The Spokane Association of REALTORS®:
ENGAGES its members, ENCOURAGES professional excellence and cooperation,
ADVOCATES for real property rights, and PROMOTES strong, sustainable communities.
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Weekly Notices
June 17, 2022
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New!
How to advise your clients
who feel a property tax valuation
is too high
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The most recent Spokane County property valuations are up 30% across the board. This reflects the historic gains in property values in recent years.
As a real estate professional, you may be joined in conversations with clients, friends, and neighbors on this topic.
SAR Governmental Affairs Director Darin Watkins Zooms with Spokane County Assessor Tom Konis about what the valuation means and what steps a property owner can take if one feels the valuation is not accurate.
The video runs about two minutes:
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The Spokane County Assessor's office recently issued an Assessor Alert on this topic. It begins:
Spokane County Assessor, Tom Konis announced that his office has begun mailing 213,856 real property valuation notices, June 6, 2022.
The assessment of property identified in the notices will be the figure in which 2023 property taxes will be based on. Assessed values of property are provided to the 55 taxing districts as a basis for developing levy rates which are finalized in January 2023 by each taxing district, independently from the Assessor’s Office.
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33% of Declined Mortgage Applications were Eligible for Homebuyer Assistance |
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Based on our analysis, many declined loans could have been recovered with homebuyer assistance.
One-third of all declined purchase mortgage loan applications were declined for either insufficient cash-to-close or disqualifying DTI ratios and also eligible for multiple homebuyer assistance programs at the time of declination.
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WCR's Annual Golf Tournament!
Thursday, June 23rd
Fairways Golf Course
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We are so excited for our upcoming golf tournament and we would love to see you there!
Please join us on June 23rd for a fun day of golfing and prizes!
We'll see you soon!
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Click the link to sign up as a team and/or sponsor today!
Limited spots available.
Join us for a 9 AM shotgun start, 2 PM trickle in & 2:30-5 PM BBQ & Awards!
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SAR Golf Tournament
Thursday, July 21st
Down River Golf Course
Registration deadline:
Friday, July 8th
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Teams of four will start shotgun style at 7:30 a.m. on Thursday, July 21st, at Down River Golf Course.
After a round of golf, we'll gather in the club house for lunch and prizes.
Limited number of spots available.
Don't delay, sign your team up today.
Questions - call Tami Peterson at (509) 326-9222 or Wendy Shiley at (509) 979-6792.
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loanDepot
Appreciation BBQ
Thursday, July 14th
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loanDepot - Spokane is hosting an Appreciation BBQ for our business and industry partners on July 14, 2022 from 11:30am to 2:00pm.
Please join us for our party on the back patio - catered by Toby's BBQ and Hawaiian Style Food & Shaved Ice!
Enjoy great food, wonderful friends, music, games and a whole lot of fun!
Please make sure to RSVP so we have enough food for everyone!
We can't wait to see you there!
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Registration closes at 5:00 p.m. on Friday, July 8th.
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How to Handle an Ethics Violation |
Spokane Association of REALTORS® Grievance Committee member Tim Olsen shares some advice on how to handle an ethics violation.
Click on the image to play a four-minute video created by your SAR Grievance Committee.
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You be the Judge!
An opportunity to learn from real cases in real courts.
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Congratulations to Angela Newcomb, EXIT Real Estate Professionals – May Wake Up Call Gift Card Winner!
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Members with the correct answer
will be entered into
a monthly drawing
to receive a
$15 Wake Up Call Gift Card!
You be the Judge - June
Case #16-8: Unauthorized Use of Information Received from Listing Broker for the Purpose of Creating a Referral to a Third Broker or for Creating a Buyer Relationship.
(Reaffirmed Case #21-14 May, 1988. Transferred to Article 16 November, 1994. Revised May, 2017).
Test your judgement on this issue with a real NAR Case Study:
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Realtors Property Resource® delivers on-the-go access to an all-encompassing real estate platform, available exclusively to REALTORS®, and offered at no additional cost.
Easily accessed through desktop, iOS, and Android devices.
RPR® Webinars are offered several times over several days - there's sure to be an opportunity just waiting for you!
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It is time for the 4th Annual Sip & Sail hosted by the The Realtor YPNs (Young Professionals Network) and WCRs (Women's Council of REALTORS®) in Spokane and Coeur d' Alene.
Join us for a cruise around the lake.
Have a few drinks and get re-acquainted with your colleagues in the industry.
Doors Open at 2 - Boat Leaves at 3PM SHARP!
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Date and time
Thursday, July 7, 2022
2:30 PM – 5:00 PM PDT
Location
The Coeur d'Alene Resort
115 South 2nd Street
Coeur d'Alene, ID
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Washington REALTORS®, be on the lookout. WR has been notified that an older scam is resurfacing.
The scam looks like this:
-Broker is contacted by an out-of-town buyer.
-Buyer is “unavailable” for phone conversations and only communicates via email.
-Buyer offers a significant “deposit” ($100K in this instance) and promises to pay balance on closing.
-Buyer attempts to pay the $100,000 with a cashiers check and then prior to closing, Buyer needs that money back.
-Buyer will demand immediate return of the funds which Buyer will hope to have happen asap and then, later, escrow will realize that the Buyer's original check was no good (even though it was a cashier's check).
Most escrows are wise to this scam and will put the brakes on before Buyer's "check" gets deposited. However, this does nothing to compensate the broker for the time and energy they’ve invested in the transaction.
Be aware and if there’s any doubt of the legitimacy of any Buyer, contact your Designated/Managing Broker.
Members, if you have questions on this topic, or any other real estate related topic, contact our Legal Hotline lawyer.
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New!
Mistaken Identity - Part One
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Are you using the right form?
Does it really matter if I use this form or another to get it done?
It can become a serious matter for Buyer Brokers and Listing Brokers alike if the wrong form is used, especially when you are held to the standard of care of a lawyer in your transaction dealings.
Annie Fitzsimmons, WR’s Legal Hotline Lawyer, begins a new Hotline series called Mistaken Identity: Forms.
The first video addresses the difference between Form 35R and Form 34, and why they cannot be used interchangeably.
The video runs about seven minutes.
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Special Savings on GE Appliances with Your NAR Member Benefits |
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Enjoy Exclusive Offers
for NAR Members
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• Special savings with promotions and rebates
• Convenient in-home delivery, installation, and haul-away services*
• Savings on the suite of small appliances
• Financing options**
For a limited-time only, get an extra 10% off orders over $299 when you refer clients, friends, and family.
***Once you refer, your coupon code will be sent to you via email.
Plus, the people you refer receive free delivery.
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Professional Development
The SAR offers a full schedule of virtual classes to help members satisfy their professional development requirements to keep their REALTOR® status current.
Please be in touch with Tami at the SAR if you have any questions about classes or your license education requirements, by phone at 326-9222 or by email.
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New!
What Else do we Need…
PSA Addenda
with Sabrina Jones-Schroeder
Thursday 6/23 9:00-4:00
6.0 clock hours
You can sign up to take this class in-person at the SAR or you can zoom in.
This course focuses on the addenda which might be added to a Purchase & Sale Agreement - the foundation of the transaction between the buyers and sellers of real estate. Understand the importance of using our local forms including the Spokane Addendum & the Spokane Buyer Representation Agreement. Plus, much more.
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New!
Biggest Bloopers & Blunders we make in our Statewide Forms with Ken Sax
Tuesday, 6/28 9:00-12:30
3.5 clock hours
You can sign up to take this class in-person at the SAR or you can zoom in.
You'll want to check out this class and learn what the bloopers are and how to avoid making the same mistakes!
Don't be that broker!
Ken Sax has been teaching the Purchase & Sale class since 2010.
He's very passionate about REALTORS® being experts on this... after all, your clients think you are!
Ken will be discussing Forms - 21, 50, 51, 22A. 22EF, 22B, 39, 22Q, 35/35R, 35E and 36.
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New!
Purchase & Sale with Sabrina Jones Schroeder
Thursday, 6/30 8:30-5:00
7.5 clock hours
You can sign up to take this class in-person at the SAR or you can zoom in.
This mandatory course will include: An introduction and discussion of intentions, goals, and purposes in properly completing the new Purchase & Sale Agreement; the deposit, parties and property; financing and the financing contingencies, title insurance and transfer and inspections; representations and disclosure; and remaining provisions.
This class must be taken once every four years.
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Class Cancellation Policy:
A refund will be granted until 3:30 p.m. three days prior to the class, after which time there will be a 50% refund.
Anyone not showing up for class will not be given a refund.
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MLS Weekly News and Information |
Keep up with rule changes, get tips and tricks and see the monthly MLS totals.
Don’t forget to check this valuable resource!
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Current Market and Membership Information from your Association: |
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May 2022
Home Sales Report
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May 2022
Year-to-Date Home Sales Report
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May 2022
Member Roster Update
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See the full member-exclusive Market Activity/MLS Statistics online here.
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SAR and Community Calendars: |
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Connect with us any time on these social media channels: |
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