2010 Real Estate Forecast sponsored by Heritage Title
The 2010 Real Estate Forecast was sold out. More than 200 people heard a sobering economic and jobs creation forecast. Our panelists were:

• Tom Clark, Executive Vice President, Metro Denver Economic Development Corporation
• Patty Silverstein, Partner, Development Research Partners 
• Mark Snead, Assistant Vice President, Federal Reserve Bank of KC - Denver Branch
• Steve Westfall, The Westfall Team at Re/Max Professionals

Click here to view Patty Silverstein's powerpoint presentation.

Thank you to our sponsors:
Gracie Casias and Melissa Walker, Heritage Title Co.
Andrea Kvamme and Amy Brawand, Land Title Guarantee Co.
Tim Siebenthal, Bank of America
Metrolist
Re/Max Alliance Denver West and Arvada
Re/Max Professionals

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Contest for REALTOR "Reality" Rally, April 13, 2010
We know you have talent, but here’s your chance to prove it and win a complete “Marketing Makeover”. Just submit your “60” second audition starting January 1, 2010 through March 15, 2010 and you may be our Grand Prize winner! Click here for more information!

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Commission Announces New Fees
Please be advised that the Division of Real Estate has completed their fee setting for this fiscal cycle. The new fee schedule is posted to their website at http://www.dora.state.co.us/real-estate/licensing/fees.htm.

Learn How REALTORS® Core Health Insurance Can Work For You
What is the RCHI Program?
REALTORS® Core Health Insurance provides limited medical plans which are exclusively designed and priced specifically for NAR members... Read More

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Home Valuation Code of Conduct: Myths and Facts
New guidelines by Fannie Mae and Freddie Mac for the hiring of appraisers has generated uncertainty among practitioners. The requirements stem from an agreement that the two secondary mortgage market companies entered into with the New York attorney general last year to help curb inaccurate appraisals and stem the use of appraisals for fraud. NAR has developed a brochure to help clarify some of the common misunderstandings about the guidelines.

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Introducing New REALTORS® Federal Credit Union
NAR's new REALTOR Benefits® Program partner, REALTORS® Federal Credit Union, is an independent and member-owned financial cooperative with services designed to meet the unique financial and cash-flow needs of REALTORS®. REALTORS® FCU, the first completely virtual credit union, offers a broad range of personal services including: free eChecking with access to thousands of surcharge-free CO-OP Network® and CU24® Network ATMs nationwide, federally-insured deposits, affordable loans and more.

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Right Tools Right Now - 2008 NAR Member Profile
Economic, demographic, education, tenure, agency releationship and compensation of REALTORS are broken down in this updated guide. Click on the link above to see the full profile.

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NAR providing free tools to help you succeed
NAR is working to support you during this challenging time. Many brochures, reports, tools are being offered free or at cost. Take advantage of these valuable tools that will help you in your daily efforts - today! Click here for more information.

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REALTORS® Carbon Monoxide Alarm Program
CO Alarms have been put in the spotlight and for good reason, they save lives. This deadly poisonous gas is naked to all of your senses. Colorado REALTORS® have sprung into action with a program where consumers and others can get high quality CO alarms from their REALTOR®. To place your order, visit www.logisticsupply.com and use Login:119008 and Password: 7099. To view a flyer about the products available, click here.

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Involved with Buying or Selling Foreclosed Properties?
Lowe's, as part of NAR's REALTOR Benefits® Program, is offering a special 10% coupon for your next purchase at Lowe's on anything you or your contractor need to fix up a foreclosed property for a quick sale. For more information¸ visit...Lowes REALTOR benefit

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Homeowner Afffordability and Stability Plan

On February 18, 2009, President Obama announced his Homeowner Affordabilityand Stability Plan, designed to help up to 7-9 million families avoid foreclosure by restructuring or refinancing their mortgages. In doing so, the plan not only helps responsible homeowners behind on their payments or at risk of defaulting, but prevents neighborhoods and communities from being pulled over the edge too, as defaults and foreclosures contribute to falling home values, failing local businesses, and lost jobs. 

The key components of the plan are:

1. Government Sponsored Enterprises (GSEs) Refinancing for Up to 4 to 5 Million Responsible Homeowners with GSE loans to Make Their Mortgages More Affordable

2. A $75 Billion Homeowner Stability Initiative to Reach Up to 3 to 4 Million At-Risk Homeowners

3. Supporting Low Mortgage Rates By Strengthening Confidence in Fannie Mae and Freddie Mac

Download NAR's Summary on the Homeowner Affordability and Stability Plan> (PDF: 100K)
Chart: The New Housing Plan> (The New York Times, Feb. 18, 2009)

Visit the U.S. Treasury Department links below for more detailed information:

Executive Summary> (PDF: 47K)
Fact Sheet> (PDF: 65K)
Questions and Answers for Borrowers> (PDF: 55K)
3 Housing Examples> (PDF: 37K)

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NAR offers FHA Toolkit
NAR offers "Come Home to FHA - How FHA helps REALTORS sell more homes" a professionally designed interactive publication that will help inform REALTORS of recent enhancements to FHA programs and to help clients understand the benefits of FHA-insured mortgages. The publication is available free as a low resolution PDFs to members at http://www.realtor.org/government_affairs/fha_toolkit. The toolkit is also available by purchase at the REALTOR.org online store for $19.99.

Pursuant to the recent legislative changes in House Bill 08-1212 including Colorado Revised Statutes 12-61-110.5, effective April 17, 2008, licensees are now required to complete 12 hours of the mandatory 4-Hour Annual Commission Update Course prior to applying to renew an active license, activate an inactive license or reinstate an expired license to active status. Licensees must complete 12 hours of the 4-Hour Annual Commission Update Course during the three-year renewal cycle under the following circumstances:

Short Sale Addenda

Source of Water Addenda - Mandatory Jan. 2008

Water Information - http://www.water.state.co.us/

Lakewood Transit Station Area Plans - View station area plans . .

Foreclosure Hotline:	MongoFAX