vpar july 2013 realtor update

No REALTOR ® Update July 2013 - page 1

REALTOR® UpdateJuly 2013

Published by the Virginia Peninsula Association of REALTORS®

Flood Insurance Reform Act of 2012

In July 2012, the U.S. Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12) which calls on the Federal Emergency Management Agency (FEMA), and other agencies, to make a number of changes to the way the National Flood Insurance Program (NFIP) is run. Some of these changes already have occurred, and others will be implemented in the coming months. Key provisions of the legislation will require the NFIP to raise rates to reflect true flood risk, make the program more financially stable, and change how Flood Insurance Rate Map (FIRM) updates impact policyholders. The changes will mean premium rate increases for some—but not all—policyholders over time. Homeowners and business owners are encouraged to learn their flood risk and talk to their insurance agent to determine if their policy will be affected by BW-12.

Find out more at www.fema.gov and mark your calendars for August 22nd at 10:00 am for an update on all Flooding changes.

Diamond SponsorsAtlantic Bay Mortgage - (757) 874-6040

Platinum SponsorsMonarch Mortgage - 757-291-4004

Real Estate Information Network (REIN) - 757-531-7900

Gold SponsorsFidelity Bank Mortgage - 757-597-0431National Exterminating - 757-599-3621

PNC Mortgage - 757-599-6882PrimeLending - 757-344-3366

SunTrust of Hampton - 757-896-4982 Towne Bank Mortgage - 757-687-5005

Silver SponsorsC&F Mortgage - 757-873-8200

Commonwealth Exterminating Co. - 757-873-2030Fulton Mortgage Company - 757-873-0435

Movement Mortgage - 757-585-4941 Pillar To Post - 757-564-4454

Bronze SponsorsDaily Press - 757-247-4891

NARPM - 757-876-0284 Old Point Mortgage - 757-876-5681

Peninsula Title - 757-595-2536ServPro of Hampton - 757-560-0757

Shaheen Law - 7567-369-2831Wells Fargo Home Mortgage- 757-873-3308

No REALTOR ® Update July 2013 - page 2 No

Support your Affiliate Partners Today!A very special thank you to the following Partners

Your Member Service with FEET! Check Out Our Tech Department. VPAR offers our members fantastic tech support via our tech guru, Rich Benet. Along with giving general advice, we provide computer repair services at 30 to 50% less than what most tech stores

charge. So, why not try us? Contact Rich Benet at 757-599-5222 or [email protected].

No No REALTOR ® Update July 2013 - page 3

Advertising PolicyWhile this magazine makes reasonable effort to establish the integrity of its advertisers, it does not endorse advertised products or services unless specifically stated. The publisher reserves the right to reject any advertisement at anytime. Advertisements refused may include, but are not limited to, those that are legally questionable, that may support products or services of questionable stan-dards, or that are inconsistent with the high professional standard of the Code of Ethics of the Association. Advertising is open to

REALTOR® members, member firms, affiliate members and non-members. Product advertising is limited to residential subdivisions, commercial, or industrial units and real estate related products and services, excluding personal listings.

Equal Opportunity PolicyVPAR is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity. The Association encourages and supports an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race,

color, elderliness, religion, sex, handicap, familial status, or national origin.

NoticeVPAR does not fix, control, recommend, suggest, or maintain commission rates or fees for services rendered by cooperating

members or non-members.

EditorDana R. Holben, RCE, e-PRO

REALTOR® Update is published monthly by the Virginia Peninsula Association of REALTORS® as a service to its membership. Cor-respondence and requests for advertising packets should be mailed to REALTOR® Update, Attention: Dana R. Holben, Editor, 1001

North Campus Parkway, Hampton, VA 23666 or call VPAR at (757) 599-5222 or e-mail at [email protected].

REALTOR® UpdateThe Official Publication of the

Virginia Peninsula Association of REALTORS® Officers

PresidentPamela McKinney Lewis, ABR, SFR

President-ElectKimi Dornan, ABR, GRI, SFR

TreasurerChandra Patterson

Immediate Past PresidentSheila Dann, ABR, GRI, SFR

Directors Carl Burt • Carol Davanay, ABR, GREEN

Theresa Embler • Dewey Hutchins, Jr.Chris Pray • Diana Rondinelli

Regina Scott


ow do I Pay Thee? [ Procuring Cause—will you get paid?

NAME: ________________________________________________________

FIRM: ________________________________________________________

ADDRESS:_____________________________________________________

CITY: _______________________ STATE: _______ ZIP:__________

PHONE:________________________________________________________

E-MAIL:________________________________________________________

Method of Payment: Check_______ Credit Card______ Credit Card # ____________________________________________________

Exp. Date ________

Signature _______________________________________________________

Your signature indicates acceptance of VPAR registration policy and authorization of credit card charges.Program or activity fees on reservations that are cancelled 48 hours before a program or activity date are fully refundable. Written cancelations not received within 48 hours before programs or activities are nonrefundable.

July 15, 2013 ~4-6 pm 2 hours Pending CE/PLE in Real Estate Related Subjects

Procuring Cause?! What you don't know can cost you serious money. In the unique language of real estate, “Procuring Cause”, as defined by the National Association of Realtors, is “the uninterrupted series of causal events that leads to a successful transaction.” In plain English, it's the method to determine who rightfully deserves a real estate commission for bringing about a sale. What it means to the home buyer or seller is that a real estate sales person with little or no participation in a deal can claim a commission from either the buyer or seller or both.

CE /PLE credit—$20 Non‐Members—$25

Register at members.vpar.org

or Call the Board office

757‐599‐5222

VPAR Office 1001 North Campus Pkwy Hampton, VA 23666


Summer 2013 is in full swing! Things are sizzling here at our Association of REALTORS®: Our Public Policy committee is hot to trot on RPAC fundraising - Don’t forget to contribute, your business depends on it. The Member Relations committee is working hard to host a fantastic family baseball outing - I can’t wait to meet everyone’s family. It is that time again to pay both VPAR annual dues and key box fees. Our CEO & staff are working hard to help in solving and assisting with problems we may have with our new Avectra system - Tell the staff how much you appreciate them! The Nominating committee is making great strides with getting the word out about applying for the 2014 VPAR Board - If you or if you know someone interested in applying, please encourage them! I have been on the Board for six years and I continue to learn much about our Association. We need you! Last but not least, we wouldn’t have an Association unless we had YOU, so don’t hesitate to get involved with your Association, plan to participate in our July events and to be in attendance at our education classes.

Enjoy the shade when you can find it!

Pamela McKinney Lewis, ABR, SFR & REALTOR®, Property Manager

President’s Messageby Pamela McKinney-Lewis, 2013 VPAR President


VPAR, 1001 North Campus Parkway, Hampton, VA 23666

Register online : members.vpar.org QUESTIONS? CALL 757-599-5222 *Cancellations must be received within 48

business hours before the course to receive a refund. On-site late registration fee is $15

Members; $20 Non-Members. Please notify us in advance if you have a

NAME:

FIRM:

ADDRESS:

MEMBER#:

CITY: STATE:

ZIP:

PHONE:

E-MAIL:

Method of Payment: Check_______ Credit Card______

Credit Card #

Exp. date

Signature

Name on Card_____________________________

(Your signature indicates acceptance of VPAR registration policy and

authorization of credit card charges.)

COURSE & REFRESHMENT SPONSOR:

Thursday,

July 18th 1:00 —2:00 pm*

PRESENTED BY: Craig Davenport, Architectural Photographer and REALTOR®

*Stay after class- free lab workshop with VPAR Tech Director Rich Benet*

Importance of photography in real estate

Tips for Better photography

Affects of Bad MLS Photos

Sellers are asking for good professional quality photos of their home

Consider where your photos are going

How to shoot better photosBring your P.C. and images to learn how to set up a virtual tour, upload to the MLS & Social Media sites at the end of class!

pending 1 hour

CE/PLE

$10 members or $15 non-members

Remember that photos rank at the top of

importance for the majority of homebuyers

The Federal Housing Adminstration wants Congressional authority to trans-fer an FHA-insured mortgage to another servicing shop whenever a loan poses a threat to FHA’s mutual mortgage insur-ance fund.The plan, which FHA Commissioner Carol Galante proposed in written testi-mony before the Senate Committee on Appropriations, comes with a few inher-ent risks – namely the risk that Ginnie Mae could be adversely impacted by sudden transfers of FHA-insured loans underlying Ginnie Mae securities, said

K&L Gates attorneys Laurence Platt and Kathryn M. Baugher, who issued a report on the proposal.The attorneys explained in a research note, “The risk of FHA forcing a transfer of servicing may dilute the value of the contract right to service, because the servicer may be forced into a distressed sale, particularly if the required time period for the transfer is short.”Yet, Galante proposed the plan on the grounds that a transfer should occur when a ser-vicer is either at or below a servicer-tier ranking score of III or when it’s necessary to pre-serve the mutual mortgage insurance fund.If either of those conditions are met, Galante would like the FHA to have an option of trans-ferring a loan from one servicer to a specialty servicer or the ability to require a servicer to enter into a sub-servicing arrangement with an entity designated by the FHA. Another option would be requiring a servicer to contract with a third-party to assist with loss mitiga-tion issues.The idea is to prevent the FHA from facing losses tied to poor servicing.Given the proposals potential impact on Ginnie Mae, K&L Gates suggested the plan should be considered carefully.“While a requirement to transfer servicing is a less drastic alternative than the loss of FHA approval from the perspective of an approved mortgagee, the inability to realize fair mar-ket value for the mortgage servicing rights in question could have a significant adverse effect on a servicer,” K&L attorneys wrote.“We would hope that any proposed legislation in this area would not authorize FHA to impair valuable mortgage servicing rights without, at a minimum, building in robust due process protections and standards of materiality or material adverse effect.”By Kerri Ann Panchuk, HousingWire


FHA wants authority to transfer loan servicing to prevent risk of losses


Risk Management Corner

How Do I Pay Thee?* By Brian Lytle

How do I pay thee? Let me count the ways.I pay thee to the depth and breadth and heightYour procuring cause can establish, when dealing out of sightFor the ends of splits and ideal closings.I pay thee to the level of comp offered in MLSBut only upon procuring cause, not by sun and candlelight.I pay thee freely, as I strive for sales;I pay thee purely, as your deal is closed.But only if you are procuring cause, not just because I might.I pay thee with a passion put to useIn my old griefs, and with my broker’s faith.But only if you are procuring cause, not just for one day showings.I pay thee with commissions I seem not to loseEven with my short sales, --- I pay thee with the breath,Smiles, tears, of all my life! --- and, unless VPAR choose,I shall pay thee, but only if you are procuring cause

A selling agent is only entitled to compensation if he or she is the procuring cause of the sale, which promise arises from the offer of cooperation and compensation in the listing, which must be specified and may not be assumed. Also, note that you must be a member of the listing service to claim that offer of cooperation and compensation.

My experience has been that agents generally understand the notion of procuring cause, but they lose sight of that requirement when they take on a buyer who has already viewed and seen the property and now wants to be represented in the negotiation. Representation and compensation is not the same thing! The buyer has every right in the world to be represented by an agent at that point, and the agent has every right in the world to represent the buyer at that point, but neither has the right to make the seller (or, if you prefer, the listing agent) pay for that representation.

Please join the Risk Management Committee at our July 15, 2013 Procuring Cause Night Court where we will explore the topic in details.

As always, please do not hesitate to email me at [email protected] if you have any questions. *With all due respect to Elizabeth Barrett Browning


RPAC Update, Keith Canty, RPAC Chair What a great month. Let me give a very hearty thank you to Peggy Todd for setting up and co-ordinating our very successful RPAC phone bank. And grateful appreciation to the members of the Public Policy Committee and committed agents who gave their time Tuesday staffing the phone bank. You all made it happen.

I want extend a special thank you to Anita Cox who stepped up Tuesday during the phone bank and became our newest $1,000 contributor making her a Sterling R, Major Donor. Thank you Anita for your demonstration of commitment to the continued success of your profession.

I am using information provided by Susan Gaston, VPAR’s Legislative Consultant, to show how HB 2313, The Transportation Bill will benefit all of us.

BENEFITS OF HB 2313VIRGINIA’S TRANSPORTATION PLANTO HAMPTON ROADS REGION

• Sustainable funding for statewide transportation needs

• Sustainable funding generated in Hampton Roads’ regional component, stays in Hampton Roads

• Revenues from these investments of funds will grow quickly with this plan, and projects will be built quickly $3.5 Billion in the next 5 years is the statewide investment plan $175 - $200 Million in additional annual funding in Hampton Roads regional investment plan

• Projects built from these revenues will be investments in the future of Hampton Roads, and will support: Public Safety Tourism Port Activities Economic Development Education Quality of Life

• The shared cost of making these investments in the future of Hampton Roads and Virginia is estimated to be approximately:

□ 58 ¢ per day per capita; or □ $3.96 per week per capita; or□ $27.72 per month per capita

• The shared cost of doing nothing to invest in transportation in Hampton Roads is approximately:□ 23.6 hours of extra travel time annually□ $ 1.22 daily□ $ 8.59 weekly□ $37.23 monthly*Based on 2010 figures of the Texas Institute of Transportation ReportAll the best, Keith


2013 RPAC Campaign Contributors (As of June 21, 2013)

Susan GastonJoy Gibbs*Elizabeth GriffithGina HansonCathie HarneyKyle Hause*Ron Heim*Kimberly Hockaday*Sandra Hood*Rodney Huskey*Dick HydeMary IshamYvonne JohnsonDee Karlsson*Barbara Lassley*Dot McKelvin*Liz MooreDeloris Morgan*Cory NewellZoran Pajevic*Johnny Parker*Perry PilgrimAdrienne Pittinger*Michelle PollockChris PrayPat RichardsonKathy Ridley*Diana RondinelliVictor RondinelliNeal RosenbaumRegina ScottBrooke Scutt*Tom SmartSharon Snyder-BartelsMarion SparksWanda Stevens*Lynn Teravainen*Adam TriplettRay Upright*Mildred Walker*Beth WallsJeri WalterJosie Wells*Christina WilliamsDavid Whitley

*pledge

STERLING “R” ($1000 - $2500)Keith CantyJoe CarneyDale ChandlerSheila DannLynn GrimsleyPamela McKinney Lewis

PRESIDENT’S CLUB ($750 - $999)

GOVERNOR’S CLUB ($500 - $749)Karen Bohlke EnriquezDewey Hutchins*Dan Matter*Donna Moyer*Chandra Patterson*Valerie SmootPam Strahorn-Roe*Teresa SullivanPeggy Todd*

CAPITOL INSIDER ($250 - $499)Stephen Abbitt*Martha AndersTessie BakerPenny BoydDorothy Burch*Carl BurtCarol DavanayKimi DornanDana Holben*Karen PenningtonSandra von SchillingDavid Whitley*

99 CLUB ($99 - $249)Tessie Baker*William Brown*Michael Carpenter*Bob ChapmanKatey Chapman*Maria ChristianVince Cowling*Joanne McNamara DalyAaron Davis*Elizabeth Davis*Donna DellingerGene EfirdTheresa EmblerKatharina Formy DuValCaye GarrettGreg Garrett


The Virginia Peninsula Association of REALTORS® presents…

TThhee AAccccrreeddiitteedd BBuuyyeerr RReepprreesseennttaattiivvee DDeessiiggnnaattiioonn

(Approved for 12HRS CE/PL credit)

Accredited Buyer Representative Designation Course – September 5 & 6, 2013

NAME: FIRM:

ADDRESS: MEMBER#:

CITY: STATE: ZIP:

PHONE: E-MAIL:

Method of Payment: Check

Credit Card # Exp. date

Signature (Your signature indicates acceptance of VPAR registration policy and authorization of credit card charges.) Real Estate License # Exp. date

PLEASE RETURN TO VPAR AT FAX NUMBER 757-596-3911; MAIL TO VPAR, 1001 North Campus Parkway, Hampton, VA 23666 or register online at members.vpar.org

QUESTIONS? CALL 757-599-5222 *Cancellations must be received within 48- business hours of course to receive a refund. Registrations are non-transferable. On-site late registration fee is $325. VPAR RESERVES THE RIGHT TO CANCEL THE COURSE IF

MINIMUM REGISTRATIONS ARE NOT MET. Please notify us in advance if you have a disability that requires special services.

Thursday & Friday September 5 & 6, 2013 8:30 a.m. – 5:00 p.m.

SEPTEMBER IS A SPECIAL DISCOUNT MONTH (REGULAR MEMBER RATE IS $295)

VPAR Headquarters Training Room A 1001 North Campus Parkway Hampton, VA 23666

Early Bird Pricing before 8/28 by NOON Members: $255 Non-Members: $275

Register after, Members: $275 Non-Members: $300

*On-site registration fee is $325


Welcome New Members!Members on the Move - Transfers

Linda Bordeaux to Coldwell Banker Prof.Elizabeth Davis to Mid-Atlantic ResidentialBonnie Elliott to Long & Foster Real EstateJason Kearney to Abbitt RealtyRyan Kirsch to Long & Foster Real EstateBrian Kline to Keller Williams EliteSarah Marchese to Abbitt RealtyDan Matter to REMAX PeninsulaBrenda McPherson to Keller Williams EliteHarvey Morton to Keller Williams EliteRobert Powell to Powell & AssociatesLindsay Ralls to Abbitt Realty

NEW MEMBERS

George Garofalis – William E. WoodJacqueline Cumber – Mid-Atlantic ResidentialTerrence James – Long & Foster Real EstateErnie Wicher – Keller Williams Elite


PRESENTED BY THE VPAR MEMBER

RELATIONS COMMITTEE

YOUR NAR REALTOR® BENEFITS

Remember there are

DISCOUNTS and offers for

NAR members !

SPRINT DISCOUNT FOR NAR MEMBERS

Receive 18% off selected wireless plans and 20% off select accesso-ries. This offer is available to both new and existing Sprint customers when signing a new two-year agree-ment. Terms and conditions apply. Sprint also offers a buyback pro-gram which recycles or reuses your old phones and gives you a credit of up to $300 on your Sprint account.Some restrictions may apply.

HOW TO GET THE DISCOUNT:

Visit REALTOR.org/Sprint or call 1-866-639-8354. Remember to have your NRDS I. D. and dis-count code ASNAR_ZMB_ZZZ handy!


Realtors® Call for Legislative Changes to New Rules Limiting Affordable Borrowing Options

Congress should consider redefining the new ability-to-repay requirements for Qualified Mortgages to avoid limiting affordable borrowing options for creditworthy buyers, said the National Association of Realtors® in testimony before the House Financial Services Committee.

NAR President Gary Thomas implored Congress to revisit the definition of fees and points applied to affiliated mortgage lenders that require the counting of title company charges, the amount of homeowner’s insurance held in escrow, loan level price adjust-ments, and payments made by lenders in wholesale transactions towards the 3 percent cap in the QM rule. Thomas said the current calculation of fees and points discriminates against affiliated title companies, small and mid-size lenders, community banks and cred-it unions.

“Many of the mortgages available from affiliated businesses might not qualify as a QM without a higher interest rate,” said Thomas, broker-owner of Evergreen Realty, in Villa Park, Calif. “As the leading advocate for housing issues, NAR is committed to working with Congress to fix the unintended consequences of the ability-to-repay rule. To that end, NAR supports the bipartisan H.R. 1077/S.949, the Consumer Mortgage Choice Act, which would address the problematic fees and points definition and ensure broad con-sumer choice and access to safe, affordable mortgages.”

In his testimony, Thomas said that H.R. 1077 is essential to maintain competition and consumer choice in mortgage origination. Without this legislation, one-quarter to as much as one-half of loans currently being originated by affiliated lenders would likely not be eligible for the QM safe harbor, he said. Consequently, those loans would likely not be made or would be concentrated amongst the largest retail lenders, thereby limiting con-sumer choice.

Thomas said another area of concern about QM underwriting standards is the 43 percent debt-to-income limit on jumbo and non-government backed loans. He said it is particular-ly problematic in high cost areas where high-income borrowers are more likely to obtain jumbo financing. Thomas urged support for greater flexibility with regard to DTI limits so that credit would not be restrained in high cost communities.

Thomas also urged Congress to support regulatory changes to the proposed Qualified Residential Mortgage standards to substantially mirror the broad QM definition. NAR be-lieves that this would prevent possible issues with creating another class of loans, such as those that are QM but not QRM, which could affect their overall marketability and cost.

“Congress and the Consumer Financial Protection Bureau have done important work to protect consumers from predatory lending products and processes that led to the mort-gage crisis,” said Thomas. “Now is the time for additional steps to improve the QM and align the QRM with it so that consumers who have the ability to repay their loans will have access to affordable credit.”

Virginia Peninsula Association of REALTORS® presents….

CCIITTYY OOFF HHAAMMPPTTOONN’’SS FFLLOOOODD IINNSSUURRAANNCCEE UUPPDDAATTEE

FREE SEMINAR with Important Information for REALTORS®

Do you know there are flood insurance changes that might impact your ability to sell a property?

Do you know where to go to determine if a property is in a flood zone?

Review FEMA System official maps.

Upcoming changes being considered could include eliminating the transfer of flood insurance on a property to a new buyer – grandfather rules may become extinct!

Possibility of paying the full actuary value of the policy.

PRESENTED BY:

Gayle Hicks, Certified Flood Plain Manager, City of Hampton and

Community Rating System Coordinator

Thursday, August 22, 2013 10:00 – 11:00 a.m. At VPAR Training Room A

FREE CITY OF HAMPTON FLOOD INSURANCE SEMINAR Return registration form to VPAR via mail to

1001 North Campus Parkway, Hampton, VA 23666, FAX – 596‐3911 or register online at members.vpar.org

Name(s): Member#:

Firm: E‐mail:

Signature

Please notify in advance if you have a disability requiring special services. Questions? Call Jo McNamara Daly at 599‐5222 or [email protected]


I am amazed, we are starting JULY! And with everything going on, I thought, I want to garden again. But it is very difficult when you don’t have the space or equipment. So I started doing research on container gardening. And Houselogic.com has SO much infor-mation that I was reading on what I need and how I can do it with a small space. And then I started reading about cleaning with an onion. YES, an onion! Here is one:Shine grills: Heat the grill, then spear a half onion with a fork and glide it over the grates to remove grease and charred bits of food.

That seems easy! And that is how we want many things in our life, EASY.

Did you know that REIN and RPR has signed to offer you and your business an easy way to gather information in ONE location? EASY!

What is RPR and how can it help your business?

REALTORS® across the country are increasing their income by using RPR, the Realtors Property Resource in their business. RPR is available at no cost to you, as a member ben-efit of the NATIONAL ASSOCIATION OF REALTORS®. It allows you to enhance the service you provide to Buyers and Sellers by giving you key insights into the market, like the ability to search for and identify foreclosure and pre-foreclosure properties and provide in-depth neighborhood and school information.

You will first need to create your account. Some important things to note are: RPR is for REALTORS® only, meaning you must be an active member of NAR. There are a few ways to access RPR, but to get started; you need to go to www.narrpr.com.

And to make it even EASIER, I or Rich Benet, IT Director, will be doing training sessions at offices and here at the Board offices. It will be about 2 months before the REIN information is available but we want to make sure you are up and running when the data information is complete. VPAR wants to make sure we help you say, “That really was EASY”!

Off my Desk…. CEO ReportDana R. Holben, RCE, e-PRO



HamptonThe City is a busy place! In progress or soon to be in progress are the following is-sues that VPAR is following: • Update of the Downtown Master Plan • Preparation of a Master Plan for development of Armistead Point • Purchase of Clear Zone Properties at Langley Air Force BaseThe Association is meeting next month with Planning Department staff to discuss in detail these various issues.

Isle of Wight CountyThe County is reviewing its cash proffer policy for the purpose of analyzing the funding strategy to meet the demands for public facilities generated by new development. The study includes updated residential and commercial cash proffer amounts for the existing four (4) categories consisting of schools, parks and recreation, fire and rescue, and government buildings, and adds a new separate category for law en-forcement, and libraries (previously included in the government buildings category). The updated Study also includes separate analysis for potential transportation and utility cash proffer categories.

One of the potential outcomes is for the County to suspend collecting cash proffers for three years to allow the economy time to rebound. Proffer negotiations will not be suspended, but the collection of the proffers will be put on hold.

VPAR is working with the County Planning Director on the policy review and potential language. Much more to come on this important development-related issue.

PoquosonVPAR is continuing to work with the City on its marketing campaign. The Association has enlisted the help of REIN to assist with a data share such that the City’s real estate listings can be available on the City’s website. Sharing this information is perceived by all parties to be a win-win-win: win for the City, win for VPAR agents and win for buyers and sellers. Details will be forthcoming.

York CountyThe Planning Commission approved the draft Comprehensive Plan last month. As you know, VPAR has been very active in those discussions and will continue to provide input as the Plan goes to the Board of Supervisors. The Code of Virginia gives the Board of Supervisors 90 days to do take action or take the Plan back to the Commission, so we expect action toward the late summer or early fall.

STATEThe statewide ticket now is in place after the June Republican Convention and Democratic Primary. The ballot in November will look like this:

GOVERNORKen Cuccinelli (R ) Terry McAuliffe (D)

LT. GOVERNORE. W. Jackson (R) Ralph Northam (D)

ATTORNEY GENERALMark Obenshain (R) Mark Herring (D)

The RPAC of Virginia Trustees will conduct statewide candidate interviews later this summer. Stay tuned to the REALTOR® Party for details!

JUNE PPC BRIEFSby Susan Gaston, Governmental Affairs Consultant


More locally, VPAR will conduct candidate interviews on September 10th for the members of the Penin-sula Delegation of the Virginia House of Delegates.

VPAR submitted its position statement regarding the Department of Professional and Occupation-al Regulation (DPOR) and the transfer of licenses. We have suggested that the Code of Virginia be amended to require DPOR to treat real estate license transfers such that at the time they are delivered to and accepted by the Department, the real estate licensee shall be allowed to practice real estate unless otherwise prohibited under VREB regulations (as in the case of felony convictions, for example). The Department should be required to notify the licensee of any issues, mistakes or other changes that are required at the time of receipt. The complete transfer of license shall occur within a reasonable period of time that allows the licensee to continue to practice.

FEDERALUpdate on Flood Insurance Rate IncreasesWith NAR’s support, Representatives Bill Cassidy (R-LA) and Maxine Waters (D-CA) have successfully attached an amendment to the Homeland Security Appropriations Bill to delay removal of “grandfathered” flood insurance rates for one year. NAR is now working with Senators Mary Landrieu (D-LA) and David Vitter (R-LA) to include the delay in the Senate version of the Homeland Security bill.

The grandfathered and other subsidized flood insurance rates are being phased out under the Biggert-Waters Act that extended the National Flood Insurance Program for five years. The House amendment would delay the phase-out for properties “grandfathered” under older rates in areas remapped into a higher-priced flood zone before September 30, 2014. The law’s other phase-outs -- for older second homes and business properties and for homes purchased after July 2012 – will continue to take effect on October 1, 2013. NAR is working on a longer delay and expanding it to include the other subsidy phase-outs, in addition to grandfathered properties.

NAR has produced a video that helps explain the changes to the NFIP and rate schedules. NAR Presi-dent Gary Thomas has created a Presidential Advisory Group on the NFIP to address the issues related to recent changes to the NFIP. Watch the video at http://www.realtor.org/videos/flood-insurance-subsi-dies-phasing-out.

NAR Applauds the SAVE ActOn June 6, 2013, Senators Bennet (D-CO) and Isakson (R-GA) introduced S. 1106, the “Sensible Ac-counting to Value Energy (SAVE) Act”. The bill is an attempt to develop standards for valuing energy efficiency in the appraisal and mortgage underwriting processes.

For over two years, NAR has worked with the staffs of the sponsoring Senate offices, the Institute for Market Transformation (IMT), and the Leading Builders of America to craft a bill that encourages the use of energy efficient products and materials in both new and existing homes. The Association was con-scious of the potential impact on older homes and worked vigorously to ensure that the proposed legisla-tion did not stigmatize or disadvantage them in any way.

NAR applauds the Senators continued efforts to ensure that housing is affordable, and to promote the use of energy efficient products and materials as a means keep housing costs reasonable.

In the meantime, the Senate Banking Committee has agreed to hold a hearing on the affordability of the Biggert-Waters rate provisions. The hearing is expected to be conducted in July. NAR will continue to work with our Congressional allies on the NFIP issue and will keep you informed on our progress.

For additional details, please contact VPAR’s Legislative Consultant, Susan Gaston, at 757-871-1445 or by email at [email protected].

JUNE PPC BRIEFSby Susan Gaston, Governmental Affairs Consultant


VPAR SOARING TO SUCCESS NEW AGENT SERIES PLE/CE Mandatory Courses Offered by the Peninsula Real Estate School

Owned and Operated by the Virginia Peninsula Association of REALTORS®

Agent training designed for the new agent or the agent that needs a

shot of motivation! All new licensees must complete 30 hours (15 Mandatory and 15 Elective) of post licensing (PL) credits within their first twelve months to remain active. Our classes provide both mandatory PL and renewal CE

for seasoned agents. $25 Members; $30 Non-Members if pre-registered. You can register online at members.vpar.org. Please register in advance to assure adequate materials and to guarantee enough registrations to hold the course. The Peninsula Real Estate School reserves the right to cancel the class if less than 10 students are registered. No-shows will be billed and 48 business hours is required for cancellation with refund. SPONSORED BY: Shaheen Law. Module 1 – Agency Law Monday, September 23, 2013 9 AM - Noon Approved for Agency CE Agency law in Virginia Types of Seller Representation in Virginia Types of Buyer Representation in Virginia Overlapping representation The need for signed agreements Review the Exclusive Right to Represent Buyer Agreement Disclosures

Module 2 – Real Estate Law Monday, September 23, 2013 1 PM - 4 PM Approved for Legal Update CE DPOR rules and regulations Common Interest Communities (HOA/POA) Legal Updates Environmental issues Disclosures

Module 4 – Ethics & standards of Conduct Issue & Trends Tuesday, September 24, 2013 1 PM – 4 PM Approved for Ethics CE and NAR Quadrennial Requirement Code of Ethics Standards of Conduct Current Industry Issues Real Estate Trends – What does the future hold? Module 5 – Offers to Purchase Wednesday, September 25, 2013 9 AM - Noon Approved for Contracts CE Contract Law Documents Purchase Agreements Contract clauses Settlement Disclosures

Module 3 - Fair Housing Tuesday, September 24, 2013 9 AM - Noon Approved for Fair Housing CE Fair housing issues that face the Real Estate Agent Review of the Protected classes

ADA compliance Property Management and Fair Housing Module 6 – Listing & Pricing Properties Wednesday, September 25, 2013 1 PM – 4 PM Approved for CE Real Estate Related Elective

Overcoming Listing Objections & Two Step Approach

Instructed by Pat Snyder ABR, GRI, SRES e-Pro Register at www.members.vpar.ORG or call VPAR at 757-599-5222

All Classes Held at the VPAR Building 1001 North Campus Parkway Hampton, VA 23666

VPAR Education & Events in July

8 Hour Required CE Course on Tuesday, July 9th8 Hour Required Subjects Continuing Education – $50 members, $60 non-members 8: 30 A.M. -5:00 P.M.

REALTOR® Enrichment Series:MLS Photography Course on Thursday, July 18th from 1-3 p.m.Thursday, July 18th 1:00 – 3:00 p.m. at the VPAR office. Instructed by Craig Davenport, owner of ARC Imaging. Cost is $20 for members; $25 for non-members. Learn tips for better photography, the affects of bad MLS photos and stay after for a hands-on lab with VPAR Tech Director Rich Benet. Bring your P.C. with images and learn how to set up a virtual tour and upload to the MLS. We will also touch on putting your photos on Social Media sites.

Night Court on Monday, July 15th from 4- 6 p.m.Cost is $20 for members and $25 for non-members. Register at members.vpar.org

Residential Standard Agency, Monday, July 22 9 a.m. -12 p.m.The additional 3 hour requirement for all licensees within this license period. Cost is $30 for members and $35 for non-members. Register at members.vpar.org

VPAR After Hours Social on Monday, July 22 5-7 p.m.July 22, 2013 – 5-8 p.m. Barbecue picnic with the works, beer and attend the Peninsula Pilots game. Come as you are – in your business attire or more casual – don’t miss out on the fun! Located at the War Memorial Stadium in Hampton. Generously sponsored by Union Mortgage and Atlantic Bay Mortgage.

Mark Your Calendars Now for Upcoming July Courses & EventsTuesday, July 9th – 8 Hour Required Continuing Education CourseMonday, July 15th – Night CourtThursday, July 18th – RES Course – MLS Photography CourseMonday, July 22nd – Residential Standard Agency CourseMonday, July 22nd – VPAR After Hours Social – Barbeque Picnic & Baseball Night at War Memorial StadiumMonday, July 29th - New Member Indoctrination Course

SAVE THIS DATE: The 2014 VPAR Installation & 2013 Annual Awards Banquet will be held on Thursday, November 14th at the James River Country Club.


Education Opportunities


I am Marion Clarke the Chair of the new Affiliates Committee. Affiliates are a crucial part of VPAR and your Association recognized this by establishing it. The Affiliate Committee’s purpose is to bring more value to our membership and strengthen connections with REALTORS® by strengthening our networking and visibility throughout the Assocation.

Using the expression of ‘stepping up to the plate’ was intentional because it makes me remember ten years ago when I joined the industry as an Affiliate. I wanted to participate in everything so I recog-nized the value of being involved. After joining the local Associations in our area, I eagerly looked for opportunities to learn more and take part in the various activities. One of the first networking events I participated in was a softball game. Yes, I said softball. It’s memorable to me because I was ‘all in’ with my new career, but I hadn’t played softball for years. That first game had me standing at the plate with two strikes and three balls! I wasn’t going down standing at the plate with the bat on my shoulder! The pitch came, and I had a base hit. I ran down the line to first, trying to beat the throw to tag me out. In running through the base, I fell, and fractured my wrist. It was a great fun with the traditional cookout following the game, and I didn’t want to miss out on that fun, either so I ignored the pain. I said little to the CEO for our Regional office that had traveled into town to work with me. Although he didn’t attend that afternoon’s game, driving him around the territory attempting to play down the injury was tough. I was no wimp, and I was sure I could endure. Four days later, I went to see a doctor and left with a cast! I still chuckle about that early memory.

Over the years the games and activities may change, but the fun and camaraderie stayed the same. I mentioned earlier that I retired and started what I call my ‘encore career’ with HMS Home Warranty. In 2003 I just completed a thirty year career in teaching that began as an elementary classroom teacher, and ended with me teaching in the middle school. Coming from background in education, I had a great deal to learn in my new position that connected me with the real estate industry. I had no idea how private industry operated, and I viewed it as an exciting new challenge. My membership to the Associations provided an avenue for me to not only learn about the industry, but to become a resource to serve the real estate community. Reading is fundamental in our lives, and it is a means to better communication with those we come into contact whether it’s our career and private life. I realized that early on so as time went on, I developed a couple of classes related to my industry. Many Affiliates have done likewise. Regardless of what aspect of the industry the Affiliates come from, we are a wealth of information and provide a rich background of resources for Realtors to draw on. Not only that, but as Affiliates, we have learned much from each other. It may come as no sur-prise, but we rely on each other and provide services as well. The Association brings us together to learn and assist each other regardless of our business. Through VPAR we focus on the same goal of doing business together and providing support for one another’s industry. Over the years, I have participated in a number of committees, to learn more and network with various people in the indus-try. It’s been very rewarding and interesting to me. I hope that by joining the Association, you make your next move to look for opportunities to become involved and find a Committee that interests you to take an active part. “Step up to the plate” as I did, and find how enriching and engaging it can be. Just don’t break your arm!

The VPAR Affiliates Committee meets at the Association on the second Tuesday of each month at 2 pm. If you would like to participate in this great committee, call the VPAR office at 757-599-5222 and ask to join.

Affiliates Stepping Up to the Plate

October 4th – REALTOR® Enrichment Series – Jeff Elias FREE Finance Seminar7th – 8 Hour Required CE Course10th – Lunch & Learn Free Course15th – Broker/Manager 8 Hour CE Course21st – VPAR Election Day21st - After Hours Social22nd – General Membership Breakfast25th – Broker/Manager Retreat

November 4th – New Member Indoctrination Course5th – REALTOR® Enrichment Series12th – 8 Hour Required CE Course14th – Lunch & Learn Free Course14th – VPAR Installation & Annual Awards Banquet18th – Residential Standard Agency Course18th – After Hours Social19th – 8 Hour Elective CE Course28th -29th – VPAR Office Closed

December10th – 8 Hour Required CE Course16th – VPAR Holiday Social24th-25th – VPAR Office Closed31st – VPAR Office Closed

July4th – VPAR Office Closed 9th – 8 Hour Required CE Course15th – Night Court18th – REALTOR® Enrichment Series22nd - Residential Standard Agency Course22nd – After Hours Social – War Memorial Stadium, Hampton29th - New Member Indoctrination Course

August8th – Lunch & Learn Free Course8th – Broker Forum12th- 8 Hour Required CE Course15th – REALTOR® Enrichment Series19th – After Hours Social22nd – City of Hampton Flood Insurance Seminar26th – Broker Licensing Property Management Module Begins27th – Broker/Manager 8 Hour CE Course

September5th & 6th – ABR Core Course9th – New Member Indoctrination Course10th – 8 Hour Required CE Course10th – PYPN Seminar/Social12th – Lunch & Learn Free Course16th – Night Court17th – 8 Hour Elective CE course19th – REALTOR® Enrichment Series23rd – Residential Standard Agency Course23rd – 25th – Post Licensing Course Series23rd – After Hours Social


2013 Education and Events Year at a Glance

Thanks VPAR REALTORS®

For All Your Support

• Kiln Creek Golf Club & Resort : It was a beautiful day for the SOLD OUT 23rd Annual GolfKiln Creek Golf Club & Resort : It was a beautiful day for the SOLD OUT 23 Annual Golf Tournament sponsored by the VPAR Charitable Foundation. We had more golfers than we really should have had. Multiple hole sponsors on every hole. And best of all, a lot of fun people on the course, playing and working the holes for their companies.

•• Yes it was a little warm and there was a threat of thunderstorms that afternoon but everybody

played and had a good time. Even when they stopped play for the fast approaching storm, the fun and camaraderie still carried on upstairs in the Kiln Creek Club house. Kiln Creek Owner Dick Ashe, Director of Golf Mark Houston and their staff took care of us like we were at the Masters Golf Tournament in Augusta.

• Comments’ circling around the Peninsula community were that it was one of the best tournaments ever put on by the Association. On top of that, it was a huge success financially. We don’t have all

the final numbers in yet, but the VPAR Charitable Foundation is looking to receive more than $15,000 from the tournament. This money will help support local charities related to homelessness on the Peninsula. Charities such as Youth Challenge, LINK, Menchville House, HELP, Transitions, Natasha House, Operation Breakthrough

• and the Hampton‐ Newport News Community Services Board have all received numerous donations over the years.

•• The VPAR Charitable Foundation would like to thank the golf committee, volunteers, players,

sponsors, Kiln Creek Golf Club & Resort and VPAR for all the support everyone gave before, during and after this great event. We are already planning next year’s tournament tentatively in May in 2014

•

• To see all the great fun, click on the any of the pictures below • Fro more information about the VPAR Charitable Foundation, contact Tu [email protected]


Go to www.VPAR.org for the Calendar of Events


vpar july 2013 realtor update

Documents

pnc mortgage

movement mortgage

towne bank mortgage

realtor members

fulton mortgage company

silver sponsorscf mortgage

old point mortgage

wells fargo home mortgage