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Forms Class
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Special SAR-edition Class!
Friday, March 12th
Washington REALTORS® is offering a series of online, interactive classes with our Legal Hotline lawyer that will go over what you need to know for the new 2021 forms revisions.
Previously scheduled classes with WR are full. Send an email to be put on the wait list:
Forms revisions will be published for use by members on March 3rd.
Sign up now for a special SAR-edition of Annie's class:
Friday, March 12th; 9 a.m. to 12:30 p.m.
3.5 clock hours
Washington REALTORS® offers a recording of one of Annie's recent forms classes - it's the same content as a live class but does not qualify for clock hours.
If you'd like to watch it, the three-hour class is online here:
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New Forms, Hot Topics & Other Industry Fun
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Forms Changes
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This newsletter includes important information about upcoming forms changes, including: Legal Bulletin, Samples of Revised Forms, & Forms Update Classes.
Please read through this information carefully and be in touch with your SAR if you have any questions.
There are many NWMLS/Statewide forms being revised and several new forms that are being released on March 3, 2021.
There are significant revisions to the Purchase and Sale Agreements, the Financing Addendum, the Inspection Addendum, and the Escalation Addendum.
Other forms revisions are not substantive and include minor clarifications and updates to outdated vernacular.
Legal Bulletin 219, which summarizes the forms revisions, and SAMPLE versions of the revised forms are linked below for review purposes - in both clean and redline formats:
Many forms will be available for order in hard copy from NWMLS on February 23, 2021 - please allow extra time for printing and shipping.
The forms will be published for use on TransactionDesk on March 3, 2021.
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RPR: Refreshed Version Live Now!
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That's Who We R
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The National Association of Realtors®, this week, unveiled the newest iteration of its successful "That's Who We R" national branding campaign.
Created in partnership with Havas Chicago, the series of television spots emphasize the positive impact Realtors® have on their clients and the communities they serve.
The campaign advances NAR's advertising strategy to further distinguish Realtors® - members of the National Association of Realtors® and guided by the association's Code of Ethics - from non-member agents and listing apps.
Enjoy the new 2021 television and radio spots online here.
NOTE: Because of licensing restrictions, this content is not available for local association or member use.
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Dangerous Business Practices
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Washington REALTORS® Legal Hotline lawyer Annie Fitzsimmons is seeing some dangerous business practices occurring in this seller's market.
So, this week, Annie continues a new video series with RE/MAX Integrity Owner Broker Paul Blumenstetter to focus on these dangerous practices with a goal of helping us all avoid them.
In Part 5 of this series, Annie and Paul discuss the practice of listing brokers with offer instructions suggesting that the buyers remove the "Information Verification" paragraph from Form 21. Contrary to what some brokers believe, they explain WHY the Information Verification Provision is actually beneficial to the seller.
The video runs about 10-minutes:
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Dangerous Business Practices in a Sellers Market, Part 5
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The fourth video in this series is online here - Annie and Paul talk about the risks for both sellers and buyers who have pre-inspections performed on properties for sale.
The video runs about 15-minutes:
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Dangerous Business Practices in a Sellers Market, Part 4
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The third video in this series is online here - Annie and Paul discuss the dangerous practice of buyers, who are often frustrated that they're unable to get a property, who choose to make offers that waive all inspections. They'll cover risks to the buyer, buyer's broker, and listing broker.
The video runs about 17-minutes:
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Dangerous Business Practices in a Sellers Market Part 3
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The second video in this series is on-line here - in this video, Annie and Paul discuss dangerous practices on behalf of buyer broker's and how to protect yourself and your firm from future lawsuits if your buyer decides to make risky offers.
The video runs about nine-minutes:
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Dangerous Business Practices in a Sellers Market Part 2
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The first video in this series is online here - it covers things Annie is seeing from listing brokers.
The video runs about 20-minutes:
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Dangerous Business Practices in a Sellers Market, Part 1
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SAR Professional Development
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SAR Professional Development
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.
TODAY!
Successfully Selling HUD Homes
Friday, February 26
9 a.m. to noon
This course will prepare you to successfully sell HUD Homes. You'll learn the NAID application portal; how to find inventory and place bids; bidding tips and understanding bidding timelines; how to understand HUD's contract and addendum's and so much more.
NEW!
Purchase & Sale with Sabrina Jones Schroeder
THIS CLASS REQUIRES A SPEAKER & YOU TO BE ON CAMERA. BE PREPARED!
Two day Zoom class - both days required
Tuesday 3/9 8:30 am - 12:30 pm
Thursday 3/11 8:30 am - Noon
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.
Success Basics for Landlords and Property Managers with Eric Bessett (Zoom class) Wednesday 3/17 1:00 pm - 4:00 pm THIS CLASS REQUIRES A SPEAKER & YOU TO BE ON CAMERA. BE PREPARED! This course is divided into three distinct sessions: (1) Landlord-Tenant Law (including SB5600), (2) Forms, Notices & other documents (3) Practical, Real-World Best Practices. Come receive a comprehensive overview of how to property navigate the legal, practical and technical landscapes within this housing segment. 3.0 clock hours
Enter code 199WB and get
all of 2021's webinars for $199!
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SAR CALENDAR
Click on the image below to see
the current SAR calendar showing dates and times
of classes, committees, and events.
Other regional calendars:
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SAR 2021 Dues Past Due!
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LAST CHANCE THIS WEEKEND!
Your SAR dues for 2021 are now past due.
Thank you if you have already paid them!
Annual Dues must be received or postmarked by February 28th, and must include the 10% late penalty, in order to retain your membership and access to the MLS system.
Click on the image above to pay your SAR dues for 2021 online now.
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Homes in High Demand
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The Spokane Association of Realtors' January report showed there was about a 10 day supply of homes in January 2021.
In January 2020, it was a one month supply. Anything under a three month supply is a sellers market, said Eric Johnson, a realtor and president of the association.
"I've been doing this 26 years and I can't remember a time when it was lower," he said.
Normally during the winter months, they have lower sales and fewer listings, however there are just many buyers looking during a time where there aren't as many homes for sale.
"I think this is probably one of the busier winters we've ever had," he said.
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Eviction Moratorium
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NEW!
In Spokane, selling a home is becoming more lucrative right at the moment that renting property is becoming more difficult.
"We're seeing large double-digit price increases in price year to year. The Demand for housing in Spokane is about to skyrocket," says Darin Watkins, government affairs director for the Spokane Association of Realtors. "I am telling you a tsunami is coming."
Read the full article in this week's edition of the Inlander, online here.
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Race and Home Buying in America
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NEW!
Minority homeownership stubbornly lags behind the national rate, with Black Americans facing some of the toughest hurdles to achieving this essential part of the American Dream, according to the National Association of Realtors®.
The homeownership rate for Black Americans - 42% - is nearly 30% less than the rate for white Americans - 69.8%.
The U.S. homeownership rate stands at 64.2%, with the rates for Asian and Hispanic Americans at 60.7% and 48.1%, respectively.
Read the 2021 Snapshot of Race and Home Buying in America report online here.
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WR Spring Business Conference
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The Washington REALTORS® Spring Business Conference will be virtual and will take place
April 19-23, 2021.
The Conference will include guest speakers open to the entire membership, the WR Awards Ceremony, and our association business meetings.
Mark your calendars and stay tuned for more details in the coming weeks!
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2021 NAR Legislative Days
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May 3-14
Registration Open Now!
After careful consideration, the 2021 REALTORS® Legislative Meetings, now scheduled for May 3-14, 2021, will be virtual this year.
Please view this video message from NAR President Charlie Oppler for more information surrounding this decision.
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2021 REALTORS® Legislative Meetings Going Virtual
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Registration is open now!
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That's Who We R - Digital Assets
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The National Association of REALTORS® has created a variety of digital assets to support the That's Who We R campaign with members in the field.
You are free to use this image on your social media channels, website, or as you may otherwise choose.
Check out the entire library of shareable campaign assets online here.
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SAR Member Roster Update - January
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Updated for January
Click here to view the latest Member Roster Update (pictured above) - approved by the SAR Board of Directors at its most recent meeting.
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SAR Market Activity Report - January
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The SAR Market Activity Report for January is now online.
See the latest full report - a member-exclusive product
See the January 2021 Market Snapshot Report
See the 2020 Year End Market Snapshot Report (pictured above), online here.
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Quick Information
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Tech Helpline: 866-610-8939
Legal Hotline: 800-562-6027
Washington State Legislature Hotline: 800-562-6000
MLS Weekly News & Info
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2021 SAR Leadership
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|  | 2021 SAR PRESIDENT
Eric Johnson | |
Coldwell Banker Tomlinson
PRESIDENT ELECT:
Choice Realty
995-2833
IMMEDIATE PAST PRESIDENT:
Kestell Company
499-9999
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