Weekly Notices
Friday, July 5, 2019
 
Revised Statewide Forms

 
   
Available Now!
 
 
On July 1, 2019, many of the statewide forms were revised.  
 
The good news is ... life as you know it (and the way you use the forms) did not change as a result.  
 
The even better news is that the statewide forms are improved, enabling you to deliver even better results for your clients.  
 
The information below will explain the form revisions, almost all of which occurred within the boilerplate.  
 
You can also reference the NWMLS Forms Revision Bulletin 2019.
 
 
 
 
   
 
 
 
 
 
 
 
If you have questions related to any of the forms revisions and you are a REALTOR® member, submit your questions to the Washington REALTORS® Legal Hotline lawyer: legalhotline@warealtor.org.  
 
 
 
 
SAR History on Display 
   
SAR photo
 
    
Members in Congress typically decorate their offices with artifacts from their home districts, to remind them of home and the people whom they represent.
 
The SAR presented its Member in Congress with two pieces of Spokane history, this week - a framed fine art print of early downtown Spokane and a copy of Spokane: Our Early History - both commissioned by the SAR for its centennial in 2011.
 
Pictured in photo above, left to right: Tom Clark, SAR President-elect; Gina Mosey, 2019 SAR President; Representative Cathy McMorris Rodgers; Terry Sullivan, SAR Federal Political Coordinator.
 
 
 
 
 
 
Not Enough Homes  
   
 
    
 
The July-August edition of REALTOR® magazine is just out with a cover story on inventory: Not Enough Homes.
 
The U.S. is about 2.5 million units short based on long-term growth projections, Freddie Mac estimates.  
 
Laurie Goodman, vice president of housing finance policy at the Urban Institute, calls the housing shortage a crisis.  
 
The Institute has found a shortfall of about 350,000 units per year due to underbuilding since 2009.  
 
The result will be "a huge deficit in housing over the next decade," she says.   
 
 
  
 
 
   
 
 
 
 
NAR is just out with a new infographic, The Housing Shortage in Perspective - Why Inventory has been Shrinking.
   
See the new infographic (pictured above), online here
 
 
 
 
Annie's Coming to Town! 
 

SAR photo



SAVE THE DATE:
Thursday, August 22nd!

Annie's coming to town this summer!
 

Annie Fitzsimmons, Washington REALTORS® Legal Hotline attorney (pictured above), is coming to Spokane to teach two classes on Thursday, August 22nd:   
 

  • Don't Get Whacked by the WAC's
 
  • Is it Friend & Faux? RE-fraud schemes you need to know

You won't want to miss these interactive and energetic classes with Annie!
 
 


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



The SAR Quarterly Membership Meeting will be held during the lunch break.
 
Lunch & meeting only without class is $20
 
Lunch  & meeting are included with class registration fee.




Register online through the Member Portal, here:





"Just like that, it's gone."  


Aaron Cole photo


 
 
Reports of real estate-related email phishing scams jumped 1,100% between 2015 and 2017, according to the Consumer Financial Protection Bureau.

The CFPB estimates a loss of nearly $1 billion in real estate transactions from such scams.
 
Aaron Cole of Canby, Oregon (pictured above), fell prey to a wire fraud scheme through which he lost the down payment that took his family years to save.

Now he's helping real estate pros protect their clients against cyber scams.




Learn from his mistake in REALTOR® magazine, online here.






2019 REALTORS® Conference & Expo 



November 8-11 
 
 
"Imagine the Possibilities" is the theme for this year's event.  
 
The tagline and design concept is meant to be inspirational and fun.  
 
It connects with San Francisco's culture and vibe - both past and present - in that the city has been (and continues to be) known for opportunity and innovation.

This is also what attendees can expect at this year's event - the opportunity to obtain innovative tools that will enhance their businesses.

IMAGINE what four days can do for you!


Upcoming CRS Classes



 
September 9

 
7 Things Successful Agents Do Differently: A Proven Business System

Class: 8:30 a.m. to 5:00 p.m.
 
Location: Bow, WA 
 
8.0 clock hours    
 
 
 
 
  
 
 
Time is running out
 
 
September 10

 
Mastering Your Time

Class: 8:30 a.m. to 5:00 p.m.
 
Location: Bow, WA 
 
8.0 clock hours    
 
 
 
   
 
   
 
October 7
 
Increase Wealth With Rentals

Class: 8:30 a.m. to 5:00 p.m.
 
Location: Oak Harbor, WA  
 
8.0 clock hours     
 
 Click here to view flyer.
  
 
 
   
   
 
October 8 
 
Tax Strategies

Class: 8:30 a.m. to 5:00 p.m.
 
Location: Oak Harbor, WA  
 
8.0 clock hours     
 
   
 
 
   
 
October 17-18  
 
Building a Referral Bases Business

Class: 8:30 a.m. to 5:00 p.m.
 
Location: Spokane, WA  
 
16.0 clock hours     
 
    

REALTOR® Property Resource

 
 
 
If you're new to RPR ® - welcome aboard!
 
RPR ® is committed to helping you become a more efficient and more skilled real estate agent.  
 
We know you have a lot riding on your next deal (maybe your first!), which is why we built the nation's largest property database.  
 
RPR ® provides the data, tools and reports to help you wow your clients and close more deals.
 
Designed exclusively for REALTORS ®, RPR ® is included in your membership dues, and requires no extra fees or upgrades.  
 
 
   
 
Here are Eight Things New Users of RPR Should Know
 
 
 
 
 
2019 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 2019.

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.
  
 
 

 
 
 
 
 
 
Code of Ethics: Standard Success 

Code of Ethics: Standard Success
 
NEXT WEEK!
CLASS IS FULL!
Tuesday, July 9 
 
Tuesday, July 9 - 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 clock hours
 
 
 
 
 
NEXT WEEK!
Thursday, July 11  
 
Thursday, July 11 - 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
 
 
 
  
NEXT WEEK!
Friday, July 12   
 
Friday, July 12 - TransactionDesk: Basic Sale/Listing Creation - with Eric Johnson  
 
Check-in: 8:45 a.m.
Class: 9:00 a.m. to 12:00 p.m.
at the SAR
 
3.0 clock hours
 
 
 
 
   
Monday, July 15th  
 
Monday, July 15 - Cyber Crime   - with Casey Lund.
 
Lunch & Learn 
Class: 12:00 p.m. to 1:30 p.m.
at the SAR
 
Cost: No Charge
 
 
 
   
   
 
Tuesday, July 16th  
 
Tuesday, July 16 - 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
 
In This Issue
Revised Statewide Forms
SAR History on Display
Not Enough Homes
Annie's Coming to Town!
"Just like that, it's gone."
2019 REALTORS® Conference & Expo
Upcoming CRS Classes
REALTOR® Property Resource
2019 REALTOR® Education
SAR CALENDAR
SAR Closed for Independence Day
SAR Night at the Ballpark
Legal Hotline: One on One
YPN/WCR July Event
SAR Golf Tournament
Member Roster Update - June
Market Activity Report - May

SAR CALENDAR
 
Click on the calendar image below to see
the current SAR calendar showing dates and times
of classes, committees and events. 
SAR Closed for Independence Day 
   
 
 
 
TODAY

The SAR will be closed today, July 5th, to keep the Independence Day holiday.
 
 
 
 
 
SAR Night at the Ballpark  

 
 
 
Saturday, August 17th
   
Spokane Association of REALTORS®

Game Date:
Saturday, August 17

Promotion:
Armed Forces Appreciation & Fireworks Night 

First Pitch:
6:30 PM

Gates to the ballpark open one hour prior to first pitch

Tickets just $11




 
 
  
Download the Spokane Association of REALTORS® Group Night promotional flyer for this event (pictured above) to share with your office colleagues and associates, online here.
 
 
 
 
Legal Hotline: One on One 
 
 
 
Washington REALTORS® offers a new video series called Legal Hotline One-on-One wherein our Legal Hotline lawyer Annie Fitzsimmons talks with brokers about forms and different scenarios.  
 
In the first four videos of this One-on-One series, Annie chats with Designated Broker Jeff Thompson with Windermere Group One Tri-Cities.  
 
Annie and Jeff role-play and discuss the Financing Contingency Statewide Form 22A - specifically, they talk about Paragraph Two and the protections offered for benefit of the seller.  
 
Watch the nine-minute video online here:
 
 
Legal Hotline One-on-One: Part 1 
Legal Hotline One-on-One: Part 1
 
 
 
 
Here is the second part of four videos in the One-on-One series.  
 
Annie continues to chat with Designated Broker Jeff Thompson with Windermere Group One Tri-Cities.  
 
Annie and Jeff role-play and discuss the Financing Contingency Statewide Form 22A - specifically, they talk about Paragraph Three.
 
Watch the 15-minute video online here: 
 
 
Legal Hotline One on One - Part 2 
 
Legal Hotline One on One - Part 2
 
 
 
 
 
 
Here is the third part of four videos in the One-on-One series.  
 
Annie continues to chat with Designated Broker Jeff Thompson with Windermere Group One Tri-Cities.  
 
Annie and Jeff role-play and discuss the Financing Contingency Statewide Form 22A - specifically, they continue with the scenario from parts 1 & 2 and expand on the conversation between a listing broker and a buyer's broker after mutual acceptance, in particular how both parties may perceive and handle the 22AL/22AR (Loan Information/Notice of Right to Terminate).
 
Watch the 12-minute video online here: 
 
 
 
One-on-One Financing Addendum Part 3 - Updated Version
One-on-One Financing Addendum Part 3
 
 
 
 
 
 
Here is the fourth and final of four videos in the One-on-One series.   
 
Annie continues to chat with Designated Broker Jeff Thompson with Windermere Group One Tri-Cities. Annie and Jeff role-play and discuss the Financing Contingency Statewide Form 22A.  
 
In this specific video, they continue with the scenario from parts 1-3 and expand on the conversation between a buyer broker and their buyer.
 
Watch the 19-minute video online here:  
 
 
 
Legal Hotline One on One - Part 4
Legal Hotline One on One - Part 4
 
 
 
 
YPN/WCR July Event   
 
 
NEXT WEEK!
Thursday, JULY 11th

Sink or Swim, Are You In?

Its the second annual Idaho and Washington Young Professionals Network (YPN) and Women's Council of REALTORS® (WCR) summer social networking cruise!  
 
Join agents and affiliates from Coeur d'Alene and Spokane for two hours of cruising and socializing on lake Coeur d'Alene.  
 
Complete the evening with a great social hour at LiveforBlu Gallery and Wine Bar.  
 
This is a networking event you do not want to miss!  
 
Oh and don't worry there will be plenty of drinks, appetizers, and sponsor swag!  
 
So, are you in?
 
 
 
 
 
 
 
 
 
 
SAR Golf Tournament 
 
 
     

Thursday, July 18th
Down River Golf Course 


The annual SAR Golf Tournament is coming soon!
 
Teams of four will shotgun start at 7:30 a.m. on Thursday, July 18th, at Down River Golf Course.
 
 First-come, first-served - enter today!  
 
See the event flyer, pictured above, online here
   
 
This year everyone who plays will be entered for a chance to win one of the two Door Prizes
 
  • Traeger BBQ
  • Yeti Cooler
Thank you Falco's for helping us with these great door prizes!!
 
(Must be present to win)
 
 
 
Member Roster Update - June  
 




Updated for June

Click here to view the latest Member Roster Update - approved by the Board of Directors.





   
Send a message to Brenda at the SAR with any changes.  


Market Activity Report - May
         

Market Activity Reports  
 
 
Updated for May
 
(June reports will be posted next week).
 
 
  
The SAR Market Activity Report for May
is now online.  
   
 
See the latest full report - a member-exclusive product
- and archived full reports, online here .
 
 
 
   




See the May 2019 Market Snapshot Report
(pictured above)   online here.









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



Presented by your

Spokane Association

of REALTORS®  

 

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Quick Information
   
Tech Helpline: 866-610-8939
 
Legal Hotline: 800-562-6027

Washington State Legislature Hotline: 800-562-6000
 



2018 NAR New Member Orientation
2018 NAR New Member Orientation



 

2019 SAR Leadership
2019 SAR Committee Chairs


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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