the board reporter · realtors® april business conference in chesterfield, and this week i...
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The Board Reporter
MAY, 2014 LAKE OF THE OZARKS BOARD OF REALTORS® 573-374-6646 VOLUME 22, ISSUE 5
Well it’s May already, Wow this year is flying by! Last week I attended the Missouri REALTORS® April Business Conference in Chesterfield, and this week I attended two days of RE/MAX Training in Lake Ozark. My little brain is so full of knowledge
and good ideas, I am having trouble sorting it all out! While at the April Business Conference, I attended the Communications Output Group. The main topic of discussion was merging the way we use theLanding.net MissouriRealtor.org, the Ramco site and Online Forms. I have always thought The Landing was difficult to maneuver around in and it left me frustrated trying to find
what I was looking for. I was used to searching the MissouriRealtor.org site to find the resources I needed, but lately have found the information posted on the site to be way outdated. We can use the Ramco site to pay NAR, MAR and LOBR dues online and sign up for classes and events. The Output Group discussed what to keep on these sites and what was outdated and needed to go away. The goal was to make these sites more user friendly and to allow the Agent to log in with one user name and password and be able to use all of these sites and features. I hope
they implement all the great ideas the Group members had and I look forward to seeing the upgraded product.
I also attended the Residential Forms Output Group and we had a CFPB (Consumer Financial Protection Bureau) Update by Wendy Cromer of Security Title Insurance Agency. The CFPB was created by the Dodd Frank Act and is the Bureau that is making the changes to mortgage loans. She discussed the 3 page integrated
disclosure for Reg X (RESPA) and Reg Z (Truth-in-Lending) and we also viewed the new Closing Disclosure form that replaces the HUD-1 on or before August 1, 2015. These forms are so different from what we are used to and it will be a challenge at first, but I think they will be easier to understand once we are more familiar with them. One thing that stuck in my head about these new regulations is the Closing Disclosure must be given to the buyer 3 days prior to closing. Wendy Cromer said if
your closing is on Friday, the Closing Disclosure will need to be given to the Buyer the previous Monday, to meet this requirement. Go to these links to view samples of these new documents:
http://files.consumerfinance.gov/f/201403_cfpb_loan-estimate_fixed-rate-loan-sample-H24B.pdf http://files.consumerfinance.gov/f/201403_cfpb_closing-disclosure_cover-H25B.pdf The last night of the conference was the 7th Annual “Marge Pfaff” RPAC-MO Auction.
Some of the items auctioned were concert tickets, MIZZOU Football tickets, a Florida Vacation, TV’s, Golf Packages, Jewelry and much more. REALTORS® are sometimes crazy and love to have a good time and the items seemed to go pretty high. They even auctioned 8 boxes of Girl Scout Cookies that went for $150.00 a box! An Agent at a nearby table bought one of the boxes and shared cookies with our table. That was my first $7.50 cookie!
Enjoy the May Flowers and I hope to see everyone at the Un-Meeting at Old
Kinderhook on May 20th. Beth Riggins
PRESIDENT’S LETTER
Beth Riggins, 2014 LOBR President
You won’t want to miss this – an Un-meeting on May 20,
2014. By now you know that an un-meeting is a great
time! No agenda, no business, no program, just some
social time with food and fun.
This month’s Un-meeting is being held at Old Kinderhook
and is being sponsored by Old Kinderhook. There will be
an appetizer buffet and each person will receive one free
drink ticket. Thanks, Old Kinderhook!!
Hope to see you there. (And if you want to mark your calendar for more fun in June, Helen Riggins will be sponsoring the next Un-Meeting at the Flying Tortoise on June 24)
MEMBER UPDATES NEW MEMBERS Kim Graham, Lehmann Realty
Thomas Schupp, Schupp Appraisal Services LLC Cindy Bell, Lake Buy Realty Joy Frederiksen, Lake Buy Realty NEW OFFICES Schupp Appraisal Services LLC
NEW AFFILIATES
Schultz Surveying & Engineering Wells Fargo Mortgage MHQ Financial Services REACTIVATED
Jamie Lux, Integrity Appraisal DROPPED Matt Oddo, Jason Whittle All Pro
UN-MEETING!! May 20, 2014 5:30 – 7:30
The Trophy Room at
Old Kinderhook
God grant me the serenity
to accept the things I cannot change;
the courage to change the things I can;
and the wisdom to know the difference.
Have the courage!! – you CAN change things!
Attend meetings, read the emails, respond to the surveys, serve on a committee or two, say “yes” when you are asked to accept a position on the board of directors, participate in discussions, voice your opinion, vote. These are all things you can do to be more involved. By being involved, you CAN make a difference and you CAN help make “change” happen.
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
Certificates were presented at the Awards Dinner on April 15, to the following:
First Time Million Paul Hannigan Randy Bowling Jeri Dall Ronette Edgar Bret English Ethan Leigh
Non-Assisted Silver Phyllis Flinn Dennis Ohde JoAnn Fry Pamela Crews Ron Slaughter Evva Cason John Stathopoulos Ronette Edgar Becky Lister David O’Neal Dan Kusgen Scott Martin Susan Stoltman Ethan Leigh Dianne Conner
Non-Assisted Gold Sheri English Lana Andersen Norma Morrison Linda Eldridge
Non-Assissted Platinum Jan Hall Diana Sutherland Sue Rosen Chuck Burns Deb Brayton Helen Riggins
Assisted Gold Kevin Winters
Assisted Platinum John Gibson Nancy Rogers Jason Whittle
Rookie of the Year Ethan Leigh
A BIG Thank You to Bank of Versailles for providing
frames and to Ron Duggan for providing the DJ!!!!
And thank you to those who were brave enough to ride the ponies –
Congratulations to the Production Award
Winners!!
Committee Chairs
Award/Programs
Dave Schulz
Education
Ellen Tietmeyer
Finance
Barb Stockwell
Legislative/Bylaws
Mickey LaFerla
MLS
Kevin Winters
RPAC
Nancy Rogers
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State Director Report – Mickey LaFerla
Mo Realtors Business Conference April 2014
PROPERTY MANAGEMENT SECTION
This meeting we had a guest speaker, Matthew Mraz. Matthew is an investigator
for housing law violations for Housing and Urban Development. Matthew
provided us with information regarding who is the protected class, what is
prohibited, what housing is covered, and what housing is exempt. Matthew
reminded us of the definition of steering and pointed out that when an
investigation arises they will always look to the intent of the party. That often
times it isn’t the overt statements that get us in trouble but the subtle actions that
lead us down the road to ruin. Matthew spent quite a bit of time discussing the
types of discrimination against persons with disabilities and what reasonable
accommodations need to be made on their behalf. Something I learned is that if a
tenant makes a request to a maintenance worker that would be treated as
“notice”. So you want to make sure you have a good communication program set
up between you and your maintenance people so that you are made aware of any
requests made by tenants as quickly as possible. Matthew’s handout was very
helpful reminder and I have attached it for your reference.
COMMERCIAL OUTPUT GROUP
The first part of the meeting was spent finalizing Commercial Day in October at
Missouri University in Columbia, Mo. This will be a very informative and fun-
filled experience. I recommend anyone wanting to learn more about the
commercial industry to attend this program.
Following the business meeting we heard from Mike Downing, Direction of
Missouri Department of Economic Development. Mike provided us with an
overview of some of the fastest growing businesses in Missouri. Did you know that
Branson has more theater events than Broadway? Some of the things
corporations look at when wanting to relocate their businesses to Missouri are
health care costs, taxes quality of life, and school systems. Mike pointed out that
Realtors are in the center of the action as is their clients who own the property,
buildings, and the homes and in some cases, our clients are even the prospective
business. I encourage you to visit the website www.ded.mo.gov to learn more
about what is done to attract new business to our state and ways that Realtors
may be able to help.
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Lake of the Ozarks Board of REALTORS
Board of Directors Meeting, April 9, 2014
The meeting was called to order by President, Beth Riggins at 9 a.m.
Present: Beth Riggins, Kevin Winters, Nancy Rogers, Barb Stockwell, Bill
Johnson, Phyllis Flinn, Vicki Brown, Susan Stoltman, Mickey LaFerla,
Anita Horn, and Linda Yelton.
Not Present: All were present
The minutes from the March 12, 2014 board of directors meeting were
approved.
MLS Committee Report Recommendations
A motion was made, seconded and passed to approve the following MLS
committee recommendations:
Deny request to make the "rental" changes to "Residential" that
were made in "Condos."
Add option to transfer photos when cloning a listing.
Use 3 free programming hours to make changes for clarity to
various assessment fields.
Deny request to add a policy to regarding requirements in the Legal
Description. Suggest posting something on MLS bulletin board that
property address and legal description are not always the same
thing.
Post a MLS bulletin to make agents aware that "Project Name" is
not part of the listing syndication feed, so if they want it known,
they should post it in their public remarks.
New Offices: No new offices.
New Members: A motion was made, seconded and passed to accept the
following new members:
Jeffery Winters, RE/MAX at the Lake
Troy Meyer, Jason Whittle All Pro
Donna Meyer, Jason Whittle, All Pro
Melaine Bohning, Reece & Nichols at the Lake
Melinda Molinar, Jason Whittle All Pro
Apply Connect (tenant screening): Apply Connect will not agree to putting
a 30-day non-contingent cancellation clause in their contract. A motion
was made, seconded and passed not to participate in their program.
NAR Required Revisions to Board Bylaws: Linda advised the directors of
the following required revisions:
National Institute Affiliate Dues split change
National REALTOR Emeriti definition changed to included NAR
Past Treasurer
A motion was made, seconded and passed to incorporate the changes.
NAR required revisions to MLS Rules & Regs. Linda advised the board of
the following revisions:
Delete Section 16.2.10 regarding the display of IDX information by
real estate franchise organizations.
Revise definition of IDX, rewording throughout the entire IDX
section to broaden the scope from "website" to "electronic display."
A motion was made, seconded and passed to incorporate the changes.
Board Website: Bill handed out proposals for a new website from Team 55
Creative and MSW Interactive Designs, encouraging the other board
members to look them over and reiterating his position on the importance
of a good website. Keith Lucas of Team 55 Creative gave a brief
presentation regarding his company. MSW Interactive Design will be at
the May board meeting.
Affiliate Tiers: Beth and Nancy presented a spread sheet addressing four
tiers of affiliate membership with suggested benefits of each tier. The
board members were asked to suggest a monetary value for some of items
on the list.
Results of Un-Meeting Survey: Linda reported that the comments were
positive overall: good food, fair priced drinks. Negative concern was the
cigarette smoke. No suggestions
for a better name for the meetings so we'll stay at "Un-Meeting."
WCR SOCK HOP: Nancy reported that this will be held May 30 at the
Grand Glaize Inn. Cost is $25 per person for appetizers and a drink ticket.
Meeting adjourned at 10:05 a.m.
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LAKE OF THE OZARKS BOARD OF REALTORS
MEMBERHSIP MEETING
APRIL 15, 2014
The meeting was called to order by President, Beth Riggins, at 6:30 p.m.,
and she led the Pledge.
Beth welcomed the affiliates and also welcomed Adam Davis, Regional
Advocacy Coordinator for RPAC.
Beth thanked Sunrise Title for providing the DJ for the evening; Bank of
Versailles for providing the frames for the award certificates, and Andrew
Connor from Bank of Sullivan for donating 3 gas cards for door prizes.
Nancy Rogers announced the names of those member who have donated
$100 to RPAC and those who have pledged to be major donors.
The minutes of the February 18, 2014 membership meeting were
approved.
New members were inducted.
Adam Davis spoke about RPAC and thanked our board for its support.
Beth thanked Dave Schultz, Awards/Program Committee Chairman for his
work in putting together the awards banquet and introduced Kevin
Winters as MC for the presentations.
Nancy Rogers informed the members about the WCR Sock Hop being held
in May.
The winner of the final and championship horse race was Nancy Williams
who won a mini I-Pad.
With no further business, the meeting was adjourned at 8:30.
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WCR Rockin’ Sock Hop, Friday, May 30, 6-10pm, Inn at
Grand Glaize. You can get tickets from Nancy Rogers,
374-1331.
Golden R - $5000
Crystal R - $2500
Sterling R - $1000
Leadership - $500
$100 Club Bob Carson Bob Kupfer Susan Stoltman
Linda Eldridge Mickey LaFerla Diana Sutherland Sheri English Norma Morrison John Stathopoulos Phyllis Flinn Denny Ohde B Ann Walker Anita Horn Beth Riggins Jason Whittle Bill Johnson Nancy Rogers Kevin Winters
Investor - Minimum of $15 Gary Bachman Steve Horn Randall Roelofsz Jennifer Bachman Bill Johnson Jim Rogers Gert Baldwin Sue Kupfer Jennifer Schanuel Mike Bemboom Dan Kusgen Karen Schulte Mike Benne Louis Laboile Dave Schulz John Berlette Jarad Lanham Barb Stauch Randy Bowling Ethan Leigh Don Stauch Bruce Brenon Becky Lister David Stephens Vicki Brown Cindy Manislovich Barb Stockwell Don Cahail Sally Marshall Don Stoll Jeri Dall Bill McEntyre Nicholas Sutterer John Effertz Chris Mehrens Jarod Taylor Bret English Sherri Moe Kenny Teeple Jimmie Lee
Farmer Ed Morrison Ellen Tietmeyer Bill Finke Ken Nicholson Gayla Welsh Bev Gibson David O'Neal Nancy Williams John Gibson Jackie Paris Al Wilson Kathy Hagan Boomer Potts Karri Wiltfong Judy Hale Dwight Purvis Jeff Winters Jan Hall Demi Rice Crickett Wolfe Paul Hannigan Gary Richards Loren Woodard Ted Harmon Maggie Richards Linda Yelton Brian Hoover Helen Riggins Karen Zarky
Please consider joining this growing list of 2014 RPAC contributors. The REALTOR® Party is dedicated to protecting property rights and protecting your business.
REALTOR® PARTY
CORNER 2014
Education
Classroom-
May 6 & 7 in St Robert, 573-336-7225 May 13 & 14, Resort
at Port Arrowhead,
417-255-1840 September 4 & 5 at our board office. Registration not yet open – coming soon!
Online Ce- http://lobr.theceshop.
com
April 28, 2014
April Activity
LOBR (CB 124 Checking)
Balance Reported March 28, 2014 $43,412.72
Income $26,776.07
Expense -$27,217.03
Balance April 28, 2014 $42,971.76
Total Cash On Hand as of April 28, 2014:
CBOLO 126 CD $36,071.72
CBOLO 128 Cash Management $9,834.40
CBOLO 124 Checking $42,971.76
Subtotal $88,877.88
BOV Cash Mgmt $507.62
BOV 127 Flex Account $16,676.98
Subtotal $17,184.60
TOTAL $106,062.48
Cash Liabilities as of April 28, 2014:
Payroll Taxes Payable -$1,201.30
MAR, NAR, StateProfStds, Ppd Local
Apx. 2014 Principle Payable -$9,000.00
Total Cash Liabilities -$10,201.30
NET CASH TOTAL $95,861.18
Lake of the Ozarks Board of Realtors, Inc.
Monthly Financial Status Report