Wells Fargo
DC Convention

New Member Benefit: MongoFAX

AREAA members, accelerate your business instantly with this COMPLETELY FREE member benefit. MongoFAX empowers you to instantly fax paper-based documents (disclosure packages, signed contracts, etc.) directly to any email addresses in the world. All you need is an ordinary fax machine and AREAA's designated MongoFAX Cover Page (link below).

Instructions:
1. OPEN Cover Page
2. SAVE Cover Page to Your Desktop
3. TYPE Email Addresses
4. PRINT Cover Page
5. FAX Cover Page with your hardcopy documents through the Toll Free number located at the bottom of the Cover Page

That's it! Your documents will instantly be converted and routed to your desired recipient's email address by MongoFAX's secure, automated systems. No sign ups, registrations or passwords required.



areaa.org/convention

Join the nation's three largest minority real estate trade associations and hear first-hand perspectives on policies that will create sustainable housing opportunities.

Grow your business by meeting top leaders dedicated to the multicultural housing market.

Sessions include:
*REO Market
*Short Sales
*Doing Business with the Federal Government


Limited number of hotel rooms reserved, register today!

Multicultural Real Estate & Policy Conference

AREAA, NAHREP and NAREB are non-profit professional trade organizations dedicated to promoting sustainable homeownership opportunities in underserved communities. Visit the organizations online at www.areaa.org, www.nahrep.org and www.nareb.com

www.areaa.org

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AREAA Statement regarding the nomination of Ted Tozer as President of GNMA

The Asian Real Estate Association of America (AREAA) strongly endorses the nomination of Ted Tozer as the next President of the Government National Mortgage Association (Ginnie Mae). Mr. Tozer is well qualified to lead Ginnie Mae in this turbulent time and help restore liquidity in the marketplace. With over 20 years of experience in capital markets, Mr. Tozer will contribute the direct knowledge necessary to effectively grow Ginnie Mae as it takes on a larger role in the housing and secondary markets.

On behalf of AREAA, Chairman John Fukuda stated the following.

"Ginnie Mae plays a vital role in the health of America's real estate market and the overall economy. AREAA looks forward to working with Mr. Tozer to expand opportunities for more Asian American homebuyers and other underserved communities.

"With FHA's expanded market share, it is imperative that Ginnie Mae is guided by a leader that can adapt to the difficult environment and help create the needed stability in the real estate market. Mr. Tozer is a proven leader that is right for the job and AREAA fully recommends the expeditious approval of his nomination."

New on AREAA Press: Plan now for a great new year!

By Michael Soon Lee, CRS, GRI

If you want to have a successful 2010 it's time to start planning NOW! Leave your fate up to the whims of the market and you're more likely than not to miss your goal.

In a nutshell, here are the steps to planning for a successful new year:

1. Decide how much income you want to make in 2010. Don't forget to include...

Photos from AREAA Arizona Kickoff Luncheon

Featuring guest speaker Lauren Feild, HomeSteps


New on AREAA Press: Three Tangible Ways to Demonstrate Value to Your Clients

By Michael Soon Lee, CRS, GRI

Real estate clients have no idea how much work goes on behind the scenes of a real estate transaction. Unless we can proves that we earn our money they will want to cut our commissions. Here are three ways I show my clients that I earn my money...

a | r | e Fall 2009 issue now available

Read the latest edition of a | r | e magazine online, featuring new AREAA Chair John Fukuda, Las Vegas Chinatown, tips on working with multicultural clients, how to diversify with management skills to enhance your income, and more:

Click here to view the magazine online

New on AREAA Press: Why Consumers Hate Real Estate Commissions

By Michael Soon Lee, CRS, GRI

In my last posting I explained that brokers hate commission-based compensation because it subjects them to tremendous risks. They must spend money on listings that may not sell and their agents' precious time on buyers who may never buy which, in this economy, could easily drive them out of business.

Consumers hate real estate commissions for two major reasons. First, they don't believe that we earn them...