Weekly Notices
Friday, February 12, 2021
   
 
 
QUICK LINKS: 

SAR Convenes Housing Needs Summit 

 
   
 
NEXT WEEK!
Wednesday, February 17th, 1 p.m. 
  
Join us for an in-depth conversation about housing needs and challenges in the Spokane area with local, regional, and national experts. 
 
Spokane Region Housing Needs Summit 2021 will be held online Wednesday, February 17th, at 1 p.m., convened by your Spokane Association of REALTORS®.
 
Attend this important program and take away a market-based needs assessment for the Spokane region. 
 
 
Find more information and a registration link online here: 
 
 
 
    
 
 
Spokane County Eases to Phase 2 
         
 
 
NEW!
Spokane County Eases to Phase 2  
    
   
Governor Jay Inslee, Thursday, eased the East Region (Spokane County) to Phase 2 - effective Sunday (2/14).



  
Governor Jay Inslee on Twitter 2/11:
Those regions progressing will be able to do so starting Sun., Feb. 14. This creates more options for restaurants to make Valentine's Day special for couples who hoped they could have a night out. (And if it's a first date that doesn't go well, remind them to stay 6 feet away).


Opening indoor dining, museums, and concert halls is the biggest change, though these will be limited to 25% capacity.

Limited, in-person open houses will now permitted.

Brokers must ensure that no more than ten (10) people are on site, including the broker, and that all other required protocols are followed (face coverings, social distancing, sanitation, etc.).


 
For clarification on which real estate activities will be permitted (beginning Sunday), and the protocols required for permitted activities, please consult the new WR FAQ - REVISED FEBRUARY 2 document (pictured above) online here.

 

 
Inventory at All-time Low
 
 
NEW!
  
The number of available homes in Spokane County dropped to an all-time low in January, primarily fueled by low interest rates and high demand.
 
Spokane County had 164 properties on the market in January, representing little more than a 10-day supply of homes. That means it would take about 10 days to sell all homes on the market in the county. A balanced housing market typically has a six-month supply.
 
Rob Higgins, Spokane Association of Realtors executive officer, said the county's housing inventory last month was at its lowest point since the association began keeping records in the 1980s.
 
 
 
Read the entire article in Wednesday's edition of The Spokesman-Review, or online here
 
  
 
 

 
 
 
As businesses re-open workplaces to workers, clients and the public, having a comprehensive re-entry plan in place will help ensure the health and safety of those in your office, and also protect your business from potential liability related to COVID-19 exposure in the workplace.
 
NAR offers a new "Window to the Law" video to support your efforts in this direction.
 
It runs four-minutes:
   
 
Window to the Law: Making Your Workplace COVID-Safe 
Window to the Law: Making Your Workplace COVID-Safe
 
 
 
 

Property Tax Deadline Extended 
 
    
 
 
  
Spokane County Treasurer Michael Baumgartner shares word that he has authorized an extension on the due-date for First Half 2021 property taxes to May 31st.
 
This one-time one-month extension gives Spokane County taxpayers until the end of May to pay their first-half property taxes without accruing interest or penalty charges.
 
Annual tax statements will arrive in county mailboxes in early March.
 
 
 
If you'd like to share this announcement with your clients, the county has a good public-facing information page with more details online here
 
     
Black History Month  
     

 
 
Thursday, February 18th, at 10 a.m. 
 
 
The Washington REALTORS® Black History Month series continues with Rashad Norris, Director of Community Engagement at Highline College.
 
 
 
He'll present: WAIT! Know my HISTORY; Know Thyself; Know my PRESENCE virtually on Thursday, February 18th, at 10 a.m.  
  
Rashad will be using Black history to talk about courage, empowerment and resiliency in the Black community.  
   
 
 
 
 
     
Dangerous Business Practices 
         
 
 
 
NEW!
 
   
Washington REALTORS® Legal Hotline lawyer Annie Fitzsimmons is seeing some dangerous business practices occurring in this seller's market.

So, this week, Annie continues a new video series with RE/MAX Integrity Owner Broker Paul Blumenstetter to focus on these dangerous practices with a goal of helping us all avoid them.

In this video (#3 in the series), Annie and Paul discuss the dangerous practice of buyers, who are often frustrated that they're unable to get a property, who choose to make offers that waive all inspections. They'll cover risks to the buyer, buyer's broker, and listing broker.

The video is online here, and runs about 17-minutes:


Dangerous Business Practices in a Sellers Market Part 3
Dangerous Business Practices in a Sellers Market Part 3





The second video in this series is on-line here - in this video, Annie and Paul discuss dangerous practices on behalf of buyer broker's and how to protect yourself and your firm from future lawsuits if your buyer decides to make risky offers.

The video runs nine-minutes:


Dangerous Business Practices in a Sellers Market Part 2
Dangerous Business Practices in a Sellers Market Part 2





The first video in this series is online here - it covers things Annie is seeing from listing brokers, and runs 20-minutes:


Dangerous Business Practices in a Sellers Market, Part 1
Dangerous Business Practices in a Sellers Market, Part 1
  
 
 
 
Commit to C2EX Today! 

 
 
   
 
Have you made the REALTORS® Commitment to Excellence?    
 
Commitment to Excellence (C2EX) from the National Association of REALTORS® empowers REALTORS® to evaluate, enhance and showcase their highest levels of professionalism.  
 
It's not a course, class or designation - it's an Endorsement that REALTORS® can promote when serving clients and other REALTORS®.
 
We are very proud to announce that there are now over 50,000 members participating in the program!  
 
You can commit, too!  
   
Visit the C2EX website to learn more online here
 
    
 
SAR Professional Development 

 
SAR Professional Development 
 
   
 
Please be in touch with Tami at the SAR if you have any questions about classes or your license education requirements, by phone at 326-9222 or by email.
 
   
 
 
 
   
 
NEXT WEEK!
 
Tuesday, February 16th 
Biggest Bloopers & Blunders we make in our Statewide Forms with Ken Sax
1:00 p.m. to 4:30 p.m.
 
3.5 clock hours 
 
 
 
 

 
 

  

 

Expanding Housing Opportunities

Thursday, February 25, 9 a.m. 

 

Expanding Housing Opportunities is a 4-hour education course developed by the National Association of REALTORS®.   

This course will be taught by Washington REALTORS® Senior Faculty member Jan Ellingson. 
 
The course is designed to help real estate professionals understand affordable housing issues and how their role in increasing housing opportunities.
Course participants will learn how to:
  • Identify and explain the range of affordable housing opportunities and their benefits to clients.
  • Describe how affordability affects the housing market, their clients, their business, and their community.
  • Better analyze affordable financing options, including local, state, federal, and nonprofit assistance programs for buyers and renters.
  • Build partnerships to expand housing opportunities through advocacy, workforce housing initiatives, and green building concepts.
 

 
 

 
 
 

Successfully Selling HUD Homes  
Friday, February 26
9 a.m. to noon
 
 
This course will prepare you to successfully sell HUD Homes. You'll learn the NAID application portal; how to find inventory and place bids; bidding tips and understanding bidding timelines; how to understand HUD's contract and addendum's and so much more.
 
 
 
 
 
 
 
 
 
Enter code 199WB and get
all of 2021's webinars for $199!
 
 
 
   
 
   
 
   
In This Issue
SAR Convenes Housing Needs Summit
Spokane County Holds at Phase 1
Inventory at All-time Low
Making your Workplace COVID-safe
Property Tax Deadline Extended
Black History Month
Dangerous Business Practices
Commit to C2EX today!
SAR Professional Development
SAR CALENDAR
2021 Forms Changes
2021 RE Market Forum Cancelled
SAR 2021 Dues Past Due!
Tourism Summit
2021 NAR Legislative Days
2021 Code of Ethics
SAR Member Roster Update - January
SAR Market Activity Report - January - NEW!

SAR CALENDAR
 
Click on the image below to see
the current SAR calendar showing dates and times
of classes, committees, and events. 
 
 
 
 
 
Other regional calendars:
 
 
Spokane Diversity Calendar
- FEBRUARY - NEW! 
 
 
 
 
    
2021 Forms Changes 
 
 
NEW!

It's time for another round of forms changes!

 
Read the legal bulletin (pictured above) online here.   
 
 
 
 
 
Washington REALTORS® is offering a series of online, interactive classes with our Legal Hotline lawyer that will go over what you need to know for the new 2021 forms revisions.  
 
Forms revisions will be published for use by members on March 3rd so register today!  
 
Upcoming Dates for this class: February 16, February 19, February 23, February 25, March 1, March 2, March 4, March 9, March 11.
 
3.0 clock hours
 
Some dates are already full - register now!
 
 
 
 
 
 
 
  
2021 RE Market Forum Cancelled 
         
 
SAR file photo
 
 
CANCELLED FOR 2021   
 
   
Many members look forward, each February, to the Real Estate Market Forum.
 
The event typically attracts many important speakers and a large crowd - like it did last year at the Spokane Convention Center (pictured above).
 
The event is cancelled, this year, due to the pandemic. 
 
In a statement issued this week from the Real Estate Research Committee:  
 
The Board of Trustees of the Spokane-Kootenai Real Estate Research Committee has decided that it would be best to not try to organize a Real Estate Market Forum for 2021, due to a variety of reasons, but primarily because of very limited capacity at our regular venues, and uncertainty of when that will change.   

It is our intent to produce a Market Forum in 2022 at the Coeur d'Alene Resort.  We will attempt to book a February 2022 date there at our earliest opportunity.
 
 


 
SAR 2021 Dues Past Due! 

 
 
Your SAR dues for 2021 are now past due.
 
Thank you if you have already paid them!
 
Dues may still be paid until February 28th but must, now, include the 10% late penalty.
 
 
Click on the image above to pay your SAR dues for 2021 online now. 
 
  
  
Tourism Summit 

 
 
 
NEXT WEEK! 
 
 
Learn how regional tourism will help us recover from the COVID-19 lock-down at the 2021 Tourism Summit: Taking the Scenic Route to Recovery," happening virtually on Thursday, February 18th.
 
Tri County Economic Development District has joined forces with the North Central Washington Economic Development District to bring you this year's conference.  
 
See the agenda and register online here:
 

 
 
 
2021 NAR Legislative Days 

 
 
May 3-14
 
 
 
After careful consideration, the 2021 REALTORS® Legislative Meetings, now scheduled for May 3-14, 2021, will be virtual this year.  
 
Please view this video message from NAR President Charlie Oppler for more information surrounding this decision.   
 
 
2021 REALTORS® Legislative Meetings Going Virtual
2021 REALTORS® Legislative Meetings Going Virtual
 
 
Registration opens February 24.  
 
We look forward to welcoming you!  
 
 
The event website is online here. More content will be added as the event draws nearer. 
 
 
 
 
 
 
  
    
 
   
2021 Code of Ethics 
         
 
 
 
 
   
"Under all is the land."

Do you recognize that sentence opens our Code of Ethics?

"The Code," as it's often called, is newly updated for 2021 - adding the Code of Ethics' applicability to discriminatory speech and conduct.

Download your copy of the 2021 National Association of REALTORS® Code of Ethics and Standards of Practice (pictured above) online here.



 
The deadline for staying current with your Code of Ethics requirement in the current cycle is December 31st - the end of this year.
 
Check your status and sign up for virtual Code classes online here
 
 
SAR Member Roster Update - January

 
Updated for January
 
Click here to view the latest Member Roster Update (pictured above) - approved by the SAR Board of Directors at its most recent meeting.
   
Send a message to Brenda at the SAR with any changes.  
 

SAR Market Activity Report - January 
        

Market Activity Reports  
 
   
NEW!
Updated for January 
  
 
The SAR Market Activity Report for January is now online.
 
See the latest full report - a member-exclusive product
- and archived full reports, online here.
 
 
 
 
    
 

See the January 2021 Market Snapshot Report
(pictured above) online here.





See the 2020 Year End Market Snapshot Report (pictured above),  online here.



Quick Information
2021 SAR Leadership

This weekly newsletter is a member benefit of the

SPOKANE ASSOCIATION OF REALTORS®
 1924 North Ash Street 
Spokane, Washington 99205
T: 509. 326.9222
F: 509. 324.8650

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