Kentucky REALTORS® Centennial Issue

A PUBLICATION OF KENTUCKY REALTORS®

A publication of Kentucky REALTORS®

President | Mike Inman Bluegrass REALTORS® Coldwell Banker McMahan

President-Elect | Elizabeth Monarch

Greater Louisville Association of REALTORS® EXP Realty, LLC.

Treasurer | Pam Featherstone

The Heart of Kentucky Association of REALTORS® Semonin REALTORS®

Treasurer-Elect | Barb Curtis Bluegrass REALTORS® Coldwell Banker McMahan

Past-President | Charles Hinckley The Heart of Kentucky Association of REALTORS® Network Real Estate Services

CEO | Josh Summers

Kentucky REALTORS® members should always send address changes to their local board/association first. Subscription rates: $10 per year (included in dues) for members, $25 per year for non-members.

All articles represent the opinions of the authors and do not necessarily represent the opinions of Kentucky REALTORS® and should not be construed as a recommendation for any course of action regarding financial, legal or accounting matters by Kentucky REALTORS® and its authors.

Reproduction prohibited without permission. Copyright©2022. Kentucky REALTORS®, Inc. All rights reserved.

Address letters and inquiries to:

Kentucky REALTORS®

2708 Old Rosebud Road, Suite 200 Lexington, KY 40509

TF 800.264.2185 T 859.263.7377 F 859.263.7565 www.kyrealtors.com email: kyrealtors@kyrealtors.com

Follow KYR on Social Media

IN THIS ISSUE 7 Diversity, Equity & Inclusion Committee

KYR has posted its social media links on the home page of its website so members and consumers can follow all the things going on with the Association. Keep up with KYR on a real time basis – legislative updates, industry news, business tips and much more – visit www.kyrealtors.com

A LETTER FROM THE PRESIDENT

It has been a great privilege for me to serve as your 99th President, and to be able to preside over the celebration of our centennial anniversary; and what a year it has been! Just a bit over a year ago we began planning what we thought would be a year of celebration to culminate our centennial anniversary and planning the beginning of our next 100 years. There is no way we could have foreseen what this year would actually bring.

INMAN

2021 ended with Kentucky REALTORS® coordinating a response to the horribly devastating tornadoes in Western Kentucky. On December 10th, 2021 a series of tornadoes blew through a number of our Western and South Central communities, including Mayfield, Benton, Dawson Springs, Princeton and Bowling Green. We requested and received a grant of $1.5 Million from NAR’s REALTORS® Relief Foundation (RRF) to assist displaced homeowners and renters in the affected areas. Much of the first months of the year was devoted to promoting the grant and processing applications for relief. We ultimately dispersed over $690,000 to help 311 families as they recovered from the disaster.

Several lessons learned from the administration of the relief funds resulted in changes to RRF guidelines for future grants. The lessons learned led directly to the creation of the Kentucky REALTORS® Relief Foundation and to the initiation of disaster planning for Kentucky REALTORS®.

Our 2022 legislative session saw the review of 109 bills with some impact or potential impact on real estate and private property rights. We were very happy to see passage of our signature legislation, The County Clerk Modernization Bill. For the first time in recent memory, we were able to assist in blocking more bills than we supported. Our relationship with our legislative REALTOR® champions has never been stronger.

In May, in National Harbor, MD, Kentucky REALTORS® was recognized for the 5th straight year for achieving the coveted RPAC President’s Cup. We also witnessed a record 10 members from Kentucky walk across the stage at the NAR Legislative Meetings and be inducted into the NAR RPAC Hall of Fame. During the ceremony, inductees from 2019, 2020 and 2021 were recognized, including many of our pastpresidents and leaders of KYR.

Our CEO departed on December 31st, and much of the early part of the year was focused on the search to find a replacement. Al Blevins spearheaded a search committee that engaged with a search firm and interviewed the replacement candidates. This search resulted in the hiring of Josh Summers from The Villages, Florida as our new CEO. Josh arrived just in time to engage with our members at the summer business meetings in Bowling Green at the end of June.

MIKE

PRESIDENT – KENTUCKY REALTORS®

Josh arrived just in time to take the helm and manage the response to historic flooding that hit portions of 13 Eastern Kentucky counties. We again engaged the REALTORS® Relief Foundation to obtain a grant to support families impacted by the flooding. We received an initial grant of $500,000 (later raised to $750,000) and to date have assisted over 255 families. As we continue to evolve, and thanks to the creation of our 501c(3), the Kentucky REALTORS® Relief Foundation, we were able to receive and directly review and approve requests for housing assistance and relief. The implantation of online applications has made it easier than ever for the victims to apply for relief, as submitting paper applications during the tragedy in Western Kentucky was quite cumbersome for all parties. Our new full-time employee, Hathlyn Chapman, has worked tirelessly with a committee composed of Charles Hinckley, Brenda Gooslin, and Donna Gregorich to manage the review process.

As we end the year and transition leadership to a superb leadership team headed by 2023 President Elizabeth Monarch, we note that here is a sense of renewed energy, cooperation and optimism among our members. We can feel it and people outside the state are seeing it as well. Our reputation is growing in a number of ways. We are connecting like never before, within the state, across our NAR Region, and with NAR itself. Our interaction with the RRF has been much appreciated and recognized across NAR. The feedback we gave with the Tornado Relief led to direct changes in the program that impacted the Eastern Kentucky floods and Florida Hurricane relief efforts.

Finally, our advocacy and RPAC successes are firing on all cylinders. We end the year in an excellent position in terms of funds available to carry out our advocacy program, we have a strong relationship with the legislative and executive branches of state government, and with our congressional delegation. Our base in energized and focused as evidenced by a record year of RPAC fundraising and participation. For the first time in Kentucky REALTORS® history, we have become a half-a-million-dollar PAC.

It is exciting to see how far we have come, and it is even more exciting to look forward to where we are headed. We’re looking forward to Elizabeth Monarch being installed in December and serving as our 100th President. It has been eleven years since Kentucky REALTORS® had a female president, and we have the honor of being led by two consecutive female presidents for the first time in our history, as Elizabeth will be followed by Pam Featherstone. The future of our Association is bright with these leaders at the helm. n

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DIVERSITY EQUITY INCLUSION

BY LAMONT BRELAND

In this time of increasing social change and uncertainty, it is more important than ever to ensure that Kentucky Realtors be diverse, equitable, and inclusionary both within our organization and in the communities we serve. In 2021, with this goal in mind, the Kentucky REALTORS® Diversity, Equity & Inclusion Committee was created. It is tasked with promoting diversity and unity within KYR membership, as well as educating REALTORS® on how to be more inclusive with peers and clients alike.

In a brief time, we have made great gains, however, there is so much more to accomplish. Some of our successes have been the creation of the Open Books, Open Minds book club, which to date have discussed six books, with topics covering racial, gender, and sexual discrimination. The creation of a new annual award, the “Winds of Change Award”, given out annually to a REALTOR®, their representative, or an entity that has demonstrated sustained support for advancing diversity, equity, and inclusion in the KYR organization and/or community. Pat Parks was the 2021 recipient, and Lester Sanders in 2022. Congratulations to both, very well deserved!

As we move forward into 2023, we ask all Kentucky Realtors® to look for ways to make our industry more open and welcoming to all. We also ask you to consider completing NAR’s Fairhaven, Implicit Bias, and At Home With Diversity trainings. It will open your eyes!

For more information, please visit kyrealtors.com and click on Members and Diversity, Equity, and Inclusion.

A Source of Relief in Times of Crisis

It is difficult for any one of us to wrap our minds around the fact that within less than one year, our state of Kentucky bore two historic and heartbreaking disasters. I was hired into a new position at KYR as Disaster Relief Coordinator working part-time through college, without knowing the full-time devotion I would make to the victims of these disasters.

HATHLYN CHAPMAN DISASTER RELIEF COORDINATOR KENTUCKY

REALTORS®

I will never forget the overwhelming feeling I had on my first day as the actuality of my new job set in. I remember opening my email inbox to the reality of the condition the tornadoes had left Western Kentucky in. There was no way to prepare myself for the real-life accounts of what a 45-second storm had done to these families. I would open pictures of what once was a home to an entire family and not be able to determine what I was looking at. I would answer calls and listen to stories about how one night would result in a lifetime of PTSD for one victim or how a resident spent the night listening to all of the different cries for help down his entire street as his neighbors were trapped under the aftermath. It became clear to me that there were many more stories similar to these and I would spend the next several months reaching as many victims as possible.

To find the good in a bad situation, I was truly delighted to work firsthand with these victims and provide them with those first steps back to some normalcy. Our REALTOR® Relief Fund was seemingly a drop in the bucket, but to the people who had their entire worlds destroyed by the tornadoes, covering their housing costs for 3 months meant much more than I could ever understand. Granting over

$690,000 to our tornado victims was undeniably an honor. From a check as small as $120 to the maximum $3000, it was heartwarming to know that assistance coming from our REALTOR® fund would be the aid that brought hope to those who weren’t so hopeful.

"It was heartwarming to know that assistance coming from our REALTOR® fund would be the aid that brought hope to those who weren’t so hopeful."

Just as we thought we were finding the right steps in disaster recovery; Eastern Kentucky was hit with one of the most devastating floods in the state’s history. When I thought I had seen the worst, it came in another form. The image of children’s toys stuck in the tops of trees, homes completely lifted of their foundations & washed away, and black mold intruding living spaces completely bemused me. As the news of this flood came in, I had so many questions. But the most important one being: how do we help?

Recovering from a flood is a much different process than recovering from a tornado. When a tornado strikes an area, the damage is done in an instant. With a flood, the rain can continue for days causing damage to accrue taking days or even weeks to reveal its full extent and recovery to be delayed. We found that this was the case with the Eastern Kentucky flooding. We had to somehow act fast but also take our time to make appropriate modifications in providing relief to a different beast.

We spent several days analyzing what we had learned from the tornado victims and amending those details to meet the needs of the flood victims. In doing that, we were able to set up our REALTOR® Relief Fund with the help of the National Association of REALTORS® and quickly began

providing aid to the flood victims in a volume we hadn’t seen before. Furthermore, we were able to raise money to well prepare ourselves in the case that another disaster falls upon our state.

In continuing to provide relief to the flood victims of Eastern Kentucky, each day we are learning how to best help disaster victims. With each penny that is disbursed in the $423,000 to Eastern Kentucky and over $1 million between both disasters, we have prioritized offering our aid to those who need it most.

Through this unprecedented time of uncertainty, the one irrefutable facet I have found myself holding onto is the strength of the commonwealth and the unity of our REALTOR® family. This has not been a one-man job. From the beginning, there were always emails, text, and phone calls from our members reaching out with their continuous efforts and support. As we work through recovery, I am grateful to have not only the state of Kentucky behind us, but also the REALTOR® members all across the country. We hope that our state of Kentucky does not deal with another nightmare such as the ones of this past year. But should that be our unfortunate reality, I have no doubt that the past 10 months of experience will guide us through a smooth recovery. n

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JOSH SUMMERS CEO – KENTUCKY REALTORS®

Meet Our New CEO

In June 2022, Kentucky REALTORS® hired Josh Summers as the new Chief Executive Officer for the Association. Josh has served on every level of staff leadership from MLS Director to Government Affairs Director, and CEO prior to joining KYR. His wealth of experience in association management and leadership have already proven valuable as the Association crossed the $450k mark in RPAC funds raised for the first time in our history and has impacted the community through streamlining our processes for the relief efforts in both Western and Eastern Kentucky.

Josh is a native Floridian and spent his early years on his family farm raising cattle, riding horses, and learning the importance of a strong work ethic from a young age. He earned a bachelor’s degree from Florida University, and immediately became familiar Real Estate industry through his property development firm, which focused on developing affordable and student housing across the country.

Josh values spending time with his two daughters, Sarah Grace and Jaclyn, and wife Cameron. He takes great pride in being “a girl dad” and doing so while balancing his career and family responsibilities. In his free time, Josh enjoys golfing, boating, and traveling, although the latter is all a part of the job. In his first four months of being CEO, Josh and President Mike Inman have visited nearly all eighteen of our local associations, attending many member meetings, installations, and RPAC events.

With a strong background in advocacy, Josh’s 10+ years of association management will be useful as KYR looks to become a half-a-milliondollar PAC next year, and rapidly increase the number of major investors throughout the Commonwealth. Kentucky is in a unique position as our voice has never been heard louder when it comes to advocacy and the new CEO looks forward to leading the charge as KYR “moves from a position of defense to offense” when it comes to advocating for the rights of REALTORS® and property owners, says Josh Summers. n

STRONG HISTORY, GROWTH & ECONOMIC IMPACT

First organized in 1892 and chartered by the National Association of Realtors® in 1909, the Greater Louisville Association of Realtors® was the very first real estate association in Kentucky.

We are the largest local real estate association in the state representing over 5500 members in the industry with over 5.8 billion in real estate transactions annually.

EXCEPTIONAL MEMBER EXPERIENCE

Our focus is delivering an exceptional member experience to our over 5500 members by providing cutting-edge technologies, business tools, dynamic education, programming, and services that exceed our members' diverse and evolving business needs.

Since 1969, the REALTORS® Political Action Committee (RPAC) has promoted the election of pro-REALTOR® candidates in Kentucky and across the United States.

The purpose of RPAC is clear: REALTORS® raise and spend money to elect candidates who understand and support their interests. The money to accomplish this comes from voluntary contributions made by REALTORS®. These are not members’ dues; this is money given freely by REALTORS® in recognition of how important campaign fundraising is to the political process.

RPAC doesn’t buy votes. RPAC enables REALTORS® to support candidates that support the issues that are important to their profession and livelihood.

RPAC is one of the most bipartisan PACs in the country, giving to both Democrats and Republicans alike. The only stipulation is that the candidate be a member of

the REALTOR® Party® – members of Congress and state candidates who support REALTOR®-friendly issues. Through direct contributions, NAR’s opportunity race program, and independent expenditures, RPAC ensures that REALTOR® issues are heard in Frankfort and on Capitol Hill.

This year, for the first time in KYR RPAC’s history, we will have raised more than $400,000 AND have more than 140 Major Investors in a year! We could not have done it without the generous investments of ALL of our RPAC investors. We appreciate all of you for your dedication to RPAC.

KYR RPAC is headed for new heights in the coming years. We hope you will join us!

Kentucky REALTORS® is a member driven organization. Luckily, this association not only sees the value in investing in RPAC, but also the value of the American dream of homeownership and real property rights. KYR is proud to have members in every corner of the Commonwealth that invest in the REALTOR® Party. RPAC recognizes special investors that went above and beyond to support the REALTOR® Party. As of October 31st, these individuals gave at least $1,000 this year.

2022 President’s Circle Investors

Finally, we’d like to recognize our President’s Circle participants. The President’s Circle is a group of REALTORS® who contribute directly to REALTOR®-friendly candidates or political party at the federal level. The President’s Circle Program supports REALTOR® Champions — members of Congress who have made significant achievements in advancing the REALTOR® public policy agenda. The President’s Circle Program allows REALTORS® to contribute beyond RPAC dollars and increase the strength of the REALTOR® voice on Capitol Hill. Our President’s Circle Members are:

Al Blevins

Greg Buchanan

Linda Gibson Cecil

Tony Clark

Steve Cline

Cathy Corbett

Barbara Curtis

AnnElizabeth

Delahanty

Lois Ann Disponett

David Earls

Paula Elder

Lynda Fernandez

Donna Gregorich

Charles Hinckley

Todd Hyatt

Mike Inman

Justin Landon

Carter Martin

Elizabeth Monarch

Guy Montgomery

Deborah Morgan

Mike Parker

Dave Parks

Judie Parks

Lester Sanders

Kim Sickles

Tara Smith

Carl Tackett

Rusty Underwood

John Weikel

Cori Zaring

2022 RPAC Hall of Fame Inductees:

The Hall of Fame recognizes dedicated members who have made a significant commitment to RPAC over the years by investing an aggregate lifetime amount of $25,000 or more. Joining the Class of 2022 National Association of REALTORS®’ RPAC Hall of Fame is John Davis, Lois Ann Disponett, David Earls, Todd Hyatt, Steve Cline, and Mike Inman. Hall of Fame Induction Ceremony occurred during the May 2022 REALTORS® Legislative Meetings & Trade Expo, held in Washington, D.C. As a Hall of Fame member, a plaque bearing Steve and Ken’s name will be displayed on the rooftop of the NAR building in Washington, D.C.

$50K Level NAR RPAC Hall of Fame Achieved

Tony Clark and Carl Tackett are KYR’s newest $50,000 level RPAC Major Investor. Congratulations on joining an elite group of individuals that believe so strongly in RPAC and the REALTOR® Party. As we look back on the 50th anniversary celebration of RPAC in 2019, your commitment is appreciated more than ever before!

30644

The number

to text the word REALTOR to 30644 to sign up for the REALTOR® Party Mobile Alerts. By signing up, REALTORS® have a way to stay connected directly from their cell phone or tablet. Get information on finding your polling locations, election and primary voting day reminders and participate in Calls for Action.

A special thank you goes to our RPAC Investor Major Investors!

Your friend, Kelley Nisbet

Kelley Nisbet

Thank you, RPAC Investors! | A message from 2022 KYR RPAC Chair Kelley Nisbet

As the voice of real estate and private property rights, Kentucky REALTORS® knows the impact homeownership has on neighborhoods, communities, and the overall vibrancy of the Kentucky economy. Kentucky REALTORS® advocates for policies that increase access to the American Dream of homeownership by promoting growth, attracting new jobs and talent, and encouraging positive community development. Kentucky REALTORS® serves as the voice and the champion of its over 13,600 members that live, work, and invest in every corner of the Commonwealth.

During the 2022 legislative session, Kentucky REALTORS® Legislative Quick Response Team was tasked with advancing KYR’s Advocacy Agenda and Policy Positions: County Clerk Modernization, Tax Reform, Kentucky Real Estate Commission, and Wholesaling.

COUNTY CLERK OFFICE MODERNIZATIONPASSED

Issue: As many County Clerk offices closed during the pandemic, REALTORS® came together with other stakeholders due to shared concerns that closure of their offices would effectively stifle a significant portion of Kentucky’s economy. Closure of these critical offices prevented title searches, timely title filings, and in some cases delayed transactions causing significant challenges for buyers and sellers.

Position: Kentucky REALTORS® SUPPORT efforts that would bring uniformity and efficiency to the County Clerk’s Office to increase adoption of electronic recording of documents, searching real estate documents online, funding for increased use of technology and standardized procedures for closure of offices.

TAX REFORM - PASSED

Issue: Kentucky REALTORS® SUPPORT tax policy that encourages growth and development but believes that tax reform measures should not place a disproportionate burden on homeowners and the real estate industry. Kentucky REALTORS® believes that good tax policy should encourage homeownership, not deter it.

Position:

• SUPPORT and PROTECT the Mortgage Interest Deduction

• OPPOSE any sales tax on professional services

• SUPPORT programs that incentivize home ownership such as First Time Homebuyer programs

KENTUCKY REAL ESTATE COMMISSION –IN PROGRESS

Issue: The primary responsibility of the Kentucky Real Estate Authority (KREA)/Kentucky Real Estate Commission (KREC) is to protect the consumer by regulating the real estate licensees in Kentucky. Kentucky REALTORS® is concerned with how the KREA/KREC is currently resourced to protect the consumer. Additional staffing is needed to help with regulatory enforcement and licensing approvals in a timely manner.

Position: Ensure the Kentucky Real Estate Commission has adequate resources to provide protection to consumers. Kentucky REALTORS® SUPPORT additional funding the KREA/ KREC may receive to hire additional staff for regulating the licensees.

WHOLESALING REAL ESTATE – IN PROGRESS

Issue: The practice of "real estate wholesaling" occurs when an individual enters into a contract to purchase real estate and immediately attempts to resell, for a profit, their interest in that real estate contract to a different purchaser before closing on the property. This practice is often indistinguishable to the consumer from the activities a Kentucky real estate licensee engages in when marketing a property for a seller, yet the wholesaler is currently not required to hold a Kentucky real estate license.

Position: Kentucky REALTORS® SUPPORT implementing regulations on the practice of wholesaling real estate. Wholesalers that publicly market an equitable interest in a contract for the purchase of real property should be required to hold a Kentucky real estate license so that the KREC has regulatory authority over their actions. This is a consumer protection issue.

In the 2022 legislative session, the QRT worked hard deliberating on which bills KYR should get involved with during

2022 REALTORS® Day on the Hill

The KYR Legislative Meeting was back IN-PERSON for the first time in two years last week. During that week, our members were able to visit with their legislators at the KYR Legislative Reception and during the REALTORS® Day on the Hill. Of course, we would not be able to have our REALTORS® Day on the Hill without taking our annual picture in the Capitol. Legislative Reception at The Elizabeth in Frankfort Another highlight of the week took place when KYR President Mike Inman and KYR President-elect Elizabeth Monarch were recognized in the Senate and House of Representatives galleries when both Chambers passed resolutions honoring Kentucky REALTORS® Centennial year. Thank you to Speaker Pro Tempore David Meade and Senator Damon Thayer as they were the sponsors of the resolutions.

the session. Chaired by Angi Cline in 2022, this committee is designed to be a fast-acting committee that analyzes legislation that could impact the real estate industry in Kentucky. The QRT met every Friday while Session is in to discuss any relative bills and guide the decision process for KYR to support, oppose, or monitor those bills based upon their impact on REALTORS®, homeowners, and the health of the real estate industry.

This session, the QRT voted to support 16 pieces of legislation, oppose 20, and monitored 37. In total, the QRT kept track of over 70 bills this legislative session. As you will read below, many of the bills the QRT voted to oppose were unfriendly landlord bills.

Here are a few of the Supported Bills:

HB 8 (Petrie, J): This was the tax reform legislation that was passed by the legislature this session. It will reduce the individual income tax rate to 4% for taxable years beginning on or after January 1, 2023, and provide a further rate reduction in future years if certain thresholds of total general fund receipts are exceeded. Additionally, this bill added quite a few services to Sales Tax. Real Estate services continue to the exempt from Sales Tax!

HB 86 (Bridges, R): This measure would establish the nonrefundable Kentucky affordable housing credit.

HB 238 (Meade, D): would prohibit a property valuation administrator from using the asking price of a property actively listed for sale in the determination of the fair cash value of the property unless other evidence demonstrates that the asking price is the price the property would bring at a fair voluntary sale.

HB 315 (Meade, D): would appropriate $300,000,000 to the Broadband Deployment Fund.

The funds would come from the State Fiscal Recovery Fund of the American Rescue Plan Act of 2021.

SB 161 (West, S): relating to affidavits of conversion to real estate for manufactured homes, to set forth an alternative process by which an applicant may show proof of lien satisfaction.

HB 377 (Meredith, S) and SB 135 (Howell, J): is the County Clerk Modernization legislation that is a major priority of KYR’s this legislative session. This measure would establish deadlines for all county clerks to maintain online portals for electronic filing and searching of records.

Additionally, $25 million was put in the final budget to help all county clerk offices implement the online portals.

SB 171 (McGarvey, M): is a civil rights bill that would prohibit discrimination in certain housing, real estate, and other financial transactions, to include sexual orientation and gender identity.

HB 526 (Koch, M): would allow a person to qualify for licensure as a land surveyor if he or she has graduated from a two-year board-approved program and has obtained a minimum of six years of progressive experience in land surveying, with four of those years under the direct supervision of a practicing land surveyor. Additionally, this measure would allow graduates of two-year board-approved programs to be eligible to take the Fundamentals of Land Surveying Examination after two years of progressive experience in land surveying and the principles and Practice of Land Surveying Examination after six years of progressive experience in land surveying.

HB 574 (Meade, D): This bill would redefine "real estate brokerage" to include advertising for sale an equitable interest in a contract for the purchase of real property between a property owner and a prospective buyer. Also, the bill would limit this type of advertising to licensed real estate brokers.

Here are a few of the Opposed Bills:

HB 89 (Tate, N): The bill would require the Kentucky Real Estate Commission (KREC) to add a section to KREC Form 402 (seller’s disclosure of property condition) to include “proximity to a military installation”.

HB 131 (Scott, A): This measure would permit the governing body of a consolidated local government to enact rent control ordinances in a development area.

HB 152 (Kulkarni, N): This legislation would apply the Uniform Residential Landlord and Tenant Act across the Commonwealth. Only a handful of cities in Kentucky have adopted this language.

HB 159 (Kulkarni, N): Would provide automatic expungement of records in actions for forcible entry and detainer.

HB 160 (Kulkarni, N): This measure would specify the duties of a landlord with respect to abandoned personal property.

SB 21 (Thomas, R): This measure pertains to the screening of tenants. It would limit applicant screening charges, prohibit landlords from charging screening fees without notice, require screening criteria, disallow landlords from considering applicant’s certain previous actions, arrests, or criminal charges.

SB 52 (Hornback, P): Would require a $100 per acre state conversion charge on land which has been converted from agricultural or horticultural to any other use.

SB 191 (Alvarado, R): This is the “HOA Bill” that you should be familiar with by now. This bill would place unnecessary burdens on new and existing HOA’s in Kentucky.

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licensed

Jess Kinman Award

The recipients of this year’s Jess and Carolyn Kinman Award are Senate President Robert Stivers from Manchester and Senate Majority Floor Leader Damon Thayer from Georgetown. Sen. Stivers represents SD 25 which serves Clay, Jackson, Knox, McCreary, Owsley, and Whitley counties. Sen. Thayer represents SD 17 which serves Fayette (part), Grant, Kenton (part), and Scott counties. Both Senators had a 100% voting record on KYR issues in 2021. Thank you, President Stivers and Senator Thayer, for all you have done and continue to do for REALTORS® in the Commonwealth. Thank you to all that attended the Legislative Meetings last week. Our association could not be where it is today without your support!

EDUCATION

Kentucky Realtor® Institute Pre-

Licensing Program

www.kyrealtorinstitute.com > Pre-licensing

In order to meet the needs of today’s students, KRI is offering the entire 96-hour pre-licensing program online. The course is available 24/7 and can be taken at their own pace and time. Packages and a la carte pricing available.

Online Courses

www.kyrealtorinstitute.com > continuing-education

KRI offers a wide selection of online education, with both local and national instructors. You will find courses covering both law and elective CE, PLE Hours, and Ethics. The newer courses are video-based, putting the instructor right in front of you – it’s just like being face to face. Courses are available to you 24/7 and can be taken at your pace – all you need is a computer and internet access.

Post-Licensing Education (PLE)

www.kyrealtorinstitute.com > post-licensing

Post-licensing Education (PLE) law went into effect on January 1, 2016, which requires all new licensees to take 48 hours of approved PLE courses within two years of license activation.

KRI has you covered as all 6 GRI courses (GRI 100-600) satisfy the 48 hours of PLE requirements and can be taken in classroom or live webinar. KRI also offers a variety of traditional online PLE courses, including our very popular 48 Hour Online PLE Packages. Our PLE packages offer a variety of courses for different types of learning styles. Keeping you on your toes!

License Reciprocity

www.kyrealtorinstitute.com > license-reciprocity

The Kentucky Real Estate Commission ended the policy of license recognition on December 16, 2019, with the new regulations allowing for license reciprocity. The Kentucky Real Estate Commission is currently negotiating reciprocal agreements with individual states. Kentucky REALTOR® Institute, your source for education, proactively updates its license reciprocity page on the KRI website as announcements are made on new agreements and how you can get your license in a recipricol state.

Graduate Realtor Institute (GRI) Designation

www.kyrealtorinstitute.com > GRI

The GRI program has been redesigned to meet the needs of today’s real estate professionals including one-day courses and a full year’s worth of CE per course. The courses also count for broker and PLE credit. With GRI, you can build your business and expand your knowledge through courses that offer specific training in key areas of real estate. And, you will increase your network of real estate professionals that can assist in generating leads and referrals from across the state. Get started now on the most popular national designation in real estate. GRI is available in the classroom and live webinar.

KRI Scholarships

www.kyrealtorinstitute.com

> Scholarships

The KRI Trustees award scholarships on an annual basis as a way to meet its mission of enhancing real estate professionalism and knowledge by providing quality educational services and programs for the real estate industry and the public. KRI makes scholarships available to members who want to obtain the GRI designation, Broker’s license, as well as provide scholarships to Kentucky residents who wish to pursue a career in real estate.

We are proud to announce a new scholarship called "The Linzie Craig Broker Education Scholarship". This new scholarship has been named in memory of our good friend and fellow REALTOR® Linzie Craig. Being a Broker and his love for education, we wanted to keep his memory alive with this new scholarship.

Applications are available on the KRI website and must be submitted and received no later than May 31, 2023 at 11:59 PM EST. Scholarships will be reviewed in the month of June and all applicants will be notified by July 1, 2023.

Scholarship winners for 2022:

GRI Scholarship Winners Lisa Anne Lay Lisa Armstrong Erin Kaptur Amanda Esper Cheryl Roberts

Pre-License Scholarship Winners

Mallory Ervin Deborah Gilbert Ollie Miller

Realtor® Code of Ethics

NAR's Board of Directors approved a change to the Code of Ethics training requirement, extending it from every two years to every three years. A new three-year cycle began January 1, 2022. The deadline for this cycle is December 31, 2024.

REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time. The training must meet specific learning objectives and criteria established by the National Association of REALTORS®.

Training may be completed through local REALTOR® associations or through another method, such as classroom courses or online courses. Additionally, KRI offers multiple online courses that can satisfy your CE, as well as your Code of Ethics requirement. Currently Scheduled Courses: http://www.kyrealtorinstitute.com > calendar

REMINDER

Former Madison County Board members are eligible for GRI course reimbursement. As part of the dissolution agreement, funds are available on a first-come first served basis for GRI course rebates. Any former Madison County association member that has not yet earned the GRI designation is eligible. Email kri@ kyrealtors.com to begin the process.

New & Upcoming

COMING SOON

Sales & Marketing 101 (Online)

IL Reciprocity Course (Online)

Pre-Licensing Video Revamp (Online) Exam Prep Program (Online)

Code of Ethics (Online)

Real Estate Principles (Online)

The Insider’s Guide To Commercial Real Estate (Online)

Real Estate Law (Online)

Kentucky Instructor Training (Online) New Video Courses (Online)

SPECIAL EVENTS

www.kyrealtorinstitute.com > events

Broker Summit - April 2023 (Date TBD) Louisville Kentucky

CURRENT OFFERINGS

Pre-licensing (Online) 96 Hour Program

Pre-licensing (Online) 96 Hour Program

License Reciprocity (Online)

Florida Reciprocity Course - NEW Ohio Reciprocity Course

Tennessee Reciprocity Course

West Virginia Reciprocity Course

Broker Education (Online)

Broker Management 2.0 Revamp (48 Broker Hours) - NEW

Essentials of Finance (48 Broker Hours)

Essentials of Investment (48 Broker Hours) Commercial & Investment (20 Broker Hours)

Principles of Home Inspection (96 Broker Hours) Property Management (48 Broker Hours)

Post-licensing

Available with GRI 100-600

Classroom Education

Live Webinars

Online Education & 48 Hour PLE Packages KREC Compliance

Continuing Education & Ethics

Available with GRI 100-600 Live Webinars

Classroom Education Online Education

Kentucky CORE (Online) New Member Orientation (Online) KRI's Fairhaven (free CE & PLE to REALTOR® members)

Real Estate Safety & Beyond Certification

Real Estate Safety and Beyond Certification Program Day 1 Real Estate Safety and Beyond Certification Program Day 2

Professional Standards

Professional Standards Training - Classroom & Webinar Mediator & Ombudsman Training - Classroom & Webinar

The Graduate Realtor Institute Designation (GRI)

Available in Classrooms Throughout Kentucky Webinar Classes

Check out our calendar on the KRI website to find what classes are available.

The

Kentucky REALTOR® Institute is licensed by the Kentucky Commission on Proprietary Education.

A Look Ahead Into the Future of Kentucky REALTORS®

BY JOSH SUMMERS AND KYLE TETZLAFF

After an exciting close-out of our first century as an Association, Kentucky REALTOSRS® is poised to charge into the future with ambition, drive, and above all, integrity. We look to continue the momentum created this year and look forward to bringing new and exciting member benefits to all of our members this year.

In the first quarter of 2023, we’re looking to launch a brand-new market stats program. This program will be integrated into our website, and members of KYR will be able to pull reports and view interactive housing data from across the state. We are in the process of pulling this aggregate data from every corner of the Commonwealth and look forward to launching this program that will allow each and every member of the Association to have real statewide data at their fingertips.

Additionally, KYR is actively researching and interviewing health insurance providers, with a goal of providing affordable health insurance to our members. REALTORS® often overpay for health insurance, and KYR wants to provide truly affordable health insurance that does not come at the expense of your coverage, as your health is of the utmost priority. We are excited to offer insurance opportunities in 2023.

Also on the horizon is a focus on commercial real estate in Kentucky. The importance Kentucky plays in the commercial field often goes unnoticed, but our Commonwealth is uniquely poised to expand in economic development and bring more jobs into Kentucky. KYR is looking to make a name for ourselves when it comes to attracting new businesses, and will have a seat at the table for those discussions. Additionally, there are a number of emerging technologies relating to the commercial field that KYR is looking to offer to our members. Stay tuned for more information on member benefits for those working in commercial real estate or those looking to expand their business.

We hope you can see the attention our staff and leadership are putting into our membership, and how your needs are the focal point of our work every day. n

Past Kentucky REALTOR® Presidents

1923 Barney J. Treacy

1924 C. Robert Peter

1925-26 G. W. Swinebroad

1927 W. Case Lawwill

1928 Bruce Hoblitzel

1929 R. A. Elam

1930-35 C. Ray Steinfort

1936 John M. Seaton

1937 G. W. Ammerman, Jr.

1938 Maurice Dunn

1939 Elmer D. Hinkle

1940 Harry Goodman, Sr. 1941 E. B. Gevedon

1942 Alfred Tennison

1943 J. E. McDonogh

1944 Gene Ware

1945 Elmer D. Hinkle

1946 Charles W. Long

1947 Paul F. Semonin, Jr.

1948 Fred W. Staengle

1949 D. T. Nickell

1950 John R. Carpenter 1951 John Bankemper 1952 Ralph B. Farra

1953 Frank Schooler 1953-54 J. Eugene Gilbert 1955 Michael J. O’Day 1956 Wheeler Nickell 1957 Robert W. Crabtree 1958 Henry E. Pogue 1959 Paul M. Kendall 1960 Raymond G. Fleming 1961 Morris McBride 1962 W. Boyd Roe 1963 Holmes F. Coats 1964 Chester E. Mason 1965 Harry Rite, Jr. 1966 Bob Hunt 1967 Ralph T. Waldrop 1968 Robert D. Massey 1969 Buddy Parker 1970 David P. Schoepf 1971 Thomas C. Laswell, Jr. 1972 William P. Snyder 1973 Jack P. Rottgering 1974 Nat Sanders 1975 Jim W. True 1976 Don Tucker

1977 R. D. Smith

1978 Charlie Murphy 1979 Joe Guy Hagan 1980 J. T. Graham

1981 Doug Gibson

1982 Don Blevins

1983 Wayne Thomas 1984 Bill Fazenbaker

1985 Joseph G. Schiff

1986 Wade H. Jefferson III

1987 Jim Sewell

1988 Jayne Cox

1989 Glenn Thomas

1990 Rick O. Baumgardner

1991 Kenny Nealy

1992 Evelyn Pusateri

1993 Winston E. Wilson 1994 Jesse H. Kinman

1995 William D. Brambles 1996 Becky Murphy 1997 Linzie T. Craig 1998 John J. Weikel II 1999 John S. Davis 2000 Linda M. Moore

2001 Portia Leftin

2002 Fred Dent 2003 John Chandler

2004 Kenneth Warden

2005 Dot Miller

2006 Carolyn Edwards 2007 Carl Tackett

2008 Robert Damron

2009 Jeff Smith

2010 John W. Smither

2011 Tony Clark

2012 Ann McDonald

2013 John T. May

2014 Ron Hughes

2015 Norman Jones

2016 Lamont Breland

2017 Mike Becker

2018 Steve Cline

2019 Rip Phillips

2020 Lester T. Sanders

2021 Charles Hinckley

With locations throughout Central and Southern Kentucky, our friendly lenders are ready to help you get started today!

Competitive rates, flexible terms and closings usually 30 days or less, are just a few of the things we have to offer.

CONVENIENT LOCATIONS TO SERVE

Make room for more family.

AARP Kentucky is proud to have championed new Accessory Dwelling Unit ordinances in Lexington and Louisville, which offer affordable, multigenerational housing options. Now, you can convert your attics, basements, and garages into livable homes for your loved ones. For more info, visit aarp.org/makeroomforfamilyky

Past REALTORS® of the Year

1956 Wheeler Nickell, Ashland

1957 John Carpenter, Louisville 1958 Paul M Kendall, Louisville 1959 Henry E. Pogue, Jr., Ft. Thomas 1960 Paul Semonin, Louisville 1961 Holmes Coats, Lexington 1962 Morris McBirde, Paducah 1963 Robert Crabtree, Lexington 1964 William Cowger, Louisville 1965 Chet Mason, Newport

1966 Pauline Lewis, Frankfort 1967 William Snyder, Louisville 1968 Robert Massey, Louisville 1969 Ralph Waldrop, Mayfield 1970 Nat Sanders, Louisville 1971 Charles Weisberg, Louisville 1972 David P. Schoepf, Newport 1973 Doug Gibson, Lexington 1974 Thomas Laswell, Owensboro 1975 Jack Rottgering, Paducah 1976 Robert Laswell, Owensboro 1977 Donald Tucker, Murray 1978 Pat Parks, Louisville 1979 Stuart Dalton, Louisville 1980 Ward Elliott, Bowling Green 1981 Joe Pitt, Louisville 1982 Joe Schiff, Louisville 1983 Bill Johnson, Kentucky Barkley 1984 Joe Guy Hagan, Louisville 1985 Charlie Murphy, Lexington 1986 F.E. Whitney, Hopkinsville 1987 Wayne Thomas, Kenton Boone 1988 Evelyn Pusateri, Louisville 1989 Sue Teegarden, Campbell County 1990 Louise G. Hall, Bowling Green 1991 Rick Baumgardner, Hardin County 1992 Becky Murphy, Lexington 1993 Sallie Kirby-Howard, Louisville

1994 Louise Edelen, Louisville 1995 Mary Bellucci, Louisville 1996 Dottie Franck, Louisville 1997 Jess Kinman, Frankfort

1998 John Chandler, Corbin 1999 Linzie Craig, Shelbyville 2000 John S Davis, Paducah 2001 Jayne Cox, Lexington

2002 Portia Leftin, Northern Kentucky

2003 Linda Moore, Pikeville

2004 Tony Clark, Owensboro

2005 Kenneth Warden, Ft. Thomas

2006 Dot Miller, Elizabethtown

2007 Carolyn Edwards, Lexington

2008 John J. Weikel II, Louisville

2009 Ann McDonald, Lexington

2010 Jeff Smith, Crescent Springs

2011 Robert Damron, Pikeville

2012 Jim Sewell, Frankfort

2013 Jim Broadwater, Lexington 2014 Betty Schutte, Louisville 2015 Steve Cline, Bowling Green

2016 Carl Tackett, Georgetown 2017 Norman Jones, Pikeville

2018 Barbara Flannery, London 2019 Lester Sanders, Louisville 2020 Lois Ann Disponett, Lawrenceburg

2021 Lamont Breland, Louisville

2708 Old Rosebud Road, Suite 200, Lexington, KY 40509 TF 800.264.2185 | T 859.263.7377 | F 859.263.7565 www.kyrealtors.com