November 2020
News Spotlight
New Mexico Health Order and Real Estate

We are in extraordinary times. The COVID-19 pandemic has become a health and economic crisis of nearly unprecedented proportions. Given the scale of the public health crisis, NMAR understands the urgency of the current situation and is working to be part of the solution to continue to carry on the business of real estate AND do so in a safe manner.

NMAR continues to work with the governor’s office to have real estate reinstated as an essential service and assure that real estate activities are conducted safely for buyers, sellers, and our members.
Highlights from NAR Board of Directors Meeting
On November 13, 2020, the NAR Board of Directors met and took historic action to strengthen REALTORS®’ commitment to fair housing, diversity, equality, and inclusion.

NAR Cracks Down on Hate Speech: REALTORS® who engage in hate speech or discriminatory conduct even outside their real estate practice could be disciplined under the Code of Ethics. For all Code of Ethics changes, click here.

MLS Standards: Eight recommendations to bring more consistent standards to REALTOR®-owned MLSs across the country were approved.

New Core Standards for associations: These standards, related to running virtual meetings and sponsoring diversity, inclusion, and fair housing programs, will go into effect with the 2021 cycle. 

Notice to Members
WANTED! State Political Coordinators
Here is your chance to get involved in the legislative process. As an NMAR SPC Coordinator, you will advocate on behalf of NMAR by encouraging advancement of NMAR’s legislative agenda. Apply now to be and SPC and be a part of NMAR’s legislative team!

Housing Trends
October's New Mexico Real Estate Market Remain Strong
2,431 October sales were reported to NMAR while median prices continued their climb setting another new record high. The October median was $259,900. Nearly one third of New Mexico’s counties reported numbers below the statewide average of 58 days on market. Los Alamos County continues to report the quickest sales time – 14 days, with Bernalillo County coming in second with an average of just 20 days-on-market.


Advocacy
NM Special Session Called
A special session of the legislature will be convened Tuesday, November 24, 2020 to deal with economic issues related to the COVID-19 shutdown. 

The 2021 60-day session of the New Mexico Legislature is scheduled to begin January 19, although some Republican lawmakers are suggesting it be delayed allowing more public access. Democrats, who hold the majority in both chambers, have indicated they will stay with the regular schedule. However, questions remain on how lawmakers will conduct business. To accommodate public input the Interim Legislative Council approved a lease with the Santa Fe Community Convention Center where the public would be able to testify on pending bills and safely distance.
NAR's Business Issues Policy Committee Lists 5 Issues for 2021
  1. Protecting Independent Contractor Status in Real Estate.
  2. Educating on Anti-Money-Laundering Efforts in Real Estate.
  3. Staying Alert About Real Estate Fraud.
  4. Making Real Estate Part of Ongoing COVID-19 Relief Efforts.
  5. Guarding Against Implicit Bias and Fair Housing Violations.

The 2020 Election was a Big Win for REALTORS®
Shannon McGahn, NAR’s chief advocacy officer, reports NAR supported 83 races nationwide, with 70 wins, six losses, and seven races still to be determined.

McGahn called RPAC the “most bipartisan PAC in the country,” contributing $4 million to individual races, almost evenly supporting Republicans and Democrats across the country. Another $20 million was spent on 12 federal independent expenditures, which largely includes political communications or advertisements.

NAR also collaborated with REALTOR® associations to support 285 state and local candidates who made it to the general election showdown. Nearly 200 of them won their races, four are going to a runoff, and 73 lost. A dozen others are still waiting for results. Of the 285 candidates, 70 are REALTORS®, 41 of whom won their races.

Events
NMAR January 2021 Meetings Go Virtual
Plans are being finalized for a virtual sessions to include a January Legal Update class, training for AEs and Board Presidents, and NMAR Committee meetings. Watch your email and www.nmrealtor.com for information.

A General Session to recap this year's activities, honor 2020 volunteers and RPAC award winners, and installation of 2021 NMAR officers and directors will be held immediately prior to the virtual Board of Directors meeting January 27, 2020.
Region XI Leadership Conference Registration is Open
Region XI Conference will be held at the Gaylord Hotel in Aurora, Colorado March 22-24, 2021.

Member Resources
Legal Hotline Closed
The Legal Hotline will be closed the week of December 7, 2020 (December 7-11, 2020). If you have any questions or need further assistance, please contact NMAR at
505-982-2442 or 800-224-2282.