1. real estate

Loveland-Berthoud Association of REALTORS®
Volume 9, Issue 8
May 2015
INSIDE THIS ISSUE:
Chair Message
Bob Skillman
1
New CFPB-TILA
Regulations
2
Government Affairs 4
Update
Barbara Koelzer
GOLF TOURNAMENT 5
INFORMATION
LBAR Happenings
6-7
IRES Article
Julie Dahl
8
“RESPA”
Changes
coming
August 1st
Plan to attend our
Membership meeting
on June 11th at the
Garden Room
Land Title is sponsoring
a 1-hour C.E. Credit
class on the new 2015
Disclosures-Getting to
the Closing Table.
See Page 2 for details
A Message from your
2014-2015 LBAR Chair, Bob Skillman
TILA/RESPA/TRID ?
2015 is slipping by very quickly and we are now inching closer to that
dreaded August 1, 2015 deadline when the sweeping CFPB/TILA rules
take place . The Consumer Financial Protection Bureau (CFPB) has set
out new disclosure rules that will prove that our jobs as Realtors® are
extremely important to a successful closing and getting clients where
they need to be on time. In addition, it emphasizes the importance of have an excellent
working relationship with the consumer’s lender and title company. This ruling has various
points that could delay a closing and require an additional 3 day disclosure period. For example, if a buyer completes their final walk-though the day before the closing and notes a
window is broken, the seller agrees give a $200.00 credit, this would trigger a new 3 day
disclosure period and the closing will need to be delayed. Just think about the consequences to this scenario. What would happen if there were three or more transactions in line with
this transaction being the first or in the middle? What happens if the buyer’s rate lock expires? Where would a family packed up in moving trucks arriving the day of closing stay for
the next 3 or more days? Who is responsible for their short term housing? How many
sellers would walk away due to this delay? This list goes on and on. This is why we are being told that a 45-75 day closing will become more the norm than our typical 30 and 45 day
closings. This also creates issues in our current market of multiple offers where shorter
time-lines help make your offer stronger. As you can see this ruling comes with many
questions and “what if’s?” This is why it is so important for us as Realtors® to become well
versed in this new ruling and take the classes that are provided by Loveland Berthoud Realtors Association, title companies and lenders. It is also imperative we all work together and
spend time educating your clients (buying and selling) and setting expectations on the process and potential delays. Why CFPB decided to implement this complex ruling in the midst
of our busiest time of the year rather that the first of the year, no one can say, however, it
is here to stay and we need to adjust and rise above the negatives to show the importance
of the Realtor®.
Wednesday, June 17, 2015 @ Highland Meadows Golf Course
1:00 p.m. Registration/Check In
1:30 p.m. Shotgun Start
Get your Team together! SIGN-UP NOW Click Here
Page 1
Get Involved
Benefits of Being a REALTOR®
“ALL ABOARD”
Being a REALTOR® has its advantages! Through a three-way agreement the local, state and
national association of REALTORS® provides numerous programs, products and services to help their members distinguish themselves in the competitive industry of real estate and be more successful in their business.
Political Advocacy
If real estate is your career then politics is your business. Did you know that each year REALTOR® associations
advocate on REALTORS® and consumers behalf to promote private property rights and protect business interests of
REALTORS®. You can get involved by answering calls to actions, volunteer on LBAR or CAR’s political committees
and by donating to REALTOR® Political Action Committee (RPAC).
Page 2
May 2015
Sun
Mon
Tue
Wed
Thu
Fri
Sat
1
2
3
4
5 9:00 a.m.
6
7 9:00 a.m.
8
9
10
11
12
13
14 8:45-10
15
16
19 3:30-5:00 20
21 8:30 a.m. 22
23
@ The Summit
Affiliate
Committee
Meeting
8:30-12:30
“Independent
New Member
Brokers Group” Orientation
2:30-4:30
IRES Class
8:30 a.m.
Government
Community
Affairs Meeting Relations
Meeting
Membership
Mtg @ The
Garden Room
17
24
18
25
Rookie Club
26
27 NOON
Board of
Directors
Meeting
28
29
30
May 5th - Public Records 2 CE
2:30—4:30 p.m.
Register @ IRES 593-9002
Class will be held at the LBAR
31
Membership
Report
Where Are They?
* Secondary Member
NEW REALTOR® Members:
Karen L. Durlin – Keller Williams of Northern Colorado
Patricia A. Johnson – Harmony Brokers
Tilia Kennedy – Keller Williams of Northern Colorado
Andrew J. Lewis – ERA Herman Group R.E.
Elizabeth Rayment – CB/Residential Brokerage
Rick Scott – 8Z Real Estate, LLC
*Jeff Theisen – Harmony Brokers
Brad Sawatzky – Stone Forest Real Estate Services to
Colorado Real Estate Pros
Joy K. Wicks – C3 Real Estate Solutions to Resident
Realty South Metro
New Affiliate Members:
Gerald Hiott – Hiott Inspection Services, LLC
Terry Knock – Koala T Carpet Cleaning
REALTOR® Members on the move:
Brooke Sky Blue – Gold Star Group to C3 Real
Estate Solutions
Page 3
Government Affairs UPDATE
Barbara Koelzer,
Regional Government Affairs Director
[email protected] 303.886.5675
Larimer County
Loveland
Council Wants to Revise Affordable
Housing Policy: The City Council
has waived over a half a million dollars
in development fees in the last year
and apparently some Councilors aren’t
feeling that the City is getting a return
on its investment. John Fogle, in particular, made pointed comments about
the Giuliano project, which has received over $2 million worth of waivers
and reductions since 2007. Staff said
the City has invested approximately
$76,000 per unit for the project but the
developer hasn’t built the number of
affordable homes that it had initially
agreed to construct.
donate lots to the City for affordable,
deed-restricted units. Sam Betters of
the Loveland Housing Authority said
this is a variation of the inclusionary
zoning concept (used by Boulder and
Denver). Dave Clark and Hugh
McKean said the City can’t provide
affordable housing for everyone.
Mayor Cecil Gutierrez agreed, saying
the City has limited dollars to spend.
Tall Guns LLC.
Meyers said his priorities are the west
side of town, the downtown and the
City’s fiscal management. He argues
that improvements to the U.S. 34 corridor are desperately needed when it
comes to the west end of town. He is
also interested in flexible zoning to
incentivize businesses to build in the
City, particularly the west side of town.
At the end of this free wheeling discus- Coincidentally, his business is located
sion, the Council asked staff to get
in the western part of town, off W. Eimore specifics about what could insenhower.
centivize builders. Other ideas the
Council seemed to support were the
creation of a specific budget for afford- COLORADO ASSOCIATION OF
REALTORS
able housing and a policy that would
 Legislative Update
give Loveland Housing Authority and
Community Development Director
Habitat for Humanity priority for those STATE
Greg George told the Council that de- dollars.
 Senate Committee Passes Transvelopers say that the City’s current
portation Bill
Meyers to Challenge Thompson for NATION
policy is “useless.” While the policy
has ensured that the City doesn’t be- Ward II: Planning Commissioner
 Repatriation Highway Bill Funding
come a direct provider itself, the policy Buddy Meyers will challenge Leah
Introduced
doesn’t offer enough incentive to con- Thompson for the Ward II City Council
vince builders to participate, either.
seat. Thompson announced her deci- For Complete Article Click Here
sion to run last month with the support
Fogle argued that the City needs a
of incumbent Phil Farley. Now Meyers
program in which developers would
has followed suit. He is the owner of
The red remembrance poppy has become a familiar emblem of Remembrance Day due to the poem In Flanders Fields. These poppies bloomed across some of the worst battlefields of Flanders in
World War I; their brilliant red colour became a symbol for the blood spilled in the war. From its association with poppies flowering in the spring of 1915 on the battlefields of Belgium, France and
Gallipoli this vivid red flower has become synonymous with great loss of life in war.
The sight of these delicate, vibrant red flowers growing on the shattered ground caught the attention of a Canadian soldier
by the name of John McCrae. He noticed how they had sprung up in the disturbed ground of the burials around the artillery position he was in. It was during the warm days of early May 1915 when he found himself with his artillery brigade
near to the Ypres-Yser canal. He is believed to have composed a poem following the death of a friend at that time. The
first lines of the poem have become some of the most famous lines written in relation to the First World War.
In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.
Page 4
The Loveland-Berthoud Association of REALTORS®
Highland Meadows Golf Course
6300 Highland Meadows Parkway, Windsor
Wednesday, June 17, 2015
1:00 p.m. Registration/Check in
1:30 p.m. Shotgun start
Where do the proceeds go?
The Amos Allard Memorial Scholarship
$750.00
The LBAR Vocational Scholarship $750.00
The Don Evans Awards
Any remaining funds will go to CARHOF
Mulligans will be for sale at the event: $5.00 each or 3 for $10.00
This tournament is for fun! -
Best ball – Four Person Scramble
At least one player per team must be a member of LBAR
Must have Entry form and payment
by: June 5, 2015
Mail to: 730 N. Railroad Avenue
Loveland 80537 OR
Fax: (970) 669-1858 Email: [email protected]
Questions? Tel: 669-1822
$110.00- per Golfer - $440.00 Team
Fee includes 18 holes, Golf Cart
Dinner & Awards Reception
2015 ANNUAL GOLF TOURNAMENT
Sponsorship Opportunity
Wednesday, June 17, 2015
Shotgun start: 1:30 p.m.
Highland Meadows Golf Course
6300 Highland Meadows Parkway, Windsor
SPONSORSHIP COSTS:
□ $150 for hole sponsorship - We will provide a 18”X24” sign with your company logo on it
□ $150.00 Dinner Sponsorship – Bring your Company Banner to hang outside on patio
If you have not previously sponsored a hole, please email us a high resolution company logo to
[email protected] and this form no later than June 5, 2015
Please print Form and Read Thoroughly
Click Here
Page 5
LBAR Happenings
Mark Your Calendars for the next meeting on May 14th.
Bring a non-perishable food item for House of Neighborly Service.
PROGRAM: Julie Dahl, IRES Communications Director, talked about the
Zillow Group Syndication options, ColoProperty updates, ListTrac, which
measures online listing traffic and ColoProperty framing. She can be
contacted at the IRES Office. 593-9002
Bob Skillman, LBAR
Chair, conducted the
meeting.
Vince Deely, Resource Development & Marketing Director for
Loveland Habitat for Humanity. He gave an update on Loveland’s
Habitat’s building efforts in Loveland and their efforts to support decent,
affordable housing.
Renae Hupp, RPAC Chair
Discussed RPAC and how
important it is for the Realtors®
and Real Estate Community.
North American Title was the
meeting sponsor. Chris Coley and
Teri Rogers donated the door
prize. Heather West won.
There also was a drawing
for all the people who have
contributed to RPAC so far
this year. Tracy Wilson won
the gift card donated by
Dennis Senst.
Please remember to bring a
Non-Perishable food item to
each membership meeting. These
items will be brought to House of
Neighborly Service.
Please DO NOT
bring EXPIRED items.
March 2015 LBAR
HOUSING STATS
www.lbaronline.com
Page 6
Mark your Calendars!
LBAR Rookie Club event
Rookie Club
meeting will be May 19th
3:30—5:00 p.m.
Why you should attend:
Opportunity to network with other new agents & affiliates
make connections that make a difference
personally & professionally
Learn about the industry from experts in the field
Enjoy a FREE Drink
On April 21st
the Rookie Club
At the SUMMIT
4455 N. Fairgrounds Ave. Windsor
presented
“Unique Marketing Ideas”
Presented by:
Robert Crow, CB/Devonshire-F.C.
Sponsored by: Unified Title and Adams Bank &
Trust
We have a large variety of OPEN HOUSE and HOME
FOR SALE Signs. Stop by the office and take a
LOOK!!
Heart Stickers
$3.00
(roll of 500)
Combo Dial / Push Button
lockboxes $28.50 ea.
Copy Conserver Brochure
Holders for your OPEN
HOUSE $15.00
SALE
MAGNETIC #’S
Flyer Box
on stake
$15.50 ea.
$.75/$.90 ea.
Stop by our office at 730 N. Railroad Ave.
or Call 669-1822 and
we will have your order ready.
Exodus
Moving
and Storage,
Inc.
800-549-1488
www.exodusmoving.com
Page 7
Listing Syndication and the Colorado Real
Estate Commission: CP 21
By : Julie Dahl, Communications Director
The Colorado Real Estate Commission Position 21 (CP-21) was officially updated in early
April to include Listing Syndication as a suggested topic within office policy manuals. CP-21 is a
long standing position statement that covers a variety of items for inclusion in office policy manuals such as
handling earnest money, contract review and, as of April 7th, listing syndication.
The timing is perfect considering the recent changes between listing syndication giant, Listhub, and
consumer portals, Zillow and Trulia. As of April 7th, Listhub and Zillow Group ended their contract with one
another, leaving brokers and agents wondering how their listings would be sent to consumer portals. To help
our customers, IRES developed an agreement with Zillow Group directly and added a preference option on
our MLS that allows Managing Brokers to choose whether or not to syndicate their listings through the MLS.
Increased marketing exposure for listings can be beneficial but may also come at a cost.
Duplicate listings, lag time on listing changes, unauthorized use, unfavorable Terms of Use and resyndication have become increasingly problematic. These issues, combined with general confusion of how
listings are sent to third parties, may cause Managing Brokers to struggle with forming an office policy regarding how, when and where listings should be displayed. In turn, agents are often unsure how to answer
consumer questions regarding marketing properties on third party sites.
Lauren Hansen, CEO of IRES, presented information to the Colorado Real Estate Commissioners to
encourage listing syndication dialogue between Broker owners and agents in February 2015. We are thrilled
with the Real Estate Commission’s decision to include listing syndication in CP-21 and, to our knowledge,
Colorado is the first real estate licensing entity in the country to make this move. We are hopeful
the decision will be a launching pad for discussion regarding the pros and cons of listing syndication at office
meetings. According to the Real Estate Commission, the implementation of the new and improved CP-21 position takes effect immediately.
To help brokers with this process, IRES drafted an office policy template related to Listing
Syndication participation. Brokers are welcome to cut, paste and revise the template to best fit office policy.
We hope the template will prompt ideas and encourage dialog that leads to thoughtful decisions for brokerages. As always, if you have any questions, please feel free to contact IRES.
Page 8
2015 Membership Meeting Sponsors
January 8– Sponsored by Security One Lending
February 13-Sponsored by Heritage Title
March 12-Sponsored by Colorado State Bank & Trust
April 9-Sponsored by North American Title
May 14-will be sponsored by Guarantee Bank & Trust
2014 Membership Meeting Sponsors
May 8—Sponsored by Security One Lending
June 12—Sponsored by Great Western Bank
July 10—Sponsored by Stewart Title
August 14—Sponsored by 1st National Bank
September 11 – Sponsored by North American Title
October 9—Sponsored by 1st National Bank
November 13—Sponsored by North American Title
December 11—Sponsored by Heritage Title Co
2014/2015 COMMITTEE / TASKFORCE CHAIRS
If you are interested in being on any of these Committees please fill out the form located
on the LBAR website. www.lbaronline.com
Affiliate Committee, John Byster & Kim Kuxhausen
Nominating, Mark Koentopp
CARHOF, Billie Jo Downing
Orientation Facilitator, Ryan Martin
Community Relations, Leah Ludwick
Professional Standards, Linda Sioux Stensen
Golf Tournament, David Powell
Program, Ryan Martin
Government Affairs, Renae Hupp
Rookie Club, Sydney Young
Grievance, Betsy Burns
RPAC, Debbie Hansen
Installation, Mark Koentopp
Independent Brokers Group, Pam Zimmerman
CARHOF PARTICIPANTS
CARHOF is a 501(c)3 charitable foundation created in
RE/MAX Town & Country—Gary Maggi
1990 for the purpose of promoting safe, decent and affordable housing for all in Colorado. CARHOF collects interest Stroh and Company Realty—Dan Stroh
on escrow accounts and donates the money to nonprofit
and public agencies that help low to moderate income fam- The Group, Inc., Centerra—Ceri Anderson
ilies with their housing needs.
The Group, Inc., 29th St—Ceri Anderson
Real Living 1st Choice Real Estate Services - Cathy
Forsythe
Foothills Premier Properties—Louis Gassner
CB/Residential Brokerage—Kris Anderson
Wild Real Estate Services—Kitty Wild
Century 21 Humpal, Inc.—Jason Humpal
Cottage Realty, Ltd—Kevin Cook
Premier Lifestyle Real Estate, LLC—Cory Roberts
RE/MAX Alliance—David Powell
Page 9
Our Mission Statement
The Purpose of the Loveland-Berthoud Association of
REALTORS® is”:
730 N Railroad Ave
Loveland CO 80537
Phone: 970-669-1822
Fax: 970-669-1858
E-mail: [email protected]
We’re on the WEB:
www.lbaronline.com
DO YOU HAVE A
CHANGE???
Please notify the Association
whenever you have a change
of office, address, phone or email.
To serve its members by developing, providing, and promoting
programs and services to enhance members’ freedom and
ability to conduct their business successfully with integrity and
competency;
To promote through collective action, the extension and preservation of the right to own, use, and transfer property;
And to increase the public’s confidence in the REALTORS®
professionalism, skills, and knowledge.