A Look Ahead with OAR's 2019 President
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Real estate has been my entire life. I was born in the Gorge and have been lucky to join forces with my sister and together we own Columbia Gorge Real Estate.
I first became involved in OAR in the late 90's. Throughout the next 20 years I have served on many different committees and task forces until I reached District Vice President for Eastern Oregon, a role I thoroughly enjoyed, and it took me many years to complete.
Last year, I chose to run for President-Elect because I disagreed with what was happening and instead of complaining, I got involved.
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Now, I am so fortunate to be your 2019 OAR President. I also feel fortunate to be working with Jenny Pakula. She became OAR’s CEO in April and has been hard at work ever since.
I am looking forward to kicking the year off at the Executive Committee meeting in mid-January. Just like in the Legislature, this is where the groundwork is laid to have a successful year. We will review our strategic plan, committee chair goals, legislative strategies and finances.
As your OAR President I plan to look at how each of our decisions will benefit OAR members. I have traveled to many of the local associations and I am certainly aware each association has different needs. I look forward to the year ahead and wish you all awesome 2019!
-Nan Wimmers
2019 OAR President
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Buyers and Sellers should take
extreme caution
when wiring funds in real estate transactions. Cybercrime continues to have widespread impacts on Oregonians, and the real estate industry is no exception. Scams are sophisticated and continually changing, which requires Buyers, Sellers, and industry partners to be on constant alert to identify and report questionable practices. OAR has created a Wire Fraud Advisory to help reduce your risks and educate your clients.
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HOME Foundation Grants Issued for 2018
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The OAR HOME Foundation awarded $196,480 to 32 community nonprofit organizations dedicated to affordable housing throughout the state of Oregon. This brings the total of grants awarded to over $1.5 million since the program’s inception in 2004.
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PMAR hosted a special event on January 3, 2019 to recognize and award the 2018 grant recipients.
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OAR is proud to announce a fully formed Diversity Committee that will meet to discuss Diversity-related initiatives for our membership.
The committee is chaired by 2012 past-president John Hoops, and vice-chair is immediate past-president Steve Strode. We encourage you to keep up with our progress and initiatives in 2019!
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In December, the Diversity Committee welcomed Fred Underwood, Director of Diversity and Community Outreach Programs from NAR and
Dr. Randy Blazak from Portland State University
to kick-off the 2019 Diversity Committee by hosting the Leading with Diversity Workshop.
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2019 Legislature: What's Ahead?
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Oregon’s economy has recovered since the 2007-8 recession. We’ve seen a decade of unprecedented economic growth and employment. Unfortunately the growth has exacerbated our state’s infrastructure gap. In 2017, the Oregon Legislature took a bold step by passing a $5.3 billion transportation bill. The largest investment in roads the state has ever made.
In 2019, it’s time for the legislature to make a bold investment in housing.
This session,
Speaker Kotek has again identified Oregon’s housing supply gap as a priority
. Like the accessory dwelling bill of 2017, her 2019 legislation has been received with considerable controversy due to the hypothetical impact on single family neighborhoods. Unfortunately, even if the Speaker’s housing bill is signed into law, the impact of the growth polices will not be enough to bend the supply/demand curve.
To have a realistic impact on housing prices, cities must grow up and out.
With an estimated 155,000 units short (single family and rentals) we must somehow increase production from 17,000 units a year, to 30,000 units a year… OVER THE NEXT 20 YEARS!
The task is nearly inconceivable. To better illustrate the housing supply gap, only one in eight homes sold is new. To change the supply curve, we must change this to nearly a one to one ratio; one new home for every two sold.
Can it be done? A growing number of legislators have expressed a willingness to cross partisan lines on development polices.
During the 2019 session, OAR’s first legislative priority is passing laws that will increase housing supply.
“Up" and “Out” growth patterns have their own unique NIMBY (Not In My Back Yard) constituencies’. Addressing both policies will certainly be controversial. Controversy has a big impact on the likelihood of legislation passing and being signed by the Governor.
Like the legislature did in 2017 with the historic transpiration package,
it’s time to make bold investments in housing.
And it’s our job as Oregon’s premiere housing advocacy association to make sure the juice is worth the squeeze!
-Shawn Cleave
OAR Government Affairs Director
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First Time Home Buyer Savings Accounts
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Another top priority this year is the implementation of House Bill 4007, establishing a First-Time Home Buyer Savings Account program statewide. The program will allow Oregonians to take a state tax deduction for saving money towards a down payment and other related costs associated with the purchase of their first home. The program applies to tax years beginning on or after January 1, 2019. We are currently waiting on banks and credit unions to establish the process for the program.
Learn More about First Time Homebuyer Savings Accounts Program
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2019 Summary of Key Professional Standards Changes
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There are several adjustments to the 2019 Code of Ethics, including the following in Section 1-7:
Upon the written request of a cooperating broker who submits an offer to the listing broker, the listing broker shall provide a written affirmation to the cooperating broker stating that the offer has been submitted to the seller/landlord, or a written notification that the seller/landlord has waived the obligation to have the offer presented.
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NAR Helps Secure FEMA Reversal On New Flood Policies During Shutdown
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In a critical win for home sales while the partial shutdown of the federal government is ongoing, the Federal Emergency Management Agency will issue and renew flood insurance policies, reversing
an unexpected and controversial ruling
the agency released earlier this week.
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What REALTORS® Need to Know About the New Tax Law
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Learn about the new tax updates in NAR's video series. The series offers guidance for individuals and families filing tax returns, the tax incentives of owning a home, as well as business tax changes for real estate professionals.
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Question:
Broker is representing the seller in a transaction that has an accepted offer from a willing buyer. During the inspection period there are requested repairs by the buyer that are agreed to be fixed by the seller. The contractor agrees to complete the repairs and be paid for their work through escrow at close. Following the completed repairs, the transaction fails and the contractor requests payment from sellers broker. Is the sellers agent obligated to pay?
Answer:
Unlikely. The sellers agent is merely acting at the behest of the seller in coordinating the work to be done. The broker is not the beneficiary of the work, nor the owner of the home that has received the work. Further, unless the seller’s broker has signed an agreement to pay, there is unlikely to be a contract for which the sellers broker is liable. If the contractor is able to claim they should be paid, depending on the contract, the beneficiary of the work in this scenario is likely the seller of the property and therefore there may be a claim they must pay the contractor.
Best Practice Tip:
Regardless of the liability for the payment of the work, brokers should be very careful in these scenarios as a contractor being paid based on an outcome (closing of the property) for which they have no control, is risky to all parties involved and can result in claims against brokers, regardless of their viability.
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LEGAL HOTLINE SUBSCRIPTION
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Have you signed up for the Legal Hotline?
The Oregon Association of REALTORS® Legal Hotline provides subscribers the opportunity to ask real estate-related questions of an attorney specializing in real estate and contract law. OAR can advise member subscribers on a variety of topics including disclosure, license law, contracts and offers.
The cost for a one year Legal Hotline subscription is $125 per individual subscription. The Legal Hotline is open Monday – Friday, 9:00 a.m. to 12:00 p.m. (except during NAR & OAR conventions and Holiday's). Subscribers may e-mail questions to the Legal Hotline at any time and can expect an answer within 24 hours (excluding weekends and holidays). Changes in license status or brokerage will not affect an individual's subscription or access to the Legal Hotline.
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OAR is helping REALTORS® fast track their GRI by offering more GRI core courses than any previous year, as well as, hosting enough in-person designation/certification courses to get the required elective credit completed in 2019!
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6 CE Hours | Medford, OR
“Working with Buyers” is designed to provide a solid foundation upon which to build an outstanding relationship of service to your buyer clients.
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6 CE Hours | Coos Bay, OR
A solid understanding of all aspects of real estate finance is essential for guiding your clients through one of the most important purchases in their lives. This course will cover the mortgage process, escrow & title, loan programs, details in lending, rules (Dodd-Frank, HOPEA & Section 32, triggering loan estimates, TRID/Know Before You Owe), seller financing, short sales & foreclosures, 1031 exchanges, and investment properties.
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6 CE Hours | Eugene, OR
”Working with Sellers” is a comprehensive look at acquiring and maintaining positive seller relationships. This course will give you the tools needed to uncover sellers, market your strengths, price the property, win the listing, and be competent in your abilities to maintain a working rapport with your sellers during and after the transaction. The goal is to have clients for life who will refer your services.
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6 CE Hours | Bend, OR
A solid understanding of all aspects of real estate finance is essential for guiding your clients through one of the most important purchases in their lives. This course will cover the mortgage process, escrow & title, loan programs, details in lending, rules (Dodd-Frank, HOPEA & Section 32, triggering loan estimates, TRID/Know Before You Owe), seller financing, short sales & foreclosures, 1031 exchanges, and investment properties.
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6 CE Hours | Klamath Falls, OR
A solid understanding of all aspects of real estate finance is essential for guiding your clients through one of the most important purchases in their lives. This course will cover the mortgage process, escrow & title, loan programs, details in lending, rules (Dodd-Frank, HOPEA & Section 32, triggering loan estimates, TRID/Know Before You Owe), seller financing, short sales & foreclosures, 1031 exchanges, and investment properties.
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6 CE Hours | Gresham, OR
”Working with Sellers” is a comprehensive look at acquiring and maintaining positive seller relationships. This course will give you the tools needed to uncover sellers, market your strengths, price the property, win the listing, and be competent in your abilities to maintain a working rapport with your sellers during and after the transaction. The goal is to have clients for life who will refer your services.
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Understanding the Domestic Well Testing Act and Radon Awareness for the REALTOR
Tuesday, January 8, 2019
(9:30 AM to 10:30 AM)
1 CE Hour
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Become a Safer & Productive Agent with Kleard
Thursday, January 10, 2019
(9:30 AM to 10:15 AM)
NO CE
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Benefits of Using
a Home Warranty
Monday, January 14, 2019
(9:30 AM to 10:30 AM)
1 CE Hour
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Introduction to RPR Commercial
Tuesday, January 22, 2019
(9:30 AM to 10:30 AM)
1 CE Hour
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Certified International Property Specialist Designation (CIPS)
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lobal real estate opportunities are everywhere. People move to the U.S. from other countries every day and foreign-born individuals residing in the U.S. move to new markets. Americans in your current market may look to invest in property overseas. No matter which audience you cater to, the CIPS designation will provide you with the knowledge, research, network and tools to globalize and expand your business.
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PSU Center for Real Estate
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The Center for Real Estate is featuring two courses this January for industry professionals interested in advancing their education:
USP 529 Green Buildings
USP 510 Retrofitting Suburbia
If you are interested in the MRED program or have any questions, please contact
Dr. Gerard Mildner
503.725.5175.
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Be Safer & More Productive
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Kleard offers on-the-spot verifications for safer showings and open houses with safety alerts built-in. In addition it comes with an open house verified sign-in and a CRM for follow-up.
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Did you know you have access to medical, dental and vision plans?
OAR has partnered with Johnson Benefit Group to bring you affordable healthcare options.This year they have expanded the dental offering to include four plans for dental and two for vision. These plans provide flexibility to see a dentist in or out of network.
Please contact Johnson Benefit Group at 503-656-3232 for any questions or assistance you may need.
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NAR Member Value Plus (MVP) Program
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Earn rewards by taking simple actions with NAR's Member Value Plus (MVP) Program. Every month a new MVP offer will be posted. All you have to do is complete the specified Action within the two-week time-frame. After you complete the Action, you’ll receive instructions and a code via e-mail to redeem your Reward. That’s it. It doesn’t get simpler than that.
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Oregon Association of REALTORS
®
2110 Mission Street SE, #230 Salem, OR 97302
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