FEBRUARY 2021 - VOLUME 26 - NUMBER 2 |
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Tax-Reduction Strategies for the
Real Estate Professional
Wednesday, February 17, 2021
9:30 am-12:00 pm
Zoom Webinar
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HBRT/WMBA Down Payment Assistance Lender Training
Thursday, February 18, 2021
9:00am AND 1:00pm
Zoom Webinars
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Stand out as a Focus on Energy Ambassador
Wednesday, March 10, 2021
10:00 am-11:00 am
Zoom Webinar
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The fundamental purpose of the MLS is cooperation, and we have an amazing system that fosters that. However, with 10 years of increasing activity combined with a pandemic, the lack of supply has created an environment that is difficult for agents and buyers alike to navigate. While we have instituted rules that require properties to be marketed publicly, we cannot guarantee that all buyers will actually get in the door before properties go under contract.
Recommendations:
- Take advantage of networking. Get to know your fellow agents and don’t be afraid to reach out to them if you’re struggling to get a showing time. Technology is wonderful, but it can only do so much.
- As you know, agents work on behalf of their client, so if the client changes their mind about accepting an offer on a certain date, the agent is obligated to follow that. Don’t wait to submit an offer if your buyer is interested.
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Be patient and kind.
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2021 Economic Update With Dr Lawrence Yun |
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RASCW was honored to welcome NAR’s Chief Economist Lawrence Yun on February 10 as he discussed what we can expect in the post-pandemic economy and the impact on the housing market including unemployment, mortgage rates and housing sales.
Lawrence has listed Madison as one of the top 10 Post-COVID markets to outperform in 2021-22.
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The National Association has created resources to help educate ourselves on the challenges facing protected classes in our country. See links below to access those amazing tools.
However, it’s Black History Month and RASCW wants to highlight black innovators whose contributions to our world should be known.
Garrett Morgan: invented the Three-Light Traffic Light and increased the safety of motorways across the world by adding a the third “yield” option.
Robert Abbott: gave a voice to the voiceless by founding a weekly newspaper, The Chicago Defender, in 1905.
Marie Van Brittan Brown: invented the first home security system using a camera, monitors and a two-way microphone.
Mae Jemison: the first African American woman to orbit into space aboard the shuttle Endeavor. She continues to work towards the advancement of young women of color getting more involved in technology, engineering, and math careers.
Otis Boykin: after losing his mother to heart failure, Boykin worked on improving the circuits to pacemakers, making them possible and saving countless lives. Although that is arguably his most significant contribution, he had 26 patents in his name and is famed for the development of IBM computers, burglar-proof cash registers and many other devices.
Charles Drew: a physician, surgeon, and medical researcher who worked with the team at Red Cross on groundbreaking discoveries related to blood transfusions. Drew played a major role in developing the first large-scale blood banks and plasma program in the US.
The Color of Law Audiobook is available here at no charge to NAR members.
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The Yahara River Watershed and its five lakes define Dane County and Greater Madison’s sense of place. These lakes are Mendota, Monona, Wingra, Waubesa, and Kegonsa. Because of the significant economic and residential impact that this waterway has on our community, RASCW has invested in a seat at the table to work towards solutions to clean and healthy lakes.
Beginning in 2008, the Yahara Clean Compact has been working towards researching the waterway, establishing an action plan, and working with various community stakeholders to implement solutions. While they have made significant progress with reductions to the annual phosphorus load at 42% of goal, there is still a lot to accomplish.
As real estate professionals, you can do your part to educate yourself and your clients on the positive impact that each of us can make in our community watershed. To learn more about the watershed and the Yahara Clean Compact, go here.
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Mandated Use Required for Updated Forms WB-13 & WB-15 |
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Last year, the Real Estate Examining Board (REEB) approved revisions for the WB-13 Vacant Land Offer to Purchase and the WB-15 Commercial Offer to Purchase. The mandatory use date for both revised forms was Monday, February 1.
The WRA offers several resources that outline the revisions made to these forms. It is imperative that you have a full understanding of these revisions so you can manage your contracts as well as practice real estate legally and ethically.
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Popular Down Payment Assistance Training Classes are back for 2021! |
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REALTOR® TRAINING SESSION
Help your buyers successfully purchase a home with Down Payment Assistance. This session will allow you to be more confident in navigating the process to ensure your buyers get into their home. You will learn directly from industry experts on programs such as:
Home-Buy, The American Dream, Movin’ Out, Momentum, Down Payment Plus, WHEDA Easy Close Advantage, Home Start AND MORE!
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January 2021 Membership Updates |
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Want to Get More Involved in 2021?
RASCW Committees Are the Answer!
A common thought we hear is, "I need to be more active in giving back this next year." Perhaps you have volunteered in the past and are looking to find something new or maybe you have always wanted to be more active, but are unsure of how to begin.
This is a perfect time to consider becoming part of one of the many RASCW Committees. We hear it all the time" It's an amazing experience and one of the best ways to work side-by-side with other industry professionals. Your industry knowledge will increase, your networking skills will grow exponentially and the pride of giving back will motivate you almost immediately.
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