With the release of new flood maps in our state, residents and business owners may find that their flood risk has changed. To help better understand these changes, FEMA is hosting a free 2-hour online workshop on how map changes can affect building and flood insurance requirements and insurance options.

The Commercial Industry Advocate Award is presented to an individual who has worked to support, connect, and further the commercial real estate industry in Oklahoma. Recipient of the award will be recognized at the REALTOR® Celebration Monday, September 13, held in conjunction with the 2021 Annual Conference.

The deadline for OAR award applications is July 30.

This premier US-based commercial real estate event is described as 3 days of commercial real estate networking, learning and deal-making with direct access to commercial investors and influential industry leaders.

While NAR is in the forefront of advocating, researching, and educating on issues important to the real estate profession and industry, its advocacy work on behalf of commercial real estate is not always as evident - especially the work through RPAC, the REALTORS® Political Action Committee.

Last year NAR pivoted to protect commercial members and their businesses, as well as the economy and consumers. NAR leveraged the years of building great relationships with elected officials to ensure independent contractors, sole proprietors, and the self-employed had access to a raft of new rescue programs. 

There were six major relief bills passed between March 2020 to March 2021.

The NAR team sent over a hundred letters to Congressional leadership and worked the phones, emails and Zoom meetings to protect the membership. NAR helped secure paid sick and family leave, direct stimulus payments, and scores of new tax change and benefits. Working with State REALTOR® leaders brought success in getting real estate as an essential service, keeping transactions moving during lockdowns. NAR also helped secure $25 billion in rental assistance.

Locally OKCMAR worked to advocate to expedite these programs as soon as possible, providing payments for rent, utilities and other expenses related to housing. It kept families in their homes and small landlords in business. Unfortunately, there is plenty of work still left to do. 

That is why your continued support of RPAC keeps us in the position to assert the influence needed to advocate on behalf of the profession and the industry.

Remember, if you are not at the table, you could end up on the menu. Help us keep our seat at the table.

As part of your NAR membership benefits, RPR® has many useful features for commercial practitioners, such as listings, property research and investment analysis. But did you know that you can also pull commercial comps? 

Did Tom violate Article 2?

A. No. Once he was contacted by Sara, Tom explains to her exactly why he thinks the future owners might be able to obtain a zoning change or variance from the Building Department.

B. Yes. Tom misrepresents the property information in the MLS.

C. It is outside Tom’s expertise to know whether the property’s zoning provides for an apartment.

D. Maybe, depending on whether the seller told Tom to list the property in the MLS that way.

Should Tom have identified the building as having a revenue generating apartment?

A. Yes. As indicated by the seller, the apartment was built “to code”.

B. No. Tom knew that the building would need to have a zoning change or variance from the Building Department before it could legally be rentable.

C. Yes. The former owners did write-off the apartment on their taxes.

D. Yes. Tom made no representation that the apartment was legally built.

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