COMMUNICATION! - Grand Rapids Association of Realtors
Transcription
COMMUNICATION! - Grand Rapids Association of Realtors
IT’S ALL ABOUT COMMUNICATION! A weekly publication of the: Grand Rapids Association of REALTORS® January 22, 2016 In this edition: NAR legal update: agency, property condition disclosure, RESPA, and more. Marketing to pet owners. Membership totals and info (new, active, and transfers) for the month of December. Important message from Flex re: portals. Add an introductory video to your profile page on grar.com. RPR has taken POI to the next level. Q&A: appliances, purchase agreements, and closed sales. RISK REDUCTION RESOURCES A new legal update from the National Association of REALTORS (NAR) analyzes legal trends in areas that impact real estate professionals, such as: agency, property condition disclosure, RESPA, anti-trust, technology, and third-party liability issues. This information is provided in several formats (the video at the left, a written report, or highlights as linked above). THE POWER OF PETS Once relegated to the shadows, Fido and Fluffy may turn out to be an asset in selling a home. REALTOR® Magazine | January 2016 The real estate business traditionally has shown scant love for pets. The conventional wisdom held that sellers should conceal all traces of their dogs or cats - the toys, bowls, beds, even the animals themselves - when prepping a home for sale. But those hardline messages are clearly softening, as pets become a plus in the marketing of homes for sale. The reason for the shift has a lot to do with the numbers: Pet power is rising. Currently 65% of households own a pet, up from 56% in 1988. A record-breaking 79 million U.S. households now own a pet, according to a recent survey of pet owners by the American Pet Products Association. Indeed, 83% of pet owners consider their pet to be a member of the family, according to a Packaged Facts research report. For real estate practitioners, addressing that pet love means helping buyers scout for homes that meet the needs of their pets or working with sellers to leverage their home’s pet appeal. In fact, pet-friendly agents have found one another—and consumers—on a growing national social platform called the Pet Realty Network. The network, launched in 1997, now boasts about 300 members who pay $30 annually to be included in the directory and can add to its pet-friendly listings. Please click here to continue reading... GRAR DATABASE TOTALS AS OF JANUARY 1, 2016 531 Brokers 1,900 Salespersons 96 Appraisers 43 Life Members 153 Affiliate Members Questions re: GRAR’s member records? Cheryl Krause (616) 940-8218 Search the Member Roster (REALTORS® & Service Partners) online at http://www.grar.com/ GRAR MEMBERSHIP - YOUR NEXT TRANSACTION COULD BE WITH… We were pleased to WELCOME the following new (or returning) members during the month of December: Alexis Ader (Sable Realty), Patrick Carroll (Coldwell Banker AJS Schmidt), Shelley Cook (Coldwell Banker AJS Schmidt), Nicole Duda (Compass Realty Services), Allan Engel (Activa Real Estate Services), Dana Eveland (Keller Williams Rivertown), Catherine Girardot (Morse Realty), Mark Heintzelman (City2Shore Real Estate), Joshua Howard (Keller Williams GR North), Charles Hoyt (Activa Real Estate Services), Oman Khanal (Keller Williams GR East), Heather Kopecek (Greenridge Realty), Spencer LaFontaine (Keller Williams GR North), Darryl Matthews (Keller Williams GR North), Todd Medendorp (Keller Williams GR East), Jamie Mejeur (RE/MAX of Grand Rapids), Joshua Miller (City2Shore Real Estate), Laura Moher (Keller Williams GR North), Andrew Norden (Coldwell Banker AJS Schmidt), Samuel Plowman (MyWay Mobile Storage), Christopher Prentice (Five Star Real Estate), Jason Schuringa (Five Star Real Estate), Dean Sikkenga (Century 21 Affiliated), Carey Slager (City2Shore Real Estate), Emily Symko (Berkshire Hathaway), Kathryn Teklinski (Berkshire Hathaway), Thomas Teklinski (Berkshire Hathaway), Kathina Underwood (Realify Properties), Cheryl Vosburg (Keller Williams Rivertown), Melissa Wall (Coldwell Banker AJS Schmidt), and Mary Workman (Greenridge Realty). Please click here to view a list of members who changed their company affiliation in December. The following individuals recently opted not to renew their GRAR membership: Nicole Aboudib, Laura Baker, Synthia Bolser, Barbara Buist, Jill Counterman, Ryan Duffield, Amanda Faino, Gail Falk, Barbara Furton, Hans Giplaye, Sallie Greene, John Grysen, Jake Hogeboom, Troy Hopkins, Jasmin Jones, Kevin Kalmbach, Aimee Kilts, Mark Kozar, Michael Krygier, Israel Ledesma, Thomas Lyons, Danielle Maki, Gretchen McDonald, Joy McLaren, Arthur Menzel, Robert Muraski, Garry Murphy, Gregory Orr, Oscar Paiz, Greg Peterson, Valerie Poll, Jennifer Postma, Delainea Purucker, Nathan Scott, Mandy Shupe, Kris Simms, Rhonda Slagter, Doug Snell, Susan Supanich, Sarah Trocke, Christine VanDam, Kimbereli Wieringa, Troy Wilde, and Randy Williams. Note: email addresses are included (if available). Paid advertisement - Please click on image below. IMPORTANT MESSAGE FROM FLEXMLS RE: PORTALS On Monday, January 25, 2016, some significant changes are coming to Flexmls Portals. These changes include simplifying and enhancing Listing Collections for favorite listings, as well as a new login process for existing customer portals. These changes are being made in order to pave the way for a new consumer version of Flexmls for iPhone. Please click here to learn more. Questions? Please contact [email protected]. A NEW WAY TO ENHANCE YOUR PERSONAL ROSTER PAGE ON GRAR.COM! We want to help you engage and grab the attention of real estate consumers visiting your profile page on the new grar.com public website. There are several ways to do that. In addition to your name, company name and logo, contact information, and photo, you have also had the ability for some time now to share up to 500 characters of free format text about yourself and to post your service specialties and languages spoken (the public is able to search by service specialty and languages spoken). If you haven’t yet added this descriptive information to your roster page, we could encourage you to do so. Please click here to access step-by-step instructions. INTRODUCTORY VIDEO: We are pleased to announce a brand new opportunity for you enhance your profile page - - an introductory video! This is a great way for you to personally greet consumers, give them a glimpse of your personality, and to share information in a manner that text simply can’t convey. As you might imagine, there are policies in place to ensure that the videos represent our industry in a professional manner. SEND US YOUR VIDEO: If you have a video that you would like to post, please email an embedded link to [email protected]. VIDEO CREATION SERVICES: We also intend to set up a small studio to assist members with video creation. Details coming soon! REALTORS® PROPERTY RESOURCE (RPR) HAS TAKEN POI TO A NEW LEVEL Points of Interest (POIs) aren’t simply pins on a map. Instead, they represent the diversity and density of amenities and businesses within close proximity to the area your client wants to live or do business. Now, RPR is taking its POI services to the next level. Based on REALTOR® feedback, up to 30 individual POI categories have been added to the data platform’s already-robust lineup of residential features. In all, the enhancements make the exploration of community offerings easier to determine, and in fewer steps. Up to 500 business, recreational, retail and other points of interest can be displayed, based on the user’s selection of categories. Please click here to learn more. Paid advertisement - Please click on image above. If you aren’t yet using RPR, we can’t stress enough how valuable this tool can be to you. It is available at no cost as a benefit of REALTOR® membership and is a comprehensive database of 166 million properties nationwide (listed and unlisted properties). It includes layers and layers of data, such as MLS data, flood maps, school data, traffic counts, consumer buying data, tax data, points of interest, and much, much more. Not sure where to begin? RPR offers a library of brief, step-by-step video tutorials. Please click here to take a look. Q If the Seller’s Disclosure Statement indicates that the refrigerator is in working order, the purchase agreement indicates that the refrigerator will be included in the sale, and the refrigerator breaks before closing, do the sellers have an obligation to notify the buyers? What about other appliances included in the sale that aren’t listed on the Seller’s Disclosure Statement, such as an upright freezer? Then what? How is the matter resolved? A: Yes. The Seller’s Disclosure Statement states that “Unless otherwise agreed, all household appliances are sold in working order except as noted, without warranty beyond date of closing.” Also, the West Michigan Regional Purchase Agreement states that “Seller certifies to Buyer that the property is currently in the same condition as Seller previously disclosed in the Seller’s Disclosure Statement dated: __________. Seller agrees to inform the Buyer in writing of any changes in the content of the disclosure statement prior to closing.” GRAR recommends that the purchase agreement be specific as to which appliances are included in the transaction to avoid disagreements. For instance, the black Whirlpool refrigerator in kitchen, the Amana chest freezer in garage, the front-loading GE washer, etc. We sometimes hear of sellers taking the newer appliances that were in the home during showings and leaving behind older/less desirable models. Specificity helps prevent these situations. Also, remember that the purchase agreement supersedes the listing information. Even if the MLS indicates that certain appliances are included, that must be reiterated in the purchase agreement in order to be included in the transaction. If one of those appliances breaks prior to closing, the seller has an obligation to disclose that information. The seller and buyer will then need to negotiate a resolution. Q: I am surprised at the number of agents writing offers on old purchase agreements (2010 seems to be a popular version). Isn’t there a rule that requires them to be written on the most current form? A: There isn’t a policy that requires that the most current version be used; however, GRAR strongly encourages members to update their inventory since the forms change as needed to reflect new regulations, industry trends, etc. A lot has changed in the purchase agreement since 2010 - an effective date paragraph was added to the form; the assessments paragraph was modified; the timeframe for ordering and furnishing title insurance was increased from 7 to 10 days; the possession paragraph was modified to reflect that the occupancy fee shall be paid in the form cash or certified funds; and more. You may still accept an offer written on that form, but we would encourage you to read it very carefully. You might also encourage that buyer’s agent to update his/her inventory of forms. Q: I know that pending sales must be reported to the MLS within 3 calendar days, but what about closed sales? I am watching a particular neighborhood and there are a couple of listings that have been pending for 8 months or more. A: The MLS Rules call for closed sales to be reported within 10 days of the closing. Please use the Report Violations Tool (upper right hand corner of the MLS detail page) to let us know of these listings. We will follow up with the listing broker to confirm the status and obtain the sold data (your name will be held in confidence). Paid advertisements - Please click on images below. SCHEDULE AT-A-GLANCE: EVENTS / MEETINGS / CLASSES / REMINDERS GRAR Meetings and Events: January 20, 21, 27, 28 - GRI II - Contact: Sue Jenkins January 25 - 1:30 p.m. - Grievance Committee - Contact: Pam VanLuven or Sue Jenkins January 26 - GRARLA Session - Contact: Pam VanLuven January 29 - 9:30 a.m. - Broker Meeting - Contact: Julie Rietberg February 3 - 9:00 a.m. - Professional Standards Hearing - Contact: Sue Jenkins February 3 - 1:30 p.m. - MLS Policy Task Force - Contact: Pam VanLuven February 4 - 9:00 a.m. - REALTORS Community Crisis Response Fund Task Force - Contact: Pam VanLuven Looking ahead to some special GRAR events: March 9, 10, 11, 15, 16 - GRI III March 18 - Well & Septic Lunch-n-Learn w/Kathleen Hill (registration information coming soon) April 26 - Continuing Education with Jack Miedema (registration information coming soon) April 27 - CIPS - Global Real Estate: Local Markets (Core Class) - Contact: Sue Jenkins April 28 - CIPS - Global Real Estate: Transaction Tools (Core Class) - Contact: Sue Jenkins June 13-14 - Regional Open House Weekend - Save the Date! June 22 - CIPS - Europe & International Real Estate (Elective) - Contact: Sue Jenkins June 23 - CIPS - Asia/Pacific & International Real Estate (Elective) - Contact: Sue Jenkins June 24 - CIPS - The Americas & International Real Estate (Elective) - Contact: Sue Jenkins The events listed below are not hosted by GRAR, but are being shared for your information. If you are looking for continuing education credits, we would encourage you to make certain that the course you select is approved by the CE Marketplace (https://www.cemarketplace.net/): January 25-29 (9:00 a.m. to 5:30 p.m.) - Real Estate Pre-License Training with MiLicense.net January 7 - RPR “Leading Clients w/Strategic Site Selection” Commercial Real Estate Webinar (Free!) February 2 - RPR “Introduction to RPR Commercial” Webinar (Free!) February 3 - RPR “Crossover to RPR Commercial to Answer Quirky Residential Questions” Webinar (Free!) February 4 - Freddie Mac’s “The Power of Home Possible in Today’s Housing Market” (Low Down Payment) Webinar February 4 - Grand Opening Celebration at Century 21 Affiliated in Grandville - All are welcome! February 6, 13, 20, 27 (8:30 a.m. to 6:00 p.m.) - Real Estate Pre-License Training with Real Estate One Academy February 8-12 (9:00 a.m. to 5:00 p.m.) - Real Estate Pre-License Training with Real Estate One Academy February 10 (9:00 a.m. to 3:00 p.m.) - 6 Hour Legal Update w/MiLicense.net (Con. Ed) February 10 - Agent Advantage Seminar - Websites & SEO for Real Estate February 11 - WCR Business Breakfast February 15-19 (9:00 a.m. to 5:30 p.m.) - Real Estate Pre-License Training with MiLicense.net February 17 - Agent Advantage Seminar - Branding February 25-27 - Michigan Landlord & Real Estate Investor Conference & Expo (FREE) February 29, March 1-3 & 7-10 (5:30 to 10:30 p.m.) - Real Estate Pre-License Training with MiLicense.net March 7-10 (5:30 to 10:30 p.m.) - Real Estate Pre-License Training with Acme Institute March 9 (12:30 to 2:00 p.m.) - REALTOR® Info Session/Tour of East Kentwood High School - RSVP to Dave DeBruyn March 9 (9:00 a.m. to 3:00 p.m.) - 6 Hour Legal Update w/MiLicense.net (Con. Ed) March 14-18 (9:00 a.m. to 5:30 p.m.) - Real Estate Pre-License Training with MiLicense.net March 14-18 (9:00 a.m. to 5:00 p.m.) - Real Estate Pre-License Training with Real Estate One Academy April 2/9/16/23 (Sat. Classes/8:30 a.m. - 6:00 p.m.) - Real Estate Pre-License Training w/ Real Estate One Academy April 11-15 (9:00 a.m. to 5:00 p.m.) - Real Estate Pre-License Training with Real Estate One Academy April 18-22 (9:00 a.m. to 5:30 p.m.) - Real Estate Pre-License Training with MiLicense.net May 9-13 (9:00 a.m. to 5:00 p.m.) - Real Estate Pre-License Training with Real Estate One Academy If you would like to post an event above, please forward the event name, date, time, and registration link to Pam VanLuven. CE MARKETPLACE = YOUR RESOURCE FOR CON. ED. CLASSES, TRACKING, AND QUESTIONS! https://www.cemarketplace.net/ OR 844-642-6633