June 8-14, 2009 Upcoming UCAR Events Friday, June 12 – Utah County Summit on Affordable Housing – Located at the new UCAR office, this Housing Summit will include Senator John Valentine, a panel of Housing Programs for a Q and A and much more. This will be a great opportunity to discuss affordable housing in Utah County. Registration and check-in is at 8am and breakfast and lunch will be provided. Please RSVP by calling UCAR at 801-226-2777 or by replying to this email. Monday, June 22 – UCAR Focus Group for Spanish Speaking REALTORS® - We want to know how UCAR can best communicate with our Spanish-speaking members. If you are a Spanish-speaking REALTOR® and would like to help UCAR, please come and give us your insights and opinions. The focus group will be held from 11:30am to 1:30pm and lunch will be served. Please register by calling the UCAR office at 801-226-3777. More information below. Thursday, June 25 - Affiliate Golf Tournament – Do not wait to register for the 9th annual UCAR Affiliate Golf Tournament! This year we will hold our tournament at Sleepy Ridge. Cost is $65 per golfer, $260 per team. Four-member teams will consist of an Affiliate member, 2 REALTOR® members, and another member. Download the Registration form, Hole Sponsor form, or flyer here. **This year there will be a Hole-in-One Contest! Your hole-in-one would win you an all expenses paid trip to the 2010 Masters Tournament in Augusta, Georgia. For more information, please contact Scott Miller at email@example.com.** Tuesday, June 30 – Leadership Excellence Series – “The quality of a person’s life is in direct proportion to their commitment to excellence regardless of their chosen endeavor.” – Vince Lombardi. Come join us at the Utah County Association of REALTORS® “Leadership Excellence Series” as we invite local business and government leaders to share insights with us. Becoming a trusted real estate professional takes more than just completing CE classes. This is the first installment of a monthly series, it will be from 11:30am to 1:00pm, held at the UCAR office and John Curtis, a Provo-native, will be speaking. Please register by calling the UCAR office at 801-226- 3777. Message from UCAR CEO, Taylor Oldroyd This is a copy of a letter I sent to the Federal Housing Finance Agency: Thank you for meeting with us to discuss the loan limit situation in Utah County during the National Association of REALTOR® conference in May. As we mentioned and as the data below demonstrates, the housing market between the counties along the Wasatch Front is historically similar; the loan rates should also be similar. The Wasatch Front, as the area west of the mountains is called, runs north and south, not east and west like the Metropolitan Statistical Area (MSA) boundary. The map we left you is remarkable in demonstrating the fact that whether you’re analyzing population, economics, transportation needs, or housing, you would factor the Wasatch Front and the Wasatch Back as two separate markets. The use of the MSA is not a wise boundary to establish loan limits because it reflects commuting patterns and is not good for housing price comparables. Therefore, we seek immediate relief from the negative unintended consequences from the use of the MSA boundary. The huge loan limit disparity between Utah and Salt Lake Counties is placing down-ward pressure on our market and neutralizing the simulative benefit intended by recent Congressional action. Given that the Federal Housing Finance Authority has the administrative ability to adjust the loan limits, please adjust our limit to match that of Salt Lake County. We are prepared to demonstrate that without immediate relief, our market will continue to suffer. We have real-life gathered examples of lost deals and other negative impacts on our market. Our Congressional delegation is also prepared to provide whatever political support you might need. I recognize the administrative challenges to making these adjustments. However, please consider the real-life challenges and negative market impacts that will continue if you fail to act. Thank you for your prompt attention and please let us know if you have an questions or concerns. Sincerely, Taylor Oldroyd, CEO Utah County Association of REALTORS® Utah Salt Lake Davis Weber Tooele County County County County County Summit County 2005 165,000 175,000 168,000 127,500 134,500 728,892 2006 196,000 208,400 192,900 139,900 159,900 952,175 2007 222,000 230,000 220,000 156,479 190,000 1,105,824 2008 216,500 229,000 215,000 160,500 183,750 972,127 2009 207,300 224,000 209,500 160,000 174,950 1,223,644 RPAC Contributors We want to give a big thank you to all those that have contributed to RPAC Crystal R $2,500 - $4,999 Sterling R $1,000 - $2,499 Matt Barton Scott Murray Chris Nichols Taylor Oldroyd Kenny Parcell Mark Wilkinson Governor’s Club $500 - $999 Amber Burke Ned Chidester Kimberlie Kerswell Jill Rea James Rex Our RPAC goal this year is $64,831; we have received $31,276. Contribute today through the NAR website, call the UCAR office at 801-226-3777 to contribute by credit card, or stop by the office to drop off a check. Contributions are not deductible for income tax purposes. Contributions to RPAC are voluntary and are used for political purposes. You may refuse to contribute without reprisal and the National Association of REALTORS® or any of its state associations or local boards will not favor or disfavor any member because of the amount contributed. 70% of each contribution is used by your state PAC to support state and local political candidates. Until your state PAC reaches its RPAC goal, 30% is sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a; after the state PAC reaches its RPAC goal, it may elect to retain your entire contribution for use in supporting state and local candidates. Attention Spanish Speaking REALTORS® Siéntete Representado. UCAR tiene el placer de presentar una serie de seminarios-almuerzos comenzando Junio 22, Julio 20, Agosto 17 Y Septiembre 28. Estos estarán apuntados a los profesionales de bienes raíces internacionales y a los Americanos a enseñarles a cómo trabajar exitosamente con la comunidad hispana y otras minorías. La asociación reconoce el poder y el gran crecimiento de la comunidad profesional hispana y quiere ofrecerle una serie de cursos instructivos. Algunos de los temas que se tocaran serán: Como la UCAR puede servirte mejor? Que Cosas Quieres Ver en esta Organización? Hablaremos de la Diversidad, diferencias y similitudes culturales (Cultural Awareness & Diversity), Liderismo (Leadership), Oportunidades de Crecimiento (Opportunities) & Servicio (Service). Todos estos temas nos ayudarán a crear una UCAR donde todos sus miembros se sientan representados y en el que todos tengan las mismas oportunidades de crecimiento. Este será tu tiempo para expresar ideas y proponer soluciones. Staff and Board of Director Changes Not only did the Utah County Association of REALTORS® (UCAR) recently get a new building but they also got a few new staff members. Alexis Adams and Natalie Sterling are the newest additions to the UCAR team. Alexis Adams is the new Receptionist at UCAR and she is quickly learning the tricks and trade of the office. She is a native of Utah County and now resides in Provo. As the mother of an adorable almost 3 year old, Alexis stays busy but she makes time for camping and being outdoors. Real estate is very familiar to her as she previously worked at an appraisal office for over five years. Alexis can be found at the UCAR office every afternoon. Natalie Sterling is the new Education and Communications Director for UCAR. Recently married, Natalie is a graduate of Brigham Young University with a degree in Communications. She is a Las Vegas native but moved to Provo to attend school. With her father being a real estate appraiser in Las Vegas, Natalie grew up around the real estate business and enjoys being able to work with the members of UCAR. The Board of Directors also had some changes recently with Bruce Tucker taking over an open position. Bruce is a broker at Prudential Utah in Orem and he has been a member of UCAR for almost nine years. He will be the director liaison for the Government Affairs committee. UCAR is pleased with the new changes and looks forward to working with them. A Letter from the NAR President - HUD Guidance on Monetizing the Tax Credit; New Member Benefits Dear Fellow REALTOR® , I want to take just a few minutes to update you on some important developments on the regulatory front and highlight two excellent new member benefits. As you know, NAR held our first-ever Real Estate Summit during the Midyear Legislative Meetings in May. The event was a resounding success. Please take a few minutes to watch the video and listen to what top government officials and industry experts had to say about the challenges we are facing. http://www.realtor.org/meetings_and_expo/midyear_and_trade_expo/real_estate_summit As a direct result of our Summit, we have made progress on two critical issues: improving the short-sale process and HUD’s efforts to monetize the first-time homebuyer tax credit. My latest podcast includes updates on both topics. Please listen and send to your fellow members. http://www.realtor.org/about_nar/presidents_report/_podcast_archive/mcmillan_hudguidlines_20090602 Public Policy wasn’t the only hot news from NAR in May. We also unveiled two great new member benefits. First, the REALTORS® Federal Credit Union opened its “doors” and already has nearly 1,000 members. I encourage all REALTORS® to join today for low rates on auto loans and very competitive returns on savings. http://www.REALTORSFCU.org Second, NAR is now offering REALTORS® Core Health Insurance. This guaranteed-acceptance, limited medical insurance program is being offered at an affordable price for members in most states who are under the age of 65. Plans start as low as $70 per month and you have the freedom to choose your doctor and hospital. https://secure.sas- it.com/realtorcore/launch.aspx?roi Again, these are just a few of the ways we continue to work on your behalf. For updates on all of our efforts on the legislative and regulatory front – and for the latest on the Right Tools, Right Now program – please visit Realtor.org today. With your help, I have no doubt that we will continue to move forward, “United Toward Tomorrow,” in the months ahead. Sincerely, Charles McMillan, CIPS, GRI 2009 NAR President Don’t Forget to Take Continual Education Classes! To renew your license you must have a total of 12 hours of continuing education completed. Six of those hours must be CORE classes and the other 6 can be elective classes. UCAR offers classes each month at their office as well as online classes. Please go to visit the UCAR website to find out what classes we offer. **Reminder- To renew your license, you must have all classes completed by the 15th of the month in which you need to renew.** GRI – The Professional Edge Set yourself apart. Earn the designation that makes a difference and increases your income. The Graduate REALTOR® Institute (GRI) designation indicates to buyers, sellers, and other real estate industry professionals that you have made the commitment to provide a high level of professional service to your clients by securing a strong educational foundation. The next GRI class will be held on July 13 and 14. To register, contact the UCAR office at 801-226-3777. Other Events May 29-June 13 – Utah Valley Parade of Homes – This year there are 27 homes across the valley that you can tour. Tickets are $10 and are available at the UCAR office, AmBank, any Macey’s grocery store in Utah County and at utahparade.com.