<table width="507"><tbody><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #003399; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><b>Lawrence Yun Named NAR Chief Economist </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">The association's former chief forecaster is known as a level-headed, no-nonsense analyst who has helped navigate NAR through the high-profile market shifts over the last several months. &quot;Lawrence is a talented economist and an outstanding forecaster who has contributed greatly to NAR's growth and prestige as the leading advocate for the housing industry,&quot; NAR CEO Dale Stinton says in a <a id="LINK_10" title="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/3V0Y8/SN/h" href="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/3V0Y8/SN/h">statement.</a> </td></tr></tbody></table><p /><p><table width="507"><tbody><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #003399; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica,<br />
sans-serif"><b>Election Outlook Tops Legislative Forum </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">Hear current thinking on the 2008 national elections and get the scoop on the top issues of importance to REALTORS® in Congress. Guest speakers at the Legislative &amp; Political Forum at the 2007 Conference &amp; Expo, Wed., Nov. 14, 1-3 p.m., in Titian 2204-2206/2304-2306, Level 2, in the Venetian Hotel. Speakers are Neil Newhouse, partner and founder of national polling and research firm Public Opinion Strategies, and Dawn Laguens, founder and president of political consulting firm Laguens Hamburger Kully Klose. </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #003399; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>Subprime Mess Examined at Session </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">What's next for mortgage lending will be the focus of HUD Assistant Secretary of Housing/FHA Commissioner Brian Montgomery and Fannie Mae CEO Daniel Mudd at the Regulatory Issues Forum at the 2007 Conference &amp; Expo, Tues., Nov. 13, 3:30-5:00 p.m., in Titan 2203-2206/2303-2306, Level 2, at the Venetian Hotel. </td></tr><!– End of story –><!–<br />
Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #003399; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>Panel Looks at Regulatory Impact on Full-Service Brokerages </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">Learn how regulatory issues will affect your members' brokerage and affiliated businesses at the Real Estate Services Forum at the 2007 Conference &amp; Expo, Tues., Nov. 13, 11 a.m.-12:30 p.m., in Titian 2201AB-2202/2301AB-2302, Level 2, at the Venetian Hotel. Panelists are Erin Toll, director of the Colorado Division of Real Estate, Harley Rouda, Jr., CEO of Real Living, Phil Schulman, an attorney with K&amp;L Gates, and Mark Meyer, president of MLinc Solutions. </td></tr></td /></tr /></td /></tr /><!– End of story –><!– Section header –><tr><td class="sectionheader"><span style="FONT-WEIGHT: bold; FONT-SIZE: 13px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #cc0000; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica,<br />
sans-serif"><br />LEGAL </b /></span></td></tr><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #003399; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>Meth and Real Estate Professionals </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500"><p>Listen to real estate educator Karel Murray discuss this new problem area in Part I of a two-part <a id="LINK_21" title="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/LJ98F/SN/h" href="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/LJ98F/SN/h">podcast</a> from NAR Legal Affairs. </p><p /><p><table width="507"><tbody><tr><td class="sectionheader"><span style="FONT-WEIGHT: bold; FONT-SIZE: 13px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #cc0000; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif">NEW RESOURCES </b /></span></td></tr><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #003399; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>From NAR's Information Central </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500"><a id="LINK_22" title="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/MRS63/SN/h" href="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/MRS63/SN/h">Selling new homes</a><br /><a id="LINK_23" title="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/KSQGN/SN/h" href="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/KSQGN/SN/h">Green homes and green mortgages</a><br /><a id="LINK_24" title="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/LJ98P/SN/h" href="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/LJ98P/SN/h">New books: home staging, running a business, crucial conversations, and crucial confrontations</a><br /><a id="LINK_25" title="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/Z6GXA/SN/h" href="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/Z6GXA/SN/h">Direct mail</a> </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #003399; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>Xerox Promotion Benefits Members, Includes Bose Drawing </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">Members and association staff can lease any of the Xerox WorkCentre 7300 or 7600 multifunction products for creating professional-looking materials and receive 250 free color prints each month for the term of your lease under NAR's REALTOR Benefits® Program. The offer is good through Dec. 15. Also, order by that date for the chance to win a Bose Wave Music System and the 360 Degree Leader CD audiobook, a $520 value. Some restrictions apply. Call 800/ASK-XEROX, ext. 627, and mention NAR contract number 0706978 or go <a id="LINK_26" title="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/Y8BWA/SN/h" href="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/Y8BWA/SN/h">online.</a> Check the Web site for details on terms, conditions, and sweepstakes rules. </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #003399; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica,<br />
sans-serif"><br /><b>Dell Launches 'Double Your Discount' Promotion </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">For the month of November, NAR members can save 12 percent on Dell Precision Workstations, Latitude Notebooks, OptiPlex Desktops, PowerEdge Servers, and PowerVault Storage systems. Members can also save 10 percent on software and peripherals, including printers, monitors, digital cameras, handhelds, LCD TVs, projectors, and digital music players. Vostro Desktops and Notebooks are reduced 6 percent. When you're ready to purchase, call the Dell dedicated sales representative at 877/648-3355 or go <a id="LINK_27" title="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/8MZJI/SN/h" href="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/8MZJI/SN/h">online.</a> The NAR double discount, offered through NAR's REALTOR Benefits® Program, cannot be combined with other Dell discounts or promotions. </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #003399; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>NAR President's Podcast: Help Fire Victims </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">NAR President Pat V. Combs in her latest <a id="LINK_28" title="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/HEYTP/SN/h" href="http://go-to.realtor.org/r/HD8ZWF/ZB0CO/Q4L28/VLNB3/HEYTP/SN/h">podcast</a> urges everyone to help the many REALTORS® and their families who have lost homes in the California wildfires. NAR has donated $500,000 through the REALTORS® Relief Foundation. Combs says AEs and members can help by donating to the foundation online, through e-mail, or by regular mail.<br /></td></tr></tbody></table></p></td></tr></tbody></table></p>

<strong></strong>The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is releasing new standard forms this week. The November 2007 Forms Release is the second of two regularly scheduled releases published every year. Highlights of the November 2007 Forms Release are as follows:<br /><br /><strong>- Short Sale Addendum (SSA):</strong> This new form may be used to make a sales transaction contingent upon the seller's lender accepting a loan payoff of less than the balance owed. This form also addresses other important issues pertaining to short sales, such as whether the seller can present other offers to the lender and whether the buyer may cancel during the short sale process. This form may be attached as an addendum to the California Residential Purchase Agreement (RPA-CA) or other C.A.R. purchase agreements.<br /><br /><strong>- Notice of Transfer Fee (NTF):</strong> This new form may be used to comply with a new law, currently slated to take effect on January 1, 2008, that requires the disclosure of private transfer fees. This disclosure law will generally apply to, without limitation, private transfer fees for newer homes built by developers. Exceptions include transactions exempt from the Transfer Disclosure Statement (TDS) law, transfer fees imposed by governmental agencies, and transfer fees authorized by the Davis-Stirling Common Interest Development Act.<br /><br /><strong>- California Residential Purchase Agreement and Joint Escrow Instructions (RPA-CA):</strong> The existing RPA-CA has been revised to include a new sentence under &quot;Other Terms and Conditions&quot; which, if checked, requires the seller to complete the Seller Property Questionnaire. The Vacant Land Purchase Agreement and Joint Escrow Instructions (VLPA) form has been similarly revised.<br /><br /><strong>- Request for Repairs (RR):</strong> This existing form has been revised to give both the buyer and seller the option of proposing a monetary credit from the seller in lieu of repairs to the property. Also under the revised RR, an agreement between the parties as to the items for repair will now include the buyer's agreement to release the seller and agents from any claims regarding those disclosed items.<br /><br /><strong>- Seller Property Questionnaire (SPQ):</strong> The existing SPQ has been revised to include the questions set forth in the Supplemental Statutory and Contractual Disclosures (SSD) form. REALTORS® using the newly revised SPQ will no longer need to use the SSD. However, a seller who opts not to use the SPQ may still use the SSD to disclose certain statutory or contractual disclosures where applicable.<br /><br /><strong>- Water Heater and Smoke Detector Statement of Compliance (WHSD):</strong> This existing form has been revised to state that the water heater strapping requirement is unlikely to apply to tankless water heaters.<br /><br />For more information on the November 2007 Forms Release, including other revisions, go to <a title="http://www.car.org/index.php?id=Mzc3NzU" href="http://www.car.org/index.php?id=Mzc3NzU">http://www.car.org/index.php?id=Mzc3NzU</a>. C.A.R.'s standard forms are available at local boards and associations, through C.A.R.'s online store at <a title="http://store.car.org/" href="http://store.car.org/">store.car.org</a>, and through WINForms®.<a title="http://store.car.org/" href="http://store.car.org/"></a><a title="outbind://11-000000009CDDEF1B7B0DB14796CE0295DC171082E49D3700/store.car.org" href="http://blog.srcar.org/store.car.org"></a>