January 24, 2003
FOR MORE INFORMATION ON THESE ISSUES CONTACT US AT 859-344-8400

 

BUSINESS ISSUES

AA Home Inspection Advanced Land Title Agency American Eagle Home Inspection Anchor Mortgage Lending, Inc Anneken & Moser, PSC Barnaclo Home Loans Bluegrass Title Broadview Mortgage Columbia Savings Bank Countrywide Home Loans First Horizon Home Loans Five Star Home Inspection, Inc. GMAC Guardian Savings Bank Harmon Homes Huff Realty Huntington Mortgage Group Kentucky Fidelity Mortgage

Kentucky Land Title Agency, Inc. Land America Commonwealth Lawyers Title of Cincinnati Lenders National Mortgage Morgan Financial Services Nielson & Sherry, PSC Northern Kentucky Title Principal Residential Mortgage Provident Bank RE/MAX Affiliates Sierra Home Loans Theresa Springer, Mortgage Loan Originator, 5/3 Bank Title First Agency Wells Fargo Home Mortgage

 

Thanks and appreciation to the sponsors of the 2003 Installation!!

 

LEGAL  
NEGLIGENT MISREPRESENTATION CASE ON LEAD ISSUE TO PROCEED                                           

 A listing broker who failed to disclose the presence of lead-based paint in a house that sold
must defend against negligent misrepresentation allegations by the buyer, the U.S. District Court,
Northern District of Illinois, has ruled. The broker argued he didn't know of the lead-based paint and so

 it didn't constitute a defect requiring disclosure. But the court said that the broker had a duty under
state law to disclose latent defects that it knew about or should have known about, and the presence
of lead-based paint was a latent defect that arguably the broker could be expected to know   

 about. To read a summary of this case in the Letter of the Law, NAR's online legal newsletter, Go To: 

 http://www.realtor.org/letterlw.nsf/pages/0103flowers2     

 

MEMBERSHIP

We would like to extend a warm welcome to our newest REALTORS® who have completed
the membership process:

Mark Adams, Huff-FL

Missy Adams, Huff-CC

Denise Arthur, Huff-CC

Patricia Brown-Rider, Sibcy Cline-FL

JoAnn Cornett-Cornett Real Estate

Anton Gabel, Huff-FM

Paula Gatewood, Gribben Real Estate

Joyce Gordon, Huff-FM

Robin Iseli, Huff-FL

Aaron Melton, Melton Real Estate

Paula Tretter-Kuehne, Sibcy Cline-FL

Lance Vest, Huff-FL
 

AFFILIATE’S CORNER

We would like to extend a warm welcome to Amerigroup Appraisals.  John R. Cornett and company
have just recently joined NKAR as affiliate members.

 

MLS ISSUES

New Subscription Fee for MLS Service

In February, all licensees will be receiving an invoice for MLS service.  The invoice will be $105.00 quarterly,
beginning in February for the 1st quarter of service.  Subsequent billings for 2003 will occur in April, June,
September, and again in December for the 1st quarter of 2004.  Beginning with the June billing, any agents
 not paid prior to the start of a quarter will lose access to the system. Please keep in mind that you will not
be paying this subscription fee in addition to the old participation fees, but in place of them.  Secretaries and
unlicensed personal assistants will not be billed.

 

NkmlsTalk Instructions

Think of NKmlsTalk as an online conference or town meeting. It is your opportunity to network and learn from
 others while improving your skills using E-mail -- the communication vehicle of the 21st Century.

As each person's message is posted to NKmlsTalk, it is immediately sent to everyone else on the List.
Some messages will generate a "thread" of discussion on the same theme. Other messages will start
discussions on different topics.
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M A I L  L I S T  I N S T R U C T I O N S

1. To post an original message to the list, address it to:
NKmlsTalk@InternetCrusade.com -Please include a short descriptive title in the Subject field,
 so others can quickly determine what the posting will cover.

2. To reply or comment to another posting you can hit your Reply feature (or similar command on
 your E-mail manager) in which case your post will be automatically addressed back to the list, keeping
 the same title in the Subject field.  When you use the Reply feature, some software will re-quote the entire
 message so please edit/delete all but a few key portions of the original message – please check this before
you hit SEND. Also, please do not send messages in html format – go to your e-mail software settings and disable
html format (use plain text or rich fine text instead); also disable your v-card if you use one – these tend to
cause coding symbols in printing your messages in the list serv.

 

3.  Please be considerate of other list members and keep your posts as concise as possible.
 Paragraph breaks make the message easier to read.  TOO MANY 'CAPS' IS CONSIDERED SHOUTING!!!

 

TECHNOLOGY

NKAR.com Gets a Makeover
Check out www.nkar.com for all the latest changes an Updates. Including Easier to read text, improved menu system, updated Information, Friday Facts Archive (starting This Week), REALTOR® store, and easy to use calendar.
Friday Facts gets a Facelift!

The New and Improved Friday Facts Includes an Easier to Read Format And the ability , Starting With this issue, to go back and look at Friday Facts of the Past on www.nkar.com