The Spokane Association of REALTORS®:
ENGAGES its members, ENCOURAGES professional excellence and cooperation,
ADVOCATES for real property rights, and PROMOTES strong, sustainable communities.
Weekly Notices
August 12, 2022
Photo shows July event.
Next week!

Third and Final Taco Tuesday!

Tuesday, August 16th 11-1
SAR Parking Lot
Welcome to our third and final Taco Tuesday of 2022 - next week - Tuesday, August 16th, from 11 a.m. to 1 p.m., in your SAR parking lot (1924 North Ash Street).

This is a private event, for broker and affiliate members of the SAR (not a public event).

Bring a friend, bring your team; enjoy complimentary lunch and conversation with your real estate industry peers.

Event catered by Cochinito Taqueria and organized by your SAR Membership Committee - Keri McCombs, chair.
Next week!

Registration deadline extended
to this Sunday - August 14th!

Quarterly Membership Meeting
-and-
Fair Housing Class (6.0 clock hours)
 
Thursday, August 18th
9:00 a.m. to 4:30 p.m.
Includes Class, Lunch,
and Quarterly Membership Meeting
All Real Estate Agents licensed in the state of Washington before 6/1/2022 must have this class before 6/1/2023, per DOL guidelines.
DOL has implemented Substitute Senate Bill 5378.

The bill requires education on Fair Housing for new licensees and renewals.

It applies to real estate brokers and managing brokers and went into effect June 1st, 2022. 

This is part of the required 30-hour continuing education instruction.
 
The first active renewal after June 1st, 2022, must include the 6-hour Washington Real Estate Fair housing class. With every renewal afterward, licensees must complete a 3-hour course.
 
The purpose of this course is to introduce real estate brokers and managing brokers to the federal Fair Housing Act (42 U.S.C. 3601 et seq.) and the Washington Law Against Discrimination (chapter 49.60 RCW) as it relates to real estate transactions.

The course will teach real estate brokers and managing brokers the historical and societal context of housing discrimination, legal framework intended to prevent housing discrimination, and steps to take to prevent housing discrimination.
Not an SAR member?
We'd love to have you join us!
New!

2023 SAR
Initial Slate of Candidates
Your SAR Nominating Committee is pleased to announce its initial slate of candidates for 2023 SAR leadership: 
 
Elizabeth Beatty, Coldwell Banker Tomlinson V
          
SECRETARY
None Specified
 
DIRECTORS
Elizabeth Beatty, Coldwell Banker Tomlinson V
Doug Hagood, Hagood Real Estate and Mortgage
Mary Marr, Windermere Manito
Keri McCombs, Haven Real Estate Group
Heather Schelling, Haven Real Estate Group
    
Additional Candidates 
In accordance with Article XIII, Section 13.2 of the Association Bylaws, additional candidates may be nominated by the REALTOR® members. 
 
For those wishing to nominate a REALTOR® member for an Association Officer or Director position, Nominating Petitions will be available from the Association office Monday, October 10th through Monday, October 24th.
 
Deadline to return petitions is Monday, October 24th!
 
ALL VOTING WILL BE DONE ELECTRONICALLY!

You will receive Notice on Friday, October 28th of the "Final Slate of Candidates". 

Voting begins on Monday, October 31st.
Deadline to fill out ballots will be Wednesday, November 16th, 4:30 p.m.
 
Our new leaders will be announced at our Annual Membership Meeting on Thursday, November 17th, at CenterPlace Regional Event Center.
New!

Spokane County’s frenzied
housing market cools in July
Spokane County’s overheated housing market appears to finally be cooling as inventory spiked and sales in July recorded the greatest year-over-year decrease in more than a decade.

Local real estate experts say, however, that decrease in sales signifies a normalization of the local market from its pandemic frenzy rather than a potential crash.
In the county, 585 single-family homes and condos on less than 1 acre sold in July, a 31.1% decrease compared to 849 homes in July 2021, according to the Spokane Association of Realtors.

“We are comparing the hottest market we’ve ever seen with a market that has cooled a bit,” Tom Hormel, Realtor at RE/MAX of Spokane and 2023 president-elect for the Spokane Association of Realtors, said of July 2022’s statistics.
Next week!

Complimentary Webinar
from Down Payment Resource!
Ever wondered what this graphic means in Paragon?

It means a Down Payment Resource is available on that property.

Take this complimentary webinar to learn more!
August 15th at 10am

Down Payment Programs 101:
What Every SAR Agent Needs to Know

Description:
The main reason your buyers postpone their homeownership dream? Saving for a down payment. Make sure your buyers know about the down payment help available in your market.
Learn the basics about the three most common types of homeownership programs, how to find out who offers this help, and what’s available across the country and right in your backyard! We'll show you how to educate more buyers and start conversations that lead to homeownership.
Next week!

Women's Council of REALTORS®
Mix & Mingle

Thursday, August 18
2:00 PM – 4:00 PM
Prohibition Gastropub
Come Join Us for an Afternoon of Networking, Food, Drink & Fun!

It's summer time and we are ready to Network!

Come join us for great food, a cocktail and quality conversations!

Tickets available until 2 PM on August 17, 2022.

At the door pricing $45 (if space allows).

Food and one drink included.

We look forward to seeing you there!
2022 SAR President Eric Etzel (pictured) appeared on the new podcast Good Gab, this week, to talk about local real estate and the ongoing housing crisis in Spokane.

Host Steve McBride (pictured in caricature) hosts the weekly podcast as a service of Skils'kin - a community-based, nonprofit organization that provides employment services to adults with disabilities, helping them grow and thrive within the community.

The podcast was recorded in the new Central Library media lab in downtown Spokane.

The video runs about a half-hour.
Washington REALTORS®
Fall Business Conference
in Spokane!
Join us September 21st-23rd for our annual
Fall Business Conference in Spokane! 

Help shape the future of your association, hear from influential guest speakers, and network with REALTORS® from all over Washington State. 

Additionally, The Spokane Association of REALTORS® warmly welcomes you to their charity event “A Night at the Carousel!” Proceeds from this event go to 2nd Harvest.

Get your tickets early when you register for the Fall Business Conference with Washington REALTORS®.
Every year, the hosting association for the fall Business Conference creates a Fun Night to share the best of the host community with its guests.

This year, Spokane will show off its best at its 113-year old hand-carved wooden carousel!
Stacey Overtoom and Gina Mosey offer a personal invitation live from the scene of Fun Night - the world-famous Looff Carousel in Riverfront!

The video runs about 30-seconds.
New!

Legal Hotline:
Must Seller Disclose that ... ?
Today's Legal Hotline video reviews a question that our Legal Hotline lawyer, Annie Fitzsimmons, receives on a daily basis:

"Do I have to disclose" (from the Broker), or "Must Seller disclose that... ?" — typically regarding some sort of material information about the Seller's property, such as, being haunted, the location of a suicide, near a homeless camp, or near unpermitted construction work.

Listen in as Annie explains how this situation could make you run afoul of your Agency Law duties (along with details of the Seller Disclosure Act).

The video runs about nine minutes.
New!

FREE August Webinars
2022 Investment Summit
 
Registration open now
Set yourself up for success as you hear from industry experts during the 2022 Investment Summit four-part series event. 

Each one-hour webinar (four parts) will cover useful information geared towards newer agents, but open to all REALTORS® in any career stage.
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.
Not an SAR member? We'd love to have you join us! Please click on the door (above) to register.
Next week!

TransactionDesk Class
with Eric Johnson
Monday, 8/15 1:00-4:00
 
3.0 clock hours
In-person at the SAR
Eric Johnson will be teaching his TransactionDesk on Basic Sale/Listing Creation.
 
You won't want to miss this class!
You'll learn all you need to know about the TransactionDesk.
 
Here are some of the highlights he'll cover in class: Introduction to key features and how to become a paperless office, System Navigation, Settings & Templates, Creating a Sale Transaction, Uploading Signed Documents, Creating an Authentisign Electronic Signing, Archiving Transactions and Receiving & Counter offering an offer.
Next week!

Code of Ethics - Our Promise to Professionalism
with Mike Crowley
Tuesday, 8/16 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.
Remember, you must take a Code of Ethics class once between January 1, 2022 and December 31, 2024. This class meets those requirements.
This class will include the following objectives:
·      Heighten awareness of the key tenets of the Code of Ethics.
·      Appreciation for the role the Code can and should play in professional lives.
·      Enhances professionalism and competency.
·      Encourages REALTORS® to view their Code of Ethics as a living, viable guide in their daily dealings with clients, customers, and the public
New!

What Else do we Need…
PSA Addenda
with Sabrina Jones-Schroeder
 
Tuesday 8/23 9:00-Noon
-and-
Thursday 8/25 9:00-Noon

6.0 clock hours  

Zoom class - Two-day class - both days
 
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.
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.
New DOL Mandatory Education – Fair Housing Requirements
Effective: June 1, 2022
Effective June 1, 2022, the WA Department of Licensing (DOL) has implemented SB 5378.
 
This bill requires ALL Brokers and Managing Brokers to take a Fair Housing class.
 
Brokers and Managing Brokers licensed BEFORE June 1, 2022, will be REQUIRED to take the Washington Real Estate Fair Housing (6-hr)” before June 1, 2023.
 
New agents licensed AFTER June 1, 2022 will be REQUIRED to take the “Washington Real Estate Fair Housing (3-hr)”.
 
Each subsequent renewal will REQUIRE a 3-hour Fair Housing Class. Just like Current Issues in Washington Residential Real Estate, this 3-hours will be INCLUSIVE of your regular 30-hours required for each renewal.
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!
Current Market and Membership Information from your Association:
New!
July 2022
Home Sales Report
New!
July 2022
Year-to-Date Home Sales Report
June 2022
Member Roster Update
See the full member-exclusive Market Activity/MLS Statistics online here.
SAR and Community Calendars:
SAR Document Archive