Coeur d'Alene Association of REALTORS®

The Voice for Real Estate in Kootenai County

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CAR News
Idaho Association of Realtors, Inc. 2008 Leadership Elections Will Be Held:
06.20.08 Elections for IAR leadership offices will be held September 12, 2008 during the Board of Director and General Membership meeting in Portland, Oregon. Elections will be held for the following positions:
1. FIRST VICE PRESIDENT (President 2011)
2. SOUTH DISTRICT VICE PRESIDENT (One year term: 2009) to fulfill remainder of current term
3. NORTH DISTRICT VICE PRESIDENT (Two year term: 2009-2010)
4. EAST DISTRICT VICE PRESIDENT (Two year term: 2009-2010)
5. NAR DIRECTOR (Three year term: 2009-2011)

NOMINATIONS: Candidates for offices to be voted on by the General Membership (NAR Director and/or District Vice President) in order to be placed on the official ballot must submit a letter of nomination from a local Board/Association to the IAR by July 1st.

ELIGIBILITY REQUIREMENTS: The IAR Bylaws outline the minimum qualifications for the office of First Vice President and District Vice President: The nominees shall be REALTOR® members who have served a minimum of three (3) years as a combination of at least two of the following: 1. Local Board/Association Director; 2. Local Board/Association President; 3. State Association Director; 4. Institute, Society, and/or Council President; 5. State Committee/Task Force Member. The IAR Bylaws outline the minimum qualifications for the office of National Director: The nominees shall be REALTOR® members who have served a minimum of three years as one of or a combination of the following: 1. State Association Director; 2. State Association Executive Committee; 3. State Committee/Task Force Member (minimum of one year as chairman); 4. National Committee Member (minimum of one year as chairman and/or vice-chairman).

For more information please see the IAR website:  www.idahorealtors.com
Comprehensive Plan Is Out! 
05.02.08 The first 60 day review period for public comment is over, however please review the final chapters of the county comp plan and share any concerns or input with the Association. Once the new plan is in place, new rules will be drafted for Planning & Zoning and it will be a little late to raise concerns over land use and property rights.
Click here to view Comp Plan.
Ten Tips to Boost Your Business
04.08.08 A podcast by 2008 NAR President Dick Gaylord. Click here to view podcast...
Idaho Ranked in Top 5 States in America
03.18.08 For 1-year price growth according to Lawrence Yun, NAR Chief Economist. Read article...
"Education - The Way To The Future"
was the theme of the First Quarter 2008 GMM held March 19, 2008. Priscilla Bell, Ph.D., President of North Idaho College, was the keynote speaker providing an enthusiastic and informative speech on the history, student growth and demographics, and future growth goals and needs of North Idaho College.

The meeting highlighted REALTOR® Designations, specifically GRI, CRS and PMN along with RPAC (REALTOR® Political Action Committee) awareness.

In keeping with an education focus, the 2007 CIRCLE OF EXCELLENCE recipients were recognized. The Circle of Excellence is given to REALTORS® for excellence in Education, Community Service and Sales Volume.
The following are the recipients...
President Bell, Ph.D.
Anne Anderson
Patsy Barten
Janice Carr
Kristy Casley
Joe Dobson
Connie Egerer
Dan Flanagan
Kenneth Gimbel
Keith Hanlon
Tony Hanna

Randy Henley
Karen Hulstrom
Charli Inman
Sam Inman
Mark Johnson
Nancy Johnson
Josephine Keller
Coco Kimmel
Matt Lambert
Patricia Lozano
Jerry Manes
Pam McCormick
Mike McNamara
Ken Moeller
Debbie Myles
Loretta Reed
Jan Sarchio
Jill Satterly
Mindee Smith
Donald Smock
Duffy Smock
Jennifer Smock
Wayne Stephens
Barbara Swehosky
Kathleen Tillman
Nancy White
Linda Wilhelm
2008 Real Estate Market Forum
02.21.08 Richard Jurvelin, 2008 President of Coeur d'Alene Association of REALTORS®, spoke at the 2008 Real Estate Market Forum held by the Spokane-Kootenai Real Estate Research Committee. Mr. Jurvelin spoke on Kootenai County statistal data from the past several years with a forecast for 2008.

Anne Anderson, Owner of Lakeshore Realty in Coeur d'Alene, Idaho also spoke on the Apartment/Condominium Market in the Spokane and Kootenai Counties.

This annual event was held at the Spokane Convention Center on February 21, 2008 and was attended by more than 600 REALTORS®, lenders and appraisers. Coeur d'Alene Association of REALTORS® is a sponsor of this event.
Kootenai County Statistics
Richard Jurvelin's PPT
Anne Anderson's PPT
Jim Lau, Phil Burch and Roni Atkins

FHA, IFHA and Rural Development Seminar
February 5, 2008


FHA Update by Phil Burch
Working toward consolidating House Resolution Bill 1852 and Senate Bill 2338 program that could:
   •  Increase loan ceiling to California rate or possibly up to $700,000
   •  Possible 40 year term loan
   •  Possible 1 1/2% down payment instead of 3% down payment

IFHA Update by Jim Lau
Discussion on HOME Down Payment Assistance Program:
   •  Minimum $1,000 to maximum of $20,000 for qualified buyer 
   •  Down Payment will be No Interest
   •  Down Payment will be forgiven over 5 year period if conditions are met

Rural Development Update by Roni Atkins
Discussion on Best Payment for a guaranteed loan:
   •  Post Falls and other close-in locations qualify

PRESS RELEASE
For Immediate Release Date: 1/25/08
Contact: Kim Cooper, Coeur d’Alene Association of REALTORS®
Phone: 208-664-9221 Email: Kim@KimCooper.com

REALTORS® REACH AGREEMENT WITH ASSESSOR
The Coeur d’Alene Association of REALTORS® announced that it has reached a data sharing agreement with the Kootenai County Assessor. The Agreement will be signed in a ceremony at 2:00 p.m. on Tuesday, January 29, 2007. The data share agreement eliminates the necessity of a proposed Sale Price Disclosure Ordinance that would have required disclosure of the sales price paid in nearly every property transaction in Kootenai County.

This agreement keeps the reporting of sales price data by buyers and sellers voluntary while assisting the Assessor in properly assessing values. Under the new agreement the Assessor is given the same limited access commonly given to private appraisers.

The association retains ownership and all rights to that data and is granting the Assessor limited access to assist the Assessor in determining the value of properties within the County. Without this access, it is feasible that the taxpayers would face increased taxes to fund additional personnel for the Assessor’s office. The beautiful thing about this agreement is that it is a private enterprise solution to a problem.

Peter Smith, the attorney for the Association, believes that sales price disclosure leads to taxation. “Though the proposed ordinance expressly stated the information collected could not be used as a basis for a real estate transfer or excise tax, sales price disclosure is one step away from a real estate transfer or excise tax. This agreement avoids taking a step toward more taxation.”
409 W. Neider | Coeur d'Alene, ID 83815
Tel: 208.667.0664 | Fax: 208.664.8529
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