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Welcome to the December 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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Technologies to Advance
Your Business The Association of REALTORS
School is pleased to offer one of the core
courses required to complete the CRS Designation
on January 8-9 at the Crowne Plaza Hotel in King
of Prussia PA. The course will demonstate the
latest tools and systems that enable sales
associates to become more productive, increase
their profits and to differentiate them in the
market place. This course is approved for
two-units of credit toward the CRS Designation.
The course is also submitted for 14 hours of PA
06-08 Real Estate license renewal, 1 PA elective
Broker Credit, and 12 hours DE Real Estate
license renewal.
Becoming a Certified
Residential Specialist (CRS) is the most
prestigious desingation a REALTOR can obtain.
Not only do CRS designees typically earn on
average $160,000 a year, they also represent
only 4% of all REALTORS.
Tuition:
$329.00 (includes materials & lunch)
Click Here For More Information
and Registration
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Recently, comparatively low
interest rates have caused a rise in demand for
refinancing. Borrowing costs on 30-year
fixed-rate mortgages, excluding fees, are
averaging 5.98% compared to last year’s level of
6.32%. With rates being so competitive and
inventories being larger, the market is becoming
very advantageous for the buyer client.
Mortgage fraud is
increasingly becoming a potential source of
liability for real estate brokers and their
businesses. It is imperative brokers have a
policy to address the issue internally, since
they are held responsible if their agents are
involved in a fraudulent transaction.
Several counties in
Pennslvania are moving towards all-electronic
home settlements. HomeSale Settlement of
Lancaster recorded the first all- electronic
settlement administered through the Simplifile
software. The submission of e-documents
increases efficiency of proofing and checking.
Documents missing information are automatically
sent back to the sender requesting completed
information.