We are in the business of growing your real estate business.

MARCH 3, 2025

Dear Members,

The 2025 RPAC (REALTORS^® Political Action Committee) auction will take place on April 24 at the Tiburon Golf Course from 5-8 pm. The theme is a 1980's Prom, complete with the crowning of a Prom King and Queen. This exciting event is calling for everyone to get dressed up in their finest 1980s prom attire, so don't miss out on the chance to hit the dance floor in style. And your winning bids on auction items will be applied to your 2025 RPAC investment.

By investing in RPAC, you will be supporting political candidates and policies that directly benefit REALTORS^® and the real estate industry. Below are five solid reasons why you should consider investing in RPAC:

1. RPAC is Your Voice

Investing in RPAC ensures the real estate community’s views will be heard in local, state, and policy debates which impact your business. 

2. RPAC Protects Your Bottom Line

Decisions are made every day about how you are regulated and how you are taxed. RPAC is there defending the future of your business from unnecessary regulation. 

3. RPAC Protects Your Customers

RPAC is involved in issues which impact property rights and quality of life for area residents so that all may experience the American dream of homeownership.

4. RPAC Supports the REALTOR^® Party

Candidates who receive support from RPAC are not selected based on their political party or ideology, but solely on their support of real estate issues. The REALTOR^® Party supports the issues that are important to you as a REALTOR^® regardless of political party affiliation. 

5. RPAC is the Only PAC for REALTORS®

RPAC is the only political group in the country organized for REALTORS^® and run by REALTORS^®, existing solely to support issues important to REALTORS^®. No other political group or PAC has you and your business as their sole mission.

Sincerely,

Terrilyn VanGorder

President

MARKET REPORT

January Housing Market Shines with Opportunities

The numbers don’t lie, and that is good news for buyers and sellers navigating the Naples real estate market. According to the January 2025 Market Report by the Naples Area Board of REALTORS^® (NABOR^®), which tracks home listings and sales within Collier County (excluding Marco Island), overall closed sales in Naples increased 12 percent in January to 551 closed sales from 492 closed sales in January 2024. And while annual appreciation has quieted down compared to 2021 and 2022, the median closed price in January increased 9.4 percent to $659,000 from $602,000 in January 2024. (The median closed price is the point where 50 percent of all homes sold were below the figure and 50 percent sold were above the figure.) 

MLS TOOLS

NABOR® INTRODUCES NEW FORM: “ADDENDUM TO SALES CONTRACT – ALLERGENIC MOLDS”

By: Kevin R. Lottes, Esq. and Mike Pepple

NABOR®’s Legal Resources Committee has recently released a new form addendum which, when used in conjunction with the NABOR® “Sales Contract (Residential Improved Property)”, permits buyers to treat elevated levels of penicillium aspergillus or other allergenic molds as a contractually-defined “Defective Inspection Item”. The introduction of this new addendum, entitled “Addendum to Sales Contract – Allergenic Molds”, permits the parties to agree, as part of the Sales Contract, that the elevated presence of penicillium aspergillus or other allergenic molds is to be treated in the same manner as the elevated presence of toxic or pathogenic molds. It is anticipated that the use of this new Addendum will be used by and be helpful to purchasers who may have certain health concerns relating to allergenic molds, including persons who may be immuno- compromised or have other respiratory ailments.

A GUIDE TO THE NEW MANDATORY NABOR® CONDOMINIUM ADDENDUM

By: Sam Saad, Esq. and Jeff Jones

The Naples Area Board of REALTORS® (NABOR®) responded to the recent Florida Legislature changes to Florida Statute Chapter 718 which governs Condominiums. The Addendum to Sales Contract Condominium, effective January 1, 2025, is the result of the changes to the Condominium laws. This is the first time NABOR® has removed references to Chapter 718 in the body of the NABOR® Contract. The new Condominium Addendum replaces and augments the NABOR® Contract and must be included with all new submissions of the NABOR® Sales Contract to preclude the Buyers right to rescind the Contract absent signing the Condominium Addendum. 

Here are the key points from the Legislative Changes that are included in the new Condominium Addendum: (READ MORE IN THE LINK)

AI AND FRAUD

By Christian Ross, Esq. 

Cyber fraud impacted our industry most significantly when title agents, lenders and Realtors® were first impersonated to redirect checks and wires. Companies like CertifID and ClosingLock were created to help combat these crimes, but unfortunately they remain a major concern. The scammers then evolved only five (5) years ago by pretending to be the Seller altogether and selling property that wasn’t actually for sale. Read the full article in the link.

SUBJECT TO DEALS | A DANGEROUS PREDATOR

Designed to look victimless, these transactions are anything but.

By: Christian Ross, Esq. and Kevin Lottes, Esq.

For as long as there have been mortgages, there have been people trying to avoid paying them off. More recently, due in part to high interest rates and lender fees, Buyers are proposing that they buy the Seller’s property “subject to” the existing mortgage staying in place. But, is that even legal? Read the full article in the link.

EVENTS

PROFESSIONAL STANDARDS

Fair Housing Training Requirement

Beginning January 1, 2025, REALTORS® are required to complete Fair Housing/Anti-Bias Training coinciding with each Code of Ethics training cycle.

PROFESSIONAL DEVELOPMENT

DIGITAL COMMUNICATION

View NABOR^® VIDEOS on our YouTube Channel. Share them with your associates and customers!

REALTOR^® STORE

CLASSIC ESTATE KEYS



Crafted with precision and elegance, these key blanks are made from 100% recycled brass. They embody both sustainability and luxury with their intricate detailing and superior craftsmanship. This is an accessory that complements a sophisticated lifestyle and will upgrade a home or office door lock with its high-quality and beautiful design. What a great closing gift!

For sale in the REALTOR^® Store for $29!

SUPRA

If you'd like Supra e-KEY^® activation services, please contact Alyssa at 239-597-1666 or alyssa@nabor.comto schedule a phone appointment.

For Supra questions and troubleshooting services, please contact supra@nabor.com, call 239-597-1666 or contact the Supra support line at 877-699-6787.

PROFESSIONAL DEVELOPMENT

A full range of classes are available for your professional development. Many are free or at a very low cost. View the class schedule at the link on the right.

As March arrives, Naples is in full swing and so is NABOR®! This season is all about creating opportunities and providing resources to help grow your real estate businesses. We encourage you to take advantage of the outstanding events we have lined up this month. Here is what’s happening at NABOR® in March:

• March 7 – Be the Change: Fair Housing and You – Learn about fair housing and how you can be a catalyst for change in the real estate industry.
• March 10 – FR/BAR Contract Seminar – Stay informed and ensure you’re up to date on the latest contract regulations.
• March 12 – MLS Learning Lab – Sharpen your MLS skills and discover tools to enhance your business.
• March 13 – Global Business St. Patrick’s Day Celebration – Join us at the Boston Beer Garden for networking and fun!
• March 19 – Core Law – Keep your legal knowledge fresh and fulfill your continuing education requirements.
• March 19 – YPN Rookie Real Estate Forum – A must-attend for new agents looking to gain insights from seasoned professionals.
• March 27 – Member Business Meeting – Stay engaged and informed about key industry updates and association initiatives.

NABOR® is committed to your success and we look forward to seeing you at these events. Make the most of this bustling season—network, learn, and grow with us!

See you soon!

Board of Director Motions:

MOTION: Made, seconded, and carried that the Board of Directors of the Naples Area Board of REALTORS® and Real Estate Professionals, Inc. (NABOR®) approves the submitted employee 401K financial document.

MOTION: Made, second, and carried, that the Professional Development Committee recommend to the Naples Area Board of REALTORS® and Real Estate Professionals, Inc. (NABOR®) to explore AI Technology that makes NABOR® video content more easily digestible by members. The Digital Content Specialist can make recommendations that staff, our social media vendors and the Tech Team could explore.

MOTION: Made, seconded, and carried that the RPAC Committee recommends to the Board of Directors of the Naples Area Board of REALTORS® and Real Estate Professionals, Inc. (NABOR®) to approve the use of $1,500 in local funds to contribute to Commercial Advocacy Day; an event to be held in partnership with the Southwest Florida Commercial Alliance and Royal Palm Coast Realtor Association.

MOTION: Made, seconded, and carried that the Budget and Finance Committee recommends to the Naples Area Board of REALTORS® and Real Estate Professionals, Inc. (NABOR®) to approve $15,000 for fundraising activities to increase the NABOR Charitable Foundation Scholarship fund.

MOTION: Made, seconded, and carried that the Naples Area Board of REALTORS® and Real Estate Professionals, Inc. (NABOR®) approve that the Symposium Economic speaker event be held in person every year and that the Expo be held as economically as possible, even if held in the NABOR® building.

MOTION: Made, seconded and carried that the Board of Directors of the Naples Area Board of REALTORS® and Association of Real Estate Professionals, Inc. (NABOR®) and M.L.S. of Naples, Inc. approves up to $4,500 for the President and President-Elect to attend the Resort Alliance Annual Conference - 2025. To cover registration, hotel, and other expenses.

We appreciate your membership and strive to help you grow your business.

Sincerely,

MARTY MANION, CAE, RCE, CIPS

Chief Executive Officer

BUSINESS PARTNERS

PLATINUM SPONSORS

GOLD SPONSORS

Goodwin Law, P.A

Sterling Custom Homes & Renovations

Venture Title Services

BRONZE SPONSOR

Hughes Exterminators