Mid-Shore Board of REALTORS

April 9, 2024 Newsletter

Updates, Education Offerings and Good things to know

April is Fair Housing Month

Participate and take Fairhaven, NAR's interactive Fair Housing program.

It's informative and fun.

Check it out!

Check out facts.realtor for the most updated and current facts on the NAR settlement and all related information

· The latest settlement FAQs

· FAQs focused on financing and interested party contributions

· Slides that cover the key terms of the settlement

· A timeline showing anticipated next steps in the process

· An overview of the scope of the release for NAR members

Please continue to check facts.realtor for the latest resources & update.

Let's look at some positive things that are happening:

New Home Sales had their 3rd best year since 2008
1/3 of the homes sold above list price
Proposed Federal legislation would give a tax credit to investors to encourage them to sell their investment properties
Rental vacancy rates are rising which should slow down monthly rental increases
Fed's know the higher interest rates are hurting Community Banks-expect to see a rate cut
Jobs are needed to buy a home, and 5.5 million jobs were recently created

Maryland REALTORS Property Management Certification

Registration Opens Today- April 9th

Maryland REALTORS will hold the Property Management Certification on June 18 and again on November 19, 2024. Registration opens today!

Agents will need to fill out form at the bottom Maryland Residential Property Management Certification (mdrealtor.org).

Don't wait- Last time this course filled up in a few short hours

Watch NAR’s Award-Winning Bias Override Videos

NAR has released videos in partnership with the Perception Institute to introduce the mind science of identity to REALTORS®. Watch the videos to get acquainted with the concepts, then sign up for the interactive classroom course to further explore strategies to override bias in your business.

We've Got Your Education

The Sellers Representative Specialist (SRS) course is being offered at the MSBR office on April 23 & 24th

The Accredited Buyers Representative (ABR) course at Maryland REALTORS sold out in one day! They will hold it again in the fall, but you can still sign up with NAR

MSBR is offering the SRS for only $250- on April 23 and 24th.

Steps to obtain the ABR Designation:

Take the ABR course on-line or with a live webinar.
Take 1 qualifying elective course like the SRS being offered at MSBR on April 23 & 24 in-person.
Complete 5 transactions in your career.
Once all completed submit your application.
Annual fee of $110 is waived for the 1st year.

Accredited Buyers Representative Course (ABR)- free through the end of 2024. Complete the course via live interactive 2-day webinar or online at your own pace. No CE credit.

Register for the Free NAR Accredited Buyers Representative Course

Sellers Representative Specialist Course (SRS)- MSBR will hold this 2-day class in person at the Board office on April 23 & April 24th. Early bird cost is $250 by April 10th, afterwards the cost is $295. 6 elective hours of CE credit.

Register for the MSBR Sellers Representative Specialist (SRS) April 23 & 24

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Read why Daphne Cawley, former MSBR President & Assoc Broker with Coldwell Banker Realty, is attending the SRS

Thank you MSBR for arranging the Sellers Representation Specialist course.

I think the more knowledge we have when working with sellers is critical. This is especially important when educating sellers on what agents do and discussing an agent’s value.

The MSBR Diversity, Equity & Inclusion committee toured the Waters Edge Museum in Oxford. Dr. Lydia Williams led us on an amazing journey as we learned about artist, sailmakers and those who shaped the community.

Join us at the next meeting on May 7th at 10:30am when we will hear from a Certified International Property Specialist (CIPS).

National Association of Real Estate Brokers (NAREB) hosting an interest meeting to consider a chapter on the Eastern Shore. Dormaim E. Green, Broker, The Property Shoppe, is inviting all interested parties to learn more about NAREB.

Exciting Opportunity, attend the Interest Meeting to launch a New NAREB Chapter on the Eastern Shore of Maryland. All Real Estate Professionals on the Eastern Shore of Maryland are welcome. Are you passionate about promoting homeownership and equal housing opportunities for all? If so, please join us!

We are hosting an interest meeting to explore the possibility of launching a new chapter of the National Association of Real Estate Brokers (NAREB) on the Eastern Shore of Maryland.

NAREB is the largest minority trade association representing real estate professionals in the United States, and a chapter on the Eastern Shore would offer numerous benefits for local real estate practitioners.

What You Can Expect:

• Learn about NAREB's mission, history, and achievements.

• Discuss the potential benefits of a local chapter for Eastern Shore real estate professionals.

• Share your ideas and perspectives on the industry and how a NAREB chapter can best serve your needs.

• Network with fellow real estate professionals and explore opportunities for collaboration.

• Take the first step towards creating a powerful voice for minority real estate professionals on the Eastern Shore.

Meeting Details: • Date: Wednesday, April 17, 2024 • Time: 11 am • Location: Zoom

RSVP: by Wednesday, April 10, 2024 via email to DormaimGreen.NAREB@gmail.com.

You will be sent a zoom invite link to the email in which you have RSVP’d. We encourage you to share this invitation with your colleagues who might be interested.

Don't miss this chance to be a part of something special! We look forward to seeing you! We encourage you to visit the NAREB website to learn more about the organization: https://www.nareb.com/

If you have any questions, please do not hesitate to contact us at Dormaim Green.NAREB@gmail.com or call 4432259975.

Together, we can make a difference in the Eastern Shore real estate community! Sincerely, Dormaim E. Green, Broker The Property Shoppe in Cambridge, MD

On April 2nd MSBR welcomed Stacy Bishoff, Mortgage Banker, with Shore United Bank who provided lunch for attendees.

The remaining food was donated to Habitat ReStore Volunteers.

7.5 hours of CE Marathon being offered today and the class kicks off at 9:00am.

There are a few seats left if you can make it.

What Maryland Law Requires from a Buyer's Agent:

By now, you’ve heard about NAR’s proposed Settlement Agreement in the Burnett/Spitzer class action litigation and have had some time to consider what it means for us, as real estate professionals and, more importantly, what it means for our clients. In the 100+ page Agreement, there are a few key “Practice Changes” which will have the most significant impact on how we conduct our day-to-day business.

Read the full story

Fortune Magazine Article

Fortune Magazine published an opinion piece this morning penned by 2024 NAR REALTOR® Party Community Engagement Liaison Tim Hur. Nykia Wright, Acting CEO for NAR encourages all to read and share Tim’s op-ed, which can be viewed here.

Sponsorship and Golfer Opportunities Still Available

MSBR Golf Tournament May 14, 2024

Fundraiser for the Down Payment Grant Program

Sponsors:

Eagle Sponsors at $1,500

Bay Capital Mortgage Corp

USA Mortgage

Kari Anderson with Oceans Lending

Birdie Sponsor at $1,000

Mary Mabry with Keller Williams Select

Tom Draper with First Home Mortgage

Beat the Pro - Main Street Home Loans

Golf Cart Beverage Sponsor- Boudreau Insurance

Coffee & Donuts - R&M Performance

Golfers: Still room- Sign Up TODAY

To sponsor or for more information click here

Seller impersonation fraud is real, just ask any MSBR Title Company

Maryland REALTORS® has a flyer to help you spot this type of fraud.

Protect yourself and your clients from seller impersonation fraud.

It can be tricky to navigate; taking precautions, verifying information about potential clients and following your brokerage's protocols, you can protect yourself and your clients.

This flyer gives you the best practices and red flags to watch out for when potentially dealing with seller impersonation.

Maryland REALTORS Committees are open for Volunteering.

Have a voice with Maryland REALTORS

The deadline for submission for all Volunteers is July 12th, 2024.

Why Participate in a Committee? Maryland REALTORS® is seeking dedicated members to serve on our next committee year (October 1, 2024 through September 30, 2025) beginning in April 2024.

How to Participate-To find an opportunity that interests you, scroll down to see committee descriptions. Please check to see whether a committee has prerequisites and determine if you meet those requirements. Your responses will be carefully considered to help us seat the most appropriate, diverse, and inclusive teams possible.

If you are a current committee member and wish to remain on your current committee for 2024 – 2025, you must complete the Volunteer Request form to indicate your continued interest in volunteering.

April 2024 - July 2024 classes and events

Additional Classes and events are on the MSBR website.

www.midshoreboardofrealtors.com

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Can you tell me how many CE hours I have received credit for?
The Continuing Education Status Query tool shows which classes you have received credit for. Under Features, choose Education and then select Verify Credits Earned from the options on the page.

Can't make the MSBR Classes?

Take classes with the CE Shop.

There is a charge but the classes are available to you 24/7

30% Promo Code is: Elevate

Our mailing address is:
Mid-Shore Board of REALTORS
8615 Commerce Drive, Suite 2

Easton, MD 21601
410-822-8767

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