S.E.C. Real Estate Observer

Welcome to the summer 2012 issue of the S.E.C. Observer. In this issue, Leo Goseland, S.E.C., 2012 President of the Society, ponders what significant similarities there are between the Fourth of July, Independence Day, and the Society.

As I sat in my study over the holiday, I pondered what significant similarities there are between the above titled events’/entities’ birth, history, and existence today.

In 1881, in Tombstone, AZ, Virgil Earp and his brothers Morgan and Wyatt Earp, aided by Doc Holliday acting as a temporary deputy, confronted outlaw cowboys Billy and Ike Clanton, Tom McLaury and his brother Frank McLaury. Some historians say Ike and Tom were not armed. It did not go well for them. The point is: don’t go to a gunfight without a gun.

As you know, the last four years have featured plenty of glum economic news. Unless you’ve invested in the Bakken region of North Dakota. You see, while the national economy has been stagnant, the Bakken oil boom has been progressing at a breathtaking speed.

In the process of acquiring a building to “double-clutch” to our investor, we found the existing loan-of-old in favor of an insurance company that had financed a national tenant 20 years ago at 4 1/2%. The tenant was now gone, the tax shelter syndicate from across the country had abandoned the property…

I talk to many business people regularly. What is their perspective? What are they doing in today’s times? Currently, in my central Nebraska area, there are many good things going on.

The S.E.C. Education Foundation website has been upgraded and improved, and we hope this will make it easier for you to apply for course and/or moderator support, as well as make donations or pay for auction items.

The S.E.C. National Invitational Marketing Session will be held at the Embassy Suites Portland Airport, 7900 NE 82nd Avenue, Portland, OR, 97220.

The S.E.C. Education Foundation is pleased to present “Creating Powerful Transactions that Close,” presented by James T Wilson, S.E.C., CCIM, EMS, from 9:00 a.m. to 5:00 p.m. on September 16, 2012, in Portland, Oregon. The course is approved for 7 hours of CE credit in Oregon.

The 11th Annual Conference, sponsored by the NYS Commercial Association of REALTORS®, NYS CCIM and SIOR Chapters and Society of Exchange Counselors was held June 18-20 at Turning Stone Resort & Casino in Verona, NY. Practitioners from 11 states and Canada gathered to market their properties and clients’ needs, hear industry updates and take commercial classes.