Weekly Notices

Friday, May 22, 2015

Nationwide Broker Data Entry System

The NAR Board of Directors at its 2015 meeting May 16 in Washington, D.C., approved a partnership between NAR and its wholly owned subsidiary Realtors Property ResourceŽ and another company, UpStream RE, LLC, to create a data entry and collection system for the brokerage community using the RPRŽ advanced Multi-list platform (AMP™).

The system will give brokerages a single place to input their listing data for distribution on multiple platforms online, including Realtor.com, local MLSs, and broker websites.

Read more about this new system online here.

Special Session

Washington Governor Jay Inslee called a 30-day special session for our state legislature that started April 29th after lawmakers could not reach agreement on the state's 2015-17 operating budget by the end of the regular session.

Our Washington REALTORSŽ correspondent on the hill, Bill Clarke, shares more in his dispatch from Olympia, online here.

Economic and Housing Market Outlook

NAR Chief Economist Lawrence Yun delivered his Economic and Housing Market Outlook presentation during the Residential Economic Issues & Trends Forum at the REALTORSŽ Legislative Meetings & Trade Expo in Washington, DC, on May 14, 2015.

View the slide presentation online here.

Escalation Addendum

NEW!

Washington REALTORSŽ Legal Hotline lawyer Annie Fitzsimmons returns this week with a fresh video in her continuing series on Strategies for a Competitive Marketplace.

In her new video, Annie explains the Escalation Addendum Form 35E and the Buyer/Seller responsibilities in this multiple offer situation.

Learn more in this eight-minute video:

Strategies in a Competitive Marketplace
Part 7: Escalation Addendum Form 35E

Candidate School

Learn how you can make a difference in politics! NAR is offering its Candidate School in Spokane on Thursday, June 4th.

Learn why you should run for office, how to put together a campaign plan, how to raise money and how to make voter contacts.

See the event flyer (pictured above) online here.

RE Investment Workshop

The Coeur d'Alene Association of REALTORSŽ has a "Real Estate Investment Workshop" approved for both Idaho & Washington and REALTORŽ and Appraiser clock hours.

It is offered next week, Thursday, May 28th, from Noon to 4:30 pm and Friday, May 29th, from 9:00 a.m. to 1:30 p.m. at the Coeur d'Alene Association of REALTORSŽ.

The registration fee in advance is $229 for non-CAR agents and $289 at the door.

See the event flyer (pictured above) for more information, online here.

Lunch & Learn - Auctions & Real Estate

Learn the good, the bad and the ugly in real estate sales by auction at your SAR:

Monday, June 8th
Noon to 1:30 p.m.
at your SAR

See the event flyer, pictured above, online here.

Lunch & Learn - Safety

Learn how to reduce opportunities that make you a target - from a retired deputy sheriff - at this valuable, new Lunch & Learn at your SAR:

Monday, June 15th
Noon to 1:30 p.m.
at your SAR

See the event flyer, pictured above, online here.

2015 REALTORŽ Education

CONTINUING EDUCATION

Quality of Education

through SAR/WR Education Instructors

Here is the latest class listing of your SAR - offering the best live and local continuing real estate education classes for 2015.

Click on each class title, underlined in blue, to bring up a flyer for that class - suitable for posting in your office.

Register for these classes online here:

Please be in touch with Debbie at the SAR if you have any questions about these classes or your license education requirements, by phone at 326-9222 or by email.

NEXT WEEK!

Thursday, May 28 - The Nekkid Truth: Six Principles of Building a Real Estate Business - with Linda Miller.

By popular demand - this all-new class is especially helpful for those just getting their real estate license and asking the question, "What now?"

Registration: 8:15 a.m.
Class: 8:30 a.m. to 12:30 p.m.
at the SAR

4.0 clock hours

How to Work with Difficult People
and Conflict Resolution

CHANGE THE DATE!

Thursday, June 12 - How to Work with Difficult People and Conflict Resolution - with Linda Miller.

Registration: 8:15 a.m.
Class: 8:30 a.m. to 11:30 a.m.
at the SAR

3.- clock hours

Fair Housing: R.E. Licensee Accountability

CHANGE THE DATE!

Thursday, June 12 - Fair Housing: R.E. Licensee Accountability - with Linda Miller.

The SAR highly recommends this class.

Registration: 12:30 p.m.
Class: 1:00 p.m. to 4:30 p.m.
at the SAR

3.5 clock hours

Friday, June 5 - Land and Acreage 200: Rural Property - with Jim Palmer, Jr.

BIGGER! BETTER! This is a new 7.5 hour Land and Acreage class. You may take it whether or not you've already taken the original 4.0 clock hour class. Lots of good information in this new class.

"At some point, every broker will have the opportunity to represent a client in a transaction that involves a well, septic system or acreage," Joe Garst, SAR immediate past president.

Registration: 8:15 a.m.
Class: 8:30 a.m. to 4:30 p.m.
at the SAR

7.5 clock hours

Purchase & Sale Agreement

Thursday, June 11 - Statewide Purchase & Sale Agreement - with Sabrina Jones-Schroeder.

This class is full. Please see below for a second offering.

Registration: 8:15 a.m.
Class: 8:30 a.m. to 5:00 p.m.
at the SAR

7.5 clock hours

Purchase & Sale Agreement

Thursday, July 2 - Statewide Purchase & Sale Agreement- with Sabrina Jones Schroeder.

Registration: 8:15 a.m.
Class: 8:30 a.m. to 5:00 p.m.
at the SAR

7.5 clock hours

In This Issue

Nationwide Broker Data Entry System

Special Session

Economic and Housing Market Outlook

Escalation Addendum

Candidate School

RE Investment Workshop

Lunch & Learn - Auctions & Real Estate

Lunch & Learn - Safety

2015 REALTOR® Education

SAR CALENDAR

SAR Closed Monday for Memorial Day

Crime Prevention Alert

Small Business Survey

2015 SAR Christmas Party

ListHub Report for April

Market Activity Report - April

You Be The Judge - May

Member Roster Update

Suggestion Box

SAR CALENDAR

Click on the image below to see the current SAR calendar

showing dates and times of classes, committees and events.

SAR Closed Monday for Memorial Day

Your SAR will be closed Monday, May 25th, to keep the Memorial Day holiday.

Memorial Day is a federal holiday in the United States for remembering the people who died while serving in the country's armed forces.

Fairmount Memorial Association, through its Heritage Funeral Home, has three days of free events planned for this weekend, including musical concerts, car shows, history displays and complimentary refreshments.

See a complete list of their activities online here.

Crime Prevention Alert

The Spokane County Sheriff's Crime Prevention Unit has received numerous complaints about people going door-to-door in Spokane, using aggressive sales tactics, trying to get homeowners to list their homes through a company called Exceed.

There is an Agent Alert about this on the Spokane MLS.

If any of your clients approach you about this, you may invite them to file a complaint with the Washington State Attorney General's office or our local Better Business Bureau.

Small Business Survey

The economy is gaining momentum and we are starting to see optimism rise among small businesses.

Now in its sixth year, the U.S. Bank Annual Small Business Survey measured the opinions of more than 3,000 small business owners who shared their views on the state of the national and their local economy today, general business conditions and challenges, and their outlook for 2016.

This year the results show small business owners are more confident about the future of their businesses now than at any time in the six year history of the survey.

Optimism is on the rise, businesses are healthier, and they may be on the verge of taking action to expand; however, few are actually seeking credit to do it.

Read the complete report (pictured above) online here.

2015 SAR Christmas Party - Save the Date!

Download an electronic copy of this postcard (pictured above) online here.

ListHub Report for April

See the April ListHub report, online here.

Market Activity Report - April

The SAR Market Activity Report for April is now online.

See the latest report - and archived reports - online here.

See the April 2015 summary report (pictured above) online here.

See the 2015 year-to-date summary report (pictured above) online here.

You Be The Judge - May

Here is You Be The Judge for May:

Case #1-5: Promotion of Client's Interests

Read the case and submit your judgement online here.

Those who decide correctly will be entered in a drawing for a Starbucks coffee card!

Winner to be announced next month.

Congratulations Anne-Marie Ophus, Exit Real Estate Professionals, our April Starbucks card winner!

APRIL ANSWER
The Hearing Panel pointed out that brokers have no hesitation in advising clients that properties are overpriced when this is the case, and they are obligated to be equally candid in providing their best judgment to clients when properties being offered for sale are obviously underpriced.

The panel concluded that in view of the wide discrepancy between the owner's asking price and the property's market value, which REALTORŽ B conceded was apparent to him, it was REALTORŽ B's obligation as an agent to advise his client that the house was worth considerably more, especially since it was apparent that Client A had been away from the community for years and was out of touch with local values. The Hearing Panel found REALTORŽ B in violation of Article 1.

Case #1-15: Obligation to Advise Client on Market Value

See the full text of last month's case, online here.

Member Roster Update

Click here to view the latest Roster Update - listing new and resigned members and companies.

Click here to view the latest list of MLS Subscription Waivers approved by the SAR Board of Directors.

Send a message to Angie at the SAR with any changes.

Suggestion Box