The Board Reportermeeting, but didn’t feel you could afford to just “try it”, here’s your...
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The Board Reporter OCTOBER, 2014 LAKE OF THE OZARKS BOARD OF REALTORS® 573-374-6646 VOLUME 22, ISSUE 10 I’m writing this October letter with sadness of the recent news of fellow REALTOR®, Beverly Carter’s abduction and murder in Arkansas. For the past 10 years, September has been REALTOR® Safety Month and we all need to make a commitment all year long to have a plan and avoid risky situations. Here is an article with a few suggestions for safety: http://realtormag.realtor.org/news-and-commentary/your-nar/article/2013/09/10-years- empowering-realtors-stay-safe I attended the September Business Conference in Branson September 17-19 and wanted to share a few discussions I attended. The Risk Management Forum Group – Steve Owen and the Appraisal Committee presented Joining Forces, How can we BE BETTER. His suggestion is Agents and Appraisers have to work together and help each other by communicating more effectively. He said legally after an appraisal is completed Appraisers can’t go back and make changes. But, an Agent can provide an Appraiser with comps at the beginning of the transaction, when a copy of the contract is sent to the Appraiser, this allows the Appraiser to take the Agent’s opinion into consideration. Mr. Owen also suggested local MLS’s might look into using the UAD guidelines so Agents and Appraisers are on the same page, using the same terms when describing homes. From the Fannie Mae Website: To improve the quality and consistency of appraisal data for loans delivered to the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency (FHFA), developed the Uniform Appraisal Dataset (UAD), which defines all fields required for an appraisal submission for specific appraisal forms and standardizes definitions and responses for a key subset of fields. The Risk Management Group also discussed Video Surveillance: There was discussion about a Buyer that had been recorded on a “baby monitor” or “nanny cam” while viewing a home. The Buyer made an offer and when the Listing Agent presented the offer, the Seller said he knew the Buyers would pay more because of what they had said on the video, while in the Seller’s home. Do we need to caution Buyers that they may be recorded when viewing a home? Do Listing Agents need to put up signs in homes that have cameras stating that anyone viewing the home may be recorded? Is it legal to record someone in your home without their knowledge? Missouri's wiretapping law is a "one-party consent" law. Missouri makes it a crime to PRESIDENT’S LETTER Beth Riggins, 2014 LOBR President
Transcript of The Board Reportermeeting, but didn’t feel you could afford to just “try it”, here’s your...
The Board Reporter
OCTOBER, 2014 LAKE OF THE OZARKS BOARD OF REALTORS® 573-374-6646 VOLUME 22, ISSUE 10
I’m writing this October letter with sadness of the recent news of fellow
REALTOR®, Beverly Carter’s abduction and murder in Arkansas. For the
past 10 years, September has been REALTOR® Safety Month and we all
need to make a commitment all year long to have a plan and avoid risky
situations. Here is an article with a few suggestions for safety: http://realtormag.realtor.org/news-and-commentary/your-nar/article/2013/09/10-years-
empowering-realtors-stay-safe
I attended the September Business Conference in Branson September 17-19 and
wanted to share a few discussions I attended.
The Risk Management Forum Group – Steve Owen and the Appraisal Committee
presented Joining Forces, How can we BE BETTER. His suggestion is Agents and
Appraisers have to work together and help each other by communicating more
effectively. He said legally after an appraisal is completed Appraisers can’t go back
and make changes. But, an Agent can provide an Appraiser with comps at the
beginning of the transaction, when a copy of the contract is sent to the Appraiser, this
allows the Appraiser to take the Agent’s opinion into consideration.
Mr. Owen also suggested local MLS’s might look into using the UAD guidelines so
Agents and Appraisers are on the same page, using the same terms when describing
homes. From the Fannie Mae Website: To improve the quality and consistency of
appraisal data for loans delivered to the government-sponsored enterprises (GSEs),
Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency
(FHFA), developed the Uniform Appraisal Dataset (UAD), which defines all fields
required for an appraisal submission for specific appraisal forms and standardizes
definitions and responses for a key subset of fields.
The Risk Management Group also discussed Video Surveillance: There was
discussion about a Buyer that had been recorded on a “baby monitor” or “nanny cam”
while viewing a home. The Buyer made an offer and when the Listing Agent
presented the offer, the Seller said he knew the Buyers would pay more because of
what they had said on the video, while in the Seller’s home. Do we need to caution
Buyers that they may be recorded when viewing a home? Do Listing Agents need to
put up signs in homes that have cameras stating that anyone viewing the home may be
recorded? Is it legal to record someone in your home without their knowledge?
Missouri's wiretapping law is a "one-party consent" law. Missouri makes it a crime to
PRESIDENT’S LETTER
Beth Riggins, 2014 LOBR President
Officers/Directors –
2014
President –
Beth Riggins
Vice President –
Kevin Winters-374-5206
Secretary –
Susan Stoltman – 317-
9130
Treasurer –
Barb Stockwell – 374-5206
barbsellsrealestate@yahoo.
com
Local Director –
Anita Horn – 372-6769
Local Director –
Vicki Brown – 372-5549
m
Local Director-
Phyllis Flinn – 374-5400
Local Director –
Bill Johnson – 374-0769
State Director –
Nancy Rogers- 374-1331
State Director –
Mickey LaFerla – 552-
8625
intercept or record any "wire, oral, or electronic communication" unless one party to
the conversation consents. See Mo. Rev. Stat. § 542.402.2. On the other hand, what
about Buyers recording a home they are viewing and then they post it on YouTube or
Facebook to show their friends, should they have permission to post someone else’s
property? There was discussion about getting some legal advice on these matters and
possibly creating a form that says buyer can video and share.
In the Residential Forms Group there was an update on several forms that had been
reworked by the committees as well as a Proposed New Index of the MAR Forms
Library to make it easier for Realtors® to search for a form and group a type of
transaction. It was requested by the Group that Steve Graham (MAR’s Legal Council)
create short videos (similar to his “Keeping it Legal” videos) discussing changes to
MAR forms to help explain the changes to Missouri Realtors®. This should help all
of us stay up to date on the many changes to the forms throughout the year.
On Friday, I attended the Board of Directors meeting where the 2015 Budget was
presented and approved, New MR Directors were inducted, and LaNora Kay from Tri-
Lakes Board of Realtors® was elected as Missouri’s new NAR Director.
A final quote from a favorite TV show from the 80’s, Sergeant Phil Esterhaus always
ended his briefings by saying, “Hey, let's be careful out there.” I agree. Please, be
careful and have a plan when you are meeting customers away from your office.
Beth Riggins
Let Studio 16 “glam” up your photo. They
will be at the board office on October 23
and 24 to take your picture and do a little
enhancing so you can look your best for
your marketing materials. It is time to
update that old agent photo!
Make an appointment at: http://www.wejoinin.com/sheets/mtwks
Committee Chairs
Award/Programs
Dave Schulz
Education
Ellen Tietmeyer
Finance
Barb Stockwell
Legislative/Bylaws
Mickey LaFerla
MLS
Kevin Winters
RPAC
Nancy Rogers
AFFILIATE NIGHT – October 21, 2014
Where: LOBR West Wing When: October 21, 2014, 5:00 – 7:00 (dinner at 6:00)
Menu: Lasagna, Fettuccini Alfredo, Salad, Garlic Bread,
Italian Chocolate Chip Cookies, Coffee, Tea, Water, BYOB
Cost: $12.00 per person Yes, Dave Schulz is making the lasagna and fettuccini, so you know that will be yummy!! There will also be some very good
door prize drawings, so be sure to make a reservation and come support our affiliate members.
Make reservations by Thursday, October 16, by emailing [email protected] or calling 374-6466 ****************************************************************************
VOTING NOTICE The 2015 Budget will be presented at the October 21,
2014, General Membership meeting, following Affiliate Night and dinner. A membership vote is required to approve the budget. The proposed budget is available for you to review: http://lobr.net/ftp/2015Worksheet.pdf ****************************************************************************
Affiliate Display tables will
be set-up for “Show and
Tell”. Come talk with our
Affiliate Members and see
what they can do for you!
MEMBER UPDATES
NEW MEMBERS
NEW AFFILIATES
TRANSFERRED
RE-ACTIVATED
DROPPED Jeri Dall, Shoreline Realty Dianne Stewart, Old Kinderhook
Steven Phillips, United Country Lake Area Properties
Jamie Lux, Integrity Appraisal Tom Fischer, Innovative Real Estate Karen Galey, RE/MAX at the Lake
Link to Roster of active Affiliate Members: http://www.lobr.net/ftp/AffiliateRoster.pdf
QUIZ: SAFETY September was Safety Month, but you need to keep it in mind all year - As a real estate practitioner, you’re faced
with potentially risky situations every day. Meeting new clients, showing
homes, and even walking to your car at night can be dangerous. It’s
essential that you make safe decisions and know how to react when
confronted with trouble. Refresh your knowledge of safety practices with
this quiz:
http://www.realtor.org/rmoquiz2.nsf/Safety?OpenForm
Lake of the Ozarks Board of REALTORS
Board of Directors Meeting
September 10, 2014
The meeting was called to order by Beth Riggins at 9:10 a.m.
Present: Beth Riggins, Nancy Rogers, Phyllis Flinn, Susan Stoltman,
Mickey LaFerla, Anita Horn, Barb Stockwell, Bill Johnson, Vicki Brown, and
Linda Yelton.
Absent: Kevin Winters
The minutes of the August 13, 2014 meeting were approved.
No MLS Committee Recommendations.
No new offices.
New Members: A motion was made, seconded and passed to accept
Karin Brambilla as a new member.
Finance committee: The proposed 2015 budget was discussed. An
increase is being proposed for key pad and e-key rental as Supra is
increasing its rates. A motion was made, seconded and passed to submit
the proposed budget to the membership.
Review of new (work-in-progress) Board website: The Board looked
at the mock up and discussed the site and possible changes. The website
committee will talk to the web designer about any changes.
LOBR Logo contest: Linda has not received any LOGO submissions at
this time. Creator of chosen logo would get one free meal at every dinner
meeting next year.
Meeting adjourned at 9:45 a.m.
Missouri Realtors® Meeting, September 17-19, 2014 Submitted by Mickey LaFerla
Property Management Output Group The property management section is looking for a new logo. If you have any ideas
for the logo please feel free to contact me and I will get it to the Chair. After the
business of approving minutes and the budget it was decided to put together a
Property Management Summit, details to be worked on and developed for a time
in 2015. Through the research for the summit it was decided that we really would
like a guide for property management. After much discussion a proposal was
made to speak with Steve Graham for guidance on how to prepare this “How-to”
book which will list examples with statutes, etc.
Commercial Output Group
After introductions and approval of minutes there was a lengthy discussion on the
upcoming Commercial Day in Columbia, MO. This is an excellent program in
combination with Missouri University. A lot of time has been put into developing
this program and we look forward to your attendance and feedback. The
Commercial forms group has been absorbed by the Commercial Output Group.
Currently there are 4 forms we are editing: Letter of Intent to Lease Commercial
Property; Letter of Intent to Purchase Commercial Property; Commercial Lease-
Multi-Tenant; and Commercial Lease- Single Tenant. Your feedback will be
greatly appreciated.
If you’ve always wanted to attend a state meeting, but didn’t feel you could afford to just “try it”, here’s your chance to do that. Missouri YPN is offering a scholarship for the Missouri REALTORS® Business Meeting. For more information and an application, contact the Board Office.
You can claim a “.realtor” top-level domain name
beginning October 23, 2014. For example, you could claim:
“www.YourName.realtor”
NAR will provide a FREE .realtor domain for one year to
the first 500,000 members who register on a first-come,
first-served basis. Visit www.about.realtor for details,
FAQs, business rules and videos.
Golden R - $5000
Crystal R - $2500
Sterling R - $1000
Leadership - $500 Nancy Rogers
Diana Sutherland
$100 Club Bob Carson Bob Kupfer Susan Stoltman
Linda Eldridge Mickey LaFerla Dale Stoltman Sheri English Norma Morrison John Stathopoulos Phyllis Flinn Denny Ohde Jarod Taylor Anita Horn Sue Pope B Ann Walker Bill Johnson Beth Riggins Jason Whittle
Kevin Winters
Investor - Minimum of $15 Lana Andersen Ted Harmon Randall Roelofsz Gary Bachman Brian Hoover Jim Rogers Cindy Bell Steve Horn Jennifer Schanuel Mike Bemboom Sue Kupfer Karen Schulte Mike Benne Dan Kusgen Dave Schulz John Berlette Jarad Lanham Michelle Silvers Randy Bowling Ethan Leigh Ron Slaughter Bruce Brenon Becky Lister Barb Stauch Vicki Brown Cindy Manislovich Don Stauch Karen Bunt Bill McEntyre David Stephens Don Cahail Chris Mehrens
Evva Cason Donna Meyer Barb Stockwell
Sherri Moe Nicholas Sutterer
John Effertz Mindy Molinar Kenny Teeple Bret English Ed Morrison Ellen Tietmeyer Jimmie Lee Ken Nicholson Gayla Welsh Bill Finke Ed Oberste Nancy Williams Joy Frederiksen David O'Neal Al Wilson Karen Galey Jackie Paris Karri Wiltfong Bev Gibson Boomer Potts Jeff Winters John Gibson Dwight Purvis Crickett Wolfe Kathy Hagan Demi Rice Loren Woodard Judy Hale Gary Richards Linda Yelton Jan Hall Maggie Richards Karen Zarky Paul Hannigan Helen Riggins
REALTOR® PARTY
CORNER 2014
Education
Classroom-
Online Ce-
http://lobr.theceshop.com
September 26, 2014
September Activity
LOBR (CB 124 Checking)
Balance Reported August 29, 2014 $25,827.55
Income $20,636.08
Expense -$11,302.28
Balance Septembet 26, 2014 $35,161.35
Total Cash On Hand as of September 26, 2014:
CBOLO 126 CD $36,121.77
CBOLO 128 Cash Management $9,835.63
CBOLO 124 Checking $35,161.35
Subtotal $81,118.75
BOV Cash Mgmt $507.82
BOV 127 Flex Account $16,684.02
Subtotal $17,191.84
TOTAL $98,310.59
Cash Liabilities as of September 26, 2014:
Payroll Taxes Payable -$1,665.22
MAR, NAR, StateProfStds, Ppd Local -$450.00
Apx. 2014 Principle Payable -$6,500.00
Total Cash Liabilities -$8,615.22
NET CASH TOTAL $89,695.37
Lake of the Ozarks Board of Realtors, Inc.
Monthly Financial Status Report
