SEMAR Weekly Bulletin - November 23, 2015
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SEMAR Weekly Bulletin - November 23, 2015 Website Find Your Home Find a REALTOR Consumer Resources Contact So much info, so little room November 23, 2015 NAR Legal Update - what's all the fuss about? Convention this year was jam-packed with information. So much so, that it's hard to know what to share with you. Sharing all of it might have you yawning by the third sentence. Each of the leadership who attended has shared with you what they felt was most important to you, as our member. I won't reiterate what they have shared, but there are a few items of note from the Legal Update session. Let's start with the good news. There were no complaints reported to the Karen Becker DOJ regarding VOWs this year. Yea! CEO DMCA (Digital Millennial Copyright Act) was a hot topic at several sessions. Knowing who has the copyright on photos is vital to protect yourself against a lawsuit. For instance, can you upload a photo of a listing to your social media? Maybe. Depends on several factors. Is it okay to use a photo from a past listing of the same address? Again, depends. Did you take the photos from the past listing? If not, the answer is an unequivocal NO! Not only is it a violation of copyright, but it carries a hefty MLS fine ($1K). NAR put together some sample agreements that you can access to help with this issue. To take a look, click here. A handbook is in the works and will be available from NAR in the 1st quarter of 2016. On the plus side - The NeighborCity copyright lawsuit has finally been resolved with injunctions and significant civil penalties. SEMAR Weekly Bulletin - November 23, 2015 After the first year of adoption for REALTOR Association Core Standards, there has been a decrease of 130 Associations across the U.S. There were 84 mergers involving 192 Associations. Independent contracts - sigh. Yep, it's still an issue. We're keeping a close eye on it. Right now the concern is with instructors for real estate. SEMAR is in compliance with appropriate contracts in place for contracted work. There's much, much more, but I'm going to give you a break to go grab some popcorn for the rest of the newsletter because you won't want to miss a single word! (If you aren't going to read it, don't tell me.) Don't forget! SEMAR will be closed November 26 and 27 for Thanksgiving. Wishing you and your family a safe, happy turkey day! Karen CEO SEMAR closed... SEMAR will be closed Thursday and Friday, November 26 and 27, in observance of Thanksgiving. We are thankful for you and all you do for our industry! HAPPY THANKSGIVING! Sleighbells ring... Are you listenin'? Winona is hosting their annual Holiday Party on Thursday, December 3, for this fun happy hour with heavy hors de oeuvres, from 5:00 pm to ??? at Bubs, 65 E. 4th Street. SEMAR Weekly Bulletin - November 23, 2015 Remember how fun it was last year? This year promises to be just as energetic. Join your colleagues and friends for a few libations, lots of good food, and networking. Cost to attend? Only $12.50/ person. Bring canned goods or monetary donations to benefit your local food shelf. Angel Tree is the focus of Albert Lea Christmas party Join Albert Lea members and guests at this celebration of the holidays at Wedgewood Cove on Wednesday, December 9. Social hour begins at 5:30, with dinner at 6:30. Cost for this elegant event is only $20/person. To get a flyer with all the details, click here. Deadline to sign up is Monday, November 30! Please bring an unwrapped toy for the Salvation Army Angel Tree. President's message Convention in a snapshot - We started our week at NAR 360 and Residential Economic Issues & Trends Forum. We start here to get an overview of where the real estate market and economy has been and where it is headed. NAR Chief Economist, Mr. Lawrence Yun was one of the speakers. I enjoy listening to Dr. Yun because his message is conveyed in a way that everyone can easily Tami Gunn & Karen Becker at Understand. the Region 8 Caucus Key points from this year's presentation: · Lifetime wealth is at an all-time high · Home ownership rate is at a 50-year low · First-time home buyer dipping in 2015 to 32% · Lack of starter home inventory · Student loan debt has hit a high of 1.3 trillion dollars · Existing home sales 5.3 million in 2015 Key Points from the H.O.M.E. Survey (Housing Opportunity and Market Experience) · The desire to own remains strong and is strengthening, SEMAR Weekly Bulletin - November 23, 2015 · 83% of Americans believe buying is a good financial decision, · 87% of Americans believe homeownership is part of their personal American Dream. I attended the Local Leadership Idea Exchange Council (for Boards with 500-1,999 members), the RPAC Fundraising Forum, the Local President/President-Elect Roundtables, and the Region Caucus for our region. We had a busy week exchanging and sharing ideas for our association and RPAC. The regional caucus was a great opportunity to share our state and local successes! The general session is another of my favorites and this year did not disappoint. It was amazing to see all of the REALTOR'S across the world...with a special tribute to France! It was definitely a heart- warming moment to see us all stand united! This is the session where we hear and get inspired by the Good Neighbor Award winners who give extraordinary contributions and volunteer time to their charities...so impressed! We cheered for the state REALTOR of the Year recipient's. Congratulations to the Minnesota REALTOR of the Year, Rod Helm! The keynote speaker was Emmitt Smith, three- time Super Bowl Champion with the Dallas Cowboys and Dancing with the Stars champion (which is how I know him). I'm so glad I attended..Such an inspiring night! Bells will be ringing... Mark You Calendars! Salvation Army REALTOR® Ring Day is Friday, December 4th! REALTOR® Ring Day will feature hundreds of REALTORS® bell ringing at more than 150 kettle locations around the state - but we need your help! In an effort to feed the hungry, house the homeless, and free people from addiction, Minnesota REALTORS® SEMAR (along with many other associations across the state) have teamed up with the Salvation Army for this great event once again! Consider volunteering 1 shift with co-workers, family, or friends and wear your REALTOR® "R" with pride! Sign up at realtorringday.com. MNAR is holding their 2nd annual REALTOR® Ring Holiday Contest!! It's time to go through the attic, ask grandma or grandpa for their stylish holiday sweaters, or get creative and design your own! All REALTORS® are invited to wear their ugly holiday sweaters and show off their holiday spirit on REALTOR® Ring Day - Friday, December 4th! HOW TO ENTER Capture ONE picture of you, your family, or REALTOR® friends on December 4th at your designated ring location (you must be in the picture). Submit your photo with your first and last name, ring location, and brokerage you are with, to [email protected] with "MN Ring Contest" in the subject line. Kate will post entries on MN REALTORS'® Facebook Page. Visit the MN REALTORS'® Facebook Page throughout the day to VOTE! SEMAR Weekly Bulletin - November 23, 2015 VOTE by LIKING the pictures posted. The likes will be counted per entry on the MN REALTORS'® Facebook Page - be sure to direct family and friends to the MN REALTORS'® Facebook Page to VOTE for your picture! Voting will be open until 8am December 5th! MN REALTORS® will announce the winner with the most LIKES on the MN REALTORS'® Facebook Page on Monday, December 7th! The winner will receive a $100 Visa gift card! NAR Director - Board had some critical decisions to make These are the high points from the NAR BOD of director meeting held in Sunny San Diego on Monday November 16th 2015. I am very proud to represent Minnesota on your behalf. Tracie Fogelson. The board heard reports on a number of NAR initiatives-including advocacy successes in 2015. A recent Call for Action on guarantee fees was the most successful CFA in NAR's history, with almost 19 percent of Tracie Fogelson members nationwide responding. Minnesota was closer to 30%. The CFA NAR Director is still in effect and asks members of Congress not to use funds generated from the guarantee fees to fund federal initiatives that aren't related to housing. More than 30 percent of NAR members have contributed to RPAC, which raised $30 million in 2015, 10 percent more than in 2014. The most substantive action taken by the Board of Directors was the passing of a motion put forward by the Executive Committee to enter a contract with ZipLogix to provide the basic form and transaction software for all NAR members. ZipLogix is jointly owned 70 percent by the California Association of Realtors and 30 percent by NAR. This is a forms only product with unlimited storage. It does not offer a mobile platform or a digital signature program. NAR is currently in negotiations with providers to offer discounts for those services. Over 600,000 members already use ZipLogix. The 3 year contract will cost $11.5M annually. The funds will come from reserves. The new "Get REALTOR®" advertising campaign was revealed. The millennial-focused campaign is currently in production.