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How Does That Work? A Limited Function Referral Office (LFRO)

posted: 01/21/2019

REALTOR® Brokers have an option to open a separate office for the purpose of waiving REALTOR® dues and MLS fees for agents who want to keep an active license with MREC but choose to work in a very limited capacity.

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Writes a Buyer’s Agent to a Listing Agent: “Please give me affirmation that you presented my offer.”

posted: 01/21/2019

And the listing agent’s response in writing should be “I’ll be happy to.  On  ____ date at _____time your offer was presented to the seller/landlord  and on  ______ at _____ seller/landlord chose to _______.”

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CFA: Tell the Senate to Pass HB 366 IMMEDIATELY

posted: 01/21/2019

The Mississippi REALTORS® are issuing a Call For Action on the Mississippi Senate to immediately adopt HB 366, the Mississippi Broadband Enabling Act.

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Taking Care of Business

posted: 01/07/2019

License Law and the REALTOR® Code of Ethics requires and expects agents to be diligent in taking care of business.   The following are real, recent examples of not taking care of business.  Ensure your business practices does not include these.

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What’s new in the Code of Ethics for 2019?

posted: 01/07/2019

NAR has recognized that a growing dilemma facing buyers’ agents is the assurance that the listing agent presented their offers.   The following NEW Standard of Practice 1-7 has been added to Article 1 of the Code of Ethics that obligates listing brokers to provide, upon written request of a buyer’s agent, written affirmation that an offer was presented or written notification that the seller waived the obligation to have the offer presented.   

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REALTOR® Safe Harbor App

posted: 01/07/2019

The REALTOR Safe Harbor application and website created and managed the Arkansas Association of REALTORS® is no longer available.  We ask that all members uninstall the application from all devices.

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NAR Helps Secure FEMA Reversal on New Flood Policies During Shutdown

posted: 01/07/2019

In a critical win for home sales, while the partial shutdown of the federal government is ongoing, the Federal Emergency Management Agency will issue and renew flood insurance policies, reversing an unexpected and controversial ruling the agency released last week. 

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How does that work -- REALTOR® Membership and MLS Participation?

posted: 12/17/2018

CMR members who joined the Association beginning in 2008 got this education as part of their REALTOR® Orientation; however, REALTORS® who joined before 2008 may not have taken it.  It’s a good review of some concepts that are often misunderstood.

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NAR: New Phishing Attempt

posted: 12/10/2018

Many National Association of REALTORS® members received a solicitation last week, purportedly from the REALTOR® Party, asking for donations to fund medical expenses for a young girl. This solicitation is not from the REALTOR® Party or the National Association of REALTORS®. NAR never solicits donations for personal or individual charities. 

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Are you steering buyers without realizing it?

posted: 12/03/2018

You are if you are using any personal biases to suggest to a buyer where he/she might want to live or not live.

Agents use different approaches to engage in unlawful steering such as:

  • Recommending homes to clients for consideration
  • Editorializing about areas the client should or should not consider

 

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How are annual dues bills calculated?

posted: 11/26/2018

Annual dues bills for the 3 REALTOR® organizations are not the same as the previous year and are calculated as follows:

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Staged New Construction May Be Targeted by Thieves

posted: 11/19/2018

If you stage new construction, be aware that a few of our members have had their staging furniture and accessories stolen, and local law enforcement believes an organized theft ring may be responsible.  Furniture is easy to steal from new construction since a truck being loaded with furniture will likely not look suspicious. 

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So why does it matter if I make a little mistake when entering a listing?

posted: 11/19/2018

Accurate data entry matters… a lot!

First, it is your fiduciary duty to your seller clients to ensure their property is exposed to all who may be interested.  What might appear to you as a small error, can result in your listing not displaying in searches that other REALTORS® are running for their buyer clients.

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What Happened to My Offer?

posted: 11/05/2018

The NAR Board of Directors, at their annual meeting in Boston Monday, amended an MLS policy that will require listing brokers to provide cooperating brokers with written notification about the disposition of their offer. The change aligns MLS policy with the Code of Ethics.

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What Do I Get for My Dues Dollars?

posted: 11/05/2018

First, let’s break it down to see exactly what you are paying:

National Association of REALTORS® - $185
Mississippi Association of REALTORS® - $173.50
Central Mississippi REALTORS® - $169.50

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Infographic: Paying Your Dues

posted: 10/30/2018

We have created an infographic with quick and easy steps for paying your dues using the new member portal.

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Infographic: Introducing Your New Member Portal

posted: 10/29/2018

Instructions on how to find and login to your new member portal.

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What Does RPAC Investing Do for Me Locally?

posted: 10/23/2018

CMR's Governmental Affairs Committee works hard to identify legislative issues in our local market affecting your ability to do business.  This past year they discussed and made recommendations to the CMR Board of Directors that we get involved in two issues.

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Panama City Relief Effort

posted: 10/23/2018

REALTORS® Randy Knouse and Cynthia McCool Knouse are taking supplies to the Panama City area Thursday. The U-Haul will be parked at 100 Depot Drive in Madison.  Please help if you can! 

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Congratulations to the Following CMR Members on Their 2019 NAR Committee Appointments

posted: 10/23/2018

Jeffrey Dillon - Leading Edge Advisory Board, Larry Edwards - Federal Taxation Committee, Gary Parker - Multiple Listing Issues and Policies Committee, Lynette Praytor - State and Local Issues Mobilization Support Committee, Janice Shows - RPAC Major Investors Council, Schneika Stokes -  Housing Opportunity Committee, and Dorothy Thompson - Professional Standards Committee.

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CMR's Website Behind the Scenes Maintenance

posted: 10/15/2018

Please overlook the sawdust on the floor while we work toward integration with our new Membership Management software. We are working to get classes, events, offices, agents, and committees automatically updating again. We are aware of missing photos during the transition.

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Great Things on the Horizon

posted: 10/01/2018

CMR is converting to a new membership management software platform starting on Wednesday, October 3, 2018, at noon.  Because we will not be able to provide proper services to our members during conversion, we are closing the office at that time.

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Question: Can a Seller Require a Pre-Qualification Letter Before Allowing Their Property to Be Shown?

posted: 09/24/2018

Answer:  Yes.

A seller gets to decide who enters his/her property. Most agents tell sellers at listing appointments that only screened and qualified buyers will be shown the property.

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Is Real Estate Your Hobby or Your Career?

posted: 09/24/2018

If you have been in real estate long enough to consider it a career, give serious thought to getting your Broker’s license.  The license is not just a path to opening an office and hiring agents. 

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When Offending Someone Is OK

posted: 09/04/2018

A broker’s office policy saved him this week from potential harm.  An out-of-state "buyer," who was unknown to the agent, was offended when an agent would not pick him up.

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