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The NAAR NEWSLETTER

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“Best Prepared with the Highest Standards”

July 12, 2009

The Northern Arizona Association of REALTORS® 1515 East Cedar Ave. Suite C-4 Flagstaff, AZ 86004 928 779-4303 Contact us

REMINDER: 3RD QUARTER MLS FEES ARE DUE JULY 1, 2009.

UPCOMING CLASSES/EVENTS

JUNE 19: PRESENTATION ON "YOUR WAY AZ" AND "MCC PLUS" HOUSING PROGRAMS ~ 9 - 11 AM @ NAAR (info attached)

SPEAKERS: CARL KINNEY & REGINALD GIVENS W/ARIZONA HOUSING FINANCE AUTHORITY. RSVP TO NAAR, 779-4303.

JUNE 24: SHORT SALES CLASS ~ 1:00 PM - 4:30 PM @ FLAGSTAFF AQUAPLEX - 1702 N. 4TH STREET ~ COST: FREE INSTRUCTORS: FRED WEAVER AND KEVIN KAUFMAN.

RSVP AT WWW.NOEQUITYNOPROBLEM.ORG. **NAAR IS NOT SPONSORING THIS EVENT

JUNE 17 ~ BOARD OF DIRECTORS MEETING ~ 8:30 AM @ NAAR

JUNE 24 - 26: ABR W/CURTIS HALL ~ 8:00 AM - 5:00 PM @ NAAR ~ COST: $399

JUNE 25: REALTOR®/AFFILIATE MIXER ~ FOXBORO RANCH ~ 4:00 PM - 6:30 PM

JULY 16: REALTOR®/AFFILIATE MIXER ~ RE/MAX PEAK PROPERTIES ~ 4:00 PM - 6:30 PM

NOMINATIONS FOR 2010 BOARD OF DIRECTORS NOW BEING ACCEPTED (form attached)

REALIST TO RELEASE UPDATES ON JUNE 15, 2009

What's new?

· A new contemporary version of the Property Detail Report is now available in addition to the classic report style you've used in the past

· Updated mapping features now enable users to map "All Distressed Sales" or Bank Owned and Short Sales individually.

· More flexible zoom levels on the map provide users with a community view of Foreclosures, Sales and Listing Activity.

· Users have long enjoyed linking to Property Detail and Comparable Reports from Realist Maps; now they can also link from Realist Maps to Foreclosure Activity Reports.

· Quickly identify Realist Sales by a red pushpin using the enhanced label feature.

· Improved data mapping and labeling of MLS Listings which includes the ability to view individual statuses visually on a map, all MLS Listings and more.

· Firefox and Internet Explorer 8 compatibility.

RENTAL EVICTION BILL SIGNED INTO LAW

What is the fundamental issue?

S. 896, the “Helping Families Save Their Homes Act of 2009” included some provisions to protect tenants from eviction as a consequence of a foreclosure affecting the property being rented. Many examples were seen of families living in rental housing throughout the United States who were evicted without any prior notice when the home where they had lived was foreclosed upon. Much of the time, the rental family had no idea the home was in delinquency or subject to foreclosure until their eviction.

I'm a Realtor®. What does this mean to my business?

Notification will have to be provided to tenants of rental housing before they can be evicted following a foreclosure.

NAR Policy:

NAR supports programs to reduce the impact of foreclosure on communities.

Legislative/Regulatory Status/Outlook:

Under the new law, which went into effect on May 20th, tenants will have to receive 90-days notice prior to being evicted, when their rental home is foreclosed upon. In addition, tenants must be allowed to stay in the property through the end of their lease, with two exceptions:

* The new owner wants to occupy the property as a personal residence, and
* There is no lease (month to month), or there is a lease but state law allows the lease to be terminated at any time upon notice.

Even under these exceptions, the tenants must be given 90-days before they can be evicted. Notification must be provided by the “immediate successor in interest”. In some cases, this notification will come from the bank (when they assume the home), and in other cases it may be the new owner. Much will depend upon state law.

A number of states have existing laws protecting tenants. This law will preempt existing state law, except where the state law offers greater protection.

The protections of this law apply only to “bona fide” tenants – who have a written contract, the lease was the result of an arms-length transaction, and the rent is not substantially less than the fair market rent for the property. Under any conditions, tenants may still be evicted if they violate the lease terms.
These provisions expire on December 31, 2012. (Q & A Document Attached)

UPDATE FROM CITY OF FLAGSTAFF - ROGER EASTMAN, ZONING CODE ADMINISTRATOR

Here are a few quick updates regarding the Focus Groups for the zoning code project that are in response to queries we have received from Focus Group members and Flagstaff residents.

1. The current Land Development Code (LDC) is available online at (see below). We are also in the process of printing updatedcopies of the LDC which will be available for review at the public library branches (downtown and East side). You may also pick up a CD of the LDC from the Community Development front counter for a nominal fee. http://www.flagstaff.az.gov/index.aspx?nid=779

2. The zoning code webpage is frequently being updated with notes from the Focus Group meetings and updates on future meetings, so please don't forget to visit it periodically to learn about recent developments and on-going activities.http://www.flagstaff.az.gov\zoningupdate

3. Attached are two documents that we hope will be of interest and use to you. The first is a summary of the Vision 20/20 document that back in 2000 or so helped to guide the vision and direction of the Regional Plan. The second document is a summary of the visions, goals and objectives of the Regional Plan.

4. A final document that may be of interest to you may be accessed by using the urrl provided below. This is the DRAFT Sustainable Community Development Code that is being published on-line by the Rocky Mountain Institute in collaboration with Clarion Associates. It has some useful ideas some of which seem to be applicable here in Flagstaff. www.law.du.edu/rmlui

If you have any questions, please contact Roger at (928) 779-7631 Ext 7606 or reastman@flagstaffAZ.gov

Previous News...

UPCOMING EVENTS:

JULY 9 - 10: GRI #314 ~ 8:00 AM - 5:00 PM ~ 1515 E. CEDAR #C3 ~ INSTRUCTOR: JOEANN FOSSLAND

JULY 10 ~ NOON - 1:00 PM ~ ePRO WORKSHOP W/JOEANN FOSSLAND ~ 1515 E. CEDAR #C3. TO REGISTER FOR THIS CLASS ONLY VISIT: HTTP://ePROworkshop.InternetCrusade.com or call (866) 377-6627

**ATTEND THIS FREE WORKSHOP AND RECEIVE $25 DISCOUNT TOWARDS YOUR e-PRO ENROLLMENT!

Note: This presentation will be held during the lunch break. You DO NOT have to be registered for the GRI class to attend.

JULY 15 ~ BOARD OF DIRECTORS MEETING - 8:30 AM @ NAAR

JULY 16 ~ REALTOR®/AFFILIATE MIXER ~ RE/MAX PEAK PROPERTIES ~ 4:00 PM - 6:30 PM

JULY 15-16 ~ WOMEN'S COUNCIL OF REALTORS® SUMMER MEETING ~ HIGH COUNTRY CONFERENCE CENTER

JULY 21 ~ WISE AGENT PRESENTATION ~ 1 - 3 PM ~ 1515 E. CEDAR #C4 ~ INSTRUCTOR: BRANDON WISE

CO-SPONSORED BY LAWYERS TITLE & SHANNON DEROSBY W/KELLER WILLIAMS. PLEASE CONTACT SHANNON,

(928) 600 - 9049 FOR MORE INFO.

WELCOME NEW NAAR MEMBERS

Primary Member:

Burt Shattuck - Shattuck Realty - Welcome back Burt!

Appraisers:

Robert McDonald - Montandon Farley Valuation Group

Matthew Vasicek - Lucid Evaluations & Investments

MLS Only Members:

Patricia Brown - Keller Williams Arizona Living Realty

Brian Bouterie - Realty Executives - Phoenix

Gregory Donnelly - Donnelly Realty

Barbara Lang - Realty Executives - Phoenix

Alice Starzinski - Realty Executives - Phoenix

Tamra Ulmer - Arizona Resource Realty

Membership Counts as of June 30, 2009

NAAR MEMBERS: 482

MLS MEMBERS: 596

APPRAISERS: 48

AFFILIATES: 42

June 2008

NAAR MEMBERS: 593

MLS MEMBERS: 699

AFFILIATES: 43

**appraiser count included in naar/mls member count

MEMBERSHIP MARK RULES APPLY IN SOCIAL NETWORKING

Remember that only STATE and LOCAL associations can use a geographical description consistent with their name and jurisdiction along with the membership marks in domain names, e-mail addresses, and other types of identifiers, including user names for social networking sites like Facebook and Twitter. For more info on Membership Mark rules visit http://www.realtor.org/letterlw.nsf/pages/trademarkmanual.

MESSAGE FROM NAR GOVERNMENT AFFAIRS
Date: July 1, 2009
The overwhelming number of comments and questions generated by the House of Representatives passing the American Clean Energy and Security Act requires additional information to address the issue with members. Attached is an NAR Info Pack that you can post on your websites and distribute to
members.

Here are the Legislative Facts:

Does not create a federal energy audit requirement for real property

Exempts existing homes and building from any federal guidelines for new construction energy efficiency information labels.

Prohibits the implementation of any labeling during a sales transaction.

NAR successfully argued that point of sale labels would have stigmatized existing property and complicated transaction

Leaves the decision to states as to whether to require energy audits, disclosures, etc.

Provides property owners with significant financial incentives, matching grants and tools to make property improvements and reduce their energy bills;

Prohibits the Environmental Protection Agency from regulating residential and commercial buildings under the Clean Air Act

Eliminated an early proposal to allow citizens to sue over minor climate risks under the Clean Air Act; and

Establishes green building incentives for HUD housing, including a loan program for renewable energy, block grants and credit for upgrades in mortgage underwriting.

The bill has passed only the House. It is NOT LAW and NAR is working closely with the Senate to make additional improvements

Here are the background facts:

In addition to our Land Use and Environment Committee consideration of this issue, NAR has been engaged since the appointment of a Presidential Advisory Group in Summer 2008

They met during 4 separate meetings and heard expert testimony regarding the full range of Climate/Energy Issues

The PAG developed NAR's Climate Change Principles

During the November 2008 convention the Land Use and Environment Committee and the NAR Board of Directors approved the PAG recommendation

Meetings, via conference call, with the leadership of the Land Use Committee and Forum, as well as with former PAG members and half dozen Realtor associations that had addressed climate bills at the state level continued in early 2009 in anticipation of an Energy Bill.

The consensus of all these groups was to concentrate on the real estate provisions -- especially energy labeling.
Additional information is available at www.realtor.org

REALTORS®, WELCOME TO YOUR CREDIT UNION!

REALTORS® Federal Credit Union is where you (and your money) belong. Created for REALTORS®, REALTORS® FCU offers its members real value in the form of fewer fees and competitive rates on savings, loans and investments. As a new partner in NAR's REALTOR Benefits® Program, you can trust that your credit union is friendly to REALTORS®. To see an exclusive interview with Credit Union President and CEO, Tom Glatt, click here.

Why A Credit Union?
Credit unions are about "people helping people." As a not-for-profit credit union, REALTORS® FCU is member-owned, so earnings accrue to benefit members, not stockholders. REALTORS® FCU is directed by a volunteer Board of Directors comprised of real estate professionals like you to ensure the credit union understands your unique financial needs. Learn more about the credit union difference.

REALTORS® FCU now offers:

Great rates including Share Certificate Investment and Money Market Savings rates that currently beat ING Bank, E* Trade, Bank of America and Wells Fargo!* Check current rates to see how you can save big.

Free eChecking with MasterCard® Debit Card and Overdraft Protection**

Free ATM transactions at thousands of CO-OP Network® and CU24 Network® ATMs nationwide

Loans and Credit line options offer affordable financing on homes, new & used automobiles, new & used boats and RVs and personal loans/lines

Free myBranch Services include banking online or by phone 24-hours a day, electronic statements, online bill pay, check deposits using a home or office scanner, external funds transfer service and more .** Your branch is always open and always ready!

Join Today:Click here to join online today! All REALTORS® (and their immediate family members) are eligible for lifetime membership. To learn about credit union membership benefits and requirements click here.

REALTORS® FCU is here to help you manage everyday finances and prepare for the road ahead. Visit your credit union online or contact Member Care any time at 866.295.6038.