oar-2013-annual
Transcription
oar-2013-annual
2013 ANNUAL REPORT 4 5 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 5 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 7 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 8 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 9 Four-Year Snapshot: 2010 vs. 2013 the stage for even better things to come. home of their own. 10 Timeline 13 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 16 In the Community understanding for the public on how real estate transactions work in their accomplish together. 18 Where Things Stand 19 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. 6 7 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. 9 8 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 59 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 10 11 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. 12 13 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 14 15 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. 16 17 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. 18 19 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®. 9 8 07 N B R O A DW A Y | O K L A H O M A C I T Y, O K 7 3 1 1 4 | 4 0 5 . 8 4 8 . 9 9 4 4 | O K R E A LTO R S . C O M