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CCAR NewsCCAR Closed for Labor Day - 9/3 WCR Octoberfest Party! - Save the Date 10/19/2007
EducationEducation Feature Class MCE: Commercial Real Estate Summit 2007 - Greater Fort Worth Association of REALTORS® - Sept. 26-27
Republic Title has several convenient locations to serve you better. Our Commercial division is centrally located in downtown Dallas and Fort Worth, and our Residential Division has many offices within the core of the Dallas, North Dallas, Richardson, Plano, Frisco, Denton and Fort Worth areas. Top
CCAR Closed for Labor Day - 9/3CCAR is closed Monday, 9/3 and will reopen 9:00 a.m. on 9/4. There will NOT be an MLS meeting on 9/4.
History of Labor DayLabor Day is truly a global holiday, or as it is known internationally May Day. The roots of Labor Day stretch back to the 1810’s and what was known as the eight hour day movement. Robert Owen, as early as 1817 had formulated the goal of the eight-hour day and coined the slogan Eight hours labor, Eight hours recreation, Eight hours rest. In the new founded Wellington colony in 1840, the carpenter Samuel Parnell refused to work more than eight hours a day. This movement also began in Australia, when the Stonemasons stopped working and proceeded to march on Parliament from the University of Melbourne, to achieve an eight hour work day. This movement eventually found its way to Canada as well, and Labor Day in Canada as well as the United States can be attributed directly to the efforts of the Knights of Labor. The Knights of Labor was labor union founded in secrecy in December 1869, by a group of Philadelphia tailors led by Uriah S. Stephens. Originally called 'The Noble and Holy Order of the Knights of Labor', it was designed to protect all who worked for a living. They organized a parade by on September 5, 1882 in New York City which became an annual parade when it was organized a second time in 1884. The International Workingmen's Association, many of whom were socialists or anarchists, favored a May 1 holiday. With the event of Chicago's Haymarket riots in early May of 1886, president Grover Cleveland believed that a May 1 holiday could become an opportunity to commemorate the riots. Thus, fearing that it might strengthen the socialist movement, he quickly moved in 1887 to support the position of the Knights of Labor and their date for Labor Day.Since then, Labor Day has been celebrated on the first Monday in September in the United States since the 1880s. The September date has remained unchanged, even though the government was encouraged to adopt May 1 as Labor Day, the date celebrated by the majority of the world. Enjoy your leisure time and enjoy your family members, have a happy labor day from everyone.Top
DON’T MISS OUT ON THESE GREAT DESIGNATION COURSES COMING TO CCAR THIS FALL!
PMN (Performance Management Network) & ABR (Accredited Buyer’s Representative) Designation Class “Effective Negotiations” - This course will teach you to differentiate between the main negotiating practices; List specific steps in the Positional Bargaining & Value Negotiating processes; Select the appropriate negotiating practices based on specific negotiating circumstances; Apply processes of positional bargaining & value negotiating during role playing activities and case scenarios; Identify factors that could lead to impasse and overcome barriers in negotiation. Hosted by CCAR and WCR Collin County and Dallas Metro East Chapters. Receive both PMN and ABR credit. Upcoming Class: Wednesday, September 12th, from 8:30am – 5:00pm. Cost: $99. MCE 7 hours (no legal). Instructor: Pat Strong
CRS 201 “Listing Strategies” – The quality of your listing skills can give you a strong competitive edge. Only those professionals who learn proven listing strategies will win over the client and increase their conversion rate. This course provides you with important skills necessary to conduct successful listing presentations, price a home to sell, close the transaction, and market and promote effectively. The course takes you through an actual listing presentation that helps you understand the key steps in the process and create a system for success. Course Content: Conducting an effective listing presentation; Seller guidance and counseling; Pricing a home to sell; Closing techniques; Marketing plans and servicing systems; Seller’s needs and motivations; Upcoming Class: Thursday/Friday, October 4th & 5th, 2007 from 8:00am – 5:00pm both days. MCE 12 hours (no legal) Cost: $275 if registered by Sept. 21, 2007 and $325 after that date. Instructor: Rick SandsTop
Fulfill Your 15 Hours of MCE Credit with the Society of Commercial REALTORS®. Commercial Real Estate Summit 2007; Sept. 26-27 • GFWAR Auditorium (2650 Parkview Drive in Fort Worth); 8 a.m. to 5 p.m. – Sept. 26 • 8 a.m. to 2:15 p.m. – Sept. 27 - Worth 15 hours of MCE credit, which includes legal and ethics. Does not include SAE/Core credit. Schedule of Speakers:
Wednesday, Sept. 26
8 a.m. – 8:30 a.m.
Breakfast / check-in
8:30 a.m. – 8:40 a.m.
Welcome – Gary Maler, Real Estate Center at Texas A&M
8:40 a.m. – 9:30 a.m.
Water Issues – Bill Meadows, Texas Water Development Board
9:30 a.m. – 10:45 a.m.
Legal Update, Part 1 – Ron Walker, attorney
10:45 a.m. – 11 a.m.
BREAK
11 a.m. – 12:15 p.m.
Legal Update, Part 2 – Ron Walker, attorney
12:30 p.m. – 1:20 p.m.
Lunch Speaker: Don Scott “Liabilities to Assets – Lessons Learned at Fort Worth South”
1:20 p.m. – 1:35 p.m.
1:35 p.m. – 2:25 p.m.
The Texas Economy Today – Mark Dotzour, Ph.D., Real Estate Center at Texas A&M
2:25 p.m. – 3:15 p.m.
Texas Demographics – Steve Murdock, Demography and Organization Studies, the University of Texas at San Antonio
3:15 p.m. – 3:30 p.m.
3:30 p.m. – 4:20 p.m.
Update on Glorypark – Stewart Kirkham, Steiner & Associates
4:20 p.m. – 5:10 p.m.
Impact Fees – James Gaines, Ph.D., Real Estate Center at Texas A&M
Thursday, Sept. 27
8:30 a.m. – 9:20 a.m.
Update on the Trinity River Vision Project – J.D. Granger, Trinity River Vision Authority and Adelaide Leavens, Streams and Valleys
9:20 a.m. – 10:35 a.m.
Ethics, Part 1 – Charles Kramer, Hunter and Kramer, PC, Dallas
10:35 a.m. – 10:50 a.m.
10:50 a.m. – 12:05 a.m.
Ethics, Part 2 – Charles Kramer, Hunter and Kramer, PC, Dallas
12:20 p.m. – 1:10 p.m.
Update on the Edwards Ranch Development – Scott Walker and Isaac Manning
1:10 p.m. – 1:25 p.m.
1:25 p.m. – 2:15 p.m.
Oil and Gas Panel – Moderator: Judon Fambrough, Real Estate Center at Texas A&M Panelists: Ken Adair, attorney; Medferd Owen, attorney; Larry Townsend, Rattikin Title Company
A box lunch will be provided both days of the seminar. Cost: SCR members: $175 before Sept 17 and $205 thereafter Non-SCR members: $200 before Sept. 17 and $230 thereafter To Register: SCR is NOT taking the registrations. Please visit http://www.recenter.tamu.edu/register/ and scroll down to “Commercial Real Estate Summit 2007” to register.
Society of Commercial REALTORS®2650 Parkview Drive • Fort Worth, TX 76102817-336-5165; 817-870-2863 (fax)http://www.scr-fw.org/Top
Events included B-B-Q dinner, live and silent auctions, live rodeo action and an honest to goodness ‘Calf Dressin’ Contest’ between the seven associations and TAR. Honorary Event Chair - Texas Commissioner of Agriculture, Todd Staples, gave a personal testimony as to what TREPAC funds and REALTOR® grassroots involvement has meant to his political career!
This is the second year that CCAR has participated in this event. Our local advertisers making the event possible were Keller Williams Realty and Perma-Pier Foundation Repair Company. A bus was provided by Tucker Hill, A Southern Land Co. Company. Many of our very special elected officials contributed auction items.
Oh, and by the way, our very own ‘Calf Dressin’ Team’ (Rebecca Ray, Toby Lovett, Marcia Wilkicki, Coyle Beard and Doug Smith) came in a VERY close second place. Too bad there were no replay cameras!
We are already looking forward to next year’s event. Hope to see you there!Top
CCAR Committee Meetings monthly calendar of committee meetings located at CCAR.8/28 - Tuesday, 9:45 a.m. Membership Development 8/30 - Thursday, 9:00 a.m. Board of Directors Meeting9/6 - Thursday, 10:00 a.m. Education Committee9/10 - Monday, 11:30 a.m. 2008 Allen Networking Organizational Mtg.9/11 - Tuesday, 9:45 a.m. Gov't Affairs Committee9/11 - Tuesday, 9:45 a.m. REALTOR/Lender Meeting9/17 - Monday, 11:30 a.m. Housing Opportunity Meeting9/18 - Tuesday, 9:45 a.m. Affiliate Committee9/18 - Tuesday, 9:45 a.m. MLS Committee9/21 - Friday, 12:00 p.m. B & F and Executive Committee9/25 - Tuesday, 9:45 a.m. Membership Development Committee9/27 - Thursday, 9:00 a.m. Board of Directors Meeting9/27 - Thursday, 11:30 a.m. Broker/Manager MeetingTop
NTREIS RULES AND REGULATIONS WEEKLY REVIEW
SECTION 8 – SELLING PROCEDURES
If you have any questions regarding this Rule, please feel free to contact Judy Kresich, MLS Quality Control at 972-618-3800 EXT. 216Top
Expand your mind, expand your business, and have tons of fun in Galveston Register now for the 2007 Texas REALTORS® Convention and Trade Expo!
This year’s Texas REALTORS® Convention sets up shop September 7-11 in Galveston. As always, the convention and trade expo gives you countless opportunities to renew old friendships and make new ones with fellow REALTORS® from across the state, listen to some of the most dynamic speakers in the country, pick up a few MCE credits while learning the latest industry trends, attend a party or two (or more), and check out the fantastic vendors at the trade expo.
This year’s event and location present the perfect combination to mix business with pleasure. The 32-mile-long island—only a short drive from Houston—boasts sun-splashed beaches, great restaurants, and a unique history. Enjoy all that Galveston has to offer—and there’s plenty—but don’t forget why you came to the coast in the first place.
Educational opportunities abound this year. During the first two days of convention, you have the opportunity to become a Certified Affordable Housing Specialist. This new 12-hour certification combines various MCE courses that equip Texas REALTORS® with the knowledge you need to increase the rate of homeownership and ownership retention in Texas. Later, hear from renowned speaker Rick DeLuca, who will show you how to work more efficiently and increase your sales volume at the same time. Join Mark Porter for technology tips that will make your life easier and more productive in real estate. These are just a few of the many educational offerings of this year’s convention.
The special events at the convention make the event memorable to many. Sunday, September 9, is REALTORS® Night Out, during which you will have the chance to visit the celebrated 1877 tall ship Elissa during a visit to Galveston’s historic waterfront. Add some great food, networking, and some shopping along Galveston’s famous Strand, and you have the perfect evening. Many of Galveston’s well-known restaurants will be open for dessert or an after-dinner cocktail.
All in all, the 2007 Texas REALTORS® Convention and Trade Expo offers you an experience you won’t soon forget. The August 8 housing deadline is fast approaching, and rooms are going fast, so make your reservations now. To register online, visit http://www.texasrealtors.com/.
Mike Barnett is the North Texas Field Representative for the Texas Association of REALTORS®. He can be reached at mbarnett@TexasRealtors.com or (512) 971-8338.Top
You and your members should be aware of two recent legal issues: new seller's disclosure requirements and progress on MLS data disclosure.
New seller's disclosure requirementsAn important article in the August Texas REALTOR® magazine, "No smoke and mirrors—just a new disclosure notice," contains information that members need to know regarding disclosure and installation of smoke-detection equipment in certain homes. You can **read the article online at TexasRealtors.com. Also, answers to common questions on the revised seller's disclosure requirements as well as the new smoke-detector requirements for homes in Texas have been added to the Legal FAQs section of TexasRealtor.com (TexasRealtors.com login required). Feel free to use both resources to inform your members of the changes in law.
**No smoke and mirrors—just a new disclosure Notice
New requirements take effect September 1. The Texas Legislature has imposed new fire-safety requirements on owners, sellers, and landlords of residential real property that you and your clients need to be aware of to comply with the law. The requirements affect the information sellers must disclose as well as steps sellers might be required to take. The new language also places a duty on a landlord of property that is a one- or two-family dwelling unit. The new law, enacted as House Bill 2118, takes effect Sept. 1, 2007.Under the new law, a seller of a single-family residence will now be required to disclose information regarding the presence of fire-detection and safety devices in the residence. The items that must be disclosed include smoke detectors, hearing-impaired smoke detectors, carbon monoxide detectors, and emergency escape ladders. These changes have already been made to the Texas Association of REALTORS® Seller’s Disclosure Notice (TAR 1406).
While the fire-safety information is not required to be given until September 1, it is recommended sellers begin using the new notice form immediately to avoid having to update the notice if the listing does not go under contract before September 1.
House Bill 2118 also sets out new fire-safety requirements for sellers of one- and two-family dwellings. Under the new law, a purchaser under a written contract for the sale of a one- or two-family dwelling may require the seller to install smoke detectors equipped for hearing-impaired persons prior to the closing date of the sale of the home. In order to impose this requirement on the seller, the purchaser must satisfy two requirements. First, the purchaser must provide to the seller written proof signed by a licensed physician of the hearing-impairment of the purchaser or a member of the purchaser’s family who will reside in the residence. Second, not later than the 10th day after the effective date of the contract, the purchaser must request, in writing, installation of the hearing-impaired smoke detectors by the seller. The law authorizes the seller and buyer to agree which party will bear the cost of the smoke detectors and which brand will be installed. If a seller fails to install the smoke detectors as required, the purchaser may terminate the contract.
Smoke detectors required
The legislation also imposes smoke-detector require-ments on certain dwellings. The change in law requires all owners of one- and two-family dwellings constructed in Texas to have working smoke detectors installed in accordance with the requirements of the building code in effect in the area in which the dwelling is located. This requirement extends to a landlord of a one- or two-family dwelling unit and satisfies the requirements of the current smoke-detector laws applicable to landlords.
Lastly, the change in the law requires that a permit issued for a home improvement include the installation of smoke detectors in accordance with the local building code if the dwelling for which the permit will be issued does not comply. If you are asked by a client for the local building code requirements, you should direct the client to contact local building officials in your area for more information.
Reducing risk does not pertain only to your business practices. Protecting properties from fires is an important aspect of homeownership and leasing, and complying with the new disclosure requirements will help keep more Texans safe in their homes.
Lori Levy is associate counsel for the Texas Association of REALTORS®.Top
1506 – General Information and Notice to a Buyer
1916 – Addendum for Property Located Seaward of the Gulf Intracoastal Waterway
1918 – Short Sale Addendum
1927 – Addendum to New Home Contract Containing Required Notices under 27.007, 420.001 and 420.002, Property Code
2301 – Independent Contractor Agreement for Sales Associate
2302 – Statement of Understanding
2506 – Inspector Information
A task force of the Risk Reduction Committee recommended that TAR adopt the revisions and new forms. Drafts of the proposed forms were previously sent to the local associations requesting comments. Please thank your members for their comments.
The form-fill vendors should update their libraries in the next 30 to 45 days. The forms are available on TAR’s Web site.
Form 1927 is being adopted without comment as it is required by a bill that passed this session (HB 1038, which amended many sections of the Property Code that concern builders). We believe that the text of Form 1927 will eventually be included in the text of the new-home forms and the new-condominium forms. However, due to the need to publish this notice immediately, TAR is creating Form 1927 as a separate notice that should be attached to the new-home contracts and new-condominium contracts. In order to trigger appropriate use of the form, the form will appear in the file of the new-home contract forms and the new-condominium contract forms as the last page.
Form 1916 was revised without comment because of a bill that revised that notice (HB 2819). The existing notice concerning properties located seaward of the Intracoastal Waterway was promulgated by TREC. However, it does not appear as though TREC will be able to adopt a revised form prior to the effective date of the bill. Therefore, TAR is temporarily replacing the TREC version of Form 1916 with the revised version. We will eventually use the TREC version of this form after TREC revises its form.Top
