Important Dates:        


July 9         Foreclosure (ABR Elective Class )- 8 hours ce    Bob Sorey Instr.
                  8:30  -  5:00 pm    115.00

July 17        Orientation 9 til 4:30   Assn. Office

July 19        RPAC Diva’s Show - Leb. Country Club $15 6:00pm- see below for more information   

Aug 8          Professionalism Class    4 hrs ce   Randa Dawson   9-1     50.00

                         ( counts towards your NAR required Ethic class)

  
Aug 13        Marketing Tips for the Money Strapped REALTORS® 3 hrs. ce 9-12       

                  40.00   Dwight Richardson, Instructor

Aug 20        Code of Ethics Class   9 til 1    50.00   Smith Sholar, Instr.
                      (This is the required NAR Ethics class for every licensee by 12/31/08
                          there are still 450 members of EMTAR who have not completed this  NAR requirement)

Aug 21        Membership Meeting   11:15 Lebanon Country Club

Aug 28        THDA  4 hr. ce   9 to 1    Assn. Office   50.00   Debbie Reeves,Instr.


Sept 10       Code of Ethics class   4 hr. ce   9 to 1    Assn. Office   50.00   Bobby Wood, Instr.  

                     (This is the required NAR Ethics class for every licensee by 12/31/08
                          there are still 450 members of EMTAR who have not completed this  NAR requirement)

                  

New REALTORS®

Simeon Raine - The Realty Association

Transfer:

Melissa Dawoud - C21 Signature Properties

Brenda Poole - Keller Williams      MJ Office

Howard Riggan - Keller Williams   MJ Office

Brandi Tilton - Reliant Realty

Deletion:
Wanda Beardslee

Ronald Cope

Margaret Douglas

Aiken Gillespie

Brenda Pinter

Denise Taylor

We extend….

.....sympathy to Debbie Foust, Weichert REALTORS®, and her family on the death of her Mother, Mrs. Iva Cummings who died on July 4th.

.....sympathy to Harold and Beverly Sutton, Sutton Properties, and their family on the death of their daughter, Cindy, who fought a long and hard battle with cancer.

NAR Mandated Code of Ethics Class by 12/31/2008

http://www.realtor.org/mempolweb.nsf/pages/onlineethicstraining

Real Estate Legal Tip of the Week

ERRORS AND OMISSIONS INSURANCE - PART 2 OF A 4 PART SERIES

What is not covered by your policy?  For those real estate licensees who

carry the Errors and Omissions Insurance Policy offered through Continental

Casualty Company and administered by Rice Insurance Services Company, LLC

(RISC), the policy will generally not cover damages resulting from

professional services relating to property that (1) is developed or

constructed by, (2) more than 10% owned by, or (3) purchased or attempted to

be purchased by an Insured, the spouse of an Insured, or by any entity,

corporation, partnership, or trust in which the Insured or his/her spouse

owns or controls more than 10% financial interest.

Based upon this exclusion, a real estate licensee who sells a home

constructed by her husband will not have Errors and Omissions coverage with

regard to that particular property.  The exclusion will apply regardless of

whether the real estate licensee is acting as the seller's or the buyer's

agent in this scenario.

This policy contains other exclusions in addition to the ones listed above.

It is, therefore, recommended that you review your policy to educate

yourself as to what it does and does not cover.

Karen H. Lowe  ABR, GRI, SRES
Association Executive
Eastern Middle Association REALTORS®
2588 North Mount Juliet Road
Mount Juliet, TN    37122
615/758-9851     fax   773-1738
www.emtar.com
karen@karenlowe.com