NKAR Friday Facts

NKAR NEWS

SAVE THE DATE!!!!

The Northern Kentucky Association of REALTORS® &The Northern Kentucky Multiple Listing Service Invites You To Our

2009 Annual Installation of Officers and Directors

Click for details

For Sponsorship information please call Judy Ball at NKAR 859-344-8400

YOU ARE INVITED

ANNUAL REALTOR@ / AFFILIATE BREAKFAST
December 3, 2008
FREE TO ALL REALTOR@ MEMBERS OF THE NORTHERN KENTUCKY ASSOCIATION OF REALTORS@ INC.
FEATURED SPEAKER
JOHN TOELKE

Click for details

EDUCATION AT NKAR

Education Opportunities coming to NKAR

Click here NKAR CE Schedules for remainder of 2008

“WORK WITH AN AFFILIATE FIRST!”

for a list of affiliate members click here

Affiliate Spotlight

Kentucky Land Title Agency

Triple Crown Level

for more info on Winner's Circle Affiliate benefits click here

HELP A HEART

BENEFIT FOR JOHN "TONY" RIEGER

Saturday, October 25, 2008

MLS NEWS

MLS Enhancement Coming Monday 10/27

Property History Improved and Expanded

Listing owners (listing agents, co-agents or brokers) can now see a more detailed property history for their listings. The following types of changes have been added to the Property History page:

Map Pin Placement

Pictures (adding, deleting, and modifying the sort order or description)

Attached Documents (adding, replacing or deleting a document)

Picture Provided By (modifying the selection for this field)

In addition, the Change Type field now provides a description of each entry. Previously, this field indicated only Price or Status changes, remaining blank for other changes. The system now displays change types, such as:

Pictures*** Attachments*** Open Houses*** Units*** Map Pin*** Picture Provided By*** Field Changes

NOTE: As before, if you are NOT the listing agent, co-agent, or broker for a listing, the Property History page displays changes in status or price only.

NAR NEWS

Managing through a Recession

by Lawrence Yun, Chief Economist, NAR Research

Well, it’s time to talk about the “R” word again. However, there have been some positive developments. In his commentary this month, NAR Chief Economist Lawrence Yun discusses some of the trends to watch as we navigate through these challenging economic times.
Read more >

Local Market Price Reports Updated

NAR Research is releasing its third annual installment of its Market Price Reports. These reports cover 150 markets from every region of the United States and provide background on the housing market and economy for each of them.

NAR Responds to Fannie, Freddie Conservatorship

What does the federal takeover of secondary mortgage market companies Fannie Mae and Freddie Mac mean to your members' business? Access an FAQ from NAR Government Affairs and other material to learn the impact of this sweeping governmental intervention in the mortgage market.

HUD Won't Commit to RESPA Withdrawal

HUD is studying comments to its controversial proposed rules for reforming federal settlement procedures and says it's modifying some provisions, the agency tells House members. Spurred by NAR and other industry groups, a majority of House members have asked HUD to withdraw its rulemaking, but in its letter to House members HUD doesn't commit to that.

RESPA Enforcement Detailed in Podcast

Attorney Marx Sterbcow discusses recent investigations into violations of the Real Estate Settlement Procedures Act (RESPA) by HUD

REALTORS® Required to Complete Ethics Training for Second Cycle -- Deadline December 31, 2008

Between January 1, 2005 and December 31, 2008, every REALTOR® is required to complete 2 1/2 hours of Code of Ethics training. REALTORS® who have completed this training as a requirement of membership in another association are not required to complete additional ethics training until the next four year cycle.

Associations are required to provide access to such training. Failure to comply with this required ethics training is a violation of a membership duty for which the member’s primary association will suspend membership until the training is complete.

There is also an accompanying ethics orientation training requirement for REALTOR® applicants that must be satisfied after applying for membership.

USEFUL URL'S
NKAR Staff Directory	NKAR Education Schedule
www.nkar.com/contactus	www.nkar.com/ce
MLS Links	National Association of REALTORS®
www.nkar.com/docs/nkmls_local_links.htm	www.realtor.org
Internet Member Services	Kentucky Association of REALTORS®
http://ims.nkmls.com	www.kar.com

Please Provide Information for Future Friday Facts and Comments to
Cindy Dobias at 859-344-8400 or email to cdobias@nkar.com