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Assoc Liaison  Association Liaison E-Source

 

May 2008

 

 

 

 

 

ASSOCIATION LIAISONS

 

Welcome to the monthly 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 present at upcoming office meetings or to your colleagues through casual conversation.

If you have any questions

about any of the information provided here, please contact us at

610-560-4800 or email mlim@suburbanwestrealtors.com.

 

 

Discussion Question

 

Each month, the Suburban West REALTORS Association will provide Association Liaisons with a question in which we are seeking member feedback on.   We urge you to discuss this question with agents at your office during a sales meeting, through an email, or during the course of your daily conversations when appropriate.

 

This MONTH's Question:

 

Thank you for the responses to last month's Discussion Question on REALTORS' reluctance to file a complaint.  As a follow-up to the responses, what are some ways on how REALTORS handle the dispute instead?

 

Please provide your response to Mary Lim at mlim@suburbanwestrealtors.com.

 

 

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License Renewal Approaching

 

You may be receiving questions about license renewal.  Association Liaisons are encouraged to review the Real Estate Commission's Renewal Handout to address frequently asked questions on the online renewal system and provide the materials to your respective office.

 

 

Association Liaison Meeting on June 16

 

SAVE THE DATE!  The next Association Liaison Meeting is scheduled for Monday, June 16 from 9:30 a.m.-11:00 a.m. held at the Association office in Malvern.  Below is the agenda:

  • Program Debrief
  • NEW Distinguished Achievement Recognition
  • Pathway to Professionalism Exclusive Preview
  • Resolution Management/Professional Standards Discussion

Click Here to Register for the Meeting

 

 

 

NEW Standard Form for Referrals

 

The Referral Agreement (REF) is now available!  The form was developed after requests from members for a standardized way to memorialize the referral of business between agents, brokers and their firms. Click here to view a sample form.

 

  • The REF form provides very distinct options for the fee agreement.
  • The parties are encouraged to identify whether the referral fee is a percentage or a flat fee and from what side of the transaction the fee should come.
  • The form provides when the fee shall be paid and even puts a time limit on the agreement.
  • There is also provision on the form for the involvement of third party relocation programs.

A written agreement is stronger and more likely to prevail than a verbal one. Use of this form will build relationships and avoid unnecessary and unprofessional quarrels. 

 

You may place an order with the Association to purchase the form at a member discount as well as other Standard Forms.  To download an Order Form, click here.

 

 

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RPAC: Your Best Investment in

Real Estate

 

As important as it is to be involved in your local community, it is equally important that we, as REALTORS, are involved at the state and national levels of government as well.  The REALTORS Political Action Committee (RPAC) has enabled REALTORS by:

  • Addressing onerous U&O inspection requirements and sign ordinances.
  • Stopping increases to the real estate Transfer Tax and helping to exempt capital gains from personal Income Tax on the sale of a primary residence.
  • Maintained the Mortgage Interest Deduction and working to secure health insurance relief for independent contractors.

As an Association Liaison, please consider volunteering during our Annual RPAC Telethon on June 11 or making a contribution.   To read more about how your contribution is your best investment in real estate, click here.

 

 

Good Neighbor 

GOOD NEIGHBOR AWARD

 

The National Association of REALTORS (NAR) is currently accepting nominations for their 2008 Good Neighbor Awards.  The Good Neighbor Awards recognizes REALTORS who have made an extraordinary commitment to improving the quality  of life in their communities through volunteer work.  The application deadline is May 23.  Five winners will receive charity grants of $10,000 for their cause and national publicity.

 

For more information, click here.

 

 

 

Looking to Get More Info on Foreclosures &

Short Sales?

 

 

Members should attend the upcoming FREE Starbucks Morning on June 6 at the Association office in Malvern.  Come learn about the foreclosures process and know what questions to ask Sellers.  As with all presentations in this series, registration is required for this FREE event.  To register directly online, click here to log-in under 'Events'.

 

Additional Starbucks Morning Dates:

  • 7/8/08 -- Selling & Buying Within Community Associations
  • 8/6/08 -- Ask the Real Estate Commission

Philadelphia Inquirer Featured Article:

  • 'Philadelphia Area's Foreclosure Rate Drops 30%' (Last week, the Weekly News Service email featured an article from the Inquirer that provides explanations about the drop in foreclosure rates in the region and how the area will remain well below the national average.)  To read more, click here.

 

 

Suburban West REALTORS Association | 100 Deerfield Lane, Suite 240 | Malvern | PA | 19355