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April 2014

Board News Communication

Service

Public Relations & Philanthropy

Letter from our President What’s Inside Letter from the President

Dear Members, Can you believe it is already spring? I hope you are all enjoying the change in season! 1

New Members & Members on the Move

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Calendar of Events

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Affiliate Spotlight

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Roaring Fork Conservancy

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Government Affairs

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Tech Tools & Fun Facts 5

Aspen Board of REALTORS® 23400 Two Rivers Road Suite 44 Basalt, Colorado 81621 Phone 970-927-0235 Fax 970-927-4783 www.aspenrealtors.com

Our March Non-Profit could not have been more fitting than to recognize AVSC for the 77 years of investing in of our kids from Aspen to Rifle. The powder God’s were with us and we had a fantastic turn out for the Realtor® Ski Day. Our efforts to assist community non-profit organizations continue with successfully raising $2,730 for the Aspen Valley Ski and Snowboard Club. With the support from our affiliates, whose contributions go directly to AVSC, we want to recognize those affiliates who donated generously: Host Sponsors: Aspen Business Journal, Aspen Snowmass Sotheby’s International Realty, and Robyn Scott Interiors. Contributing Sponsors: Guild Mortgage Company, Premier Home Mortgage, Sheridan Real Estate, Title Company of the Rockies, Spirits of New Castle, and myself. A lot of fun was had with the competition and want to thank Aspen Adventure Company who donated the GoPro Camera’s. We are especially grateful for the collaboration from the AVSC for their dedication and stewardship and who showed up in full force. We could not have had the success without Mark Cole, Executive Director, Walt Evans, Director of Excellence of the US Ski Team; Barbara Frank, Development Director; Beth Hansen, Events Director; Trish Shepard, Base Camp Director and our own Andrew Ernemann, Executive Board Member. Our day started out with David Perry, Sr. VP for Aspen Skiing Company and Don Schuster, VP of Hospitality. They updated our members about this season and the summer commitments in Aspen Snowmass. Perry shared some positive stats from this season, including an 8% increase in skier visits and a 40% increase in advanced bookings. Planned for this summer, they will be dropping single gondola ride ticket to $19. ASC will also be offering a $29 package that includes a lunch voucher, bus pass to the Maroon Bells, and three days of on mountain access and activities. Our April designee, the Roaring Fork Conservancy, protects, defends and ensures the quality and safety of our watershed, rivers, streams, lakes, and ponds. We are pleased to be partnering with them in raising funds for their effort AND will be holding our first REALTOR® VOLUNTEER ACTION DAY in concert with them on April 26 as we assist in river cleanups. More information will be coming.

Staff

I hope you join us and continue in making a difference!

Stacey Rinker Executive Vice President stacey@aspenrealtors.com

Michele Higgs Membership Coordinator

Karen Toth CNE President of the Aspen Board of Realtors

michele@aspenrealtors.com

Lindsey Geary Communications Coordinator lindsey@aspenrealtors.com

534 East Hopkins Ave, Aspen Co 81611 970-379-5252(cell)*970-922-2111(office)*888-550-2881(fax) Karen@karentoth.com www.karentoth.com


April 2014 ABOR E-New s New Members and Members on the Move New Realtor Members Katie McKirahan Susan Plummer Shelby Reilly Hailey Stewart Candace Whipple

Kruger and Company Coldwell Banker Mason Morse-Aspen Aspen Signature Properties Aspen Snowmass Sotheby’s-HM Aspen Snowmass Sotheby’s-HM

New Offices Bowden Winnerman RE

Lindsay Forster-DR

New Secondary Members Bill Bullock-DR Toni Sears

Bullock & Hinkey Anthony Sears Appraisals

Company Changes Chris Berry Bob Bowden Caroline Christensen Sonny D’Anna Susan Dillingham Jonathan Feinberg John Foulkrod Alden Richards Minette Stapleton Ellen Torell Lorrie Winnerman

Bowden Winnerman Real Estate Bowden Winnerman Real Estate Joshua & Co – Aspen Shane Aspen Real Estate Bowden Winnerman Real Estate Aspen Associates Realty Group Bullock & Hinkey Bowden Winnerman Real Estate Coldwell Banker Mason Morse-Aspen Coldwell Banker Mason Morse-Carbondale Bowden Winnerman Real Estate

Calendar of Events April 7

Spring Tour Registration Ends

April 8

Member Reception at CAR Meeting, all members welcome, Vail Marriott, Vail, CO

April 8-10

CAR Business Meetings, Vail Marriott, Vail, CO

April 14

Spring Tour Draft E-mailed to Membership, 5 pm

April 17

CREC Annual Update with Damien Cox, Limelight, 8 – 12 pm, 4 hrs CE

April 17

Risk Management with Damien Cox, Limelight, 1 – 5 pm, 4 hrs CE

April 17

What Does Fair Housing Mean to You #4636, ABOR Office, 9 – 1 pm, 4 hrs CE

April 18

Spring Tour Additions & Cancellations Deadline, 5 pm

April 22

ABOR New Member Orientation, Board office, 9 – 12:30 pm

April 23

Spring Tour Final Emailed to Members, 9 am

April 23

Credit Seminar, Basalt Regional Library, 11:45 – 1:00 pm

April 26

Roaring Fork Conservancy Volunteer Day, Basalt Frying Pan River, 9 – 1 pm

April 28, 30

Spring Home Tour Dates

May 2, 5, 7

Spring Home Tour Dates Continued

May 6

Tech Tuesday with Jeff Didier, Board Office, 11 – 1 pm

May 7

Board of Directors Meeting, Board Office, 8:30 – 10:00 am

May 13

Tech Tuesday with Jeff Didier, Board Office, 11 – 1 pm

May 20

Tech Tuesday with Jeff Didier, Board Office, 11 – 1 pm

May 27

Tech Tuesday with Jeff Didier, Board Office, 11 – 1 pm

May 29

CMA’s and Listing Presentations on Flexmls, Board Office, 11 – 1 pm, 2 hrs CE

For the 2014 Education schedule, click here!

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April 2014 ABOR E-New s

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Affiliate Spotlight of the Month MITTEL EUROP A Mittel Europa offers complete Interior Decorating and Staging Services. Luxury Home Staging Service A furniture leasing service for builders and developers designed to enhance the prospects of selling homes or models by furnishing through a rental program. Lease a high quality furniture package that is attractively priced, fast and effective which compliments and is reflective of the architecture…”Let Mittel Europa Set The Stage”. Interior Decorating Service Our focus in interior decorating is to create designs that incorporate and reflect the personality and lifestyle of our clients always keeping in mind comfort, scale and functionality. We are a full service interior decorating company guiding you from the initial design process through installation. Call Mittel Europa Company for your free proposal: (970) 920-3200 and check us out at: www.mitteleuropacompany.com

https://www.facebook.com/MittelEuropaCompany

Non-profit Organization of the Month is Roaring Fork Conservancy

REALTORS® Don’t Just Sell Properties, They Change Lives! Aspen Board of REALTORS® is dedicated to giving back to the communities in which we live. Success depends on YOU. The Board of Directors will be choosing a different non-profit to support for each month in 2014. This month we are supporting The Roaring Fork Conservancy. The Valley has an impressive number of non-profits. There are many people and stories out there that touch your heart. Remember that you can make a difference too. So, we urge you to get involved and to please join us in making a difference where we live. We have exciting events and different ways that you can show your support, so make sure to watch us on Facebook and also on the web so you know what’s going on!

Join Us for the Roaring Fork Conservancy Volunteer Day – Save the Date What: River Clean-up When: April 26 Where: Basalt Frying Pan River Time: 9 – 1 pm Help clean up one of the most beautiful stretches of river in the country! Volunteers of all ages welcome! Join us for a free breakfast before cleaning up a mile section of the river. Please dress appropriately with warm layers, gloves, long pants, a hat and sunscreen. Prizes for: Best of Trash, Most Toxic, Most Useful, Most Unusual Trash.

Participant Information Breakfast and registration starts at 8:30 am. Teams of 3-4 people are arranged, assigned about a mile of river, and head out to clean up around 9:15 am. Entries of trash for prizes must be registered at Lions Park by 11:45 am. The cleanup often happens in not so ideal weather. More info: roaringfork.org/cleanup RSVP here

Roaring Fork Conservancy is the watershed action and education organization for the Roaring Fork Watershed that brings people together to protect our rivers.


April 2014 ABOR E-New s

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Government Affairs – Your RPAC Dues at Work!

President Obama Signs Flood Insurance Bill Into Law On March 21, 2014, President Obama signed the “Homeowner Flood Insurance Affordability Act” into law. This law repeals FEMA’s authority to increase premium rates at time of sale or new flood map, and refunds the excessive premium to those who bought a property before FEMA warned them of the rate increase. The bill limits premium increases to 18% annually on newer properties and 25% for some older ones. Additionally, the bill adds a small assessment on policies until everyone is paying full cost for flood insurance. For a section by section analysis of the “Homeowner Flood Insurance Affordability Act”, click here.

Proposed Rule Issued on AMCs By Sarah C. Young On March 24, 2014, six federal agencies issued a joint proposed rule to implement minimum requirements for state registration and supervision of appraisal management companies (AMCs). States will not be required to establish an AMC registration and supervision program, and there is no penalty imposed on a state that does not establish a regulatory structure for AMCs; however, an AMC will not be able to provide appraisal management services for federally related transactions in states that have not established a regulatory structure laid out in the proposed rule. Participating states will have 36 months after the rule’s effective date to implement the minimum requirements. NAR will provide a comment letter on the proposed rule. Download the proposed rule

GRAB THE APP! Download the REALTOR® Action Center Mobile App ®

The REALTOR Action Center mobile app is now available for download for the iPhone and DROID. Simply search for NAR Action Center in your respective app markets. This app is designed to help members Vote, Act and Invest on the go. It will help you increase your state and local Federal Call for Action participation rates, allow members a quick and ® efficient way to invest in RPAC, and provide you a way to track your REALTOR Party activities and so much more.

More information on all NAR and CAR government affairs issues can be found on their websites.

Did you know that the ABOR offers FREE Notary Services to Members? ABOR is pleased to offer free notary services for our members and affiliates. This service will be available for any type of document excluding closing documents. To take advantage of this service, please e-mail your appointment request to michele@aspenrealtors.com. 24 hour notice required for appointments.


April 2014 ABOR E-New s

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Tech Tools and Fun Facts

Bitcoin: The future for real estate?

Courtesy of Aspen Business Journal

What Is Bitcoin? Bitcoin with a capital “B” is a system by which a currency is mined, encrypted, stored and transferred entirely electronically. The term bitcoin with a lowercase b is the form of the currency itself. Bitcoins are created by a process called mining. Miners verify and record encrypted bitcoin transactions on an open source platform and are rewarded with fractions of bitcoins and transaction fees. This is a finite process and mining will cease in the year 2140, so the number of bitcoins available will be limited to 21 million. For Real Estate? All of this circles back to the original question: what does Bitcoin have to do with real estate? For one, in Las Vegas and Idaho, there are houses on the market where the seller is looking for Bitcoin as payment. In New York, there is a brokerage who is willing to work with listings paid for in Bitcoin. The early adopters with disposable incomes are embracing the idea of Bitcoin as payment for other items. So the question is no longer is Bitcoin coming to real estate. It’s already here. Where Bitcoin may have the most appeal is from the international market. Here in Steamboat Springs, there is a growing segment of international buyers. Anyone who has ever dealt with making an international wire transfer knows how much time and effort it takes. Imagine a buyer in the near future from Mexico or Brazil who sees his winter home in Steamboat. He wants to buy immediately, but is only in town for a couple of days. By using Bitcoin, he saves the money he would have spent in wire transfer fees, the effort of dealing with the bank and the time it takes for a wire to “instantly” move from one bank to another. Of course, this is extremely hypothetical, but it demonstrates the potential for Bitcoin’s use in real estate.

Lowe’s Program for REALTORS® Marketing & Business Development is pleased to announce the multi-year extension of NAR’s partnership with Lowe’s Companies, Inc., under the REALTOR Benefits® Program. March 2014 will mark the 9-year anniversary of this successful program. The extension solidifies Lowe’s position as the Association’s exclusive home improvements provider, offering a free web-based marketing system created exclusively for members through the Lowe’s Program for REALTORS®. The popular Lowe’s Program for REALTORS®, streamlined in 2013 for greater ease of use and speedier fulfillment, lets members send clients 10% discount eCoupons, for use at Lowe’s and lowes.com. These personalized eCoupons include the agent’s name and contact information and are available through the member-only Web site at LowesRealtorBenefits.com (http://lowesrealtorbenefits.com). Additionally, Lowe’s provides a unique NAR member benefit where REALTORS® receive a 5% discount on the online purchase of Lowe’s gift cards through the member-only site, as well as a variety of exclusive short-term product discount offers and other special offers for members and their clients, plus exclusive savings for REALTORS® who frequently utilize the program.

The Revolutionary app that changes the way you take panoramic pictures and videos… Simply open the app and put your IPhone on a sturdy counter and let it snap away! $1.99 ITunes App Store

WANT TO PLACE AN AD? CONTACT lindsey@aspenrealtors.com


April 2014 E-Newsletter