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August 2018 CEO Report

DavidFreitagWelcome back from our July break, hopfully you have been able to enjoy our summer weather. I will try to summarize what has happened since our last meeting in June.

June 27th we held an Ethics hearing dealing with a complaint from a member of the public vs a REALTOR member. The conclusions of this case will be presented to the Directors today for approval.  

July 10th and 11th we held our Put-in-Bay CE event with a good attendance. As always this is sponsored by First American Title and we thank them for this great event.

July 14th thru 16th President Elect Marcia and I attened the 2020 Ohio REALTORS leadership and planning meetings in Columbus. This meeting allows the new Presidents to meet their peers from the other Associations in the State, and share ideas.

July 17th we had our change over to Cloud Magic from our server based system. We are still work out the bugs and hopefuly we will be completely trained by the end of August.

August 6th we held the Bob Strayer Memoral Golf Clasic at Eagle Creek in Norwalk. We had a great turnout for this annual event. While the weather did not cooperate, we stil we able to enjoy some golf and a lot of networking after the event.

From August 11th thru 13th I attened with Marcia the 2020 NAR Leadership summit and Showingtime Executive Summit. We had great sessions and speakers. I will report on this information in my next report.

My final thing for this report is some news, the new Federal Housing Administration guidance on condo financing are expected to be released on August 15, 2019 by HUD and will go into effect in mid October.

New Federal Housing Administration guidance on condo financing will give affordability a boost. The rules, expected to be issued August 15th, by the U.S. Department of Housing and Urban Development, will go into effect in mid-October.  Specifically, the new rules will:

1.       1.Extend FHA certifications on condo developments from two years to three years, reducing the compliance burden on condo boards.

2.       2. Allow for single-unit mortgage approvals—often known as spot approvals—that will enable FHA insurance of individual condo units, even if the property does not have FHA approval.

3.       3. Secure additional flexibility in the ratio of investors to owner-occupants allowed for FHA financing in a condo building


David W Freitag RCE, CEORespectfully submitted,

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