May 2020
News Spotlight
Latest New Mexico Public Health Orders
In short, with the exception of a new face covering/mask requirement, brokers, brokerages and associations may continue to do business as they have been doing since the issuance of the March 23, 2020 Public Health Order...

NAR 2020 Legislative Meetings - Watch recorded sessions now!
Attendance totals exceeded 28,000, according to  NAR , marking the largest  attendance  to date for the event.  NAR  2020 President Vince Malta kicked off the  virtual conference  during the NAR 360 session with a moment of silence for all those affected by the pandemic. If you were unable to attend, you can now view the recordings online...

2021 Budget, MLS Policy, NAR Campaign Changes Among Today’s Actions

The National Association of REALTORS® Board of Directors today passed new advocacy and MLS policies; approved the 2021 budget and funded important legislative and legal programs; ushered in the next slate of association leadership, and honored long-time leaders...

Notice to Members
County Clerks Directed to Refuse Remote Notaries
At the request of several County Clerk Offices throughout the state, the attorney for the County Clerks offered guidance regarding remote notaries. In short, the attorney opined that because a notarization performed pursuant to Executive Order 2020-015 violates the law...

Clear Cooperation: Clarification on Office Exclusives
Q: If the brokerage has multiple office locations, may the listing be shared with all locations?

Q: With an office-exclusive listing, may the listing broker contact buyers who the broker believes would be interested in the property?...

Applications Being Accepted for RPAC-NM Trustees
RPAC-New Mexico, the political action committee of the New Mexico Association of REALTORS®, has a total of five (5) openings for Trustees in three of the five NMAR Districts. The openings are in the following districts:
  • Northwest District (one opening)
  • Northeast District (one opening), and
  • Central District (three openings). 
All positions are for three-year terms (January 1, 2021 to December 31, 2023).

Housing Trends
April 2020 Sales Statistics - Sales off 14% from 2019
Even with business closures and new guidelines for showing houses and closing real estate transactions, according to numbers reported to the New Mexico Association of REALTORS (NMAR), April 2020 sales are off less than 14% from April 2019 sales numbers,” reports James Russ, 2020 NMAR President...

Residential Economic Issues & Trends
If you missed it, here is Lawrence Yun, PhD, NAR Chief Economist talking about market turbulence from COVID-19, where the economy is heading in 2020, and what this means for the residential real estate market.

Commercial Economic Issues & Trends
Presented by NAR Chief Economist Lawrence Yun at the Commercial Economic Issues and Trends Forum, originally presented during the 2020 REALTORS® Legislative Meetings, on Friday, May 8, 2020...

Government Affairs
Voters can tell that the 2020 New Mexico primary election is coming up because of the influx of direct mail and the print, broadcast and social media advertising. You still have time to vote absentee or vote early, if you wish. The Governor is also expected to call a special session of the Legislature in June to deal with the major budget shortfalls for state government. And, with the Covid-19 issues, NAR and NMAR are working for their membership.  

2020 New Mexico Housing Summit - Postponed!
After careful consideration, MFA has made the difficult decision to postpone the New Mexico Housing Summit until 2021 due to the COVID-19 crisis. 

NMAR will be working on hosting annual association meetings for this fall, so stay tuned!

Member Resources
Forms Update
The following new and revised NMAR Forms will be made available in your forms library in the next week:
  • 2104 - Purchase Agreement - Residential - revised
  • 5125 - Solar Panel System Addendum
  • 2115 - Bill of Sale - NEW!
  • 2314 - Radon Information Sheet - NEW!
  • 2504 - Acknowledgement of Transfer... - NEW!
  • 4660 - Seller's Bonus Buyer's Broker - NEW!
  • 5119 - Inspector Copyright Release - NEW!
  • 1106 - Listing Agreement - Exclusive Right to Sell -Revised.

Putting Members First with the Right Tools Right Now
NAR is taking steps to support members through these uncertain times. The  Right Tools, Right Now   initiative, which was activated once before in 2009, makes new and existing NAR products and services available for FREE or at significant discounts – right now – and is available to REALTORS® and REALTOR® Associations.

The program includes products, resources and services from all areas of the Association, including:
  • Webinars to help you manage your finances;
  • Education courses to expand your skills;
  • Timely market reports to inform your business and clients.
  • Digital tools for transactions and marketing
  • Resources for REALTOR® Associations

The   Center for REALTOR® Development   is also offering 30% off online courses through May 31, 2020.

Likes to Leads, How to Leverage Facebook Ads for Lead Capture
Learn to create your own Facebook lead forms targeted toward customized audiences. A special webinar led by the dynamic RPR Vice President of Marketing, Reggie Nicolay.

Mon, May 18, 2020:
1 pm ET • 12 pm CT • 11 am MT • 10 am PT