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ON-LINE  PUBLICATIONS
Updated on July 29, 2008
December 2003
Volume 20, Number 3

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

Winter Convention
January 19-21, 2004 - Lac du Flambeau

Dreading another long Wisconsin winter? Stay out of the doldrums of January by using your time for learning and business planning with a bit of skiing, snowmobiling and chili eating on the side.

Head North for the winter?

January is the time to warm up at the Lake of the Torches Resort and Convention Center in Lac du Flambeau for the Winter Convention on January 19-21, 2004.

For the first time, two designation classes will be offered at Winter Convention on January 19-20, 2004 - ABR and RRS (Recreation and Resort Specialist). If designation classes are not your choice, there are numerous other workshops, including "How to Become a Power Agent in Real Estate" and "Attitudes of a Top Producer" by Darryl Davis, "The Top 10 Skills that Today's Consumers Look for in an Agent" by Kim Daugherty, "Would You Like the Top Bunk or the Bottom Bunk? Preventing Jail Time from Square Footage Fraud" by Steve Tadevich, "1031 Tax Deferred Exchange" by Dave Sayas, "ABCs of Marketing to Generation XYZ" by Gee Dunsten, "The Ultimate Listing Presentation using Technology" by Jim Casey, plus many, many more.

Date Change: The CRS Lunch has been move to January 21, 2004

Do you want to become a Recreation and Resort Specialist?
January 19-20, 2004 - Lac du Flambeau

Get the scoop on powerfully effective techniques for selling and managing recreation and resort properties and earn your RRS certification. The Recreation and Resort Specialist (RRS) certification speaks specifically and powerfully to the unique needs and practices of recreation and resort property sales and management. Gain the confidence and knowledge that will allow you to meet the marketing needs of your clients while increasing your own market share. This certification also admits you to a nationwide network of peer professionals and opens up a world of increased referral opportunities. It will be held January 19-20, 2004 at Lake of the Torches, Lac du Flambeau in conjunction with the WRA Winter Convention.

ABR - Watch Your Career Take Off!
January 19-20, 2004 - Lac du Flambeau
February 4-5, 2004 - Brookfield

Become a leader in the real estate buyer representation market today! Start your Accredited Buyer Representative (ABR) designation by attending a class on January 19-20, 2004 at Winter Convention in Lac du Flambeau or on February 4-5, 2004 in Brookfield. This two-day course covers agency, service delivery, marketing and promotion, and negotiation and risk management.

ABR Elective Courses
February 11, 2004 - Brookfield

Do you need an elective course to complete your ABR designation?

On February 11, 2004, we will offer "negotiation Skills" - a new buyer agency elective - in Brookfield. Instructor Terry Watson will present an overview of negotiations, positional bargaining and interest-based negotiating, value negotiating, negotiating skills, and evaluating negotiated agreements.

 

For New Recruits! Sales Prelicense Course - Madison
January 5-8; 12-15, 2004 - Madison
March 1-4; 8-11, 2004 - Madison

This program is also available through self-study video or a self-study Internet program.

To obtain a real estate license in the state of Wisconsin, you must complete 72 hours of approved education courses such as our sales and prelicensing course.

Next, you must pass a state-administered exam. The WRA is offering an eight-day accelerated 72-hour sales program on January 5-8; 12-15, 2004 or March 1-4; 8-11, 2004, both at the WRA in Madison. The WRA is offering an eight-day accelerated 72-hour sales program on January 5-8; 12-15, 2004 at the WRA in Madison.

Brokers can purchase a $50 discount coupon for only $10. Give your new recruit a $50 discount on the registration fee. Call 1-800-279-1972 to register!
 

Is There a Broker's License in Your Future?
January 6-9, 2004 - Milwaukee
April 12-15, 2004 - Madison

This course also available through self-study distance learning options: video or Internet!

If you are interested in obtaining your broker's license, you must complete 36 hours of education. Areas of study include: fair housing real estate practice, trust accounts, approved forms, conduct and ethical practices, and more. The next live course is scheduled for January 6-9, 2004 in Milwaukee and April 12-15, 2004 in Madison. Completion of this education, passing the exam and applying for the broker license fulfills the 2003-2004 continuing education.

Continuing Education

2001-2002 CE is 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!

2003-2004 CE on video!
Complete your CE when you have the time by ordering the courses on video. Just take the the exam online when you are done taking the courses.
 

2003-2004 CE - Viva Las Vegas!
March 15-16, 2004

Do you still have to complete your 2003-2004 Continuing Education? Join us for a working vacation in Las Vegas on March 15-16, 2004, where you can earn your required CE while having a blast!

Study hard during the day, and at night you and your classmates will have the chance to get out on the town and maybe even win some $$! Classes will be held at the Stardust Resort & Casino. Room Rates are $72 Sunday-Thursday and $100 Friday-Saturday.

Appraisal CE in Vegas
March 15-16, 2004

Out-of-state real estate CE trips have been such a success that the WRA is now offering appraisal CE in Las Vegas for the first time! 2004-2005 Appraisal continuing education will be held March 15-16, 2004 at the Stardust Resort & Casino. You can earn up to 12 hours continuing education credits. Room rates are $72 Sunday-Thursday and $100 Friday-Saturday.

GRI Course 1 - You Have Options! 

  • Pass the online version of the GRI Course 1 Equivalency Exam. Register for the exam and you can complete it on the Internet. Cost is $85

  • Register for the GRI Course 1 Equivalency Exam at your local Board/Association - cost: $85

  • Complete the 4 days of Quickstart and pass exam

  • Complete an approved company training program and pass exam

GRI Course 2 and GRI Course 3 will be held February 17-20, 2004 at Ho Chunk Hotel, Baraboo, Wisconsin.

Sign Up for Appraisal CE now before the classes are full!

The Wisconsin Department of Regulation and Licensing requires appraisers to complete 28 hours of Continuing Education every two years. The WRA still has opportunities for appraisers to complete their CE requirements before the end of the biennium. "How to Analyze and Value Commercial Real Estate" will be offered in Madison on December 8, 2003 and in Brookfield on December 11, 2003. "USPAP Update" will be offered in Wisconsin Dells on December 9, 2003 and in Appleton on December 10, 2003. These courses are approved for Wisconsin Appraiser and Assessor CE credits, Michigan Appraiser credits and Minnesota Appraiser CE credits.

Appraisal Prelicense Education

The WRA will be offering the education required to become a licensed appraiser in the state of Wisconsin. It is also the initial education requirement to qualify for the other appraiser categories. Licensed Appraisers may appraise one-to-four residential units having a transaction value of less than $1 million and commercial properties with a transaction value of up to $250,000. Required education: At least 90 hours of approved courses, including at least 15 hours of professional standards and ethics (USPAP) instruction and at least 20 hours of instruction regarding the income approach as used in commercial appraisals. In addition, you must have at least 500 hours of appraisal experience, including not more than 25 percent commercial appraisal experience. All claimed experience must be in writing and on file. You must then pass the state examination. The class will be held in Madison on February 9-12; 16-19; 23-26, 2004. The 15-hour USPAP course will be held February 25-26, 2004.

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  2004 Management Conference

It's Not too Late to Register!

The Management Conference is scheduled for December 11, 2003 at the Country Inn Hotel, Pewaukee. Join us to hear dynamic and outstanding speakers, including:

  • "Evolving Industry Dynamics: Trends, Technology & Issues Driving Change in the Real Estate Industry" by Bob Molest & CEO of Cendant Real Estate Franchise Group
  • "Next Generation Real Estate- The Second Wave" and "Killer Marketing Applications in Technology" by Lennox Scott, Chairman & CEO of John L. Scott Real Estate
  • "Moving to a Consumer-Focused Real Estate Firm" and "Building Value in Your Firm" by Steve Murray, Real Trends
  • "Defending your System from Internet Threats" and "The Paperless Office in Five Simple Steps" by Stephen Canale
  • "Risk Assessment in your Office" by Rick Staff, WRA General Counsel
  • "IP Telephony and the Future of Telecommunications" by Gregg Larsen, President of Clareity Consulting
  • "Combating the Discounters" by Scott Monagham, Vice President and General Sales Manager of Weidel REALTORS®

Win a Set of Golf Clubs!
A set of golf clubs with putter and bag will be given away at the closing session. You must be present to win.

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  Bam! WRA Member Retirement Plan, PRoFIT breaks $3 Million Mark!

The Wisconsin REALTORS Association Member Retirement Program (PRoFIT) has broken the $3 million ceiling. Even though the investment market has had mixed results in the last couple years, the PRoFIT program is now showing strong growth for its participants.
This program was developed in 1988 in conjunction with M& I Trust, which is the administrator of the 31 mutual funds selections. This is an IRS-approved KEOGH Plan designed especially for independent contractors. This plan allows an independent contractor REALTORS to shelter up to 20 percent or up to $40,000 of their adjusted (commission) earnings, tax deferred as long as the assets remain in the program and they belong to the WRA.

The WRA PRoFIT program has no vesting period and no minimum time participation - you start earning on your investment right away. Consult your accountant to determine how much you can contribute or contact an M & I Trust financial planner at 608-231-5589. You can access your account online 24 hours a day, seven days a week via the Internet.
Don't be left out by not planning for your future retirement. To join you need only a minimum contribution of $100 plus a $75 administrative fee ... and you are on your way!
Contributions can be taken directly from each commission check through your broker or you can choose to make your own contributions.

Call Debbie Thacker in Member Benefits at 1-800-279-1972 to receive an application or download one from our Web site at www.wra.org.

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  The "Tiger" (REGIT, Inc.) is working for YOU!

Overwhelmed by the search for health insurance? Take advantage of one of your most valuable member benefits - the services of REGIT, the endorsed provider of health insurance for WRA. REGIT's licensed professionals will quote up to six companies and help you determine which is best for you. To obtain more info, go to www.REGITINC.com/aspwra or call Lorraine Allen at (800) 537-9786.

Dental Coverage for Less than $1 Per Day

Finding a dental plan for individuals is difficult - but it is available to you as a benefit of your membership in WRA. For less than $1 per day, you can offset the cost of a wide range of dental procedures. To obtain more information on the dental and health plans available through REGIT, go to www.REGITINC.com/aspwra or call Lorraine Allen at (800) 537-9786.

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  Designation Week - Earn one of three designations, all in one location!

February 17-20, 2004 • Ho-Chunk Casino, Hotel and Convention Center, Baraboo
When you become a REALTOR, you agree to provide the best possible service you can for your customers and clients. Part of this process involves staying educated about current changes in the real estate industry. The following designations are all highly respected and will signal to your clients that you are willing to go the extra mile to provide them the most knowledgeable service possible.

Graduate REALTORS Institute (GRI)

The GRI designation acknowledges REALTORS who have completed a comprehensive program that provides practical real estate training. 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. To earn a GRI designation, you must complete three four-day courses (GRI 1, 2 and 3) and pass an exam on each course. The WRA's GRI program has the added benefit of including CRS courses as part of the content of the GRI courses. This means that while you are working on your GRI designation, you are also completing coursework for the Certified Residential Specialist (CRS) designation.
GRI Courses 2 and 3 will be offered at Designation week. You may be able to "test out" of GRI Course 1 by taking an equivalency exam, attending the WRA's Quickstart program, or your firm's approved training program may be GRI Course 1 certified. Contact your local board or the Education Department (608-241-2047 or 800-279-1972) of