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Welcome to the November edition of the
Association Liaison E-Source. This monthly e-mail
notice provides indepth information on hot button
issues affecting REALTORS and the real estate
industry. It also features information on upcoming
Association events and updates on services.
The E-Source is meant to provide information
that you can either present at upcoming office
meetings or forward to your colleagues via email
or casual conversation. If you have any questions
about any of the information provided here, please
contact me at 610-560-4800 or email mlim@suburbanwestrealtors.com.
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Professional Development
Series The Association of REALTORS
School has developed a monthly series of
education programs designed to help you stay
abreast of the latest trends and issues in the
industry. Agents can take advantage of the
Professional Development Series to grow and
maintain their business. This monthly series of
courses highlight current industry issues and
trends to provide agents the resources to be
ahead of the curve and in front of the
competition.
UPCOMING COURSE:
12/11/06
(9 a.m. - 5 p.m.)Ethical Open Houses; Avoiding
Procuring Cause Accidents. Open houses
have the potential to raise procuring cause
issues and ethical delemmas. Did you know that
the Code of Ethics actually provides practical
solutions and helps to these situations? This
course will raise your awareness and help you
build your professional reputation with other
licensees and consumers.
Tuition: $70.00 includes
all course materials, Approved for 7 hours PA
06-08 Real Estate license renewal, Approved for
6.5 hours DE Real Estate license renewal,
Approved for 6.5 hours PA Continuing Legal
Education credits, Approved for 2.5 hours NAR
Code of Ethics credit
To Register, Click Here
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National Association of
REALTORS (NAR) chief economist, David Lereah,
says that the media's focus on national numbers
is harming the industry. He is painting a much
different picture of the residential real estate
market than the one portrayed by the media. He
encourages REALTORS and the general public to
look at the facts and not the news. Noting that
declining house prices are a correcting
mechanism to attract buyers despite low consumer
confidence. 
Although a new party is in
power in Congress, the National Association of
REALTORS (NAR) still believes that the public
policy issues we have been fighting for will be
well supported, including: promoting
homeownership, fostering a vibrant commercial
real estate sector, the need to expand the
availability of health insurance for small
businesses and congressional oversight of
federal regulatory decisions. All told, 92% of
national candidates supported by NAR won on
November 7 and the Association intends to seize
the opportunities presented by the election
results. 
The Pennslvania Association
of REALTORS (PAR) developed a simple flow chart
for how agents would conduct an initial
interview of a client to determine if a Consumer
Notice is required for commercial property. The
original law requires that every consumer be
provided with a copy of the Consumer Notice at
the first "substantive conversation" between the
licensee and the consumer. Act 125 of 2006 will
provide an exclusion of the Consumer Notice for
commercial transactions. The Act will also amend
the Real Estate Licensing and Registration Act
(RELRA). Act 125 becomes effective January 2007.