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September 2019 Page 1
Message from the President…….
I hope you all have had a busy and productive summer. Historically, at least in my 20 years, the Spring and Summer months are the busiest for real estate. So here we are in September, the start of a busy time of the year with school and sports activities kicking in and several big holidays just around the corner.
The next event coming up is our annual Texas REALTORS® Conference in Fort Worth, September 12th thru the 15th. If you are in need of continuing education to fulfill licensing requirements, this is your chance to get in on some great classes for free. Here are a few classes you might be interested in: “Getting Past No: Negotiating Strategies for the Real Estate Professional”, “Beyond the Transaction: The Impact of Agency from a Client’s Perspective”, “How to Be and Island of Excellence in an Ocean of Mediocrity”, and there are more great courses dealing with anything from Feng Shui to Appraisal Obstacles. There is something for everyone, so mark your calendars to attend. Register online at www.texasrealtors.com.
On October 15th we will be hosting another TREPAC Bowling Tournament at Film Alley. Many of you have already signed up for that event. This is an abbreviated version of what we did in the Spring. Always loads of good food, fun and fellowship!
Only 4 open lanes — some sign up NOW!
On October 24th we will be hosting our last Association Luncheon for the year. At this luncheon we will announce the new Board of Directors for the term beginning 1/1/2020. Watch for an announcement coming to you via email showing those running to fill director vacancies. Please review these candidates and be prepared to cast your vote in October once voting opens (details will be coming to you soon).
Also at the October luncheon the Community Service Committee will draw for the winners of the Women and Men’s baskets they have been selling raffle tickets for. The proceeds from the sale of the tickets will go to “Hearts Full of Love” an organization that helps the homeless here in Parker County. You can purchase tickets at GMWAR during the week or at the October luncheon. Please help support this wonderful cause
Janet Chism
The August 12 Texas Real Estate Commission meeting covered 45 agenda items spread over 472 pages of meeting materials. See the full agenda and
materials at TREC's website, and read on for highlights relevant to your business.
Adopted Rules
Added geographic and property-type competency: TREC rule §531.3 was amended to make clear that license holders must be knowledgeable about local market issues in the geographic area in which they work and the characteristics involved in the specific type of property being sold or leased. Penalties for violating this requirement were added to §535.191,
with a range of $500-3,000.
Eliminated consideration of student loan default: Emergency amendments were adopted to §535.91, Renewal of a Real Estate License, which removed references to student loan default. This change was due to Senate Bill 37, passed by the 86th Texas Legislature and signed by the governor removes consideration of a student loan default as grounds to deny a
license or license renewal.
Undisclosed commission or rebate updates: TREC rule §535.148, Receiving an Undisclosed Commission or Rebate, was amended to conform with the federal Real Estate Settlement and Procedures Act (RESPA) and a similar provision in the rules
applying to inspectors.
Proposed Rules Changes
Here are some of the changes proposed August 12, many of which were necessitated by action during the 2019 legislative session which will be discussed again at the November TREC
meeting.
§535.112, Branch Office: As a result of Senate Bill 624, a branch office license is no longer required as of September 1, 2019. Therefore, proposed changes were made to TREC rules to remove references to a
branch office license.
§535.101, Fees: The proposed amendments eliminate fees for a branch office license, establishing or changing a relationship with a sponsoring broker, change of address or name, an active license certificate, instructor approval, submitting paper application or forms, and certified copies. The fee for dishonored checks is also removed; however, the proposed rule would create a process for requesting payment and allowing the commission to place a license on inactive status if payment
isn’t received.
§535.51, General Requirements for a Real Estate License: The Texas Legislature removed the residency requirement for real estate license eligibility. The proposed amendment removes that requirement from the rule and removes references to service members to incorporate them in a new section, §535.58, License for Military Service
Members, Veterans, or Military Spouses
September 2019 Page 2
1 Diane Johnson First National Bank
1 Doc Watson Source 1 Real Estate
1 Jamie Bodiford Century 21 Judge Fite Co
2 Ted Wright Ted Real Estate.net
3 Kristen Ducat KLT Real Estate, LLC
3 Marvin Makarwich Worthington Realty & Investments
4 Jerry Van Natta Premier Properties
4 Raquel Harbin RE/MAX Trinity
5 Cory Thornton The Platinum Group Real Estate
5 Allison Provence Kirkpatrick Realty
5 Lynn Mills Providence Title Company
5 Wendi Tippie Texas Red's Properties
6 Tandy Dowdy Century 21 Judge Fite
7 Helen Cleveland Clark Real Estate, LLC
7 Mike Whiteager Origin Real Estate
8 Eric Peacock Greenworks Home Inspections
9 Mary Warren Overton Properties
10 Jace Walker Mitchell Real Estate
10 Jaden Winfrey The Platinum Group Real Estate
10 Whitney Robinson The Platinum Group Real Estate
11 Amy Eggleston The Platinum Group Real Estate
11 Thomas Phillips Southwest Inspections
11 Keith Hackfeld Hackfeld's Home & Ranch Real Estate
12 Cynthia Williams Evans & Williams Realty Group LLC
12 Randy Plyler Century 21 Judge Fite
13 Carl Overton Overton Properties
13 Shana Wolfe Weatherbee Real Estate
13 Stephanie Petsch Texas Wide Realty
15 Allyson Jolly Century 21 Judge Fite Co
15 Karen Mitchell Parker Douglas Realty, Inc.
15 Michael Craine Trinity Country Real Estate
15 Michelle Robinson Clark Real Estate, LLC
16 David Bourquin Bourquin Realty
16 Stacy Green KLT Real Estate LLC
17 James Fite Century 21 Judge Fite Co
17 Katie Sheldon Clark Real Estate, LLC
18 Betsy Hubbard Realty World Professionals
18 Reece Combs Railhead Realty
18 Rhonda King Century 21 Judge Fite
18 Jennifer Bruns Railhead Realty, LLC
18 Lee Buck Buck's Appraisal
19 Bernice Moore Lowry Nations Home Warranty
19 Dana L Forehand Weichert, REALTORS
20 Andrea Anderson Anderson Realty Company
20 Stacie Wallis Century 21 Lynch Legacy
20 Sherry Densmore Terin Realty
20 Ruby Dyos Origin Real Estate
21 Stefani Kovacevic HBS Real Estate
21 Brooke Ladouceur Worthington Realty & Investments
21 Norma Taylor Ranger Realty
22 Ky Nichols Origin Real Estate
23 Jearl Tipton Kirk McDonald REALTORS
23 John Paclik Possum Kingdom Real Estate
23 Lisa May Kirk McDonald REALTORS
23 Sally Watkins Compass RE Texas, LLC
25 Dan Chick Edward Jones Investments
25 Eric Schroeder Prime Lending
25 Tanya Lukas Clark Real Estate, LLC
25 Tina Hughes Railhead Realty, LLC
26 Jeff Clark Ranger Realty
26 Valerie Wright Clark Real Estate Group
26 Jim Martin Railhead Realty, LLC
26 Travis Thorne Capital Farm Credit
27 Marty Logan Source One Real Estate
27 Stacey James The Real Estate Group
28 Kindra Lucia Alamo Title Co, Carista M Ragan PC
29 Kathe Reis Fathom Realty, LLC
30 Crystal Robison Century 21 Judge Fite
30 Evelyn Robertson Texas Red's Real Estate
30 Linda Kenney Parker Douglas Realty, Inc.
Congratulations to the 2019 –2020
GMWAR TRLP Class Participants
Nancy Foust Keller Williams Realty
Amanda Howard Weichert, REALTORS
Jacqueline Lammers Clark Real Estate Group
Terri Stokes Terin Realty
September 2019
Broadcast Class Schedule
9/3 TREC Legal Update l 4 CE hours $40.00 8:30am to 12:30pm TREC Legal Update ll 4 CE hours $40.00 1:00pm to 5:00pm 9/5 Current Building Material 4 CE hours $40.00 & Architecture for Agents 9/10 Open Houses 3 CE hours $35.00 9:00am to 12:00pm 9/11 Real Estate Safety Matters 3 CE hours $35.00 9:00am to 12:00pm 9/11 4 Skills You Need To 2 CE hours $25.00 Improve Your Transaction 9/18,19, GRI: Real Estate Marketing 30 SAE hours $280.00 25 & 26 8:30am to 5:00pm daily
Registration forms can be found on the
GMWAR website Gmwar.org
Under the Calendar of Events
September 2019 Page 3
Date: Tuesday, October 15, 2019
Film Alley, Weatherford
Check-in @ 6:00pm Bowl @ 6:30pm 5 person Team, $50 per person (includes bowling, bowling shoes, bowling ball & pizza buffet)
Team Registration forms available now at the GMWAR office
Call: 817.596.5010
Email: [email protected]
Deadline to register team and pay in full is October 2, 2019, while lanes are available
Team pre-registration required 16 team limit Registration forms are already coming in, don’t wait if you want to Bowl !!!
—Only 4 Open Lanes —
How the Late-Fee Bill
Affects Rentals in Texas
Senate Bill 1414, which Texas REALTORS® supported in the 2019 legislative session, goes into effect Sept. 1 and amends the section in Chapter 92 of the Texas Property Code regulating fees for the late payment of rent. The bill prohibits the collection of late fees until any portion of the rent has remained unpaid for two full days after the original due date. (Previously,
late fees were allowed after one day).
The bill establishes a safe harbor where if late fees do not exceed a certain percentage, the fee is automatically considered reasonable under the law. (Under the safe harbor act a structure with no more than 4 units
a late fee of 12% of the rent is reasonable whereas a structure with more than 4 units 10% of the rent is considered as being reasonable).
A late fee that exceeds those amounts can still be considered reasonable (exceeding the limits above can be considered reasonable, as long as the fee is in line with the damages to the landlord that might reasonably result from the late payment of rent).
The bill allows a tenant to request a written statement of his late fee. (The tenant can ask for a written statement of whether he owes a late fee and, if so, the amount of that fee. The landlord must provide the statement to the tenant through a means regularly used for written communication between the landlord and the tenant).
This bill applies to leases entered into or renewed on or after Sept. 1, 2019. (Changes have been made to the Residential Lease (TXR 2001) and the Residential Lease for a Multi-Family Property Unit (TXR 2011) to reflect the increase in the number of days that the rent must remain unpaid before collecting a late fee, and other minor changes have been made as a result of additional legislation)
September 2019 Page 4
September 2019 Page 5
GMWAR Members
The Greater Metro West Association of
REALTORS® office — is MOVING….
ETA is October 1
Not far — just around the corner from our current
location.
1901 Martin Drive, Suite 100
The new location is larger and we will have a larger
training room and another room for committee
meetings, etc. We will also have access to all the
parking in front of our office and will no longer
have to share parking with Reflections or Flames.
(just to name a few of the new features).
REALTOR.com Professional
There has been some confusion on
the Realtor.com Pro launch. The new icon on the
NTREIS dashboard replaces the old "Find" icon
and at first glance, appears to be a link to the
Realtor.com consumer site. That is by design -
Move is using the same architecture for both the
consumer version and the Pro version. The link
from the dashboard is taking the user to the Pro
version which contains information on a property
that is not available on the consumer view. It
also provides a button for feedback from the
agent to Realtor.com and a link to log in to the
agent Realtor.com profile dashboard
Support resources and web training are available
online:
https://support.realtor.com/s/realtorcom-professional-search
Flood Insurance Information for Texas
The National Flood Insurance Program (NFIP) is essential
to completing half a million property sales each year, but it
must be reauthorized by September 30, 2019 to continue
providing flood insurance. REALTORS®support H.R.
3167 and urge Congress to find a way forward on a long-
term NFIP reauthorization.
Properties at Risk: Every property in the state has some
risk; wherever it rains, it can flood, yet not all at-risk are
insured.
• 10,933,375 total housing unites, 2017
• 986,202 Housing units in the sate within a 500-year floodplain
• 747.102 Number of NFIP policies in force as of April 30, 2019
• 7% of housing units with an NFIP policy
Flood Insurance Benefits to Policyholders: For many,
owning a property is the biggest source of wealth. The
NFIP offers substantially more rebuilding assistance than
FEMA’s Individuals and Households Program (IHP) for
uninsured properties.
• $184,553 Median home value, 2019
• $40,755 Average NFIP dollar amount paid on residential claims
for properties in the state 1996-2016
• 125,007 Number of NFIP paid claims
• $7,310 Average IHP disaster payment to those without flood
insurance in the state 2006-20216
• 48,592 Number of HIP disaster payments
98% of U.S. counties have experienced at least one major
flood disaster declaration. Without flood insurance,
property owners must turn to
the federal government for
rebuilding assistance. The
total cost to taxpayers of
uninsured property damage is
$3.4 billion each year.
Watch for a Call For Action coming in September….and be ready to act.
GMWAR 1909 Martin Drive
Weatherford, TX 76086
817/596-5010
Fax: 1-866-867-8392
www.gmwar.org _________________________________________
2019 Officers
President:
Janet Chism, GRI, SRES
President-elect:
Kathy Evans, GRI,SRES, e-Pro, MRP, TRLP [email protected]
Secretary/Treasurer:
Joyce Wallace, ABR, GRI, SRES
Past President:
David Bourquin, BPOR
2019 Directors
Ronny Doran, GRI, BPO, TAHS, PSA,TRLP
Susan Hawkins [email protected]
Karen Mitchell, TRLP [email protected]
Rhonda Sears, GRI, TRLP
Jacqueline Lammers, GRI, MRP, RENE
Carol Lea, GRI, SRES, e-Pro, Cert Appraiser
2019 Affiliate Directors
Angie Martin [email protected]
Lynn Mills [email protected]
TAR Director
Cynthia Williams, ABR,GRI,MRP,SRES,e-Pro, TRLP
NTREIS Director
Vicki Voss [email protected]
GMWAR staff
Carolyn Wall, RCE, e-Pro, MRP, GRI
Chief Executive Officer
Christine Collier
Administrative Assistant
Shawn Campbell
Staff Support
September 2019 Page 6
Tommy Braddock Century 21 Judge Fite Jase Bowling The Platinum Group RE Shae Beauchamp Weichert, REALTORS
William Bracken Clark Real Estate Group Scotty Adkins Keller Williams Realty
Kristie Doss Alamo Title—Aledo
Raffle Tickets
On sale now !
$5.00 for 1 ticket
$20.00 for 5
tickets
Proceeds go to “Hearts Full of Love”
For more information visit their website
Heartsfulloflove.org
There are 2 baskets full of good stuff, a man’s basket and a woman’s basket. Each basket is valued at $1000+
On Display at the GMWAR Office And tickets available at the GMWAR office as well
& at the October luncheon
Drawing will be held at October 24 Luncheon
Man’s Basket
$250 Amex card Capital Grille Knifes Pocket knife Perini Cookbook Texas Whiskey Cap …..more gift cards
Woman’s Basket
$250 Amex card Jewelry Consuela Bag Cookbook Lotion Candle ...more gift cards
