BAR & GALMLS Will Be Closed Monday, November 12 In Observance Of Veterans Day
BAR - Re A L Solutions. Re A L Support. Re A L Success.
Zombie Vacancies Are Dying Out

So just what are zombie vacancies? Homes that are vacated before to the completion of foreclosure. These owner-abandoned properties comprised just 3.38 percent of all homes actively in the foreclosure process in the third quarter, a drop from 4.18 percent a year ago, according to ATTOM Data Solution’s 2018 Vacant Property and Zombie Foreclosure Report. READ MORE...
Accepting Sponsorships for the 2019 Inaugural Celebration. Contact
Learn about NAR's New Commitment to Excellence Program
Mortgage Rates Finally Slide Downward.

Freddie Mac reported last Thursday that
the 30-year fixed-rate mortgage averaged 4.83% in the Nov.1 week, down 3 basis points. The 15-year fixed-rate mortgage averaged 4.23%, down from 4.29%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.04%, a 10-basis point drop. This is good news for buyers.
The BAR RSTORE is temporarily closed for inventory as we move the store online.
Las Vegas REALTORS® Pull Zillow Syndication Feed.

According to Inman News, the Greater Las Vegas Association of REALTORS (GLVAR) and its MLS will be ending its syndication to Zillow and ListHub. GLVAR and its MLS issued a statement indicating that protection of MLS data is a priority for its members. Quoting GLVAR's President, “While it has always been the individual brokerage’s decision as to syndicate its listing data and to which third-party portals, GLVAR and the MLS played a role in facilitating syndication with a series of agreements with several third-party portals.After careful consideration and discussion, GLVAR and its MLS have decided to end that facilitation to all such portals." It will be interesting to see if others join suit.
Monday Rewind

BAR is wrapping up the year with its final 2018 Brokers' Breakfast. Thank you to all the brokers who took the time to learn the new tools BAR has to offer them. Visit the new broker tab on the website.
REALTORS® Reach Record Membership Numbers

The surge of new members BAR experienced this year appears to be happening nationwide as NAR numbers are closing in on the record high of 2006. The graph below is courtesy of the National Assn of REALTORS®.
This Week's Happenings

Division 4 
Line up time: 11:30 a.m. – 1:00 p.m.
Location 22 nd  Street S. between Powell Avenue & 2 nd Avenue S
Parade Details 
Time: 1:30 p.m. 
Start Point: The Rainbow Bridge
End Point: Rotary Trail Entrance
Plan on Attending the 2019 BAR President, Gusty Gulas' inaugural. Click on the invite to learn more.
2018 November New Agent Orientation
Wednesday, November 14, 2018 to Friday, November 16, 2018 Click Here for Register
Enroll in the Masters of Real Estate Program (Bachelors Degree is required for admission).
Special Thanks to Our
Executive Affiliate Partner 
Thanks for your support!
Kim Mangham-Barelare
2018 BAR President

Speaking Photo is a free app (or $99 year for premium) which can change your presentations. Your photos are overlaid with recorded audio. The possibilities are endless, but one application is to use it for a comparative marketing analysis. Use a photo from each comp, and talk about why a new listing will be slightly more or less than the comp.
Did you pay your lockbox rental fees? Check your account balances.

Don't know how to use the member portal? Call us and we will walk you through it!
(205) 871-1911
Does BAR have your most current contact information?
Please view your member profile to check , so you won't miss billing, event, class, deadline and other vital information. 

Thank you for reading the weekly President's Notes ! Brokers/Owners, please share this newsletter with your new agents. New agents are automatically subscribed.
BIRMINGHAMREALTORS.COM | 3501 Independence Drive, Birmingham, AL 35209 | 205.871.1911 | Email Us