oar-2013-annual

2013 ANNUAL REPORT
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TA BL E O F C O NT E N TS
A LETTER FR OM THE P R ESI DENT
It has been an honor to be president of the Oklahoma Association of
Finally, it has been our privilege to collaborate with state and national
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A Letter from the President
REALTORS® in the year of the 100th anniversary of the REALTORS® Code
governments, our industry partners and the Oklahoma business
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About The Oklahoma Association of REALTORS®
of Ethics. This high standard of conduct has helped propel the real estate
community to do what is right to protect homeownership rights and to
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Quick Facts
industry to new heights, and our association has done great work to set
make sure all Oklahomans can aspire to that greatest American dream, a
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Four-Year Snapshot: 2010 vs. 2013
the stage for even better things to come.
home of their own.
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Timeline
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In the News
On Nov. 1, the new Broker Relationship Act created an even better
Please read on and take pride in what we have been able to
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In the Community
understanding for the public on how real estate transactions work in their
accomplish together.
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Where Things Stand
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A Letter from the CEO
best interest. Along with this, we have begun an overhaul of our real estate
education system that with its ongoing improvements will allow us to serve
our clients with a higher degree of knowledge and professionalism.
We are extremely proud the Oklahoma Association of REALTORS® is the
trusted source of information, especially for government and business
leaders and the general public to view real-time housing statistics from all
Joe Pryor, 2013 President
over the state.
Oklahoma Association of REALTORS®
> View real-time statistics at okrealtors.com.
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ABOUT THE OKLAHOMA ASSOCI ATION OF RE A LTORS ®
CONNECTING. INFORMING. UNITING.
Mission Statement
Member Benefits
OAR connects real estate
Ethics Information and Monitoring
professionals across the state
• OAR provides access to a comprehensive code of
Unified Advocacy
• OAR gives real estate professionals a forum for
participation in government affairs and a voice
in shaping the real estate policies of Oklahoma.
by providing comprehensive
ethics that guides all members. As all members
professional resources, maintaining
must adhere to these professional standards,
Consumer Information
the highest ethical standards and
OAR also provides a system for the resolution
• OAR gives real estate professionals up-to-date
giving REALTORS® a unified voice
of ethics questions or violations.
in shaping real estate property
laws and regulations in Oklahoma.
statistics and the benefit of unified marketing
campaigns that help REALTORS® access and
Extensive Networking
• No other association in the industry is as large or
as active in the state of Oklahoma.
Advanced Continuing Education
• OAR provides members with educational events,
courses
and
resources,
helping
members
maintain the highest standard of professionalism
and the latest tools for success.
serve clients.
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QUI C K F A C TS
43,254
FOUR -Y E A R S N A P S H OT
NORTHEAST
TOTAL HOMES SOLD IN 2013
1270
NORTHWEST
STATEWIDE 2013 AVERAGES
7209
$162,804
$
135
105
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SOUTHWEST
CENTRAL
SOUTH CENTRAL
Oklahoma counties represented
by OAR membership.
190
1866
85
22
396
$130,761
$172,177
$112,859
101
77
153
Scoops of ice cream served on
REALTOR® Day at the Capitol
KEY
STATEWIDE 2013 AVERAGE
REGIONAL 2013 AVERAGE
AVERAGE UNITS SOLD (K) AVERAGE SELLING PRICE
34,615
43,254
+25%
$136,713
+9%
107
+1%
SOUTHEAST
72
Local boards or associations
change
TOTAL HOMES SOLD
$127,596
8,376
Number of OAR members (as of Dec. 31, 2013)
2013
$163,172
63
99
OAR BY THE NUMBERS
%
2010
AVERAGE DAYS ON MARKET
$
$113,710
$125,331
AVERAGE SOLD PRICE
135
106
AVERAGE DAYS ON MARKET
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2013
OAR membership numbers 8,451. On Nov. 1, a
1978
new Broker Relationships Act goes into effect
Tulsa, Okla., REALTOR® Tom Grant, Jr. becomes
1957
that provides a single definition of a broker -
president of the National Association of REALTORS®.
replacing the multi-category definitions - in
which each licensee has the same duties and
The association recognizes its first REALTOR® of the
1988
Year - Bob Dwyer.
A MO M EN T ’S G L ANC E AT O A R ’ S MO N U ME NT AL H ISTO RY
responsibilities regardless of the transaction.
Jamie O’Neill becomes
Oklahoma’s first recipient
of the Distinguished
1969
1923
Association of
Association of REALTORS®.”
REALTORS®.
of the association.
1937
enactment of a “license law” to
govern real estate professionals.
Association membership reaches 12,800
1940s
The association begins the decade with 74 members, hires
before regressing due to the oil bust.
The Oklahoma Association of Real Estate Boards
receives its official charter from the National
Association of Real Estate Boards.
1960
The association hosts the inaugural
REALTOR® Institute (GRI) Course.
1990s
The association begins the decade with
The association’s membership
once again nears 10,000.
just over 7,100 members, creates the
its first full-time staff member and debuts its membership
REALTORS® Active in Politics program
newsletter, “The Oklahoma REALTOR®.”
1921
2005
1983
The association passes a resolution
calling for the development and
OklahomaRealtors.com debuts.
from the National
becomes the “Oklahoma
Oklahoma holds it first statewide meeting
1998
Service Award
The association officially
and hires its first full-time lobbyist.
1976
The association celebrates the nation’s bicentennial with a coordinated effort to plant more than 1.5 million
black walnut trees across Oklahoma in order to replenish the national tree supply. The initiative received first
prize in the National Association of REALTORS® “Make America Better” competition.
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I N THE NEWS
MEET THE NEW OAR
Our leadership is devoted to staying current in an ever-changing industry. To that end, we
developed a fresh, new look that represents our core mission to be the unified voice for real estate
professionals across the state. Modern and contemporary, the attention-grabbing colors and
crisp, clean font of our new mark symbolize our passion and vibrancy. Meanwhile, the interlocking
structures represent connectivity—the relationships REALTORS® have with the public and with each
other—while also representing the unity of an association that is more than 8,300 members strong.
We hope you like our new look as much as we do!
Oklahoma is proudly represented at the
Mortgage Interest Deduction and the mission
at the Embassy Suites Hotel and Conference
Midyear Legislative Meetings in D.C.
of the Federal Housing Authority.
Center in Norman, Okla.
In May, more than 8,000 REALTORS® from
Oklahoma REALTORS® visited all Oklahoma
“How lucky can someone be to work in real
across the country participated in the
Congressional and U.S. Senate offices for face-
estate for 38 years and still love it?” Pryor
National Association of REALTORS® Midyear
to-face meetings with each of our delegation
said. “I don’t know what to say, I can’t quit!”
Legislative Meetings in Washington D.C.
and their staff. Oklahoma is fortunate to have
The focus of the event is to bring members
positive, open dialogue with our congressional
together to take an active role in advancing
members.
the real estate industry, public policy and
the association.
Marolyn Pryor Named 2013 REALTOR® In 1977, Pryor left a career as a schoolteacher
to build her own start-up residential real
estate firm, Marolyn Pryor, REALTORS®, which
grew quickly. She merged her company with
of the Year
Coldwell Banker Select in 2008 to form the
are protecting private property rights and
Marolyn Pryor of Mustang was awarded the 2013
continues to work as a REALTOR®.
homeownership incentives. With the potential
Oklahoma REALTOR® of the Year in September.
for restructuring the U.S. Tax Code, this year’s
She was recognized at a ceremony as part of
hot topic on The Hill was preservation of the
the OAR Education Conference and Trade Show
Among recurring issues for the association
state’s largest real estate firm, where she
Pryor has served as Oklahoma City senior
vice president of The Prudential Properties
> story continues
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IN T HE N EWS ( C O N T INU E D)
> story continued
of Oklahoma, a trustee of Oklahoma Housing
Association of REALTORS® Life Member
Oklahoma Association of REALTORS® 2013
“This year’s conference theme was all about putting the ‘home’ in
Finance Agency, the Oklahoma City general
Award as well as the National Association
annual conference and trade show a success
Oklahoma,” said Joe Pryor, president of Oklahoma Association of
manager for Coldwell Banker Select and
of REALTORS® Outstanding Award for
president of OKC Metro Association of
REALTOR® Active in Politics. Pryor also served
REALTORS®. She is an OAR director and was
on the Governor’s Advisory Committee on the
an Oklahoma Housing Finance Agency trustee
through May 2013.
“She sets a great example for the real
estate profession and goes above
and beyond for her clients and the
Status of Women.
Pryor boasts a strong
family tradition in
real estate. Her son,
Oklahoma’s Broker Relationship Act and the
latest technology in real estate were among
the topics discussed at the 2013 Oklahoma
dream of homeownership.”
Featured speakers at this year’s conference included keynote speaker Pete
Conference and Trade Show Sept. 25 – 26
Winemiller, senior vice president of guest relations for the Oklahoma City
at the Embassy Suites Norman Hotel and
Thunder; Craig Grant, president of EasyRealtySites and The Real Estate
Conference Center in Norman, Okla.
Technology Institute; Nobu Hata, the National Association of REALTORS®’
REALTORS® from across Oklahoma came
the 2013 president of
together for the conference to see new
Previously, Pryor has been named the
the Oklahoma City
products and services that will enhance
Oklahoma City REALTOR® of the Year and
Metro Association their careers, as well as attend educational
one of the Top Ten Business Women in
of REALTORS®.
workshops ranging from apps for mobile
Oklahoma City. She has received the Oklahoma
network, learn and improve their ability to help Oklahomans realize the
Association of REALTORS® Education
Keith Taggart, was
community.”
REALTORS®. “Oklahoma REALTORS® attended the conference to
agents to property management.
director of digital engagement; and Bruce Aydt, senior vice president and
general counsel of Prudential Alliance, REALTORS®.
WHAT IS A REALTOR® ?
A REALTOR® is a real estate professional who is a
member of the National Association of REALTORS®
and subscribes to its strict Code of Ethics.
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IN T HE C OM M UN IT Y
OAR Bestows the 2013 Open Door Awards
Oklahoma Association of REALTORS®
congratulates Gini Fox, Sam Rader and Tom
Winslow, all from Tulsa, on receiving the
2013 Open Door Award. The annual award
honors three Oklahoma REALTORS® who
go above and beyond to fulfill the needs in
their communities. The Open Door Award is
designed to seek out and recognize the OAR
to enjoy a night of celebrating Christmas with
tournament has raised more than $200,000
Edmond REALTOR® named finalist for REALTOR® Magazine’s 2013 Good
Crenshaw spearheaded fundraising efforts to fund the construction of
healthy food, gifts from Santa and holiday lights.
for YoungLives. Sam and his wife, Barbara, have
Neighbor Awards
two new facilities and launched a daily transportation service.
Gini also developed a Youth Mentoring Program
been an integral part of increasing the number
for K-6th grade students in the area. This has
of mentors and volunteers.
REALTORS® are integral to successful communities, supporting causes
Crenshaw ultimately received an honorable mentions’ grant of $2,500
large and small and volunteering their time to help improve the lives of
for her community cause. She was recognized at the 2013 REALTORS®
those who call those communities home. The National Association of
Conference & Expo in San Francisco, Calif.
allowed parents in the area to maintain secure
employment, knowing that their children are
in a safe place. Gini also helped organize “Art
Tom Winslow has been volunteering for
Off the Square,” “Red Carpet,” “Taste of Kendall
the Wagoner Community Outreach, Inc. for
Whittier” and “Red Hot Night in KW.”
10 years. Wagoner Community Outreach
Neighbor Awards. This year, Susanne Crenshaw of Keller Williams of
provides meals, groceries, a medical clinic and
Central Oklahoma in Edmond, Okla., became the first Oklahoman to be
scholarships to low-income families. Tom was
named a finalist for this award in its 14 years of existence.
members who give unselfishly to improving the
Sam Rader
world around them through community service.
Sam Rader has been volunteering for
Gini Fox
Gini Fox has been volunteering for Kendall
Tom Winslow
YoungLives in Tulsa, OK for approximately 15
years. YoungLives is a ministry that is designed
to impact the lives of young teen moms.
one of the original members of the Board of
Directors and helped establish the direction
of Wagoner Community Outreach, Inc. Tom is
REALTORS® recognized 10 finalists for REALTOR® Magazine’s 2013 Good
For 19 years, Crenshaw has shaped and improved the futures of the
elderly and handicapped by providing daytime care and relieving the
Whittier, Inc. in Tulsa, OK for more than 10 years.
YoungLives mentors provide friendship and
the cook of the monthly meal that is given to
burden on caregivers. She is the former volunteer president of Daily
Gini started a Christmas event called “Lights On
advice to help meet the demands of raising a
families in the Wagoner community. In 2008,
Living Centers Inc., which is the largest adult day healthcare program
in Whittier Square” in 2002. This event allows the
child. Sam organized an annual golf tournament
Tom started a scholarship fund to help people
in Oklahoma, providing 934 participants with self-sufficiency, dignity
families of the Kendall Whittier neighborhood
with all proceeds going to YoungLives. This
go to trade school.
and hope and helping delay or prevent placement in nursing homes.
Left to Right: 2013 Open Door Award Recipients Gini Fox, Sam Rader and Tom Winslow.
Far Right: REALTOR® Magazine’s 2013 Good Neighbor Award finalist Susanne Crenshaw.
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A LETTER FR OM THE CEO
WHE RE T HI N G S ST AND
A summary of
policies, changes
and action items
that affect our
industry
2013 Successful State Issues:
Real Estate License Education Requirements:
• Passed measure assuring those testing for real estate licenses
Residential Condition Disclosure
• OAR believes that customers should be aware of accurate
property conditions during real estate transactions.
receive up-to-date education when taking the real estate
Abandoned and Neglected Property
licensing exam. This will ensure the licensees are current with
• Private property rights should be a top priority of those
new law when going into the real estate industry as licensees.
affected by abandoned and neglected property.
* Includes sales associate exam and broker exam
Broker Relationship Act
• Statutory reform allows real estate transactions to be more
transparent and consumer-friendly.
2014 Anticipated State Issues:
Partnerships
• OAR is creating more coalitions within the real estate
industry, such as home builders and appraisers, in order to
make the industry more efficient and consumer-friendly.
Oklahoma REALTORS®,
It’s a good time to be a REALTOR® in Oklahoma.
In so many locations across our state, home
values are increasing, and sales are trending
upward. It’s a great time to do what we do!
that greets new residents. As more and more
people and corporations recognize all of
the benefits to living in our great state, you
stand ready to welcome them with open
arms and help them settle into new homes.
We hope our new branding is as exciting
for you as it is for us - symbolic of our
Current Federal Issues:
But, more importantly, we are helping
commitment to staying current with trends
Tax Reform
dreams come true for homeowners and
in our industry. We’re behind you every step
• Congress must maintain current home ownership incentives
business owners across our great state.
of the way!
and programs such as Mortgage Interest Deduction; access
This is what drives us in supporting you at
to a 30-year mortgage and securing Federal Housing
OAR - from professional development to
Authority (FHA) loans, all of which encourage private
networking to ethics oversight.
property ownership and stimulate the economy.
Thank you for your enthusiasm! You are
Lisa Noon, CAE, RCE
often one of the first “faces of Oklahoma”
Oklahoma Association of REALTORS®
Lisa Noon speaking with Mike Ford, RPAC Trustee Fundraising
Chair for the National Association of REALTORS®.
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