SMDRA WEEKLY NEWS & EVENTS • SEPTEMBER 13, 2024 | |
NAR's Consumer Guide Series | |
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NAR continues to roll out our “Consumer Guide” series, and they are pleased to share the latest resources on offers of compensation for home sellers. These resources cover the process and options available for offering compensation to a buyer’s agent and the reasons why this may be a compelling strategy for sellers to consider when marketing their property.
NAR hopes you are finding these resources to be useful, and they encourage you to continue to distribute them to inquiring consumers so they are armed with the information they need as they begin working with an agent who is a REALTOR®.
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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!
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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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ZOOM Short Sales and Foreclosure
Sep 18 - 9am to 1pm
Members Free / $60 Others
4 CE Credits
Instructor: Mickey Sanders
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ZOOM New Contract and Forms
Sep 19 - 10am to 12pm
Members Free / $30 Others
2 CE Credits
Instructor: Doug Emmerich
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ZOOM Colorado Real Estate Commissions Positions 101
Sep 19 - 1pm to 4pm
Members Free / $45 Others
3 CE Credits
Instructor: Tod Franklin
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ZOOM Accredited Buyer's Representative Designation - ABR
Sep 24&25 - 9am to 4pm
Members Free / $350 Others
12 CE Credits
Instructor: Mickey Sanders
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IN-PERSON Contracts 101 - Line by Line
Sep 24 - 1pm to 4pm
Members Free / $45 Others
3 CE Credits
Instructor: Donna Evins
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IN-PERSON NAR Code of Ethics
Sep 25 - 9am to 1pm
Members Free / $60 Others
4 CE Credits
Instructor: John Gillam
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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 | |
Accredited Buyer's Representative
ABR Designation Course
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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.
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Pricing Strategy Advisor
PSA Certification
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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
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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: | |
“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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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
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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
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RPACkle Ball - A Cosmic Pickle Ball Tournament presented by DMAR & SMDRA
A Fundraiser for the REALTORS Political Action Committee (RPAC)
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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
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MARKET TRENDS & STATISTICS | | |
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Get the SMDRA Market Trends & Statistics for August 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.
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Resources to Navigate Practice Changes for You and Your Clients
National Association of REALTORS®
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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
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Colorado Association of REALTORS Endorses 53 State Senate and House Candidates for Upcoming General Election
Colorado Association of REALTORS
| DENVER – The Colorado Association of REALTORS® (CAR) announced today its list of 53 candidate endorsements across Colorado State Senate and State Representative races for the upcoming General Election. The following 24 Republicans and 29 Democrats earned endorsements as approved by CAR’s Political Action Committee (CARPAC). | |
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Denver Metro Housing Market Sees Uptick in Buyer Activity Amidst Rising Inventory Levels
REcolorado
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The Denver metro area’s housing market exhibited a notable increase in buyer activity in August, according to the latest report from REcolorado, the state’s leading multiple listing service. The surge in activity is attributed to a combination of decreasing interest rates and an ample supply of homes on the market.
Throughout August, buyers executed contracts on 3,877 home listings—a 10% rise from August 2023 and a 6% increase from July 2024. This heightened activity comes as inventory levels remain robust, with 10,497 homes actively available for sale, marking the second consecutive month that active listings have exceeded the 10,000 mark. This level of inventory is the highest seen in over a decade.
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CAR Endorsements for State Senate and House
REcolorado
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Colorado REALTORS® support candidates and issues that build strong communities, protect private property rights, and promote a vibrant economic future for all Coloradans.
After careful consideration, the following candidates have communicated an aligned approach and shared values with our association and have earned our endorsement for their respective General Election on November 5th. Please consider supporting them when your ballot arrives in the mail after October 11th. Read our September 10th blog post here.
For information on voting or to update your voter registration, please visit www.GoVoteColorado.com. (Additional General Election endorsements may occur before November 5).
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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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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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STAY CONSCIOUS OF YOUR ACTIONS and words when you are showing an open house. Just remember, there could be audio and video recording devices on the property.
Learn more at www.NAR.realtor/safety
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SENTRILOCK @ YOUR SERVICE | |
IMPORTANT UPDATE:
ShowingTimes and BrokerBay are NO LONGER Generating Access Codes for SentriLock Boxes
SentriLock®
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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!
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CORPORATE SPONSORS & PARTNERS | |
Interested in advertising in our newsletter?
DOWNLOAD the current SMDRA Scoop Rate Sheet for information!
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