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NTYPN Anything But White Party 2016

A Sense of Community: NTYPN Fosters Valuable Connections for its Members

During the summer of 2012, Vanessa Harrell attended the North Texas chapter of Young Professionals Network’s (YPN) annual Catamaran Cruise. Like other participating members, Harrell looked forward to networking with like-minded individuals while sipping on refreshing drinks, snacking on tasty hors d’oeuvres, and savoring the breeze swirling through the boat on an otherwise hot Texas day. Since the title company she worked for was a Strategic Partner, she thought attending the event would be beneficial for her career. However, she wasn’t expecting to make a connection that would forever impact her life.

“The best part of being a YPN member is that I met my husband at the very first YPN event I attended in 2012,” she recalled. “We got married in April of 2016.”

While Harrell’s fairytale story is unusual, it lends a credible tale to the impact North Texas’ YPN has had on its members since its beginning in 2009. Making meaningful connections is the core of what attracts more than 870 REALTORS® to the organization.

“NTYPN is really a great way to get connected to other REALTOR® members of CCAR. By becoming connected with other members, this opens up learning opportunities, as well as referral opportunities, in the real estate space,” said Brandon Eichten, Chair of NTYPN and Vice President of Operations for ERA StarCrest Realty.

Brandon Eichten-300057 small

“By getting connected within CCAR, the YPN member has the unique opportunity to learn about specific resources inside of CCAR available to each member.”

—Brandon Eichten, Chair of NTYPN


This year, Eichten said the organization has four main goals: Connect on a deeper level, bring charity to the forefront, increase membership, and raise $7,000 for TREPAC. “One of the goals is to connect on a deeper level, meaning we have one-on-one time with fellow Strategic Partners and REALTORS® in order to establish a deeper connection by learning how we can partner together to bring more transactions to one another, as well as learn how to impact the real estate community.”

According to Eichten, these connections are the best part of being a YPN member. Christa Fulton agrees. “The best part of being involved with NTYPN is the relationships that this fun, dynamic group builds,” she said. Fulton, CCAR Director of Events, has served as the Staff Liaison for the organization for the past four years and is responsible for the planning and administration of NTYPN meetings and events.

“By getting connected within CCAR, the YPN member has the unique opportunity to learn about specific resources inside of CCAR available to each member,” said Eichten, who joined YPN in January of 2016 as the Communication Director.

“While YPN is overseen by the National Association of REALTORS®, it was Nick Kline, our current CCAR President, who helped establish our chapter,” Fulton said. “Nick felt there was a strong need in North Texas for young professionals in the real estate industry to be able to connect with each other and tap into valuable resources needed to help them succeed in their business.”

As they gain success, members of YPN are able to give back to the communities they serve.

“We’ve had lots of events, but most have a charity component tacked on in some way,” said Harrell, a Sales Executive for Chicago Title DFW who is serving her third year on the Advisory Council and her second year as Vice Chair. “For example, last fall we had an event at a brewery. It was a fun networking event, but we asked everyone attending to bring items of clothing for the Children’s Advocacy Center of Collin County.”

This year, Harrell said the organization is seeking more volunteering opportunities. There are plans in the works to sponsor a backpack drive in preparation for the upcoming school year. “As far as mentoring opportunities, our hope is that we are creating an environment, whether it’s a social or education event, where a new REALTOR® has the opportunity to meet other REALTORS® they might not have had the chance to network with. From there, they can build on that relationship and pursue mentoring opportunities.”

For more information, visit NTYPN or contact Christa Fulton at christa@ccar.net.


How Rising Interest Rates Will Impact Buyers and REALTORS® in 2017

By Joe W. Boggs, member of CCAR Realtor®/Lender Committee

Mortgage interest rates have increased over .5 percent since the election and are expected to increase another .5 percent in 2017. With a $300,000 loan amount, that 1 percent increases the principal and interest approximately $178 monthly, amortized for 30 years. Considering the average sales price in Collin County is now above $300,000, what impact will this have on buyers and REALTORS®for 2017?

According to the theory of “economies of scale,” this could impact people either marginally or significantly. Affluent buyers will likely remain unscathed. However, buyers who are looking to upgrade could be discouraged from upsizing for fear of relinquishing their current low interest rate. Upsizing becomes less attractive when the prospective payment will increase due to both a higher loan amount and a higher interest rate than one’s current mortgage.

Last year we noticed an increase in the prospective move-up buyers sitting tight and deciding to take cash out to renovate their current homes. The additional expected .5 percent rate increase could now make it more advantageous for this group to move forward with upsizing, since the interest rate for cash out financing is higher than the rate for a purchase money loan.

The first time home buyer will be the segment most impacted. This is not just due to higher interest rates, but also the shortage of moderately priced homes, increased property taxes, and increased homeowners insurance.

Just last year a first time home buyer could enter the market by purchasing a $250,000 home with an interest rate of about 3.75 percent. The monthly PITI equated to roughly $1,775, excluding any required mortgage insurance. That same first time home buyer is now looking at a sales price of $300,000. With the increased sales price, interest rate, property taxes, and homeowners insurance, the PITI will now be pushing $2,285, excluding any required mortgage insurance.

No doubt first time home buyers are looking at over $500 per month higher house payments to enter the market this year compared to last. The good news for REALTORS® is that rents have increased along that same pace. All things relative, it still makes financial sense to purchase. It’s just a bigger pill to swallow and time will tell if first time home buyers will find this significant increase palatable.

REALTORS® working with buyers should consult with their buyers’ lenders to ensure the lenders are using up to date interest rates for their Conditional Qualification, have explained to the buyers the current volatility of interest rates, and have discussed thoroughly how property taxes have and will likely increase again. It does our community an injustice to put folks in a home that they won’t be able to afford later if interest rates, property taxes, and homeowners insurance continue to rise.

When listing agents receive an offer, they should contact the lender providing the buyer’s financing and confirm the lender is using current market rates for the buyer’s Conditional Qualification. We’d hate to see a rate increase disqualify the buyer after the offer is accepted.

For questions about this article or other lender topics, please contact your REALTORS®/Lender Committee at realtorlender@ccar.net.


Annual “For the Love” Event Offers Glimpse into CCAR Committees

As a token of appreciation, CCAR is hosting its annual “For the LOVE of Our CCAR Members” event on Tuesday, Feb. 7. While complimentary appetizers, drinks, and gift card drawings will be available, the event provides members with an opportunity to meet representatives from various CCAR committees. Participation in these committees is a benefit that members like Leisa Kiper take advantage of.

Kiper, who received her real estate license in 2007, joined CCAR the same year. A REALTOR® with Keller Williams Prosper Celina, Kiper has participated in various committees over the years.


“Every committee brings new members, ideas, conflicts, and, most of all, acceptance of others with goals different than what my goals may be … There is a trust that comes with volunteering on a committee with all of these individuals and obtaining a goal.”

– Leisa Kiper, Chair of the Installation Task Force

“As soon as I was licensed, I applied for the Texas REALTORS® Leadership Program (TRLP) Class; I was accepted,” she said. “That was the start of my committee involvement journey at CCAR. That program taught me to overcome my fears and gave me confidence to embark on a career that brings me so much joy.”

Soon after, Kiper found herself on the TRLP Advisory Committee for three years and served as  Vice-Chair her second year and as Chair the third year. “I felt lead to help this committee so that other REALTORS® could have the same experience I did in the program,” she said. “The connections I made in the class were good for my business, and some of those class members became life-long friends.”

To date, Kiper has been an active member of the Housing Opportunity Committee, the 50 Leadership Committee, and the Government Affairs/ Texas Association of REALTORS® Political Action Committee, of which she served as the Vice–Chair and Chair in 2015 and 2016, respectively. In addition she served on the Board of Directors for two terms and was on the Nominating Committee. She is currently the Chair of the Installation Task Force, which she joined in 2013.

For Kiper, the relationships she has made through the committees have affected her personal and professional life. “Every committee brings new members, ideas, conflicts, and, most of all, acceptance of others with goals different than what my goals may be,” she said. “I have individuals in all aspects of my business such as title companies, lenders, inspectors, and, most of all, other REALTORS® that I know I can trust to take care of my clients as I would take care of them. There is a trust that comes with volunteering on a committee with all of these individuals and obtaining a goal.”

“For the LOVE of Our CCAR Members” will occur from 4-6 p.m. in the CCAR Banquet Room at the Plano office, located at 6821 Coit Road. RSVP is not required. For more information, call 972-618-3800.


Builders Might Require Different Policies for Home Inspectors

by Lee Warren III, member of CCAR’s Affiliate Committee

With the shortage of homes being such an issue over the last few years, many buyers have turned to purchasing new homes. Many builders offer incentives and bonuses to agents that bring buyers to their properties, increasing the draw toward this trend. As agents, please keep in mind that there are some risks involved with the purchase of a new home.

The issue comes when the buyer wants to have the house inspected. Some buyers get the house inspected when it is complete, while some buyers will have the home inspected throughout the building process. With both of these scenarios, agents should familiarize themselves with the policies of the builders as it relates to inspections.

Many sales representatives will say they welcome a buyer’s inspector. However, some builders have policies in place that require the inspector to sign certain agreements prior to inspecting the home. These agreements may not only limit what the inspector can actually inspect, it can increase the actual liability on the inspectors themselves. Some of the stipulation in these agreements require that the inspector provide proof of a $1 million errors & omissions (E&O) policy.

Texas Real Estate Commission requires that all licensed inspector carry E & O. In fact, without it, an inspector cannot renew their license. However, the required limits on this are substantially lower than $1 million, as the amount of damage that could actually result from something that an inspector does would likely never come close to that dollar amount. Furthermore, some of these agreements require that the inspector put the builder on as an additional insured on their policy. They can also require copies of auto liability policies, worker’s compensation documentation, and much more. Some of these agreements stipulate that the inspector is not allowed to go on the roof for any reason, which substantially limits what an inspector would be able to see. They can stipulate the hours in which the inspector can perform the inspection (often not allowing inspections on the weekends). Many of these agreements also require that the report be given to the builder. The report is the property of the buyer, not the builder. Most inspectors will recommend that the report be sent to the builder, but for the builder to require, this is a stretch.

Know which builders require some of these types of policies, as it may likely have a direct impact on the buyer’s ability to find an inspector willing to perform inspections on properties by these builders. Agents may find it increasingly difficult to find an inspector that is willing to sign these agreements from builders, as it puts an unnecessary burden on the inspector and the buyer alike. Some of the builders that currently require these types of agreements include Meritage, Standard Pacific, Ryland, and CalPacific Homes. Ensure that you are aware of these issues before showing your buyer a new home.  Know before you go.


Changes in Store for 2017

by Scott Drescher, member of CCAR’s REALTOR®/Lender Committee

The REALTOR®/Lender Committee benefited from positive changes in 2016 as we finally began to see the pendulum swing back from the abyss of 2008-2011. Now, we can look ahead to 2017 with the hope of more improvements. Here are my predictions, some of which are based on expertise and others that are based purely on unbridled optimism.

House prices are going to rise somewhat this year but not as much as in the past because prices are simply pushing too high too quickly, and consumers always push back eventually, no matter the market. We thought we’d never see the end of (fill-in-the-blank) every time we have been in a strong market for (blank), yet the market has always cooled before rising again. Understand, though, I don’t mean a reversal by any means. I simply expect that the 9% annual gains and dozens of offers will become 4% or maybe even 5%, and we’ll have multiple offers only on the best of properties at the most consequential time, that is in May.

FHA will lower the upfront mortgage insurance premium sometime this year, not because it makes sense, but because it should never have been that high in the first place. It is that slow to admit error.

The DFW maximum FHA loan amount will rise near year end to $385,500 (from this year’s $362,250). This is due to the run-up in home prices in our area. We’re still the least expensive major metropolitan area other than Houston, though.

The conforming loan limit will rise bigly for the first time in a decade. It has just risen very slightly to $424,100, but next year it should rise to $451,250.  I may be off by a few hundred dollars but not by more than 2%.  Come find me in December on this one.

Dodd-Frank will not be repealed, as it’s too big to fail, but the CFPB should find itself changed no later than the end of the year. You can bet your Jeb on that one.

On the state level, REALTORS® will rally in Austin to push an act coming out of Collin County that even a good conservative could love because it protects consumers so well.  It’s time for the builder “incentive penalty” to be buried, friends.  The act will prohibit builders from offering bogus incentives to use their preferred mortgage or title company or the consumer loses money or upgrades.  The bill is in Rep. Leach’s capable hands, and all of us will need to support it.

Finally, with my hand on my forehead, I can with absolute certainty predict that my third time as chairman of this committee is my last.  When December rolls around, I will take my final bow as chairman and live the rest of my business days as a committee member, plain and simple.

If you have any questions about this or any other lender topic, please feel free to reach out to any of us wearing a green ribbon or email us at realtorlender@ccar.net.


3 Reasons to Update to Newest Browser Versions

Your choice of Operating System and Web browser affects your online experience with various website sites like: ntreis.net, ccar.net, texasrealestate.com, and nar.realtor, along with the various tools that you are utilizing from these websites.

Here are the three best reasons to run the newest version of your browser:

  1. Security – Newer browsers have better security features and support newer security protocols. This means that newer browser versions will better protect you from vulnerabilities and viruses, even if you have an anti-virus program. Additionally, as browser manufacturers like Microsoft, Google, and Apple update their browsers, they phase-out support for older versions, which means that older versions will be susceptible to new vulnerabilities.
  2. Better functionality – Sites are designed and built to work with a vast array of browsers and versions, but you’ll normally have the best experience using a modern, updated browser.
  3. It’s free – If you’re using a common browser like Internet Explorer, Chrome, Firefox, Safari, or Opera, upgrading to the newest version is free. Below are manufacturer instructions on how to make sure your browser is up-to-date:

Please contact CCAR at 972-618-3800 or mls@ccar.net if you have any questions.


zipForm Account Up for Renewal

Beginning January 15, you will be prompted to renew your existing Software & Form Libraries license agreement when accessing your zipForm account. Renewals must be completed prior to midnight on Tuesday, February 14 to avoid lose of access to the product or any prior transactions completed within the software.

To verify the current expiration date of the product, click the drop-down arrow below your name, select the View Profile option, and choose the Libraries tab on the left margin.

During this renewal process, you will also be requested to renew any optional add-on services subscribed to during 2016 such as zipForm® Mobile Web Edition (TAR).

As long as the base product and libraries are renewed, you may always add on optional services at any time in the future by clicking here.

If you currently subscribe to a multi-user account and are not sure who your rep is to call to renew, please contact zipForm directly at 866-627-4729. This will direct you to the multi-user department who will be able to look up your account and either assist with the renewal, or put you in contact with the correct person.

Contact the CCAR MLS Department at 972-618-3800 if you have any questions.


Q & A with Nick Kline, 2017 CCAR President

Nick Kline, the co-founder of Ornelas + Kline Real Estate Group of Keller Williams, became president of the Collin County Association of REALTORS® (CCAR) on January 1, 2017. Since 2011, Kline’s involvement in the organization has included serving on various committees such as the Board of Directors, the North Texas Young Professionals Network, and the Government Affairs Committee. We caught up with Kline to discuss his passion for the industry, his involvement in CCAR, and his goals as president.

Q: You have been employed in a real estate-related field since 2006. What initially inspired you to work in this industry?

A: “It was a management trainee program that I was offered out of college. From that, I decided to get my real estate license.”

Q: What do you enjoy most about the work you do?

A: “I love helping people with their next transitions in life, be it new couples and their first homes, investment properties for their kids or investments to help build their wealth, empty nesters who are downsizing, or families relocating to the area. There are so many different facets to the industry, and no day is the same. You are always experiencing and learning new things, which keeps it interesting and never boring.”

Q: Since joining six years ago, you have been an active member of CCAR. You have served in committees like the Budget and Finance Committee, the Community Outreach Committee, and the Technology Committee to name a few. What has been the most beneficial part of being a CCAR member?

A: “CCAR has many benefits including our family feel, the best customer service of any board in North Texas, and our CEO Mary Leidy, who has been with CCAR for more than 40 years. Being active at CCAR and on its Board of Directors and being involved in committees means that you get to know agents who are involved in real estate in a big way. This helps you and your clients out on their purchases, especially when it comes down to multiple offers.”

Q: CCAR prides itself in providing quality services and programs to its members. What additional goals do you want to accomplish as president?

A: “Something new for 2017 is communicating with our members in a more personalized way with our social media channels, videos, and emails. We also have a great goal to increase our membership as 2017 is going to be a fantastic year for real estate in DFW.”


NKline 3 facts



1. “I literally was born in the desert and lived in the desert until about age 5.”

Born in Las Vegas, Kline is a self-declared Air Force brat whose family moved to Saudi Arabia when he was 9-months-old. He attributes this to part of the reason he dislikes cold weather. “I’m sure there is no scientific reason, but from birth until 5, I literally lived in the hottest places on earth,” he said.

2. “I love cooking.”

Kline said he finds it relaxing to whip up a tasty meal after enduring a rough day.

3. “For the past nine months, I have been an avid spin class attendee.”

Along with other devoted spinners, Kline enjoys burning approximately 1,000 calories during an hour-intensive class. The reward? “ I can go cook more,” he said.


Reminder: 2017 Annual Membership Renewal Dues

Dear CCAR Member,

December 1, 2016 was the due date for 2017 Dues.  A $50 late fee will be assessed for all dues received at CCAR after Dec. 15, 2016. Following are the three ways to submit your payment:

  1.  To view your invoice and/or pay online:
    1. Go to www.ccar.net and from the “Team, Tools, Resources” box on the homepage, click on “Pay Dues.”
    2. Log-in with your seven-digit real estate license number. You will also need your MLS password. If you don’t remember your password, please click here.
    3. Affiliate members: use your CCAR member number and password assigned by CCAR’s Member Services. If you don’t remember your password, please click here.
    4. Follow the step-by-step procedure to pay your invoice.
    5. PRINT your receipt page for your records.
  1. You may fax in your credit card payment:
    1. To fax in your credit card payment, complete this form: http://www.ccar.net/docs/membership/forms/credit_card_form.pdf
    2. Fax the completed form to 972-491-3180.
  1. You may also pay your dues by bringing or mailing a check payable to CCAR to:
    1. Collin County Association of REALTORS®
      6821 Coit Road
      Plano, Texas 75024
    2. If you pay Local Dues to CCAR as a Secondary Member, and you wish to make CCAR your Primary association, please contact Member Services at 972-618-3800 or membership@ccar.net Application fees for REALTORS® and Designated REALTORS® are waived if you are transferring membership from another association in Texas or joining CCAR as a secondary member.

IMPORTANT NOTICE: to avoid termination of your REALTOR® membership and all services, please ensure your payment is paid to CCAR not later than December 31, 2016. After December 31, 2016 a $100 application fee and full 2017 annual dues will be required to reinstate your membership.

  • Please pay online at http://www.ccar.net or remit to: CCAR 6821 Coit Rd, Plano, TX  75024-5417
  • Collin County Association of REALTORS® is very pleased to have you as a member.  It is our mission to aggressively provide the tools and resources for our members to succeed. For 16 years CCAR has held the line on local dues costs while continuously improving the most responsive and personalized member services in the region. For personal attention to your Dues or Membership questions, please call us at 972-618-3800 or email membership@ccar.net.