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June 2018 revisions to MAR’s Standard Purchase Agreements (F1 and F2)

posted: 07/09/2018

If you use MAR’s purchase agreements, it is most likely in your clients’ and firm’s best interest that you use the most recent revision of them unless your Broker requires you to use an older version for specific reasons that they can verbalize.  MAR frequently revises the forms for good reasons determined by a Committee of practicing Brokers across the state in consultation with MAR’s legal counsel. The most recent revisions of the Residential Purchase Agreement (F1) and Lots Purchase Agreement (F2) is 06/2018.  Review the changes and consult your Broker if you are using an older version.

Busted! Cybercrime Ring Gets Cuffed

posted: 07/06/2018

Eight criminals have been caught after they used email to scam real estate agents and buyers to commit wire fraud to steal approximately $15 million.  Read the article about how a real estate company assisted the FBI in nabbing the criminals.  As suggested in a separate article, you may wish to consider inserting the wire fraud email template into your email signature to help protect your clients. 

Has Anyone Ever Told You, You Should Run for Office?

posted: 07/05/2018

If so, you must have shown some interest in or talent for local politics.  On October 25, we’d like to provide some help to determine whether running for office is right for you.  Central Mississippi REALTORS® and Mississippi REALTORS® intend to co-sponsor a one-day Candidate Training Academy for REALTORS® and friends of REALTORS® who have a sincere interest in the subject of running for public office. 

A Challenge to REALTORS® and Brokers to Take the High Road

posted: 07/03/2018

There has been a lot of anxiety and frustration exhibited over the measures you all are having to take to comply with the new advertising rules that took effect July 1.  Because you have had to go to a lot of lengths to become compliant, your tendency might be to scrutinize every sign, ad, and communication you come across to see if it is in compliance. 

CFA: So Close, but yet...

posted: 07/02/2018

Each of you knows CMR as an Association likes to be first in everything and exceed any goal handed to us. Because of your effort, Mississippi was the FIRST state to exceed the 20% goal set by NAR for responses to the Call for Action on flood insurance.

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Ethics Citations Related to Advertising

posted: 06/27/2018

With the July 1 deadline approaching to comply with the new MREC advertising rules requiring firm name and firm phone number in all forms of advertising, also remember that firm name display in advertising is an obligation of the Code of Ethics - Article 12, Standards of Practice 12-5 and 12-9.

Be Careful – Know Your Definitions!

posted: 06/26/2018

Contacting a withdrawn seller is soliciting a listing that is still listed which is a potential violation of Article 16 of the Code of Ethics.

In our MLS, the listing agreement with the seller is still intact when a property is in withdrawn status.  Withdrawn is a temporary status used when a seller doesn’t want the property shown while something temporary is going on (renovations, family illness, Christmas holidays, etc.).

Have you been a REALTOR® for 40 years?

posted: 06/22/2018

If yes, NAR has an award for you – REALTOR Emeritus Status.

Through 2019, a REALTOR® Member who has held membership in the National Association of REALTORS® for a cumulative period of 40 years, and has completed at least one year of service to the Association, is eligible for REALTOR® Emeritus status.

If You Use MAR's Forms

posted: 06/05/2018

You received information recently that several of MAR’s Standard forms were revised in March.  Last week, five of the recently revised standard forms were once again revised based upon member input and have a revision date of May 2018.  If your firm uses MAR’s forms, it is to your advantage to use the most current revision.

CMMLS EXPO Raffle "The Ultimate Jackson Staycation"

posted: 05/24/2018

The “Ultimate Jackson Staycation” package will be raffled off to one lucky attendee of the 2018 MLS Expo. More details including prize list and prices provided within.

Actions Taken by the NAR BOD May 19

posted: 05/21/2018

Actions taken by the NAR Board of Directors held Saturday, May 19 in Washington, DC of which you need to be aware.

What is the Market Heartbeat?

posted: 04/04/2018

You are missing the boat if you are not emailing your sphere of influence a monthly CMMLS Market Heartbeat.

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A New Best Practice

posted: 04/02/2018

A New Best Practice. The Best Practices Committees is hard at work updating CMR’s Best Practices. Five new ones are being added this year. Here’s one of them.

Are You Being Spied On During Showings

posted: 04/02/2018

Be careful: You and your buyer may be under surveillance when touring a property.

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Are You Prepared to Use "Coming Soon" in Your Marketing?

posted: 03/20/2018

“Coming soon” can be an effective marketing tool if:

1. A signed listing agreement is in place.
2. The MLS Exemption was filed with the MLS within 24 hours of having the signed listing agreement.
3 The property is not shown to anyone, by anyone until it is exposed to the full buying market for the benefit of the seller.

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Your Duties to the Public in Real Estate Photography

posted: 03/13/2018

Through the use of new technologies in the photo industry, REALTORS® can become creative with the way photos and images are displayed on websites.

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MARPAC Endorses CMR Appraiser Bob Morrow for House District 60

posted: 03/08/2018

MARPAC Endorses CMR Appraiser Bob Morrow for House District 60.

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Social Media is Advertising and both MLS Rules and the Code of Ethics Apply

posted: 03/06/2018

Your next Facebook post could be a violation of the MLS and Code of Ethics. Read this tip to steer clear of MLS and Code violations.

REALTORS® Launch Campaign to Raise $20,000 for Blair E. Batson Hospital

posted: 03/01/2018

For the second year in a row, Central Mississippi REALTORS® (CMR) will be a participant in the Over the Edge with Friends of Children’s Hospital fundraising attraction.

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Pathways to Your Professionalism

posted: 02/21/2018

Now makes the perfect time to rebrand ourselves as industry professionals. With that, I challenge each of you to adopt a new commitment to professionalism in every transaction. Rod Crosby, 2018 President.

Pearl and Byram Under Consideration to be Removed from USDA Rural Housing Program

posted: 02/15/2018

USDA Rural Development is conducting a review of Pearl and Byram to determine whether or not these areas should be removed the rural housing programs. The deadline to submit comments is February 28, 2018.

The Most Misunderstood Concept in REALTOR® World

posted: 02/13/2018

The Code of Ethics requires all REALTORS® to cooperate, but there is no obligation under the Code to compensate.

President's Challenge for Professionalism

posted: 02/12/2018

It's time to take professionalism to the next level! I invite you to join me at the next membership gathering titled, "2nd Annual REALTOR® Winter Workshop" on Tuesday, February 20 at Highland Colony Baptist Church.

NEW! CMR Staff Training & Development in 2018

posted: 01/30/2018

To maintain a team of staff who are skilled in providing you the highest quality of services possible, a “Staff Development Workday” has been scheduled off-site each quarter.

Who are the Hackers Targeting Transactions?

posted: 01/30/2018

Wire fraud schemes have accounted for $5 billion in financial losses to consumers since 2013, according to FBI statistics. Other common schemes in real estate include fake referral emails, “overpayment” scams, and fake DocuSign emails.