Wells Fargo No Longer Accepts Reverse Mortgages

This is an interesting article from the Wall Street Journal about why Wells Fargo isn’t doing reverse mortgage loans anymore. Regulations on the bank limit their ability to get information they need to make decisions, so they ended the program. Other lenders are still lending, but this will be something to watch.

Wall Street Journal Article

Take the EPro Class in Franklin TN

We are going to have a great day learning the update EPro material in Franklin TN at the Williamson County Association of Realtors. Have you been wanting to understand social media and how it works with your business? This is the class for you! We will talk about the theory with social networking, branding yourself, and the ethics and law that goes along with it.  Also, do you know what your online reputation is? We will discuss it.

Visit the Williamson County Association of Realtors to sign up for the class. Day 2 is separate and completely online. We are meeting on April 18, 2011.

Are you a Provider of services to Mature Adults?

If you specialize in helping Seniors with their needs – moving, healthcare, legal, homecare, stuff management – check out www.moveseniors.com. They have an easy to access website. The National Association of Realtors Senior Real Estate Specialist network has teamed up with them. I don’t see too many agents signed up in Tennessee. Let’s get the word out to the SRES Designees.  Sign up and let’s provide some great options for elders in our community.

Senior Real Estate Specialist Applications

I had a wonderful time teaching the Senior Real Estate Designation to a group in Franklin Tennessee last week at the Williamson County Association of Realtors. Whenever I teach that class, I am reminded, and the students are learning, that there is much more to know than we realize. Our current political climate has many things changing and we learned that we need to pay even more attention. The Estate Tax situation is one of the elements of the Tax Codes that has its sunset at the end of 2010. During 2010 the stepped up basis for heirs has been removed, and so has the Estate Tax, but in 2011, the stepped up basis returns and so does the Estate Tax. Back to the pre 2001 limit of $1 million exemption. Please check with your CPA to see how this may affect you.  (Post Note:  There is some need to clarify this stepped up basis for 2010 – make sure you check with a tax atty if this applies to you)

New and Updated ABR Class

I have been taking the Real Estate Buyer’s Agent Council recertification class today for the Accredited Buyers Representative class. The new class is a good redo of the materials. It is helpful for instructors to teach in different states. The agency laws change from state to state and even when they are similar, they are called something different. This is a good change. It also includes the same great material for all agents who work for Buyer’s. Ready to go out and help some agents better serve their clients!

Effective Negotiating begins with Education

And is perfected (if there is such a thing as a perfect negotiator) in daily life. Negotiating skills are only improved with use. I try to use them every day. With my kids, the salespeople at the store (1 for 2 today) and for my clients. We had a great class in Murfreesboro with the Middle TN Association of Realtors on the 20th. Thanks to Debbie Mann and the Women’s Council of Realtors in Murfreesboro for sponsoring the class.

Blogging, Tweeting and Facebook

Making progress in the techie world! Just do it! Then do it better. That is my philosophy for many things. Get started with web sites. Get started with facebook. Get started with what you want to do and where you want to go. Then do it better the next time. Since I am learning more about WordPress today – I expect my blog to get better and better.

Have a great day!!