GSAR Hot News - Central New York housing market cools slightly

Top Headlines for July 2

Central New York housing market cools slightly

Central New York housing market activity slowed during May as buyers continued to be challenged by the ongoing low-inventory conditions, according to the housing market report released today by the Greater Syracuse Association of REALTORS^® (GSAR). The median home selling price rose by 12-percent compared to May 2020, while closed sales were only 2.7 percent above last May’s pandemic-hampered total. Learn more.

New video: NAR attorney delivers legal update during RTB#5

GSAR's Raising the Bar#5 last week featured a legal update from Lesly Muchow, National Association of REALTORS® deputy general counsel and vice president of Legal Affairs and Antitrust Compliance. She covered the NAR-DOJ settlement and related rule changes and NAR antitrust litigation, among other topics. View her slides and watch the video.

Sign your foursome up today for GSAR's Annual Golf Outing;

early-bird rate ends July 6

Get your foursome together and register today for the annual GSAR Golf Outing on Monday, July 19, at The Links at Erie Village! There will be a shotgun start at 10 a.m. You can help yourself to lunch on the turn, and then enjoy the popular steak bake and awards following the tournament. Register by July 6 to take advantage of the early-bird discounted registration of $120 per person. Registration increases to $135 per person on July 7. If you would like to join us just for dinner, you can sign up here for $25 through July 6. The price increases to $40 after that date.

One member of each foursome must register and pay for all members online at cnyrealtor.com/myaccount and then complete the form on this flyer and email it to Christine at teneyck@cnyrealtor.com.

Thank you to our sponsors!

Major sponsors:

Lang Law Office

Greater Syracuse Association of REALTORS®

Central New York Information Service, Inc.

Snack sponsor: Tompkins Trust Co.

Beverage cart sponsors:

Paragon Home Loans

Syracuse Inspections & Property Services, Inc.

Golf Cart sponsor: Howard Hanna Real Estate

Banner sponsors:

Acropolis Realty Group, LLC

AmeriCU

Berkshire Hathaway CNY Realty

Fulton Savings Bank

Genesee Regional Bank

GSAR's Cayuga County Chapter

GSAR's Oswego County Chapter

Solvay Bank

Hole sponsors:

CNY Mortgage Bankers Association

Chapin Real Estate

Empower Federal Credit Union

Genesee Regional Bank

Illuminate Real Estate Service

Oak Tree Real Estate

New York State Commercial Association of REALTORS®

Priest & Silky LLP

Prime Lending

Sweet Homes Chittenango

Weaver, Mancuso, Brightman, PLLC

Supreme Court: CDC lacks authority for eviction ban

In a 5-4 ruling Tuesday evening, the U.S. Supreme Court said the Centers for Disease Control and Prevention (CDC) lacked authority to implement a blanket, nationwide eviction moratorium. Although the court declined to lift the ban immediately, the ruling means the current moratorium will expire at the end of July.

“This is a massive victory for property rights,” says NAR President Charlie Oppler. “For more than a year, mom-and-pop property owners have been pushed toward financial ruin as they upkeep their properties and pay their taxes and mortgages with no income of their own. With the pandemic waning and the economy improving, it is time to restore the housing sector to its healthy, former function. Property owners also deserved this absolute clarity from our federal court system regarding property rights in America to avoid similar financial harm in the future.”

Register today for GSAR's July 22.5-hour continuing education package available at a discounted member rate of $90, down from $240.

Instructors Don Radke and Vaughn Lang, GSAR's legal counsel, will present the first night and weekend CE Package covering ethics, agency, fair housing and more. You can earn all of your CE credits needed to satisfy the DOS requirements without leaving your house! All classes in this package will be delivered via Zoom.

Additional CE packages will be offered in September, October and November. GSAR designed this program to help all members meet their CE requirements including those who may have been previously exempt from CE requirements. Designed with every schedule in mind, some of the packages will be offered on nights and weekends, while others will be offered during business hours.

September, October* and November package classes will be delivered virtually via Zoom.

* A limited number of members will have the option to take the virtual classes in the GSAR office in October. These spots will be filled on a first-come, first-served basis. There will also be a few classes with an in-person instructor.

The non-member package rate is $270, down from $405.

Learn more and register at cnyrealtor.com/CEpackages.

Thanks to our sponsors

MLS Tips

Need to correct square footage in a listing? Enter the correct information and disclose

Did you know? If the tax records show incorrect square footage, you may enter the actual square footage and disclose the difference in the public remarks. Here's the rule for your reference: "Square Footage should match the tax records. If the tax records are incorrect and the square footage is changed from what the tax records indicate, an explanation of the difference must be disclosed in the public remarks. Note – please indicate the source of the adjusted square footage). For reference, Square Footage is area which measured from the exterior is 'above grade 'and heated living area."

Just in from Supra! Register for July training sessions

Supra will be offering live Zoom agent and broker training sessions on their products in July! Attendees will be entered into prize drawings for attending any of these sessions:

eKEY Basic
SupraWEB
eKEY Professional
AND when needed - new feature training

Click here for more information and registration.

Education

July classes offer a variety of learning opportunities

Plan now to advance your industry knowledge and earn continuing education credits during July. GSAR is offering a full schedule of learning opportunities.

5 Steps of The Loyalty Ladder

3 hours CE - Zoom

Instructor: Randy Templeman

July 8 from 1 to 4 p.m.

Real estate sales used to be an “information and inventory” business. Times have changed. As a result, the real estate industry has shifted from an emphasis on properties and transactions to consumers and relationships. This approach encourages licensees to develop methods for building and retaining loyalty with the people they do business with. Real estate agents must recognize that to receive loyalty, they must provide loyalty, a key fiduciary duty. Establishing relationships emphasizes the value of long-term associations with clients by focusing on trust, service and satisfaction rather than on sales transactions. By concentrating on the present as well as future needs of consumers, real estate agents can improve their relationships with clients. Register here.

Tales of Sales

4 hours CE - Zoom

Instructor: Randy Templeman

July 13 from 9 a.m to 1 p.m.

Improve your understanding of selling to achieve the primary goal of buyers and sellers: a closed transaction! Increasing your competency in the history, methods, and steps involved in sales will enhance the overall transaction experience of your clients with increased professionalism and fewer problems.

Flushed with Success: Rural Water & Septic System

3 hours CE - Zoom

Instructor: Mike Smith

July 14 from 9 a.m to noon

Wells and septic systems can be lawsuit-magnets for REALTORS®. The course will cover the basics of commonly used wells and septic systems. The information you gain in this course will allow you to: recommend appropriate testing and inspections of such systems by qualified professionals; display the knowledge needed to discuss alternative solutions with your clients in a credible manner, and avoid delays in the transaction by anticipating issues before they become problems.

Multiple Offers: Handle with Care!

3 hours CE - Zoom

Instructor: Mike Smith

July 22 from 9 a.m to noon

Learn to navigate the ethical, legal and strategic pathways that arise in multiple offer situations. Class discussion will focus on: concerns of the participants; Articles of the Code of Ethics that pertain to multiple offers; red flags; and indisputable facts about handling multiple offers. THIS COURSE SATISFIES 2.0 HOURS OF DOS REQUIRED LAW OF AGENCY TRAINING.

Deeds, Surveys and Land Use

3 hours CE - Zoom

Instructor: Brittany Mattot

July 27 from 9 a.m. to noon

This course includes a comprehensive overview of the various types of deeds, how to interpret them within the scope of a real estate license, and how they affect clients and customers. Other topics to be discussed are: the purpose of title insurance; understanding residential real property surveys; and various types of land use, including commercial, residential, wetlands and agricultural districts.

Upcoming virtual continuing education

• 5 Steps of The Loyalty Ladder

Instructor: Randy Templeman

July 8 from 1 to 4 p.m.

• Tales of Sales

Instructor: Randy Templeman

July 13 from 9 a.m to 1 p.m.

• Flushed with Success: Rural Water & Septic System

Instructor: Mike Smith

July 14 from 9 a.m to noon

• Multiple Offers: Handle with Care!

Instructor: Mike Smith

July 22 from 9 a.m to noon

• Deeds, Surveys and Land Use

Instructor: Brittany Mattot

July 27 from 9 a.m. to noon

• Legal Update

Instructor: Vaughn Lang

July 31 from 12:30-1:30 p.m.

Education links

Weekly webinars and classes weekly calendar on members' side of cnyrealtor.com

Attention REALTOR members! Your NAR Code of Ethics training cycle is coming to an end on December 21, 2021. Please remember to email your Ethics Certificates to education@cnyrealtor.com if you’ve taken the class already.

Reminder: License 'grandfathering'

ended on July 1

No licensee will be exempt (grandfathered) from being required to complete 22.5 hours of approved real estate continuing education as of July 1, 2021. Additional core coursework is also required.

If your license expiration date is July 1, 2021 or later, your education requirements are:

Agency - 1.0 hour (the requirement for first renewal is 2.0 hours)
Fair housing and diversity – 3.0 hours
Ethical business practices - 2.5 hours
Legal matters - 1.0 hour
Electives - 15.0 hours
Total hours of approved CE: 22.5 hours

Member Benefits and Events

Thinking about retirement? NAR's Center for REALTOR® Financial Planning seminars start next week

Due to high demand, NAR’s Center for REALTOR® Financial Wellness has created additional seats for its LIVE: 2021 Retirement Summit four-part series event The dates and topics are:

Retirement Planning Basics - Wednesday, July 7, from 1 -2 p.m. CDT
Getting Retirement Ready - Wednesday, July 14, from 1 -2 p.m. CDT
Planning for the Unexpected - Wednesday, July 21, from 1 -2 p.m. CDT
Legacy and Estate Planning - Wednesday, July 28, from 1 -2 p.m. CDT

You will learn how to plan for retirement, legacy and estate planning, and more. Space is limited! Register here.

Get global insights from international experts during the NAR Real Estate Forcast Summit

In an ongoing effort to keep REALTORS® informed of the forces shaping the real estate market, NAR's next Real Estate Forecast Summit: Global Update will air on July 26 at 2 p.m. ET. With a focus on the changing international real estate market, the free, one-hour webinar will feature experts from Australia, Canada and China. Register here.

Save the Date! GSAR offering safety class in September

GSAR will be presenting "Prospect or Predator? Reduce the Risk of Being Targeted" on Sept. 22 at 10 a.m. via Zoom. The class is presented by Dave Legaz, a REALTOR® and retired NYPD sergeant. He will share known predatory behaviors and proven strategies for real estate professionals to reduce the risk of being targeted on and off the job. Save the date and watch for registration details.

in San Diego

Registration for the NAR REALTORS® Conference and Expo is open to all members. The conference will take place Nov. 12-15 in San Diego. NAR will offer in-person and virtual options for attendees.