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2020 Real Estate Market Forum
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The committee is a non-profit corporation which develops a reliable database of statistics and trends in real estate and related activities in Spokane County, Washington and Kootenai and Bonner Counties, Idaho.
The Spokane Association of REALTORS® was an event sponsor.
This is an exciting year to be talking about real estate in the Inter-mountain West.
The Spokane-Coeur d'Alene market is Identified in several recent news reports as one of the hottest residential real estate markets in the nation.
2020 SAR President
Tom Clark (pictured above) spoke as part of a morning panel on regional residential real estate.
Clark shared the Spokane Association of REALTORS® predicts a 2% increase in unit sales this year (would be higher with more inventory), and a 7-9% sale price increase.
The National Association of REALTORS® predicts a 4% increase in unit sales this year with a 3.6% sale price increase.
Rob Curley, Editor, The Spokesman-Review (pictured above), also spoke at the forum.
In an age of revolutionary change in most businesses, Curley said every business needs to focus on five strategies to survive change - he calls them "The Five Ps:"
- Passion
- Practical
- Personal Communication
- Playful
- Pleasure
Unlike home search in our parents' generation, most home buyers today start their search online.
Still, most home buyers (about 90%) still choose to work with a real person - a REALTOR® - when it comes time to actually see a property and work a deal.
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Education Excellence/Membership Meeting
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THURSDAY, MARCH 19th
Welcome to the first Education Excellence event and Quarterly Membership Meeting of the new year!
Instructor Sabrina Jones-Schroeder will teach her excellent Core Curriculum class: Current Issues in Washington Real Estate (3.0 clock hours).
We'll take a mid-morning break for brunch, convene a short Quarterly Membership Meeting, then return to the class.
You'll be done by 1:00 p.m.
Early-bird registration ends March 11th.
See the event flyer (pictured above), suitable for posting and sharing in your office, online here.
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SAR Bylaws Vote
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BYLAWS VOTE
THURSDAY, MARCH 19, 2020
The Board of Directors of the Spokane Association of REALTORS® is submitting to the membership proposed Bylaw amendments.
The Bylaws will be voted on by the REALTOR® members present at the General Membership Meeting on
Thursday, March 19, 2020
at CenterPlace
See a redline copy of the Restated Bylaws of Spokane Association of REALTORS® (pictured above), online here.
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NAR: Economic Benefits of Home Ownership
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The slide above is just one of the impactful things you'll see in this all-new NAR Policy Forum on home ownership.
Lawrence Yun, NAR Chief Economist and David Bank, Senior Vice President, Rosen Consulting Group, present new NAR Research on the economic benefits of homeownership.
The 46-minute video is online here:
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NAR Policy Forum:
Why Homeownership Should Continue
To Be Incentivized by Our Federal Tax System
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Legal Hotline: When there is an I in Teams
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Washington REALTORS® Legal Hotline lawyer
Annie Fitzsimmons addresses these two scenarios:
1) Two brokers usually work together, whether they're representing a buyer or a seller. It turns out, in this scenario, that the two team members would like to represent different buyers, both interested in the same property. Is it lawful for each of the team members to represent a different buyer competing against each other?
2) Two brokers representing a seller together (both brokers are identified in the listing agreement as representing the seller. Now, one broker on that team has a buyer. Is broker allowed to break away from representing the seller and represent the buyer?
See the new six-minute video online here:
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When there IS an 'i' in Teams
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All-new Homesnap Pro is Here!
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The wait is over: The All-New Homesnap Pro just launched!
- Find homes for your buyers that other agents won't by leveraging unlimited
homeowner contact information and property history.
- Dominate your market by identifying seller leads in your preferred zips with advanced
property heatmaps and Likelihood to List scoring.
- Streamline your client collaboration with in-app messaging, client alerts, and more.
We're excited to bring you a tool that you can have right at your fingertips, on every device (computers, laptops, tablets, and smartphones).
Start exploring the All-New Homesnap Pro so you can get the most out of this incredible benefit!
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SAR Professional Development
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SAR Professional Development
SAR professional development classes and events bring the best local and state instructors/presenters here to Spokane to make it easy and affordable for you to stay current in your profession.
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
Tami at the SAR if you have any questions about these classes or your license education requirements, by phone at
326-9222 or by
email.
NEXT WEEK!
Check-in: 8:45 a.m.
Class: 9:00 a.m, to noon
at the SAR
3.0 clock hours
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Code of Ethics: Standards for Success
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This is the class for new Brokers!
Check-in: 8:!5 a.m.
Class: 8:30 a.m. to 4:30 p.m.
at the SAR
7.5 clock hours
Check-in: 11:45 a.m.
Class: Noon - 3:00 p.m.
at the SAR
3.0 clock hours
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The Code of Ethics for Real Estate Professionals
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This is the class for continuing Brokers!
Check-in: 8:15 a.m.
Class: 8:30 a.m. to 12:30 p.m.
at the SAR
4.0 clock hours
Check-in: 1:15 p.m.
Class: 1:30 p.m. to 4:30 p.m.
at the SAR
3.0 clock hours
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Statewide Purchase & Sale Agreement
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Check-in: 8:15 a.m.
Class: 8:30 a.m. to 5:00 p.m.
at the SAR
7.5 clock hours
9:00 a.m. to 4:00 p.m.
in Kennewick, WA
7.5 clock hours
9:00 a.m. to 4:00 p.m. both days
in Kennewick, WA
16 clock hours
8:30 a.m. to 5:00 p.m.
in Kennewick, WA
7.5 clock hours
Don't see what you're looking for here?
Washington REALTORS® has partnered with The CE Shop, the leader in online real estate education, to provide you with the highest quality Continuing Education courses.
These are state-approved, self-paced courses that you can take in the comfort of your own home or anywhere you have internet access.
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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:
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Hottest Housing Markets
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Spokane is #7 in REALTOR.COM®'s list of Top 20 markets for January.
In fact, nearly half of January's Top 20 markets are ranked outside the top 1-00 largest metros.
The trend shows people across the country are moving farther away from major metros.
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SAR 2020 Dues PAST DUE!
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Your SAR dues for 2020 are now past due.
Thank you if you have already paid them!
Dues may still be paid until February 29th but must, now, include the 10% late penalty.
Click on the image above to pay your SAR dues for 2020 online now, or print your invoice and pay by mail, or pay in person at the SAR: 1924 North Ash Street, Spokane WA 99205.
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REALTOR.com® Tax Guide
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Are you, or your clients, asking any of these questions:
Can I claim the Mortgage Interest Deduction?
Are Closing Costs tax deductible?
How long should I keep my tax records?
What tax deductions can I take on rental property?
Visit the REALTOR.com®
File with Confidence Tax Guide
online here.
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SNAP: Down Payment Assistance
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Our friends at SNAP (Spokane Neighborhood Action Partners) share word on their Down Payment Assistance Program that offers $10,000 down payment assistance for non-conforming loans.
A non-conforming loan is a loan that fails to meet bank criteria for funding.
Reasons include the loan amount is higher than the conforming loan limit, lack of sufficient credit, the unorthodox nature of the use of funds, or the collateral backing it.
If you have a client who doesn't qualify for a traditional loan, SNAP may be able to help.
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WCR: Spokane Housing Economic Forecast
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NEXT WEEK!
The Spokane-Eastern Washington Women's Council of REALTORS® invites all SAR members and friends to its March program - Spokane Housing Economic Forecast.
Guest speaker will be James Young, Director of the Washington Center for Real Estate Research.
This luncheon meeting will be held at the Mirabeau Park Hotel in Spokane Valley.
Come early for a head-shot opportunity with photographer Michael Kinney.
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SAVE THE DATE: Open House Weekend!
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SAVE THE DATE!
APRIL 25-26
The 10th annual Spokane REALTORS® Open House Weekend is coming
April 25-26 2020!
See
The Spokesman-Review special marketing opportunity for Spokane REALTORS® (pictured above),
online here.
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NAR: Remodeling Impact Report
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Homeowners and renters remodel, redesign, and restructure their home for a variety of reasons.
This report takes a deep dive into the reasons for remodeling, the success of taking on projects, and the increased happiness found in the home once a project is completed.
It also contains:
- The typical cost of 20 remodeling and replacement projects, as estimated by members of the National Association of the Remodeling Industry (NARI)
- How much appeal each project is likely to have for buyers, according to REALTORS®
- How much REALTORS®estimate that homeowners can recover on the cost of the projects if they sell the home.
Read NAR's
2019 Remodeling Impact Report (pictured above)
online here.
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Member Roster Update - February
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Updated for February
Click here to view the latest Member Roster Update (pictured above) - approved by the Board of Directors at its February meeting.
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Market Activity Report - January
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The SAR Market Activity Report for
January is now online.
See the latest full report -
a member-exclusive product
See the
January 2020
Market Snapshot Report
See the
2019 YEAR-END Market Snapshot Report (pictured above),
online here.
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Presented by your Spokane Association of REALTORS® 
See what's NEW at
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Quick Information
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Tech Helpline: 866-610-8939
Legal Hotline: 800-562-6027
Washington State Legislature Hotline: 800-562-6000
MLS Weekly News & Info
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2020 SAR Leadership
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2020 SAR PRESIDENT
Tom Clark
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PRESIDENT ELECT
Coldwell Banker Tomlinson N
951-9331
IMMEDIATE PAST PRESIDENT:
Gina Mosey
RE/MAX Inland Empire
953-3410
SECRETARY:
John L. Scott, Inc.
280-8595
TREASURER:
Windermere Airway Heights
688-4151
Executive Vice President
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2020 SAR Committee Chairs
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BUDGET/FINANCE:
688-4151
COMMUNICATIONS:
954-5647
FORMS:
999-7488
GOVERNMENTAL AFFAIRS:
218-8062
GRIEVANCE:
703-0385
MEMBERSHIP:
879-1636
MLS STEERING:
953-1666
PROFESSIONAL DEVELOPMENT:
951-9710
PROFESSIONAL STANDARDS:
994-0359
SERVING OUR SPOKANE:
879-5092
SPECIAL EVENTS:
953-3410
TECHNOLOGY:
342-0406
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