2008 December Newsletter - Alaska Association of Realtors

(AREC Report, continued from page 5)
bers and their families 2 generations up and down,
credit union. And yes, the call-in system will be
100% based in the US. The credit union will be
set up to cater to the unique needs of its Realtor
members.
OTHER ACTIONS BY THE
BOARD OF DIRECTORS
*President Gaylord read a resolution in tribute
and remembrance of past National Director Dave
Feeken. It was a touching moment for many of us
who have worked with and have been friends with
Dave through the years. The Directors moved to
adopt the resolution and make it a permanment
part of our record.
frowned on by NAR, and with good reason.
The overall mood of the convention was
cautiou sly optimistic. There are good reports
coming from many areas, but it cannot be denied
that many of our members and clients are hurting.
After talking to people from all across the
country, it is evident that our market is holding up
much better than most. I talked at length with the
President of the Georgia Association. He knows
of many of his members that are hanging in there
by working second and third jobs. He has members
waiting tables and working in car washes in
an effort to keep their licenses, or as he said if, “to
all of us and our members in trouble around the
time. We can do it if we stand together, make sac-
*The Directors approved a projected drop of
10% of our membership and the accompanying
drop in revenue.
*After much debate, the Directors approved
a four point Housing Stimulus
Plan. The points include eliminating the
credit for a home purchase, a permanent
increase in loan limits, a mortgage buydown
to achieve 4.5% interest rates on 30
year loans,nd a permanent ban on banks in
real estate. Please look for more information
on this important topic elsewhere in
this publication.
*The directors authorized legal funding
laws mandating house inspections prior to
transfer of titles, DOJ cases against MLSs,
ing
of metal from buildings for sale to
scrap yards and a case against members for
falsifying information entered in the MLS
in an effort to improve their position over
other members. I have a feeling this is a
fairly common practice that is obviously
December 2008 • Alaska REALTOR® 9
newsletter.indd 9
11/24/2008 12:23:35 PM