REALTOR REVIEW December 2014 - Douglas County Association

DOUGLAS COUNTY ASSOCIATION OF REALTORS®
DOUGLAS COUNTY ASSOCIATION OF REALTORS
A Message from your President…
December 2014, already!
Merry Christmas everyone!
Support through your ORPAC contributions is the best dollars you can spend on
your behalf as realtors! A strong, vibrant housing market is critical to a strong,
vibrant economy. As one of Oregon’s largest trade associations, the Oregon
Association of Realtors provide the resources, education, advocacy and legal tools that allow realtors
to practice ethically, protect the private property rights of all Oregonians and help to ensure every citizen the opportunity for homeownership. In communities throughout Oregon, families are struggling to
achieve the dream of homeownership. Our goal should be to find a solution that brings housing back
within reach because not only is it good for the economy, it is good for families and communities as
well.
Days are short now and most everyone is adjusting to the time change with less daylight. Are you
currently feeling like you are in the dark? Come and share your bright shining faces, where things are
happening and EVEYONE IS HAVING FUN with positive attitudes and lots of smiles and laughter!
Get on a committee!
I continue to be impressed with our own DCAR Directors and Committee chair people. They are all
really working hard and volunteering their time to serve with smiles and great attitudes! Committees
will WELCOME your presents at any of their meetings with open arms. Don’t be shy, step forward,
volunteering your help and you will be “blessed” for doing so.
Life is so full of excitement and challenges. I believe we have all been experiencing this in our real
estate business. Become more involved in our organizations, government and spending quality time
with your family. I know with God’s help and a lot of hard work we can all become better realtors,
which will make us feel better about ourselves.
Every day is a NEW day, so make the most of it, with a happy attitude and a cheerful smile. The
only place you will ever find success before work…is in the dictionary.
Make family time your priority and “EVERYTHING” else will fall in place with success and happiness.
Wishing all of you a very Bless Christmas season with the joy of family, the gift of friends and the best
of success in this new upcoming 2015 New Year.
Lou Ann Osborn, 2014/15 President
Douglas County Association of Realtors
[email protected] or 541-863-5777
EVENT CALENDAR
Fridays Jan. 2, 9, 16, 23, 30
Exchange Club Meeting: Every Friday 8:30am
Friday, Jan. 16, 2015
Professional Standards Certification. RMLS/DCAR 9:00Am-12:00pm
Wed, Jan 21st
Education Class: Form Changes with Byron Hendricks . 12:30pm
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DOUGLAS COUNTY ASSOCIATION OF REALTORS
ORS 696.582 PROTECTS REAL ESATE PROFESSIONALS
By Dan G. McKinney
We occasionally receive an inquiry from a real estate agent with a concern
that the buyer and seller may be cooperating to eliminate the requirement that a commission be paid on the transaction. ORS 696.582 specifically gives to listing agents and
buyer’s brokers the right to submit to escrow a demand for commission where there is a
valid written and signed agreement for compensation. The demand will result in either
those funds being disbursed to the brokerage at closing or the obligation upon the escrow to
withhold that sum. Early listing agreements included a provision for a demand for commission to comply with the requirements of ORS 696.582. This section was amended to provide that the notice of demand required by ORS 696.582 may not be incorporated into any
agreement between the broker and the principal and, as such, the notice of demand must
be completed in a separate form to be submitted to escrow.
As I have indicated before, Oregon law provides no right to “lien” the property
or proceeds of sale to secure payment of a commission. Throughout the United States, the
closest the industry has to such a lien is ORS 696.582, and your legislative representatives
have done an excellent job empowering the real estate agents to insist on payment of the
commission or obligate the escrow to withhold that disbursement at closing.
Finally, it is important to note that ORS 696.582 does not give the selling
agents a right to submit a commission demand, only the listing brokerage. In the event the
escrow withholds the commission upon instruction of the parties, it will be necessary for real
estate agents to initiate legal action or binding Arbitration against the seller to compel payment of the commission. This should be done promptly to avoid the escrow interpleading
the funds into court and deducting their legal fees and costs. Those of you who are new to
this process, the statute itself provides the form of the demand to be submitted to escrow. If
you require assistance in preparing these forms or Arbitration or legal proceeding to collect
your commission do not hesitate to contact your attorneys at DC Law.
DC LAW
Dan McKinney
Johnson & McKinney, Inc.
435 SE Kane St.
Roseburg, Oregon 97470
541 673-4451 phone
541 673-1202 fax
Licensed in California and Oregon
[email protected]
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DOUGLAS COUNTY ASSOCIATION OF REALTORS
Page 3
The 12 Days of Safety This Holiday Season
Posted in Uncategorized, by Blog Contributor on December 15, 2014
Mortgage Cancellation Relief Passes Senate
The Senate passed mortgage debt cancellation relief as part of a large "tax-extender"
bill just before adjourning for the year, giving REALTORS® a hard-fought legislative
victory. The provision prohibits the IRS from taxing debt lenders forgive in a short sale,
foreclosure, or loan modification for the 2014 tax year. The House passed the provision last week, and President Obama is expected to sign it into law. The legislation
also includes one-year extensions of the 15-year depreciation schedule for leasehold
improvements and the deduction for improvements to energy efficient commercial
buildings. "We are grateful to Sens. Debbie Stabenow, D-Mich., and Dean Heller, RNev., and Reps. Tom Reed, R-N.Y., and Charlie Rangel, D-N.Y., for championing the
provision," NAR President Chris Polychron says in a statement. NAR also pressed
lawmakers to extend terrorism risk insurance, which is critical to commercial mortgage
finance, but that provision will have to be taken up in 2015 under the new Congress.
More on The Voice for Real Estate.
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DOUGLAS COUNTY ASSOCIATION OF REALTORS
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Linda Weldon
MACP 6246-011
Home Mortgage Consultant
Office :541-643-8228
Fax: 1-877-403-2497
Mobile: 541-643-8228
[email protected]
1701 NW Garden Valley Blvd.
Roseburg, OR 97471
Shirley Byrd-Solem/Century 21 The Neil Company
Rick Graham/Century 21 The Neil Company
Sandra Hart/Century 21 The Neil Company
Deborah Lochner/Century 21 The Neil Company
Rick Richtik/Century 21 The Neil Company
Valynn Currie/Currico Real Estate
Roger Helliwell/G. Stiles Realty
Cindy Tatone/Professional Realty
Carol Matson/Village Realty
L. Peter Krieg/All American Real Estate
Gordon Avery/Avery Homes
Carol Williams/Century 21 The Neil Company
Fred Earwood/Earwood Realty
Gary Peterson/Integrity Team Real Estate
Karen Volk/Karen Volk Realty
Jerry Chartier/Prudential Real Estate
Joe Hajos/Prudential Real Estate
Jeanne Meador/Prudential Real Estate
Ben Horlings/ReMax Professional Real Estate
Jim Osborn/Trueblood Real Estate
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Residential Sales Activity for the Last 90 Days
Douglas County, Oregon
Period Ending:
December 24, 2014
$0-99,000
Total Listed:
Total Sold
78
80
Minimum Sold Price:
Average Sold Price:
Median Sold Price:
Maximum Sold Price:
$2,500
$57,822
$62,500
$96,750
Total Active Units:
Units Sold/Months Back:
Months of Inventory:
120
26.7
4.5
Minimum Sold Price:
Average Sold Price:
Median Sold Price:
Maximum Sold Price:
$100,000
$147,754
$145,000
$198,600
Total Active Units:
Units Sold/Months Back:
Months of Inventory:
247
43
5.7
Minimum Sold Price:
Average Sold Price:
Median Sold Price:
Maximum Sold Price:
$200,000
$239,496
$230,000
$295,950
Total Active Units:
Units Sold/Months Back:
Months of Inventory:
152
19
8.0
Minimum Sold Price:
Average Sold Price:
Median Sold Price:
Maximum Sold Price:
$300,000
$331,490
$320,000
$392,000
Total Active Units:
Units Sold/Months Back:
Months of Inventory:
91
7.7
11.9
$100,000-199,000
Total Listed:
Total Sold:
152
129
$200,000-299,000
Total Listed:
Total Sold:
85
57
$300,000-399,000
Total Listed:
Total Sold:
33
23
$400,000-499,000
Total Listed:
11
Minimum Sold Price:
$400,000
Total Active Units:
35
Total Sold:
10
Average Sold Price:
Median Sold Price:
Maximum Sold Price:
$431,150
$424,500
$485,000
Units Sold/Months Back:
Months of Inventory:
3.3
10.5
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$500,000-599,000
Total Listed:
Total Sold:
6
5
Minimum Sold Price:
Average Sold Price:
Median Sold Price:
Maximum Sold Price:
$515,000
$552,600
$545,000
$590,000
Total Active Units:
Units Sold/Months Back:
Months of Inventory:
20
1.7
12.0
Total Active Units:
Units Sold/Months Back:
Months of Inventory:
20
Total Active Units:
Units Sold/Months Back:
Months of Inventory:
25
0.3
75.0
Total Active Units:
Units Sold/Months Back:
Months of Inventory:
12
0
0
$600,000-699,000
Total Listed:
Total Sold:
5
0
Minimum Sold Price:
Average Sold Price:
Median Sold Price:
Maximum Sold Price:
$700,000-999,000
Total Listed:
Total Sold:
3
1
Minimum Sold Price:
Average Sold Price:
Median Sold Price:
Maximum Sold Price:
6
0
Minimum Sold Price:
Average Sold Price:
Median Sold Price:
Maximum Sold Price:
$755,000
$755,000
$755,000
$755,000
$1,000,000+
Total Listed:
Total Sold:
APPRAISERS
Contact
Phone
Fax or Email
Applegate Appraisal Service
Todd M. Wilson
580-0978
[email protected]
Dozhier Appraisal Service
Kathryn Dozhier
672-6658
672-6659
Brett Findlay
459-6222
459-8222
Lisa Anne Real Estate Appraisal
Lisa
957-8900
677-8815
Lonnie R. Ferber R. E. Appraisals
Lonnie Ferber
673-7446
673-8711
Pamela Simleness
826-5654
[email protected]
Ron Card
673-7241
673-1540
Wentz & Co. Real Estate Appraisal
Glenn Wentz
672-2790
440-1436
Appraisal Specialists
Janel Phillips
430-7805
863-7649
Tony Page
440-4368
440-6021
Appraisal Source
Pamela S. Simleness R.E. Appraiser
R.L. Card Real Estate Appraisal
Douglas County Land Department
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Looking for a Contact Person, Check out our Affiliate Page
List8
(541)670-8344
The Douglas County Association of REALTORS® THANKS all of our Affiliates, that join us in support of what we stand for, which is Home Ownership,
Private Property Rights, Free Enterprise, Community Service and Good Government.
Advisory Committee Report
RMLS released some improvements to RMLSweb just before Thanksgiving. Subscribers
will be able to pull Agent and Client Unabbreviated reports which us the short definitions of the abbreviations of the
property features. These will require more room and pages to print.
Just and idea of what RMLS performed this year: 23,000 help calls, 3000 subscribers trained, 380,363 listings
audited by rules during the year.
There was not a quorum so no minutes were approved.
No RMLS SAC meeting in January – Friday, February 13, 2015 will be the next RMLS Service Advisory Committee meeting!
Thanks and glad to have served on this committee!
Mary Gilbert
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Things you need to know...
Page 9
Board Directs NAR to Draft Member Code of Excellence
November 10, 2014
As part of a wide-ranging set of recommendations to raise the bar on REALTOR® professionalism, the NAR
Board of Directors at its Nov. 10 meeting in New Orleans approved the drafting of a proposed aspirational
Code of Excellence to be brought to the board at a future meeting for approval. The goal is to raise the practice of real estate measurably through increased training in the competencies that consumers value. These
competencies include the stewardship of property listing data, privacy and security of consumer information,
advocacy of property rights, community involvement, and technology.
“This is the first step in a process for the continuing improvement of our profession,” said NAR President
Steve Brown.
The provision was passed after extensive debate on the floor of the meeting. Related provisions were also
passed. These include provisions that would do the following:



Change the frequency of NAR’s Code of Ethics educational requirement from every four years to every
two years, starting in 2016; add a biennial Code of Excellence education requirement; and mandate
continual updating of the training.
Help its members strive to be proficient in data content and have efficient access to the broadest range
of data available.
Develop an industry standard that would allow consumers to evaluate REALTORS® fairly and accurately.
Big RESPA Changes in 2015
On Sunday, Nov. 9, 2014 NAR members heard from RESPA attorney Phil Schulman about the Consumer Financial Protection Bureau's (CFPB) changes to the Real Estate Settlment Procedures Act (RESPA) and the
Truth in Lending Act (TILA) under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The new
rule combines the Good Faith Estimate with the Truth in Lending (TIL) disclosure now called the "loan estimate"
and the HUD-1 settlement statement with the final TIL, now called the "closing disclosure." Perhaps the greatest change is that the closing disclosure must be in the hands of the consumer three days before closing. Schulman also discussed new enforcement efforts under RESPA's anti-kickback provisions. CFPB is aggressively enforcing RESPA and people should be reminded that they cannot receive anything of value for the
referral of settlement services in residential transactions involving a mortgage. Furthermore, marketing agreements are under extra scrutiny as well.
Phil Schulman's PowerPoint
CFPB/HUD Target Marketing
On Sept. 30, 2014, the Consumer Financial Protection Bureau (CFPB) ordered Lighthouse Title, a Michigan title
insurance agency, to pay $200,000 for illegal referrals under the guise of marketing agreements under the Real
Estate Settlement Procedures Act (RESPA). Similarly and on the same day, HUD's Office of Inspector General
targeted Cornerstone Home Lending for similar issues. The cases follow on the heels of enforcement actions targeting disclosures and practices under the anti-kickback provisions of RESPA. Tying the value of marketing arrangements to the amount of referrals is a clear problem under RESPA. Likewise, requiring arrangements to be
exclusive also raises red flags with regulators. Finally, arrangements where marketing is not commensurate with
the amount of compensation will raise further concerns. NAR will continue to work to educate members about
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Affiliate Spotlight
The Douglas County Association of REALTORS® THANKS all of our Affiliates,
that join us in support of what we stand for, which is Home Ownership, Private
Property Rights, Free Enterprise, Community Service and
Good Government.
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Douglas County Association of REALTORS®
2015 Board of Directors
President ………………………LouAnn Osborn
President-Elect………………..Rich Raynor
Vice President…………………Kerry Jo Edwards
Secretary……………………….Deb Young
Treasurer…………………….…Teresa Gideon
Past President…………………Neil Hummel
Local Directors..………………Paul Haddock
……………………………………Carol Block
State Director……………...…..LouAnn Osborn
Alternate Director..……………Rich Raynor
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Committee Chairs
Political Affairs…………………………..… Linda Swift
Education/Program…………………………Tina Ronk
Public Relations…………………………….Kerry Jo Edwards
RPAC…………………………………………Diana Woodward
OAR/NAR………………………LouAnn Osborn/Rich Raynor
Membership…………….….…Rich Raynor/Kerry Jo Edwards
RMLS Advisory……………………………..Mark & Janet Hilton
Affiliates……………………………..………Jennifer McIntosh
Professional Standards .......……………..Stephanie Billick
Douglas County Association of REALTORS®
3510 NE Edenbower Blvd.
Roseburg, OR 97470
541-672-0563
541-957-0280 Fax
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