OAR e-Newsletter October 2016 e-News
October 2016

THE LEAD...

George Grabenhorst 2017 OAR President

Salem’s George Grabenhorst Is Your New OAR President

Salem native and fourth generation REALTOR® George Grabenhorst has been installed as the President of the Oregon Association of REALTORS® for 2017. His term of office officially commences on Nov. 8, the day after the annual National Association of REALTORS® convention adjourns. Grabenhorst has been in the real estate business for 28 years. Most recently he is a Senior Advisor with SVN Commercial Advisors in Salem. Prior to that Grabenhorst owned and operated Grabenhorst & Associates (previously Grabenhorst Bros.), a family real estate business first opened in Salem in 1910. READ MORE »


PRESIDENT'S MESSAGE

No on Measure 97

Now more than ever, it is critical for Oregon REALTORS® to come together and speak with one voice for a sound and dynamic real estate market. At the local, state and national levels, our elected officials are making decisions that have a huge impact on REALTORS® and our customers. We support candidates regardless of political party affiliation. We are The REALTOR® Party, a powerful alliance of REALTORS® and REALTOR® Associations working to protect and promote homeownership and property investment. The REALTOR® Party speaks with one voice to advance candidates and public policies that build strong communities and promote a vibrant business environment. My personal message to you as members of OAR is to make sure you exercise your right, and VOTE! I’d also like to invite you to take a look at our 2016 OAR VOTER GUIDE »

Debra Gisriel

PUBLIC POLICY

Why We Oppose Measure 97

What was the genesis of Measure 97? It’s a complicated story. In the 1990s, Oregon’s economy grew substantially thanks primarily to the tech sector. Unfortunately, one byproduct of the unprecedented growth were various decisions by our Public Employee Retirement System Board that resulted in overestimating the performance of our state employee retirement accounts (PERS). The cumulative impact of overestimating the returns on PERS investments resulted in unrealistic actuarial projections. Coupled with an aging population that is living longer, we now have a massive unfunded liability in the state budget. Currently estimated at $20 billion, any funding gap between the account balance and the performance of the investments must be paid by the taxpayers of Oregon. READ MORE »

No on 97

LEGAL HOTLINE

Q&A: Does a “finder’s fee” count as a real estate commission?

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

Federal Appeals Court Halts Major Penalty in Referral Payment Case

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On Oct. 11, the U.S. Court of Appeals vacated a $109 million penalty imposed by the Consumer Financial Protection Bureau (CFPB) against mortgage lender PHH Corporation for allegedly violating the Real Estate Settlement Procedures Act (RESPA) by paying for referrals where there is federally related mortgage. The court held in favor of PHH, stating that payments for bona fide services provided and made at fair market value do not violate RESPA, reinforcing NAR’s support of marketing service agreements. As is, it’s a big, precedent-setting win for our industry, though CFPB is expected to appeal. READ MORE »

 

Ethics Compliance Clock Is Ticking...

Code of Ethics

Tick-tock, tick-tock. Every REALTOR® member needs to complete the NAR Code of Ethics course by the end of this calendar year to maintain their REALTOR® membership. Have you done so? If not, The CE Shop has two unique online courses for commercial or residential brokers that will help you meet your REALTORS® Code of Ethics training requirement AND count for Oregon CE credit. REGISTER TODAY »

 

Help Available for Failing Septic Systems

septic

The Oregon Department of Environmental Quality and regional nonprofit lender Craft3 have teamed up to make septic system repairs more affordable for Oregonians in need. Properly functioning septic systems treat sewage to minimize groundwater and surface water pollution. In announcing the new partnership, DEQ Interim Director Pete Shepherd noted unanticipated costs to repair a failing septic system can be a huge financial burden. The DEQ/Craft3 program will help both low income Oregonians and small businesses. READ MORE »

 

Oct. Real Trends Newsletter

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One of your many benefits of OAR membership is that we subscribe to Real Trends and pass it on to you! This month’s newsletter includes several intriguing articles. Are you adapting to the changing times (both technology-wise and otherwise)? Does eating that free box lunch at a seminar violate RESPA guidelines? Is your brokerage growth opportunity in … Africa? All this and much more in the OCTOBER NEWSLETTER » 


ASSOCIATION NEWS

Wimmers, Starr Earn Top Statewide OAR Recognition

REALTOR Award Recipients

A pair of REALTORS® — one from The Dalles, the other from Eugene — have been named winners of the Oregon Association of REALTORS® top two statewide awards. Nan Wimmers, principal broker of Columbia Gorge Real Estate, is OAR’s 2016 REALTORS® of the Year, while Jeremy Starr is the recipient of OAR’s Distinguished Service Award. Starr is the broker/owner of John L. Scott Real Estate in Eugene.

 

“I am still in shock of being awarded this honor by my peers,” Wimmers said. “The REALTORS® that have won this award in previous years are people I have looked up to, so it’s a little overwhelming.” Wimmers has worked in real estate since the early 1990s. She and her sister have co-owned Columbia Gorge Real Estate since 2008. MORE ON WIMMERS »

 

Starr was named OAR’s REALTORS® of the Year in 2008. The OAR’s Distinguished Service Award recognizes Starr’s 30-plus years of leadership and volunteerism in both the real estate industry and his community. “This means a lot to me,” said Starr. “It’s a wonderful honor. I’ve always been surrounded by good people, and this is a reflection on them as well. MORE ON STARR »

 

It’s A Wrap!

2016 OAR Fall Convention

Over 300 Oregon REALTORS®, vendors, speakers, staff and others gathered at Sunriver the last week of September for the annual OAR Convention. While important OAR governance business was conducted in conjunction with the event, the main focus of the annual convention is for Oregon REALTORS® from every corner of the state to network, learn from one another and further promote professionalism in our industry. One great note to pass along: the dessert auction at the presidential installation dinner raised $7,100 for the HOME Foundation. When this year’s grants are awarded in December, we anticipate breaking the $1 million mark in contributions to promote affordable housing in Oregon! You’ll be hearing more about that for sure. In the meantime, check out convention photos on our Facebook page.

 

Salem REALTOR® Tiffany Jones Passes Away

Tiffany Jones

We are sorry to pass along the news that Tiffany Jones, a longtime member of the Salem REALTOR® Association, lost a 10-month battle with cancer on Oct. 4. She was 43. Since 2002, Jones partnered with Alex Rhoten at Coldwell Banker Commericial Mountain West Real Estate. Jones was SAR’s Commercial REALTOR® of the Year in 2015. A celebration of life service is upcoming on Oct. 28. Read the full obituary.


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%!

October 2016 Education Calendar

UPCOMING EVENTS

There's still time...


FEATURED BENEFIT

Flood Insurance Toolkit

Oregon’s fall rains have definitely started. Fortunately, we don’t usually have flood issues in the extreme that other parts of the country frequently do, but it does happen from time to time. That’s where our FLOOD INSURANCE TOOLKIT can come in handy. We have documents, links, videos and other resources to help you help your clients navigate the ever-changing world of flood insurance, including a variety of FEMA information. You can access the Flood Insurance Toolkit on the OAR website under Resources/Forms & PublicationS.

Flood Insurance Toolkit

FEATURED SPONSORS

THANK YOU!

A special mention this month to the Willamette Valley Multiple Listing Service, who stepped up to the plate as an “Elite” sponsor of this year’s recently concluded OAR Convention in Sunriver. Attendees of our great convention will remember that they received an WVMLS lanyard with their delegate name badge at convention. It’s through the efforts of WVMLS and all of our other great sponsors throughout the year that we are able to put together first-class events like the Drive It HOME Golf Tournament, the Taste of Portland and the OAR Convention. Thank you to all of our sponsors for their continued generosity.

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