North Florida Forecaster - Lake City Board of REALTORS

North Florida Forecaster
Volume XXVII, Issue 7 - A publication of the Lake City Board of REALTORS®
July 2015
RESPA / TILA
Top Producers
A group of 47 Realtors listen attentively as
Patti Moser explains the new RESPA / TILA
rules and how it will affect the FR/BAR sales
and purchase contract. Attorney Brent Baris
assisted with the presentation.
Top producers from Amelia Island, Flagler
Beach, Gainesville, Jacksonville, Lake City
and St. Augustine reveal the secrets of their
success at the annual District One meeting in
Gainesville on June 25th. The all day event
drew a crowd of around 200. Missy Zecher
represented our Association.
Thank you to Patti and Brent for donating their
valuable time. Thanks to Jennifer Lowe and
Florida Credit Union for providing lunch.
The Department of Business and Professional
Regulation has introduced a new and
convenient online licensing feature for
licensed real estate professionals. You can
now self-print your license directly from your
email or DBPR account once it has been
issued. If you have more than one email
address, please verify your online email
account before printing the license.
INSIDE THIS ISSUE
2
May SFR site built sales report
3
Calendar of events
3
TILA/RESPA act may be postponed
3
July birthdays
4
New members
No more paper license
Rather than waiting seven to 10 days for your
license to arrive by mail, you can now access
and print your newly issued or renewed
license when it’s most convenient for you.
You will no longer receive your license by
mail.
Visit our website at: www.northfloridarealtors.com
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CALENDAR OF EVENTS
TILA-RESPA INTEGRATED DISCLOSURE
RULE SEMINAR (STREAMING CLASS, NOT LIVE)
THURSDAY, JULY 9, 2015 1:00-2:30 PM
LOCATION: LCBR/NFMLS BOARD OFFICE
OUR WORLD CHANGES AUGUST 1, 2015
GET READY AND BE PREPARED
A COMPLIMENTARY MEMBER BENEFIT SEMINAR!!!
REGISTER: WENDY@NFLMLS.COM
FLORIDA REALTORS CONVENTION AND TRADE
SHOW
AUGUST 19 – 23 ROSEN SHINGLE CREEK RESORT,
ORLANDO
REGISTER AT WWW .FLORIDAREALTORS.ORG
July birthdays
July
July
July
July
July
July
July
July
July
July
July
2
7
7
8
14
16
19
21
24
25
26
Kellie Shirah
Arlis Atkinson
Matt Marable
Shirley Hitson
Deborah Myles
Betsy Tyler
Laura Land
Derrick Tuell
Jeff Taylor
Tim Williams
David Reaves
Poole
Atkinson Re
Poole
NFHomeland
Darby
Hallmark
Land
Elite Appr
Taylor
Seber
ReMax
HABITAT WORK DAY
REALTORS® Billy Golightly, Teresa Spradley, Kelly
Shirah and Darrell Hunt take a break from working on
the Habitat for Humanity house on Monroe St.
TILA/RESPA act may be
postponed to Oct 1
The Consumer Financial Protection Bureau is
proposing a delay to new mortgage disclosure
rules, pushing back the start date to Sat., Oct. 3.
The original deadline for the new Truth in
Lending Act and Real Estate Settlement
Procedures Act Integrated Disclosure regulation
was Aug. 1. The proposed date change still must
undergo public comment before July 7. The new
implementation date will not become official until
the final rule is issued by the CFPB
Learn more: Don't Get Thrown by Doc
Overhaul
The new "Know Before You Owe" mortgage
disclosure rules aim to streamline the disclosure
process for home buyers during closing by
merging the Truth in Lending Act and the Real
Estate Settlement Procedures Act into one form.
"The bureau believes that scheduling the effective
date on a Saturday may allow for smoother
implementation by affording industry time over
the weekend to launch new system configurations
and to test systems," the CFPB wrote in the
proposed rule that details the new deadline.
"A Saturday launch is also consistent with
existing industry plans tied to the Saturday,
August 1, effective date."
The CFPB also states in the proposal: "In recent
weeks, the bureau has learned that delays in the
delivery of system updates have left creditors and
others with limited time to fully test all of their
systems and system components to ensure that
each system works with the others in an effective
manner. These delays pose risks to the smooth
implementation of the new forms mandated under
the TILA-RESPA Final Rule."
Nearly 300 U.S. Senators and
Representatives expressed concern to the
CFPB late last month about the original planned
Aug. 1 start date for the new process during the
summer's peak home buying season. The National
Association of REALTORS® has also backed an
extension to the new rules to avoid any disruption
during the housing market's busiest time of year.
(Courtesy of NAR)
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Welcome new members
2015 OFFICERS
PRESIDENT: Pam Beauchamp
PRESIDENT ELECT: Robin Schwartz
MLS PRESIDENT: Missy Zecher
Please welcome new members who joined the LCBR
in June.
REALTORS
The Lake City Board of Realtors Inc.
326 NW Houseman Ct., Lake City FL 32055
Phone 386-755-3966 Fax 386-752-8160
Executive Vice President: Dan Gherna
Email: dan@nflmls.com
MLS Coordinator: Wendy Williams
Email: wendy@nflmls.com
Kevin Brown
Saucer Realty & Capital
Vanessa George
Stan Batten Real Estate
Christopher Mirra
Christopher Mirra Appr.
Ron Turbeville
A Bar Sales
Danny Thomas
All of Florida RE Svc.
MLS
Joseph Sutton
WSSMC Advisors
AFFILIATE
Brent E. Baris, PA
www.barislaw.com
LAKE CITY BOARD OF REALTORS
326 NW HOUSEMAN CT
LAKE CITY FL 32055
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Real Estate Attorney
Lake City