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SMDRA WEEKLY NEWS & EVENTS • JUNE 17, 2022
Interested in advertising in our newsletter? Download the current rate sheet for information.
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FROM 5280 HOME: Why New Home Builds in the Denver Area Aren't as Affordable as They Seem |
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REALTORS and a recent buyer share their experiences navigating the new home market. |
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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 GRI 106: Ethics & Professional Practice
Jun 22 - 9am to 1pm
Members Free / $50 Others
4 CE Credits
Instructor: Mickey Sanders
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ZOOM New REALTOR Member Orientation
Jun 22 - 1:30pm to 3:30pm
Members Free
0 CE Credits
Instructor: SMDRA Staff
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ZOOM 1031 Exchange Essentials
Jun 23 - 10am to 11am
Members Free / $20 Others
1 CE Credits
Instructor: Tracey Wilson
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ZOOM GRI 103: Contacts to Contracts
Jul 13 - 9am to 1pm
$50 for Everyone
4 CE Credits
Instructor: Ray Sherman
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ZOOM Industry Update with Marcia Waters
Jul 14 - 1pm to 3pm
Members Free / $20 Others
1 CE Credits
Instructor: Marcia Waters
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IN-PERSON GRI 113: Negotiating & Counseling
Jul 19 - 9am to 1pm
$50 for Everyone
4 CE Credits
Instructor: Jack O'Connor
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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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Real Estate Negotiation Expert (RENE) Certification Course |
DATE: Tues & Wed, August 16&17, 2022
TIME: 9:00am to 5:00pm
COST: $195 Members / $215 Others
ZOOM: Zoom Format
INSTRUCTOR: Rich Sands
SESSION INFORMATION: The Real Estate Negotiation Expert (RENE) certification is for real estate professionals who want to sharpen their negotiation skills. The RENE certification program gives REALTORS® the tips and tools they need to be skillful advocates for their clients.
What You Gain:
- Improve your negotiating skills
- Learn about behind-the-scenes issues and how to deal with them
- Learn how to handle a wide range of personalities and situations
- Learn to sort out the competing objectives of the parties involved in a transaction
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Accredited Buyer's Representative (ABR) Designation Course |
DATE: Wed & Thu, September 21&22, 2022
TIME: 9:00am to 4:00pm
COST: $195 Members / $215 Others
ZOOM: Zoom Format
INSTRUCTOR: Mickey Sanders
SESSION INFORMATION: The Accredited Buyer’s Representative (ABR®) designation is for real estate buyer agents who focus on working directly with buyer-clients at every stage of the home-buying process. By earning the ABR® designation, you gain access to valuable real estate education that elevates your skills and knowledge in the eyes of home buyers, ongoing specialized information, programs, and updates that keep you knowledgeable on the issues and trends facing home buyers, access to members-only publications, as well as marketing tools and resources.
The goal of the two-day ABR® Designation Core Course is to establish a foundation of training, skills, and resources to help real estate profess-ionals succeed as a buyer's representative.
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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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POWER LUNCH: Legal & Regulatory Considerations Impacting REALTORS in 2022 |
DATE: Tuesday, June 21, 2022
TIME: 11:00am-11:45am – Lunch and Networking
11:45am-1:00pm – Program
TOPIC: Legal & Regulatory Considerations Impacting REALTORS in 2022
LOCATION: SMDRA Event Center,
This is an IN-PERSON EVENT
SPEAKER: Scott Peterson,
Colorado Association of REALTORS® (CAR) General Counsel
SESSION INFORMATION: Join CAR General Counsel Scott Peterson for his most in-demand class as he navigates the legal and regulatory considerations impacting REALTORS® in 2022. REALTORS® who attend the training with attendance verification will receive two continuing education credits.
Topics include:
- Secret Agent Man – Establishing a Proper Brokerage Relationship
- Somebody’s Watching Me! – Cameras in Real Estate
- Knowing the Nuances of the Market – Geographic Competency
- Adapting to Change – Use of Technology in Real Estate
POWER LUNCH SPONSOR:
US Bank
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2022 Avalanche Stanley Cup
Watch Party - Game 4
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DATE: Wednesday, June 22, 2022
WHERE: SMDRA Event Center - 6436 S. Racine Circle, Centennial, CO 80111
TIME: 5:00pm until Game Finish
COST: Free for SMDRA Members, $20 All Others
EVENT DETAILS: The AVS are going to the Stanley Cup Finals! SMDRA’s YPN is hosting a Game 4 Watch Party here at our event center NEXT WEEK, June 22, 2022. Network with our Members and AVs Fans as we watch an intense game of hockey.
Doors open at 5pm, show off support by dressing in your favorite AVS gear! YPN is asking you to bring at least ONE pack of socks to help support Salvation Army.
EVENT SPONSORS:
Centennial State Insurance
Chicago Title of Colorado
Ent Credit Union
Hoffman Weber Construction
Sun West Mortgage
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BUSINESS AFTER HOURS:
Summer Jam
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DATE: Thursday, June 23, 2022
TIME: 4:00-7:00pm
LOCATION: Platte River Grill – 5995 S Santa Fe Dr, Littleton, CO 80120
COST: Free for SMDRA Members,
$20 for Non-Members
DESCRIPTION: Come join us for an evening of networking with industry friends, chillin and watching the sunset on one of the best patios in Denver! Cool Music! Yummy Food and Cold Drinks.
EVENT SPONSOR:
Magnify Mortgage
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4th of July Holiday Office Closure
and Friday Fuze July Schedule
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In observance of the 4th of July Holiday, the SMDRA Office will be CLOSED on Monday, July 4th - All Day! The office will re-open on Tuesday, July 5th at 8:30am.
PLEASE NOTE: There will be NO Friday Fuze on Friday, July 1st and
NO Connections & Cocktails on
Thursday, July 7th.
The next Friday Fuze Meeting will be
July 15, 2022 - See you there!
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SAVE THE DATE!
2022 Carnival:
An RPAC Fundraiser
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DATE: Thursday, August 11, 2022
TIME: 5:00-8:00pm
LOCATION: SMDRA Loading Dock Area
COST: $35 for Event Attendance
DESCRIPTION: Step right up and join us for an evening of fun, food and business networking! The RPAC Carnival is a fundraising event to help raise funds to support the SMDRA REALTORS® Political Action Committee (RPAC). Your investment in RPAC helps shape the future of the real estate industry by promoting and advocating for REALTORS and homeownership, electing candidates who understand and support their interests. Stay tuned for additional information and registration information coming soon!
SPONSORSHIP OPPORTUNITES
COMING SOON!
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MARKET TRENDS & STATISTICS |
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Get the SMDRA Market Trends & Statistics for May 2022 |
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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Tis the Season for 'Freak Outs' |
Tis the season for freak outs and "OMG the market is collapsing" click-bait, as we have our Summer Seasonal market shift. Yes, rate increases are impacting Buyer power at the same time causing some extreme changes in a short period of time.
Even with over 28% of active listings in the last month having made a price decrease, and that average decrease being $37,600, it is still a Seller's Market and demand exceeds supply.
Fannie Mae’s May survey of consumers which showed that 79% of them believe now is a bad time to buy a home! When anxiety and fear is high, most people will choose to do nothing and wait. People will always fear what they don't understand.
Tempering Seller expectations, while discussing options with Buyers such as ARMs, refi down the road, and the cost of renting vs. buying are key to educating our clients to use this market shift to their advantage. Put a dollar amount on how much waiting can cost them to give it perspective.
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ANSI Square Footage Standards: What Agents and Appraisers Should Know
National Association of REALTORS®
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Fannie Mae’s adoption of the ANSI standard for measuring the area of a home is creating questions, inconsistencies. |
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Rising Interest Rates and Inflation Fears Help Pump the Brakes on Housing Market
Colorado Association of REALTORS®
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Buyer trepidation fueled by rising interest rates and inflation fears continued to contribute to an improving bottom line for housing inventory and helped keep median pricing relatively flat across the seven-county Denver-metro area and in markets statewide, according to the May 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. |
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Generate CMAs in
REcolorado Matrix
REcolorado Blog
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The purpose of a CMA is to establish a range of value for a property that a seller wishes to sell or a buyer wishes to buy. An accurate range is one that reflects market conditions at the time and place of the desired transaction. Once an accurate property range is determined, the further purpose of a CMA is to provide an objective, market-driven starting point for deciding how to price properties. This is especially important as the market fluctuates.
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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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NEW Calendar of 2022 SMDRA Members Events - All in One Place! |
Download the 2-page PDF file of all the SMDRA Member Events/Holidays in one document!! Put all the SMDRA Events your are interested in attending on your calendar NOW!
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SENTRILOCK @ YOUR SERVICE |
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ATTENTIONS: SentriLock Email Scam Alert
SentriLock®
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SentriLock has seen an increase in scammers attempting to defraud customers via email. We were informed of a recent example of someone identifying themselves as a SentriLock representative emailing a PDF invoice and asking for a wire transfer payment.
Please DO NOT change any payment methods for SentrLock, LLC without confirmation.
If there is any doubt about the legitimacy about an invoice you have received please get in touch with your Customer Success Manager.
Stay aware and be safe!
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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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