SMDRA WEEKLY NEWS & EVENTS • AUGUST 30, 2024 | |
Reporting status changes in REcolorado have gone from 3 business days to reporting in 3 DAYS, that includes weekends and holidays! There are fines involved, so please read the details of this post on the REcolorado Blog. | |
HAVE YOU COMPLETED YOUR REQUIRED ETHICS COURSE FOR
THE CURRENT ETHICS CYCLE 2022-2024?
CLICK HERE to check your status, submit your certificate or find a class.
The requirement can be met by taking the course through any
REALTOR® Association, including NAR and CAR and the CE Shop.
Certificates received from any other source WILL NOT be honored!
| |
SMDRA classes are offered IN-PERSON and on the ZOOM ONLINE platform in a live, online, instructor led format. Be sure to note where each class is held. Visit smdra.com for details.
| |
|
ZOOM NAR Code
of Ethics
Sep 3 - 1pm to 4pm
Members Free / $45 Others
3 CE Credits
Instructor: Doug Emmerich
| |  |
|
IN-PERSON 2024 Annual Comm. Update
Sep 4 - 12pm to 4pm
Members Free / $60 Others
4 CE Credits
Instructor: Mickey Sanders
| | |
|
ZOOM New Contracts and Forms - Aug 15th
Sep 4 - 1pm to 3pm
Members Free / $30 Others
2CE Credits
Instructor: Doug Emmerich
| |
|
ZOOM GRI 111: Legal Issues & Risk in Colo. Real Estate
Sep 5 - 10am to 2pm
$50 for Everyone
4 CE Credits
Instructor: Jon Terry
| | |
|
ZOOM Repeat and Referral: Secrets to Master. Top Platforms
Sep 10 - 10am to 11:30am
Members Free / $30 Others
0 CE Credits
Instructor: RETech Academy
| | |
|
IN-PERSON Creating Homeownership with CFA
Sep 10 - 1pm to 3pm
Members Free / $30 Others
2 CE Credits
Instructor: Elfriede Leicht
| |
FREE EDUCATION FOR SMDRA MEMBERS!
ALL CLASSES except designations and certifications are FREE for SMDRA members.
| |
UPCOMING DESIGNATIONS & CERTIFICATIONS | |
Accredited Buyer's Representative
ABR Designation Course
|
DATE: Tues & Wed, September 24&25, 2024
LOCATION: Online Zoom Format
TIME: 9:00am to 4:00pm
COST: FREE for Members / $350 Others
INSTRUCTOR: Mickey Sanders
If you are working with buyers be sure to take advantage of any resources and educational opportunities that will help you better represent them. And what better way to start than with a designation that was specifically designed to help you help buyers? Your buyers will thank you!
The ABR® course is the first step toward earning the ABR® designation and focuses on the key information and skills we need today when working with buyers, including how to:
- Walk buyers through written buyer representation agreements.
- Advocate for our clients’ best interests throughout the transaction.
- Articulate their value to the buyer-client.
- Work with data to complete insightful market analyses.
- Explain the range of financing options available to clients.
- Stay on top of emerging trends.
- Build relationships that carry beyond the closing.
| |
|
Pricing Strategy Advisor
PSA Certification
|
DATE: Thursday, October 10, 2024
LOCATION: Online Zoom Format
TIME: 9:00am to 4:30pm
COST: $99 for Members / $129 All Others
INSTRUCTOR: Rich Sands
CLASS DETAILS: The Pricing Strategy Advisor (PSA) certification is specifically designed to enhance your skills on pricing properties, creating CMAs, working with appraisers, and guiding clients through the anxieties and misperceptions they often have about home values.
Determining property values depends more than ever on professional expertise and competence, the best use of technology, and approaching the pricing assignment from various perspectives. Enhance your skills in pricing properties, creating CMAs, working with appraisers, and guiding clients through the anxieties and misperceptions they often have about home values with the PSA certification.
The key to competitive home pricing is becoming proficient at comparative market analyses (CMAs). In this class, you will learn how to evaluate the existing real estat market to take the guesswork out of pricing homes.
You will learn:
- Determine the market-based value range of a home
- Compile a CMA report for proper presentation
- Hone your pricing skills and practices
- How to work with appraisers
- How to adjust comparables
- The purpose and benefits of CMAs and how to guide clients through them
- How to identify appropriate comparables and where to find the information
- Terminology of pricing and valuation
- The Code of Ethics as it relates to pricing
- The role of supply and demand in pricing
- Specific challenges and special situations in making adjustments
| |
|
SUPPORT THOSE WHO SUPPORT YOU!
| |
This edition of the SMDRA Weekly Newsletter is made possible by the following businesses: | |
“Member Dues dollars do not pay for SMDRA Events – these are paid for
by sponsorships from your Affiliate and Industry Business Partners.
Please thank them by using their services to support our Association."
| |
September Town Hall Talks
General Membership Meeting
|
DATE: Friday, September 6, 2024
TIME: 9:00am to 10:00am – Doors Open at 8:45am
TOPIC: September Monthly SMDRA General Membership Meeting - Megyn Christiansen from Forewarn
SESSION INFORMATION: Town Hall Talks are the first Friday of every month. This will be a general SMDRA membership meeting, similar to Friday Fuze and Marketing Meetings of the past. An opportunity to catch up on what’s happening at SMDRA, a brief informational presentation, property marketing, buyers and sellers needs, networking with fellow SMDRA members and OF COURSE DONUTS!
TOPIC: Forewarn presentation via Zoom
DONUT SPONSOR:
Fidelity National Title
| |
|
Food Fun RPAC
2024 RPAC Roadshow
A Fundraiser for the REALTORS Political Action Committee (RPAC)
|
DATE: Tuesday, Sept. 10, 2024
TIME: 4:00pm-6:00pm
EVENT: 2024 RPAC Roadshow – A Fundraiser for The REALTORS® Political Action Committee (RPAC)
COST: Free
LOCATION: South Metro Denver REALTOR Association Event Center and Patio
6436 S. Racine Circle
Centennial, CO 80111
DESCRIPTION: Join us for a special RPAC event to learn more about becoming an RPAC investor and how your RPAC investments help shape the future of our communities and industry. There’ll be food, drinks, games and raffle prizes. PLUS, we have a great lineup of speakers including:
- Dr, Jessica Lutz, Deputy Chief Economist & Vice President of Research
- Brian Tanner, Vice President of Public Policy at the Colorado Association of Realtors®
- Kerrianne Brenzel, Director of Development and Communications at the Colorado Association of Realtors®
Tickets include admission, 1 meal and 1 dessert ticket to the Mile High City Sliders Food Truck and Best One Yet Ice Cream Truck.
Yard Games include Corn Hole, Ladder Ball, YardZee, Giant Jenga and Giant Connect 4!
| |
|
|
SMDRA Affiliate Meet & Greet
Orientation
| |
DATE: Thursday, September 12, 2024
TIME: 2:00pm to 3:30pm
TOPIC: Benefits of Affiliate Membership:
Get Connected!
SESSION INFORMATION: The SMDRA Affiliate Committee wants to help you get the most out of your Affiliate Membership.
This is an opportunity to learn about the ins and outs of the SMDRA Affiliate Program and how to get connected, to maximize your SMDRA membership.
| |
|
September Connections & Cocktails Member Networking |
DATE: Thursday, September 12, 2024
TIME: 4:00pm to 6:00pm – Doors Open at 3:45pm
TOPIC: Connections & Cocktails Networking
THIS IS A SMDRA MEMBER ONLY EVENT!
SESSION INFORMATION: Connections and Cocktails is the 2nd Thursday of each month from 4:00pm-6:00pm. Connections & Cocktails is a networking opportunity complete with light appetizers and cocktails. Each session will have a focus to educate members about ways to get involved, make industry connections and of course an opportunity to meet and connect with other SMDRA REALTOR® and Affiliate Industry Partner Members.
CONNECTIONS & COCKTAILS SPONSOR:
Deb Gustafson with Guaranteed Rate
| |
|
September Power Lunch: Removal of Compensation from REcolorado What You Need to Know | |
DATE: Tuesday, September 17, 2024
TIME: 11:00am-1:00pm
11:00-11:30 – Lunch and Networking
11:20-11:30 – Welcome/Announcement/Sponsor Recognition
11:30am-1:00pm– Presentation
TOPIC: Removal of Compensation from REcolorado: What You Need to Know
LOCATION: SMDRA Event Center
SPEAKER: Stacy Herbel, REcolorado Director of Education and Development
THIS IS A SMDRA MEMBER ONLY EVENT!
SESSION INFORMATION: Join us to learn about all system, data, and policy changes related to the removal of compensation from REcolorado.
CONNECTIONS & COCKTAILS SPONSOR:
Chris Tyrrell with Chris' Garage Doors
Visit Chris' Garage Doors Online
| |
|
2024 REALTOR Appreciation Breakfast & Vendor Fair | |
DATE: Friday, September 27, 2024
TIME: 7:45am-12:00pm
7:45am to 9:00am - Vendor Fair
9:00am to 10:30am - Breakfast & Speaker
10:40am to 11:45am - Vendor Fair
LOCATION: Hyatt Regency DTC, 7800 E Tufts Ave, Denver, CO 80237
TOPIC: Market Conditions – The Road Ahead
SPEAKER: Dr. Elliott Eisenberg
COST: REALTOR Appreciation Breakfast:
$0 – REALTOR Members
$45 – Affiliate Members
$55 – Non-Members/Non-Member Guests
Vendor Fair:
$450 – Vendor Table
$45 for additional Vendor Affiliate Tickets
CLICK HERE to reserve your vendor table
| |
|
|
RPACkle Ball - A Cosmic Pickle Ball Tournament presented by DMAR & SMDRA
A Fundraiser for the REALTORS Political Action Committee (RPAC)
| |
DATE: Thursday, October 10, 2024
TIME: 3pm-6pm
EVENT: Cosmic Pickle Ball Tournament
COST: $35 RPAC Investment
LOCATION: The Sporty Pickle
8650 S. Peoria St. Ste. 100
Englewood, CO 80112
DESCRIPTION: Join us for a Cosmic Pickle Ball Tournament at The Sporty Pickle! This friendly competition between the DMAR and SMDRA Associations is sure to make for an evening of fun and comradery, in support of RPAC. The cost to play is simply a $35 Investment in RPAC! Also included will be appetizers, a private bar and prizes for the best team costumes!
We will also have a raffle drawing for great prizes!
Members & Guests must be 21 years of age to attend.
PRIZES: Raffle Drawing for Great Prizes
Members and Guests Must be 21 to Attend
COST: $35 RPAC Investment includes:
Food & Drinks
| |
|
MARKET TRENDS & STATISTICS | | |
|
Get the SMDRA Market Trends & Statistics for July 2024 |
CLICK THE IMAGE to visit the Housing Market Trends and Statistics Resources page on the SMDRA website for the latest statistics resources.
Click the button below to download the latest statistic files.
| |
|
Resources to Navigate Practice Changes for You and Your Clients
National Association of REALTORS®
| |
NAR excited to share that they are rolling out new resources for Members and their clients to help them navigate the practice changes. They will focus on various aspects of working with an agent who is a REALTOR®.
The first in this series is a one-page, consumer-friendly guide on written buyer agreements: what they are, why consumers will be asked to sign them, and how they help create clarity and transparency at the start of a relationship between a buyer and their real estate professional. The resource, which is designed to be given directly to consumers during these discussions, is part of NAR’s ongoing campaign to help our members promote clarity and transparency with the consumers they serve.
Answering buyers who have questions about the settlement
How to accept and adapt to change
Educating home sellers on cooperative compensation
| |
|
|
An already slow summer housing market pumps the brakes a bit more in July as inventory grows but buyers choose to stay on the sideline
Colorado Association of REALTORS
| An already slow summer housing market pumped the brakes a little more in July as higher mortgage interest rates and a hesitant pool of buyers pushed the inventory of active listings up approximately 20% in both the seven-county Denver metro area and in markets across the state, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the Association’s spokespersons across Colorado. | |
|
|
Saying 'Yes' to Status Changes in
3 Days Makes the Market Work
REcolorado
|
Key takeaways:
• Brokers have three days to update their listing when it moves from one status to another, including Active to Pending and Pending to Closed.
• When a violation occurs to MLS Policy, Reporting Status Changes to the MLS, the offending broker is fined $50 for the first violation, $250 for the second, and $500 for the third. Repeat offenders will be referred to the committee for further action.
• Reminder, these untimely status changes result in an immediate automatic fine and notice.
| |
|
|
A BIG WIN for Real at the Legislature this Week!
REcolorado
| |
As the legislature wrestles with a number of proposals related to property taxes in a special session, one bad idea was defeated this evening thanks in large part to testimony from a number of REALTORS including SMDRA members.
HB1002 would have created sub classes of property ownership and excluded non primary residence properties (Second homes, income properties, etc.) from any tax relief coming out of the special session. it had similar language to proposition HH that was soundly defeated by voters in November of 2022 and would have undone a compromise that was reached earlier this year with Senate bill 233. The bill was "temporarily passed" - which means it dies on the desk without an official vote in the House Appropriations Committee.
It is still unclear as to what proposals will come out of this legislative session, but thanks to hard work of REALTORS and many others, a bad idea will not advance.
This type of legislative advocacy lies at the core of what our association works hard to do - protect our members and protect the real estate industry.
Many thanks to all the REALTORS who testified today!
| |
|
SUPPORT THOSE WHO SUPPORT YOU!
| |
This edition of the SMDRA Weekly Newsletter is made possible by our Platinum Corporate Sponsors: | | |
|
SMDRA REALTOR Member
Benefit - Forewarn!
|
SMDRA is thrilled to announce a COMPLIMENTARY proactive safety and lead intelligence service for all SMDRA REALTOR Members!
Quickly becoming the industry standard for safety and prospect intelligence, FOREWARN is a revolutionary application that allows agents to have instant due diligence on prospects. In seconds, with as little information as a phone number or name, SMDRA REALTOR Members can verify a prospect’s identity, criminal records, bankruptcies, liens, judgments, address history and property records all in one place, leading to safer and more productive interactions.
| | |
|
SMDRA Event & Meeting Rentals |
Are you looking for a venue to:
- Host your company's annual meeting?
- Have your holiday party or event?
- Teach an educational class for your employees?
- Hold a wedding celebration?
- Or a place to just meet, whatever your reason might be!
- SMDRA Member discount available
The South Metro Denver REALTOR® Association's Event Center, Lobby, Patio, Legacy Room, Board Room and Training Room are available for day, evening and weekend rentals. Contact us today for rental rates and space availability
Email Susan Cooper at susan@smdra.com for questions and additional information.
| | |
|
|
BE ON GAURD AT ALL TIMES during an open house, especially at the end when one or two people may linger in the property.
Learn more at www.NAR.realtor/safety
| |
SENTRILOCK @ YOUR SERVICE | |
IMPORTANT UPDATE:
ShowingTimes and BrokerBay are NO LONGER Generating Access Codes for SentriLock Boxes
SentriLock®
|
In case you didn't know, ShowingTimes and BrokerBay are NO LONGER generating access codes for SentriLock boxes. Download our helpful Frequently Asked Questions document for instruction and helpful videos, on how to generate codes for property access.
Need HELP with Your
SentriLock Lockboxes?
Call the SMDRA Office at 303-797-3700
WE CAN HELP TOO!
| |
|
CORPORATE SPONSORS & PARTNERS | |
Interested in advertising in our newsletter?
DOWNLOAD the current SMDRA Scoop Rate Sheet for information!
| | | | |
