Monday, October 26, 2009

Latest RCA Information

Once a month, RCA puts out some information regarding what's new within the commercial REALTOR world. Here is the latest.

The Commercial Block at the NAR Conference and Expo: ( http://www.realtor.org/commercial/commercial_day .)
Commercial sessions and events are better than ever this year so encourage your members to join in – November 13-16. Commercial has a dedicated area on the exhibition floor where you can relax, get information and visit. There’s a fun interactive event with Nathan Sawaya, the artist who builds LEGO® sculptures. He’ll lead an interactive building project, so tell everyone to stop by Booth # 3025. It’s the center of all things Commercial.

This is BIG!
" At a 5% discount/35% marginal tax rate, if $100K in assets are reclassified from a 39 to a 5-year recovery period, net-present-value savings are about $16K. " This is the kind of information members will hear at the Cost Segregation session at the NAR Conference and Expo in November. Saving a client $16K can’t hurt! Despite these tough times, encourage your members to attend. Paul White, CCIM, CPM, presents “Cost Segregation: Improving Cash Flow/Deferring Taxes” on Nov. 15 from 1:30 till 5 p.m. Advanced C.E. enrollment is required.
Go to http://www.realtor.org/educsess.nsf/PagesLUNew/09confce04 .

PODCAST* RCA Chair Tells It Like It Is!
Bob Toothaker courageously accepted the RCA Committee Chair position in January, 2009 under unexpected circumstances, and you might say it’s been a whirlwind ever since. The unprecedented economic downturn has commercial practitioners hanging on and hoping the market improves soon. In a podcast this month, Bob recounts efforts that he, NAR and RCA have worked on to keep our industry’s key messages before policymakers and Congress. Listen to the impressive work and modest accomplishments that occurred this year and – importantly – what advocacy continues. Follow this link to see the podcast: http://www.realtor.org/commercial/toothaker_podcast

Commercial Professionals Have Interesting Profile
Did you know commercial members completed a median of eight transactions in 2008 with average sales of $2+ million and their median income was about $100K? Plus 52% of members work for a commercial-exclusive firm and 10% saw an increase in international transactions.

Don't forget that the Commercial Mandatory Update is this Wednesday October 28th at 1:00. Cindy Chandler will be the instructor for the four hour required course at the RRAR location at 111 Realtor Way in Cary. Make sure you register today.

Friday, October 16, 2009

Which Generation Are You?

Last year I served on a National NAR Committee that was charged with looking at ways to communicate with the up and coming Generation X and Ys. NAR has their conference coming up next month in San Diego and one of the topics is Generational Marketing and Negotiating.

They sent along some information regarding the different generations and their characteristics and I thought I would pass that on to you folks. Honestly, I was sort of surprised when I saw the generation I'm supposed to be. Partly, because I didn't realize I was that old, but mainly how spot on it was. So here they are, does it sound like you? And more importantly, how are you going to alter the way you communicate with the clients that fit into those generations?

G.I. Generation: Born Between 1900-1924
  • Moral Standards and Values
  • Make and Follow Rules
  • Civic Duty and Patriotism
  • Hard Work, Self Sacrifice
  • Loyalty
  • Work Together for Common Goals
  • Conform

Silents: 1925-1945

  • Value Authority/Expertise
  • Respects other's opinions
  • Want options/choices
  • Mediate/talk-it-out
  • Need Affirmation
  • Risk Averse/Decision Paralysis
  • Delayed Gratification
  • Now is Their Turn

Boomers: 1946-1964

  • Idealistic and Involved
  • Creative/Entrepreneurial
  • Self-Satisfied
  • Career-Focused Workaholics
  • Success=Personal Achievement
  • Risk Takers
  • Entitled to the Best
  • No Fear of Credit or Leverage
  • What's in it for Me?

Generation X: 1965-1981

  • Why Me?
  • Skeptical/Pragmatic
  • Distrustful/Confrontational
  • Little Brand or Employer Loyalty
  • Self Motivated/Involved
  • High Tech and High Touch
  • Family/Friends Before Job
  • Time vs Space

Millennials: 1982-2000

  • Very High Tech-Speed
  • Inclusive and Interracial
  • Collaborative
  • Can Do/Optimistic
  • Future Investment Planning
  • Financially Oriented
  • Impersonal, Lack of Social Skills
  • Pressured, Stressed
  • Impatient, Want It Now

Wednesday, October 7, 2009

It's Coming! Dues Billing

Who can believe that we are now approaching the middle of October and that the Holidays (Ugh!) are right around the corner. This time of the year also means dues billing for 2010 will be going out. Currently, we are scheduled to email your dues invoice on the 19th of October. Yes, it's a little earlier but we thought we would give you a little more time to get those dues in.

On the morning of Monday, October the 19th, I arrange to email your dues invoice through the company that runs are membership management system. There is a mass email blast that occurs and every ones' bill should arrive in their email box no later than that afternoon. PLEASE check your SPAM box. Many times my emails end up in your trash and you may want to arrange with your IT people to white list us. All of you folks that have admin people, make sure you print up the invoice and give it to the people that take care of that stuff. Institute Affiliates will get their invoice but they can make arrangements for their payment through their respective affiliate groups in the manner that they require.

Okay, with that said, let's talk about a couple of things. First, in theory this is due to us by the end of January. Now if by January, you think there is going to be an issue, please contact me at the office, 228-2588 or by email at kimb@tcar.com . The bottom line is we really don't want our members to fall by the wayside. So let us know what is going on.

Second, let's not be thinking that all of that money is coming to TCAR. We're not rolling in the dough here and we too have been hit by the current economic situation much in the same way as everyone else has. You're $426 pays for membership into 5 groups: TCAR, NCRCA, NCAR, NAR and RCA. If you don't know the acronyms, let me know, but that's a pretty decent deal. I could expound on the fact that even at a time when things have been pretty tough, TCAR has really gone above and beyond to create programming that has been worth that alone. I won't go into all the other things available to you through all the other associations but we have blogged about it in the past. Look up the benefits of membership on a previous blog.

Third, keep in mind how that money gets divided up. $181 goes to TCAR and pays for the office, staffing and what all we do. Pretty remarkable with 580+ members and you can do the math. $115 goes to NAR and RCA and the last $130 belongs to the state Association. Really when you break it down and learn about what all these group accomplish, you would realize it's a pretty good deal.

Lastly, there is that RPAC contribution that looks like we're sneaking it into your bill. I promise that is not our intention. The issue is the way the program is written and unfortunately, that is the only way it can be added. However, I would like for you to consider this as not a contribution but an investment in your business. Many people are confused with RPAC and to clarify, that money goes to cnadidates/people that are running for political offices whose ideas are in line with what the REALTOR Associations are. No, it does not go to anyone political party, typically at the end of the year, the PAC is pretty well split between the two major parties. No, the PAC is not giving a boatload of money to any one candidate. In fact the most a candidate can get from the monies collected by an association is $2500. In the end, this money elects people that protect your clients and your paycheck.

So be looking for that invoice, give me a yell if you have any questions and thank you for being a part of our membership!

Sunday, October 4, 2009

Commercial Mandatory Update

All North Carolina Real Estate agents should be painfully aware that they are required to complete eight hours of continuing education every year. the commission's year starts in July and ends in June.If you have ever forgotten to complete the required classes, you know how stressful it is when your license ends up inactivated until you complete everything you need. I usually tell folks to check your education records on the Commission website in January so you can start planning on when you'll take the classes you need to finish up those eight hours in the allotted time frame.

Everyone needs to take the Mandatory Update. If you're a broker in charge, you'll need the four hour BICAR class, which, between the two, usually finishes off a BIC's requirements for the year. Everyone that is not a BIC needs an additional four hours in an elective of their choosing. What's difficult for commercial brokers is the fact many of the courses offered out there are for the residential REALTOR, meaning,in many instances, you're stuck in a class that really doesn't apply to what you do.

TCAR has always made an effort to bring classes to their members that are based on commercial examples. Every year we try to do the mandatory once in the fall and once in the spring, with a BICAR usually in the winter months and an elective added onto one of the other classes we offer. Hence, on Wednesday October 28th from 1-5 PM, we will be offering the 2010 Commercial Mandatory Update with Cindy Chandler. It is $55 for members and $75 for non-members. Registration can be done either online or by calling the office at 919-228-2588. It will be held at the Raleigh Regional Association of REALTOR building, 111 Realtor Way in Cary.

Cindy always suggest that I tell folks that the commission DOES give credit for this class but they always recommend that you take the residential class. I'm not sure for the reason but I always tell folks that. It's sort of a disclaimer but you get full credit for the Mandatory, so don't worry. As always if there are any questons or issues, please contact me at the office number or you can email me at kimb@tcar.com .

Wednesday, September 30, 2009

TCAR Announces New Board Members

On September 24th TCAR held their Showcase at Access Office Center in Raleigh with NC States, Dr. Mike Walden. We also held the first part of our Board of Directors Elections. Members were also given the option to vote online over a two day period.

The Board of Directors is comprised of twelve members and the Past President. You must be a REALTOR in order to serve on the board, however, there are two positions that can be filled by Associate members, people that while not REALTORS have a connection to the commercial real estate industry. There are also rules in which there are only permitted two board members from any one firm and while a board member serves at the very least a 3 year term, they must wait two years before returning to the Board of Directors.

At the end of 2009 we have two board members, Larry Rogers of CresaPartners and Baxter Walker of Anthony & Company, ONCOR International rolling off. First, let me say that both have been active on the TCAR Board. Larry has been in charge of the Government Affairs, RPAC and the Technology Committee. Larry I will always remember because he would sit in my office after board meetings and we would talk about my son and New York City. I always appreciated his interest in my family and have enjoyed getting to know him.

Baxter has headed up the Networking Committee and has been in charge of our Community Service for TCAR. All of the Habitat for Humanity Workdays have been organized by Baxter. I'll always remember him fondly because whenever I was on site looking for him, I knew to look up. Baxter was always on the roof or some tall scaffolding, something that for the most part terrified me! Of course, Habitat has taught me that driving a nail is something that can be a challenge for me. Forget the whole heights thing.

So with Baxter and Larry rolling off, the board nominates TCAR members they feel have the qualifications to serve on the board. From there, we contact those nominated to see if they are interested and have the time to serve on the board. Those that accept, are placed on the ballot. At the Showcase, we use stamped ballots and bios are available to read over. Online voters had access to the bios on their electronic ballot. We then check membership on all the paper ballots and match them to the online voters to make sure folks didn't vote twice. From there, the board members are chosen based on the nominees that get the most votes. Short word of caution, we will be eventually going to an online ballot only in the future, so be prepared.

And now it's my pleasure to announce this year's new Board Members, Christina Coffey of Hunters and Associates and Kathy Gigac of Anthony & Company, ONCOR International. They will start their terms January 1st but will be invited to sit in on the November Board meeting and attend the President's Dinner in December. The TCAR Board is excited to have both as new additions to the group and look forward to their participation.

Friday, September 11, 2009

4th Annual Joint Event: Another Great Event

I had not realized it has been so long since I last wrote but we have been so busy here at TCAR with us finishing up with the Joint Event that was on the 27th of August. And it was another really successful event!

The Joint Event is put on by several commercial associations including TCAR, NC-CCIM, TCREW, TRAOBA, IREM BOMA, NAIOP and our newest addition, AAREPNC. Every year the group does a fund raiser with a theme and this year we are pleased to announce we were able to raise $10,000 and an undetermined amount of canned goods for the Inter-Faith Food Shuttle.

This year we celebrated our school spirit by wearing the colors of our choice at Highwoods Properties, Inc and John Hogan's, 3600 Glenwood Ave in Raleigh. Our appreciation to them and the other Gold Sponsors, Shelco and HagerSmith Design.

Over 400 local commercial real estate professionals celebrated their school spirit to the tunes of DJ Joe Bunn and enjoyed a tailgating pig picking done by Lip Service Contemporary Catering. We raffled off over 19 prizes that included a Panthers weekend in Charlotte, U2 Concert tickets, football game tickets, tailgating tents and all kinds of great gift certificates.

"We were pleased and surprised to have raised the amount of money we did this year for the Inter-Faith Food Shuttle" said TCREW and Joint Event Coordinator, Kerry Saunders. If you don't know about the Inter-Faith Food Shuttle, they are an organization that believes that hunger is unacceptable and has developed systems that recover, prepare and distribute wholesome, perishable food for the area's poor, hungry, undernourished and homeless. Founded twenty years ago, it is a highly efficient multi-layered approach to combat hunger. For more information on the Interfaith Food Shuttle and how you can be more involved, go to http://www.foodshuttle.org/aboutus.html .

I would also like to list the Silver Sponsors that also made the donation and the Joint Event possible. They are as follows: Allied Barton Security Services, Ambius, Bland Landscaping, Carolina Place, Cary Reconstruction Co,Inc, Code Electric, Inc, Edge Office, Environmental Holdings Group, LLC, Exterior Diagnostic Services, Fifth Third Bank, Graebel, Grandbridge Real Estate Capital, Greenscape, Inc, HighRise Repair, Inc, Heery, Lincoln Harris, MG Capital, NAI Carolantic Realty, Inc, North State Bank, Office Suites PLUS, Phillips Architecture, PPM-Global, Scotties Building Services, Sears Contract Inc, SkySite Aerial Photography, Smith Moore Leatherwood, LLC, Sparkkles Restoration, The Law Offices of Tony Tingen, PLLC, Tri-Properties, Wake County Economic Development and York Properties.

Thank you again to everyone that made it all possible! Special thanks to the other volunteers that were the underdogs of the evening. We look forward to next year!

Thursday, August 13, 2009

Seven Reasons to Be a Member

You get a number of benefits from NAR’s Commercial Division because TCAR is an Accredited Board.

The commercial real estate market remains challenging, so you're looking for the most value from your membership. To support members, we’d like to focus on several commercial benefits NAR provides. We would like to share with our members these seven benefits.

1. Member Development Services - Education Tools
Since there are so many to choose from – Signature Series, educational opportunities and custom programs -- this month we highlight just one: Top Dogs Webinars. With the NAR discount (not widely published) members receive a $40 discount. On August 20 the topic is "Commercial Property Financing: How to get a Deal Done,” and on August 21, "Impressive Presentations – How to Win Every Assignment." Each session is only $49 for members. Read more details and register at: http://tinyurl.com/TopDogsWeb

2. Events - Commercial Connect in San Diego
Every year the commercial programming evolves. This year, commercial professionals can choose from a beginner or professional track to suit their experience level. A special Commercial block on the trade show floor will feature commercial-specific products, programs and services. With over 2,000 Commercial attendees, the NAR Conference is no residential-only show. Look for regular updates about each commercial event and encourage members to create their own Conference Planner at: http://www.realtor.org/convention.nsf/pages/registration.

3. CommercialSource.com: Becoming a Major Player
This popular commercial property-listing web site continues to grow! This month we welcome the Chicago Association of REALTORS®, the newest data content provider with thousands of listings. Whether listings are done through an MLS, CIE, or need to be manually input on CommercialSource, the website has a solution for your local market. We encourage members to make CommercialSource.com a "favorite" on their browsers. http://www.commercialsource.com/Home/Default.aspx.

4. Commercial Social Networking – we’ve got you covered
Not a day goes by where you don’t hear about social networking and its applications to the business world. NAR Commercial has a growing and dynamic presence on major sites such as LinkedIn, Twitter and Facebook. This month we’d like to highlight the RCA Accreditation community on Facebook. It’s an excellent member resource for posting questions and networking.Go to http://www.facebook.com/group.php?gid=21668983957.

5. Commercial Research – High Quality, NO Charge!
You know about NAR’s excellent Research Tools, but a friendly reminder will lead you to usable information and data on http://www.realtor.org/

6. Publications - Six Newsy Commercial Communiques
Various publications keep members apprised of breaking news, NAR advocacy, industry events, business development and management tips. Print and electronic communications are free and are received when members indicate "Commercial" as a primary or secondary business in their NRDS profile.
http://www.realtor.org/commercial/rca_publications.

7. Legislative/Regulatory Updates
Well over 50% of all advocacy in Washington D.C. is conducted on behalf of commercial real estate. More than 80 topics can be found on REALTOR.org under Leg/Reg on the Government Affairs page. Topics range from Alternative Minimum Tax to Banks in Real Estate to Commercial Lending to TALF. Members can build their expertise by regularly reading these updates. Go to http://www.realtor.org/fedistrk.nsf/LegRegIss?openview&ExpandView&Count=500

AFFILIATE NEWS TO USE:

Facilitated Online and All Home-Study Courses from IREM® Now Discounted 25%!
Expand your professional skills to include real estate management and get a stream of supplemental income. IREM®, the premier provider of real estate management education, offers a wide variety of home study and facilitated online courses. Register at https://www.irem.org/sechome.cfm?sec=education, during August or September for any of 16 home study and 19 facilitated online courses and get the discount. Enter code IAE25 to get the discount.

Of course, if you have any questions you can always contact the office at 919-228-2588 or email me at kimb@tcar.com and I can certainly point you in the right directon.