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May 2013

Volume X Issue 5

The Realtors® Association of Citrus County, Inc exists to inform, educate and uphold the high standards set forth in the REALTOR® Code of Ethics enhancing our members professionalism and image while fostering cooperation among our members and serving our communities. We provide education and leading-edge technology to better safeguard private property rights and promote equal housing opportunity.

Last month I asked what the month of April meant for you. This month I will share what it was. I have to share the wonderful story that was shared with all the Realtors that participated at the Rally for Tally. So the story goes like this. It was a beautiful Wednesday in the Month of April, where Buses where arriving for Great American Realtor Day Rally in Tallahassee. During the start of the rally there was a wonderful performance with a singing group who sang patriotic songs to get us all pumped up. Once they completed their performance, President Dean Asher started the Rally, which began like this; I would like you all to look at the screens and meet this incredible Solider«Then on the two Big screen appears this Soldier who began to tell his story, and it went something like this: ³I wanted to do something for my country, so I signed up, once basic training was completed I was deployed to Afghanistan leaving my wife and two small children behind. Within the first month deployed I was severely injured while driving as we ran over a road bomb and blasted the vehicle and my best friend was killed. I was immediately rushed to the hospital where I had a severe trauma to the head and major injuries to my arms. After about three months of rehab they wanted to discharge me, however I fought as I needed to get back to my brothers. I was sent back to Afghanistan for additional 24 months.´ President Dean Asher then introduced the Solider and his family and made them honorary guest for the Rally. We continued to discuss the issues at hand and the most important the Sadowsky Fund (otherwise known as SHIP to us) and the importance of Home Ownership. The Rally continued to have more patriotic singing, and then President Dean Asher approached the podium and spoke about the Meaning of the Rally and Homeownership Matters. President Asher continued to speak about our guest, the soldier, and stated that he had never owned a home, but with the partnering with Chase Bank and Florida Realtors, we have something special to tell you, Dean then told all of us to look at the big screens again, and on those screens was Florida Realtors Homeownership Car with a corner of a garage in the upper left hand corner. At that point we were all asked to chant the following ³MOVE THAT CAR MOVE THAT CAR´«.and there appeared this beautiful rehabbed home, that was then presented to the Soldier. He was given his first home. «I honestly have to say that I do not think there was a dry eye in the house. I was never prouder to be a Realtor than that moment. The next big event for the month of April was our Annual RPAC Chili Cook-off and a Cook-off it was. During this evening there were great tasting Chili¶s, soups and chowders, along with a wonderful Silent Auction, not to mention the Live Auction. Fun was had by all who attended. Our RPAC Chairwoman and her committee did an outstanding job and raised around $9,500.00 in RPAC Funds. This has put our association again over 150% of Goal. Everyone needs to be commended for their hard work, the membership participation, and the great cookers.

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And finally, as we were approaching the end of the month, we had our District 7 Meeting, where the main Speaker was John Tucillo our Chief Economist for Florida Realtors. What a great presentation he provided, and how we are in the upswing. His main message that he wanted us to take away is not the typical ³now is the time to Buy´ but encourage all of us to go back to the seller who wanted to list their home and decided the list price would not work for them, and tell them ³Now is the time to SELL!´ What great words to hear. I truly do not know about you, but I am as busy as 2005 and 2006, but just not with the inflated prices. He spoke about Citrus County and the inventory approaching 7 months left, and the dynamic shift that will be and has started to happen to the Sellers Market. We ended our district meeting with the candidates who are running for office at the state level, and listened to their passions, and desire to serve in a voluntary role. What a great day. Dr. Tuccillo¶s slide presentation from the District VII Conference can be viewed at http://youtu.be/Nrcs-iix64A Regards, Cheryl

2013 Relay for Life

A Great big thank you to all who helped raise money for the American Cancer Society. This year we raised $2,631 for our Relay for Life Team. I was privileged with Becky Norman to serve on this event. Becky and I had a chance to visit the resource center at the local cancer society office near the Citrus Memorial Hospital in Inverness. They give out free wigs, prosthetic breasts, pain medication, rides to doctors and more to patients who need help. We DID SOMETHING POSITIVE. Our top fundraiser was Kathy Davi with $935, and Helga Squires with $625. Thank you again~ Lorelie LeBrun

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Annual RPAC Chili Cook-Off Another year, another successful Chili Cook-Off! The evening started out with the induction of 5 new Realtor Members: Maria Fleming Prudential Florida Showcase Properties Jeyte Gilson EXP Realty Susan Gray Tropic Shores Realty Robert Kodish Trotter Realty Carl Manucci Prudential Florida Showcase Properties Congrats and welcome to RACC! President Cheryl Lambert took a moment to introduce the judges; Sherri Meadows~ President Elect of Florida Realtors®, Bill Deese~RPAC District 7 Trustee, Bert Meadows~ OMCAR Member and Sara Gross~ Political Representative Florida Realtors®. Those in attendance, as well as the judges had the opportunity to sample 16 different types of Chili, Soup and Chowder and place their bids in the silent auction before heading inside to participate in the live auction with Auctioneer Greg Lord. This year¶s auctions offered items such as gift baskets, rounds of golf, flat screen TV¶s and so much more. The 2013 Cook-Off winners are: 1st Place~ Jane Tessmer, Brannen Banks 2nd Place ~ Jacqui Watkins, John C Meyer Sr. Locksmith Hottest: 1St Place~ Kelley Paul, Wollinka Wikle Title 2nd Place~ Rosanne Skipper~ Prudential Florida Showcase Properties Most Original: 1st Place~ Air FX 2nd Place~ Linda Bega, Landmark Realty Best overall: Susan Troy, Sun Trust Best Booth: 1st Place~ EXIT Realty Leaders 2nd Place ~ Citrus County Chronicle Other lucky winners of the night included: Best Soup:

Broker of the Year

Tasia Seijas~ Liquor Wagon Linda Cridland Rob Tessmer Jr~ $25 Gift Card John Maisel~ Door Prize, Gift Basket Robert Rodriguez~ $203 for the Share and Share raffle Karen Ropes had a chance to draw for the Queen of Hearts; she will receive a free lunch

Dave Seijas, Sarah Spencer, Karen Ropes, Sherry Meadows, Sherry Edwards, Frank Strifler, Richard DeVita, Ryan Bishara, Marvia Korol, Rosanne Skipper, Nancy Ayres, Jason Gaffney, Peter Korol, Kathy Chapman, Holly Jones, Rob Tessmer Jr, Cat Farrell, Tonya Kramer and Peggy Taylor also won the Chili Gift Basket Centerpieces courtesy of our Business Partners of the Month, First International Title and Law Office of Doris M. Rodriguez.

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New Members: Bob Kodish~ Trotter Realty, Carl Manucci~ Prudential, Jeyte Gilson~ EXP Realty, Maria Fleming~ Prudential and Susan Gray~ Tropic Shores

Tasia Seijas was the lucky winner of the Liquor Wagon

Some of the Winners: Susan Troy~ Best Overall, Rosanne Skipper~ 2nd Place Hottest, Jacqui Watkins~ 2nd Place Best Soup, Kelley Paul and Amanda Rowthorn~ 1st Place Hottest, Candy Phillips~ 2nd Place Best Booth, Brittany Reeves and Gene Wade~ 1st Place Best Booth

16 different types of Chili, Soup and Chowder

The Judges: Bert Meadows~ Ocala, Sherri Meadows~ FR President Elect, Bill Deese~ RPAC Trustee and Sara Gross~ FR RPAC Representative

Rob Tessmer Jr manning the grill

Auctioneer Greg Lord during the Live Auction

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Rally in Tally On April 9th and 10th the Annual Great American Realtor® Days was held in Tallahassee. On the 9th, our AE, Leadership Team and Committee Chairs traveled north to kick off the event. The first thing on the agenda was a tour of the Governor¶s Mansion before heading over to the Block Party. At the Block Party they had a chance to network with Realtors® and Legislators from around the state while enjoying themed food stations such as the Latin Station, the Southern Station, Seafood and more. Day 2 brought more great events. While 25 members were traveling from RACC to Tallahassee by bus, those already in Tallahassee were heading to Waller Park to meet the rest of our Members and enjoy lunch. After lunch everyone made their way to the Capital Courtyard for the first ever Rally in Tally and what an event it was, from the Sea of Blue Realtor® Shirts to all the special guests and surprises. Florida Realtors President Dean Asher started the Rally with a truly moving presentation, Florida Realtors, in partnership with Chase Bank and the Military Warriors Support Foundation, handed the keys to a newly-remodeled home in Port St. Lucie to retired Sgt. Michael Burke, a wounded Florida veteran of the Iraq and Afghanistan War«Mortgage Free!! Next those in attendance had the opportunity to hear from the Florida Realtors Leadership Team before moving inside the Capital to meet with our Local Legislator, Jimmie T. Smith.

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One of Your Florida Realtors® Member Benefits Legal Services Legal Hotline Talk isn¶t cheap. After all, if you had to hire an attorney every time you had a legal question, it would cost you big bucks. But for the price of a phone call, you can speak to one of the Florida Realtors® attorneys on the Legal Hotline. Just call between the hours of 9 a.m. and 5 p.m., Monday through Friday.

You may speak with an attorney on various real estate topics including licensing, contracts and landlord/tenant matters. Although the Legal Hotline service is not a substitute for personal legal counsel, it does offer prompt answers to specific questions to help avoid potential problems. Please have your real estate license number handy when you call ² 407.438.1409. Save time: Ask a legal question online Legal questions may now be emailed to the Legal Hotline. Members will receive a live callback from a Legal Hotline attorney. Ask a question now. (login required) Standard real estate business forms Ever try to do business without bulletproof, field-tested business forms? We use our years of expertise and experience to develop time-tested, researched and documented business forms for your business. Log in to Form Simplicity to get free access, 24 hours a day, to access free real estate forms. Legal Action Fund When they throw a punch, we fight back. The Florida Realtors® Legal Action Fund provides financial consideration to members, local Boards and Associations or others involved in litigation of significance to Realtors, private property rights or the real estate industry as a whole. For more information about the Legal Action Fund, call us at 407.438.1400, ext. 2426.

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Realist Version 1.9 The 1.9 version of Realist will be installed the evening of Monday, May 6th, and will be available to your the morning of May 7th. Realist may be unavailable for several hours during that installation process. For more info please view the video http://youtu.be/x_LFiUK91Uk A 4 page detailed overview was emailed to all MLS members May 1st

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Flood Insurance Subsidies Begin Phase-out A phase-out of federal subsidies for older homes receiving federal flood insurance has kicked in as outlined under the flood insurance reform and reauthorization law enacted last year. As a result, some owners of older properties could see their portion of flood insurance premiums rise. Under the phase-out, owners of second homes and vacation homes see a 25 percent increase in their premiums. That began on January 1. Starting in June, owners of business properties and properties that have experienced severe repetitive losses from flood damage will see a 25 percent increase in their share. Other incremental increases in the share of premiums owners are responsible for are forthcoming this year as well. Access a rate scheduled by clicking the following link: http://nfipiservice.com/Stakeholder/pdf/bulletin/w-12043.pdf? om_rid=AAAZee&om_mid=_BRJR4vB8w83E3b&om_ntype=INSWeekly

An NAR brochure is available on how to explain the reforms to customers. Click this link: http://www.ksefocus.com/billdatabase/clientfiles/172/8/1265.pdf? om_rid=AAAZee&om_mid=_BRJR4vB8w83E3b&om_ntype=INSWeekly For more info contact Austin Perez, 202/383-1046.

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House Flipping Staging a Comeback? Daily Real Estate News | Friday, April 26, 2013 More Americans are once again on the hunt to snag a home at bargain prices, fix it up, and then try to resell it for a quick profit. Home flippers mostly vanished from the market during the housing downturn a few years ago. But with home values inching up, flipping is coming back. RealtyTrac says flipping increased for the second year in row, rising a slight 0.33 percent in 2012 from 12 percent in 2011. The company defines flipping as buying and selling a property within six months. RealtyTrac reports the average gross profits for these types of transactions was $37,375 in 2012. According to the company, some of the best places to flip homes in 2012 were Orlando, Fla.; Richmond, Va.; Tucson, Ariz.; and Charlotte, N.C. For example, homes flipped in Orlando were purchased for $100,397, on average, and then for $174,895 ² earning a gross profit, on average, of nearly $75,000, RealtyTrac reports. Investors are showing signs of being more cautious with flipping than they were during the housing boom. More investors are coming in with all-cash deals to purchase the homes. They also are holding onto the properties longer than they once did. On average, the flipping time from purchase to resale stands at about 106 days today, according to RealtyTrac. "That seems to be the sweet spot for a profitable deal," says Daren Blomquist, vice president at RealtyTrac. "Back in the housing bubble, many flippers were solely relying on price appreciation, sitting back and selling for big profits within a month or two." Source: ³The New Rules of House Flipping,´ Reuters (April 18, 2013)

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REALTORS® Urge Preserving Homeownership Tax Policies Daily Real Estate News | Friday, April 26, 2013 As Congress pursues comprehensive tax reform it should focus on doing no harm to housing and America¶s 75 million homeowners by maintaining current tax laws for homeownership and real estate investment, the National Association of REALTORS® said in testimony yesterday. NAR President Gary Thomas testified before the U.S. House Ways and Means Committee concerning Federal tax provisions that affect residential real estate. Thomas said that homeownership has had long-standing support in the country because of its many benefits to individuals and families, communities and to the nation¶s economy. ³REALTORS® know that homeownership is an investment in your future and for many people, owning a home helps them gain a foothold into the middle class,´ Thomas said. ³NAR remains committed to preserving the current tax measures for homeownership so that millions of Americans can continue to build the kind of financial security that owning a home can provide.´ In his testimony, Thomas said the current tax code contains housing-related provisions that help facilitate homeownership, build wealth for families and provide stability to communities. Altering these policies could marginalize current and future home buyers as well as jeopardize the nascent housing recovery and the overall economy. Thomas urged specific support for maintaining the current deduction for home mortgage interest. The mortgage interest deduction helps many families become home owners, which is the foundation for a healthy middle class, and it is vital to the health and stability of housing markets. The mortgage interest deduction primarily benefits middle- and lower-income families. Sixty five percent of families who claim the deduction earn less than $100,000 per year, and as a percentage of income, the biggest beneficiaries are younger middleclass families. ³The mortgage interest deduction makes sustainable homeownership more affordable for millions of middle-class families; these families are the nation¶s backbone,´ said Thomas. ³Protecting these hard-working Americans should be Congress¶ top priority as it pursues comprehensive tax reform. On behalf of our one million REALTORS® members and millions of home owners, we urge Congress to do no harm to housing.´

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Quarterly InnoVia Webinars - Sign Up - View Recordings Follow the link below to register for upcoming quarterly InnoVia training webinars. Previously recorded webinars are also available for viewing. You can also access the webinars and recordings at any time from the online Help Topics, just click the Webinars/Training page on the left side of the help system. http://www.getoffutt.com/Help/help3/training.htm

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MLS WARNINGS AND FINES FOR April In

April

the

MLS

issued

the

following

to

Warnings: Duplicate Lis(1) Wrong Category or Area (1) No Photo (9) Branded Virtual Tour (0)

Par Pending and Closed (1)

Fine: (2) Violation of the same offense will be subject to the following: 1st offense:

Written Notice

2nd offense:

$50.00 Fine

3rd offense:

$100.00 Fine

Failure to submit contingent, pending and closed information within two (2) business days.

Failure to enter a photo. Note: The seller may request in writing a photograph of the property not be included.

Failure to enter a listing in the correct category.

Duplicate address and/or alternate key for the same property.

Volunteers Needed Regions Bank and A-1 Title are the Business Partners of the month for the July family picnic being held on July 11 at 5:30 p.m. Volunteers are needed for planning, working a station, etc. If you are interested, please come to a meeting being held on Tuesday, May 7th at 1:00 p.m.

If you have any questions, please call Bonnie at (352) 746-7550.

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May 2013 Sun

Mon

Tue

Wed

Thu

Fri

Sat

2

3

4

Board of Directors 8:30am

Referrals~ The Name of Game 9-11am NO CE

8

9

10

11

11:30 Business Partners mtg

9am General Membership Meeting 9am

1

5

6

7 8:30am Education Committee

February 2013

Orientation 8am-4pm

10:30 RPAC Comm.

1:00 Tech Committee

Contract to Close 9am

1pm iCE Class~ Meeting the Needs of Challenging Clients 3 HR CE

12 Mother¶s Day

13

14 9am Closing with the Three C¶s 3HR CE

15

16

17 1pm Ask the Expert~ Citrus County Housing Services

18 Armed Forces Day

19

20

21

22

23

24

25

9am Budget Meeting

26

27 Memorial Day CLOSED

28

MLS Board of Managers 9am

29

30 Board of Directors 8:30am 1pm Understanding Mold 3 HR CE for Realtors, 4HR CE for Insurance Agents

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March and April Residential and Vacant Land MLS Stats These statistics were taken from the MLS on March 31 , 2013 RESIDENTIAL

These statistics were taken from the MLS on April 30, 2013

VACANT LAND

RESIDENTIAL

VACANT LAND

Active

1693

Active

1643

Active

1657

Active

1677

New

366

New

115

New

385

New

140

Closed

233

Closed

68

Closed

231

Closed

46

Pending

306

Pending

47

Pending 325

Pending

65

BOM

139

BOM

74

BOM

BOM

58

Expired

145

Expired

Expired

109

Withdrawn 64

Withdrawn

109

150

Expired

20

Withdrawn

152 77

Withdrawn 19

Chart displays Closed listings

600 500 400

Single Family

300

Condo Mobile

200

Vacant

100 0 1st Qtr

2nd Qtr

3rd Qtr

4th Qtr

Realtors Association of Citrus County 714 S Scarboro Ave Lecanto, FL 34461 Phone: 352-746-7550 Fax: 352-746-3223 email: bonnie@raccfl.com Web: http://www.raccfl.com

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May Newsletter