March 2023 Newsletter

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Riding with the Brand Bus Tour

The Idaho State Capitol Building in Boise is the place to be on April 13th from 1:00 pm to 3:00 pm for the NAR Riding with the Brand Bus Tour. This exciting event promises to be a celebration filled with various activities and entertainment for attendees. Guests will have a chance to explore the NAR Riding with the Brand Bus, enjoy free food, participate in fun games and events, and win prizes.

Attendees will also have the chance to join a "Riding with the Brand" bicycle activity led by IR 2023 President Denise Lundy. In addition, guest speakers from the State and NAR will share their insights and experiences with all attendees. The event is a unique opportunity to join the 2023 Riding with the Brand theme, and a great chance to network with fellow professionals in the industry. So don't miss the fun-filled celebration at the Idaho State Capitol Building in Boise on April 13th.

*If you would like to participate in the bike ride, please remember to bring your own bike, or rent one below:

https://mcusports.com/reserve-equipment/

ICYMI: Beware of Wire Fraud - an Idaho REALTORS® PSA

As technology advances, so do the risks associated with real estate transactions. In this video, Idaho REALTORS® shares insight from Sun Valley Board of REALTORS’® past President, Debra Hall, on the dangers of many new transaction and wire fraud cases in her community.

Fraud occurs when cybercriminals use sophisticated methods to steal funds during a real estate transaction. There has been a recent increase in out-of-state individuals posing as landowners trying to conduct quick transactions on property they don’t own to steal money during the transaction process. These scams can happen to anyone, anywhere, and can lead to devastating financial losses.

As REALTORS®, it is essential for our members to stay informed and take proactive measures to protect their businesses and their clients. Join us in the fight against real estate wire fraud by watching this video and sharing it with your colleagues.

Industry News

Mortgage rates increased in February, pushed away potential buyers

By cnbc.com

CNBC’s Diana Olick joins ‘The Exchange’ to discuss the drop in mortgage applications, climbing mortgage rates and decreases in applications to refinance homes.

March 7-8

GRI 201

Business Planning & Technology; Sales & Marketing

Boise: The GRI 201 - Business Planning & Technology; Sales & Marketing class covers two important areas for real estate professionals. In the first segment, participants will learn how to create a business plan and utilize technology and media tools to communicate with consumers and become more effective in their work. The second segment focuses on sales and marketing, teaching participants how to formulate new sources of business by understanding consumer needs, developing a marketing strategy, and using effective counseling techniques.

March 24

PSA Certification

Pricing Strategy Advisor Certification Course

Boise: The Pricing Strategy Advisor (PSA) certification is a course designed to enhance real estate professionals' skills in pricing properties. The program covers creating Comparative Market Analyses (CMAs), working with appraisers, and guiding clients through pricing anxieties and misperceptions. Participants will learn the terminology of pricing and valuation, the role of supply and demand in pricing, how to identify appropriate comparables, and make necessary adjustments. The program also includes monthly newsletters, customizable marketing materials, a Facebook networking group, and the use of the PSA logo and name. The certification provides real estate professionals with the necessary knowledge and tools to improve their pricing skills and practices.

April 11-12

GRI 101

Taxation & Investment Property; Tax & Self-Employed

Boise: GRI 101 - Taxation & Investment Property; Tax & Self-Employed is a comprehensive course which covers critical issues that real estate professionals need to be aware of, such as the latest tax regulations on the deductibility of real estate taxes, home mortgage interest, and home equity indebtedness interest. Participants will also learn about tax changes to IRC 1031 Exchange and how they impact real estate investment properties. The course also covers strategies for buying, holding, and selling investment real estate, and significant tax deductions available for self-employed individuals, including the new 20% Qualified Business Income Deduction.

Upcoming Events

Subject to changes. Updates may be found at idahorealtors.com.

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