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A publication for and about our members March 2014 March 2014 digest digest digest 14 14 14Hour Continuing Education Hour Continuing Education Hour Continuing Education Course for License Renewal Course for License Renewal Course for License Renewal REMINDER: MLS Dues are due by April 1st MLS Dues Invoices were sent out via email at the beginning of February. Your $295 payment includes MLS service from 4/1/14 through 3/31/15, and 3 FREE months of service from January thru March of this year! Payment is DUE APRIL 1st. Payment is DUE APRIL 1st. Payment is DUE APRIL 1st. If you did not receive an invoice, please login to your account at ramcfl.org to update your email address, or call (772) 2831748. ALSO... Supra ActiveKEY Billing is due by March 31st. See more information on page 10. Down to the wire and need your credits for license renewal at the end of this month? Or maybe you just want to get a head start? Either way, we’re happy to announce that you can take your 14hour class right at RAMC! Don Widmayer of All Florida Real Estate Schools will be teaching this course which meets the 3hour Core Law, and 11hour Specialty Credit requirements. Register now, seats are limited! March 6th & 7th, 9:00am March 6th & 7th, 9:00am March 6th & 7th, 9:00am—5:00pm 5:00pm 5:00pm $50.00 $50.00 $50.00 Tuition Tuition Tuition To register: Login to To register: Login to To register: Login to http://ramcfl.org http://ramcfl.org http://ramcfl.org , or call RAMC at (772) 283 , or call RAMC at (772) 283 , or call RAMC at (772) 2831748 1748 1748 Have you heard? Have you heard? Have you heard? IMAPP is back by popular demand! IMAPP is back by popular demand! IMAPP is back by popular demand! You can access the system directly through the MLS either on the homepage under the Resources > Smartlinks section, or from a property detail report by clicking on the IMAPP link in the lefthand sidebar. For IMAPP assistance, you can call them at 18884627701 We will be offering classes, in the near future. Look for dates to be announced!

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Page 1: Hour for digestdocs.ramconline.info/newsletter/2014/RAMC_News_March_2014.pdfA publication for and about our members March 2014 digest 14‐Hour Continuing Education Course for License

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embers

March 2014March 2014

digest

digest

digest

141414‐‐‐Hour Continuing EducationHour Continuing EducationHour Continuing Education

Course for License Renewal Course for License Renewal Course for License Renewal

REMINDER: MLS Dues are due by April 1st

MLS Dues Invoices were sent out via e‐mail at the beginning of February. Your $295 payment includes MLS service from 4/1/14 through 3/31/15, and 3 FREE months of service from January thru March of this year!

Payment is DUE APRIL 1st. Payment is DUE APRIL 1st. Payment is DUE APRIL 1st. If you did not receive an invoice, please login to your account at ramcfl.org to update your email address, or call (772) 283‐1748.

ALSO... Supra ActiveKEY Billing is due by March 31st.

See more information on page 10.

Down to the wire and need your credits for license renewal at the end of this

month? Or maybe you just want to get a head start? Either way, we’re happy to

announce that you can take your 14‐hour class right at RAMC! Don Widmayer of All

Florida Real Estate Schools will be teaching this course which meets the 3‐hour Core

Law, and 11‐hour Specialty Credit requirements. Register now, seats are limited!

March 6th & 7th, 9:00amMarch 6th & 7th, 9:00amMarch 6th & 7th, 9:00am———5:00pm5:00pm5:00pm

$50.00$50.00$50.00 TuitionTuitionTuition

To register: Login to To register: Login to To register: Login to http://ramcfl.orghttp://ramcfl.orghttp://ramcfl.org, or call RAMC at (772) 283, or call RAMC at (772) 283, or call RAMC at (772) 283‐‐‐174817481748

Have you heard? Have you heard? Have you heard? IMAPP is back by popular demand!IMAPP is back by popular demand!IMAPP is back by popular demand!

You can access the system directly through the MLS either on the homepage under the Resources > Smartlinks section, or from a property detail report by clicking on the IMAPP link in the

left‐hand sidebar.

For IMAPP assistance, you can call them at 1‐888‐462‐7701

We will be offering classes, in the near future. Look for dates to be announced!

Page 2: Hour for digestdocs.ramconline.info/newsletter/2014/RAMC_News_March_2014.pdfA publication for and about our members March 2014 digest 14‐Hour Continuing Education Course for License

REALTOR®ASSOCIATIONOFMARTINCOUNTY43SWMontereyRoadStuart,Florida34994

Phone(772)283‐1748Fax(772)288‐0215

[email protected]

OFFICERSPresident

JENNIFERATKISSON‐LOVETT,CRS,[email protected]

President‐ElectDENNISFADDEN,CRS,GRI,SRES,[email protected]

VicePresidentBILLDEAN

[email protected]

Secretary‐TreasurerCHRISTYBEARSE,CPA

christy@florida‐homefinders.com

DIRECTORSTOMBAKER

[email protected]

[email protected]

DANBRADY,CCIM,[email protected]

DIANABRUTON,AHWD,CRB,LTG,[email protected]

ANNBUSBEE,CRS,GRI,[email protected]

BOBCASTELLANO,[email protected]

JEFFCLARK,[email protected]

[email protected]

STAFFJOYLANE

[email protected]

JEREMEYBINGHAMGovernmentAffairsDirector

GovernmentAffairs,RAMCFL.org,[email protected]

MARISAMOLEIROMLSDirector

MLS,Marketing,Newsletter,[email protected]

RENEEJORDANMembership&EducationDirector

Education,Sponsorship,[email protected]

VICKIHOUTRIDESAccounting

[email protected]

Advertise in RAMC Digest!

Contact Marisa for information on advertising at [email protected]

Deadline for the April edition is March 19th.

Page 2

National Association of REALTORS® 888‐874‐6500

Florida Association of REALTORS® 407‐438‐1400

Florida Legal Hotline 407‐438‐1409 Free advice from an Attorney for members of Flor‐ida Realtors®!

Florida Tech Helpline 407‐587‐1450 (M‐F 9am‐8pm / Sat 9am‐5pm) Free expert assistance and support for all your technical needs.

DBPR 850‐487‐1395 www.MyFloridaLicense.com/dbpr (FL Dept. of Business and Professional Regulation)

Check your CE credits and license renewal information at:

www.MyFloridaLicense.com

MLS Technical Help Desk & GoMLS Help 888‐825‐5472 M‐F 8:30am‐8:30pm / S‐S 8:30am‐3pm

Form Simplicity 407‐587‐1430

IMAPP 888‐462‐7701

IMPREV Marketing Center 800‐809‐3356

ListHub Support 877‐847‐3394 (press 2)

ListingBook 866‐353‐3456

RatePlug 877‐710‐0808

RealBiz 360 888‐732‐5249 (press 2)

Realtor.com 800‐878‐4166

RPR (24‐7 Support) 877‐977‐7576

ShowingTime 800‐379‐0057

Supra 877‐699‐6787

Important Phone Numbers and Web Sites

VerifyyourCECreditswithDBPRVerifyyourCECreditswithDBPRVerifyyourCECreditswithDBPRIt is very important to keep all your continuing education letters to validate your coursework. These letters will tell you the course names and how many credits you received. If the credits did not get transmitted successfully to DBPR, then you will be able to use the letters to verify your attendance.

For questions, please call the Customer Contact Center at 850.487.1395 Monday‐Friday, 8 a.m. ‐ 6 p.m. and Saturday 10 a.m. ‐ 2 p.m. EST.

>> Click here to Verify CE Credits at DBPR Online

>> Click here for Florida Realtors® Education Contacts

For more information about Florida Licensing requirements, you can visit the Florida Realtors® website by clicking here

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Page 3

MembershipNew REALTOR® Offices #1023—Edgewater Property and Realty 4769 Rocky Point Way Stuart, FL 34997 (561) 222‐1850 DR: Michael Ferguson

#1024—Marion Jones, Lic. Real Estate Broker 2756 SE Birmingham Drive Stuart, FL 34994 (561) 818‐2975 DR: Marion Jones

#1025—Skye Louis Realty, Inc. 12359 NW 77 Manor Parkland, FL 33076 (954) 688‐9559 DR: Desare Kohn‐Laski

#1026—Engel & Volkers—Clearwater/Belleair 2955 West Bay Dr Belleair Bluffs, FL 33770 (727) 461‐1000 DR: Kelly Montgomery‐Kepler

#1027—Olde Florida Realty, LLC 620 SE Dixie Hwy Stuart, FL 34994 (772) 332‐4758 DR: Daniel Carmody

#1028—Prime Real Estate Collection 630 N. Federal Hwy Ft Lauderdale, FL 33304 (954) 233‐0683 DR: Blaine McRae

New Business Partner Members Christopher Albanese All Florida Real Estate Schools

Pegi Austin Piper’s Landing Yacht & CC

Lisa Barrera Chase Bank

Lacey Coker All Florida Real Estate Schools

Anita Errico‐Smith Chelsea Title Company

New Business Partner Companies

Chelsea Title Company 1100 SW St. Lucie West Blvd., #201 Port St. Lucie, FL 34986 (772) 631‐5086 PC: Anita Errico‐Smith

New REALTOR® Members Shannon Andersen Keller Williams of Greater Martin Co

Daniel Beier Keller Williams of Greater Martin Co

Kelly Decowski Keller Williams of Greater Martin Co

Stefan Dzurkovich Berkshire Hathaway HomeServices

Richard Grady Coldwell Banker/Hobe Sound

Debra Lombardo Coldwell Banker/Hobe Sound

Desare Kohn‐Laski Skye Louis Realty, Inc.

Danna McFarland The Tucker Group, LLC

Blaine McRae Prime Real Estate Collection

Kelly Montgomery‐Kepler Engel & Volkers Clwtr/Belleair

Kathy Slusser RE/MAX Masterpiece Realty

Mary Stierwalt Berkshire Hathaway HomeServices

Karen Tyree Illustrated Properties/Mariner Sands

Barbara VanderMeulen Keller Williams of Greater Martin Co

REALTOR® Transfers Daniel Carmody Olde Florida Realty, LLC

Marty Carmody Olde Florida Realty, LLC

David Coulter Berkshire Hathaway HomeServices

Linda Daniel Berkshire Hathaway HomeServices

Michael Ferguson Edgewater Property and Realty

Marion Jones Marion Jones, Lic. RE Broker

Laurie Laramie Berkshire Hathaway HomeServices

Joel Mulach Real Estate of Florida—Stuart

Karen Onsager Berkshire Hathaway HomeServices

Eric Pomales Water Pointe Realty Group

Sherri Spears Berkshire Hathaway HomeServices

2014 NAR Membership Cards Available Show your REALTOR® membership with pride by ordering

your 2014 membership card today. Visit MemberCen‐

ter.REALTOR.org to choose a personalized background,

add up to six of your designations and certifications and

order a plastic version. Plus download the Member Cen‐

ter app to access your card via your smartphone or print

it for use all year long.

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Page 4

We will be offering the three segments of the GRI 100 series throughout June. Course and registration information is below:

JoinusfortheGRI1designationclassesinJune!

These classes will be held at RAMC: 43 SW Monterey Road

Stuart, FL 34994

$130 for each module OR register for all three GRI 100 Series modules and pay $330. Make Payment to: Florida Realtors®

Toregister,call1‐800‐669‐4327

June5‐6: GRI101‐REALTORS:ProfessionalismandtheLaw‐"STANDARDSOFPRACTICE"

June12‐13:GRI102‐StartingYourBusiness‐"STANDARDSOFPRACTICE"

June19‐20:GRI103‐MaximizeYourProfitability‐"STANDARDSOFPRACTICE"

Did you know that you can send and receive faxes through Form Simplicity? As a member of Florida Real‐tors®, you have Unlimited Domestic Faxing available!

Howdoesitwork?You will need to first create a transaction, and then you’ll have the option to fax. You can either use documents from Form Simplicity or upload your own PDF. When sent, the customer has a cover sheet they can use to fax you back, and the documents will be delivered right into the transaction folder in Form Simplicity.

You can also print out a blank cover sheet by clicking on “Add Files” once within a transaction and then click on “Fax Back Cover Page”, then click on “Download” to Save.

SomeoftheotherfeaturesavailablethroughFormSimplicityinclude:

Fax transactions, forms and files via the FAX command within the transaction drop‐down menu

Unlimited emailing and faxing within the United States, Canada and Mexico

Have others fax documents directly back into your transaction using the included Form Simplicity cover sheet

Faxed‐back transactions and documents are saved within your Form Simplicity transaction

Email or fax the fax coversheet to clients or third parties

Use the included fax coversheet and even print the coversheet for personal use

Receive automatic email messages when faxes arrive into your transaction

Send or view faxed documents from your mobile device, including iPhones, iPads, Smartphones or Android devices (Ultimate users may send anyone an email with a link to view selected documents online using the Sharing feature )

ForassistancewithFormSimplicity,youcancontacttheTechHelplineat407‐587‐1450Mon.‐Fri.9AMto8PMandSat.9AMto5PM

UnlimitedFaxingthroughFormSimplicityUnlimitedFaxingthroughFormSimplicityUnlimitedFaxingthroughFormSimplicity

Page 5: Hour for digestdocs.ramconline.info/newsletter/2014/RAMC_News_March_2014.pdfA publication for and about our members March 2014 digest 14‐Hour Continuing Education Course for License

Have Passion... Serve from the Heart!

What are the legal issues surrounding online

files and electronic storage and exchange of

confidential material?

WCR Business Resource Meeting

March 13, 2014

REALTOR® Association of Martin County

43 SW Monterey Road

Stuart, FL 34994

11:30—1:00

Guest Speaker

Margy Grant

Vice President and General Counsel

of Law and Policy, Florida Realtors

Contact: Marie Caiazza, VP Membership

[email protected]

What are the copyright issues involved where list-

ings are displayed and the legal and ethical chal-

lenges that come into play in these situations?

Page 6: Hour for digestdocs.ramconline.info/newsletter/2014/RAMC_News_March_2014.pdfA publication for and about our members March 2014 digest 14‐Hour Continuing Education Course for License

WASHINGTON (February 21, 2014) – Existing‐home sales fell in January to the lowest level in a year‐and‐a‐half, but ongoing inventory short‐ages continue to lift prices in much of the U.S., according to the Na‐tional Association of Realtors®.

Total existing‐home sales, which are completed transactions that in‐clude single‐family homes, townhomes, condominiums and co‐ops, dropped 5.1 percent to a seasonally adjusted annual rate of 4.62 million in January from 4.87 million in December, and are also 5.1 percent be‐low the 4.87 million‐unit pace in January 2013. Last month’s level of activity was the slowest since July 2012, when it stood at 4.59 million.

Lawrence Yun, NAR chief economist, said unusual weather is playing a role. “Disruptive and prolonged winter weather patterns across the country are impacting a wide range of economic activity, and housing is no exception,” he said. “Some housing activity will be delayed until spring. At the same time, we can’t ignore the ongoing headwinds of tight credit, limited inventory, higher prices and higher mortgage inter‐est rates. These issues will hinder home sales activity until the positive factors of job growth and new supply from higher housing starts begin to make an impact.”

The median existing‐home price for all housing types in January was $188,900, up 10.7 percent from January 2013. Distressed homes – fore‐closures and short sales – accounted for 15 percent of January sales, compared with 14 percent in December and 24 percent in January 2013.

Eleven percent of January sales were foreclosures, and 4 percent were short sales. Foreclosures sold for an average discount of 16 percent below market value in January, while short sales were discounted 13 percent. Total housing inventory at the end of January rose 2.2 percent to 1.90 million existing homes available for sale, which represents a 4.9‐month supply at the current sales pace, up from 4.6 months in Decem‐ber. Unsold inventory is 7.3 percent above a year ago, when there was a 4.4‐month supply. A supply of 6.0 to 6.5 months represents a rough balance between buyers and sellers.

According to Freddie Mac, the national average commitment rate for a 30‐year, conventional, fixed‐rate mortgage slipped to 4.43 percent in January from 4.46 percent in December; the rate was 3.41 percent in January 2013.

NAR President Steve Brown, co‐owner of Irongate, Inc., Realtors® in Dayton, Ohio, said that in addition to disruptive weather, higher flood insurance rates are impacting the market in areas designated as flood zones, which account for roughly 8 to 9 percent of sales. “Thirty percent of transactions in flood zones were cancelled or delayed in January as a result of sharply higher flood insurance rates,” he said. “Since going into effect on October 1, 2013, about 40,000 home sales were either de‐layed or canceled because of increases and confusion over significantly higher flood insurance rates. The volume could accelerate as the mar‐ket picks up this spring.”

Congress is considering legislation to halt new flood insurance rates so the Federal Emergency Management Agency can complete an afforda‐bility study and determine the full impact of the law.

The median time on market for all homes was 67 days in January, down from 72 days in December and 71 days on market in December 2013. Short sales were on the market for a median of 150 days in January, while foreclosures typically sold in 58 days and non‐distressed homes took 66 days. Thirty‐one percent of homes sold in January were on the market for less than a month.

First‐time buyers accounted for 26 percent of purchases in January, down from 27 percent in December and 30 percent in January 2013. This is the lowest market share for first‐time buyers since NAR began monthly measurement in October 2008; normally, they should be closer to 40 percent.

All‐cash sales comprised 33 percent of transactions in January, up from 32 percent in December and 28 percent in January 2013. Individual investors, who account for many cash sales, purchased 20 percent of homes in January, compared with 21 percent in December and 19 per‐cent in January 2013. Seven out of 10 investors paid cash in January.

Single‐family home sales fell 5.8 percent to a seasonally adjusted annual rate of 4.05 million in January from 4.30 million in December, and are 6.0 percent below the 4.31 million‐unit pace in January 2013. The me‐dian existing single‐family home price was $188,900 in January, up 10.4 percent from a year ago.

Existing condominium and co‐op sales were unchanged at an annual rate of 570,000 units in January, and are 1.8 percent above a year ago. The median existing condo price was $188,700 in January, which is 13.0 percent above January 2013.

Regionally, existing‐home sales in the Northeast declined 3.1 percent to an annual rate of 620,000 in January, and are also 3.1 percent below January 2013. The median price in the Northeast was $241,100, up 6.6 percent from a year ago.

Existing‐home sales in the Midwest dropped 7.1 percent in January to a pace of 1.04 million, and are 8.8 percent below a year ago. The median price in the Midwest was $140,300, which is 7.6 percent higher than January 2013.

In the South, existing‐home sales declined 3.5 percent to an annual level of 1.95 million in January, but are 1.6 percent higher than January 2013. The median price in the South was $161,500, up 9.4 percent from a year ago. Existing‐home sales in the West dropped 7.3 percent to a pace of 1.01 million in January, and are 13.7 percent below a year ago. Sales in the West are attenuated by tight inventory in many areas, pushing the median price to $273,500, up 14.6 percent from January 2013.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries. For additional commentary and consumer information, visit www.houselogic.com and http://retradio.com.

ExistingHomeSalesDropinJanuaryWhilePricesContinuetoGrow

Page 6

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Easy. Affordable. Complete.

PalmBeachPost.com/FloridaHome

The Palm Beach Post’s

Florida Home website

is the KEY TO SUCCESS

for Real Estate Professionals.

SEE FOR YOURSELF. VISIT:

To advertise, contact Kathy Manning @ (561) 820-4370 or [email protected]

Page 8: Hour for digestdocs.ramconline.info/newsletter/2014/RAMC_News_March_2014.pdfA publication for and about our members March 2014 digest 14‐Hour Continuing Education Course for License

RAMC’S LEGAL LIABILITY TRAINING RAMC BYLAWS: ARTICLE VI, Section 13, Legal Liability Training states “Within two years of the date of election to membership,

and every two years thereafter, each REALTOR® member of the Association shall be required to demonstrate that they have completed a course of instruction on antitrust laws, agency laws, civil rights laws or the REALTORS® Code of Ethics, its interpreta‐tion and meaning and/or procedures related to its enforcement.” The Association shall provide a minimum of two (2) three hour qualifying courses per year. This requirement will be considered satisfied upon presentation of evidence that the member has completed an educational pro‐gram conducted by another Member Board, the State Association of REALTORS®, the NATIONAL ASSOCIATION OF REALTORS® or any of its affiliated institutes, societies or councils, or any other recognized educational institution which, in the opinion of the Board of Directors, is an adequate substitute for the training programs conducted by the Association. Any 3 hour course of instruc‐tion on a subject listed above which qualifies for Florida Continuing Education credit will meet the Legal Liability training require‐ment. Failure to satisfy this requirement biennially will result in membership being suspended from the date it otherwise would be re‐

newed until such time that the member provides evidence of completion of the aforementioned educational requirements.

BACKGROUND: When this bylaw requirement was implemented initially, RAMC offered two specific courses which satisfied this

requirement, Update 1: Ethics & Agency; Update 2: Fair Housing and Anti‐trust. Since then, a number of courses now satisfy this requirement and Update 1 and 2 are no longer offered.

Confused about the RAMC Legal Liability requirement?

Read the policy information below for clarification.

COURSES WHICH SATISFY THE REQUIREMENT: Courses that are at least 3 hours in length on (1) Agency; (2) Anti‐trust; (3) Ethics and / or (4) Fair Housing / Civil rights laws satisfy the Legal Liability requirement. If attending a course at another association or completing the on‐line Code of Ethics course through the NAR website, www.realtor.org, please submit the certificate of completion to RAMC. Other courses, at least 3 hours in length, which satisfy the requirement are:

• GRI 1 • CIPS International Real Estate for Local Markets • Misrepresentation: Property Disclosures • FAR/BAR Sales Contract Seminar • Roadmap to a Successful Closing • At Home with Diversity • Cruising for Diversity: Marketing Diversity on the Internet • 7 hour Instructor’s Renewal Education • 24.5 hour Attorney’s Renewal Education • 45 hour Salesperson’s Post Licensing • Broker Pre‐Licensing • Broker Post Licensing • Online Code of Ethics • Online Fair Housing course

THE ONLY COURSE THAT SATISFIES THE NAR CODE OF ETHICS REQUIREMENT IS THE CODE OF ETHICS COURSE, AND ITS REQUIRE‐MENT IS THE NAR FOUR‐YEAR CYCLE. NEXT CYCLE ENDS IN 2016. To check your Legal Liability Requirements/NAR Code of Ethics requirement please call the Association office at 772‐283‐1748 or email Renee at [email protected]

Page 8

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Invest in your success with RAMC Education

RAMC is committed to providing you with a variety of educational programs designed to enhance your real estate career. Whether you are looking to renew your license, up‐date your skills, or become certified in a cer‐tain area of real estate, RAMC has a course for you. If you have questions or need additional in‐formation, please call us at 772‐283‐1748 or visit the website at ramcfl.org.

Check In Please arrive 10‐15 minutes before class be‐gins in order to allow time for check‐in. On site registrations will be permitted if seats are available.

Registration Online (members only): 1. Log into http://www.RAMCFL.org

2. Click on Register for Classes

3. Click on the class

4. Click on Register Now

5. Enter credit card information if there is a fee

6. Click on Register

7. Click on Print Register on Confirmation page

Or, call 772‐283‐1748 to sign up

Unless specified, all classes are held at RAMC:

43 SW Monterey Rd Stuart, FL 34994

No refunds or credits for no‐shows.

Please cancel 48 hours in advance if necessary

14-Hour Continuing Education with Don Widmayer, All Florida Real Estate Schools Thursday and Friday, March 6th and 7th from 9:00am‐5:00pm $50.00 This course meets the 3‐Hour Core Law and 11‐Hour Specialty Credit requirement.

Live Webinar “Foreclosure Crash Course” with Andrea Tolbert Friday, March 7th 1:00pm‐ 4:00pm 3CEUs $15.00 There is a lot of misinformation floating around about foreclosures. What is a foreclosure? What are the types of foreclosures…and what is recognized in Flor‐ida? This course will bring you “back to the basics” covering the process and stages of a Florida foreclosure.

Basic (FUSION) MLS Thursday, March 13th 9am‐ 12:30pm 3 CEUs FREE Learn the rules and regulations, MLS overview, client set up, listing input, search & maintenance, add photos, print reports & add a listing to open house tour.

Intermediate (FUSION) MLS Thursday, March 13th 1:30pm‐ 4:30pm 3 CEUs FREE Listing search review, prospecting, hot sheets, financial functions and CMAs.

RAMC GoMLSApp Training Thursday, March 27th FREE

Session for ANDROID DEVICES: 9:00am‐10:30am Session for iOS (APPLE) DEVICES: 11:00am-12:30pm Join us for this class to learn how to use the new "RAMC GoMLS" app to view listings on the go. The RAMC GoMLS app can be installed and used on any iOS or Android device. Limited to 20 participants.

Realist (TAX) Training Thursday, March 27th 1:30pm‐4:30pm FREE Realist is the public records/tax roll information service provider for RAMC MLS. Learn how to run searches for mailing lists, exports, and create mailing labels among other functions. Limited to 20 participants.

Intermediate (FUSION) MLS Thursday, March 13th 1:30pm‐ 4:30pm 3 CEUs FREE Listing search review, prospecting, hot sheets, financial functions and CMAs.

Breakfast Club: Martin County Tax Collector Friday, March 28th, 9am‐10:30am FREE Join us to learn about all the resources and services available from the Tax Collec‐tor's Office.

education outlookoutlook

Page 9

March 2014 March 2014 March 2014

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Page 10

“““Thank You” to our February Program Sponsors Program Date Sponsor Sponsor Company

Marketing 2/4/2014 Patrice Drennan‐Smith PNC Mortgage

Affects of Water Discharges & Flood Ins. w/ Laurel Kelly 2/6/2014 Lynda McSherry TD Bank

Flood Insurance Panel 2/7/2014

Marketing 2/11/2014 Gay Asbury Seacoast National Bank

Basic MLS 2/13/2014 Jacqui Brock Searle and Associates Insurance

Advanced MLS 2/13/2014 Mike Searle Wells Fargo Home Mortgage

Marketing 2/18/2014 National Association of Realtors® & RPAC

New Member Orientation 2/21/2014 Jacqui Brock Prime Lending

New Member Orientation 2/21/2014 Nannette Walsh Seacoast Inspections

Marketing 2/25/2014 Mike Searle Searle and Associates Insurance

Fusion MLS Hands‐On 2/27/2014 Susan McCauley First International Title

GoMLS for SMARTPHONES 2/27/2014 Peggy Hornick East Coast Mortgage Lenders

RAMC Business Partners

If you are interested in sponsoring an upcoming program, please contact Renee at [email protected]

Correction from the February RAMC Digest: The sponsor for our Marketing session on January 7th was Christine

Duerr from Guaranteed Rate.

Supra Billing for ActiveKEYSupra Billing for ActiveKEYSupra Billing for ActiveKEY Payments are Due by 3/31Payments are Due by 3/31Payments are Due by 3/31

Pay over the phone 1‐877‐699‐6787 or online at http://supraekey.com

You cannot pay in person or over the phone with RAMC staff, you must contact Supra since all billing is done through them directly

If you didn’t get a paper bill, but you have a working ActiveKEY, YOU STILL HAVE A BALANCE! Call 1‐877‐699‐6787

If cancelling, or going inactive, you MUST return your key and charger before 3/31 to avoid charges

If switching to eKEY, do not pay your bill. Call Jeremey for an appointment Wednesday afternoons ONLY @ 4pm to swap out your Active Key for an eKey. Must do by 4/1

Page 11: Hour for digestdocs.ramconline.info/newsletter/2014/RAMC_News_March_2014.pdfA publication for and about our members March 2014 digest 14‐Hour Continuing Education Course for License

Martin County Visitor’s Information Center Volunteers Needed

Volunteer Job Description The City of Stuart, United Way of Martin County and the Council of Chambers of Martin County have teamed up with

Martin County Tourism Partners and the Hotel & Motel Association to continue to provide a Visitor Information Center

(VIC) in Downtown Stuart, located at 300 South West Saint Lucie Blvd. Stuart 34996.

These agencies are seeking to fill Hospitality Volunteer positions.

VIC Hours of Operation: 10:00AM to 4:00PM Monday‐Sunday

VIC Hospitality Volunteer Hours: Shifts 10:00AM‐1:00PM and 1:00PM‐4:00PM

Responsibilities:

Greet and welcome visitors as they arrive.

Ask each visitor to sign the visitor ledger. Maintain visitor log.

Provide local information, engage in conversation and assist with visitor needs.

Inform and direct guests to resources available to them, such as brochures, magazines, maps, websites, etc.

Help refill stock items in brochure racks. Call businesses and remind them to send/ refill promotion items, business cards, flyers, brochure and maps.

Restock information cart daily.

Maintain the cleanliness of the lobby.

Answer VIC phone lines and provide relevant information.

Maintain a call log. Perks:

Volunteers may choose which shifts they choose to work. Coffee and water will be available. Volunteers can attend Hobe Sound and Stuart/ Martin County Chamber Business After Hours events, free of charge. Volunteer shirts and/ or badge identification may be available. Volunteers will be included in other special events and activities as relevant to Martin County Tourism and local events.

If you are interested, or know anyone who may be interested in volunteering at the Visitor’s Information Center, please contact

Kathleen Stacey at [email protected]

Page 11

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Page 12

Article 15 of the REALTOR© Code of Ethics states: REALTORS® shall not knowingly or recklessly make false or misleading statements about other real estate professionals, their businesses, or their business practices. (Amended 1/12)

Case #1: Knowing or Reckless False Statements About Competitors

Realtor® A operated a residential brokerage firm in a highly competitive market area. He frequently used information from the MLS as the basis for comparative ads and to keep close track of his listing and sales activity as well as his competition.

One day, while reviewing MLS data and comparing it to a com‐petitor’s ad, Realtor® A noticed that Realtor® Z had used a dia‐gram to demonstrate his market share, contrasting it with those of several other firms. The ad showed that Realtor® A had listed 10% of the properties in the MLS over the past three months.

Realtor® A thought this was low. His analysis of MLS data showed his market share was 11%. Realtor® A filed an ethics complaint against Realtor® Z citing Article 15 of the Code of Ethics in that Realtor® Z’s “obviously understated market share claim” was a “misleading statement about competitors.” Real‐tor® A’s complaint was considered by the Grievance Committee which determined that an ethics hearing should be held.

At the hearing, Realtor® Z testified he had always been truthful in his advertising and that all claims were based in fact. He pro‐duced an affidavit from the Board’s MLS administrator which indicated that a programming error had resulted in miscalcula‐tions and, after careful recomputation, Realtor® A’s market share over the past three months had been 10.9%. The admin‐istrator’s statement noted that this was the first time that in‐formation related to Realtor® A’s listings or sales had been mis‐stated on the system. “I relied on information from the MLS. It’s always been accurate and I had no reason to even suspect it was wrong last month,” said Realtor® Z in his defense.

The Hearing Panel agreed with Realtor® Z’s logic, noting that a Realtor® should be able to rely on generally accurate informa‐tion from reliable sources. They reasoned that if, on the other hand, the MLS had shown Realtor® A having, for example, 1% of the market, then Realtor® Z’s reliance on the information would have been “reckless” because Realtor® A had generally had a 10–15% market share and a reasonable conclusion would have been that the information from the MLS was seriously flawed.

The Hearing Panel concluded that Realtor® Z’s comparison with his competitors, while slightly inaccurate, was based on usually accurate and reliable information and had been made in good faith and while technically “misleading,” had not been “knowing” or “reckless”. Realtor® Z was found not to have vio‐lated Article 15.

Case #2: Intentional Misrepresentation of a Competitor’s Business Practices

Following a round of golf early one morning, Homeowner A approached Realtor® X. “We’ve outgrown our home and I want to list it with you,” said Homeowner A. “I’m sorry,” said Real‐tor® X, “but I represent buyers exclusively.” “Then how about Realtor® Z?,” asked Homeowner A, “I’ve heard good things about him.” “I don’t know if I would do that,” said Realtor® X,

“while he does represent sellers, he doesn’t coop‐erate with buyer brokers and, as a result, sellers don’t get adequate mar‐ket exposure for their properties.”

Later that day, Home‐owner A repeated Real‐tor® X’s remarks to his wife who happened to be a close friend of Realtor® Z’s wife. Within hours,

Realtor® Z had been made aware of Realtor® X’s remarks to Homeowner A earlier in the day. Realtor® Z filed a complaint against Realtor® X charging him with making false and mislead‐ing statements. Realtor® Z’s complaint was considered by the Grievance Committee which determined that an ethics hearing should be held.

At the hearing Realtor® Z stated, “I have no idea what Realtor® X was thinking about when he made his comments to Home‐owner A. I always cooperated with other Realtors®.” Realtor® X replied, “That’s not so. Last year you had a listing in the Multi‐ple Listing Service and when I called to make an appointment to show the property to the buyer, you refused to agree to pay me.” Realtor® Z responded that he had made a formal offer of subagency through the MLS with respect to that property but had chosen not to offer compensation to buyer agents through the MLS. He noted, however, that the fact that he had not made a blanket offer of compensation to buyer agents should not be construed as a refusal to cooperate and that he had, in fact, cooperated with Realtor® X in the sale of that very prop‐erty.

In response to Realtor® Z’s questions, Realtor® X acknowledged that he had shown his buyer‐client Realtor® Z’s listing and that the buyer had purchased the property. Moreover, Realtor® X said, upon questioning by the panel members, he had no per‐

Ethics

Cont. on next page >>

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Page 13

sonal knowledge of any instance in which REALTOR Z had refused to cooperate with any other broker but had sim‐ply assumed that Realtor® Z’s refusal to pay the compen‐sation Realtor® X had asked for was representative of a general practice on the part of Realtor® Z.

The Hearing Panel, in its deliberations, noted that coop‐eration and compensation are not synonymous and though formal, blanket offers of cooperation and com‐pensation can be communicated through Multiple Listing Services,

Even where they are not, cooperation remains the norm expected of REALTORS. However, to characterize REAL‐TOR’s Z’s refusal to pay requested compensation as a “refusal to cooperate” and to make the assumption

and subsequent statement that Realtor® Z “did not co‐operate with buyer agents” was false, misleading, and not based on factual information. Consequently, Real‐tor® X was found in violation of Article 15.

Case #2 (cont. from previous page)

Page 13 Page 13 Page 13 Page 13 Page 13

2014 RPAC Members2014 RPAC Members2014 RPAC Members

$99 Club Members

The QM Rule: Impact on Lending and the Consumer

On January 10, 2014, the requirements of the Ability to Repay Quali‐fied Mortgage (ATR/QM) rule went into effect. All applications re‐ceived on or after that date were required to comply with the rule that includes, among other things, full documentation of income, assets and employment, a maximum of 3% on points and fees, a cap of 43% on the back‐end debt‐to‐income ratio, and limitations on the type of mortgage products that qualify and prepayment penalties, among other requirements. In conjunction with implementation of this rule, NAR’s Research Division distributed a survey to a sampling of mortgage originators in January. The survey instrument was mailed out on January 6 and closed on January 20. Questions in the survey instrument covered the characteristics of the lenders, market concerns, and a subset of questions focused on the qualified mort‐gage rule. When asked if the new rules would impact their business, originators indicated that all of their production to some extent would be impacted, with a significant impact on a smaller percentage of transactions.

To view the full findings, click here

Diane Asker

W. Thomas Aydelotte

Elias Azzi

Thomas Baker

Bobby Barfield

Peggy Batch‐Gattone

Diana Bloom

Stephen Bohner

Rick Boschen

Boyd Bradfield

Diana Bruton

Ronald Caruthers

Joan Cass

Robert Castellano

Jeff Clark

Christopher Clifford

Katherine Coury

Christopher Dalfo

Steven Day

William Dean

David Derrenbacker

Todd Doss

Stephen Dutcher

Debra Duvall

Mary Dwan

Margaret Dyer

Dennis Fadden

Melody Fortier

Elmira Gainey

James Gallagher

Cheryl Giannunzio

John Gonzalez

Ricou Hartman

Marion Jones

Carolyn Knight

Carol Kucharski

Angie Laviano

Vincent Laviano

Edward Long

Sean Mann

Joseph Martin

Sandy McAlister

Gail McCallum

John McGhee

Patricia McGhee

Stephen Osburn

W Ronald Paradise

Drew Pittman

Paula Police

David Powers

Kevin Powers

Anne Schmidt

Ronald Schmidt

Gary Scott

Randolph Segal

Richard Sheehan

Russell Sites

Gayle Sokoloff

Christine Solimine

Patrick Stracuzzi

Ryan Strom

William Vanderwerff

Mary Ann Villalva

Frank Wacha

H B Warren

Randy Wisniewski

Dorothy Yatsko

Capitol Club Jennifer Atkisson‐Lovett Nancy Burnopp Carolyn “Ann” Busbee Colleen Sample President’s Circle Golden “R”

Maria Wells

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Page 14

REALTOR® Safety Forms: More Than Just Space Filler

As agents you are more than likely overwhelmed with paper‐work and documents. However, there are a few key documents that are often overlooked, that every agent should have in their arsenal that may very well save your life or help in an emergency situation. It should be standard practice to make sure the forms are being completed and updated.

As agents you are independent contractors. These days many agents don’t go into the office regularly. However, you need to keep in mind that you are still contracted with and connected to your real estate sales office. The support staff there can help you stay safe while you work. You already follow safety procedures sharing your whereabouts, right? What if the unthinkable hap‐pens and law enforcement officials need information to search for you? Does your Managing Broker or office staff know what kind of vehicle you drive, or its color? Is your license plate num‐ber on file? Would they be able to reach a family member? Does anyone know if you have allergies or other medical concerns? The solution is to complete an Agent Information Form which, once completed will contain crucial family contact information and pertinent information about you and your vehicle in case of an emergency. Be sure you complete one and keep it updated regularly.

Another top safety tip that I stress to busy agents is to make sure someone knows where you are at all times. The easiest way to make this happen is to utilize an Agent Itinerary Form. The form requires you to take a few minutes to list your client’s in‐formation, the showing time frame, your contact info during that time, and addresses of where you will be showing (attach a MLS printout to the form). It seems like a lot of extra work, but this form will be invaluable if you become missing. It will allow office staff to hand a photo of who you are with and where you have been to the authorities. Law enforcement officials will be

able to retrace your footsteps. Since someone knows when you are ex‐pected back, if you don’t show up on time, you will be immediately missed. Calls can be made to your phone to check in and if things need to be escalated law enforcement officials can be called. Time is of the essence in these situations, so it is important to make

sure the form is complete and accurate. If you change any part of it, let your office know the change in plans. Allow would‐be buyers to see you complete the Agent Itinerary Form. Make sure they see you leave it on your desk. That alerts them to the fact that their information is on file. It also reminds them that their photo is in your office in case they decide to commit a crime. They know it will be in law enforcement official’s hands. Seeing you list return times sends a signal that if you don’t come back on time, you will be missed. It is a powerful deterrent.

A key component of the Agent Itinerary Form is the completion of the Prospect Identification Form. This form tells not only you, who your client is but can be used by law enforcement officials to find a possible perpetrator if you are victimized. Your office is the ideal place to have new clients complete this form. The form asks for a photo ID. Many agents hesitate to ask for this key piece of information. A professional way to request it is to let your clients know that in the interest of time, you will copy their license as they complete the rest of the form. Point out the sec‐tion on the form that requires an ID that will help them under‐stand that it is a part of the process. People have to show their IDs to write a check or to rent a car, they should not object to providing one when making the biggest purchase of their lives. If they do, red flags should go up. This is an expected part of the home‐buying process and legitimate buyers should have no problem with it. And if you work with a lender who has already verified identity you should still have the client fill out the Pros‐pect Identification Form for your own records.

Finally, every real estate sales office should review the Office Safety Action Plan with new agents and again on a regular basis with the entire staff. This plan is a customizable, check‐list of basic safety procedures agents should be following. It should be stressed that these are highly recommended, although not re‐quired, to ensure agent safety. The “distressed code system” conversation should include details of making such a plan work. Be sure to discuss what the code is, stress the need for a loca‐tion to be a key part of the plan and think through the steps that will be taken if action is needed. The “buddy system” is best if it is accompanied by a list of agents who are willing to accompany fellow agents who do not want to meet a client alone.

As agents, you make your living showing strangers empty houses. Utilize the forms provided by NAR at REALTOR.org/Safety to remove some of the danger from your job when work‐ing with new clients. The few extra minutes that you spend to complete them, could be the difference between life and death.

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Page 15

I know, I know social media can be intimidating and confusing to a lot of us,

but I truthfully believe as long as you approach it the right way it is easy and

can even be fun to do. In fact to do it right and generate business, social me‐

dia requires less than 15 minutes a day. Here are the keys:

1. Understand the Psychology of Social Media

Pick just the right sites for YOU. Don’t try to be on every social media

site, you don’t have the time for it and by spreading yourself too thin

you limit your chance of having success on any of them. Pick just a

couple of sites that match your personality and the kind of client you

are trying to reach, because each social media network has its own unique audience. This will allow you to reach clients

who are more similar to you and maximize your time in doing so.

2. Get the Time Management Part Down

Make sure you have a schedule set up and stick to it. Social media success only happens with daily activity, but that only

takes 15 minutes a day. And it’s not even consecutive, 5 minutes in the morning, 5 minutes in the afternoon and 5 in the

evening and you are on your road to success. And this is especially easy to do once you learn about tools like HootSuite

that can allow you to do things completely mobile and even pre‐schedule your activity in advance.

Craig Grant of The Real Estate Technology Institute and EasyRealtySites.com is a national speaker on all

aspects of technology, marketing and risk management as well as a top consultant for REALTORS® looking

to run their business more productively and cost efficiently using technology. For more information, Grant

can be reached at 352‐400‐4857 or by email at [email protected].

Social Media Is Easy, As Long as You Allow it to Be

Question: We had a contract to sell our house, and the buyer

made a $1,000 deposit. Two days before closing, he called and

said he had a change of heart and was backing out of the deal.

Luckily, we had a backup contract in place, but when we told the

first buyer that we were going to keep the deposit, he threat‐

ened to delay our new closing and cost us big bucks in attorney

fees. We agreed to refund the money to avoid the problem.

What good is the deposit anyway? – Hugh

Answer: The earnest money deposit has two purposes. It pro‐

vides the seller with proof that the buyer is committed to the

deal and provides incentive for the buyer to close. In most con‐

tracts, a “liquidated damages” clause provides relief to the seller

for time and expenses if the buyer improperly breaks the con‐

tract.

A deposit as low as $1,000 generally is not worth fighting over,

and I suspect the would‐be buyer took advantage of that. If a

buyer wrongly backs out of the contract, he can’t hold up a fu‐

ture closing just because of a fight over the deposit. And the

winner in this sort of lawsuit generally gets reimbursed for attor‐

ney’s fees.

That might have given you the confidence to stand up to him. In

the future, push for a larger deposit – generally 3 percent to 5

percent of the sale price. Requiring a larger deposit should not

scare away a serious buyer because most contracts contain con‐

tingencies that allow the buyer to safely get out of the deal if the

property fails inspection or the loan isn’t approved.

About the writer: Gary M. Singer is a Florida attorney and board‐

certified as an expert in real estate law by the Florida Bar. He is the

chairperson of the Real Estate Section of the Broward County Bar Asso‐

ciation and is an adjunct professor for the Nova Southeastern University

Paralegal Studies program.

The information and materials in this column are provided for general

informational purposes only and are not intended to be legal advice. No

attorney‐client relationship is formed. Nothing in this column is intended

to substitute for the advice of an attorney, especially an attorney li‐

censed in your jurisdiction.

Copyright © 2014 Sun Sentinel (Fort Lauderdale, Fla.). Distributed by

MCT Information Services.

RealestateQ&A:Buyerbulliessellerintoreturningdeposit

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WASHINGTON (January 30, 2014) – The following is a statement by Na‐tional Association of Realtors® President Steve Brown:

“The Homeowner Flood Insurance Affordability Act, S. 1926, passed by the Senate this afternoon is the time‐out Realtors® first advocated when dramatic flood insurance premium increases went into effect on October 1, 2013.

“This legislation will help homeowners nationwide who are experiencing financial hardship as a result of extreme flood insurance rates that are the unintended consequence of the Biggert‐Waters reforms to the Na‐tional Flood Insurance Program.

“Congress needs to hit pause on the unforeseen price increases and negative market effects of the reforms while the Federal Emergency Management Agency can complete an affordability study and research the true impact of the law.

“NAR data show that through January 2014, four months into the law’s implementation, more than 40,000 home sales were esti‐mated to be either delayed or canceled because of increases and confusion over flood insurance rates.

“Realtors® thank the sponsors of the Homeowner Flood Insurance Affordability Act, Sens. Bob Menendez, D‐N.J., Mary Landrieu, D‐La., and Johnny Isakson, R‐Ga., and look to the House of Representatives to take up the bill in the same bipartisan manner.”

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

Realtors® Praise Senate Passage of Bill to Delay Flood Insurance Rate Increases

Page 16

This update covers two issues of vital importance to REALTORS® National Flood Insurance Program Legislation and the release of a Federal Tax Reform Proposal.

Background NFIP: Throughout 2013 and 2014 REALTORS® have been working to address serious shortcomings in the 2012 Big‐gert‐Waters Flood Insurance Reform Act. The law was intended to bring much needed stability to the National Flood Insurance Program (NFIP) which had been operating under a series of stop‐gap measures. On numerous occasions the program actually lapsed, delaying closings and ending some transactions. Later this week the House of Representatives is poised to address the continuing issues with the NFIP. NAR Strongly Supports H.R. 3370 as AMENDED, the Homeowner Flood Insurance Afforda‐bility Act.

Next Steps: NAR is urging every member of the House of Repre‐sentatives to vote for the legislation when it is considered on the House floor later this week. NAR President Steve Brown has sent a letter of support for the legislation that is being delivered by NAR Lobbyists. The letter outlines why this legislation is of vital importance to REALTORS®. Additional information about the provisions contained in the House of Representatives ver‐sion of the NFIP Legislation as well as a comparison to the Sen‐ate NFIP Legislation and the Biggert‐Waters law is avail‐able. Once the House of Representatives acts a conference committee will have to reconcile the differences between the House and Senate versions.

Background Federal Tax Reform: After being out of the spot‐light for months, comprehensive Federal Tax Reform will likely gather some headlines later this week. While restoration of the Mortgage Cancellation Debt Relief is the primary short‐term tax concern for REALTORS®, remaining on watch for larger proposals that affect real estate is always an important component of our advocacy efforts.

NAR has learned that the Chairman of the House Ways and Means Committee, Dave Camp (R‐MI) is expected to release his discussion draft for comprehensive reform of the tax code on Wednesday. Chairman Camp has been working with his staff and Republican members of the Ways & Means Committee to develop the draft over the past couple of years, yet the contents of the discussion draft are one of Washington’s best kept se‐crets.

In anticipation of the release, NAR has sent a letter to all Mem‐bers of the House reminding them of NAR’s priorities in tax re‐form. It is important to remember this will only be a discussion draft and because of the political landscape and timeline, NAR does not believe any tax reform bill will become law this Con‐gress. However, NAR will carefully review the discussion draft when it is released and will be weighing in with comments on how the proposal affects both residential and commercial real estate.

UpdatefromNARonFloodInsuranceIssues

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Page 17

Trend IndicatorJANUARY 2014

Price Range 0-2 3 4+14 Total

Units

13 Total

Units2014 2013 Price Range

14 Total

Units

13 Total

Units2014 2013

<$99,999 19 7 1 27 43 157 164 <$99,999 23 20 140 156

$100 - $199,999 20 22 6 48 50 294 272 $100 - $199,999 7 6 182 184

$200 - $299,999 9 20 3 32 27 238 186 $200 - $299,999 7 7 137 134

$300 - $399,999 1 8 7 16 8 189 150 $300 - $399,999 3 4 57 57

$400 - $499,999 1 5 5 11 9 107 107 $400 - $499,999 3 0 22 30

$500 - $599,999 0 2 2 4 2 49 43 $500 - $599,999 2 0 6 3

$600 - $699,999 0 1 0 1 0 35 37 $600 - $699,999 1 0 2 5

$700 - $799,999 0 1 0 1 0 35 37 $700 - $799,999 1 0 2 5

$800 - $899,999 0 1 0 1 1 24 23 $800 - $899,999 0 0 3 7

$900 - $999,999 0 1 0 1 0 14 18 $900 - $999,999 0 0 1 5

$1 - $1,499,999 0 1 1 2 0 52 40 $1 - $1,499,999 0 1 2 9

$1.5 - $1,749,999 0 1 0 1 0 20 13 $1.5 - $1,749,999 0 0 0 0

$1.75 - $1,999,999 0 0 0 0 0 16 18 $1.75 - $1,999,999 0 0 0 0

$2 - $2,499,999 0 0 0 0 0 16 14 $2 - $2,499,999 0 0 0 0

$2.5 - $2,999,999 0 0 1 1 0 20 16 $2.5 - $2,999,999 0 0 0 0

$3 - $3,499,999 0 0 0 0 0 7 7 $3 - $3,499,999 0 0 0 0

$3.5 - $3,999,999 0 0 0 0 0 5 6 $3.5 - $3,999,999 0 0 0 0

$4 - $4,999,999 0 0 0 0 0 7 4 $4 - $4,999,999 0 0 0 0

>$5,000,000 0 0 0 0 0 6 14 >$5,000,000 0 0 0 0

Total Units 51 77 26 154 143 1,319 1,199 Total Units 47 39 565 610

Avg Price 142,112 322,743 452,592 284,846 188,985 529,984 566,476 Avg Price 190,634 181,000 211,146 232,723

Med Price 127,775 240,000 370,000 205,875 150,000 294,000 299,000 Med Price 105,000 95,000 184,900 179,900

Total Val 7,247,695 24,851,200 11,767,400 43,866,295 27,024,814 699,049,222 679,204,455 Total Val 8,959,800 7,059,000 119,297,416 141,961,291

Residential Condominium

Sold by # of Bedrooms Inventories Sold Inventories

Type 2014 2013 2014 2013 Type 2014 2013

Assum 0 0 8.56 8.38 Assum 0 0Cash 83 86 Cash 36 27

Conv 50 34 Conv 9 9FHA 12 18 FHA 0 0VA 5 3 VA 0 0

Seller 1 0 2014 2013 Seller 0 0Other 3 2 12.02 15.64 Other 2 3

DOM 2014 2013 DOM 2014 2013

1-30 39 49 1-30 12 1231-60 42 15 31-60 9 5

61-90 20 16 61-90 3 591-120 14 6 91-120 4 3121+ 37 54 121+ 19 14

Solds by Financing Type Absorption Rate Solds by Financing TypeResidential Residential Condo

Residential Condo

Absorption Rate

Condo

Solds by Number of DOM Solds by Number of DOM

Absorption rate: indication of average length of DOM

To calculate the absorption rate, divide the number of listings in your market by the number of sales during that month. For

example, if your market had 300 home listings last month and 100 sales, the absorption rate

is three months.

Based on MLS information from the Realtor Association of Martin County, Inc.

Page 18: Hour for digestdocs.ramconline.info/newsletter/2014/RAMC_News_March_2014.pdfA publication for and about our members March 2014 digest 14‐Hour Continuing Education Course for License

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.

2.1%

416 -11.8%

Percent Change

Year-over-Year

29.9%

1,251 8.3%

Closed Sales

174

89.2%

7.7 -9.6%

January 2014

Average Sale Price

Median Days on Market

91.1%

367

Average Percent of Original List

Price Received

Pending Inventory

Inventory (Active Listings)

Month

1,355

Months Supply of Inventory 6.9

Summary Statistics

Closed Sales

Paid in Cash

$390,531

January 2014

220New Pending Sales

New Listings

Median Sale Price

January 2013Percent Change

Year-over-Year

92 78 17.9%

174 134 29.9%

271 -18.8%

$275,000 $220,580 24.7%

405 376 7.7%

$426,851 -8.5%

57 84 -32.1%

Economists' note : Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend using the year-over-year percent changes rather than the

absolute counts. Realtors® and their clients should also be wary of

month-to-month comparisons of Closed Sales because of potential

seasonal effects.

September 2013 187

August 2013 216

July 2013 208

February 2013 130

January 2013 134

June 2013 214

May 2013 231

26.4%

April 2013 214

March 2013 211

28.9%

22.7%

-2.3%

58.5%

9.1%

24.4%

5.5%

18.2%

December 2013 212 17.8%

33.8%

8.5%

November 2013 178

October 2013 166

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Monthly Market Detail - January 2014

Martin County Single Family Homes

0

50

100

150

200

250

Clo

sed

Sal

es

2010 2011 2012 2013

Closed Sales The number of sales transactions which closed during the month

Page 19: Hour for digestdocs.ramconline.info/newsletter/2014/RAMC_News_March_2014.pdfA publication for and about our members March 2014 digest 14‐Hour Continuing Education Course for License

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.

-0.7%

207 -15.5%

Percent Change

Year-over-Year

4.3%

794 -19.6%

Closed Sales

72

90.0%

9.1 -29.9%

January 2014

Average Sale Price

Median Days on Market

89.4%

175

Average Percent of Original List

Price Received

Pending Inventory

Inventory (Active Listings)

Month

638

Months Supply of Inventory 6.4

Summary Statistics

Closed Sales

Paid in Cash

$141,940

January 2014

125New Pending Sales

New Listings

Median Sale Price

January 2013Percent Change

Year-over-Year

52 48 8.3%

72 69 4.3%

158 -20.9%

$106,000 $92,000 15.2%

188 224 -16.1%

$136,874 3.7%

55 68 -19.1%

Economists' note : Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend using the year-over-year percent changes rather than the

absolute counts. Realtors® and their clients should also be wary of

month-to-month comparisons of Closed Sales because of potential

seasonal effects.

September 2013 79

August 2013 81

July 2013 87

February 2013 102

January 2013 69

June 2013 82

May 2013 128

1.5%

April 2013 169

March 2013 154

39.7%

38.7%

21.4%

36.2%

1.3%

-12.8%

28.0%

20.8%

December 2013 81 -9.0%

-6.4%

1.1%

November 2013 73

October 2013 90

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Monthly Market Detail - January 2014

Martin County Townhouses and Condos

0

50

100

150

200

Clo

sed

Sal

es

2010 2011 2012 2013

Closed Sales The number of sales transactions which closed during the month

Page 20: Hour for digestdocs.ramconline.info/newsletter/2014/RAMC_News_March_2014.pdfA publication for and about our members March 2014 digest 14‐Hour Continuing Education Course for License

March2014March2014March2014MONDAYMONDAYMONDAY TUESDAYTUESDAYTUESDAY WEDNESDAYWEDNESDAYWEDNESDAY THURSDAYTHURSDAYTHURSDAY FRIDAYFRIDAYFRIDAY

3

48:30am—Residential Marketing, Area 9, Map K

53pm—Supra ActiveKEY Class

4pm—Supra eKEY Class

6

71pm—Foreclosure Crash Course (Live Webinar)

103pm—Government Affairs Com‐mittee

118:30am—Residential Marketing, Area 9, Map L

123pm—Supra ActiveKEY Class

4pm—Supra eKEY Class

139am—Basic MLS

1:30pm—Intermediate MLS

1412:30pm—Florida Realtors Legisla‐tive Briefing Luncheon

17

188:30am—Residential Marketing, Area 10, Maps M, N & Indiantown

193pm—Supra ActiveKEY Class

4pm—Supra eKEY Class

2012pm—Business Partner Apprecia‐tion Luncheon

219am—New Member Orientation

24

258:30am—Residential Marketing, PSL (Areas 7220, 7740, 7750, 7500, 7600, & 7800)

263pm—Supra ActiveKEY Class

4pm—Supra eKEY Class

279am—GoMLS Training for ANDROID

11pm—GoMLS Training for iOS

1:30pm—Realist Hands‐on training

289am—B‐fast Club with the Martin County Tax Collector

31

REALTOR® Store Featured ProductREALTOR® Store Featured ProductREALTOR® Store Featured Product NEW!!! These carry‐all’s are perfect for anyone on‐

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Many colors are available including: Black, Bone,

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great products we have to offer!

14‐hour CEU Course