BAR - Re A L Solutions. Re A L Support. Re A L Success.
Putting Money In The Right Places

The great news, this week, is that the Federal Housing Financing Agency will end its pilot rental program. This should result in the end of financing Wall Street investors purchasing properties for rentals. NAR states, " By financing the purchase of thousands of single-family homes for institutional investors to use as rentals, Fannie Mae and Freddie Mac compounded on inventory shortages and affordability concerns, which are holding back prospective homebuyers across the country."
Silent Angels, the BAR's Charitable Organization, is hosting a fundraiser this fall to create a fund in memoriam of Tricia Hyde. This will be a concert in the park; contact us at i nfo@birminghamrealtors.com if you are interested in serving on the task force or in participating as talent in the concert.
Follow the Money: Ethics or Arbitration?

Lately, the association has received multiple ethics complaints alleging an Article 17 violation. At its heart, an Article 17 violation is a refusal to arbitrate. One cannot be in violation of Article 17 unless an arbitration request has been filed with the association's grievance committee and the respondent refuses to participate in a hearing.

Arbitration requests follow the money. Typically, an arbitration request will be predicated on procuring cause. Did the agent have an unbroken series of events that led to a successful close of a transaction? Does the broker belong to the MLS of listing broker? What was the offer of compensation and was it paid?

So before you spend a lot of time filling out an ethics complaint (WHICH WILL NEVER RESULT IN A MONETARY SETTLEMENT) make sure you know the difference between arbitration and ethics. Remember, only a broker can accept and pay commission so if you are an agent, your broker must file the request. Learn More in the broker section of the website
NAR has a new tool and member benefit. It has created a Center for Financial Wellness. This new tool assists the member in analyzing their current financial position. From investments to succession planning to preparing for retirement, free resources are available to all members. Click here to learn more.
Monday Rewind

BAR's own, Felicia Yonter, VP of Member Experience Design, delivered a presentation on AirBNB to the local chapter of the Institute of Real Estate Management. In attendance, Grayson Glaze of ACRE and BAR President, Kim Mangham-Barelare.
10 Years Post the Real Estate Crash of 2008- Is Another Recession Coming? And What Can You Do About It?

So what can a REALTOR® do to recession-proof?

Financial management practices stress the importance of diversification. There is an adage in financial circles that states "Diversify your risk away". While risk cannot be complete eliminated, diversification is a strategy that can be applied to the real estate industry.

Industry insiders advise diversifying your lead sources to at least 4. Explore alternative niche market and market segments. Consider diversifying your price points. Coach Tom Ferry states, live in your CRM, organize (diversify) by group, develop a diversified marketing platform for each group.
Get Caught Up On The Magazine Before The Next Issue Publishes
Click Here to access the latest issue of the BAR Magazine. Covering topics from MLS of Choice Policy to Legislative Updates to photos from the Awards Luncheon. This quarterly magazine will continue to bring valuable information pertinent to your bottom line.
This Week's Happenings
BAR and GALMLS will be closed September 3rd for the Labor Day Holiday.
Registration for the 2018 REALTOR Conference & Expo is now open! Click Here to Register...

Special Thanks to
Executive Affiliate Partner
LAND TITLE COMPANY
OF ALABAMA
Thanks for your support!
Kim Mangham-Barelare
2018 BAR President
TECH TIP OF THE WEEK!

AutoPick is great for the REALTOR on the go with an android phone The mobile app allows you to scan paper documents, after which it’ll turn those documents into text that you can edit, copy, and paste.
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