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Rogue Valley Association of REALTORS ® & Southern Oregon Multiple Listing Service The Voice ofREAL ESTATE®in the Rogue Valley 629 Franquette Street, Medford OR 97501 541 770 7060 INSIDE THIS ISSUE Executive Report Assistance Contact Information Members on the Move Membership Count Education Corner July Trivia July Sudoku OAR Convention 'Stampede to Success' Where the Housing Stats Are SOMLS Grants Pass Office Party Flyer 2 3 4 4 6 6 7 8 10 14 July/August 201 3 J U L Y /A U G U S T 2 0 1 3 Ask the Help Desk: Stats with Rapattoni Fair Housing: Libby and the Cape of Visitability Summer Membership Mixer HBA / RVAR Golf Tournament Pics Jackson County June Stats Josephine County June Stats Our Affiliates Contact Information August Calendar Mission Statement 15 16 17 18 20 22 24 25 25 26 Notes From Your Executive Officer Tina Grimes Below is a summary of legislation supported by the Oregon Association of REALTORS® that successfully navigated through the legislative process: Happy July! I hope you all enjoyed your 4th of July holiday. I am giving my article space this month to an update from OAR on the activities of this past legislative session. This is hard evidence of why your investment in the REALTOR® PAC is an investment in your business!! The following was released recently from the Oregon Association of REALTORS® Public Policy department. Breaking News: 201 3 Oregon Legislative Session Adjourns On Monday, July 8, 201 3 at 2:48 pm, the Oregon State Senate and Oregon House of Representatives officially adjourned the 201 3 Legislative Session. This past session, more than 2,600 legislative proposals were introduced ranging from proposals to limit or eliminate the mortgage interest and property tax deductions to legislation that would mandate energy performance scores at the point of sale. In all, the Oregon Association of REALTORS® tracked more than 375 bills this session that would affect the real estate industry. 2 Access to Seller Financing: On June 4, 201 3, Governor Kitzhaber signed House Bill 2856-Enrolled into law, sponsored at the request of the Oregon Association of REALTORS®. As a result, individuals now have the ability to offer or negotiate up to 3 mortgages in a 1 2-month period on residential properties they own without having to obtain a mortgage loan originators license. Individuals must still comply with all consumer protectionlawsfoundinDoddFrank and the Truth in Lending Act and have a maximum of 8 loans that can be carried at one time. increasing the state’s scarce supply of usable industrial lands. Foreclosure Prevention: House Bill 3389-Enrolled, will prohibit a beneficiary from requiring a nonprofit purchaser in a short sale to sign an “arm’s length affidavit” promising not to sell or rent back to the original owner of the home. This was necessary to allow financial institutions to voluntarily participate in the state’s Loan Refinancing Assistance Pilot Project that is currently available in Crook, Deschutes, Jackson, Jefferson, and Josephine Counties. Regional Land Use Solutions: In the final Ways & Means hearing of the session, legislators allocated $1 1 6,000 through House Bill 5008 to support the Southern Oregon Regional Planning Pilot Program. Availability of Industrial Lands: This session, one of the primary Below is a summary of legislation focuses has been on job defeated by the Oregon Association creation and the need for of REALTORS® this session: available industrial lands to promote business development Mortgage Interest & Property inOregon.SenateBill246Tax Deductions: Early in EnrolledandSenateBill253session and in the waning Enrolled, which passed out of stages of the 201 3 Legislative both the Senate and the House Session, the Oregon House of with strong bi-partisan support, Representatives pursued are steps in the right direction to schemes to eliminate the creating shovel ready industrial mortgage interest and property sites within the State of Oregon. tax deductions (House Bill These bills will strengthen 2456-1 2, House Bill 3367-7) Oregon’s ability to attract new that were defeated by the businesses with the goal of J u l y/Au g u s t 2 0 1 3 R E C o n n e ct Oregon Association of REALTORS®. These important homeownership tools were protected as a result of your grassroots efforts and commitment. Elimination of Like-Kind (1 031 Exchanges): House Bill 3433 attempted to eliminate the tax benefits of like-kind ‘1 031 ’ exchanges, which would have resulted in a significant blow to the recovering market and deterred real estate investment in Oregon. EnergyPerformanceScores: House Bill 2793 would have required an owner of real property to obtain an energy performance score prior to the sale of the property and to disclose the results at the time of sale. On-SiteSepticInspections: House Bill 31 72 pursued by the Department of Environmental Quality (DEQ), would have required mandatory septic inspections at the point of sale for homeowners, placing yet another burden on sellers. Property Tax Discounts: House Bill 2480-1 attempted to give local counties the option to eliminate the property tax discount for homeowners that pay early. Contractor Licensing Exemption: House Bill 2524 would have required real estate licensees managing property to get a construction contractor’s license when performing routine maintenance. Seller Concession: House Bill 2527 would have modified the definition of consideration as it relates to the sale of real property to require the disclosure of concessions made and negotiated during the sale. Residential Real Estate Loan Tax: House Bill 331 9 would have imposed a tax on residential real estate loans when the loan amount exceeds the real market value of the real property. Residential Real Property Disclosure: House Bill 3299 would have required the seller of residential real property to disclose, if known, whether the property is located within one mile included in the inventory of significant mineral and aggregate resources pursuant to the statewide land use planning goals. I hope you not only enjoy this issue of the REConnect, but will take at least one thing away from it that will help you in your business. If you do, then we have succeeded. Inclusionary zoning: House Bill 2890 and Senate Bill 475 would Have a great month, have repealed provisions that Tina prevent local governments from imposing conditions on approved permits that effectively establish sales prices for residential development. Assistance Contact Information RVAR / SOMLS for education, events or membership RAPATTONI for MLS system questions SUPRA for Lockbox or Key questions ZIPFORMS for everything about Zipforms & OREF RPR regarding the use of REALTORS ® Property Resource (24/7) OAR Oregon Association of REALTORS ® www.oregonrealtors.org Real Estate Agency www.oregon.gov/REA/index.shtml WWW. S O M LS . C O M 541 -770-7060 866-730-71 1 4 877-699-6787 800-847-6298 877-977-7576 503-362-3645 503-378-41 70 3 Members®on the Move REALTORS New to SOMLS and RVAR John L. Scott, Ashland Britt Ivy Keller Williams Realty Laurie Starr KellerWilliams Realty, Grants Pass Sheri Jacob The Alba Group Jacob Ghena New Members An SOU graduate and native Southern Oregonian, Jacob Ghena bring 1 0 years of sales background to partner with his wife Leah at the Alba Group. Larry Vellozzi is currently a new commercial broker for Dougherty & Associates. Larry has worked with commercial, industrial and residential properties for more than 30 years. Windermere Van Vleet Dustin Hall Transfer Bob Reed - Coldwell Banker ProWest, Medford Diane Jaster - Dreamhouse Realty Irlene Rohlf - Rogue Appraisers Jim Zundel - Specialists Realty Services Richard Bauernfeind - Coldwell Banker Commercial NW Scott Lewis - John L. Scott, Ashland Inactive Barbara Webb - Barbara Web Real Estate Cynthia White - Gateway Real Estate Dewane Pinkerton - The Atlas Group James Myers - Realty Services Team Inc Kristene Lane - Coldwell Banker ProWest Kyle Ahrberg - Keller Williams Realty Nicky Bonacci - RE/Max Ideal Brokers, Grants Pass 4 New Affiliates Nita Shitara - Keller Williams Realty Rad Welles - Rad Welles Realty Envoy Mortgage 2587 Whittle Ave Susan Griffin-Breeder Windermere Van Vleet, Medford Medford, OR 97504 Torsten Hirche - The Atlas Group Umpqua Bank 220 E. 1 0 th St Medford, OR 97501 Current RVAR Membership Counts O 766 REALTOR® Members (722 Real Estate Licensees & 44 Appraisers) O 26 Affiliate firms and 1 20 Affiliates in those firms O 44 Appraisal Firms O 1 46 Real Estate Firms Our Thoughts and Prayers are with... The friends & family of Clyde Severson of Severson Real Estate at his passing. Peace be with him J u l y/Au g u s t 2 0 1 3 R E C o n n e ct WWW. S O M LS . C O M 5 Education Corner By Lance Carroll REALTORS Property Resource ® county data with the local multiple listing data. RPR® is a nationwide tax program that has information on over 1 47 million properties as well as the MLS data and pictures that go with them. Yet, that information is also provided to us on a more local level through our tax application REALIST. The past few weeks SOMLS trainers have been going to offices to train the brokers about the tools that they have at their disposal through the Multiple Listing Service. The trainers have talked about the tips and tricks when using Rapattoni and REALIST. But, the main tool that has a lot of REALTORS® excited is REALTORS Property Resource® or RPR®. While REALIST is a robust tax program that has some great features it can’t touch RPR® on two specific and important points: Reports: REALTORS Property Resource® collects loads of data on properties, neighbors and nearby communities to generate unique reports that are tailored to the type of client you are representing. These reports take all that information, graphs and charts and REALTORS Property Resource® is put them into a report that is a tool that was created by the conceptually better than what you National Association of can generate in Rapattoni and REALTORS® that combines the REALIST. July Trivia properties are the same. When you look at comps they usually compare apples to apples, but not all apples are the same. RPR® has a ‘Refine Value’ tool that allows the REALTOR® to apply any changes into the property and ultimately get a better idea of the value. For example, if the sellers have a new kitchen then you can input that information into the tool with the amount spent and then RPR® will give a new value to the property based on the changes made. REALTORS® Property Resource is a robust tool that takes some time to fully comprehend. If you have a minute here or there, then you should spend some time learning more about RPR. You can find more information about the house you grew up in or the first home you owned. The information at your finger tips is vast and wants to be used. Only two of the 'Founding Fathers' signed the Declaration of Independence on July 4th. Dog days begin in early July, when the hot sultry weather of summer usually starts On July 28th, 1 868 the 1 4th Amendment was ratified. The amendment addressed the privileges of citizenship and the rights of due process. One of the more annoying parts of summer are the mosquitoes, which have been around for 30 million years. It’s said they can find warm-blooded mammals from 1 00 feet away. July, on average, is the warmest month of the year for the Northern Hemisphere and the coldest month for the Southern Hemisphere. Watermelon is both a fruit and a vegetable. 6 Refine Value Tool: No two France’s Eiffel Tower can grow by more than 6 inches in summer due to the expansion of the iron on hot days. J u l y/Au g u s t 2 0 1 3 R E C o n n e ct Challenging Sudoku by PrintFreeSudokuPuzzles.com Difficult WWW. S O M LS . C O M 7 8 J u l y/Au g u s t 2 0 1 3 Travel Scholarships NOW Available: RVAR & SOMLS are offering travel scholarships to members inte R E C o n n e ct WWW. S O M LS . C O M 9 erested in getting involved in leadership who would like to attend the OAR State Convention in September Theimprovementofunderstanding is fortwoends: first, ourownincreaseof knowledge; secondly, toenableus todeliverthatknowledgetoothers. -John Locke We work in an industry where trust is one-sided. A client trusts a REALTOR® to help them find a suitable long term investment that will generate wealth or for the REALTOR® to sell their investment at a price that will maximize their return. In essence the client is paying the REALTOR® for his knowledge and understanding of the local real estate market. Yet, in today’s market the buyer and/or seller is full of knowledge that they gleaned from arm-chair economists on the news or the political sound bites that they heard. This knowledge that they have, even though might be accurate on a national or regional level, might not be fundamentally true for their situation and the REALTOR® needs to explain this to them. And like the quote from John Locke, the REALTOR® needs to understand before he/she can communicate this knowledge to their client. What we find today is that there is a plethora of accessible information out there that can be used to help you in the real estate industry. We have statistics from National and government organizations as well as local statistics that the MLS provides. This can also be accompanied by any statistics that you can generate through Rapattoni, REALIST or RPR®. 10 J u l y/Au g u s t 2 0 1 3 R E C o n n e ct National Association of Homebuilders www.nahb.org The National Association of Homebuilders publishes a few statistics that are great for the real estate industry. The nice thing about their statistics is that they look at the industry from the National level and then break them down to regions and then local municipalities. Like most stats, these show year on year change. Housing Affordability Metropolitan Area Prices www.realtor.org/topics/metropolitan-median-areaprices-and-affordability/data We can find out what the median sales price of a home for most of the metro areas in the US. Existing Home Sales www.realtor.org/topics/existing-home-sales/data This provides data on a national and regional level for the total homes sold and the median price for any given month. www.nahb.org/reference_list.aspx?sectionID=1 35 This statistic shows what percentage of homes is Pending Home Sales Index affordable to a family making a median income. www.realtor.org/topics/pending-home-sales/data NAR measures the change in real estate contract signings by month. This data can be used in Building Permits www.nahb.org/reference_list.aspx?sectionID=1 32 tandem with Existing Home Sales where that measure the completion of the contract. Shows the amount of building permits issued. The statistics are broken down by region, state and municipality and groups them by single family Housing Affordability Index and Qualifying Income and multifamily. www.realtor.org/topics/housing-affordabilityindex/data Housing Starts www.nahb.org/generic.aspx?sectionID=1 30&gen www.realtor.org/topics/metropolitan-median-areaprices-and-affordability/data ericContentID=45409 These statistics provide data down to the metro This statistic requires you being a subscriber to area. The Affordability Index breaks down how the National Association of Homebuilders, but much house an average income can afford based gives you accurate data on how many houses upon median sales price and median income for were started in your metro area. the area. Qualifying Income lists what income is needed to purchase a home based upon the National Association of REALTORS® median sales price. www.realtor.org The National Association of REALTORS® collects data from the local MLS and associations and compiles it for their own research. NAR has a lot of great statistics that are based on the national level. They do have a few stats that PSA e o come down to the metropolitan area. But, . I. J G Medford is not one the ones listed. h s i g n i w Kno WWW. S O M LS . C O M e h t alf … e l t b at 11 “Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real Theodore Roosevelt estate is the basis of wealth.”. Federal Housing Finance Agency fhfa.gov The Federal Housing Finance Agency was created in 2008 when the President signed into law the Housing and Economic Recovery Act of 2008. FHFA oversees the secondary mortgage markets - Fannie Mae, Freddie Mac and the Federal Home Loan Banks. Southern Oregon Multiple Listing www.somls.com SOMLS provides data for the REALTORS using our MLS database. We provide our subscribers two different sets of statistics. Home Sales in Josephine and Jackson County This 3-month rolling average calculates the total Home Price Indexes homes on the market, median price and the fhfa.gov/Default.aspx?Page=1 4 median days on the market. The data also This index shows the average price change in the compares those numbers with the previous year real estate market on single family properties. to show growth or contraction in the industry. They break down the indexes into National, State and Metro areas. United States Census Bureau Census.gov The US Census Bureau main goal is to provide reliable data about the economy and the nation’s people. Building Permits Survey www.census.gov/construction/bps/ The data is a collection from all the states for the issuance of permits for new privately owned housing units. The units range from single family to 5 units or more. New Residential Sales www.census.gov/construction/nrs/ This data breaks down the sales from a national level to the regional levels. The data also breaks down the numbers to the sales price of the new homes sold. 12 J u l y/Au g u s t 2 0 1 3 R E C o n n e ct Real Values: Market Trends in Jackson and Josephine Counties As you can see there is a lot of data out there that you can use to prepare for the future or to educate SOMLS has created stats for the residential your client. This data can be instrumental in areas in Jackson and Josephine Counties. The navigating the future of the industry. Knowing statistics take an end of the month snap shot for market trends (SOMLS Real Market Values) or various data sets that allows the subscribers to being aware of future inventory (building permits find a 6-month or 1 2-month trend. and housing starts) can be a huge benefit when dealing with your clients. The biggest benefit Rapattoni about knowing the data and statistics is that it can Rapattoni allows the brokers to create data for help separate you from the rest of the real estate their own statistics for a county, city, area or even agents. There are 31 8 brokers in Josephine farming area. You can do stats based upon County, 942 brokers in Jackson County and over residential, commercial, etc or a subset of them. 1 6,500 brokers in Oregon. Every advantage can Just create a search, hit preview count and then be a stepping stone to another sale. click the statistics button on top. REALIST and REALTORS Property Resource® These programs give basic statistics for the house your are looking at, the area code and the county. WWW. S O M LS . C O M 13 Travel Scholarships NOW Available: RVAR & SOMLS are offering travel scholarships to members interested in getting involved in leadership who would like to attend the NAR Convention in November 14 J u l y/Au g u s t 2 0 1 3 R E C o n n e ct Help Desk Statistics with Rapattoni Statistics and graphs are what people love to look at. They are an instant source of information that can confirm a belief (housing market is getting better) or validate a nagging feeling (the demand for a property is declining). Either way statistics are a great way to put forth lots of information that can be easy to read and quick to understand. Each month Southern Oregon Multiple Listing Service publishes statistics about the housing industry in Jackson and Josephine counties. These stats are a great source of general knowledge for the various areas in those counties. But, a lot of brokers spend a lot of energy and resources farming areas for listings. Rapattoni has some great tools that will allow an agent to create statistics for the area they are farming using the Rapattoni search tools. The search tools allow the REALTOR® to focus on the area or areas that they want to be an expert in. Once you create a search you can hit the statistics button to get the screen that will look similar to the picture on the right. This has basic information on how many sold, how fast they sold and the average sales price they got in relation to the listing price. At the bottom of the picture you will see a drop down menus asking for a statistical format. Pick the format you want and click on submit near the top. The next picture shows a ‘Market Statistics Report’ for East and West Medford. Under the title of the report shows the time and the area that I was searching in. This report has a lot of the same information that the SOMLS publishes each month, but it is a 1 month average instead of the three month rolling average. Finally, you can do the same ‘Market Statistics Report’ by using the various drawing search tools like polygon, radius and rectangle. These drawing tools allows the REALTOR® to focus on neighborhoods to narrow their statistics to target a house or set of houses. Rapattoni allows the REALTOR® access to a database of information that can help in their sales presentation, pricing or gathering information to predict the future course for an area that they are farming. WWW. S O M LS . C O M 15 Libby and the Cape of Visitability By Jo Becker, Education/Outreach Specialist, Fair Housing Council ‘RememberHarryPotterandhis invisibilitycloak? Well, here’s a fun bitoffairhousing news foryou! Nationalfairhousing speakerandattorneywith ForRentMedia Solutions has written a children’s book(e-book) thatexplores disability1 andaccessibilityfrom a child’s perspective. Anotherbookfor kids that’s sure to resonate with grownups as well! Checkitout–andsupporta greatcause –today! Libby, Aria and Benjamin have been best friends since they were babies. But now Aria has moved to a new house and Libby, who uses a wheelchair, doesn’t get invited to Aria’s birthday party because the house has barriers. Hurt feelings follow… Then the kids meet Everett, an adult wheelchair athlete, who tells them how the disability rights movement gained successes through years of public demonstrations and pressing for laws. Everett shows them a picture from the 70’s showing people with disabilities blocking inaccessible buses. The kids are inspired to their version of public action to achieve the goal that every new house would have a step-free entrance and wide bathroom doors. Learn how the kids get on the front page of their hometown paper, as their method gets them in trouble – and 16 how they achieve a sweet victory. "Libby and the Cape of Visitability" is the diary of Libby, a KWD (Kid with Disability). Written for children ages 8-1 3, this book raises awareness of the exclusion created when houses are not built with simple features that allow wheelchair users to visit or live in them. For those grownups (teachers, parents and others) that engage in meaningful dialogue with children, this book provides not only a captivating story and relatable characters, but a Reader's Guide with discussion questions and resources as well. Eleanor Smith is a well-known civil rights worker and Nadeen Green is a teacher, writer and blogger on the topic of fair housing. This e-book was made possible with the support of For Rent Media Solutions. Proceeds from For Rent's share of royalties are being donated to the Michigan Habitat for Humanity (which builds visitable houses)! This article brought to you by the Fair Housing Council; a nonprofit serving the state of Oregon and SW Washington. All rights reserved © 201 3. Write [email protected] to reprint articles or inquire about ongoing content for your own publication. To learn more… Learn more about fair housing and / or sign up for our free, periodic newsletter at www.FHCO.org. Qs about this article? ‘Interested in articles for your company or trade association? Contact Jo Becker at [email protected] or 800/424-3247 Ext. 1 50 Want to schedule an in-office fair housing training program or speaker for corporate or association functions? Visit www.FHCO.org/pdfs/classlist.pdf J u l y/Au g u s t 2 0 1 3 R E C o n n e ct WWW. S O M LS . C O M 17 HBAJC & RVAR Golf Tournament Jackson County 20 J u l y/Au g u s t 2 0 1 3 R E C o n n e ct WWW. S O M LS . C O M 21 Josephine County 22 J u l y/Au g u s t 2 0 1 3 R E C o n n e ct WWW. S O M LS . C O M 23 Our Affiliates AAA Oregon / Idaho 1 777 E. Bartlett Rd Medford, OR 97504 541 -779- 71 70 [email protected] IMortgage 3389 Crater Lake Hwy Medford, OR 97504 541 -646-3020 [email protected] Rogue Federal Credit Union P.O. Box 4550 Medford, OR 97501 541 -858-7330 [email protected] American Family Insurance - Zach Bartlett Agency 663 A St Ashland, OR 97520 541 -488-0301 [email protected] Mission Hills Mortgage 830 Alder Creek Dr., Suite B Medford, OR 97504 541 -773-1 853 [email protected] South Valley Bank & Trust 891 O'Hare Parkway Medford, OR 97504 541 -951 -9948 [email protected] Mortgage Express, LLC 1 N. Holly St. Medford, OR 97501 541 -245-4521 Sterling Savings Home Loan Div. 91 0 Town Centre Dr. Medford, OR 97504 541 -608-1 801 [email protected] AmeriTitle 1 501 E. McAndrews Rd Medford, OR 97504 541 -779-7660 346 E. Main St. Ashland, OR 97520 541 -488-0778 Bank of America 2305 Ashland St Ashland, OR 97520 541 -944-6987 [email protected] Envoy Mortgage 2587 Whittle Ave Medford, OR 97504 541 -772-9900 [email protected] Evergreen Federal Bank 501 Crater Lake Ave Medford, OR 97501 541 -779-1 1 65 [email protected] Evergreen Home Loans 3200 Hillcrest Park Dr Medford, OR 97504 541 -779-6591 [email protected] Move2Oregon.com 3350 1 /2 W. Main St Medford, OR 97501 541 -773-5744 [email protected] North Pacific Financial Corp 1 322 E. McAndrews Rd., Ste 201 Medford, OR 97504 541 -770-2727 [email protected] Umpqua Bank, Medford 4000 S. Pacific Hwy Medford, OR 97501 541 -61 8-6730 [email protected] Pacific Residential Mortgage 502 W. Main St., Ste 1 03 Medford, OR 97501 541 -773-31 31 [email protected] Valley Mortgage Group 609 E Jackson St Medford, OR 97504 541 -842-5606 [email protected] Par Mortgage Inc 33 N. 1 st St Ashland, OR 97520 541 -482-5886 [email protected] Washington Federal 1 590 Delta Waters Rd., #1 1 6 Medford, OR 97504 541 -858-01 84 [email protected] Payne West Insurance 38 N. Central Ave #1 00 Medford, OR 97501 541 -482-5886 Wells Fargo Home Mortgage 81 4 E Jackson St., Ste C Medford, OR 97504 541 -779-1 545 [email protected] First American Title 1 225 Crater Lake Ave, Ste 1 01 Medford, OR 97504 541 -779-7250 People's Bank of Commerce 750 Biddle Rd Medford, OR 97504 541 -61 8-3320 Home Builders Association 1 1 06 E. Jackson Medford, OR 97504 541 -773-2872 [email protected] Premier West Mortgage 1 455 E. McAndrews Rd Medford, OR 97504 541 -944-6987 [email protected] 24 Ticor Title 1 555 E. McAndrews Rd., Ste 1 01 Medford, OR 97504 541 -779-281 1 J u l y/Au g u s t 2 0 1 3 R E C o n n e ct Leadership RVAR President SOMLS President SOMLS Treasurer RVAR President Elect SOMLS President Elect SOMLS Past President RVAR Past President SOMLS Vice President Don Livingood [email protected] Barbara Brown [email protected] Andrea Mobley [email protected] Calendar M on d ay Adam Bogle [email protected] David Wright [email protected] John Zupan [email protected] Pam Lorange [email protected] Rick Harris [email protected] Check websites for times and locations Tu esd ay Wed n esd ay Th u rsd ay Fri d ay SOMLS / RVAR Staff Executive Officer Grants Pass Office Adminstrator Technology Officer Nancy Pipitone Loran Hughes [email protected] [email protected] Executive Assistant Jamie Patterson [email protected] Member & MLS Services Kim Robinson [email protected] Tina Grimes [email protected] WWW. S O M LS . C O M Education Coordinator Lance Carroll [email protected] 25 Rogue Valley Association of REALTORS ® and Southern Oregon Multiple Listing Service 629 Franquette St. Medford Or, 97501 Phone: 541 770 7060 Fax: 541 770 71 1 1 The Voice ofREAL ESTATE®in the Rogue Valley website: www.somls.com Mission Statement The Rogue Valley Association of REALTORS ® (RVAR) protects and promotes the business interests of its membership through: development and delivery of programs, products and services designed to elevate members’ competence, professionalism and ethical standards; preserving the right to own, transfer and reasonably use real property; and enhancing the image of our members in the communities served. The Southern Oregon Multiple Listing Service provides timely, accurate data and innovative tools that assist REALTORS ® in delivering trusted, high quality services to real estate consumers. © 201 3 Rogue Valley Association of REALTORS®, Inc.
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