|
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.
Which
activities/events/networking sessions do you wish that the Association
offered to accomodate agents? Are there any current offerings that
you find to be especially beneficial to agents?
Please provide your response to Molly Garavito at mgaravito@suburbanwestrealtors.com.
To view compiled
responses from last month's Discussion Question, click here.
|
|
Reminder: The Next
Association Liaison Meeting is Next Week!
 The
last meeting of the year for the 2009 Association Liaisons will be held at
the Association office on November 12 from 9:30- 11:30 a.m.
This meeting will
feature a representative from TREND, Dave Davis, who will speak about the
current Market Conditions focused specifically on Chester and Delaware
counties, followed by an update on future TREND enhancements
including the Appointment Management feature. Dave will also be
discussing the metrics that TREND hopes to be able to capture
from Suburban West, mapping and mobile access to the MLS.
Liaisons will also be
recognized for their commitment to the program and for their service to
their offices.
Click
here to register for the Liaison meeting. Once
you are logged in, select the meeting on the Events Calendar. The
deadline to register is November 11.
Additionally, notice was
sent to the Brokers of each office asking for their nomination for
the 2010 Liaison for their office. Please remind them
to submit their Liaison by the November 30 deadline.
|
Become Short Sale Certified
 The
number of short sale transactions is growing. Every transaction is
different and not all make it to closing. Agents with the proper tools
and training will have a better success rate than those who do not. You
can become one of those who are prepared by earning the Short Sale and
Foreclosure Resource Certification (SFR). REALTORS may earn this
certification in three easy steps.
1.
Complete a qualifying course; REBAC's
Short Sales and Foreclosures or CRS 111: Short Sales and Foreclosures:
Protecting Your Clients' Interests. (Suburban West is conducting REBAC's Short
Sales and Foreclosures on December 15th at a
discounted price $139)
2.
Take three
FREE webinars.
3.
Submit an application.
The application fee is WAIVED through December 31, 2009.
REALTORS who have completed one of the qualifying courses
prior to November 1, 2009, can still earn the certification. For those
students one of the three webinars is required.
|
ARS to Host
Agreement of Sale Courses
 The
Association of REALTORS School will be offering several courses on the upcoming
new Agreement of Sale (verison 2009). The course will focus on the 2009
revisions to the Agreement, specifically: Expanding Broker blocks;
Updated mortgage contingency paragraph; Appraisal contingency clause;
Changed format for handling inspections; Changes affecting escrow monies,
and Mandatory buyer/seller mediation.
The first course will be offered at the School in Malvern on December 22,
2009 from 9:00 a.m. - 5:00 p.m. Two additional classes will be offered at
satellite locations in January and February. To learn more about the
course and to register, click
here. Please note that in addition to the
course in December, the School will also be offering two satellite
classes in January and February at the Springfield Country Club and
Rosemont College.
|
New Findings on Radon Prove that Excessive Amounts are
Harmful to Your Health
 In
an article posted on PAR's Just Listed, new findings about Radon
exposure, even at lower levels, are suggesting that there may be a
greater risk of lung cancer than thought earlier. The article goes
on to mention the current language supporting remediation of radon if
levels reach or exceed a certain amount. There is also a mention of
the language on the new version of the Agreement of Sale with an
additional step of submitting a radon proposal, if the levels are
unsatisfactory.
Liaisons should also sign up for PAR's Just Listed, which is
PAR's article service that offers the most up-to-date information to
members about the world of real estate and what is affecting
agents. To sign up for this FREE service, click
here.
|
Senate Approves
Loan Limit Extension
 President
Obama is expected to sign a resolution passed on Friday by Congress
extending the current limits for Fannie Mae, Freddie Mac, and FHA
mortgage loans through 2010. The limits were set to expire at the end of
this year. This is especially critical for Pennsylvania, where a majority
of loans are financed by Fannie Mae, Freddie Mac, or FHA. The move should
help maintain the positive signs we are now seeing in Pennsylvania's
mortgage market.
Currently in Chester and Delaware Counties, the FHA and conventional mortgage
loan limits are set at $420,000 for single family homes and $537,650 for
duplex homes.
|
|
Association
Liaison E-Source