excited about tracking legislation that could have a big impact on the industry? Perhaps education is your bag. Or you’re tapped into the regulatory side of things and how that impacts daily practice. If so, WE NEED YOU! Now is your chance to get involved on a committee at the state level which could lead to an elected position…and most likely bring you more business through valuable statewide connections. 

LEARN MORE about what committees are available, what they’re all about, and the time commitments involved. Then submit your application by Aug. 5  to be considered for nomination. As a volunteer-led organization, this is your chance to help shape the direction of the Association. We look forward to seeing new names on the interest list!

 

What Do You Get for Your Dues Anyway? A Member’s Perspective

Colin Mullane

“I became a REALTOR® 16 years ago and for the first seven of those years I was blissfully ignorant of the difference between my local, state, and national association or why I paid them dues ON TOP OF MLS fees…OMG! And then the cheek to look for even more $s for RPAC...don't they get it?” Does this sound like you? Hear it straight from Colin Mullane (Full Circle Real Estate, Ashland), a fellow REALTOR® who once felt just like you did but came to realize just how much the Association has to give. READ MORE »


UPCOMING EDUCATION

Classes Coming Your Way

Check out the graphic below for our upcoming courses or head to the web calendar that includes OAR education and other Association-offered or related classes that we’re aware of. Don’t forget about our partnership with The CE Shop where you can get a monthly online CE discount for education at your fingertips when you need it. This month you can SAVE 25%!

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UPCOMING EVENTS

You don't want to miss these!!

Taste of Portland conv and fall gov pic 2016 NAR Conference 

Sept. 8

The Castaway, Portland

REGISTER ONLINE »

Sept. 27 – 30

Sunriver Resort, Sunriver

REGISTER ONLINE »

Nov. 2 – 7

Orlando, FL

REGISTER ONLINE »


FEATURED BENEFIT

Risk Management Toolkit

Available ONLY to members of the Oregon Association of REALTORS® and one of our most-clicked features on the OAR website, this toolkit is a comprehensive reference guide for all the practical and technical questions you may have about the business of real estate. Topics covered include:
  • Advertising regulation, fair housing law, making legal cold calls 
  • Agency relationships, dealing with FSBOs, commission issues 
  • Forms, multiple offers, contract performance, short sales 
  • Initially identifying, analyzing, and mitigating risk 
Manage Your Risk
Applicable rules and regulations are set out at the beginning of each subject with links to the actual statue or rule. Explanations of each rule or statute are linked to the statute or rule. Each subject is then discussed in depth with imbedded links to other applicable sections, related websites and other helpful information on that subject. Take advantage of this invaluable resource to stay out of trouble. LEARN MORE » 

FEATURED SPONSORS

THANK YOU!

Thank you to the continued generosity of these fantastic sponsors who step up to support REALTOR® events and causes year after year.  Some are sponsors of our 2016 Taste of Portland supporting the HOME Foundation and others are sponsors of the 2016 OAR Convention at Sunriver this September. You know they bring the fun! So, save the dates and plan on being at this can’t miss industry party and education/networking event. Please honor their allegiance to your Association by considering them for your business needs.
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