OAR e-Newsletter August 2016 e-News
August 2016

PRESIDENT'S MESSAGE

Debra Gisriel

Appraisal Crisis

I do not use the word crisis lightly and I am not an alarmist, but what I am hearing from brokers, lenders, and appraisers from around the state concerns me and it must be addressed. Brokers are telling me that some rural area appraisals are as much as three to four months out and average time frames on most appraisals is about six weeks and often as much as eight weeks. These lengthy time frames are onerous to our buyers and sellers as well. So what is the problem? READ MORE » 

 


PUBLIC POLICY

Hard Choices, Unfunded Liabilities: PERS & Oregon’s Housing Market – Yes, it’s all connected.

While politics can be an ugly process, there are some issues we just can’t ignore when it comes to our industry and our clients’ lives. Measure 97 this November is one such issue. The State’s inability to address our unfunded liabilities (read: budget deficit) has created an enormous budgetary problem – a $22 Billion problem, to be precise. As such, the investment Oregon makes to lower the cost of owning a home in Oregon, contributing to 16.2% of Oregon’s economy, is a primary target for more tax dollars. READ MORE » 

Broken Piggy Bank

LEGAL HOTLINE

Q&A: When Does Personal Representative Status Exclude from Property Disclosure Requirement?

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

Wire Fraud Notice Template Available

Wire Fraud

As you’re probably aware, there has been an increase in wire fraud issues, especially as they relate to escrow and earnest and purchase monies. For your immediate use, NAR has created a notice template you can add to your email signature regarding ways to avoid email wire fraud. This both alerts your clients to the issue and serves as a risk-reduction tool for you. However, this notice should not serve as a substitute for educating your clients and other participants in your real estate transactions about email wire fraud. To that end, we are considering adding a section on this topic to the Buyers and Sellers Advisories as well.

 

DocuSign Fraud

Fraud Alert

Along the lines of wire fraud, there have been reports of some fraud involving hacking into DocuSign accounts. What apparently has happened is that fraudsters have hacked into a REALTOR®’s account (it is not clear whether it is the REALTOR®’s e-mail account or their account at DocuSign, or both) and generated a fake e-mail to escrow alerting the escrow officer to the presence of a new document for a closing. The e-mail appears similar to any other DocuSign e-mail alert except when one clicks on the link to the document, instead of opening the document, a copy of the DocuSign web page appears asking the user to enter in their DocuSign account username and password. If this information is supplied, you have just granted access to the bad guys. In order to protect yourself and your clients, refer to this Top 10 List of tips to spot fraudulent emails and web sites by looking for signs including fake links, attachments, deceptive URLs, and more. Feel free to share with your clients. The list was provided by the legal counsel for a large title company who has dealt with this issue. READ MORE » 

 

Safety is Always in Season

REALTOR Safety Program

The end of summer is (sadly) almost here but busy season is still in full swing. That means many more showings, more open houses, and more meetings with clients. Now is a good time to remember to always keep safety in mind. The REALTOR® Safety Program provides safety resources and discounts for resources from the program’s featured safety providers. One of those resources is the award winning video “Real Estate, Safety & You” in which consumers learn about the potential safety protocols they may encounter when working with a REALTOR®. It’s a great resource to share with clients to educate them about the importance of REALTOR® safety.

 

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 Sept. 7 from 10 am – 7 pm for you to shop at the exclusive employee store at discounted pricing.  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 giftsREAD MORE » 

 

Aug. Real Trends Newsletter

REAL Trends Logo_V2

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 ADA compliant website requirements, the next frontier in real estate video, office dynamics, and a look back at the Jun. market trends reportREAD MORE » 


ASSOCIATION NEWS

Register OnlineThe 2016 OAR Convention returns to
Sunriver this Sept. 28 – 30.

2016 FC Video Image

Don’t miss this opportunity to secure your spot for:

  • 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 »

 

OAR Committee Selection Process

Get Involved

If you submitted your application to be on a 2017 OAR Committee by the Aug. 5 deadline, here’s what happens next. The selection committee meets on Aug. 25 to review the applications and make appointments based on available spots and best fit for each committee program area. From there, confirmation letters will be sent out to selected members in the week of Aug. 31. Good luck and thank you for your interest in serving your Association!

 

2017 Oregon Leadership Academy – Applications Due Sept. 6

Oregon Leadership Academy

The Oregon Leadership Academy is a four-month, three-session training and development program held in locations across the state. Through the program, the Association identifies emerging REALTOR® leaders, motivates them, and sharpens their leadership skills. Following completion, the Association expects graduates to exert a strong, positive influence on the future of the Association and the real estate profession. The cost of the 2017 program will be $695 per person plus lodging/travel. If you’re interested in participating, email jcollins@oregonrealtors.org for an application and return it by Sept. 6. Sessions will be held:

  • Feb. 1 – 3 in Newport

  • Apr. 5 – 7 in Sisters

  • Jun. 12 – 14 in Silverton

 

HOME Foundation Golf Tournament Raises Over $55,000!

$1 Million awarded in HOME Foundation grants

A great time was had by all at the 7th annual HOME Foundation Driving it HOME Golf Tournament on Jul. 21 at Langdon Farms in Aurora. A very popular event again this year (selling out in record time!), the full slate of golfers took to the links on a gorgeous Portland summer day to raise money for your non-profit which gives grants to organizations working on affordable housing issues in your communities. This year’s tournament raised over $55,000 which was over $10,000 more than last year! We’re excited to report that we’re on track to surpass the $1 Million mark in grants awarded this year since the HOME Foundation began just over 10 years ago. Thank you to all who participated, sponsored, or otherwise supported this great cause! Check out the pictures in the Facebook album here or our Flickr account to download here.


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 20%!

August 2016 Education Chart

UPCOMING EVENTS

You don't want to miss these!


FEATURED BENEFIT

Buyer & Seller Advisories

The #1 most frequently visited page on the OAR website is the Buyer & Seller Advisories. Chock full of helpful information for your clients involved in a transaction (translatable into many languages, too), they are a great member benefit. Feel free to link to them from your own website or emails to pass the information along to your buyers and sellers. They’ll thank you for your service and appreciate the value you bring as a REALTOR®.

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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 Taste of Portland supporting the HOME Foundation, others are sponsors of the 2016 OAR Convention at Sunriver this September…and some are both! 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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