1. No category

BTVAR Times
2015 Board of Directors
V O L U M E
2 ,
I S S U E S
Watch for our new camera
icon to view more pictures
from many of our great
events!
4
P G
1
O F
1 2
Scholarship Time!
President
Mike Mumpower
President Elect
Fred McClellan
Treasurer
Mia Johnson
April is one of the most exciting BTVAR membership meetings of the year! It’s
our annual scholarship luncheon meeting, when we get the honor of announcing
the ten (10) winning essays in BTVAR’s annual “What Home Ownership Means to
Me” essay contest, and present each of these winners with a scholarship. This
years essay winners, from 10 of our area high schools, are:
Secretary
Karen Cox
Past President
Anita Morrell
Director
Laura Ashley
Director
Jessee DeLoach
Director
Warren Klutz
Director
Debbie Miller
Director
Bette Bibee
Director
Laura McMillan
Sr. MLS Representative
Jim Warren
BTVAR President
Mike Mumpower
Anna Heath – Daniel Boone High School
Victoria Upton – Abingdon High School
Alexandra Johnson – Twin Springs High School
Payton Garland – David Crockett High School
Ashley Verran – Unaka High School
MaKayla Lady – Sullivan East High School
Olivia Davis – John I. Burton High School
Eric Faidley – Tennessee High School
Brooke Martin – John S. Battle High School
Andrew Jones – Eastside High School
Congratulations to these students, and thank you for participating in our
“Believing in Home Ownership College Scholarship Essay Contest”!
INSIDE THIS
ISSUE:
Home Run 5K
2
CE Courses
3
HUD Changes
4
RPAC Report
5
CE Shop
Discount
5
Trade Show
7
New Online
Transfer Process
at DPOR
10
Additionally, I would like to thank our Affiliate’s Committee, chaired by Debra
Kennedy, and a whole host of volunteers from BTVAR, who helped to make our
first-ever BTVAR Expo “Realtor Royale”, a tremendous success. This trade
show was top notch, with many interesting/informative exhibitors, beautifully
decorated booths and expo area, helpful “classettes”, fun casino games, and
exciting prizes. The greatest benefit, I believe, was the wonderful day-long
opportunities to network with a vast array of professionals offering services and
products which greatly assists us, as Realtors, in our day to day business. I know I
picked up new contacts, and have already called on some in my business.
Next up, the BTVAR Home Run 5K! Read on in the newsletter about that!
We’re having an exciting year, jump in and take part; we need YOU!
900 Anderson Street 2nd Floor Bristol, TN 37620
P. 423-968-1192 F. 423-968-2840
info@btvar.com
Join Us!
May 30th
beginning at 8:00 at
Anderson Park
The cost is only $25.00 to participate and it’s a great way to support the
students within our community by giving away scholarships to area high
school seniors who are winners of a “ What Home Ownership Means to
Me” essay contest. View our Race Participation Form or Register Online!
Door Prizes will be given during the awards ceremony immediately
following the race. If you are interested in being a sponsor please
complete our Sponsor Application and return it to info@btvar.com
Thank you to our current Sponsors!
Gold Sponsors
Renasant Bank



Title Equity
Corporation
Fred McClellan

(Callebs Realty)


Chainfree Bristol
Mia Johnson
(PEMCO)
Evelyn Lindamood
(Prestige Homes)

Silver Sponsors
Realty Executives Bristol
Bronze Sponsors
Citizens Bank
Laura Ashley &
Amy Booher
(Realty Executives
Bristol)
Big Orange Realty
 Lender’s Title
& Escrow
 Koltown
Properties
 Apple Realty





Fairway Realty
Rob Thomas
(Prestige Homes)
Deer Run
Apartments
Highlands
Podiatry
Media Sponsors
Pulp
Bristol Herald Courier
Contributors
Modern Designs
Bristol Rhythm & Roots
Banana Table Sponsor
Evergreen Title & Closing
Door Prizes
Wells Fargo
Chick-fil-A
Water Table Sponsor
Realty Executives Bristol
Bags for Runners
Bank of Tennessee
PAGE
Education
Upcoming Education
TN CORE Class with Karen Randolph
May 18, 8:30am
Location: Bristol Public Library Cost: $15.00 for Members
6 hours of TN CE ONLY.
RSVP to info@btvar.com by May 15
NAR Legislative Meeting & Trade Expo May 11-16
Location: Washington DC
Cost: FREE to NAR Members
Click here to register
TAR Fall Convention September 16-19
Location: The Peabody Memphis TN
Cost: TBD
Click here to register
Code of Ethics with Edithann Wadewitz September 22
Location: TBD
Cost: $15.00 for Members.
RSVP to info@btvar.com
CE with John Dickinson
October 13 & 14
Location: Hilton Garden Inn Bristol, VA Cost: $15.00 for Members
16 hours of TN & VA CE available.
RSVP to info@btvar.com
Contact BTVAR at info@btvar.com for questions or to sign up.
BTVAR
TIMES
E
D
U
C
A
T
I
O
N
A
L
O
P
P
O
R
T
U
N
I
T
I
E
S
3
PAGE
4
New BTVAR Website!
Visit
Logging in
BTVAR.com today
is simple!
and let us
know what
you think of
Username:
Your NRDS ID
Password:
Your Last Name
(Case Sensitive)
YOUR
new site!
Changes coming to HUD-1 & Closings
The days of filling out the HUD-1 settlement form and getting a Good Faith
Estimate (GFE) from the lender are winding down! The Truth in Lending Act
(TILA) disclosure form is going away, too!
Article provided by
TAR Digest
Starting Aug. 1, you will have to work with two new forms, the Closing
Disclosure and the Loan Estimate. Also, you will have to get all of the
transaction paperwork finalized three days before closing. You can learn about
these changes HERE.
The page linked above also features a five-minute online video to watch —
from NAR Government Affairs — explaining the changes.
BTVAR
TIMES
VOLUME
2,
ISSUES
4
PAGE
5
The CE Shop—May Promotion
Save 20% off your online education!
Enroll today:
http://btvar.theceshop.com/
Enter MAY20 at checkout to receive your discount!
RPAC Progress Report
If you would like to make a contribution
to RPAC please contact the Association
Virginia Association of
Tennessee Association of
REALTORS®
REALTORS®
Contributions as of 4/24/2015 Contributions as of 4/24/2015
$570.00
$1,375.00
2015 Goal
$2,070.00
office at 423-968-1192 or email
info@btvar.com. Your contribution
supports your business!
2015 Goal
$3,015.00
NAR’s New Legal Pulse Report
Each quarter, the National Association of Realtors (NAR) issues the Legal Pulse
newsletter tracking when — and for what reason — real estate professionals are currently being held
liable! The Legal Pulse also identifies emerging issues and trends, helping to reveal where additional risk
reduction training is needed.
A new edition of the Legal Pulse, issued on April 15 (Tax Day!), highlights research from the fourth quarter of
2014, including a review of the entire past year, and looks at trends and emerging issues such as Agency,
PCD, RESPA, and Fair Housing.
The latest Legal Pulse focuses on three major topics of concern — Agency, Property Condition
Disclosures, and RESPA!
Source: TAR Digest (view the original article)
REALTORS® and Pinterest
Can REALTORS® use
Organization
Pinterest as a Marketing Tool?
Bristol TN/VA Association of
REALTORS
Yes, of course you can use Pinterest to grow
Hagan Horn—Association Executive
your business. Pinterest is more about
900 Anderson Street
engaging your followers and building trust.
2nd Floor
Bristol, TN 37620
We’re on the Web!
www.btvar.com
You want your followers to look to you as the
Phone: 423-968-1192
expert on all things real estate related. Create
Fax: 423-968-2840
Pinterest boards that are full of eye-catching
E-mail: info@btvar.com
images that are related to home living.
I
Remember, the point is to find things that will
prompt your followers to re-pin the image.
@BTVAR
BTVAR!
NAR has several great resources including a
field guide.
Source: VARbuzz (view original article)
RPR mobile™ is now available
RPR mobile™ was
approved by Apple, and is
now available for download
in the App Store. Also as
noted previously, the
Android version is available
for download from the
Google Play Store. This
gives REALTORS® a new
level of access to the data
found in RPR while out in
the field.
Now REALTORS® using
RPR mobile™ can instantly
view the properties around
them, and get listing, sales,
valuation, assessment, deed,
foreclosure, school, photos,
maps, market trend
information and more. We
encourage you to take a
moment and download the
app onto your device.
Update provided by
RPR CEO, Dale Ross
Additionally, with the
release of RPR version 1.34,
the RPR product and
development teams have
just wrapped up
development on a new
feature that allows our RPR
mobile™ users to draw a
custom search area using
the maps directly on your
smartphone. Look for more
information on this
enhancement in the coming
weeks.
Visit their website for more information
blog.narrpr.com/mobile/
MISSION STATEMENT:
BTVAR’s mission is to encourage its members to successfully attain their highest goals in an ethical and professional manner
and advocate the rights of private property ownership.
VIEW MORE PICTURES >>>>
VOLUME
2,
ISSUES
4
PAGE
8
U.S. Housing Market
This past week on April 21, the nation’s leading housing economists
spoke at an economic and policy forum to appraise the state of the
U.S. housing market. The event, held by the National Association of
Realtors, National Association of Home Builders, and McGraw Hill
Financial Global Institute, drew more than 80 attendees representing
industry analysts, congressional staff, and members of the media.
“Realtors support legislative and regulatory efforts to protect
homebuyers from the risky and predatory lending practices that
contributed to the nation’s financial crisis nearly a decade ago,” said
NAR Immediate Past President Steve Brown during his opening
remarks. “In some cases though, well-intentioned but overly-corrective
policies are hampering access to credit and holding back the housing
market from a full recovery. We need to strike a balance.” [Just a few
days prior to this forum, NAR President Chris Polychron told the U.S.
Senate Banking Committee at an April 16 hearing that unnecessary
regulatory burdens are preventing qualified, creditworthy
borrowers from purchasing homes.]
At the April 21 forum, NAR’s Chief economist Lawrence Yun made this
observation: “I do expect first-time buyers to slightly pick up this
year as the economy and job market continues to stabilize.” Yun
added that a combination of new home construction and a responsible
increase in credit access would create more opportunities for firsttime and move-up buyers to enter the market.
To read a report on the entire conference, including comments by
several different presenters, go HERE.
Source: TAR Digest (view original article)
PAGE
9
Education
Education
A
S
S
O
C
I
A
T
I
O
N
S
C
H
E
D
U
L
E
Mark Your Calendars!!
Education Scheduled for 2015!
-March 10 2015—RESCHEDULED
Code of Ethics Instructor is TBD
-April 23 & 24 2015
CE Courses with John Dickenson @ The
Holiday Inn Bristol, VA
-May 18 2015
TN CORE CE Class with Karen Randolph
-September 22 2015
Code of Ethics with Edithann Wadewitz
-October 13 & 14 2015
CE Courses with John Dickenson @ The
Holiday Inn Bristol, VA
. . . With More To Come!
Online Education Calendar
F
O
R
Membership Meetings
January 23rd 2015—Awards Banquet @
The Bristol Train Station
April 29th 2015—Scholarship
Luncheon
July 10th 2015—Annual BTVAR
Picnic
September 24th 2015—Annual Meeting/
Election
New Member Orientation
March 11th 2015—New Member
Orientation
9AM-12PM at the BTVAR Office
September 16h 2015—New Member
Orientation
Board of Directors Meetings
January 29th 2015
March 31st 2015
May 26th 2015
July 21st 2015
August 18th 2015
October 20th 2015
December 15th 2015
**All meeting dates are subject to change.
More information to follow throughout the year
however, please feel free to contact the
Association office at 423-968-1192 or visit us
online at www.btvar.com for more detail.
2
0
1
5
BTVAR
TIMES
Office Closed
May 25, 2015
Memorial Day
PAGE
10
Education
DPOR Launches New Online Transfer Process
In 2013 VAR worked with DPOR and VREB staff to create a transfer
process that allows a licensee to begin work at his new firm on the day the
transferring agent and new broker sign and submit a fully completed
application to DPOR. The new process eliminated long wait times for
transferring licensees and allowed licensees to get back to work sooner.
This process can still be utilized and is described at VAR's website.
DPOR's new online transfer process will further improve the speed of
licensees transferring from one firm to another. It should also reduce the
number of applications that are sent back due to errors. A few points about
this new process:

The Real Estate Board will introduce an online transfer process but will
look to add more online services in the future.

Although the online transfer process is simple, it is critical licensees read
the VREB Speaking Article below. It provides a concise overview of the
process and links to a video and other resources that walk licensees
through the process step-by-step.

Brokers and salespersons are encouraged to create a DPOR Online
Services profile at DPOR Online Services as soon as possible so they
can easily take advantage of the online license transfer feature when
needed.
Watch an instructional video on YouTube at http://youtu.be/i41WSwPdKkU!
Submitted by the Legal Team of the Virginia Association of REALTORS®
More information can be found on VAR’s Website
BTVAR
TIMES
N
E
W
O
N
L
I
N
E
T
R
A
N
S
F
E
R
P
R
O
C
E
S
S
2015 Sponsors
GOLD
Bristol Herald Courier
320 Morrison Blvd. Bristol, VA 24201
Dawn Friedman dfriedman@bristolnews.com
Amanda Wampler awampler@bristolnews.com
276-669-2181 Fax 276-645-2527
Citizens Bank
P.O. Box 1218
Bristol, TN 37620
Kathy Fields
423-989-4426 Fax 423-989-4449
Kathy.fields@citizensbank24.com
www.citizensbank24.com
Community Contractors Connection
Time Rhea
Office: 276-644-3426
trhea@communitycontractors.net
Pulp
1709 West State Street Bristol, TN 37620
Zanna Blankenbeckler zanna@getpulp.com www.getpulp.com
423-764-5751 Fax 866-511-5453
Evergreen Title and Closing, LLC
1104 Volunteer Parkway, Suite 110 Bristol, TN 37620
Devereux Rice, Manager
devereux@evergreentitleandclosing.com
Gwen Pugh gwen@evergreentitleandclosing.com
423-573-9750 Fax 423-573-9751
www.evergreentitleandclosing.com
Lenders Title and Escrow, LLC
834 State Street Bristol, TN 37620
Cindy Minton cminton@titleandclosing.com
423-652-1091 Fax 423-652-1090 www.titleandclosing.com
Eastman Credit Union
1237 Volunteer Parkway Bristol, TN 37620
Nikki Frazier nfrazier@ecu.org www.ecu.org
Mortgage Business Development Consultant 423-274-6066
First Bank & Trust
40 East Valley Drive Bristol, VA 24201
Jim Sells/Rick Buchanan 276-466-9222
jsells@firstbank.com
www.firstbank.com
Randy M. Kennedy
Attorney and Counselor at Law
625 Anderson Street Bristol, TN 37620
423-764-7162 randyk@rkennedylaw.com
Title Equity Corporation
Executives Park 1241 Volunteer Pkwy, Suite 300 Bristol, TN
Jane Fletcher tec@titleequity.com www.titleequity.com
423-989-3606 Fax 423-968-5132
SILVER
If you are interested in our sponsorship
program please contact BTVAR at
423-968-1192 or info@btvar.com
for more information!
BRONZE
East TN Movers
5725 Highway 11E, Suite 3
Piney Flats, TN 37686
423-878-5055
Rita Eggers—rita@easttnmovers.com
Dean Roberts—dean@easttnmovers.com
Michelle Wilder—michelle@easttnmovers.com
Powell Valley National Bank
P.O. Box 100 Jonesville, VA 24263
276-346-1414 Mary Beth Baker
mbaker@powellvalleybank.com
2015 Affiliates
Accounting Services
Blackley, Olinger & Associates, PLLC
601 Volunteer Parkway, Suite C
Bristol, TN 37620 423-989-3387
Charles P. Olinger
cploinger@boacpa.com
Judy S. Olinger
jsolinger@boacpa.com
S. Douglas Blackley
sdblackley@boacpa.com
Attorney
W. Derek Malcolm, Esq.
Attorney and Counselor at Law
100 Fifth Street, Suite 520
Bristol, TN 37620
423-291-4810 Fax 423-291-4811
Derek@dmalcolmlaw.com
Banking/Mortgage Companies
Appalachian Community Federal
Credit Union
6034 Bobby Hicks Hwy, Suite 2
Gray, TN 37615
Rachael Carroll, rcarroll@myacfcu.org
Penny Pavitt, ppavitt@myacfcu.org
423-230-2606 Fax 423-467-4274
Bank of Tennessee
1223 Volunteer Parkway
Bristol, TN 37620
Hannah Bibee
423-990-6726 Fax 423-990-2869
hbibee@bankoftennessee.com
www.bankoftennessee.com
Benchmark Home Loans
4138 Bristol Highway, Suite 4
Johnson City, TN 37601
Becky Rockwell
423-232-0111 Fax 423-232-7111
brockwell@benchmark.us
BB&T
1280 Volunteer Parkway
Bristol, TN 37620
Patti Waymire
423-990-2876 Fax 423-968-2833
pwaymire@BBandT.com
Mable Soublo
276-739-7654 msoublo@BBandT.com
www.bbandt.com
Cross Country Mortgage
505 East Center Street
Kingsport, TN 37660
Russell Street 423-292-2126
russell@crosscountrymtg.us
Highlands Union Bank
821 Commonwealth Ave.
Bristol, VA 24201
Michael Eldreth
276-645-7110 ext. 70518
meldreth@hubank.com
www.hubank.com
Home Town Mortgage Group, Inc.
2020 Meadowview, Suite 220
Kingsport, TN 37660
Marty Miller, Bristol 423-230-1900
htm@chartertn.net
www.Hometownmortgagegroup.com
New Peoples Bank
101 Linden Square Drive
Bristol, VA 24201
276-466-5358
Sharon Duckett
sharon@newpeoplesbank.com
www.newpeoplesbank.com
Regions Bank
840 State Street Bristol, TN 37620
Rodney Robinson 423-282-7685
Rodney.robinson@regions.com
Renasant Bank
340 Martin Luther King Jr. Blvd
Bristol, TN 37620
423-844-6648
Sharon Farmer sfarmer@renasant.com
Jerry Kirk jkirk@renasant.com
TriSummit Bank
425 State Street Bristol, VA 24201
276-645-6612
Peggy Littleton
plittleton@trisummitbank.com
United Capital Lending
2203 McKinley Rd Suite 130
Johnson City, TN 37604423-952-0172
Tyler Cathey/Shannon Bradley
tcathey@ucloans.com
sbradley@ucloans.com
www.ucloans.com
Virginia Housing Development
Authority (VHDA)
105 East Main Street
Wytheville, VA 24383
276-228-7060
www.vhda.com
Wells Fargo Home Mortgage
Penny Capell 423-646-5968
Penny.capell@wellsfargo.com
Doris Karshner, Abingdon 276-628-2056
Doris.karshner@wellsfargo.com
www.wellsfargo.com
Chamber of Commerce
Bristol TN/VA Chamber
of Commerce
20 Volunteer Parkway
Bristol, TN 37620
423-989-4850 Fax 423-899-4867
Home Inspector Service
First Step Home Inspections
31325 Old Saltworks Road
Meadowview, VA 24361
Mark McKinney 276-698-0922
firststep@centurylink.net
Practical Preservation
David Shumaker
423-633-0979
houseshu@btes.tv
Home Warranty
First American Home Warranty
446 N. Campbell Station Road
Knoxville, TN 37934
Maryann Azambuja
mazambuja@firstam.com
865-202-7780
Utilities
Bristol TN Essential Services
P.O. Box 549
Bristol, TN 37621-0549
Jennifer Booher
423-968-1526
jbooher@btes.net
www.btes.net
Exterminating
McClain’s Pest Control
1830 West Elk Ave.
Elizabethton, TN 37643
Bob McClain 423-543-7088
bugman02@embarqmail.com
Insurance
State Farm—David Reel, Agent
1323 Highway 394 Blountville, TN 37617
David Reel 423-323-5156 Fax 276-0284
David.reel.rean@statefarm.com