WEEKLY NOTICES - June 15, 2018 - LEGAL BULLETIN: Common Interest Communities

Weekly Notices

June 15, 2018

Common Interest Communities

LEGAL BULLETIN 213

Senate Bill 6175, known as the

Washington Uniform Common Interest Ownership Act

is effective July 1, 2018.

The law imposes new requirements for "common interest communities," such as condos and plat communities.

A legal bulletin from NWMLS explaining the new law and corresponding new forms (pictured above) is available here.

The MLS Steering Committee is addressing the addition of a field on the Property Data Forms for this as well.

Register to Vote

1,722 Spokane County REALTORS ® are registered to vote.

322 are not.

Local decisions could be made by our difference - or indifference.

You have until July 9th to register online to vote in Washington state.

If you are not yet registered to vote in Washington state - or have clients who are new to the area and not yet registered to vote here - it's easy to do:

You will need one of the following:

a current Washington State driver license
a current Washington State ID card

Your ballot will be mailed on July 20th, and must be returned by Tuesday, August 7th.

New Homesnap Pro MLS App

Our new MLS mobile application (app) Homesnap Pro is now serving members.

SAR member Patrick Kendrick with Audubon Realty LLC says: " Thank you so much. This app is a beautiful game changer! :)"

SAR photo

Homesnap Pro office training is going well - here's a photo of the happy group at the Windermere North app training class this week (photo above).

Contact Edward at the SAR if you'd like to schedule a Homesnap Pro training class for your location - by email here or call 326-9222.

Get your Homesnap Pro App online here:

The old Homespotter app will remain functional for the next 10 days or so, as you become comfortable with this new platform.

You'll want to re-enter your existing clients into Homesnap Pro in order to stay in touch with them after this transition phase.

Legal Hotline: Winning the Offer Battle

NEW!

Washington REALTORS® Legal Hotline lawyer Annie Fitzsimmons is back with Part 10 of her new video series: Winning the Offer Battle Without Losing the War.

This week, Annie continues the discussion on buyers wanting to waive contingencies to make their offer as competitive as possible.

We've talked about the risks of that, but in this video Annie wants to focus on minimizing the risk to the buyer who makes an offer without contingencies.

Her new seven-minute video is online here:

Minimizing Buyer Risk on No contingency Offers

Part 10

Part 9:

Annie brings up the topic of "Delayed Seller Possession."

It gets tricky under Washington law.

Watch her new six-minute video online here:

Buyer's Offer of Delayed Seller Possession

Part 9

Part 8:

Annie talks about home sale contingencies - Buyer wants to buy a house but needs to sell his/her house first.

Watch the eight-minute video online here:

To Form 22B or not 22B

Part 8

Part 7:

Annie discusses why you want to warn your buyers before they abandon reviewing the HOA Docs.

Watch the five-minute video online here:

Buyer choosing not to review HOA documents?

Part 7

PART 6:

Annie talks about instances of the misuse of Form 22AD by Buyer's Broker.

Watch the eight-minute video online here:

Misuse of Form 22AD
Part #6

Part 5:

Buyer wants to make an offer more attractive to the Seller by waiving inspection contingencies.

Annie explains the extraordinary risks to buyer and also answers the question: "Does a buyer, who does not include an Inspection Contingency, still have the right to conduct an 'Information Only' inspection?"

Watch her nine-minute video online here:

Waiving Inspection Contingencies
Part #5

PART 4:

Annie discusses buyers who need financing but don't want to include a financing contingency in their offer in order to make the offer more attractive.

What are the risks to buyer and buyer's broker?

Annie gives points to consider before proceeding in this manner.

Her nine-minute video is online here:

The Risks of Not Including Financing Contingency when Buyer is Reliant Upon Financing

Part #4

PART 3:

Brokers have been writing some pretty unrealistic closing dates (a "fast" closing) on their Buyer's offers in the hopes of making their offer stand out to the Seller.

In this episode, Annie goes over potential risks for the Buyer.

Watch the six-minute video online here:

Brokers Writing Unrealistic Closing Dates
on Buyers' Offers

Part #3

PART 2:

In this video, Annie talks about which line on Page 6 of Form 17 buyer should sign.

Watch the 10-minute video online here:

Winning the Offer Battle without Loosing the War

Part #2

PART 1:

In part 1 of this series, imagine that your buyer cast too much caution to the wind and found themselves forfeiting earnest money, or maybe regretting having paid too much for the property, or possibly found that the property was riddled with conditions that they weren't aware of.

If your buyer loses that battle, you as the agent could be the collateral damage in the loss of that war.

Buyer might be likely to blame you saying that you failed to caution them sufficiently about the risk they were undertaking.

Annie wants to talk about some of the standards that are considered to be buyer protections.

See Annie's new seven-minute video online here:

Winning the Offer Battle without Losing the War
Part #1

RPR Relocation Packet

NEXT WEEK!

Tuesday, June 19th
11 a.m.

Create the Ultimate Relocation Packet With RPR

Join this online webinar to find out how to research an area for your clients and generate reports that highlight pivotal information in just a matter of minutes!

We'll show you how to use the following reports to educate your clients:

Market Activity Report
Neighborhood Report
Trade Area Report
Property Report

Lunch & Learn: E-Sign with TransactionDesk

Monday, July 9th

You are very welcome to our next Lunch & Learn event here at the SAR: instructor Karene Loman will help you get started - or become better at - using E-sign with TransactionDesk.

Download the event flyer with more information (pictured above), online here.

2018 REALTOR® Education

CONTINUING EDUCATION

Quality of Education

through SAR/WR Education Instructors

Here is the latest class listing from your SAR - offering the best live and local continuing real estate education classes for 2018.

Click on each class title, underlined in blue, to bring up a flyer for that class - suitable for posting in your office.

Register for these classes online here:

Please be in touch with Debbie at the SAR if you have any questions about these classes or your license education requirements, by phone at 326-9222 or by email.

Land and Acreage 101

NEXT WEEK!

Tuesday, June 19 - Land and Acreage 101 - with Jim Palmer, Jr.

Check-in: 8:15 a.m.

Class: 8:30 a.m. - 12:30 p.m.

at the SAR

4.0 hours

Code of Ethics: Standards for Success

Thursday, July 12 - Code of Ethics: Standards for Success - with Linda Miller Sheets.

Check-in: 8:15 a.m.

Class: 8:30 a.m. to 4:30 p.m.

at the SAR

7.5 hours

Purchase & Sale Agreement

Friday, July 13 - Purchase & Sale Agreement - with Sabrina Jones-Schroeder.

Check-in: 8:15 a.m.

Class: 8:30 a.m. to 5:00 p.m.

at the SAR

7.5 clock hours

What Else Do We Need

Purchase & Sale Agreement Addenda

Tuesday, July 24 - What Else do we Need - PSA Addenda - with Sabrina Jones-Schroeder.

Check-in: 8:15 a.m.

Class: 8:30 a.m. to 3:30 p.m.

at the SAR

6.0 clock hours

Current Issues in

Washington Residential Real Estate

Thursday, August 2 - Current Issues in Washington Residential Real Estate - with Sabrina Jones-Schroeder.

Check-in: 1:00 p.m.

Class: 1:30 p.m. to 4:30 p.m.

at the SAR

3.0 clock hours

Land and Acreage 200

Thursday, August 9 - Land & Acreage 200 - with Jim Palmer, Jr

Check-in: 8:15 a.m.

Class: 8:30 a.m. to 4:30 p.m.

at the SAR

7.5 clock hours

Purchase & Sale Agreement

Tuesday, August 21 - Purchase & Sale Agreement - with Sabrina Jones-Schroeder.

Check-in: 8:15 a.m.

Class: 8:30 a.m. to 5:00 p.m.

at the SAR

7.5 clock hours

Code of Ethics

Thursday, August 23 - Code of Ethics - with Linda Miller Sheets.

Check-in: 8:15 a.m.

Class: 8:30 a.m. to 4:30 p.m.

at the SAR

7.5 clock hours

SAR CALENDAR

Click on the calendar image below to see

the current SAR calendar showing dates and times

of classes, committees and events.

Other regional calendars:

VisitSpokane Events Calendar

Spokane Diversity/Cultural Calendar (JUNE)

The Spokesman-Review Events Calendar

Inlander Events Calendar

The Question #2


Ken SAX 2018 SAR President

Hello, REALTORS®:

My Presidential Advisory Group (PAG) has read through your narrative responses to our most recent question and has reported back to me with answers.

The group had a rather large task.

As we reported last week, we had tremendous response to our latest edition of The Question: 775 members responded to The Question - #2 - that's one-third of our total membership!

When asked, "Where do you want the Spokane Association of REALTORS® to focus on with technology," the top three answers were: Paragon/MLS, Mobile apps, and Transaction Desk.

See a larger version of the results (pictured above), online here.

Along with seeing the numbers, members of the PAG read through every single narrative comment.

We spent time researching and writing up answers to your most frequent questions, including Paragon, mobile apps, training, ZipForms and TransactionDesk, CMAs and RPR, and leadership outreach.

See our answers to your top half-dozen questions (pictured above), online here.

SAR Golf Tournament

Thursday, July 19th

The 2018 SAR Golf Tournament is coming soon!

This year's event will be Thursday, July 19th, at Down River Golf Course.

Download the event flyer - suitable for posting in your office and sharing with your colleagues - online here.

Small Business Workshop

NEXT WEEK!

Wednesday, June 20th

Triple-Nine Digital - created by The Spokesman-Review marketing division and named for its address: 999 West Riverside Avenue - will be offering a free small business workshop on Wednesday, June 20th.

First session: 11:30 a.m. to 1:00 p.m.

Second session: 4:30 p.m. to 6:00 p.m.

Beverages and light fare provided.

The workshop will cover these topics:

Google Virtual Tours

How to Claim your Business with Google

How to show up in Google Search Results

Manage your Business Reputation

Digital Advertising Process

How to Grow Your Business with Online Marketing

See the event flyer (pictured above) for more information, online here.

MLS Fees Due

DUE: JUNE 30TH!

Third Quarter MLS fees have been posted to the SAR member portal.

Your payment is due by June 30th.

Click on the button above to pay online now.

Please email Brenda at the SAR if you have a question about your fees or contact her by phone at 326-9222.

Thank you!

June is Home Ownership Month

June is

Homeownership Month!

June is Homeownership month - time to celebrate and promote the American Dream of owning a home!

NAR has created a new 2018 Homeownership Month graphic (pictured above) for you to share on your website and social media channels - we've already posted it to the SAR Facebook page.

Download this graphic and others to support Homeownership Month, online here.

See the new one-minute 2018 Homeownership Month video online here - and feel free to share it!

2018 Homeownership Month

Speed Networking

SAVE THE DATE:

August 9th!

Save the afternoon of Thursday, August 9th, on your calendar to join a Speed Networking event sponsored by Women's Council of REALTORS® and Young Professionals Network!

Download a printable version of the event flyer (pictured above), online here.

Annie's Coming to Town!

SAR photo

SAVE THE DATE!

Thursday, August 16th

Annie's coming to town this summer!

Annie Fitzsimmons, Washington REALTORS® Legal Hotline attorney (pictured above) is coming to Spokane with her new class "The Hotline vs. The Bottom Line."

You won't want to miss this interactive and energetic class with Annie and a panel of Spokane Association of REALTORS® Designated Brokers.

See the event flyer (pictured above), online here.

WR Fall Business Conference

SAVE THE DATES:

September 26-28, 2018

Washington REALTORS ® Fall Business Conference is coming to Spokane this year - September 26-28 - at the Davenport Grand Hotel!

Online registration will be open August 10.

Learn all about it, online here.

Certified Negotiation Expert

Thursday, June 28th

and

Friday, June 29th

Our friends at the Tri-City Association of REALTORS extend an invitation to all SAR members to join them for a Certified Negotiation Expert (CNE) class on Thursday and Friday, June 29-29 in Kennewick.

This designation course is designed to give you the knowledge, training, and ability needed to become an expert negotiator - a vital skill required for real estate transactions.

Download the class flyer (pictured above) for more information, online here.

The Voice for Real Estate

Competition in residential real estate has never been greater, speakers at a federal panel on the issue said.

The video covers that as well as the impact of the bank deregulation bill enacted into law last month and how stepped-up ethics enforcement will affect members.

Also covered are home sales trends and why landscaping is important to buyers.

See it all in the latest edition of The Voice for Real Estate - the eight-minute video is online here: