Next week at Spokane REALTORS®:
Tuesday January 31st - Communications Committee - 1:30 p.m.
Click on the calendar image to see the full SR calendar.
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Weekly Notices
January 27, 2023
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Federal Court:
DOJ Must Uphold Settlement with NAR
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The decision ends a Department of Justice inquiry into the association’s Clear Cooperation Policy and participation rule. |
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On Wednesday, a federal judge granted the National Association of REALTORS®’ petition to end a Department of Justice inquiry into the association’s Clear Cooperation Policy and participation rule.
NAR filed the petition in September 2021 after the Department of Justice announced it was backing out of a November 2020 settlement agreement.
That settlement agreement emphasized and furthered NAR’s longstanding pro-consumer guidance.
Even while the court was considering the petition, NAR moved forward with the terms of the settlement, clarifying its policies to further what was already their spirit and intent.
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Please take 30 seconds
and ask your Legislators to make the 2023 session a session where housing is the top priority.
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We know that housing inventory and affordability are at crisis levels in Washington.
We need your help to encourage our State Legislators to make Housing the top priority in the upcoming session.
Please use the form on this page to send a message to your state legislator, urging them to make 2023 the year where housing is a top priority!
Washington REALTORS® is working in a coalition on a number of housing bills including:
- encouraging more condominium and townhome development,
- allowing ADUs in rural areas,
- allowing the option of duplexes and triplexes in single-family neighborhoods.
Please take 30 seconds and ask your Legislators to make the 2023 session a session where housing is the top priority.
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2023 Hill Day brings
500+ REALTORS® to Olympia, 35 of those from Spokane.
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REALTORS® return in person to Olympia after two years of virtual meetings to discuss housing priorities with legislators. |
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2023 President Tom Hormel (left) and 2023 SR Governmental Affairs Committee Chair Tom Clark (Right) both attended Hill Day in Olympia, last week.
Here, they join to share a review of the event and offer some perspective on the value and success of this year's Hill Day.
The video runs about five-minutes.
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The Spokane Association of REALTORS® recently filed a Doing Business As (DBA) with the State of Washington after NAR approved the application from our board last year.
Our new branding name is Spokane Realtors® - SR instead of SAR.
This takes inspiration from the two-word title of our state organization - Washington Realtors® - and streamlines our colloquial name by removing a preposition and an unnecessary noun for our public-facing identity.
You're now a Spokane Realtors® member!
We're still the Spokane Association of Realtors® on all legal documents.
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Bill to ease Washington’s housing crisis would allow up to fourplex on all residential lots |
Single-family homes may soon be less common in new development across the state.
A bill making its way through the Legislature would allow “middle housing” – up to a fourplex – on all residential lots in cities of 6,000 or more.
The proposal is making its second appearance in the Legislature, this time with more cities covered and with bipartisan support. It comes at a time when the Legislature is looking to address the housing and homelessness crisis in a number of different ways, including with zoning, renter protections and affordable housing availability.
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The Vitalant Blood Mobile bus (pictured) was in the SR parking lot, this week, as members took a few minutes in their busy days to help others. |
Event chair Heather Schelling (pictured) says "It was a packed bus, full of energy and smiles! Vitalant has a two-day supply right now, they are in critical need. Seeing the members and staff pull together to help save lives is not only heart-warming but speaks to our commitment to our community."
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Many people believe that most blood is needed after major disasters.
However, daily personal emergencies and ongoing medical needs of thousands of patients require a constant and ready blood supply.
Watch for details here about our next SR blood drive, likely in March.
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Mortgage Rate Predictions So Far are Bearing Out |
The 30-year fixed-rate mortgage dropped again this week, another hopeful sign that more home shoppers will soon return to the market. |
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The interest rate for the 30-year fixed-rate mortgage averaged 6.15% this week, according to Freddie Mac, continuing its decline from a peak of 7.08% in mid-November.
Monthly mortgage payments have fallen about $300 per month in that time, says Nadia Evangelou, senior economist and director of forecasting for the National Association of REALTORS®.
And that could bring more home buyers back into the market.
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Tell the City of Spokane about your Personal Housing Journey |
The City of Spokane Planning Commission wants to know about your personal housing journey.
Feel free to share this opportunity to share your personal housing journey with your clients and friends.
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The Code ensures that consumers are served by requiring REALTORS® to cooperate with each other in furthering clients' best interests.
Presented here is the new 2023 edition of this living document, together with a new poster, to help you illuminate and share this founding document for our profession.
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FULL TEXT
Code of Ethics and Standards of Practice of the National Association of REALTORS®
Effective January 1, 2023.
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NEW POSTER
Code of Ethics and Standards of Practice of the National Association of REALTORS®
Effective January 1, 2023.
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Thursday, March 2nd
8 a.m. to 1:50 p.m.
Spokane Convention Center
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The 36th Annual Real Estate Market Forum, covering trends in real estate, construction, and the local economy in the Spokane-Kootenai-Bonner area, will be held on Thursday, March 2, 2023, at the Spokane Convention Center.
An outstanding group of speakers has been assembled by the Market Forum Planning Subcommittee.
The Forum starts promptly at 8 a.m.
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The Real Estate Market Forum attracted 700+ people to the Spokane Convention Center in 2019 (pictured above) - the last time the event was held in this facility before the pandemic.
Don't miss out on the largest regional real estate event of the year - get your tickets now!
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Growth With A Purpose
Thursday, February 9th
9:30 a.m. – 4:30 p.m.
Ruby River Hotel
700 N Division St.
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Attention Spokane Realtors!
Are you looking to improve your marketing, sales, and overall business as a Realtor?
Look no further!
The Spokane Realtor YPN is hosting a day full of learning and growth opportunities on February 9th from 9:30 am to 4:30 pm at the Ruby River Hotel in Spokane, Washington.
With an amazing lineup of speakers, this is an event you won't want to miss.
Tickets are $50 and include lunch.
Don't wait - get your tickets now and take your career to the next level.
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Minute to Mingle
Wednesday, February 15
5:30 p.m. – 7:30 p.m.
CENTURY 21 Beutler & Associates 101 West North River Drive
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Kind of like speed dating, but for WCR Members and Strategic Partners to get to know each other, hear what each other's strengths are and how we can encourage and support one another in this ever- changing market.
Meet others in the industry and get to know each other and collaborate what is working for others in this unique market.
Food provided.
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DB Mastermind
Virtual Session
Thursday, February 2nd
11:00 a.m.
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Washington REALTORS® is excited to continue the Designated Brokers Mastermind into the new year!
This virtual session is February 2nd from 11am-12pm.
The mastermind is designed to share and discuss new and exciting real estate business best practices and current trends, with an opportunity to discuss the issues with your colleagues.
This session we will include presentations on E & O Practices & Current Lawsuit Trends, DOL investigations and Complaints and a mastermind discussion on various topics that you have suggested.
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Distressed Sellers and
Distressed Home Conveyance
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WR Legal Hotline lawyer Annie Fitzsimmons is back with a new video.
This one explains Broker's role in "Distressed Seller" and "Distressed Home Conveyance" transactions...specifically, why Brokers should never facilitate Distressed Home Conveyances.
The video runs seven-minutes.
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Center for REALTOR® Financial Wellness: Tax Summit |
Begins Wednesday, February 1st, at 11 a.m.
Register for NAR’s Center for REALTOR® Financial Wellness: Tax Summit.
Learn from subject matter experts, gain valuable information, participate in the live Q&A, and access exclusive resources after the session.
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Tax Summit Wednesday Sessions from 11:00-Noon |
Session 1: February 1 -
Tax Guidance & QBI Overview for New REALTORS®
Session 2: February 8 -
Tax Trouble - Laws, Rules, & Decisions
Session 3: February 15 -
Tax Tips for Investment Properties & Second Homes
Session 4: February 22 -
Lower Your 2022 Tax Bill With This Unique Wealth Building Strategy
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Professional Development
The SR offers a full schedule of virtual classes to help members satisfy their professional development requirements to keep their REALTOR® status current.
Please be in touch with Tami at the SR if you have any questions about classes or your license education requirements, by phone at 326-9222 or by email.
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Class Cancellation Policy:
A refund will be granted until 3:30 p.m. three days prior to the class, after which time there will be a 50% refund.
Anyone not showing up for class will not be given a refund.
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Current Market and Membership Information from your Association: |
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December 2022
Monthly Home Sales Report
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December 2022
Year-end Home Sales Report
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January 2023
Member Roster Update
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MLS Weekly News and Information |
Keep up with rule changes, get tips and tricks and see the monthly MLS totals.
Don’t forget to check this valuable resource!
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REALTOR® Political Action Committee |
RPAC (REALTOR® Political Action Committee) is one of one of the largest PACS in Washington and supports legislative efforts in favor of the real estate industry on behalf of WR members.
Invest in your business today!
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2023 SAR Board of Directors |
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2023 SAR Committee Chairs |
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SR and Community Calendars: |
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Connect with us any time on these social media channels: |
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