REALTORS® Helping the Children of Flint

REALTORS® are impacting their communities in times of need. Thanks to generous donations, including Traverse Area Association of REALTORS®, the Michigan REALTORS® Relief Fund raised $20,000 in 2016. Overlooking the Flint River, a check for $20,000 was recently presented to the Community Foundation of Greater Flint. The funds will be used to aid children with interventions that support positive health outcomes for Flint children. 

Learn more about the fund, the foundation and see who donated at: www.mirealtors.com/relief-fund

Voice for Real Estate 49: Brexit, Drones, Flood Ins.

The U.K.'s vote to leave the European Union has resulted in lower mortgage rates and could make U.S. real estate more attractive. That's the assessment of NAR Chief Economist Lawrence Yun in the Voice for Real Estate for the week of July 5. Other stories look at the final rule for the commercial use of drones and how laser technology can help lower flood insurance premiums. Watch it here,  https://www.youtube.com/watch?v=DjTW6knrAvM

National Association of REALTORS® Political Action Committee (RPAC) Endorses Jason Allen for U.S. Congress

The Traverse Area Association of REALTORS® and the Michigan REALTORS® Political Action Committee is pleased to announce that, based on their recommendation, the National Association of REALTORS® Political Action Committee (RPAC), endorses Jason Allen in Michigan’s First Congressional District. 

Jason Allen has been a trusted ally and friend of Northern Michigan REALTORS® and private property ownership.  Jason’s experience, his staunch support of private property rights, and his understanding of industry issues make Jason the best choice to represent Traverse Area Association of REALTORS®.  Jason will be a tremendous asset to have representing Northern Lower Michigan and the Upper Peninsula in Congress.

RPAC, the largest trade association Political Action Committee in the United States, follows strict guidelines to ensure that candidates are supported based on their support for issues affecting REALTORS® and not party affiliation.  Candidate endorsements are based on local recommendations and approved by REALTOR® Trustees for Michigan RPAC & the National Association of REALTORS® PAC.

Lawrence Yun is coming to Traverse City!

Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of REALTORS®, will be in Traverse City on August 25th providing Northern Michigan with information to stay ahead of the curve in Real Estate. Don't Delay, RSVP for Lawrence Yun Today! RSVP Here: https://www.eventbrite.com/e/real-estate-forecast-from-nar-chief-economist-lawrence-yun-tickets-26204499363

A Heartwarming Reminder of Why You're in This Business

Heather Christie, associate broker at Berkshire Hathaway HomeServices HomeSale Realty in West Lawn, Pa., has written a beautiful piece that will speak to any real estate professional who’s dealt with a painful transaction. She worked with sellers who had fallen on hard times and had to sell their home last fall after 30 years living there. They were emotionally fraught, but Christie was their guiding light. Read what Christie writes about her experience:  http://speakingofrealestate.blogs.realtor.org/2016/06/02/a-heartwarming-reminder-of-why-youre-in-this-business/?om_rid=AAUFYO&om_mid=_BXXvEhB9Ohm7R2&om_ntype=RMODaily

REALTORS® Confidence Index

Put together by NAR Chief Economist Lawrence Yun, The REALTORS® Confidence Index, is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners.

Highlights include: 

  • National REALTORS® confidence and traffic indices indicate that overall housing market activity slightly improved in April 2016 from March 2015. 
  • Nationally, half of properties that sold in April 2016 were on the market 39 days. 
  • Very low supply, steep price increases, and lender processing delays were reported as the key issues affecting sales, particularly to first-time homebuyers.

MLS Policy Change

To All NGLRMLS Participants

At the NAR Midyear Meeting in Washington D.C. a change was made in the MLS Policy 7.85 that you need to be made aware of as it was deemed effective immediately.  Why is this important to NGLRMLS users? We’ve received complaints about the unauthorized reuse of listing information and photos by persons other than the broker who originally created that content. This NAR policy language addresses that issue and allows the MLS to monitor for compliance and set violation criteria for those who use the content without authorization. In essence this policy language deals with the rights to the content of a listing because:

NAR mandates brokers obtain and grant licenses to MLS content. No more will scrapping information or photos from previous listings or other copyright sources be permitted AND brokers must agree to license this data for use by the MLS.

Before submitting a listing to the MLS, the listing broker should own or have the authority to license all listing content to be published in the MLS.

Brokers cannot be required to transfer ownership rights, including intellectual property right, in their listings or listing content to participate in the MLS.

But MLS’s may require brokers to grant the licenses necessary for storage, reproduction, compiling and distribution of listings and listing information.

 

For more information and answers to some FAQ’s this link to the NAR webpage will provide more details.

http://www.realtor.org/policy/2016-changes-to-mls-policy-statement-785-faq

 

Nine Story RiverWest Traverse City Development Update

There continues to be a lot of activity around the proposed nine story building in Downtown Traverse City. To keep you informed on the topic here is some of the latest news as well as two videos put together by the developers of the RiverWest project, so you can check it out for yourself. For those interested, there is a  City Commission Public Hearing  this evening  (Monday, December 7th)   at 7 pm  held in the Commission Chambers on the second floor of the Governmental Center  (400 Boardman Avenue, Traverse City).

Traverse City Planning Commission Approves Nine Story Development Site Plan - http://www.9and10news.com/story/30645334/traverse-city-planning-commission-approves-nine-story-development-site-plan

Traverse City Heads to Court Over Tall Buildings - http://www.traverseticker.com/story/city-heads-to-court-over-tall-buildings

RiverWest TC Development Promotional Video - https://www.youtube.com/watch?v=VqqD1y9ez9s&feature=youtu.be

RiverWest TC Development Short 3D Model Video - https://www.youtube.com/watch?v=9dtjlKjKUrQ

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