Welcome to the NEW Daily Update!

Over the past few weeks, we've worked hard to assemble a fully integrated, user friendly source for agent and company information.  And today, we're finally rolling it out.

Throughout this process, we've embraced all things Google.  Google is more than just an awesome search engine and simple, easy to use email.  Google's services also includes web-based document hosting and creation, calendars, this blogging service - and more!

We want the Daily Update to once again be a destination for agent and company information, training events and more.  So what does this mean for you?

• Embedded, live update training and events calendar via Google Calendar.  Click on an event to view details.  Google Calendars also gives us the ability to send event invitations - and for you to RSVP.
• Embedded, live update phone list via Google Spreadsheet.  Click the "phone list" link on the right side of the page to view and print the most recent phone list. 
• Link to new listings.  When you click on the link located on the right side of the page, you will see the agent view profile sheets via MLS for today's new listings.
• Pages for available open houses, rentals needed and Waterstone Referrals.

Our aim for the main page is to provide you with useful professional information.  You've expressed a desire to see WRA Legal Hot Tips, WRA and KW education programs, market trends and more.  You've got it!

As always, we ask for your continuing input to make the Daily Update more useful.  If you know of content that your colleagues are missing out on, please email it to frontdesk316@kw.com. 


Want to go Google?
Watch the Daily Update and the Training Calendar for upcoming classes on utilizing Google for your business.


WRA Legal Hot Tip
Today's Legal Hot Tip relates to Denny Krueger's presentation on home inspections at yesterday's team meeting.

Q. Due to recent rain and evidence of water leaking into the basement the buyer no longer wants to purchase the property. All contingencies have already been met. A Cancellation Agreement and Mutual Release (CAMR) has been delivered offering the seller $2,000 or earnest money. The listing agent doesn't know if the seller will sign or not. In the meantime, does the agent need to draft a notice to explain why the buyer wants out as it has been verbally discussed?

A. When a licensee becomes aware of a material adverse fact, the licensee is practicing competently by making timely written disclosure. Presuming the water incursion occurred after the offer was accepted, the broker would need to disclose any change in the property condition that was a material adverse fact, suggest that the parties review the terms and conditions of the offer, and refer them to private legal counsel for any legal questions they might have concerning the contract and their legal rights.

The WB-11 Residential Offer to Purchase, at lines 115-123, provides that the seller will maintain the property in substantially the same condition that it was in on the date of the offer to purchase. If the there is property damage between the acceptance date and closing, the seller is obligated to repair the damage unless the cost of the repairs exceeds 5% of the sale price.

The buyer may prepare a CAMR for the seller’s consideration. However, until such time as the seller investigates the condition of the basement and the potential cost to repair, the seller may want to wait until he or she has all relevant information before agreeing to any CAMR. Although the buyer wants to be released from the transaction, the seller has the opportunity to repair the property if the damage is less than the 5% and proceed with the transaction.


Real Estate Continuing Education
With the start of the 2009-2010 biennium, all licensees must complete six Department of Regulation and Licensing (DRL)-approved courses for a total of 18 hours before December 14, 2010. There are four mandatory courses and a list of DRL-approved electives. Licensees must complete the four mandatory courses and two electives from the DRL-approved electives list.

Find live classes in the area.

Mandatory Courses (All licensees must take courses 1-4)
Course 1 - Listing Contracts
Course 2 - Offer to Purchase
Course 3 - New Developments
Course 4 - Buyer Agency Agreements

Elective Topics (Licensees must take two of the following)
Elective A - Risk Reduction
Elective B - 1031 Exchanges and Exchange Opportunities
Elective C - Condominiums
Elective D - Landlord/Tenant and Property Management
Elective E - Financing the Sale
Elective F - Broker Supervision