Weekly Notices
Friday, February 28, 2020
2020 Real Estate Market Forum 

SAR photo

More than 700 people - the most ever - attended the 2020 Real Estate Market Forum, Thursday, presented by the Spokane-Kootenai Real Estate Research Committee.

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.

SAR photo

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.

SAR photo

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.    
Education Excellence/Membership Meeting   
SAR photo
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
SAR Bylaws Vote  
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.  
NAR: Economic Benefits of Home Ownership  
NAR photo
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:  
NAR Policy Forum: Why Homeownership Should Continue To Be Incentivized by Our Federal Tax System 
NAR Policy Forum:
Why Homeownership Should Continue
To Be Incentivized by Our Federal Tax System

Legal Hotline: When there is an I in Teams 
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: 
When there IS an 'i' in Teams
When there IS an 'i' in Teams

All-new Homesnap Pro is Here! 
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!
SAR Professional Development 

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.

Monday, March 2 - TransactionDesk: Basic Sale/Listing Creation - with Eric Johnson.
Check-in: 8:45 a.m.
Class: 9:00 a.m, to noon
at the SAR
3.0 clock hours
Code of Ethics: Standards for Success 
Code of Ethics: Standards for Success
This is the class for new Brokers! 
Tuesday, March 10 - Code of Ethics: Standards for Success - with Linda Miller Sheets.
Check-in: 8:!5 a.m.
Class: 8:30 a.m. to 4:30 p.m.
at the SAR
7.5 clock hours

Wednesday, March 11 - Radon in Real Estate - with David Gerard.
Check-in: 11:45 a.m.
Class: Noon - 3:00 p.m. 
at the SAR
3.0 clock hours  
Code of Ethics for Real Estate Professionals 
The Code of Ethics for Real Estate Professionals
This is the class for continuing Brokers! 
Thursday, March 12 - The Code of Ethics for Real Estate Professionals - with Linda Miller Sheets.
Check-in: 8:15 a.m.
Class: 8:30 a.m. to 12:30 p.m.
at the SAR
4.0 clock hours 
Thursday, March 12 - Success Basics for Landlords and Property Managers - with Eric Bessett.
Check-in: 1:15 p.m.
Class: 1:30 p.m. to 4:30 p.m.
at the SAR 
3.0 clock hours 
Purchase and Sale Agreement 
Statewide Purchase & Sale Agreement
Tuesday, March 17 - Statewide 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 
Tuesday, March 17 - CRB (Certified Real Estate Brokerage Manager) - with Adorna Carroll.
9:00 a.m. to 4:00 p.m.
in Kennewick, WA
7.5 clock hours
Wednesday and Thursday, March 18 & 19 - SRS (Seller Representative Specialist - with Adorna Carroll.
9:00 a.m. to 4:00 p.m. both days
in Kennewick, WA   
16 clock hours 
Thursday, July 9 - Marketing Strategy and Lead Generation - with Jan Ellingson.
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. 

In This Issue
2020 Real Estate Market Forum
Education Excellence/Membership Meeting
SAR Bylaws Vote
NAR: Economic Benefits of Home Ownership
Legal Hotline: Agency Law Pamphlet
All-new Homesnap Pro is Here!
SAR Professional Development
Hottest Housing Markets
SAR 2020 Dues Past Due!
REALTOR.com® Tax Guide
SNAP: Down Payment Assistance
WCR: Spokane Housing Economic Forecast
SAVE THE DATE: Open House Weekend!
NAR: Remodeling Impact Report
Member Roster Update - January
Market Activity Report - January

Click on the calendar image below to see
the current SAR calendar showing dates and times
of classes, committees, and events. 
Hottest Housing Markets 

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.

Read more on REALTOR.COM® online here.

SAR 2020 Dues PAST DUE!
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.
REALTOR.com® Tax Guide 
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.

SNAP: Down Payment Assistance 
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. 
WCR: Spokane Housing Economic Forecast  

Thursday, March 5th
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. 
SAVE THE DATE: Open House Weekend!  

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.
NAR: Remodeling Impact Report 
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
Member Roster Update - February    

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

Market Activity Report - January     

Market Activity Reports  
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 2020   Market Snapshot Report
(pictured above) online here.

See the 2019 YEAR-END Market Snapshot Report (pictured above),   online here.

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  1924 North Ash Street 
Spokane, Washington 99205
T: 509. 326.9222
F: 509. 324.8650