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SMDRA WEEKLY NEWS & EVENTS • OCTOBER 16, 2020 |
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Threats to First-Time Buyers' Path to Ownership |
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Higher home prices are translating into higher down payments. The median home price is $350,000, according to the National Association of REALTORS®. That means a buyer would have to put down $70,000 (or 20%) on a purchase to avoid private mortgage insurance.
Low down payment loans are available for those who can’t reach that 20% down payment threshold. For example, FHA loans require 3.5% down, which would be $12,500 on a median-priced home.
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NEXT WEEK EDUCATION @SMDRA |
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SMDRA classes will be held on the Zoom online platform in a “Live Online Instructor-Led” format until further notice. Please visit www.smdra.com to view the calendar and register.
Our office/front desk reception area is open for Sentrilock and REALTOR® Store items. We are closed to large meetings/events until we have further restrictions lifted by the Governors Office. Visit the SMDRA website for more COVID Information. Thank you and please be safe.
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ONLINE Tax Reduction Strategies for Real Estate Professionals
Oct 20 - 9am to 11:30am
Members Free / $30 Others
No CE Credits
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ONLINE GRI 106: Ethics & Professional Practice (New Member)
Oct 21 - 9am to 1pm
Members Free / $50 Others
4 CE Credits
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ONLINE New
REALTOR Orientation
Oct 21 - 1:30pm to 3:30pm
Free for Everyone
No CE Credits
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ONLINE 2020 Annual Commission Update
Oct 22 - 12pm to 4pm
Members Free / $50 Others
4 CE Credits
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ONLINE Real Estate Negotiation Expert Certification (RENE)
Oct 28&29 - 9am to 5pm
$195 Members / $215 Others
14 CE Credits
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ONLINE Advanced Contracts II
Nov 3 - 9am to 12pm
Members Free / $40 Others
3 CE Credits
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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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ONLINE Affordable Healthcare Options for SMDRA Members |
DATE: Monday, October 26, 2020
TIME: 9:00am to 10:00am
LOCATION: Zoom Webinar Event
DESCRIPTION: REALTORS® in Colorado (and staff and association affiliates) have a new option that has been made available by CAR, with a cost-sharing solution at its core. This is an increasingly popular alternative to traditional insurance that helps bring the cost of healthcare for enrollees down by 30-50% and provides a well-rounded solution to balancing your healthcare needs and personal finances. This solution does have some temporary limits regarding pre-existing conditions, so it will be important to understand these when considering your options.
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Step-Up for RPAC Challenge
Hosted By: SMDRA YPN
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DATES: October 1 thru 31, 2020
DESCRIPTION: Join SMDRA Members is this month-long challenge, fund-raiser for the REALTOR® Political Action Committee (RPAC). By paying your $25 RPAC donation and accept the invitation for the Step-Up Challenge, you are entered. Your RPAC donation serves as your entry fee for this event, and can be made on the Colorado Association of REALTORS® (CAR).
This event challenge is open to
ALL SMDRA MEMBERS!
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ONLINE Affordable Healthcare Options for SMDRA Members |
DATE: Monday, November 9, 2020
TIME: 11:00am to 12:00am
LOCATION: Zoom Webinar Event
DESCRIPTION: REALTORS® in Colorado (and staff and association affiliates) have a new option that has been made available by CAR, with a cost-sharing solution at its core. This is an increasingly popular alternative to traditional insurance that helps bring the cost of healthcare for enrollees down by 30-50% and provides a well-rounded solution to balancing your healthcare needs and personal finances. This solution does have some temporary limits regarding pre-existing conditions, so it will be important to understand these when considering your options.
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ONLINE Friday Fuze:
Your Neighbor Went to War
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DATE: Friday, November 13, 2020
TIME: 8:30am to 9:30am
LOCATION: Zoom Webinar Event
DESCRIPTION: In 2002 Captain Diggs Brown was called to active duty to fight the Global War on Terrorism. He found himself in Afghanistan training the new Afghan National Army and conducting operations against al Qeada and Taliban. Not only did he fight a war but he voluntarily participated in the rebuilding, supplying, and teaching at a school for the children of a local village. He, along with the chaplain, secured tons of supplies and put forward the effort to rebuild one of the first schools to allow girls to attend after the rule of the Taliban. Diggs also authored a book about his experience titled “Your Neighbor Went to War.”
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SMDRA's Annual Holiday
Toy Drive and Parade of Trees
Benefiting The Boys & Girls Clubs of Denver
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DATE: Thursday, December 3, 2020
TIME: 4:00pm to 7:00pm
LOCATION: SMDRA Parking Lot
DESCRIPTION: As COVID-19 continues to shape our world, SMDRA has learned to adapt and do things differently. These changes will include the 2020 Annual Holiday Brunch and Toy Drive benefiting the Boys & Girls Club of Denver.
GREAT NEWS…SMDRA WILL STILL BE HOLDING THIS EVENT!
This year’s event will be very different and will adhere to current Colorado guidelines. The event will consist of a Drive-Thru Toy Drive and Parade of Trees held on Thursday, December 3, 2020 from 4pm to 7pm.
The SMDRA parking lot will be lit up with decorated holiday trees. The trees will have been donated and decorated by our SMDRA REALTORS and Affiliate Members. Drive through our special winter wonderland while dropping off your toy donations. Our generous sponsors will provide holiday treat delivered to you in your car.
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ONLINE Affordable Healthcare Options for SMDRA Members |
DATE: Monday, December 7, 2020
TIME: 2:00pm to 3:00pm
LOCATION: Zoom Webinar Event
DESCRIPTION: REALTORS® in Colorado (and staff and association affiliates) have a new option that has been made available by CAR, with a cost-sharing solution at its core. This is an increasingly popular alternative to traditional insurance that helps bring the cost of healthcare for enrollees down by 30-50% and provides a well-rounded solution to balancing your healthcare needs and personal finances. This solution does have some temporary limits regarding pre-existing conditions, so it will be important to understand these when considering your options.
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MARKET TRENDS & STATISTICS |
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Get the SMDRA Market Trends & Statistics for September 2020
October 16, 2020 Edition
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CLICK THE IMAGE A short video from Pete Doty, Chair of the SMDRA Statistic Committee and Lonnie Glessner, discussing that now is a great time to buy your forever home - 10-16-20.
Click the button below to download the latest statistic files.
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Consumers Don't Understand
the MLS - That's a Problem AND
An Opportunity
National Association of REALTORS®
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As an industry, we rely on the MLS every day. It’s how we monitor what’s happening across the market; how we cooperate to get sales done; how we offer compensation. We know how valuable the MLS is, even if we often take it for granted.
But here’s the thing: we can’t take it for granted any longer. The MLS is being challenged. If we want to preserve the efficient real estate market it creates, we need to educate consumers about how the MLS benefits them.
Here’s the good news: Those benefits are real and strong. And consumers understand them when they are explained in non-industry language.
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3 Matrix Updates
Happening this Month
REcolorado Blog
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REcolorado Matrix is proud to be an MLS platform for brokers, by brokers. As part of our commitment to data integrity, we evaluate and update the MLS system when needed to better serve you, Colorado brokers. Three updates to data and fields will take place later this month – here’s what you need to know. |
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'Safer at Home' Guidelines for Real Estate - October 12, 2020 Update
DORA - Division of Real Estate
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The Division of Real Estate continues to receive complaints concerning real estate brokers not following state and county-issued guidance regarding COVID-19 restrictions when performing real estate activities. Please be aware that many Orders are still in effect and you should be vigilant to stay in compliance of those Orders for the safety of yourself and others.
DORA recognizes that these orders, while detailed, do not necessarily reach the level of specificity many of our regulated professions desire. Additionally, we know that businesses and professionals are being asked to absorb information from a wide variety of sources, and many amended versions of public health orders. In an effort to provide not only additional clarity on industry and business-specific safety measures, but also to synthesize information from many State of Colorado sources, we ask you to once again review the additional guidance for real estate brokers and services.
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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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Heather Hankins, Chairman of the Board October Video Update |
A video update with Heather Hankins, SMDRA 2020 Chairman of the Board. Heather discusses upcoming events and important updates at SMDRA for the month of October 2020. |
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Launched in November 2018, the Commitment to Excellence Program sets the standard for what it means to be a professional in the real estate brokerage business. The C2EX endorsement is available only to REALTORS®. It is earned through a self-directed program that enables real estate professionals to assess and build on their competency in each of the core areas.
So far, 31 members of the South Metro Denver REALTOR® Association have earned the Commitment to Excellence (C2EX) endorsement from the National Association of REALTORS®
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SMDRA COVID-19 Resource Web Page - Stay Home! Stay Safe! |
Have you checked out the SMDRA COVID-19 Resource Page on smdra.com? During the COVID-19 ‘Stay at Home Executive Order’, it’s important that you check in with your network and be of service to your clients. We created and collected several fun, inspiring and educational assets for you to share with your clients, colleagues, and your community.
Resources just for YOU!
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