KOSCIUSKO BOARD OF REALTORS May 2017 NEWSLETTER. May 2017 KBOR President s Letter

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1 KOSCIUSKO BOARD OF REALTORS May 2017 NEWSLETTER May 2017 KBOR President s Letter Greetings REALTOR and Affiliate Members, It was another great turnout for our General Business Meeting with over 90 attendees. Thanks to all that take the time to attend these Meetings; they just keep getting bigger and better. Get ready for the July 19 th Third Quarter Meeting featuring the 2017 RPAC Drive; the July meeting is usually the biggest of the year! Volume 4 Issue 5 May 2017 FIND IT ON PAGE.. President Letter 1 IAR Housing Stats 2 NAR & IRMLS Updates 3 Another great KBOR event is coming in June. We already have early bird teams and sponsors signed up for the 24 th Annual KBOR Charity Golf Outing on June 12, The Annual Golf Outing is KBOR s #1 fundraiser for all of KBOR s children charities. For example, coming up in May will be the announcement of the 2017 KBOR Scholarship winners. Three outstanding Kosciusko County students will each receive a $1,000 Scholarship. So, remember, besides enjoying a fantastic day of golf and fellowship, you are supporting the children of Kosciusko County. See Page 8 for all the details including registration forms. Also in this newsletter, check out two brand new events coming up in May and June. On Thursday May 25 th, Morning Coffee Update will feature Deputy Mike Speigle, Investigations Division, Kosciusko County Sheriff s Department presenting REALTOR Field Guide to Meth Labs. Then on Wednesday June 21 st Bob Sanders of Metropolitan Title will be presenting Title 101. See all the details including reservation links on page 7. As usual, these two events are free; an incredible benefit of your KBOR membership. Finally, I would like to thank three members that stepped up in April for KBOR to help in complying with 2017 Core Standards. First, Fab Holsclaw, of the Brian Peterson Group and James Bausch of RE/MAX Results manned the KBOR table at the Kosciusko Chamber of Commerce 4 th annual GPS 2 Success career exposition at Grace College. Next, Charlie Mills, Homes Land and Lakes Realty, made a presentation on the current Kosciusko County real estate landscape to the Kosciusko Economic Development Corporation. Both of these events fall under Core Standard s Community Involvement and Investment. This category promotes the value proposition of enhancing the REALTOR image/brand in our communities. Thank you Fab, James and Charlie for your time representing KBOR! IRMLS: Services Provided Real Estate License Renewal Reminder 2017 Upcoming Events Field Guide to Meth Labs Class & Title 101 Class 2017 KBOR Golf Outing 2nd Quarter General Business Meeting YMCA and the Career Exposition New Members and Membership Count Regards, Mark Skibowski, 2017 KBOR President

2 Page 2 Volume 4 Issue 5 March 2017 Indiana Housing Data INDIANA REAL ESTATE THIS SPRING: COMPETITION IS IN THE AIR FOR BUYERS Statewide Prices and Contract Signings Rise Despite Fewer Available Listings (INDIANAPOLIS, IN) As temperatures started to rise, Indiana home hunters hit the open house trail in droves to find fewer homes available for sale in the traditionally busiest buying season, as found in the Indiana Real Estate Markets Report today released by the Indiana Association of REALTORS (IAR). Statewide year-over-year review (March 2017 vs. March 2016) with inventory information: Number of new listings decreased 5.4 percent to 10,374 Closed home sales increased 13.2 percent to 7,485 Pending home sales decreased 0.4 percent to 8,090 Median sales price of homes increased 4.4 percent to $139,900 Average sales price of homes increased 6.1 percent to $166,710 Percentage of original list price received increased 0.6 percent to 95.2 percent Inventory of homes for sale decreased 16.2 percent to 27,375 units Month s supply of homes for sale decreased 20.8 percent to 3.8 months Statewide year-to-date comparisons (Q vs. Q1 2016): Number of new listings decreased 3.6 percent to 25,332 Closed home sales increased 6.3 percent to 16,731 Pending home sales increased 0.8 percent to 19,965 Median sales price of homes increased 4.7 percent to $135,000 Average sales price of homes increased 6.5 percent to $162,876 Percentage of original list price received increased 0.9 percent to 94.8 percent March s seasonal uptick in new listings although still below 2016 levels was enough to fuel an increase in contract signings throughout most of the state, said 2017 IAR President Cheryl Stuckwish of Vallonia. But, the bottleneck low inventory issue keeps impacting buyers home searches in many markets. If they re serious about buying real estate, folks should think hard about locking in a rate and price sooner rather than later. Quality listings are going fast. When demand is as high as it is now, buying will likely get more expensive and competitive going forward. The Indiana Real Estate Markets Report obtains data from 11 of the state s 12 Multiple Listing Services (MLSs), including the Broker Listing Cooperative (BLC ) in central Indiana. To date, the report represents 98 percent of the housing market statewide and 91 of 92 Indiana counties. Statewide Housing Market Overview: View File Kosciusko County- One Month and Year-to-Date Report : View File

3 PAGE 3 Volume 4 Issue 5 NAR Government Affairs Update Click on the link to view NAR s 2017 Spring Break Report from NAR Government Affairs. On this page you will find information on several issues of critical importance to REALTORS. This information will help REALTORS prepare for any potential meetings with Members of Congress during the upcoming 2017 Spring District Work Period. If you have any questions please direct them to John DiBiase, Government Affairs Communications Director jdibiase@realtors.org or IRMLS Update Paragon v5.58 Release Date: May 3, 2017 CMA Presentation Setup Default options from the CMA Presentation Setup added to the CMA Preferences Wizard Users will have the ability to set the default options for the Comparable Report, CMA Summary, CMA Comparable Property Statistics, and CMA Seller's Net Sheet Client Connect Renamed to "Collaboration Center" All references to Client Connect in Paragon have been changed to "Collaboration Center" or "Collab Center" for improved branding Paragon "Collab Link" Mobile View In response to feedback, the Mobile report view will display on a recipient's smartphone or tablet for manually ed listings or those sent via an auto notification link including: Improved performance Additional information added to the thumbnail and detail reports A loading message when displaying the detail report Photo navigation enhancements

4 PAGE 4 Volume 4 Issue 5 Indiana Regional MLS Do You Really Know All It Offers? SERVICES PROVIDED: 1. A single MLS database for 14 local Associations- Paragon MLS by Black Knight. 2. All listings and membership information maintained and searchable in ONE system. 3. Access to ZipLogix library from the MLS- auto-fills MLS data into your ZipForms transactions. 4. Paragon offers Integrated Tax data for all Indiana counties through Real List -Automatic updates and support provided by Realist Tax Data Services & IRMLS. Auto -fill Tax data from Tax database into new listing through Paragon. 5. Showing Time Service integrated into Paragon -free interface to other showing services used by Brokerages. 6. SUPRA products and services integrated into Paragon MLS- MLSi gives Supra customers' ability to assign a lockbox to a listing while in Paragon MLS. 7. Free Basic Virtual Tours for IRMLS members - Reduced fees for Association or Agent premium upgrades. 8. Hunt License for CloudCMA- integrated into Paragon - reduced product fees. 9. Paragon Staff & Agent Training - Online videos, Live Webinars and How-To's. 10. #800 - MLS Support lines for members. 11. Paragon Mobile MLS available for mobile phones, ipad s and other tablets at no charge. 12. One Common set of Rules & Regulations approved by NAR. 13. One Common set of Input forms. 14. Webinars and online training available for board staff and members. 15. ListingDiv -Automated listing data compliance checker- helps association staff and members track data that is entered out of compliance with IRMLS rules.

5 PAGE 5 Volume 4 Issue 5 License Renewals The end of the current license renewal cycle (July 1, 2014 June 30, 2017) is approaching. The Indiana Professional Licensing Agency has begun to send out 90 day notifications prior to the renewal date of June 30, Watch for s from: Indiana Professional Licensing Agency <ipla@subscriptions.in.gov> with the following header: This will have all the information on how to renew your license including an On-Line Renewal Service link. A few reminders: You do not need to submit your CE or course certificates of completion. Just save those certificates in case of an audit. Brokers: You should be on track to complete 36 hours of state-approved training (that is 12 hours each year of the 3-year license renewal cycle.) If not, KBOR is offering 12-hour CE on May 9th and May 10th; see the April Newsletter for all those details and registration link. If you are short even more hours, call RECP at or info@recp.org for suggestions for on-line courses to assure you have 36 hours of training by June 30, Managing Brokers: Please remember that 4 of the 12 hours of CE you complete each year must be state-approved Managing Broker curriculum. Note: All 12-hour CE offered by KBOR in the last 3-year cycle included 4 hours of Managing Broker curriculum, so if you attended one of those 12-hr CE session each year, you have met the Managing Broker requirement. Brokers Newly Licensed Since July 1, 2014: You must complete a state-approved 30-hour Broker post-licensing course within 2 years of your license issue date. This course is required and satisfies your initial CE requirement during the first 2 years of licensure. Note: If you have not met this requirement, call RECP at or infro@recp.org for on-line courses or locations of live classes.

6 PAGE 6 Volume 4 Issue 5 Special Request for Events and C/E Registration We cannot wait to see you at all of our upcoming events! We do ask, if you sign up for an event, please make every effort to attend that event. Arrangements for food, handouts, seating, etc. are made ahead of time and when you do not attend; it costs us all. Looking forward to seeing you at our upcoming events and CE the rest of 2017! 12-Hour Broker Continuing Education Morning Coffee Update REALTOR Field Guide to Meth Labs Dates: Tuesday, May 9, 2017 and Wednesday, May 10, 2017 Date: Thursday May 25, 2017 at 9:00 a.m. Speaker: Deputy Mike Speigle, Investigations Divisions, Kosciusko County Sheriff s Deptartment Details and Link on Page 7 Kosciusko Board of REALTORS Charity Golf Outing Date: Monday June 12, 2017 Tippecanoe Lake Country Club Details and Links on Page 8 Title 101 Class Date: Wednesday June 21, :00 a.m. Instructor: Bob Sanders, Metropolitan Title Details and Link on Page 7 3rd Quarter General Business Meeting Date: Wednesday July 19, :30 a.m. Tippecanoe Lake Country Club Red Flags Property Inspection Guide Class Date: Tuesday August 22, 2017 Instructor: Edd Habegger New Members Orientation Sponsored by Meridian Title For all new 2017 REALTOR Members Date: Thursday September 21, 2017 Where: The Meeting Place Advanced ZipForms Training Date: September 27, :00 a.m. noon Instructor: James DeBender 3rd Annual 5K Build A Home-Run Benefiting Habitat for Humanity Date: Saturday October 7, 2017 Where: Winona Lake Trails Annual Christmas Party Date: Friday December 1, 2017 Tippecanoe Lake Country Club

7 PAGE 7 Volume 4 Issue 5.Upcoming Events Details Continued Morning Coffee Update REALTOR Field Guide to Meth Labs Date & Time: Thursday May 25, 2017 at 9 a.m. Speaker: Deputy Mike Speigle, Investigations Division, Kosciusko County Sheriff s Department The production of methamphetamine is alarmingly simple, composed of readily available, household items. The resulting chemical cocktail permeates nearly every surface of a home and property. The effects on homes and property are long-lasting. Learn: Markers identifying if a Meth Lab might have been present in your new listing Effects on Septic Systems Effects on drywall, insulation Show and Tell of popular drugs New Drug Trends in Kosciusko County Other prevalent Drugs in Kosciusko County; heroine, prescription pills Title 101 Class Presented by Bob Sanders Date & Time: Wednesday June 21, 2017 at 9 a.m. Bob Sanders, President, Metropolitan Title Company will be presenting Title 101. Bob has special relationship with our membership as President of Bodkin Abstract and now Metropolitan Title. His experience and reputation in the title business is impeccable, so we are delighted to have him presenting Title 101 to our members with his unique perspective. This class is a must for new and seasoned members! The History of Title Insurance Key Elements of the Title Commitment and Policy Common Red Flags on the Title Commitment What is needed when the Owner is Deceased Leans and Judgements..and much much more!

8 PAGE 8 Volume 4 Issue 5.Upcoming Events Details Continued NEW! Visit our new Golf Outing website to register for your team and/or Sponsorship!!! DOWNLO AD TE AM REGIST R ATION FORM DOWNLO AD SPONSORSHIP FORM

9 PAGE 9 Volume 4 Issue nd Quarter General Business Meeting Wednesday April 19, 2017 Shelley Schwab Director of Development Big Brothers Big Sisters of NEI Cheryl Stuckwish 2017 IAR Board President John Kidd R.W. Kidd Construction Contractor of Record for the Operation Finally Home project Thank you to the 91 REALTORS AND Affiliate members in attendance at the Second Quarter General Business Meeting! KBOR Vice President, Jan Orban, kicked off the meeting by inducting KBOR s new members and introducing our new Affiliates (see photos below). Next, Shelley Schwab, Director of Development, Big Brothers Big Sisters of NEI, spoke about how impactful the Big Brothers Big Sisters program can be in a child s life! To watch an incredible video on a match through BBBS, click here. John Kidd, Contractor of Record for the Operation Finally Home project, then gave us an update of their Warsaw Veteran Home Build. For more information you can visit their website here! Finally, Cheryl Stuckwish, 2017 IAR Board President, spoke to our membership about the recent IAR Call for Action, House Bill IAR issued a Call for Action to urge support for HB 1133, also known as the Airbnb Bill. She also discussed House Bill 1002, which provides transportation infrastructure funding that is critical to the vitality of our region. We also were able to hear about the exciting details of IAR s new building in downtown Indy! We want to extend a huge thank you to all of our Speakers, especially Cheryl who had to drive 8 hours, round trip, to speak to all of us! From Left to Right: Jim Layne, Northern Lakes Realty; Anna Gilsinger, RE/MAX Results; Jackie Decker, RE/MAX Results; and Julie Seiss-Tripp, Reecer Properties. From Left to Right: Kris Shipley, Shipley Pest Solutions, LLC; Kyle Fillman and Laura Ormsby, North American Land Title Company; and Gavin Tripp, Tripp & Associates

10 PAGE 10 Volume 4 Issue 5 GPS 2 Success Career Exposition April 11, 2017 Students from Kosciusko County attended the fourth annual Career Exposition held by the Kosciusko Chamber of Commerce. Around 50 local businesses, colleges and service organizations had booths at the event. A big thank you to Fab Holsclaw, Brian Peterson Real Estate Group and James Bausch, RE/MAX Results, for representing the Kosciusko Board of REALTORS! Click here to read the full Inkfree article! Left: Fab Holsclaw Center: Exposition Right: James Bausch Good Friday YMCA Breakfast April 14, 2017 Over 300 individuals, including our very own Marcia Anderson, CBRWG, LeAnn Francis and Shelley Dobbins, MutualBank, came out to Christ s Covenant Church on Good Friday. KBOR was invited to attend in appreciation to their contribution to Camp Little Eagle. Hosted by the YMCA, individuals in the community were invited to enjoy breakfast followed by an inspiring message from Eric McElvenny. KBOR is a proud annual supporter of the YMCA s Camp Little Eagle. Click here to read the full InkFree article!

11 PAGE 11 Volume 4 Issue 5 Membership Update New Affiliate Members: Shipley Pest Solutions Responsible Member Kris Shipley Current KBOR Membership By the Numbers Primary Managing Brokers: 45 Primary REALTORS : 130 Total Primary KBOR Membership: 175 Total Primary Offices: 48 Total Affiliate Offices: 47