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Friday, February 26, 2010

Fw: Weekly Information from NAR for 02/24/2010

John Rose
561-414-0012


Sent from my Verizon Wireless BlackBerry


Date: Thu, 25 Feb 2010 23:47:01 -0600
To: <john@johnjrose.com>
Subject: Weekly Information from NAR for 02/24/2010

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NAR Weekly Newsletter for  2/24/2010

This week's e-mail update from NAR contains information from topics you selected. To access the topics, click on the links below.

 
ABOUT NAR
Why Volunteer with a REALTOR® Association?
Member Pat Pipkin from New Mexico, Chairman of the NAR Leadership Academy Advisory Board says its well worth your time in networking and new resource opportunities. Read what she has gained from her experience including her time as the Chairman of the NAR Leadership Academy. There is still time to submit an application for the 2011 graduating class, the deadline is March 31. Read more...
http://leadershiplab.blogs.realtor.org/2010/02/18/volunteer-for-a-more-fulfilling-career/#more-224?&WT.mc_id=LS022410&CAT=About

APPRAISAL ISSUES
How Lenders Work Within New FHA Appraisal Rules
The Federal Housing Administration (FHA) implemented new appraisal rules yesterday.  Mortgagee Letter 2009-28 focuses on appraiser independence and Mortgagee Letter 2009-51 focuses on the Appraisal Update and/or Completion Report. Read more...
http://appraisalinsight.blogs.realtor.org/2010/02/16/how-lenders-work-within-new-fha-appraisal-rules/?&WT.mc_id=LS022410&CAT=App

BUYER REPRESENTATION ISSUES
NAR's Right Tools, Right Now - Buy-One-Get-One Free Print Shop Materials for REBAC Members
For a limited time, NAR's Right Tools, Right Now program will double the ordered quantity of REBAC Print Shop items. Choose from numerous campaign themes and add customized components, including contact information, logos and professional photos to top-quality promotional materials. Read more...
http://www.realtor.org/narlservredirect.nsf/pages/NT000015D6?OpenDocument&WT.mc_id=LS022410&CAT=Buyer

COMMERCIAL ISSUES
Bailout Watchdog Warns about Commercial RE
Until Treasury and bank supervisors take coordinated action and are forthright and transparent, the state of the commercial markets -- and the potential impact that a breakdown in those markets could have on local communities, small businesses, and individuals -- the financial crisis will not end -- that's Elizabeth Warren's message. Read more...
http://www.realtor.org/narlservredirect.nsf/pages/NT000015DA?OpenDocument&WT.mc_id=LS022410&CAT=Comm

Stimulus Helping Construction
According to Ken Simonson, chief economist for the Associated General Contractors of America, "one reason for a boost in construction is the stimulus plan. It's one of the very few bright spots the construction industry experienced last year and is one of the few hopes keeping it going in 2010." New federal reports show that $20.6 billion dollars worth of stimulus highway projects were initiated over the past 12 months, which saved or created nearly 280,000 construction jobs--or 15,000 jobs per billion dollars invested. Read more...
http://www.realtor.org/narlservredirect.nsf/pages/NT000015DE?OpenDocument&WT.mc_id=LS022410&CAT=Comm

Senate - Administration Near Agreement on Financial Regulation
The plan in the works call for forming a council of regulators, led by the Treasury secretary, to identify systemic risk to the nation's financial system. The issue is one of the most fundamental in the contentious effort to overhaul regulation after the financial crisis, and addresses one of the primary lessons of the near debacle: that no one had been assigned to ensure the stability of the system as a whole and detect the kinds of excessive risk-taking and imbalances that could rock an entire economy. Read more...
http://www.realtor.org/narlservredirect.nsf/pages/NT000015E2?OpenDocument&WT.mc_id=LS022410&CAT=Comm

EDUCATION ISSUES
Right Tools, Right Now - Short Sales and Foreclosure Certification (SFR) Application Fee Waived
Thanks to Right Tools, Right Now, the $175 application fee to become SFR certified has been waived through March 31, 2010. Act now to become SFR certified and be the short sales and foreclosure resource in your market! Visit www.REALTOR.org/RightTools for details. Read more...
http://www.realtor.org/prodser.nsf/RightTools/EducationalToolsPublications?OpenDocument&wt.mc_id=RT1104&WT.mc_id=LS022410&CAT=Educ

Sign up for NAR's Green Designation Core or Commercial Elective courses at 2010 Midyear Legislative Meetings
Attending the 2010 Midyear Legislative Meetings in Washington, DC, May 10-15? Sign up for NAR's Green Designation Core or Commercial Elective course and start earning your education today! Registration for the courses are available on-line! Read more...
http://www.realtor.org/narlservredirect.nsf/pages/NT000015E6?OpenDocument&WT.mc_id=LS022410&CAT=Educ

INTERNATIONAL ISSUES
Have a real estate project you're proud of?
Celebrate the highest levels of achievement among global colleagues at the International Property Awards, a world-renowned mark of excellence for all sectors of real estate industry. Enter today! Read more...
http://www.realtor.org/narlservredirect.nsf/pages/NT000015EA?OpenDocument&WT.mc_id=LS022410&CAT=Int

Update Your Profile to Receive the Global e-Report
This monthly electronic newsletter focuses on global resources for local markets for U.S. REALTORS®. What a great way to expand your market.  To register¸ go to...
https://reg.realtor.org/roreg.nsf/pages/MyAccount?OpenDocument&Login&WT.mc_id=LS022410&CAT=Int

LEGAL ISSUES
No Duty to Disclose Prior Purchase
Missouri court rules that seller bank had no duty to inform buyer that city had previously purchased a portion of the property. Please note: The following link is to a member-only area of the site. Read more...
http://www.realtor.org/letterlw.nsf/pages/0210richards?OpenDocument&WT.mc_id=LS022410&CAT=Legal

RESEARCH & MARKET STATISTICS
Real Estate Insights: February 2010 Edition
Have Real Estate Insights delivered to your e-mail box as soon as new content is posted each month. Subscribe in the "My Account" section of Realtor.org. Real Estate Insights is a free monthly e-newsletter that includes a commentary by Chief Economist Lawrence Yun as well as regular feature articles on the latest survey data and its implications for REALTORS®. Read more...
http://www.realtor.org/research/reinsights/home?&WT.mc_id=LS022410&CAT=Rsrch

4th Quarter Sales Surge, Prices Up in More Areas
Existing-home sales showed strong gains in most states during the fourth quarter, with many more metro areas seeing prices rise from a year earlier.  Read more...
http://www.realtor.org/press_room/news_releases/2010/02/metro_state?&WT.mc_id=LS022410&CAT=Rsrch

RESORT & VACATION PROPERTIES
Check out the Resort Life Blog
The Resort Life Blog is the voice of NAR's Resort and Second-Home Community, sharing updates on news, events and market statistics related to the Resort and Second-Home Community. If you have any questions about this blog, or would like to submit an article to post on the blog, please contact resort@realtors.orgRead more...
http://resortlife.blogs.realtor.org/?&WT.mc_id=LS022410&CAT=Resort

SALES & MARKETING TOOLS
5 Most Common Home Inspection Problems
A bad home inspections can quickly derail a deal. Find out the five most common problems that turn up on a home inspection and what you and your sellers can do to fix it before it becomes a deal-killer.  Read more...
http://www.realtor.org/rmohome_and_design/articles/1001_home_inspection?&WT.mc_id=LS022410&CAT=Sales

Right Tools, Right Now - February Articles at No Cost
This month's FREE articles from Right Tools, Right Now cover a variety of topics including, how the proximity to a city center combined with the walkability of its neighborhood increases the value of a home, ways to develop a strategy to guide your business for years to come and tips on helping clients through the first-time homebuying experience. You'll find these articles and more at www.REALTOR.org/RightTools.  Read more...
http://www.realtor.org/prodser.nsf/RightTools/ArticlesInformation?OpenDocument&wt.mc_id=RT1106&WT.mc_id=LS022410&CAT=Sales


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