GNAR News – February 19, 2014

Next Member Meeting is March 6

No meeting tomorrow, enjoy the remainder of this February school vacation week.   Be sure to mark your calendar for March 6 meeting at GNAR.  Please join us for coffee and refreshments by 8:45am.  Speaker starts promptly at 9am.  We look forward to welcoming the newly elected Mayor of Amesbury to learn about the happenings about town.

News Notes from NAR

FREE 2014 Short Sale Training Event: Get More Listings & Faster Closings! Get pre-approved short sale listings directly assigned to you. Chase, BofA, Wells. Become a Lender Preferred Short Sale Agent. FREE Short Sale Event. Warning: First 700 agents only. Register now!

FHA Allows More Electronic Signatures
On January 30, 2014, HUD announced that it will now accept electronic signatures on most documents involved in FHA mortgage insurance, mortgage servicing, loss mitigation and FHA insurance claims.  The HUD Announcement came two days after NAR convened a second Electronic Signatures Summit meeting, bringing together three dozen representatives of government, lenders, real estate and related industries and electronic signature vendors to discuss ways to foster greater acceptance and usage of electronic signatures, which were first authorized by federal law in 2000.  The FHA announcement gives a major boost to that ongoing effort and will serve as a model for other actors in the mortgage arena.

Videos Look at Changes for 2013 Tax Filings
Your members can learn about the new home office safe harbor and a higher per-mileage deduction that can help them lower their 2013 tax bill in two videos released this week. Also, they can learn about changes that impact higher-income households, including the new 39.6 percent tax bracket, higher long-term capital gains and dividend taxes, and the 3.8 percent net investment income tax that goes into effect.  The videos feature NAR’s tax analyst Evan Liddiard, who sits down with tax advisor Peter Baker to talk about these and other tax changes important to real estate practitioners.

Have You Ever Tried NAR HouseLogic?
Free Consumer Content: Homeowner’s Tax Guide
The latest free content for your websites, blogs, social media pages, and print resources from HouseLogic’s REALTOR® Content Resource looks at homeowner tax issues.

Brochure Offers Answers on Appraisals
Gain insight into the residential appraisal process with “Residential Appraisal Process: FAQs for Agents,” a brochure available for free as a download (item E135-96) or for purchase as a customized PDF or in hard copy using NAR’s print-on-demand application at the REALTOR® Store. The brochure was developed by NAR’s Real Property Valuation Committee to provide clarification for practitioners and consumers about the appraisal process and address such questions as whether practitioners can speak to appraisers and what information should be supplied to appraisers.

From The MAR Report . . . 

REALTOR confidence in the January market generally positive, but still a little mixedPosted: 19 Feb 2014 09:07 AM PST

With low inventory and prices continuing to go up, REALTORS® feel confident about prices according to the results of the January 2014 REALTOR® Price Confidence Index. However, a lack of inventory is also pushing REALTOR® confidence in the market down  according to the January REALTORS® Marketing Confidence Index. With interest rates ticking down, and home equity returning a little bit each day, everyone is looking at homeowners to make the decision to get into the market.

Here are the January 2014 Highlights:

  • The RMCI went down compared to January 2013.
  • This is the third straight monthly year-over-year decrease
  • The PRCI has been up for 24 straight months compared to the same month the year before
  • The RPCI was over the 70-point mark for the 11th straight month

Hot Topic:

The January Hot Topic question asked REALTORS® if they (or anyone in their office) has been involved in a home sale transaction in which metals (e.g. copper pipe, wiring, cast iron, siding, etc.) had been stolen from the home.

Click link to read the full release: January 2014 REALTOR® Market Confidence Index and REALTOR® Price Confidence Index

Data points:

  • REALTOR® Market Confidence Index in January was 59.8 Down 7.99% from the same time last year
  • REALTOR® Market Confidence Index in January was Up 13.63% from December 2013
  • REALTOR® Price Confidence Index in was 76.96 Up 1.56% from the same time last year.
  • REALTOR® Price Confidence Index in January was up 2.08% from December 2013.

February Member Mixer next week

Ten Center Street – Taco Thursday

The Affiliate Committee would like to invite you to a casual mixer of GNAR members to be held the last THURSDAY of every month from 5:30-7pm.  The location will rotate and any great suggestions for the place should be directed to our new Affiliate Chairperson, Bob Pezzella.

February Mixer Details —
On February 27, 2014, GNAR members and affiliates can mingle at Ten Center Street for an after work cocktail.  Thursday’s are Taco Night at Ten Center.  Come enjoy a light snack and beverage, enjoy the conversation with your fellow industry members.

  •  Flash fried haddock, sharp cheddar cheese, shaved red onion, and Cajon remoulade
  •  Sashimi style tuna, Wakame seaweed, spiced ginger drizzle, and tempura crisps

Either option is regularly $13, just $5.00!

Professional Development 

Next Week – Monday, February 24, 2014 

Did you know that you may be eligible to take the Code of Ethics for the NAR requirement again?  We are now in Quadrennial 4.  Quadrennial 3 ended on 12/31/2012.  Click Here:   Enroll Today for February 24 
 

About the NAR Training Requirement

REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time within each four-year cycle. The training must meet specific learning objectives and criteria established by the NATIONAL ASSOCIATION of REALTORS®.

The current four-year cycle began on Jan 1, 2013 and will end Dec. 31, 2016.

Training may be completed through local REALTOR® associations or through another method, such as home study, correspondence, classroom courses, or online courses.

 

Join us next Monday, 2/24, at GNAR when Kathy Roosa will be instructing Code of Ethics (8:30-11:30) and NH Core (1-4pm).  

Earn CEU’s for NH and MA in Code of Ethics or for the NH Core (required for all NH agents renewing).  Both classes run 3 hours and a light lunch will be provided for those attending both sessions. 

Thank you to Michael Behan of Envoy Mortgage for sponsoring this day of education.  

MLSPIN Training
Register for these classes below or when you are logged into MLS PIN.  Visit the home page and TRAINING AND REGISTRATION.  Full descriptions can be found by clicking on SIGN UP.
Getting Started: Contact Management Greater Newburyport Association of REALTORS® 02/25/2014 9:30 AM Sign Up
CMAs and Market Reports Greater Newburyport Association of REALTORS® 02/25/2014 12:30 PM Sign Up

 

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