July 2022 - VOLUME 27 - NUMBER 7

Sauk Columbia Golf Outing

Thursday, August11

2:00-5:00pm

Fairfield Hills Course, Baraboo

Register Now!

Bocce Ball & Backpacks Tournament

Wednesday, August 17

1:00-5:00pm

East Side Club, Madison

Register Now!

RPAC Silent & Live Auction

Wednesday, September 21

Time & Location TBD

Save the Date!

RECENT EVENT HIGLIGHTS

Sauk Columbia Chapter Bags Tournament

Thank you to our sponsors and everyone who attended and competed in this year's Bags Tournament, and to Balanced Rock Winery for providing the perfect setting, delicious drinks, and tasty food. All proceeds will go to the area Boys & Girls Club - it was a beautiful day to have fun and help our community!

Commercial Real Estate Summit

Thanks to our sponsors and all who attended the recent Commercial Real Estate Summit. Thanks also to our fantastic presenters, Cori Lamont (WRA), Mark Eppli (UW Madison James A. Graaskammp Center for Real Estate), and Matt Wachter (City of Madison Department of Planning, Community, and Economic Development), as well as the RASCW Commercial Services Committee for making this event such a success! If you missed it, click here to view the presentation slides.

Leadership Nominating Committee Report and Petition Notice

The Leadership Nominating Committee of the REALTORS® Association of South Central Wisconsin has announced the following nominees for the open seats on the RASCW Board of Directors. The new Directors will be elected in September to serve three-year terms beginning in January 2023.

Lexie Harris, EXIT Professional Real Estate, Broker-owner, Class II Firm (<26)

Tony Keuntjes, Oakbrook Corporation, Non-residential (broker or agent)

Sona Olson, Real Broker LLC, Broker-owner, Class I Firm (26+)

Ben Samson, Park Bank, Affiliate

The Leadership Nominating Committee was charged with selecting one nominee for each directorship to be filled on the Board. Additional Members meeting the criteria for the Director position to be filled may appear on the ballot if they agree to the time commitment involved and are supported by a petition signed by 25 or more Members (no more than 10 from their own company).

Petitions must be received at the RASCW office before August 15, 2022. Click here for the Petition form and Board Time Commitment. If you have questions on the petition process, please contact Janine Smith, janine@wisre.com or 608-240-2800 ext 0206.

Ballots will be made available to all Members in good standing by September 1, 2022. If there are no contested directorship positions, ballots will not be made available and the Director Nominees shall be declared duly elected by the RASCW Board of Directors at their September business meeting. Members serving on the Nominating Committee: Chair Melissa Bjerke Markgraf, Jeff Hoeye, Tony Tucci, Michelle Gille, Jason Geiger, Storm Miller, Andrea Potterton, Joe Luther, and Carla Nowka.

2022 Movin' Out Fundraiser: Save the Date & Call For Sponsors

The RASCW Affordable Housing & Equal Opportunities Committee is excited to continue our support for the local organization Movin’ Out by hosting this year’s fundraising event on Saturday, September 17, which, for a second year, will be a Madison Forward soccer game! Watch the video on the right for a recap of last year's event, and save the date and plan on joining us this year!

We’re also looking for sponsors for this event. Click here for the sponsorship details and form. All sponsorships are sold first come, first serve, so don't wait!

July Member Spotlight

Through our Member Spotlight Series, RASCW highlights members' work and community involvement, and shares their real estate stories to help empower others to successfully pursue a real estate career and be an engaged member of our industry.

Our July Spotlight is Marine Yoo, a Broker with Big Block/Yoo Realty Group. Marine has been practicing real estate for six years after working as a night shift cop in Madison. Click here or the image above for Marine's complete spotlight!

If you'd like to be considered for our Member Spotlight, click here to access an online form to complete. While we can't guarantee that everyone who provides responses will be spotlighted, we will do our best to highlight as many members as possible over time. Please contact Erin Volland (erin@wisre.com) with any questions.

RASCW Minority Scholarship

For over 20 years, RASCW, through the Affordable Housing & Equal Opportunities Committee, has supported diversity in the real estate industry with the Minority Scholarship. This program was developed to help achieve an increase in minority real estate practitioners by providing financial assistance and support to minorities who are interested in pursuing a career in real estate – recipients receive nearly $1,500 in waived start up fees and dues.

Click here for more information about the scholarship, including application instructions and testimonials from some past recipients about how the scholarship impacted their path to a career in real estate. Please encourage any individuals you feel would benefit from this scholarship to apply, and feel free to contact us with any questions.

WRA Announces Changes to Real Estate Transaction Forms

The WRA recently announced updates to five real estate transaction forms, mandated for use starting July 1: WB-24 Option to Purchase, WB-40 Amendment to Offer to Purchase, WB-41 Notice Relating to Offer to Purchase, WB-44 Counter-Offer, and WB-45 Cancellation Agreement and Mutual Release. Click here to learn more about these changes and to access the new forms.

WRA Legislative Priorities and Why REALTORS® Invest in RPAC

The REALTORS® Political Action Committee (RPAC), the real estate professional's mechanism for political action, makes a significant and positive impact on our industry and communities every year. During the last legislative session, the WRA lobbied the Wisconsin legislature to help cut property taxes by $650 million, providing $300 in property tax relief for the typical homeowner. In addition, the state budget maintained strict levy limits on how much local governments and technical colleges can charge property owners to pay for local services. This is just one example of how RPAC can make a real difference in REALTORS®' lives and businesses, and what investing in RPAC can help make happen.

Click here or the video above to hear why fellow Wisconsin REALTORS® have chosen to invest in RPAC, and here for an outline of the WRA 2022 Legislative Report and current priorities, including broadband expansion and a framework for homeowners associations, and to make a contribution to RPAC.

Home Buyers Round Table Seeks Homebuyer Education Instructors

The Home Buyers Round Table of Dane County (HBRT) now has homebuyer education classes scheduled for the rest of 2022 and is looking for speakers to help teach those courses. Active members of HBRT (for at least one year) who are lenders, Realtors®, home insurance providers, or inspectors are eligible. Click here to learn more about these classes, as well as HBRT and its mission.

If you are interested in presenting at an upcoming class, please sign up for the date you are available by clicking here. If you have questions, please contact Laura Stanfield (lstanfield@wintrustmortgage.com) or Maria Davila (mdavila-martinez@cityofmadison.com).

June 2022 Membership Updates

Click Image Above for July Asking Lease Rates