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JULY 1, 2025

Dear Members,

NABOR® is your source for accurate real estate market data and statistics. We compile, analyze and provide a wide range of real estate data, reports, videos and infographics that can help guide your business and your customers.

Harness the power of NABOR®'s market statistics and you'll be able to guide your customers into making informed real estate decisions. Be their trusted source for accurate real estate data with the tools NABOR® provides. You'll build trust with your customers, establish your expertise and potentially generate more business. Share the latest market report, data, video and infographics with your customers! Those tools and resources can be found HERE.

Thank you for your membership!

Sincerely,

Terrilyn VanGorder

President

MARKET REPORT

ECONOMIC UNCERTAINTY AFFECTED HOUSING MARKET IN MAY

Motivated sellers in Naples who took advantage of getting ahead of the market with prices that pleased buyers found success during May as overall pending sales (homes under contract) increased 10.9 percent to 951 pending sales from 919 pending sales in May 2024. According to the May 2025 Market Report by the Naples Area Board of REALTORS^® (NABOR^®), which tracks home listings and sales within Collier County (excluding Marco Island), 2,023 properties on the market in May reported a list price decrease, 31 percent of the overall inventory. The number of homes for sale increased 23.9 percent to 6,524 properties from 5,265 properties in May 2024. But economic uncertainty is creating challenges for today’s buyer and seller, even in paradise.

POST-REALTORS® LEGISLATIVE MEETINGS ADVOCACY RECAP

The newest Advocacy Scoop Podcast episode from NAR recaps key takeaways from the REALTORS® Legislative Meetings.

What you’ll hear: 

> NAR’s tax reform wins and what’s ahead as legislation moves to the Senate 

> NAR’s just-released 2025 federal advocacy priorities 

> Exclusive polling insights on capital gains 

> Behind-the-scenes updates from Washington 

Bonus content:

Stick around as NAR tax experts unpack what the newest legislation could mean for REALTORS®! 

To help you navigate these updates, we've created a short video overview titled, "July 1, 2025 NABOR Condominium and Cooperative Document Changes". View below.

We strongly encourage all members who work with condominiums or cooperatives to review these changes carefully. Staying informed protects both you and your clients. Below are documents for your reference. Per counsel, live forms will not be released until July 1, 2025.

A DIRTY DOZEN MISTAKES TO AVOID

By Jeff Jones, Broker and William G Morris, Esq., Attorney

REALTORS® make mistakes. Heck, we all do. But we should all want to minimize mistakes and the problems they can cause. This article will set out 12 of the most significant mistakes REALTORS® make in real estate transactions in the hope you will not make them.

Using a Seller to Buyer compensation form when the Listing Broker has already agreed to compensate the Buyer Broker is a poor choice. Some agents do this as a “belt and suspenders” approach and argue it is the same money. But, when a Seller has agreed to pay the Listing Broker and the listing allows payment of part to the Buyer Broker, adding a separate agreement for the Seller to pay direct is adding an additional expense. Since the Buyer Broker is limited in what the Buyer Broker can get paid by terms of the Buyer Broker agreement, there is no need for additional agreement for direct payment from the Seller. (Read more in the link.)

KEY UPDATES TO FLORIDA CONDOMINIUM LAWS FOR REALTORS®

By Sam Saad, Esq & Charles Whittington, Esq.

Florida’s condominium laws have undergone significant changes in recent years, with 2025 being no exception, driven by the 2021 Surfside collapse and aimed at enhancing safety, transparency, and governance. These 2025 updates, most notably HB 913, impact condo sales, disclosures, and client advising. Below is a concise overview to keep you informed and help you guide buyers and sellers effectively.

1. Review of Condominium Documents and Buyer’s Right of Rescission

• Rescission Period. HB 913 included a subtle but very important change to the time periods practitioners are used to dealing with in connection with the purchase and sale of condominium units in Florida. Beginning on July 1, 2025, buyer will have seven (7) days, increased from three (3), after receipt of all required association documents to rescind the contract.

• Impact for Realtors: Listing realtors will need to obtain all required documents from the association and insure these documents are provided to the buyer as soon as possible to start the 7 day rescission period. Realtors will need to educate their clients to understand the impact of this change. (Read more in the link.)

THE DIFFERENCE BETWEEN "COMPENSATION" AND A "CONCESSION' AND HOW TO DOCUMENT IT USING NABOR® CONTRACT FORMS 

By Carrie Lademan, Esq. & William G Morris, Esq.

The National Association of Realtors® (NAR) Settlement created some changes to our real estate business practices to preserve consumer choices regarding real estate services and provide greater transparency relating to broker compensation for those services. Different terminology and a multitude of new forms have understandably created confusion among real estate Sales Associates. For example, “commission” is now called “compensation” and a “credit” is now called a “concession”.

Lets break those two terms down a little further. (Read more in the link.)

EVENTS

MLS TOOLS

REALTORS® POLITICAL ACTION COMMITTEE (RPAC)

PROFESSIONAL STANDARDS

FAIR HOUSING TRAINING REQUIREMENT

Beginning January 1, 2025, REALTORS® are required to complete Fair Housing/Anti-Bias Training coinciding with each Code of Ethics training cycle.

DIGITAL COMMUNICATION

View NABOR^® VIDEOS on our YouTube Channel. Share them with your associates and customers!

REALTOR^® STORE

CLASSIC ESTATE KEYS



Crafted with precision and elegance, these key blanks are made from 100% recycled brass. They embody both sustainability and luxury with their intricate detailing and superior craftsmanship. This is an accessory that complements a sophisticated lifestyle and will upgrade a home or office door lock with its high-quality and beautiful design. What a great closing gift!

For sale in the REALTOR^® Store for $29!

SUPRA

If you'd like Supra e-KEY^® activation services, please contact Alyssa at 239-597-1666 or alyssa@nabor.com to schedule a phone appointment.

For Supra questions and troubleshooting services, please contact supra@nabor.com, call 239-597-1666 or contact the Supra support line at 877-699-6787.

PROFESSIONAL DEVELOPMENT

A full range of classes are available for your professional development. Many are free or at a very low cost. View the class schedule at the link on the right.

Members,

I’m excited to share that July is shaping up to be an active and engaging month at NABOR®! Your dedicated staff has been hard at work planning some of the finest educational programs and social opportunities available to help support your success. We encourage you to take a moment to review the list of upcoming events and mark your calendar for those that align with your interests and professional goals.

As always, thank you for your continued membership. We are honored to serve you and remain committed to delivering the highest quality services and support.

July 07 – Core Law: Minimize the Legal Risk - ZOOM

July 09 – Be the Change: Fair Housing – ZOOM

July 14 – Florida REALTORS® District 5 Meet the Candidates and Broker Forum

July 15 – GRI 100

July 16 – GRI 101

July 18 – Six Layer Strategy for Social Media Content

July 19 – Homebuyer Expo

July 23/24 – GRI 102

July 28 – REALTOR® Safety: Smart Business

July 30/31 – GRI 103

Board of Director Motions:

MOTION: Made, seconded, and carried that the Board of Directors of the Naples Area Board of REALTORS® and Association of Real Estate Professionals, Inc. (NABOR®) approve the following names to serve on the 2025 Nominating Committee. Nick Bobzien, Chair; PJ Smith, Vice-Chair; Corey McCloskey; Rick Fioretti; Bill Poteet; Mike Hughes; Al DiNicola; Alternate, Spencer Haynes.

MOTION: Made, seconded and carried that the RPAC Committee recommends to the Board of Directors of the Naples Area Board of REALTORS® and Association of Real Estate Professionals, Inc. (NABOR®) approve President Terrilyn VanGorder to assemble a Candidate Screening Task Force to cross-jurisdictionally screen the Senate District 28 race in July or August 2025.

MOTION: Made, seconded and carried that the RPAC Committee recommends to the Board of Directors of the Naples Area Board of REALTORS® and Association of Real Estate Professionals, Inc. (NABOR®) approve President Terrilyn VanGorder to assemble a Candidate Screening task Force to cross-jurisdictionally screen House District 82 in October 2025.

2024 Internal Audit summary

MOTION: Made, seconded and carried that the Budget & Finance Committee recommends that the Board of Directors of the Naples Area Board of REALTORS® and Association of Real Estate Professionals, Inc. (NABOR®) and M.L.S. of Naples, Inc. approve the Internal Audit Summary of the 2024 Books.

We appreciate your membership and strive to help your business grow.

Sincerely,

MARTY MANION, CAE, RCE, CIPS

Chief Executive Officer

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