FRANKLIN COUNTY BOARD OF REALTORS

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September 2014 Published by FRANKLIN COUNTY BOARD OF REALTORS ENCOMPASSING FRANKLIN, GASCONADE & CRAWFORD COUNTIES 7 Liberty Plaza * Union, MO. 63084 * (636-583-6008) e-mail address: fcbr@yhti.net web address: fcbrmo.com Follow us on twitter @ FCBRealtors like us on Facebook: www.facebook.com/pages/franklin-county-board-of-realtors/ 609886332358310 ELECTIONS & AFFILATE NIGHT Enjoy A Night at the Movies Monday, September 8th KC Hall, Union, MO. Doors open 5:30 Meeting starts at 6 No Charge to attend but please make your reservations TODAY! COUNT MUST BE TO CATERER BY SEPTEMBER 4TH. Call or email the Board office. Election Committee:Vickie Oelschlaeger Michelle Stone, Lori Strubberg, Ken Levy [alt]

Dear REALTORS and Affiliates, 2014 PRESIDENT S MESSAGE Wow, how many of you can believe that the we are already to September? With kids back in school and fall around the corner it is one of my busiest but favorite times. Some of you may not know that we have a new CEO of the Missouri Realtors Association. So if you are looking for nice trip here in the next couple of weeks join myself and several more of our local Realtors in Branson Sept 17-19 for the MAR fall business meetings where our new CEO will be introduced. This is a great opportunity learn what takes place behind the scenes to insure that we are able to go out and sell homes on the local level. I hope that you all have made it through the summer and are ready to end the year strong. As always if anyone has any questions or concerns please do not hesitate to call 636-388-2211. Matt Borgmann 2014 FCBR President In organizations, real power and energy is generated through relationships. The patterns of relationships and the capacities to form them are more important than tasks, functions, roles and positions. Margaret Wheatly Author of Leadership and the New Science 2014 COMMITTEES AND CHAIRPEOPLE Grievance Ken Reeves 573-468-4422 Professional Standards Archie Schaeg 636/583-1100 Education Katrinia Henson 573-764-5900 Membership Kathy Beerman 636-239-7077 Program Cathy Wymer 636-583-1100 RPAC Gina Parmentier 636-583-1100 Center Janie Schriewer 636-239-4742 Long Range Planning Ralph Gildehaus 573-237-7700 Tech Derek Schriewer 636/239-4742 Publicity Katrinia Henson 573/764-5900 Legislative/Political Affairs Derek Schriewer 636/239-4742

The Code of Ethics Case # 1-28: Disclosure of Existence of Offers to Prospective Purchasers (Adopted November, 2002) Seller S listed her home for sale with Realtor B. The property was prices reasonably and Realtor B was confident it would sell quickly. The listing agreement included the seller s authorization for publication in the MLS and authority to disclose the existence of offers to prospective purchasers. Within days, Realtor B had shown the property to several prospective purchasers and one of them, Buyer Z wrote a purchase offer at close to the asking price. Realtor B called Seller S to make an appointment to present the offer. After hanging up with Seller S, Realtor B received another call, this time from Realtor A. Realtor A explained that he represented a buyer who was interested in making an offer on Seller S s property. Realtor A explained that while his buyer-client was quite interested in the property, price was also a concern. He asked Realtor B if there were other offers on the property, indicating that his buyer-client would likely make a higher offer if there were competing offers on the table. Realtor B responded by telling Realtor A, That s confidential information. Please tell your client to make his best offer. Taken aback by Realtor B s comments, Realtor A shared them with his buyer-client, who chose not to make an offer and instead pursued other properties. Buyer Z s offer was accepted by Seller S later that evening and, sometime later, the transaction closed. Several months afterward, Seller S and Realtor A met at a social event. Realtor A related his conversation with Realtor B. Seller S asked Realtor A if he thought that Realtor A s buyerclient would have made an offer on Seller S s home absent Realtor B s refusal to disclose whether there was other offers pending. Realtor A responded that it was impossible to tell for certain, but his buyer-client had certainly not been favorably impressed by Realtor B s response to a seemingly routine question. Seller S subsequently filed an ethics complaint against Realtor B alleging violation of Article 1 as interpreted by Standard of Practice 1-15. He noted that he had clearly authorized Realtor B to disclose to buyers of cooperating brokers the existence of pending offers and that Realtor B s arbitrary refusal to share information he was authorized to share cold have been the reason, or part of the reason, why Realtor A s client had chosen not to make an offer on Seller S s home. Realtor B defended his actions indicating that while he agreed that he had an obligation to promote Seller S s interests, his obligation to Realtor A and to Realtor A s buyer-client was simply to be honest. He had not, in any fashion, misrepresented the availability of Seller S s property. Rather, he had simply told Realtor A to encourage his client to make her best offer. I m not required to turn every sale into an auction, am I? he asked rhetorically. I feel that I treated all parties honestly and fairly, he concluded. The Hearing Panel did not agree with Realtor B s reasoning, indicating that he had violated Article 1 as interpreted by Standard of Practice 1-15. They noted that Standard of Practice 1-15 requires Realtors, if they have the seller s approval, to divulge the existence of offers to purchase on listed property in cooperating brokers. Realtor B had not met that obligation and, subsequently, the Hearing Panel concluded that Realtor B had violated Article 1.

KEEPING UP WITH MEMBERSHIP INFORMATION... CONDITIONAL MEMBERS Have not yet met all the conditions of membership James Campbell Bet ya didn t know.. Route 66, REALTORS Rubber bands last longer when refrigerated Peanuts are one of the ingredients of dynamite There are 293 ways to make change for a dollar There are more chickens in the world than people On a Canadian two-dollar bill, the flag flying over the parliament building is an American flag. Dreamt is the only English word that ends with the letters mt Almonds are a member of the peach family An ostrich s eye is bigger than it s brain A goldfish has a memory span of 3 seconds It s impossible to sneeze with your eyes open Donald Duck comics were banned in Finland because he doesn t wear pants Women blink twice as much as men NEW MEMBERS Have met all the conditions of membership Randee Kissinger Joanne Beers Joe Coblentz Tony Garrett Stephanie McCullen Nicole Brower CB Premier Wynn Realty C21 Friends Home Team, REALTORS CB Premier CB Premier Our most hearty congratulations to Mr. Bob Hansen of Hansen Franklin County Land Title and Abstract East Central College is dedicating Robert E. Hansen Hall [formerly the AC, BC and CC building] On Thursday, September 18 at 6 p.m. A ceremony will be held in the Performing Arts Center Lobby

HAPPY BIRTHDAY TO YOU!! SEPTEMBER BIRTHDAYS Angela Beckett 1 Heather McCarty 12 Elisha Hoerstkamp 2 Ken Levy 12 Stephen Lynn 2 Kay LeClaire 15 Patrick Kimmis 3 Becky Levy 16 Cheryl Lloyd 3 Hollie Rollings 16 Julie Moss 4 Tiffany Thebeau 20 Dan Tulley 4 Grant Thornton 20 Rachele Maczuk 5 Carol Weber 20 Mark Thayer 5 Sharon Studdard 23 Beth Norton 7 Steve Grannemann 24 Karen Rowett 7 Stephen Sparks 25 Danyee Mundwiller 8 Carol Haddox 28 Kelley Angell 9 Lori Pryor 28 Sherry Brown 9 Janie Schriewer 30 The Officers and Directors of the Franklin County Board of REALTORS hope you have a safe and happy Labor Day weekend! Franklin County Board of REALTORS 2014 Officers and Directors President Matt Borgmann 636/583-5900 President Elect Kathy Beerman 636/239-7077 Treasurer Janie Schriewer 636/239-4742 Secretary Kenneth Schneider 573/486-5121 Director Gina Parmentier 636/583-5100 Director Katrinia Henson 573/764-5900 Director Julie Schneider 636/239-6941 Director Bill Vedenhaupt 636/239-0667 Director Derek Schriewer 636/239-4742 Director Elisha Hoerstkamp 573/237-7700 Director Cathy Wymer 636/583-1100 Past President Rachele Maczuk 573/237-7700 State Directors Ken Levy Derek Schriewer Rachele Maczuk Cathy Wymer Matt Borgmann

FRANKLIN COUNTY BOARD OF REALTORS Encompassing Franklin, Gasconade & Crawford Counties #7 Liberty Plaza Drive Union, MO. 63084 Everyday our Representatives are passing bills.. One piece of legislation can change how we do our business overnight! Please don t be complacent! Join in helping to support RPAC so RPAC can support YOU! CALENDAR OF EVENTS September 1.Labor Day, Board office closed 8.Elections & Affiliate Night, KC hall, Union 10..RPAC reception /Meet the Candidates/ $100 + Contributors Bob Borgmann residence 6 p.m. 11..Board of Directors, 9 a. 17-19...State Director meetings, Branson, Board office closed October 6.General Membership meeting 9.Board of Directors, 9 a. 10..FCBR Golf Tournament, Wolf Hollow, noon start 16..New Member Orientation, Board office, 10 a. to 4 p. 31..Happy Halloween! [all meetings held at the Board office unless specified otherwise]