Find out what's happening, with the HotSheet!

Inside this update:

Business Luncheon - July 9th


Appraisal Concerns

The Educated REALTOR®: Rates, Stats, and News You Need

Audit Deadline

Office Closed July 3rd

Safety Alert

80's BBQ

Forms Available in Store

REALTOR® Benefits

WCR and CRS Events

SLBR Calendar of Events

Legal Hotline - 801-676-5211

Mortgage Fraud Hotline - 801-303-0700


Weekly Update from the Salt Lake Board of REALTORS® ~ June 26, 2009

(View this newsletter ONLINE)

Annual Business Luncheon - July 9th

The annual meeting of the Board where the Nominating Committee will present their nominations for the Board of Directors for 2010-2011-2012-2013. Additional nominations from the floor may also be made at this meeting. The election of the Directors will take place online during the week of July 27-31.

    Thursday, July 9, 2009 at 12 Noon
    The Imperial Ballroom in the Grand America Hotel
    No cost to members; guests pay $30.00

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Logon to our New Website -July 1st

It's coming! The SLBR has been working hard to develop a more useful and efficient website for our members. That new site is almost here! Starting July 1st, this newsletter and every other part of our online presence will look and feel different. The biggest change will be the requirement for you to logon using your NRDS#. You will not be able to access the website at all without your NRDS# so please be prepared. If you do not know you're logon i.d. and password, please let us know.

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Appraisal Concerns

The NAR has heard your concerns about the HVCC Appraisal Guidelines and how they have been affecting your business. Starting next week, the NAR President will be meeting with officials who worked on the HVCC and at the Federal Housing Finance Agency to discuss ways they can resolve these issues while ensuring the accuracy of appraisals across the country. To find out more or to get the latest news on the results of these meetings, visit the NAR Appraisal Blog.

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The Educated REALTOR®: Rates, Stats and the News You Need - UPDATED WEEKLY

Mortgage Rates:

Rates are holding steady. I've read reports that they're on a "roller coaster ride" going up and down over the last two weeks but that doesn't appear to be the case. Stats have only risen .06% in our area The current average rate for a 30 year fixed mortgage in our region is now 5.37%. For more average rates and a detailed explanation of the weekly survey, click here.

Latest Market Stats:

May home sales climbed 15% over April. Read the latest press release HERE. Members of the Salt Lake Board of REALTORS® can now download a printable version of the latest market stats from the board's website HERE. (Updated 6/10/09) We've also posted a detailed Market Update exclusively for members of the Salt Lake Board. Online Stats

Tip of the Week:

Update on CE Requirement Changes - Taking Effect 2010

The Utah Division of Real Estate continues to hammer out the details for the increase in CE hours beginning next year. The Division will require all licensees to complete 18 hrs of Continuing Education. Nine (9) out of the eighteen (18) hours will need to be CORE COURSE certified.

For any licensee that received a license after July 1, 2007 the NEW AGENT course will be required. This is a 12 hour course. In addition to this course, six (6) hours of elective CE credit will be required so that all licensees complete 19 hours for their license renewal.

Remember! This will affect all licensees' renewal beginning 2010. If you are renewing your licenses this year (2009) you will be accountable for 12 hours of education. For more information regarding your license, renewal status, and completed CE hours logon to and click on the Licensee Management System.

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Audit Deadline - June 30th

NEWS FLASH!!! This is the last week Broker's have to get their Audits turned in. The Deadline is June 30th. If Brokers have not turned the audit in by then there will be a $50.00 fine assessed. If there are questions, please give Kris Taylor in Membership a call at 801.542.8861 or email her.

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Office to be Closed - July 3rd

The SLBR Office will be closed on Friday, July 3rd in observance of Independence Day.

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We have received multiple calls about a man who has entered open houses and taken personal checks and credit card information. This man has cashed the checks that he's stolen and tried to utilize the credit card numbers to make unauthorized purchases.

This man attends open houses with a woman in her 20's. They arrive in a green van with Arizona plates and quickly separate. The man is suspected of going through drawers to locate the items. He is an overweight man of average height in his 30's or early 40's. Please be conscious of this potential danger and notify the police of any suspicious activity at your open houses.

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80's BBQ on July 31st

The YPC is hosting a BBQ at the REALTOR® Campus on July 31st from 6 to 9 p.m. There will be a live 80's Tribute band, a cash bar, food, and games. Don't miss out! Get your tickets online at Proceeds will go to RPAC.

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REPC Forms are Back!

Due to member request, the REALTOR Store® now has a few select forms as well as the New REPC in stock. Purchase them online through our store or come on in to pick up a few.

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REALTOR® Benefits: Brochures and Marketing Pieces

Did you know that offers discounted marketing pieces and brochures that you can use to build your business and educate your clients? Your cost is less than half the non-member fee on items like the "It Pays To Work With a REALTOR®" brochure.

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Happy Summer!

For more information about WCR events, visit For more information about CRS events, visit

Take discounted CRS classes ONLINE

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Upcoming Activities - SLBR

Visit our online calendar

July 3rd - Board Office Closed - Independence Day

July 9th - Board Business Luncheon - Grand America

July 10th - Christmas in July - The Road Home

July 24th - Board Office Closed - Pioneer Day

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