Weekly Notices

Friday, June 12, 2015

Real Estate Teams

NEW!

Washington REALTORŽ Legal Hotline attorney Annie Fitzsimmons is back with another of her valuable Legal Hotline videos, this time on real estate teams - in a two-part presentation.

When must a Managing Broker be one of the team members?

What are the advertising rules regarding team names when they are different from the company name?

Get these answers and more in this two-part series devoted to teams.

See the first, eight-minute video online here:

Teams: part one

The second video in this two-part series is on the legal aspects of teams in regards to dual agency.
This is a must-see for all real estate teams.

See the five-minute video, online here:

Teams: part two

Two Real Estate Agents Held at Gunpoint

Two real estate agents were robbed at gunpoint in Florida, last week.

The agents, at different properties and working for different firms, both say they were showing a home to a man when he pulled out a gun and demanded money. The incidents occurred about an hour apart. Both agents escaped unharmed.

The first victim told reporters that the man had scheduled an appointment with her to see a home at 1 p.m., last Wednesday. She prequalified the man over the phone instead of first meeting at her office - a mistake she now warns other agents not to make.

Read a longer version of this story online here.

Police say their suspect visited a WalMart store in the area shortly before the attempted robberies. See the surveillance video of the man online here:

Surveillance video

Lunch & Learn - Safety

NEXT WEEK!

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.

Lunch & Learn - RESPA-TILA

You have probably heard of the changes that are coming to mortgage loan disclosures as a result of the Dodd-Frank RESPA (Real Estate Settlement Procedures Act - TILA (Truth in Lending Act) Integrated Disclosure rule.

These changes go into effect on August 1, 2015.

The SAR has set up two Lunch & Learn events - one on Monday, June 29th, the other on Monday, July 27th - with Greg Britton from HomeStreet Bank to help you get ready for the changes.

Click on the dates below to see the event flyer for that days event.

Monday, June 29th
Noon to 1:30 p.m.
at your SAR

Monday, July 27th
Noon to 1:30 p.m.
at your SAR

REALTORŽ Broker Summits

Two REALTORŽ Broker Summits are coming to Seattle later this summer - August 17 & 18 and August 18 & 19. The second of these will feature a technology edge.

These summits are designed exclusively for designated broker, and broker owner members to come together and learn from presenters, panels and peer leaders in the industry offering fresh insights on current conditions while looking to the future of real estate.

Over two days you will gain valuable insights to make your brokerage and our industry more successful.

Read more about these events, online here.

Earn your CIPS Designation

Spokane Association of REALTORSŽ members are invited to earn their CIPS Designation this summer Calgary!

The Canadian Real Estate Association and Calgary Real Estate Board will be hosting a Certified International Property Specialists (CIPS) Institute in Calgary, Alberta from July 6th through July 10th.

Learn more about this opportunity, 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.

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

Linda Miller presents
The Code of Ethics for Real Estate Professionals

Thursday, July 9 - The Code of Ethics for Real Estate Professionals - with Linda Miller.

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

4.0 clock hours

Sabrina Jones-Schroeder presents

Current Issues in Washington Residential Real Estate

Thursday, July 9 - Current Issues in Washington Residential Real Estate - with Sabrina Jones-Schroeder.

Registration: 1:!5 p.m.
Class: 1:30 p.m. to 4:30 p.m.
at the SAR

3.0 clock hours

Cristi Zacherley presents
Mortgage Awareness for REALTORSŽ

Friday, July 10 - Mortgage Awareness for REALTORSŽ - with Cristi Zacherle.

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

3.0 clock hours

Linda Miller presents
The Truth about Negotiating

Tuesday, July 21 - The Truth about Negotiating - with Linda Miller.

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

3.0 clock hours

In This Issue

Real Estate Teams

Two Real Estate Agents Held at Gunpoint

Lunch & Learn - Safety

Lunch & Learn - RESPA-TILA

REALTOR® Broker Summits

Earn your CIPS Designation

2015 REALTOR® Education

SAR CALENDAR

MLS Fees Due

Open House Winner Claims Certificate

Wire Fraud Alert

Patent Troll Legislation Advances

2015 SAR Golf Tournament

ListHub Report for April

Market Activity Report - May

You Be The Judge - June

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.

MLS Fees Due

3rd Quarter MLS fees have been posted to the SAR member portal. They are due by June 30th.

If you are set up for recurring payments they will be processed between the 8th and the 10th of June and you will receive an email when the payment has been processed.

Please email Brenda at the SAR if you have a question about your fees or contact her by phone at 326-9222.

Thank you!

Open House Winner Claims Certificate

SAR Photo

2015 Spokane REALTOR Open House Weekend event winner, Jeannette Kroft (pictured above, middle), claimed her winner's check this week - a $3,000 project credit from Sullivan Homes.

Kroft also claimed a $450 gift certificate from HouseMaster.

Todd Sullivan (pictured above, right), managing partner of Sullivan Homes presented Jeannette with her - really - big certificate.

Terry Jordahl (pictured above, left), Keller Williams, was the listing broker at the winning house, who receives $250 cash.

Wire Fraud Alert

NAR is receiving an upswing of reports of a particularly insidious wire scam.

It goes like this: a hacker breaks into a licensee's email account to obtain information about upcoming real estate transactions.

The hacker then monitors the account to determine the likely timing of a close, then sends an email to the buyer, posing either as the title company representative or as the licensee.

The fraudulent email contains new wiring instructions or routing information, and requests the buyer send transaction-related funds accordingly.

Unfortunately, some buyers have fallen for this scheme, and have lost money.

Read more about the problem and how you can keep ahead of prevention and damage control, online here.

Patent Troll Legislation Advances

Did you ever think clicking a drop-down menu on a website or pressing the scanner function on a copier without paying someone were illegal?

It is NAR's position that these technologies are not protected by patents and an overwhelming majority of national legislators agree.

Last week, a U.S. Senate committee approved S. 1137 - the PATENT Act - by a vote of 16-4. This legislation is a carefully balanced set of patent litigation reforms that curb abusive patent litigation in the hands of so-called "patent trolls."

Read more from NAR on this issue, online here.

2015 SAR Golf Tournament

Registration is now open for the 2015 SAR Golf Tournament!

Space is limited so register now if you'd like to participate in this popular annual event.

Registration deadline is Tuesday, July 7th.

Event is Thursday, July 16th, at Downriver Golf Course.

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

ListHub Report for April

See the April ListHub report, online here.

Market Activity Report - May

The SAR Market Activity Report for May is now online.

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

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

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

You Be The Judge - June

Here is You Be The Judge for June:

Case #16-7: REALTORŽ's Refusal to Disclose Nature and Current Status of Listing to Another REALTORŽ.

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 Graham Lang, Kestell Company, our May Starbucks card winner!

MAY ANSWER

The Hearing Panel concluded that REALTORŽ B was in violation of Article 1; that he had been unfaithful in his obligations in not advising his client of his conclusion that the property was overpriced, based on the response to his initial sales efforts; and in withholding his best efforts to bring about a sale of the property in the interests of his client.

From case #1-5: Promotion of Client's Interests.

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