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ON-LINE  PUBLICATIONS
Updated on July 29, 2008
January 2003
Volume 19, Number 4

Inside This Edition

Front Page Article
Legal Matters
Education & Products
Web Wise
Public Policy Forum
Land Use Forum
Inside the WRA

 

Education & Products

Upcoming Classes & Events

2001-2002 Continuing Education-Still Available!

The 2001-2002 Continuing Education is still available! You can also complete the 2001-2002 continuing education requirements by using either our Video-Internet version or the Self-Study Booklet/Internet version. Call and register today. 

Appraisal Conference - March 13-14, 2003
Attend the 2003 Appraisal Conference at the Ho Chunk Hotel and Casino in Baraboo (near Wisconsin Dells) on March 13-14, 2003. 

Want to be at the Top?
GRI Course 2 & 3
GRI Courses 2 & 3 will be offered Feb. 3-6, 2003 in Appleton. Mark your calendars.
Take advantage of the opportunity to take a step up, raise your level of earnings and take your success in real estate to the next level. The Wisconsin REALTORSŪ Association Graduate REALTORŪ Institute (GRI) program will provide you with the tools you need for an even more successful career. The coursework will teach you valuable and timely information about many aspects of the real estate business from marketing skills to building codes and technology. GRI Course 2 will cover Business Ethics, Buyer Agency, Environmental Issues, Multi-marketing Marketing, Selling to a Seniors Market, Personal Promotion and Personal Assistants and will include CRS 201 - Listing Strategies for the Residential Specialist. GRI Course 3 will cover Real Estate Investment, Exchanging, Legal Ethical and Regulatory Issues, Cultural Diversity, Introduction to International Real Estate and will include CRS 202 - Effective Buyer Sales Strategies. There are numerous scholarships available for the GRI courses. Register today!

To earn your GRI designation, you must complete three 4-day courses (GRI Course 1, 2, and 3) and pass an exam for each course. Wisconsin's GRI program also includes CRS courses, which means you are completing education requirements for your CRS designation at the same time as you are earning your GRI designation. GRI Course 2 contains CRS 201 and GRI Course 3 has CRS 202. Once you begin the GRI program, you have five years to complete the coursework. 

GRI Course 1-You Have Options!
Use your experience and save time by testing out of Course 1. You can take the online version of the GRI Course 1 Equivalency Exam. The cost is only $85. Go to www.wra.org, click on the Education tab, then click on Distance Learning, and then click on GRI Course 1 Equivalency. An online demo is available.

Is There a Broker's License in Your Future?
Video Course Now Available!

If you are interested in obtaining your broker's license, you must complete 36 hours of education. Areas of study include: contracts, marketing, trust accounts, business ethics, personnel, and more. 

A video course is now available, or you can attend one of our live courses scheduled for Jan. 20-23, 2003 at the Greater Milwaukee Association of REALTORSŪ in Milwaukee and April 7-10, 2003 at the WRA in Madison. 

Buyer Agency Course - Do It!
Get in on buyer agency and watch your career take off! This is turning into one of the WRA's most popular classes as Buyer Agency is becoming the way more and more buyers are choosing to do business. This two-day course covers agency, service delivery, marketing and promotion, and negotiation and risk management. The next course offerings are Jan. 14-15, 2003 in Brookfield and March 20-21, 2003 is Eau Claire, and April 3-4, 2003 in Appleton. Register now

Information Regarding New Requirements for the ABR Designation is Available on the WRA Web site. 

Complete Two ABR Electives in Two Days!
We will be offering two ABR Electives on February 5 and 6, 2003 in Appleton. Representing the E-buyer will be presented on the first day, and Innovative Marketing Techniques for Buyer's Reps will be presented on the second day. Registration

ABR Elective Course Requirement Reminder
Members who completed the ABR Designation course BEFORE January 1, 2002, but did not earn their designation by that date, are not required to take an elective course to earn their ABR designation. Members who completed the ABR Designation course AFTER January 1, 2002 must successfully complete an elective course to earn their ABR designation.

It Will be Smooth Sailing with Quickstart
New agents will want to attend the four-day QuickStart Program (offered in two parts as two-day sessions). Course contents include working with FSBO and expired listings, farming, advertising, technology tools, creating a business plan, time management, listing presentations, overcoming objections, working with buyers, closing techniques and more. 

Modules 3 and 4 will be offered Jan. 22-23, 2003 in Madison and modules 1 and 2 will be offered on Feb. 12-13, 2003 in Madison.

The fee is only $230; however, the WRA offers a new member discount of $40, making the cost of this course only $190. This is a fantastic price for four days of instruction for new agents.

Upon completion of the four modules, participants can take a GRI Course 1 Equivalency Exam and move directly into GRI Course 2 or 3. which is scheduled for Feb. 3-6, 2003 in Appleton.

Home Inspectors CE Now on Video.
Modules can be purchased individually or in multiples.

module 1 Standards, Ethics and Report Writing - 4 hours
module 1a Electrical - 4 hours
module 2 Exteriors - 8 hours
module 3 Plumbing, Heating & Air Conditioning - 8 hours
module 4 Interiors, Insulation, Ventilation, Fireplaces, Basements, Crawl Spaces - 8 hours
module 5 Structural Systems and Components - 8 hours

Included is the home inspector's "HomeBook," a professional reference book with more than 365 pages and more than 600 possible inspection items, detailed drawings and the "what to" and "how to" of repairs.

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  ZipForm Renewal Coming!

Beginning in February, ZipForm Desktop and ZipForm Online users will be prompted to renew the program for another year. The renewal process is a series of steps individuals must follow to reactivate the program. These steps will be published on the WRA's Web site in January and in the February issue of the Wisconsin RealtorŪ. Failure to renew by March 1 will prohibit access to the program including existing transactions. Access will continue to be denied until the renewal process is complete. 

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  WRA-Endorsed REGIT, Inc. Sponsors Low-Cost Dental Insurance Plan.

REGIT sponsors a low-cost dental insurance plan exclusively for real estate professionals and their eligible full-time employees that helps cover the cost of dental expenses for you and your family. The plan is underwritten by Ameritas Life Insurance Corp. 

The plan helps reduce the expense of periodic preventive and diagnostic procedures, like teeth cleaning and X-rays, as well as restorative expenses such as fillings and crowns. It even provides benefits for orthodontia for children as well as adults and, unlike many other dental plans, it lets you choose your own dentist.

Your premium cost for this dental insurance plan is truly affordable. As an individual, you can be covered by this plan for as little as $23.37 a month. Competitively priced family coverage is also available. Check out the affordable rates listed on the application form. Printable PDF file of application.

It's easy to enroll. If you're a real estate professional and an active member of the Wisconsin REALTORSŪ Association (working at least 30 hours per week), you're immediately eligible to enroll in this plan. No complicated enrollment process, no health questions to answer, no requirements that you enroll in any of the other insurance plans made available to you by REGIT.

All you need to do is fill out the application form, letting us know who you want covered, and mail it with your first premium payment to REGIT, Inc. Your coverage will be put into effect the first of the month after we receive your completed application form and first premium payment. You will receive a certificate of insurance that confirms your effective date of coverage and provides complete details about your plan.

If you need additional information about the plan, or if you need help completing your Application Form, please give us a call at (800) 537-9786. 

To Receive Information:

Phone: 800-537-9786 (service number WRAF) 
Fax: 630-495-1611
e-mail: www.REGITINC.com 
Mail: REGIT, Inc. 55 West 22nd Street, Suite 130 Lombard, IL 60148

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  Consumer Brochures Available

The WRA carries seven consumer brochures to help agents explain various real estate topics. Topics include lead paint, buyer agency, agency law, underground storage tanks, environmental issues, seller disclosure law, and the residential listing and offer to purchase. Spanish versions of the lead paint and listing/offer brochure are available also. To order, visit us online at www.wra.org/Products/Other/default.asp or call us in Madison at (608) 241-2047 or (800) 279-1972. 

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New Use-Value Assessment Disclosures Added to Condition Reports

by Kristi Mikalsen

Effective Jan. 1 2003, sellers of agricultural land are required to notify buyers of all the following: 

  • Land sold with the property has been assessed as agricultural land under Wis. Stat. sec. 70.32(2r) (use-value assessment)
  • Land sold with the property has been assessed a penalty under Wis. Stat. sec. 70.32(2) (use-value assessment)
  • Land sold with the property has been assessed a penalty under Wis. Stat. sec. 70.32(4) (use-value assessment) which has been deferred.

The ZipForm and hard copy versions of the WRA condition reports (residential, commercial, vacant land and farm) now include these disclosures and the following statement. 

Notice: Under Wisconsin's Use-Value Law, the assessed value of all agricultural land is based on its use-value rather than its fair market value. The use-value assessment system requires that the assessed value of agricultural land is based on the income that could be generated from its rental for agricultural use. When a person converts agricultural land to a non-agricultural use (e.g., residential, commercial, recreation, etc.), that person may owe a penalty. To obtain more information about the use-value law or penalty, please contact the Wisconsin Department of Revenue's Equalization Bureau at http://www.dor.state.wi.us/contact/slf.html or by phone at (608)264-8131.
For more information about the use-value changes, see our Use-Value Resource Page

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