A quick & convenient way to get the latest news from JAAR.

January 25, 2018

 
 
Rule your real estate world with one simple app

We know you love real estate, but it can't always be fun keeping all those plates in the air.

The good news is, you have the power to be more productive right in the palm of your hand. With the app from Realtors Property Resource ® (RPR ® ), REALTORS ® have exclusive access to a whole host of tools that improve productivity while on the go, not to mention RPR's abundance of property data and reports.

From simple solutions like search by voice to creating a CMA using your phone, these new RPR app and website features will definitely keep you in the driver's seat.

1.  Save those keystrokes for later
Tap the magnifying glass icon from within any search field to initiate voice transcription. This new feature is also available when using the Property Notes function.

2.  Be the first to know ...
Visit the app's Settings tool to start receiving notifications about status, price, and estimated value changes on your saved properties or listed inventory.

3.  A comp analysis on the fly
Why wait to get back to your desk? Create an on-the-go CMA using your phone or tablet.

4.  On-the-spot rental and lease searches
More than 165,000 active lease properties and eight million off-market rental properties can be viewed from your handheld device or desktop.

5.  Any open houses this weekend?
See, search and filter upcoming open houses from the homescreen of your RPR app.

When client needs and quick attention are paramount, don't forget, all of the app's features enable you to immediately respond. For example, within seconds of getting an inquiry, jump into the app, create a report and text or email it back to the client within seconds.



 
REALTOR® Emeritus: April Deadline

April 2 is the deadline to complete certification forms for REALTOR® Emeritus status for approval in May at the REALTORS® Legislative Meetings & Trade Expo in Washington. REALTOR® Emeritus status recognizes members who have forty years of membership and have completed at least one year of service at the national association level. For applications filed through 2019, the one-year service requirement may also be met through service at the state or local level.
 
President Signs the "Tax Cuts and Jobs Act"

 

On December 22, 2017, President Trump signed the "Tax Cuts and Jobs Act". The U.S. House and Senate approved the conference agreement of the "Tax Cuts and Jobs Act" earlier in the week.

All individual provisions of the measure are generally effective after December 31, 2017 for the 2018 tax filing year and expire on December 31, 2025 unless otherwise noted. The provisions do not affect tax filings for 2017 unless noted.

To read NAR's analysis of the bill's provisions impacting real estate, please go to " The Tax Cuts and Jobs Act - What it Means for Homeowners and Real Estate Professionals."

NAR will be providing ongoing updates and guidance to members in the coming weeks, as well as working with Congress and the Administration to address additional concerns through future legislation and rulemaking. Lawmakers have already signaled a desire to fine tune elements of the "Tax Cuts and Jobs Act" as well as address additional tax provisions not included in this legislation in 2018, and REALTORS® will need to continue to be engaged in the process.

 


                            
 
January 2018 | Medical Marijuana Trends For The Michigan Real Estate Professional 



  Watch Now  

 
 

             Legal Question of the Month


QUESTION:
I represent a buyer who has made an offer of $150,000 on a house listed at $180,000.  The listing agent called and told me that the sellers were rejecting the offer and that the sellers would take no less than $170,000. My buyer then submitted an offer for $170,000, which the sellers promptly accepted. Although everyone in this transaction is happy, my broker believes that the listing agent breached a fiduciary duty owed to the sellers by telling me the bottom line price the sellers were willing to accept. Is my broker correct?
 
ANSWER:
POTENTIALLY, YES. Michigan case law has held that a broker representing a seller may not suggest to a purchaser that the seller will accept less than the stated price. Harvey v Lindsay , 264 Mich 118
(1933). Under your circumstances, unless the sellers gave their agent permission to disclose the minimum price that they were willing to
accept, the listing agent may have breached a fiduciary duty owed to her sellers.
 
  
For more Legal Q&A, visit Michigan Realtors Legal Resources Web site  
  

"Like" NAR's REALTOR Benefits® Program's Facebook page so you don't miss a single discount or special offer from your official member benefits program. It's designed to help you save time and money, grow your business, and gain a competitive edge. 
Save on New eSign Plan from DocuSign
Don't miss a new offering from NAR's official and exclusive provider of electronic signature services, DocuSign. The Real Estate Starter eSignature plan, intended for single users and new agents, helps you save time, money, and hassle. Learn more about this new REALTOR Benefits® Program offer. 

DocuSign
Who: DocuSign is the National Association of REALTORS® official and exclusive provider of electronic signature services under the REALTOR Benefits® Program. DocuSign services are easy-to-use and accessible at any time, from any desktop or mobile device.

What: Solutions available at member-only pricing include the Real Estate Starter eSignature plan for individuals, DocuSign for REALTORS® eSignature for individuals and offices up to 5 users, and DocuSign for Brokers for offices of 6+ users.  What's New: Hear All About It (link is external).

How: Learn more about product features and plans available to NAR members at DocuSign.com (link is external). From there, you can sign-up for the Real Estate Starter, DocuSign for REALTORS® or start a 30-day free trial. To discuss options and pricing with a representative: individuals or offices up to 5 users, please call 866-219-4318, and select option 2; for offices of 6+ users contact the DocuSign Sales Team by email sales@docusign.com (link sends e-mail) or phone 877-720-2040. Be certain to have your NRDS ID available.
Reminders & Announcements...

NAR Website Change - www.realtor.org has changed to www.nar.realtor

Send all Status Change Forms and Featured Properties to Admin@JacksonMIHomes.com
 
Award applications for REALTOR of the Year, Rookie of the Year, Affiliate Rep of the Year and Master Award are due no later than January 31st.  Contact Shannon if you have any questions.
 
The annual Lockbox Audit has been sent out and is due back to the JAAR office no later than Monday, February 5th
 
MR/NAR Dues payments are due no later than February 15th for those that chose the semi-annual payment option. 
 
If you haven't signed up for a committee for 2018 you still can.  Contact Shannon for the Committee Sign up form. 
 
 
Check the Paragon Calendar for all upcoming JAAR events! 
 
  
What Experienced Agents Wish They'd
Known from the Start
 
Imagine how many more transactions you could have closed if, as a new agent, you had the wisdom you've now acquired after years in the business.  Here, experienced agents share that hard-earned wisdom with rookies. 
           
 
Broker Summit
April 25, 2018
The Inn at St. Johns
Plymouth
-
The Convention
September 26-28, 2018
Grand Traverse Resort & Spa
Traverse City
  
In This Issue
REALTOR® University    

Board of Directors Actions -
JANUARY
  
Gavel JMLS Board of Directors
  • Accepted the December Pre-Review financials as presented.
  • Approved one (1) new office application as presented. 
  • Approved the service waivers as presented.      
  •  
JAAR Board of Directors
  • Accepted  the December Pre-Review financials as presented.      
  • Approved adopting new Purchase Agreement language with clarification on the proposed language on how the buyer and seller agree to negotiate inspections. 
  • Approved the membership transactions as presented.  
  • Approved the 2018 committee roster and Director Liaison's.
     
Membership Transactions 
 
 
New JAAR/JMLS Office
Unique Real Estate
 
New JMLS Only Office
Gateway to Homes
 
New JAAR/JMLS Member
Jennie Bach, Howard Hanna Real Estate
David Barr, Howard Hanna Real Estate
JoAnne Griffith, Unique Real Estate
Nikki Honsinger, Unique Real Estate
Brock Spink, RE/MAX Mid-Michigan
 
New JMLS Only Member
Chris Dean, Gateway to Homes
 
New Affiliate Representatives
Guy Kennedy, Ann Arbor State Bank
Jennifer Stone, County National Bank
 
Member Transfers
Amy Aldrich from Exit Realty 1st to Key Realty One
Julie Hackworth from Howard Hanna Real Estate to Production Realty
 
JAAR/JMLS Office Resignations
SHA Realty Corporation

 

JAAR/JMLS REALTOR Resignations

Janette Harris, Howard Hanna Real Estate

Sonya Ladd, EXP Realty

Hendrik Schuur, SHA Realty Corporation

 

Affiliate Representative Resignation

Andrew Houle, Ann Arbor State Bank


DECEMBER 2017 STATISTICAL REPORT

Number of Residential Units Sold: 

2017: 180
2016: 216

Average Residential Sale Price: 

2017: $156,749
2016: $137,728

 
Get REALTOR® Party Mobile Alerts
Text "MIRealtors" to 30644.  NAR will send you short text messages when we need you to take action on important real estate issues (usually only three to five times per year).

RPR has just the right resource to help you get started, from scheduled webinars, to on-demand learning, RPR has training for everyone.
 
Thank you for taking the time to check out the JAAR "Member Minute".
 Contact Information

Shannon Harner, e-PRO

Membership & Administrative Manager

Jackson Area Association of REALTORS®

505 South Jackson Street ~ Jackson, MI 49203

Phone: (517) 787-6175 Fax: (517)787-2223

Follow us on TwitterLike us on FacebookFind us on Pinterest

Shannon@JacksonMIHomes.com

www.JacksonMIHomes.com