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<br /> July, 2012<br /> Volume 12, Number 5<br /> ® RESOURCE<br /> ©2012<br /> Minnesota Association of REALTORS®<br /> Edina, MN 55436<br /> In This Issue...<br /> Minnesota’s Economy At-A-Glance ... 4<br /> 2012 MNAR Forms Revisions ........ 5<br /> Professionalism Q & A.................... 8<br /> Commercial Federal<br /> Legislative Update ....................... 10<br /> Code of Ethics Q & A .................. 13<br /> Legislative Update ....................... 14<br /> Statewide Housing Report ............ 16<br /> Appraisals in Declining and<br /> Recovering Markets ..................... 18<br /> Legal Hotline Q & A...................... 21<br /> Tech Tips: Personal Budgeting ...... 22<br /> Member Benefits Survey .............. 23<br /> Report from NAR Mid-Year Meeting<br /> Board of Directors ...................... 27<br /> Environmental Issues ................... 30<br /> Member Profile ............................ 34<br /> MNAR Co<a title="July12 page 1" href="http://viewer.zmags.com/publication/5be38aed?page=1"> July, 2012 Volume 12, Number 5</a> <a title="July12 page 2" href="http://viewer.zmags.com/publication/5be38aed?page=2"> In This Issue... Minnesota’s Economy At-A-Glance </a> <a title="July12 page 3" href="http://viewer.zmags.com/publication/5be38aed?page=3"> Letter from the President It is hard to belie</a> <a title="July12 page 4" href="http://viewer.zmags.com/publication/5be38aed?page=4"> Minnesota’s Economy At-A-Glance Christine</a> <a title="July12 page 5" href="http://viewer.zmags.com/publication/5be38aed?page=5"> 2012 MNAR Forms Revisions </a> <a title="July12 page 6" href="http://viewer.zmags.com/publication/5be38aed?page=6"> Residential Forms </a> <a title="July12 page 7" href="http://viewer.zmags.com/publication/5be38aed?page=7"> The Committee felt this warranty language was odd</a> <a title="July12 page 8" href="http://viewer.zmags.com/publication/5be38aed?page=8"> Professionalism Q & A Linda Modlinski </a> <a title="July12 page 9" href="http://viewer.zmags.com/publication/5be38aed?page=9"> Q I sold a property, it closed and my </a> <a title="July12 page 10" href="http://viewer.zmags.com/publication/5be38aed?page=10"> Below are issues that the National Association of</a> <a title="July12 page 11" href="http://viewer.zmags.com/publication/5be38aed?page=11"> Credit Union: Legislation to raise the artificial</a> <a title="July12 page 12" href="http://viewer.zmags.com/publication/5be38aed?page=12"> in default of their loan. This could force some f</a> <a title="July12 page 13" href="http://viewer.zmags.com/publication/5be38aed?page=13"> Code of Ethics Q & A Gregg Hartos Seni</a> <a title="July12 page 14" href="http://viewer.zmags.com/publication/5be38aed?page=14"> Paul Eger Vice President, Governmental Affairs pe</a> <a title="July12 page 15" href="http://viewer.zmags.com/publication/5be38aed?page=15"> What is MNAR Past President Rob Mehta recently c</a> <a title="July12 page 16" href="http://viewer.zmags.com/publication/5be38aed?page=16"> MN Housing Market Trends Towards Recove</a> <a title="July12 page 17" href="http://viewer.zmags.com/publication/5be38aed?page=17"> Pending sales and closed sales were also up state</a> <a title="July12 page 18" href="http://viewer.zmags.com/publication/5be38aed?page=18"> Appraisals in Declining and Recovering Markets</a> <a title="July12 page 19" href="http://viewer.zmags.com/publication/5be38aed?page=19"> support opinions about market trends. The Nationa</a> <a title="July12 page 20" href="http://viewer.zmags.com/publication/5be38aed?page=20"> presents Course Content: • Business </a> <a title="July12 page 21" href="http://viewer.zmags.com/publication/5be38aed?page=21"> Legal Hotline Q & A Brad Boyd MNAR Leg</a> <a title="July12 page 22" href="http://viewer.zmags.com/publication/5be38aed?page=22"> Thom Fox Director of Operations tfox@mnrealtor.co</a> <a title="July12 page 23" href="http://viewer.zmags.com/publication/5be38aed?page=23"> Member Benefits Survey! Help Needed! </a> <a title="July12 page 24" href="http://viewer.zmags.com/publication/5be38aed?page=24"> GET INVOLVED! MNAR is currently seeking applican</a> <a title="July12 page 25" href="http://viewer.zmags.com/publication/5be38aed?page=25"> Forms Committee — The objective of the MNAR Forms</a> <a title="July12 page 26" href="http://viewer.zmags.com/publication/5be38aed?page=26"> Don’t Be Lef n the  Dark! ft In Kee g Cu nt</a> <a title="July12 page 27" href="http://viewer.zmags.com/publication/5be38aed?page=27"> Report from the May 19th National Association of </a> <a title="July12 page 28" href="http://viewer.zmags.com/publication/5be38aed?page=28"> Julius Cartwright, president of NAREB and a membe</a> <a title="July12 page 29" href="http://viewer.zmags.com/publication/5be38aed?page=29"> different types of Internet content and prohibits</a> <a title="July12 page 30" href="http://viewer.zmags.com/publication/5be38aed?page=30"> Christine Berger Senior Director, Public Affairs </a> <a title="July12 page 31" href="http://viewer.zmags.com/publication/5be38aed?page=31"> The MNAR Seller’s Property Disclosure Statement i</a> <a title="July12 page 32" href="http://viewer.zmags.com/publication/5be38aed?page=32"> an agreement to sell or transfer real prope</a> <a title="July12 page 33" href="http://viewer.zmags.com/publication/5be38aed?page=33"> in meth manufacturing can cause short and long te</a> <a title="July12 page 34" href="http://viewer.zmags.com/publication/5be38aed?page=34"> Member Profile: Russ Port</a> <a title="July12 page 35" href="http://viewer.zmags.com/publication/5be38aed?page=35"> In the last year, what have you done to improve y</a> <a title="July12 page 36" href="http://viewer.zmags.com/publication/5be38aed?page=36"> Member Profile: Man Huynh, Edina Re</a> <a title="July12 page 37" href="http://viewer.zmags.com/publication/5be38aed?page=37"> Has your market improved or declined over the las</a> <a title="July12 page 38" href="http://viewer.zmags.com/publication/5be38aed?page=38"> MNAR COMMITTEE REPORTS Professional Standards Ac</a> <a title="July12 page 39" href="http://viewer.zmags.com/publication/5be38aed?page=39"> MNAR Committee for at least one of the previous t</a> <a title="July12 page 40" href="http://viewer.zmags.com/publication/5be38aed?page=40"> Board of MN-RPAC Trustees — The MN-RPAC Trustees</a> <a title="July12 page 41" href="http://viewer.zmags.com/publication/5be38aed?page=41"> 2012 REALTOR® of the Year MNAR is seeking candida</a> <a title="July12 page 42" href="http://viewer.zmags.com/publication/5be38aed?page=42"> MN-RPAC Update </a> <a title="July12 page 43" href="http://viewer.zmags.com/publication/5be38aed?page=43"> </a> <a title="July12 page 44" href="http://viewer.zmags.com/publication/5be38aed?page=44"> </a>