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SMDRA WEEKLY NEWS & EVENTS • JANUARY 26, 2024 |
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State of Colorado Bill Updates |
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Download the PDF document that contains State of Colorado Bill Updates from the Colorado Association of REALTORS' January 22, 2024 Capitol Connections. This document contains information and links to keep you up-to-date on the current bill and happenings we are watching at the State Capitol. |
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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.
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IN-PERSON 2024 Annual Commission Update
Feb 1 - 9am to 1pm
Members Free / $60 Others
4 CE Credits
Instructor: David Barber
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ZOOM Short Sales
and Foreclosure
Feb 1 - 12pm to 4pm
Members Free / $60 Others
4 CE Credits
Instructor: Mickey Sanders
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IN-PERSON Agent of
the Future
Feb 6 - 10am to 2pm
Members Free / $60 Others
0 CE Credits
Instructor: Hudson & Hebener
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IN-PERSON How to Protect Your Clients from Metro Districts
Feb 7 - 10am to 11am
Members Free / $20 Others
1 CE Credits
Instructor: Lonnie Glessner
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ZOOM GRI 101: Appra-ising for REALTORS
Feb 7 - 12pm to 4pm
$50 for Everyone
4 CE Credits
Instructor: Okie Arnot
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IN-PERSON GRI 113: Negotiating
Feb 13 - 9am to 1pm
$50 for Everyone
4 CE Credits
Instructor: Jack O'Connor
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FREE EDUCATION FOR SMDRA MEMBERS!
ALL CLASSES except designations and certifications are FREE for SMDRA members.
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UPCOMING DESIGNATIONS & CERTIFICATIONS |
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Seller Representative Specialist
SRS Designation
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DATE: Wed & Thu, March 6&7, 2024
TIME: 9:00am to 5:00pm
COST: $195 Members / $215 Others
FORMAT: Zoom Online Format
CE CREDITS: 14
INSTRUCTOR: Mickey Sanders
DESCRIPTION: The Seller Representative Specialist (SRS) designation, recognized by the National Association of REALTORS®, is the premier credential in seller representation. It is designed to elevate professional standards and enhance personal performance. SRS is a global community of REALTORS® who use their ideas and expertise to professionally and ethically represent sellers. To learn more about the SRS designation and the requirements, click here.
Topics covered include:
- Developing your value proposition and crafting your message
- Prospecting tactics & tools to generate business
- How to effectively prepare for the listing appointment and meeting with the seller
- Tools and strategies to market the listing
- Understanding different offers and the presentation of offers
- Understanding and application of the Code of Ethics
- Tools and techniques providing support and services the seller wants and needs.
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Accredited Buyer's Representative (ABR) Designation |
DATE: Wed & Thu, March 27&28, 2024
TIME: 9:00am to 4:00pm
COST: $195 Members / $215 Others
FORMAT: Zoom Online Format
CE CREDITS: 12
INSTRUCTOR: Rich Sands
DESCRIPTION: 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!
Earning an Accredited Buyer's Representative (ABR®) designation may be just the thing you need to stake your claim as a local real estate market expert and give you an edge over your competition.
Reasons to Earn Your ABR®:
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Build your credibility. When you focus your real estate business on one type of customer, the homebuyer, you gain a reputation as the local expert for homebuyers in your community.
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Build a referral network in your local market. You can build a referral network among listing agents by becoming an ABR®. They see you as an ally and not a competitor. Homebuyers view you as having the "inside scoop" on the available housing inventory because of your referral network.
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Become a buyer's advocate. Become your client's advocate by using your skills to search for homes beyond traditional MLS services and opening a wider range of options for your clients
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Real Estate Negotiation Expert - RENE Certification |
DATE: Wed & Thu, April 24&25, 2024
TIME: 9:00am to 5:00pm
COST: $195 Members / $215 Others
FORMAT: Zoom Online Format
CE CREDITS: 14
INSTRUCTOR: Rich Sands
DESCRIPTION: The Real Estate Negotiation Expert (RENE) certification is for real estate professionals who want to sharpen their negotiation skills. The RENE certification program gives Realtors® the tips and tools they need to be skillful advocates for their clients. This two day, interactive experience will help negotiators elevate their game. The course examines all types of negotiation formats and methods so that today's negotiators can play the game to win. A full spectrum of tips, tools, techniques, and advantages are provided so that negotiators can provide effective results for their clients. The second day of the course will focus on real-world field scenarios to help negotiators apply the power tools, techniques and tactics learned on the day one. Understanding the tactics and techniques is one thing, but learning how to recognize them and using them effectively requires practice.
Day 1: The Power Negotiator’s Playbook
Day 2: Advanced Field Negotiations
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SUPPORT THOSE WHO SUPPORT YOU!
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This edition of the SMDRA Weekly Newsletter is made possible by the following businesses: |
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“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."
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February Town Hall
Talks Member Meeting
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DATE: Friday, February 2, 2024
TIME: 8:30am to 9:30am – Doors Open at 8:15am
TOPIC: February Monthly SMDRA General Membership Meeting
Diversity with the SMDRA I.D.E.A. Committee
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!
The topic for February is Diversity with the SMDRA I.D.E.A. Committee.
DONUT SPONSOR:
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February Connections & Cocktails Member Networking Event
Valentine's Day Edition
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DATE: Thursday, February 8, 2024
TIME: 4:00pm to 6:00pm – Doors Open at 3:45pm
TOPIC: Connections & Cocktails Networking
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:
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February Power Lunch:
SMDRA Affinity Groups
Panel Discussion
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DATE: Tuesday, February 20, 2024
TIME: 11:00am-11:20am – Lunch and Networking
11:20 Welcome Announcements & Sponsor
11:30am-1:00pm – Program
TOPIC: Affinity Groups Panel
Moderated by IDEA & YPN Committees
LOCATION: SMDRA Event Center
SESSION INFORMATION: Here’s your opportunity to meet SMDRA’s Diversity Affinity Groups/Industry Partners. This panel discussion format will allow our Affinity Group Representatives to share what they do, what are their biggest victories and how our members can get involved. Groups that will be joining us are:
• AREAA
• LGBTQ+ Alliance
• NAHREP
• NAREB
• WCR
POWER LUNCH SPONSOR:
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International Women's Day Panel |
DATE: Friday, March 8, 2024
TIME: 11:00am-1:00pm
TOPIC: International Women's Day Panel
Moderated by Women's Council of REALTOR - Mile High Chapter
LOCATION: SMDRA Event Center
SESSION INFORMATION: Join us Fri, Mar 08, 2024 in Collaboration with the South Metro Denver REALTOR® Association for our 3rd Annual gathering as we celebrate women's achievements as professionals.
This year's panel of women vary in experiences and insights but all have one thing in common. Saying "YES" to what scared them, launching them into the next level of success. This event offers a unique opportunity to learn from their stories and gain valuable advice.
Whether you're a professional, an entrepreneur, or simply interested in women's empowerment, this panel discussion promises to be engaging and thought-provoking. Don't miss out on the chance to connect with like-minded individuals and celebrate the achievements of women.
Your ticket includes lunch, gifts, a welcoming community of peers, and and opportunity to leave full of motivation and excitement!
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SMDRA Affiliate Meet and
Greet Orientation
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DATE: Thursday, March 14, 2024
TIME: 2:30am – 3:30pm
SPEAKERS: SMDRA Staff & Affiliate Committee
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.
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2024 Diamond Circle Awards & Charity Silent Auction |
DATE: Friday, April 19, 2024
TIME: 5:30pm-10:00pm
Cocktails & Silent Auction: 5:30pm to 7:00pm
Dinner & Awards: 7:00pm to 9:30pm
Winner Photos: 9:30 to 10:00pm
LOCATION: Hyatt Regency DTC
7800 E Tufts Ave, Denver, CO 80237
303-779-1234
EMCEE: Scott Peterson
COME CELEBRATE YOU! Don’t miss the biggest event of the year as we honor the top producers in the South Metro Denver REALTOR® Association.
We will be awarding the prestigious Diamond Circle Club status to all of the REALTORS® whose pursuit of excellence has placed them above and beyond their peers. REALTORS® who are putting in the work, redefining brilliance, and excellence in real estate. This event recognizes REALTORS® for their accomplishment of outstanding levels of production in real estate transactions during the calendar year of January 1, 2023 to December 31, 2023.
INTERESTED IN BECOMING A SPONSOR?
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MARKET TRENDS & STATISTICS |
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Get the SMDRA Market Trends & Statistics for December 2023 |
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.
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NAR's New President: Kevin Sears 'I'm Ready, Able to Lead'
National Association of REALTORS®
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NAR’s new president, who’s stepping in early after the resignation of Tracy Kasper, says he’s prepared to lead the association and its members forward. “We are fully engaged on the legal, business and advocacy challenges that are top priority to you and the clients you serve,” Sears says. Watch his special message to you.
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Community and Member Notice from Colorado Association of REALTORS
Colorado Association of REALTORS
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With a growing number of AI voice cloning scams occurring across the country, we have learned that one of our own Colorado REALTOR® members recently fell victim to identity theft scammers who used his personal information to create a series of harassing robocalls that were fraudulently attributed to his phone number. We urge our members and the entire community to remain vigilant against such sophisticated scams and this disturbing, fraudulent trend that is on the rise. |
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Denver Housing Market
Active in December
REcolorado
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As mortgage rates fell steadily in December, buyer activity picked up in the Denver Metro area. Throughout the month, home shoppers executed contracts on 2,469 listings, which is an increase of 13% compared to last December. The number of listings pending sale is a leading indicator of home closings that could take place in the coming months. |
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State News: CAR Opposes a Bill to Tax Short Term Rental Properties at a Commercial Rate
Nick Bokone, SMDRA's Public Affairs and Outreach Consultant and NAR
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Senate Bill 33 came out of the Legislative Oversight Committee Concerning Tax Policy this past fall, previously known as “Bill C.” This legislation is sponsored by Sen. Chris Hansen (SD 31) and Rep. Mike Weissman (HD 36). This measure, if passed, would reclassify how short-term rentals are taxed for property tax years starting on January 1, 2026. Short-term rentals (STRs) are defined as stays that are less than 30 consecutive days; any stays that are longer than 30 consecutive days are considered long-term rentals and will remain classified as residential property. SB 33 specifies that if a STR is leased for short-term stays for more than 90 nights and is not a primary residence, it will be assessed at a higher rate and classified as lodging property. Currently, short-term rentals are taxed at the residential rate of 6.7%, and this proposed legislation would change the tax rate from 6.7% to 27.9%. This bill will require assessors to notify STR owners of the number of days during the prior property tax year that determined the property was used as a short-term stay. The owner can dispute the number of days specified by the assessor but will be required to prove that the STR was leased for a different number of days for short-term stays. SB 33 will also create a pilot program established by the property tax administrator to develop a statewide database and reporting system to track STR units. SB 33 is currently scheduled for the Senate Finance Committee on February 13, starting at 2 pm. CAR is opposed to Senate Bill 33 as introduced as it would quadruple the property tax rate for a number of property owners who use their properties as short-term rentals. It would also redefine a residential property as a commercial property, creating a dangerous precedent and lending challenges. Setting an arbitrary line of 90 nights could have a detrimental impact on tourism and local communities.
The Colorado Association of REALTORS® (CAR) have also been engaged on a strategic counterproposal that would exempt primary and secondary residences from being classified as lodging regardless if used as an STR and therefore, both residences would not be taxed at the higher 27.9% rate.
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SUPPORT THOSE WHO SUPPORT YOU!
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This edition of the SMDRA Weekly Newsletter is made possible by our Platinum Corporate Sponsors: |
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IF YOU ARE IN AN UNFAMILIAR AREA, make mental notes of landmarks, points of interest and intersections. And always know the exact address of where you are going.
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SMDRA REALTOR Member
Benefit - Forewarn!
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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.
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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.
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SENTRILOCK @ YOUR SERVICE |
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SentriLock Resources
at Your Fingertips!
SentriLock®
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Did you know there a HUGE LIBRARY of information right at your finger tips for all things SentriLock? Here's a few links to check out:
For Lockbox Support:
513-618-5800
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Need HELP with Your
SentriLock Lockboxes?
Call the SMDRA Office at 303-797-3700
WE CAN HELP TOO!
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CORPORATE SPONSORS & PARTNERS |
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Interested in advertising in our newsletter?
DOWNLOAD the current SMDRA Scoop Rate Sheet for information!
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