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SMDRA WEEKLY NEWS & EVENTS • SEPTEMBER 30, 2022
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Mortgage Rates Jump Even Higher After Fed Hike |
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The monthly mortgage payment on a $400,000 loan is about $2,470 compared to $1,660 a year ago, according to NAR. After the Federal Reserve raised its key short-term benchmark rate by another three-quarters of a percentage point on Wednesday, the average for the 30-year fixed-rate mortgage climbed to its highest level in 14 years, remaining above 6% and hitting more home buyers’ pocketbooks. It’s the fifth time this year the Fed has taken aggressive action to try to tame 40-year-high inflation. |
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SMDRA classes are offered IN-PERSON and on the ZOOM ONLINE platform in a live, online, instructor led format. Be sure to note where each class is held. Visit smdra.com for details.
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IN-PERSON Camera to Close 1: Intro to Video Marketing
Oct 3 - 2:30pm to 4:30pm
$39 Members / $49 Others
0 CE Credits
Instructor: Lana Kuznetsova
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ZOOM GRI 107: Fair Housing Diversity and Inclusion
Oct 4 - 9am to 1pm
$50 for Everyone
4 CE Credits
Instructor: Mickey Sanders
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IN-PERSON NAR Code of Ethics
Oct 5 - 9am to 12pm
Members Free / $40 Others
3 CE Credits
Instructor: David Barber
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ZOOM 2022 Annual Commission Update
Oct 6 - 12pm to 4pm
Members Free / $50 Others
4 CE Credits
Instructor: Ray Sherman
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IN-PERSON Camera to Close 2: Making Video Better
Oct 10 - 2:30pm to 4:30pm
$39 Members / $49 Others
0 CE Credits
Instructor: Lana Kuznetsova
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IN-PERSON Protect Your & Your Client's Assets
Oct 11 - 9am to 12pm
Members Free / $40 Others
3 CE Credits
Instructor: Steve Olson
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FREE EDUCATION FOR SMDRA MEMBERS!
ALL CLASSES except designations and certifications are FREE for SMDRA members.
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UPCOMING DESIGNATIONS & CERTIFICATIONS |
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2022 Real Estate Market Shift
Adjust Your Business Strategies
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Are you adjusting your business strategies with the shifting real estate market? Re-thinking your business plan and adjusting to the buyer's or seller's changing needs and expectations is just one way to capture business. Learn how to improve your productivity in a changing market with eight areas of business strategies to master. |
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Pricing Strategy Advisor (PSA) Certification |
DATE: Wednesday, October 24, 2022
TIME: 9:00am to 4:30pm
COST: $99 Members / $129 Others
FORMAT: In-Person at SMDRA
INSTRUCTOR: Steve Olson
SESSION INFORMATION: The Pricing Strategy Advisor (PSA) certification is specifically designed to enhance your skills in pricing properties, creating CMAs, working with appraisers, and guiding clients through the anxieties and misperceptions they often have about home values.
- The purpose and benefits of CMAs, and how to guide clients through them
- Terminology of pricing and valuation
- The Code of Ethics as it relates to pricing
- How to identify appropriate comparables, and where to find information about them
- The role of supply and demand in pricing
- How to adjust comparables
- Specific challenges and special situations in making adjustments
- How to work with appraisers
- How to hone your pricing skills and practices
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Seller Representative Specialist (SRS) Designation |
DATE: Tue & Wed, November 15&16, 2022
TIME: 9:00am to 4:00pm
COST: $195 Members / $215 Others
FORMAT: On-Line Zoom Format
INSTRUCTOR: Mickey Sanders
SESSION INFORMATION: The Seller Representative Specialist (SRS) designation is the premier credential in seller representation. It is designed to elevate professional standards and enhance personal performance. The designation is awarded to real estate practitioners by the Real Estate Business Institute (REBI) who meet specific educational and practical experience criteria.
What You Gain
The SRS Course will redefine your "normal" and reinvent the way you represent sellers. It provides a comprehensive foundation of skill development, training and resources to help real estate professionals represent the interests of sellers in today’s marketplace.
Students learn to:
- Increase listings and grow their business
- Demonstrate and communicate their value package to seller clients
- Understand and apply the Code of Ethics & Standards of Practice
- Understand and comply with state license laws when representing sellers
- Understand and apply methods, tools, and techniques to provide support and services that sellers want and need
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SUPPORT THOSE WHO SUPPORT YOU!
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This edition of the SMDRA Weekly Newsletter is made possible by the following businesses: |
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POWER LUNCH: Wildfire Preparedness in the Metro Area |
DATE: Thursday, Oct. 6, 2022
TIME: 11:00am-11:30am – Lunch and Networking
11:20am-1:00pm – Program
TOPIC: Wildfire Preparedness in the Metro Area
LOCATION: SMDRA Event Center, This is an IN-PERSON EVENT
SPEAKER: Tom Welle, Principal of Wildfire Preparedness Services
SESSION INFORMATION: Join us for this IMPORTANT and informative discussion regarding Wildfire and its relationship to home destruction. Tom Welle with Wildfire Preparedness Services will help us understand not only the conditions that contribute to wildfire but ways we can predict it’s behavior, the types of wildfire and steps we can take to reduce the ignition of structures. Tom will also share local resources and information about Douglas Counties Mitigation Program. This is one you don’t want to miss both personally and professionally.
POWER LUNCH SPONSOR:
Equity Title of Colorado
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Connections & Cocktails PLUS |
DATE: THURSDAY, October 13, 2022
TIME: 4:00pm to 6:00pm – Doors Open at 3:45pm
TOPIC: Connections & Cocktails Networking
SESSION INFORMATION: The second THURSDAY OF EACH MONTH (4:00pm-6:00pm), SMDRA hosts Cocktails & Connections. A networking opportunity complete with light appetizers and cocktails. Each session will have a focus to educate members about ways to get involved, make industry connections and of course an opportunity to meet and connect with other SMDRA REALTOR® and Affiliate Industry Partner Members.
THIS MONTH IS A CONNECTIONS & COCKTAILS PLUS! Open to ALL MEMBERS, this special quarterly edition of Connections & Cocktails will be catered towards our new members, helping them get plugged in, showing them how to maximize their benefits, and swearing in new REALTORS® that have completed our New Member Orientation. A chance to welcome and meet new SMDRA Members!
CONNECTIONS & COCKTAILS SPONSOR:
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Hygiene Helper Drive:
Supporting Integrated Family Community Services
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DATE: October 13, 2022
LOCATION: South Metro Denver REALTOR Association Event Center
TIME: 1:00pm to 5:00pm
Donation collection will take place during the October 13, 2022 as a Drive-Thru in the Parking Lot and in the Event Center at the Connections & Cocktails Event
CHARITY: Integrated Family Community Services
CCIC members will be present to collect your generous donations to help our neighbors make sure they have the items they need to take care of their families.
Integrated Family Services needs our HELP! This is a different kind of community support drive for SMDRA, IFCS provides food access to any person experiencing food insecurity. Let’s help them provide toiletries in each grocery box distributed. We know we’re better together, so we’ve teamed up with IFCS to help our community ‘sparkle’!
Toiletries needed:
- Toothbrushes
- Toothpaste
- Shampoo
- Conditioner
- Toilet Paper
- Paper Towels
- Diapers – any size
- Baby Wipes
- Baby Shampoo
- Feminine Hygiene Products
- Deodorant
- Bar Soap
Donations and Check/Cash will be collected at the South Metro Denver REALTOR Association at the Drive-Thru in the Parking Lot and during the October 13, 2022 Connections & Cocktails Event
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2022 Inaugural & Awards Ceremony - We Are One! |
DATE: Wednesday, November 2, 2022
TIME: 4:00pm to 8:00pm
LOCATION: Highlands Ranch Mansion - 9950 E Gateway Dr, Highlands Ranch, CO 80126
COST: $55 per person
Incoming Chairman of the Board Janet Marlow and the SMDRA Board of Directors Request the Honor of Your Presence at the South Metro Denver REALTOR® Association’s 2022 Inaugural & Awards Ceremony, on Wednesday, November 2, 2022 from 4:00pm to 7:00pm at the Highlands Ranch Mansion. Cocktails and food will be served, cost is $55 per person. Business Casual Attire is recommended.
Program Schedule:
4:00pm-4:30pm – Cocktails & Networking
4:30pm-6:00pm – Program & Awards
6:00pm-8:00pm – Celebration, Food & Music
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POWER LUNCH: Department of Real Estate (DORA) Latest News and Updates |
DATE: Tuesday, November 15, 2022
TIME: 11:00am to 1:00pm
Event Agenda:
11:00am to 11: 20am: Lunch & Networking
11:20am to 11: 30am: Welcome/ Announcements/ Sponsor Recognition
11:30 to 1:00: Program Presentation
TOPIC: Department of Real Estate (DORA) News and Updates
LOCATION: SMDRA Event Center, This is an IN-PERSON EVENT
SPEAKER: Marcia Waters, Director, Department of Regulatory Agencies Real Estate Division
SESSION INFORMATION: Join us to hear from Marcia Waters, Director of the Division of Real Estate, as she gives an update on the CREC (Colorado Real Estate Commission) and changes happening within the Real Estate Division of DORA. This is your opportunity to meet with the Division Director, be informed of important changes and ask questions. This popular annual Power Lunch will fill up fast- seating is limited so please be sure to RSVP.
POWER LUNCH SPONSOR:
2-10 Home Warranty
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MARKET TRENDS & STATISTICS |
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Get the SMDRA Market Trends & Statistics for August 2022 |
CLICK THE IMAGE to visit the Housing Market Trends and Statistics Resources page on the SMDRA website for the latest statistics resources.
Click the button below to download the latest statistic files.
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CFPB Might Make COVID-Era Mortgage Measures Permanent
National Association of REALTORS®
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The Consumer Financial Protection Bureau is seeking information to possibly make pandemic-era foreclosure prevention and automatic refinancing programs permanent features of the mortgage market.
The Thursday request for information for rulemaking is seeking input from lenders and other interested parties on ways to automatically allow financially vulnerable borrowers—due to natural disasters, pandemics and other events out of their control—to pause payments and extend the loan maturity date. Such automatic protections could also help mortgage servicers, the CFPB said.
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Fall Market Providing Opportunities for Buyers
Colorado Association of REALTORS®
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CAR’s August Market Trends report shows most median home prices in Colorado are up 10 % from last year’s numbers. Despite higher interest rates, multiple cash offers are a thing of the past. “It’s a great, great opportunity,” said CAR Spokesperson Matthew Leprino. It’s better than it’s been in three years for buyers. Yes, interest rates are higher, and prices are not as low as they used to be. However, people don’t have to pay above asking anymore and so it’s an opportunity for them to get in now. |
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RPR Launches
Improved Mobile App
REALTORS Property Resource
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Back in February of 2021, RPR (Realtors Property Resource®) released a refreshed version of its website. The desktop version of RPR was revamped and redesigned from top to bottom, giving users a fresh, powerful and more streamlined user experience.
Fast forward to now and our team of ace developers are at it again! This time around, we’re launching a new and improved version of the RPR Mobile™ app.
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SUPPORT THOSE WHO SUPPORT YOU!
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This edition of the SMDRA Weekly Newsletter is made possible by the following businesses: |
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INTRODUCING...
The 2022-23 SMDRA
Member Benefits Guide
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From the brand-new REALTOR® member who could use some guidance and support in all things real estate, to a seasoned veteran who is searching for ways to take their business to the next level, we’ve got you covered! Come see all the benefits you have at your fingertips to make your business soar!
Take a LOOK at how SMDRA Membership...
• Saves you $$
• Gives you marketing tools
• Helps keep you safe
• Is all about your business
• And some very cool extras!
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NEW SMDRA REALTOR Member Benefit - Introducing Forewarn! |
SMDRA is thrilled to announce a COMPLIMENTARY proactive safety and lead intelligence service for all SMDRA REALTOR Members!
Quickly becoming the industry standard for safety and prospect intelligence, FOREWARN is a revolutionary application that allows agents to have instant due diligence on prospects. In seconds, with as little information as a phone number or name, SMDRA REALTOR Members can verify a prospect’s identity, criminal records, bankruptcies, liens, judgments, address history and property records all in one place, leading to safer and more productive interactions.
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RPAC VICTORIES: How Your Investment Helps Your Business |
DID YOU KNOW - RPAC support increased fire mitigation defensible state tax credits, state-matched funding for local mitigation projects, and funded bills that help improve forest health.
DID YOU KNOW - RPAC opposes efforts to apply a sales tax on services like real estate, mortgage loans, title work and other services in a real estate transaction.
DID YOU KNOW - RPAC is recognized as one of the most non-partisan political action committees in the country. This is not a Republican Party group, it is not a Democratic Party group…it is the REALTOR® Party, supporting candidates who support the American Dream of home and business ownership.
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SENTRILOCK @ YOUR SERVICE |
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SentriLock Resources
at Your Fingertips!
SentriLock®
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Did you know there a HUGE LIBRARY of information right at your finger tips for all things SentriLock? Here's a few links to check out:
For Lockbox Support:
513-618-5800
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CORPORATE SPONSORS & PARTNERS |
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Interested in advertising in our newsletter?
DOWNLOAD the current SMDRA Scoop Rate Sheet for information!
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