Commission News

The Alaska Real Estate Commission (AREC) met on June 3 welcoming PeggyAnn McConnochie and Traci Barickman as new Commissioners and saying farewell to Anita Bates and Brad Cole. Anita and Brad gave years of valuable service to the State of Alaska and our industry and their time and efforts are greatly appreciated. My personal thanks to both of you. The meetings are open to the public, and public testimony always takes place as one of the first items on the agenda. If you have concerns about license law issues this is your chance to be heard on the record. The next meeting is on September 2nd in the Atwood Building at 550 w. 7th Ave, Suite 1270 in Anchorage. They usually have signs directing you to the meeting room. The Commissioners are specifically asking for input during public comment on how real estate “teams” are operating, how they should be operating, how they should be advertising, how they should be disclosing licensee relationships, etc. Do teams need to be adjusting themselves to make sure they are complying with current statutes and regulations, or should the laws and regulations be tweaked to work with this ongoing way of doing business? Please give your input either in writing to the AREC or take time to come in to the meeting during public comment to help educate the Commissioners on this important topic. It is apparent that changes will be made to our laws and your timely input helps them get it right.

It was announced that the AREC is looking for volunteers to serve on an ongoing education committee. One area they are currently reviewing is Post Licensing Education. It was determined in the past that after completing pre-licensing education that the new licensee should receive a certain amount of post licensing education within one year of licensure. The theory was that putting more in pre vs. post was not as effective as having the post licensing education given while they are operating with real world experience. The Commissioners still feel this is appropriate in the case of new licensees, but are questioning whether this is appropriate with licensees upgrading to associate broker or broker. The majority opinion appears to indicate a change to more pre-license education for this category and dropping the post.

The AREC announced that it would start fining licensees for violations of advertising statutes and regulations. The first offense is $250.00, then $500.00 and up to $1000.00 for the third offense. Both the offending licensee and their broker will receive these fines. They remind you that according to AS 08.88.130(8) all advertising must contain the name of the brokerage as registered with the AREC.

In other business it was reported that the Recovery Fund had a balance of $471,000.00. Also in the financial arena, there is concern among the Commissioners that the ten year look back that took place that is the basis for most or all of cost allocations in the Division is flawed due to incorrect data from the start. The accounting issues for the Division go way back, and it’s doubtful they will ever be fully resolved. The AREC is doggedly following up the issue in an attempt to bring as much resolution as possible. It was reported that the regulation making it legal to pay commissions to legal entities is finally in place. This states that a brokerage may pay a commission to a legal entity as long as the entity is made up of only licensed individuals. Paying a commission to any other legal entity is still considered illegal; it is the responsibility of the broker to make sure the legal entity they are making a commission check to is made up of only licensees. The AREC reports that there are 2,527 active licensees with 90 new licensees in that quarter. The AREC will be working on a new and updated Brokers Manual.

Please remember that a new Consumer Disclosure (former pamphlet) and Waiver of Right to be Represented form are now in use. You must be using these on all new contacts and contracts or you are committing a license law violation.

 

Submitted by Dave Somers, Somers & Associates, Fairbanks
Alaska Real Estate Commission Liaison

 

2017 NAR Committee Recommendations

Are you or someone you know interested in serving on an NAR committee in 2017?   

The online Committee Recommendation Form on REALTOR.org will be accepting recommendations beginning on March 7th!  (Instruction documents will be available on March 1st.)  Please read the following important information regarding the Committee Recommendation Process:

Re-appointment to Committees & Continuing Terms

Committee members are NOT automatically considered for reappointmentA member currently serving on a committee, whose term expires in 2016 MUST submit a recommendation via the Online Committee Recommendation Form if he/she would like to be considered for service in 2017. 

Members who have a continuing term that expires in 2017 or 2018 do not need to submit a recommendation to remain on the committee; they will remain until the term expires.

Process for 2017 Committee Recommendation Process

The deadline for submitting committee recommendations is May 23, 2016.  All recommendations must be submitted via the online form.

Using the form, you can recommend yourself or another suitable candidate.   When submitting a recommendation you are required to include relevant comments that highlight the candidate’s skills and qualifications for the position.  All comments are confidential.

We encourage you to seek recommendations from colleagues with whom you have worked closely, in particular members of state and national leadership.

Follow these steps to access the Committee Recommendation Home Page:

1. Log-on to REALTOR.org
2. Click the “About NAR” tab at the top of the page
3. Click “Governance” in the right hand side of the page
4. Click “Committees” in the right hand side of the page
5. Click “Committee Selection Process” in the right hand side of the page
6. Click “Enter and view your committee recommendations” in the center of the page

The link below may also be used to access the recommendation form directly on REALTOR.org. http://gms.realtor.org/comrecords.nsf/comselMbrhome?readform

Things to Consider when Submitting Recommendations

Please review the committee structure, which lists each committee’s purpose statement, composition (how many members), length of term, and specific qualifications for consideration to see what committee you would best serve.  Please note that if appointed to a committee you will be expected to attend all of its meetings and serve the full length of the term.  Furthermore, please note that forums are open to all members; so recommendations need not be submitted for forums unless you are seeking the position of chair or vice chair.

The committee structure* can be found by clicking “View Committee Information” on the committee recommendation homepage (link provided above).

*Note: The content is from the current (2016) committee structure.  The 2017 committee structure will be approved at the REALTORS® Legislative Meetings & Trade Expo in May, 2016.

Expertise Profiles

NAR’s Expertise Profile Database was designed to provide all levels of the REALTOR® family (including the Local, State and National Associations) with key information about you and your professional experience. The information that you will provide in this profile will be used as a resource in a variety of ways, including identification of members with certain expertise to serve on committees, working groups, presidential advisory groups; also, to respond to surveys about association issues, products, services etc.  

Individuals interested in serving on NAR’s committees are encouraged to create and/or update their expertise profiles.  However, they are not required. Please note:  Completing an expertise profile is NOT the same as submitting a recommendation for yourself!  If you wish to serve on a committee you still must submit a recommendation via the online Committee Recommendation Form on REALTOR.org.

To access the Expertise Profile page*:
Click “Enter Your Expertise Profile” on the committee recommendations homepage (http://gms.realtor.org/comrecords.nsf/comselMbrhome?readform)

Turn to REALTOR.org for the Latest Information

Use of electronic mail and the NAR Governance page on REALTOR.org serves as the vehicle for promoting and publicizing information related to the Committee Recommendation/Selection process.  Therefore it is imperative that you adjust your email spam filter settings so that you receive important emails from NAR.

NAR Governance Home Page*:

http://www.realtor.org/user/login?destination=/governance

Committees Home Page*:

http://www.realtor.org/governance/committees

*Members need to have a REALTOR.org login and password to access these pages.  Contact Information Central at (800) 874-6500; InfoCentral@realtors.org for login and password assistance.

Contact Information

Alaska Association of REALTORS®
4205 Minnesota Drive
Anchorage, Alaska 99503

Phone (907) 563-7133
FAX (907) 561-1779
Toll-Free (800) 478-3763

joinus@alaskarealtors.com