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Congratulations to Our Award Winners
REALTOR® of the Year ...............................Claudette Reuther, GARDNER, REALTORS®
Manager of the Year .................................... Cheryl McAdam, LATTER & BLUM, INC/REALTORS®
Affiliate of the Year ....................................... Laura Meehan, Crescent Title
Max J. Derbes Meritorious Service ........... Lucy D'Angelo, Keller Williams Realty 4550100
Philippi St. Pe' Lifetime Achievement .......Jackie Clarkson, Jacquelyn Clarkson REALTORS®
CID Presents "Income Property Analysis" with Chip Meyers May 12 & 13
For practicing commercial agents and agents who want to learn more about commercial real estate. Great for residential agents! 8:00am Check-In, 8:30-4:30 Class (both days), 14 Hours of Instruction, 8 Hours of CE credit (attendance both days required). CID Members $100, Non-Members $175 (Non-members can join CID for $50 and $25 on the course!)
You will learn:
* The 16 "Contributing Elements" to Value and Yield
* Define, Discuss and Learn to Compute the Following Methods of Valuation:
* Price/Sq Ft or Unit
* Equity Rate of Return
* Gross Rent Multiplier
* Internal Rate of Return
* Capitalization Rate
* Financial Management Rate of Return
* Cash on Cash
* Cost Recovery
* Passive Loss
* Capital Gain Calculation
* Compounding/Discounting/Discounted Cash Flow Analysis
Speaker & Author Chip Meyers ...
Chip Meyers started his career in Commercial/Investment Real Estate in 1977, after spending 9 years in the U.S. Navy as a fighter piolot.
He was active in the brokerage of Investment Real Estate, selling hundreds of multi-family buildings and other types of investment properties, both in San Diega, CA and Albuquerque, NM. He aslo managed New Mexico's largest Commercial/Investment firm, with a sales force over 40 agents, for 7+ years. Chip wrote this course specifically for CE credit for licensees with an interest in Investment Real Estate, and presents in regularly in 26 cities in Texas, Florida, Pennsylvania, Illinois, Oklahoma, Missouri, and now Louisiana.
MARPAC Raffle - Buy Your Tickets Today!
The Metropolitan Association of REALTORS® Political Action Committee (MARPAC) is having a raffle! Buy your tickets today for a change at a $500 Amazon Gift Card, 2014-2015 GSREIN Dues or Full Registration for NAR Annual Conference in New Orleans in November! Tickets are 3 for $35 or 10 for $100 and can be purchased at NOMAR or through any MARPAC Trustee.
Most recently, your MARPAC contributions have helped to resolve major issues with flood insurance and the Biggert Waters Act through the recently passed Homeowner Flood Insurance Affordability Act, preserve the Mortgage Interest Deduction, fight transfer taxes and reduce property taxes in Louisiana, prevent sales tax on commissions, and protect private property rights.
"If Real Estate is your profession, then politics is your business."
If you have questions on MARPAC or the raffle, contact NOMAR Government Affiairs staff Kelli Walker, Melissa O'Donnell or Tranell Barton at (504) 885-3200.
Disclaimer: Contributions are not deductible as charitable contributions for Federal income tax purposes. If in doubt, please consult your tax advisor. Contributions to MARPAC are voluntary and used for political purposes. The indicated amount is only a suggestion and you may give more or less or refuse to contribute without affecting your membership rights. Up to 70% of each contribution is used by the Louisiana REALTORS® Association PAC to support state and local candidates. At least 30% of each contribution is sent to the National RPAC. Of that amount, 90% is used by National PAC to support Federal candidates and is charged against your limit under 2 U.S.441a, while the remaining 10% is used for other Federal Grassroots political activities.
Flood Insurance Update: Pre-FIRM Policy Assumptions Begin May 1st
Effective May 1, 2014, all buyers of older properties ("pre-FIRM") will see a premium rate reduction under the Homeowner Flood Insurance Affordability Act of 2014.
Instead of jumping to "full cost" for flood insurance, buyers will assume the seller's Oct-2013 rate for a pre-FIRM property.
NAR prevailed upon FEMA to implement this provision seven months early. FEMA also extended the rate relief so all pre-FIRM properties (including the second homes and businesses) will begin paying Oct-2013 rates when they purchase or renew their flood insurance after May 1, including:
• ALL buyers of a pre-FIRM property, not just those whose seller has an existing policy;
• ALL recent owners who apply for a new flood insurance policy on a pre-FIRM property;
• ALL recent owners who reinstate an old pre-FIRM policy that previously lapsed for any reason;
• ALL recent owners who renew a policy on a pre-FIRM property bought or newly insured after the 2012 Biggert-Waters law.
While expediting the rate relief, FEMA must still issue refunds to all those who paid more than their Oct-2013 rate. NAR will continue working with FEMA and Congress to quickly issue these refunds to anyone overcharged for flood insurance under Biggert-Waters. NAR Flood Insurance Webpage: http://www.realtor.org/topics/national-flood-insurance-program-nfip
This is just one of the many examples of your MARPAC support working for you! For more information on flood insurance of MARPAC, or to schedule a member of the Government Affirs Department at your office to discuss the latest on flood insurance and other important government updates, contact Sr. Governmental Affiars Director Kelli Walker at (504) 885-3200.
NAPMW 2014 Crawfish Cook Off - May 10th
Saturday, May 10th 11:00am-4:00pm at Southport Hall. For tickets & sponsorships, call
Click on link below for more information.
Blood Drive Monday, May 12th
for Andre Cambre - husband of Leslie Cambre of LATTER & BLUM, Inc./REALTORS®. Andre had to have emergency surgery for an artery that separated and went through quite a bit of blood. They were fortunate the blood was available and are trying to replace it for the next person. For more details, click on the following link: http://www.nomar.org/images/PDF/Andre_Cambre_05-12-14.pdf.
NOMAR & MARPAC Bowling Event - Friday, June 13th
Join us Friday, June 13th for a monster bash at Rock'n Bowl. Dress as your scariest movie monster or TV monster. Registration includes fountain drinks, draft beer, wine and assorted finger food and door prizes. Team of 6 only $180.00. Individual registration NOMAR members $30.00 & non-members $40.00.
Also there will be MARPAC parade of prizes and raffle, best team costume, best individual costume and best original costume. Click on the below link for more information.
Printable Registration Form
NOMAR's 2015 REALTOR® Appreciation Day is Monday, March 16th
at the New Orleans Hilton Riverside. Please mark your calendars and hold the date!!!
2015 Mandatory CE Topic Suggestions
NOMAR Board Store
We have many REALTOR® items that may help you in getting that listing sold. Drop by our Metairie or Mandeville office to check out what is new!!!
... Joy North of GARDNER, REALTORS® Lakeview branch who recently lost her sister Peggy Hocke. Please keep Joy and her family in your prayers.
... Shelia Julien of GARDNER, REALTORS® whose mother Ivy L. Labyzon died on May 1st. She was 90 years old. Please keep Shelia and her family in your prayers.