No tax credit? No problem! - Columbus Board of Realtors

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Eileen Howard Senior Mortgage Consultant 614.568.1964 Shelia Chambers Senior Mortgage Consultant 614.568.1963 Sheri Watkins Senior Mortgage Consultant Brett Rigney Senior Mortgage Consultant 614.568.1962 Ron Morr Branch Manager 614.568.1961 Debra Kelly Senior Loan Expeditor 614.568.1970 Lisa Bookheimer Senior Loan Specialist 614.568.1966 q2c.HallmarkHomeMortgage.com Danyelle Hall Senior Underwriter 110 Polaris Parkway Suite 305, Westerville, OH 43082 | 614.568.1960 20 • May/June 2010 • In Contract Magazine • www.ColumbusRealtors.com
Committee Report ALL HANDS ON DECK! Time to board the SS CORPAC! By Anthony Masci, Karen Lambert and Gretchen McKay, Co-Chairs CORPAC Fundraising Committee CORPAC Auction Thursday May 27 Grange Insurance Audubon Center 505 W. Whittier Street Columbus, OH 43215 Doors open at 5:30pm Spring is upon us, and that means the CORPAC Auction is right around the corner! As chairs of your CORPAC fundraising committee, we’d like to introduce you to this year’s venue and take a moment to remind you of the importance of CORPAC. This year, the CORPAC auction will be held at the Grange Insurance Audubon Center, located on the Whittier Peninsula just south of downtown. The facility, which opened its doors in August 2009, is situated within the Scioto Audubon Metro Park along the Scioto River with breathtaking views of our downtown skyline. The Center is the focus of a major urban reclamation and redevelopment project. The Audubon Center serves our community as a hub for environmental education and awareness and as a model for sustainable design thereby promoting the economic, health and aesthetic benefits of green building. It is a green facility of 18,000 net useable square feet built with recycled construction materials. Heating and cooling are provided by alternative energy sources. Every detail down to the placement of windows was designed to maximize the efficiency of the building. The landscape and backdrop are sure to provide for a enchanting night for all. Enjoy the views of our city’s skyline and the peninsula from the observation deck and terrace, as well as from inside. The surrounding gardens will feature a variety of trees and plants in full bloom. Cozy up by the indoor or outdoor fireplace and indulge in the unique offerings of locally grown and prepared organic cuisine. Most importantly, there will be a wide range of silent and live auction items ready for your bid. Complimentary valet service will be provided for those who don’t choose to sail down the Scioto! Get on Board by becoming a sponsor or by donating auction items. Don’t forget that you provide essential support to CORPAC just by purchasing a ticket! If you would like to Get on Board by attending the aution and/or by donating an item. Please contact us or CBR’s Kelly Lavelle at (614) 475-4000. For more information about the Audubon Center as well as the auction itself, please visit ColumbusRealtors.com/corpac. What does CORPAC do for me? Here are a few issues that CORPAC monitors and influences, which directly impact not only your business, but also the personal and business lives of those we serve: Proposed Vacant Property Legislation replaced Last month, a damaging piece of proposed legislation was pulled due to the efforts of CBR members, staff, the BIA and the Columbus Apartment Association – and others. The proposed legislation inflicted overly harsh obligations on all property vacant for more than 30 days – which would have included listings, properties being renovated and rentals, if vacant for more than 30 days! The legislation would have required the property owner to: • file with the city and pay $100 fee (even if being marketed for sale or rent). • have liability insurance. • have a property management company or person located within the city limits to manage the property. • board up the property • post a sign on the property saying that it was “vacant” – pretty much an invitation for theft and vandalism. Although this situation was averted, it is just one more example of your membership dues and CORPAC working to protect you and the rights of property owners. Still unsure why we need ALL HANDS ON DECK TO SUPPORT CORPAC and our industry? Then read on. Tax credit for first time homebuyers and repeat sellers: Fought for an adequate tax credit for both first time homebuyers and existing homeowners and extended the deadline for the benefits. Keeping banks out of real estate: Defeated the movement for banks to have the ability to provide real estate brokerage services. This is a fight that will likely resurface. Seventy-two hour cooling off period for real property sales: “Let me sleep on it” is a saying and should not pertain to a real estate contract that has closed. Defeated legislation would have allowed buyers a 72 hour cooling off period after closing. Mortgage Interest Deduction: Chatter arises again about eliminating or modifying the mortgage interest deduction. CORPAC dollars were used in the efforts to defeat the elimination or modification of the Mortgage Interest Deduction. CORPAC protects you. Help protect CORPAC. www.ColumbusRealtors.com • In Contract Magazine • May/June 2010 • 21
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Page 23 and 24: What is NAR’s RPR (REALTORS® Pro
Page 25 and 26: can reach her toll free at (877) 62
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No tax credit? No problem! - Columbus Board of Realtors

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