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SMDRA WEEKLY NEWS & EVENTS • MARCH 31, 2023
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UPDATE: Department of Justice (DOJ) Litigation Update |
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There is a litigation update for you. Monday, March 27th the Department of Justice (DOJ) filed an appeal in an appellate court seeking to overturn the federal judge’s original decision from January ruling that the DOJ cannot go back on its previous agreement with NAR. This filing was expected and it could take up to two years before the litigation is fully resolved. Regardless of the DOJ’s appeal, we remain confident in our position and that we will ultimately prevail. As stated in the court’s original decision “…not setting aside the CID at issue would deprive NAR of the benefit for which it bargained: the closure of the Antitrust Division’s investigation into its Participation Rule and Clear Cooperation Policy. The government, like any party, must be held to the terms of its settlement agreements…” Below review a recent article from NAR’s 2021 President, Charlie Oppler, which provides a smart perspective on the situation with the DOJ.
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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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ZOOM 2023 Annual Commission Update
Apr 4 - 12pm to 4pm
Member Free / $50 Others
4 CE Credits
Instructor: Ray Sherman
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ZOOM GRI 107: Fair Housing Diversity & Inclusion
Apr 6 - 12pm to 4pm
$50 for Everyone
4 CE Credits
Instructor: Mickey Sanders
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ZOOM In-Depth Contract Review
Apr 11 - 9am to 4pm
Member Free / $50 Others
6 CE Credits
Instructor: John Gillam
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ZOOM GRI 114: Taxes & the RE Professional
Apr 12 - 9am to 1pm
$50 for Everyone
4 CE Credits
Instructor: Mike Moger
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IN-PERSON Buy Your Dream Home with a Reverse Mortgage
Apr 12 - 2pm to 4pm
Members Free / $20 Others
2 CE Credits
Instructor: George Tsoupakis
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IN-PERSON Creating Value with Renovation Loans
Apr 13 - 10am to 12pm
Members Free / $20 Others
1 CE Credits
Instructor: Jeff Zintsmeister
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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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Bias Override: Overcome
Barriers to Fair Housing Certification Course
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DATE: Tues, April 4, 2023
TIME: 1:00pm to 4:00pm
COST: $45 Members / $55 Others
FORMAT: In-Person at SMDRA
INSTRUCTOR: Natalie Davis
CLASS DESCRIPTION: REALTORS® are committed to abiding by fair housing laws and the Code of Ethics. But sometimes, our brains take shortcuts that can lead us astray.
Bias Override: Overcoming Barriers to Fair Housing is an NAR certificate course that helps real estate professionals interrupt stereotypical thinking so they can avoid fair housing pitfalls and provide equal professional service to every customer or client. Participants will learn about the mind science of identity, study how implicit bias can result in fair housing violations, and engage in interactive exercises to enhance communication skills and business relationships with clients of all backgrounds.
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Pricing Strategy Advisor (PSA) Certification |
DATE: Wed, April 5, 2023
TIME: 9:00am to 4:30pm
COST: $99 Members / $129 Others
FORMAT: In-Person at SMDRA
INSTRUCTOR: Steve Olson
CLASS DESCRIPTION: 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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At Home with Diversity Certification Class |
DATE: Tue, May 16, 2023
TIME: 9:00am to 4:30pm
COST: $99 Members / $129 Others
FORMAT: Zoom Format
CE CREDITS: 6
INSTRUCTOR: Mickey Sanders
DESCRIPTION: REALTORS® know the importance of adapting and remaining relevant in today’s marketplace. By developing a business practice rooted in inclusion and equality, REALTORS® can help buyers of all cultural backgrounds achieve the dream of homeownership.
The At Home With Diversity® (AHWD) certification course teaches how to work effectively with diverse populations so you can build business success in today’s multicultural real estate market.
Course Learning Outcomes:
- Formulate an inclusive business plan to help you create an enduring business that is able to adapt and evolve to an ever-changing marketplace
- Learn inclusive, multi-cultural marketing and advertising strategies to broaden your client base
- Develop an increased awareness of cultural and personal biases that may inhibit you from fully embracing diversity and creating a successful multicultural real estate business.
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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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April Power Lunch: Habitat for Humanity - Littleton Builds |
DATE: Thursday, April 6, 2023
TIME: 11:00am-11:20am – Lunch and Networking
11:20 Welcome Announcements & Sponsor
11:30am-1:00pm – Program
TOPIC: Habitat for Humanity
LOCATION: SMDRA Event Center
SPEAKERS: Katie Bonomo, RE Development Project Manager, Jeanne Fischetti, Director of Sponsorships and Maria Chambers, Community Real Estate Coordinator with Habitat for Humanity
SESSION INFORMATION: Habitat for Humanity of Metro Denver is renovating and selling affordable homes in Littleton. These 2, 3 and 4 bedroom homes are available through a partnership between Habitat and South Metro Housing Options (SMHO), which is making 60 total homes available to buyers making up to 80% of the area median income.
POWER LUNCH SPONSOR:
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Affiliate Industry Partners Meet
and Greet Orientation
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DATE: Thursday, April 13, 2023
TIME: 2:30am – 4:00pm
TOPIC: Benefits of Affiliate Membership – Get Connected!
SESSION INFORMATION: The SMDRA Affiliate Committee wants to help you get the most out of your Affiliate Membership.
This is an opportunity to learn about the ins and outs of the SMDRA Affiliate Program and how to get connected, to maximize your SMDRA membership.
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April Connections & Cocktails PLUS - Member Networking |
DATE: Thursday, April 13, 2023
TIME: 4:00pm to 6:00pm – Doors Open at 3:45pm
TOPIC: Connections & Cocktails Networking PLUS - New REALTOR Members
Doors Open: 3:45pm
Event: 4pm-6:00pm
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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SMDRA Texas Holdem Tournament & Casino Night Supporting RPAC |
DATE: Friday, April 21, 2023
TIME: 4:00pm-7:00pm
EVENT: Texas Holdem Tournament & Casino Night Supporting RPAC
COST: $50 Entry Fee
DESCRIPTION: Join us for a Texas Holdem Tournament & Casino Night supporting RPAC! SMDRA is the best place to network and socialize with Members and test out your Card Shark skills!
We will have Colorado Casino Nights facilitate our Texas Holdem Tournament, while you enjoy food and drinks, so be sure to bring along your best poker face, for an evening of fun with friends!
Members & Guests must be 21 years of age to attend.
COST: $50 Entry Includes:
Food & Drinks
1 Raffle Ticket Drawing to Win SMDRA Dues
1000 Game Chips for Texas Holdem Tournament
PRIZES: 1st Place, $250 Gift Card
2nd Place, $150 Gift Card
3rd Place, $50 Gift Card
GAMES: Texas Holdem, Black Jack, Craps and Roulette
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MARKET TRENDS & STATISTICS |
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Get the SMDRA Market Trends & Statistics for February 2023 |
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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Baby Boomers Edge Out Millennials as Top Buying Force
National Association of REALTORS®
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Older adults who have built equity over many years are in the best position to purchase homes in today’s roller coaster market, NAR data shows. |
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Statement from the Colorado Association of REALTORS RE: Colorado Builds Better Legislation
Colorado Association of REALTORS®
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We appreciate the thoughtful work of the bill sponsors and the diverse group of individuals and organizations who have put forward a proposal that purports to increase housing while reducing government restrictions. While we can all point to a wide range of factors that complicate access to housing, the one common denominator in this equation is our long-term, troubling lack of supply |
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It's Official: Nestfully Has Landed!
REcolorado
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If you don’t know already, Nestfully is a public home search site that won’t leave you flying solo when it comes to growing your business. |
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SUPPORT THOSE WHO SUPPORT YOU!
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This edition of the SMDRA Weekly Newsletter is made possible by our Platinum Corporate Sponsors: |
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GET TO KNOW ALL PROSPECTIVE CLIENTS before showing the property. Use your intuition. If you feel uneasy, have someone else with you, or don't show the property.
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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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SENTRILOCK @ YOUR SERVICE |
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IMPORTANT UPDATE from SentriLock Regarding SentriKey
SentriLock®
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Last week our marketing team sent out the below notice to associations that members would be required to update to a minimum SentriKey App of 5.25. (The current version is 5.31.)
The SentriKey App (Version 5.25 and higher) is available on Android OS 10 and up, and Apple iOS 13 and higher. (Here is where we post our minimum operating software requirements.)
Here is a list of Android phones that can upgrade to at least Android 10. Here is a list of Apple phone and the minimum/maximum iOS that they can download.
Here is context to the above upgrade, because with this shift it is common for users to blame SentriLock for “making them upgrade their devices”. But, when we launch our apps, we must send them to Android and Apple for approval. They give us approval based on what operating software they themselves support. At this time, the lowest SentriKey app version that we can support is 5.25, and because of the approval process from Apple and Android, that means all users must update to a minimum of either Android 10 (the lowest operating software Android still supports) and (Apple) iOS 13 (the lowest operating software Apple still supports).
This does NOT mean that members who cannot upgrade to a minimum of Android 10 or iOS 13 need to buy a brand new phone. There are phones that may be a few years old and still compatible with Android 10/Apple iOS 13 and SentriKey 5.25. We would advise members who are needing to upgrade look at options other than a brand new phone, if they are concerned about the incurred cost.
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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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