M o n t h ly N e w s l e t t e r Volume 18 • issue 6 - June 2014 Durango Area Assn. of REALTORS
A huge thanks goes out to our Community Service Committee, our REALTOR and Affiliate Members who participated and of course The Glacier Club (Jim, Lindsay, Luke, Lucas, Nancy and Bruce) for making our 16th Annual Helping Hands Golf Tournament a huge success. The day could not have been better to raise almost $19,500 to give back to our community. This is the largest amount we have ever raised! Group hug! ~Jo Ann
More photos can be found on our Facebook Page ! Like us today.
Colorado Land Title and Durango Area Association of Realtors invites you to a four-hour accredited training session to be conducted by the Department of Veterans Affairs.
“Working With the Veteran Homebuyer” June 10, 2014 - 12:30 to 4:30 p.m. Durango Area Association of Realtors 125 E 32nd Street – Unit #1 Durango, CO Topics covered will include:
Determining Veteran Eligibility Eligible Property Types Required Contract Amendments VA Minimum Property Requirements Qualification/Credit Guidelines Seller-Paid Closing Costs vs. Concessions Allowable/Unallowable Settlement Fees Updates Q&A
The course is free, but reservations are required!! Send email request to Dan at daniel.schutte@va.gov for reserved spot or via fax to 303-914-5666, ASAP, as space is limited. If you have questions, please contact Dan at 1-888-349-7541, option 2.
*The Department of Veterans Affairs is providing this course. Realtors who complete the course will receive a certificate and four hours of elective continuing education credit.
DOOR PRIZES FROM: Ferrara Esthetics & Jean Pierre NEED HELP WITH REALIST? Go to: http://www.realist.com/blog/getting-started
Colorado Capital Bank mortgage Mike & Judy Malone 970.375.2265 970.749.1104 (Judy) Mike and Judy Malone 970.749.1101 (2265) (Mike) 970.375.BANK
Principal
934 Main Avenue, Unit C Durango, CO 81301
1201 Main Avenue, Suite 101 1201 Main Avenue, Suite101 Durango, CO 81301 www.applywithjudy.com NMLS# 449954 FDIC NMLS# 449953
Michael K. Russell, PE
EQUAL HOUSING
LENDER
ph: 970.385.4546 fx: 970.385.4502 e: michael@russellpe.com
www.russellpe.com
Southwest Mortgage Loans, Inc.
Lisa M. Reed President
1099 Main Avenue. Suite 213 • Durango, CO. 81301 970-382-9800 • Fax 970-382-9808 E-mail: lisar@southwest-mortgage.com
Important Updates and Reminders! DAAR 2nd Quarterly Meeting
Wednesday, July 18th The Henry Strater Theatre 8:30 - 10:00 Bonnie Smith with The Summit County Board of REALTORS will be presenting on The Wildfire Insurance and Forrest Health Task Force report. LOCATION CHANGE!!! At The Henry Strater Theatre WHEN: June 18th from 8:30 to 10:00 a.m. Doors open at 8 for networking and breakfast RSVP ON LAMPS TODAY! https://daar.getlamps.net/Default.aspx?page=calendar
GOT EDUCATION?
REALIST TRAINING 101 Date: Tuesday, June 24th From 9am-11am at The Wells Group OR 2pm - 4pm at Coldwell Banker OPEN TO ALL MEMBERS Instructor: Jeff Follis - CREN CEO CE: NONE- Professional Development Cost: Free
Please sign up online using your LAMPS login at https://daar.getlamps.net/Default.aspx?page=calendar Learn how to take full advantage of Paragon’s hottest new feature... Realist tax integration! Come learn tips and tricks that save you time, make your presentations and research more effective, and your Paragon experience more rewarding. You’ll walk away from this session with a wealth of knowledge and a boost to your business knowing how to effectively use these new tax integration features. OPEN TO ALL DAAR MEMBERS!
CONTRACTS REVIEW - LINE BY LINE Date: Thursday, June 26th Times: 9am-4pm Cost: $60 Location: DAAR Office Instructor: John Gillam CE: 6 Hours CE Credit
Sign up online using your LAMPS login at https://daar.getlamps.net/Default.aspx?page=calendar This is NOT a review of changes! This is a full line by line review of the purchase contract and discussion of common pitfalls and liabilities brokers have in our area. Brokers should leave feeling confident in their understanding all of the provisions of the contract, related documents and in presenting offers to clients.
THANK YOU
The Durango Area Association of REALTORS® raised almost $19,500 (our largest event EVER) at our 16th Annual Helping Hands Charity Golf Tournament, which we could not have done without the huge support of
The Glacier Club
Thanks to their generosity, local charities such as Volunteers of America, Southwest Safehouse, Habitat for Humanity and The Boys and Girls Club can continue to support those most in need. 125 E. 32nd St. • Durango CO. 81301 • 970-247-9604
THE GREAT RPAC GIVE AWAY
OVER $5000 WORTH OF PRIZES
❖ Every $50 invested = 1 ticket in the drawing ❖ Prizes include: • 2 tickets to the 2014 Broncos vs. Colts game with a 2 night stay at the Four Seasons Denver, Dinner at Elway’s and car service to and from the game • Westin Snowmass getaway • A Stay at the Broadmoor Hotel • Visa Giftcards • Over $5000 in prizes When? Friday July 11th, 2:30 pm – The Great RPAC Giveaway Live Broadcast from CAR’s Studio R. Deadline to enter: Wednesday July 9th at 5:00pm
“RPAC – YOUR BEST INVESTMENT IN REAL ESTATE” For more details call 800.944.6550 or visit www.ColoradoREALTORS.com
Your contributions are voluntary and may be used for political purposes. You may refuse to contribute without affecting your membership rights. 30% of your contribution may be used by RPAC to support federal candidates and other federal grassroots activities. A portion may also be used by the PSC to support state and local candidates and issues and other grassroots activities. Your contributions are not deductible for federal income tax purposes. No purchase necessary to participate.
16th Annual Charity Golf Tournament The Durango Area Association of REALTORS速 would like to thank the following for helping us raise almost $19,500. Their generosity will help local charities continue to support those most in need. A Special Thanks to The Glacier Club for donating your stunning golf courses, wonderful lunch, helpful staff, time and efforts!
HOLE SPONSORS
Bank of the San Juans Colorado Assn. of REALTORS Cobalt Mortgage Coldwell Banker Colorado Land Title Durango Motor Company Elements at Edgemont Highland Exclusive Remodeling First National Bank Homes & Land of SW CO.
House Masters Keller Williams Land TitleGuarantee Mantell-Hecathorn Builders Residential Mortgage of Colorado Stewart Title The Harvey Team The Wells Group Zone 3
EVENT SPONSORS
Chimayo Hillcrest Golf Course Ken & Sues
Land Title Guarantee Red Snapper Y.E.S.S. The Book Hutch
PLACE SPONSORS Bank of Colorado Mortgage - 1st Place Wells Fargo Home Mortgage - 2nd Place Dalton Ranch Golf Course - 3rd Place
COOKIE SPONSOR
Yes, a Cookie Sponsor! Over the years The Double Tree Hotel has graciously donated their wonderful cookies and once again the players and volunteers REALLY appreciate it!
DAAR CALENDAR OF EVENTS June 2014
June 2014 Su 1 8 15 22 29
Sunday
Jun 1
Monday
2
Tuesday
3
Wednesday
4
Mo 2 9 16 23 30
Tu 3 10 17 24
We 4 11 18 25
Th 5 12 19 26
July 2014 Fr 6 13 20 27
Thursday
5
Jun 1 - 7
9
10
Jun 8 - 14
Newsletter Published
15
16
Jun 15 - 21
22
11
10:30am 11:30am Collaborative Legislative Meetings 12:30pm 4:30pm VA Loan training for REALTORS (DAAR off
17
23
12
10:00am 12:00pm VA loan training for LENDERS (DAAR offi 12:30pm 2:30pm VA loan training for LENDERS (DAAR offi
18
24
Mo
6 13 20 27
7 14 21 28
Tu 1 8 15 22 29
We 2 9 16 23 30
Friday
Th 3 10 17 24 31
Fr 4 11 18 25
Sa 5 12 19 26
Saturday
7 Aspen Golf Tournamen
11:30am 12:30pm Community Service Committee
Father's Day (United St
Su
6
8:30am 10:30am Executive Committee (DAAR)
8
Sa 7 14 21 28
13
19
8:30am 10:30am DAAR Quarterly (The Henry Strater Theatre)
25
14
4:30pm 6:00pm DAAR picnic (DAAR Parking Lot)
Flag Day (United States
20
21
27
28
4
5
8:30am 10:30am BOD Cmte (DAAR)
26 Contracts Class Tentati
Jun 22 - 28
REALIST DAY???
30
Jul 1
2
3
Jun 29 - Jul 5
29
staff
1
6/9/2014 12:08 PM
The 2013-2014 Durango Area Association of REALTORS速 Board of Directors: President / Kelly Kniffin / 749-3867 / Kelly@homesdurangoco.com President-Elect / Jim Wotkyns / 375-7005 / jim@jimwotkyns.com Past President / Denise Storm / 759-9819 / denise@denisestorm.com Vice President / Jerome Bleger / 759-1658 / jerome@yesdurango.com Treasurer / Cathy Craig / 749-3986 / ccraig@durangomountain.com Director / Gabi Bergstrom / 946-7522 / gabi@frontier.net Director / Linda Buzzalini / 259-6680 / lindabuzz@frontier.net Director / Nicole Perino / 259-6680 / perinodurango@gmail.com CAR Director/ Jarrod Nixon / 769-0774/ jnixon@yesdurango.com
Association Office Staff Executive Officer/ Amanda Erickson/ 247-9604/ amanda@durangorealtor.com Member Services/ Jasmyn Fouts/ 247-9604/ jasmyn@durangorealtor.com MLS & Communications/ Jo Ann Johnston/ 247-9604/ joann@durangorealtor.com
M
Ethics Corner- By Steve Stazel Steve Stazel is a senior ethics instructor for C.A.R. since 1979, teaching the Professional Standards course here in Durango and across the state of Colorado. He has been a REALTOR since 1974 and is a member of N.A.R.’s Professional Standards Committee. Steve is available to answer your ethics questions at 303-773-3333 or email him at stazels@msn.com
WHAT DO YOU SAY TO YOUR SELLERS WHEN YOU TAKE A LISTING? Standard of Practice 1-12 gives us some guidance here. It states the following; “When entering into listing contracts, REALTORS must advise sellers/landlords of 1) the REALTOR’S company policies regarding cooperation and the amount(s) of any compensation that will be offered to subagents, buyer/tenant agents, and /or brokers acting in legally recognized non-agency capacities. In Colorado this requirement is met in the listing contract. Here it is the REALTOR and the seller who decide these things. 2) The fact that buyer/tenant agents or brokers, even if compensated by listing brokers, or by sellers/landlords may represent the interests of buyers/tenants; Do you tell your sellers “Don’t give away any of our secrets to brokers showing your house. You can certainly be friendly to everyone but don’t compromise your negotiation position. Mr/Mrs seller the reason you are selling is that you are getting a divorce. If you divulge that to a showing broker it will give them a negotiating advantage. If anyone asks you why you are selling have them call me” 3) any potential for listing brokers to act as disclosed dual agents, e.g. buyers/tenant agents. In Colorado we would agree in the listing agreement what our status would be if WE procured the buyer. You may have noticed in #1 above the words, “brokers acting in legally recognized non agency capacities” Consider that to mean Transaction Broker here in Colorado. “Well,” you might ask, “If it means Transaction Broker why doesn’t it say Transaction Broker?” You ask a good question. Here is the reason.....In some states what we call Transaction Broker is called something else. It might be called “Facilitator” or some other name…so “legally recognized non agency capacity” will address whatever the term used in any state.
COMMITTEE MEETINGS SCHEDULED Committee
Date/Time/Location
Contact Information
Collaborative Legislative Mtng Tuesday 6/10/2014 - 10:30 - DAAR Jo Ann - joann@durangorealtor.com Tuesday, 6/17/14 - 11:30 - DAAR Jo Ann - joann@durangorealtor.com Community Service Thursday, 6/19/14 - 8:30 - DAAR Amanda - amanda@durangorealtor.com Board of Directors
BrokerConnections
presented by:
A Colorado Association of REALTORS® Program
The Broker Connections initiative is designed to create an effective connection between the Colorado Association of REALTORS® and the Broker/Owner Community
2014 Broker Owner Symposiums Systems Keep You Sane, Presented by Chandra Hall This session is designed to teach Managing Brokers and Broker Owners how to efficiently grow their real estate business. The reality is that we work in a new environment. From financing rules and procedures to effectively marketing yourself and your services, this industry is constantly evolving. Get the updates and tools that are critical to your business that will further promote you as the real estate professional in this ever-changing market. You will get practical and proven concepts, strategies, tools and tips that can have an immediate impact for true business growth. Industry Trends Forum For the second of half of the program, we invite you to participate in an open forum to discuss data aggregation and other key industry trends impacting your business.
FEATURING
RSVP Today Grand Junction August 14, 2014 1:30-4:30 PM Location: Wine Country Inn 777 Grande River Drive Palisade, CO 81526 Co-hosted by: Grand Junction Area REALTOR® Association CAR Convention October 21, 2014 2:15 – 5:00 PM Colorado Convention Center 700 14th Street Denver, CO 80202 To learn more or to RSVP to an event, please contact Wes Parham or Julie Woodfin at: profdev@coloradorealtors.com 303-790-7099 www.ColoradoREALTORS.com
Chandra Hall Speaker | REALTOR® | Builder “Systems Keep You Sane”
Jim Wanzeck Broker Owner, RE/MAX Masters CAR Broker Connections Program
www.ColoradoREALTORS.com
Reverse Mortgage for Purchase: One down payment and no monthly mortgage payments as long as the senior occupies the home as their primary residence. They also continue to pay taxes, insurance, and maintain the home. Questions about reverse mortgages? Call Cobalt Mortgage and get all the facts.
George Johnson NMLS-418631 Reverse Mortgage Loan Originator 970.828.2408
george.johnson@cobaltmortgage.com
Cobalt Mortgage, Inc. NMLS-35653 Regulated by the Division of Real Estate. Š 2013 Cobalt Mortgage, Inc., 11255 Kirkland Way, Suite 100, Kirkland, WA 98033. Toll Free: (877) 220-4663; Fax: (425) 605-3199. NMLS Unique Identifier: 35653; Arizona Mortgage Banker License #0909801; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.; Regulated by the Colorado Division of Real Estate; Nevada Mortgage Banker #3723; Nevada Mortgage Broker #3725; Oregon Mortgage Lender License #ML-2991; Washington Consumer Loan License #520-CL-48866. George R. Johnson, NMLS-418631. Ticket #2013082810001569
What’s Happening With The Membership? Welcome New Members! Nick Brozovich - Keller Williams Aaron Schenk - Coldwell Banker Mitch Hobby - Keller Williams
Allie Burnett - Durango Homes & Land Philip Schoon - Keller Williams
Welcome New Affiliates! Sam McCullough - The McCullough Group
Transfers AGENT NAME: Julie Itter
TRANSFERRING FROM: Summit Ridge Realty
TRANSFERRING TO: The Home & Loan Center
Welcome MLS Only Members! Marianne Smith - HomeSmith Real Estate
Good Bye
and
Robyn Wille - Durango Real Estate Investment
Good Luck! Elena Benavides - Coldwell Banker
June Birthdays Lori Elworthy ~ 6/1 Timi Jo Sachs ~ 6/3 Diane Gray ~ 6/7 Heather Erb ~ 6/8 Joe Clair ~ 6/9 Larry Turner ~ 6/11 Kim Hall ~ 6/12 Gregg Darling ~ 6/15 Amber Johnson ~ 6/17 Katie Aggeler ~ 6/22 Patty Dressel ~ 6/24 Lorri Carey ~ 6/24 Anand McManus ~6/24 Charles Rigby ~ 6/26 Kurt Gerlach ~ 6/27 Peter Berriman ~ 6/27 Joanne McKnight ~ 6/28 Denise Rentz ~ 6/28