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SMDRA WEEKLY NEWS & EVENTS • MAY 3, 2024 |
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Behind Recent Legal Wins,
REALTOR Advocacy was at Work
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NAR’s advocacy team has quietly supported major litigation that is critical to real estate—including two recent victories at the Supreme Court. |
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HAVE YOU COMPLETED YOUR REQUIRED ETHICS COURSE FOR
THE CURRENT ETHICS CYCLE 2022-2024?
CLICK HERE to check your status, submit your certificate or find a class.
The requirement can be met by taking the course through any
REALTOR® Association, including NAR and CAR and the CE Shop.
Certificates received from any other source WILL NOT be honored!
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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 115: Technology Tools & Resources
May 7 - 9am to 1pm
$50 for Everyone
4 CE Credits
Instructor: Rich Sands
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IN-PERSON Why Use
a Home Warranty?
May 7 - 2pm to 3pm
Members Free / $20 Others
1 CE Credits
Instructor: Karen Hyman
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IN-PERSON Conquer Social Media - Secrets to Top Platforms
May 8 - 10am to 11:30am
Members Free / $20 Others
0 CE Credits
Instructor: RETech Academy
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ZOOM Contract Issues That Can Put You in Jail
May 9 - 9am to 12pm
Members Free / $45 Others
3 CE Credits
Instructor: Tod Franklin
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IN-PERSON How to Connect & Build Your Database
May 14 - 10am to 12pm
Members Free / $30 Others
0 CE Credits
Instructor: Tony Carnesi
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ZOOM NAR Code
of Ethics
May 14 - 1pm to 4pm
Members Free / $45 Others
3 CE Credits
Instructor: Debbie Conner
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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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Pricing Strategy Advisor
PSA Certification Course
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DATE: Thursday, May 16, 2024
TIME: 9:00am to 4:30pm
COST: $99 Members / $129 Others
FORMAT: Zoom Online Format
CE CREDITS: 6
INSTRUCTOR: Rich Sands
DESCRIPTION: Determining property values depends more than ever on professional expertise and competence, the best use of technology, and approaching the pricing assignment from various perspectives. 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 with the PSA certification.
The key to competitive home pricing is becoming proficient at comparative market analyses (CMAs). In this class, you will learn how to evaluate the existing real estat market to take the guesswork out of pricing homes.
This course will enable you to:
- Determine the market-based value range of a home
- Choose the most appropriate comparabales for a property
- Compile a CMA report for proper presentation
- Collaborate with appraisers
CLICK HERE to learn how to earn the PSA Certification.
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Senior Real Estate Specialist
SRES Designation
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DATE: Wed & Thu, June 12 & 13, 2024
TIME: 9:00am to 4:30pm
COST: $195 Members / $215 Others
FORMAT: Zoom Online Format
CE CREDITS: 12
INSTRUCTOR: Mickey Sanders
DESCRIPTION: According to NAR's 2023 Home Buyers and Sellers Generational Trends Report, Baby Boomers now constitute a remarkable 52% of all sellers. In addition, they overtook millennials in 2022 as the largest cohort of homebuyers. The impact of this demographic on our market is undeniable, making it essential for real estate professionals to be well-prepared to counsel and assist them in the home buying and selling process.
The SRES® designation course is designed to instill knowledge, understanding and empathy for 50+ real estate clients and customers. By completing this intensive two-day, 12 CE credit course, you will develop the business-building skills and resources needed to specialize in the 50+ real estate market. The curriculum covers a wide array of topics, including selling family homes, buying rental properties and assisting seniors with transitions to senior communities.
Learning Objectives:
- Examine the characteristics, expectations and effective ways to serve the 50+ crowd.
- Gain a comprehensive understanding of the unique tax, legal and financial situations in this market.
- Learn valuable marketing tips and methods to effectively reach and engage with seniors.
CLICK HERE to learn how to earn the SRES Designation
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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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“Member Dues dollars do not pay for SMDRA Events – these are paid for
by sponsorships from your Affiliate and Industry Business Partners.
Please thank them by using their services to support our Association."
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May Connections and Cocktails Member Networking Event |
DATE: Thursday, May 9, 2024
TIME: 4:00pm – 6:00pm
TOPIC: Connections and Cocktails
Member Networking Event
SESSION INFORMATION: Connections and Cocktails is the 2nd Thursday of each month from 4:00pm-6:00pm. Connections & Cocktails is 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.
CONNECTIONS & COCKTAILS SPONSOR:
Sterling Ranch
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Crafting Connections -
A Progressive Model Home Tour
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DATE: Wednesday, May 15, 2024
WHERE: Painted Prairie, Honeysuckle Park, 62704 N. Lisbon Street, Aurora, CO 80019
(Near the corner of Lisbon Street & 63rd Avenue)
TIME: 11:00am to 1:00pm
11:00-11:15 – Check-In and Networking
11:15-11:30am – Intro and Event Overview
11:30am to 1:00pm – Progressive Model Home Tour
COST: Free for SMDRA Members
HOSTED BY: SMDRA YPN Committee, DMAR and Painted Prairie
EVENT DETAILS: Up Your Value, Expand Your Inventory, and Discover Your Next Real Estate Advantage
- Network with fellow brokers from both DMAR & SMDRA
- Gain insights on helping buyers navigate the new home buying process
- Learn how to connect with builder sales associates
- Discover new ways to prove your value in a changing market
- “BYOB” – You’re invited to “Bring Your Own Buyers” to a lively home tour
- Lunch will be provided and prizes will be given away
Tour 11 Models from 6 World-Class Builders:
- David Weekley Homes
- KB Homes
- Meritage Homes
- Remington Homes
- New Home CO
- Berkeley Homes
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May Power Lunch: 10 Things Every REALTOR Needs to Be Thinking About in 2024 |
DATE: Tuesday, May 21, 2024
TIME: 11:00am-11:20am – Lunch and Networking
11:20 Welcome Announcements & Sponsor
11:30am-1:30pm – Program
TOPIC: 10 Things Every REALTOR Needs To Be Thinking About in 2024
CE CREDIT: 2 CE Credit Hours
LOCATION: SMDRA Event Center
SPEAKER: Scott Peterson, CAR General Council
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 2024. REALTORS® who attend the training with attendance verification will receive two continuing education credits.
POWER LUNCH SPONSOR:
ENT Credit Union
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Derby Day Annual Fundraiser for
SMDRA REALTORS Care Foundation
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DATE: June 5, 2024
TIME: 11:00am – 1:30 pm
11:00am-11:30am – Registration, Networking & Brunch
12:00pm-12:30pm – Horse Racing
12:30pm-1:30pm – Programming and Prize Giveaways
HOSTED BY: Presented by The SMDRA REALTORS® Care Foundation
LOCATION: SMDRA Patio and Event Center
COST: $45 per person, Registration is a tax-deductible donation
RSVP: By Monday, June 3, 2024
EVENT INFORMATION: Join us for an afternoon of HATS, HORSES and HOPE! The SMDRA REALTORS® Care Foundation is hosting its First Annual Derby Day Fundraising Brunch!
Break out the Mint Juleps, Fancy Hats and Bow Ties! Come enjoy Brunch, Horse-Racing, Heads-Up Tails-Up, Prizes for the Best Dressed, and much much more!
INTERESTED IN BEING A SPONSOR:
CLICK HERE to download the Event Flyer, that has all the Sponsorship opportunities for this event on the back. Follow the QR Code for the Sponsorship you are interested in, and it will take you to a sign-up form.
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June Town Hall Talks:
LGBTQ+ Alliance
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DATE: Friday, June 7, 2024
TIME: 8:30am to 9:30am – Doors Open at 8:15am
TOPIC: June Monthly SMDRA General Membership Meeting, Topic is LGBTQ+ Alliance
SESSION INFORMATION: Town Hall Talks are the first Friday of every month. This will be a general SMDRA membership meeting, similar to Friday Fuze and Marketing Meetings of the past. An opportunity to catch up on what’s happening at SMDRA, a brief informational presentation, property marketing, buyers and sellers needs, networking with fellow SMDRA members and OF COURSE DONUTS!
The topic for June is LGBTQ+ Alliance.
OUR DONUT SPONSOR:
Christina Skirpan with
V1 Real Estate Video and Photography
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MARKET TRENDS & STATISTICS |
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Get the SMDRA Market Trends & Statistics for March 2024 |
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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Litigation Resources from NAR
National Association of REALTORS®
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Throughout 2024, NAR is making the popular Accredited Buyer’s Representative (ABR®) designation course, typically $295, available to REALTORS® at no cost. Take the first step toward earning your ABR® designation at become.abr.realtor.
NAR members can continue to access the latest information and FAQs about the settlement on facts.realtor.
NAR will also continue to provide updates about the settlement process as it unfolds on competition.realtor.
Visit ThatsWhoWeR.realtor to view the new consumer campaign ads, and to leverage turnkey advertising and social assets to share. The campaign demonstrates the expertise of REALTORS® helping their clients navigate the risks, pitfalls, and complexities of buying or selling a home or property, reinforcing their expertise, commitment and consumer-first approach.
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Consumer Protections for
Artificial Intelligence
Colorado Association of REALTORS
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(Amend) SB 205 Consumer Protections for Artificial Intelligence
Sponsor: Sen. Majority Leader Rodriguez
SB 205 creates definitions and duties related to artificial intelligence (AI) systems to prevent algorithmic discrimination by both developers and deployers (users) of AI systems. Deployers (users) of high-risk AI systems who make “consequential decisions” impacting housing must establish among other things a risk management policy and program for any high-risk AI systems and an impact assessment. Penalties for violating this new section of law include a Colorado Consumer Protection Act (CCPA) claim as an unfair or deceptive trade practice that could impact REALTORS®' errors and omissions (E&O) insurance coverage.
CAR staff testified on April 24th as opposed to this bill unless significantly amended to (1) reduce the bill to simply creating a study on this emerging technology in reducing algorithmic discrimination or (2) remove any mention of deployers or users from the bill and focus on developers of AI technology and (3) create better definitions of AI systems to not threaten the health and safety of REALTORS®.
SB 205 in its current form jeopardizes the use of an application such as FOREWARN based on the loose definitions within the bill. These definitions trigger actions required under the duties of deployers/users of high-risk AI systems that make using an application such as FOREWARN onerous and to notify consumers of its use by a REALTOR®.
SB 205 is sponsored by Senate Majority Leader Robert Rodriguez (Denver) and is scheduled to be heard on the Senate floor for 2nd reading on Tuesday, April 30th.
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Add a Free Floor Plan and Room Dimensions to Your Listing with CubiCasa
REcolorado
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REcolorado customers can add detailed floor plans, including measurements and room dimensions to listings using CubiCasa. The CubiCasa mobile app produces comprehensive and visually appealing floor plans from a simple, five-minute scan of the home. Basic floor plans are available for free as a benefit of your REcolorado subscription, enhancing the value of your membership! |
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Good News from the
Capitol This Week
Nick Bokone, SMDRA's Public Affairs and Outreach Consultant and NAR
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More good news from the Capitol this evening. HB 1300 “Home Sale Wildfire Mitigation Requirements“ was postponed indefinitely (killed) in a Senate Committee tonight.
This bill would have allowed any county or municipality to mandate obtaining a wildfire mitigation certificate at point of sale for any home. The bill would have slowed down transactions, added costs to closings all with no guarantees that the property could obtain home owner's insurance after getting the certificate.
Mitigation is always a good idea in the wildfire zones, but unfunded mandates like this one would only harm the real estate industry.
Thanks to all who paid attention to this bill and participated in advocacy efforts to defeat it!!
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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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SMDRA REALTOR Member
Benefit - Forewarn!
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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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SMDRA Event & Meeting Rentals |
Are you looking for a venue to:
- Host your company's annual meeting?
- Have your holiday party or event?
- Teach an educational class for your employees?
- Hold a wedding celebration?
- Or a place to just meet, whatever your reason might be!
- SMDRA Member discount available
The South Metro Denver REALTOR® Association's Event Center, Lobby, Patio, Legacy Room, Board Room and Training Room are available for day, evening and weekend rentals. Contact us today for rental rates and space availability
Email Susan Cooper at susan@smdra.com for questions and additional information.
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SENTRILOCK @ YOUR SERVICE |
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IMPORTANT UPDATE:
ShowingTimes and BrokerBay are NO LONGER Generating Access Codes for SentriLock Boxes
SentriLock®
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In case you didn't know, ShowingTimes and BrokerBay are NO LONGER generating access codes for SentriLock boxes. Download our helpful Frequently Asked Questions document for instruction and helpful videos, on how to generate codes for property access.
Need HELP with Your
SentriLock Lockboxes?
Call the SMDRA Office at 303-797-3700
WE CAN HELP TOO!
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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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