Wednesday, October 13, 2010

New Listings
Click on the "New Listings" button to see agent view profiles of today's new listings.
MLS# 1608037 - 5813 Indian Trace, Madison - 3 bed/2 bath - $239,713 - Janet Johnson
MLS# 1608033 - 10 Glen Brook Way #201, Fitchburg - 2 bed/2 bath - $274,900 - Kerri Campbell

New Accepted Offers
No new accepted offers today.

Upcoming RASCW Events
Join us for the 1st Sustainable Showcase on Saturday, October 23rd 10:00 a.m. – 4:00 p.m.
This one day Open House event across the Madison area will open up for tour Greenbuilt Certified homes as well as projects that have participated in Home Performance with Energy Star. The Showcase will contain a mix of new, remodeled and existing homes that were built with the Green Built Home certification. Properties will highlight many different “green” principals and products including renewable energy, energy efficient construction, water conservation and more throughout Dane County.

Tickets are $10 each and available at Home Savings Bank locations throughout Madison and Dane County or can be purchased the day of the event.

For more information, visit www.sustainableshowcase.org.

Sign Your Team Up for the 2nd Annual Chili Challenge on Saturday, October 23rd
The competition is getting hot! The Chili Challenge is being held at Quaker Steak and Lube, 2259 Deming Way in Middleton. Cooking starts at 9:00 a.m. and judging begins at 12:00 noon. Team registration is $20.

If you’re not a cook, then come sample the chili and vote for your favorite. People’s Choice sampling begins at 12:30 p.m. Tickets are $5 and available at the RASCW office or At-the-Door.

RASCW 2010 Chili Challenge Flyer

The Ghoulish Gallop Needs You on Saturday, October 30th
Remember the Home Run, which has been raising funds for the RASCW Housing Foundation for the last 15 years? Well, this year we’ve decided to re-flag it as a Halloween run and rename it the Ghoulish Gallop. It’s going to be even more fun than in past years, and here is how you can get involved:

1. Participate! There is something for everybody: 5K and 10K runs, a 5K walk, and free kids' races. There will also be door prizes, costume contests and ghoulish food (but NOT goulash!). Entry fees support the RASCW Housing Foundation, which provides down payment assistance to low income families in our service area. This program helps our clients, although we may not even be aware they are being assisted. Sign up at www.active.com, www.ghoulishgallop.com, or at McKee Farms Park on the morning of the event.

2. Volunteer! If you'd like to get involved but aren't interested in running or walking, we still could use a few race day volunteers. Please email Rachael See at seer@firstweber.com to sign up as a volunteer. Volunteers are also encouraged to dress in costume!

3. Recruit! Get your friends involved as participants or volunteers. While this is put on by your Association, it is definitely not just for Realtors®. The more the merrier – spread the word!

4. Donate! If you can’t participate or volunteer, we’d still be happy to take your money. If you have a business that would like to donate an item or service suitable for a door prize, then donate that and we’ll give you credit and help get your business name out there.

If you would like more information, please see www.ghoulishgallop.com or contact info@ghoulishgallop.com.

WRA Legal Hot Tip
Q. Re: the new commercial lien law found in Wis. Stat. § 779.32 and whether its provisions apply to active listing contracts that were entered into before the changes to the lien law went into effect. If these contracts are subject to the new lien law, how can compliance with the notice requirement of § 779.32(2m) be achieved given that notification must be provided in the listing contract (which would have been entered into before this became a requirement)?

A. The new legislation did not address the transition period. In order to establish the agency contract notice requirement, the broker arguably can try to amend the listing contract to insert the proper notice language if they would like the ability to preserve the lien. The required notice states, “NOTICE: A broker has the authority under section 779.32 of the Wisconsin Statutes to file a broker lien for com¬missions or compensation earned but not paid when due against the commercial real estate, or the inter¬est in the commercial real estate, that is the subject of this agreement.” Obviously the party may decline to amend the listing contract and then the new procedures would appear to not be available.