Many obligations in the Code of Ethics are also obligations in License Law. That is particularly true with the language added to the Code of Ethics in 2019 requiring listing brokers to provide proof to cooperating brokers that an offer was presented. The same obligation with similar language has ALWAYS been in license law.
Have you ever wondered whether or not your buyer’s offer was actually presented by the listing agent to the seller? Failure of a listing broker to provide written affirmation to a cooperating broker indicating that an offer was presented is now a violation of BOTH the REALTOR® Code of Ethics and MLS rules.
Individuals can deduct up to $2500 from their state adjusted gross income when they make deposits into a First-Time Homebuyer Savings Account. Couples and deduct up to $5000 a year. To learn more on the who, what, where, when, why, and how, visit firsthomems.org.
The two awkward questions REALTORS have to ask a potential buyer can open the door to a better relationship from the beginning if asked a different way.
The MLS building downtown at 620 N. State Street has sold and closed. The MLS and CMR staff will continue to provide services out of the N. State Street location for about a year. The new headquarters will be located on Sunnybrook Road in Ridgeland behind Patty Peck Honda and in front of Ridgeland High School.
On February 19 REALTORS® will have the opportunity to vote on proposed bylaws revisions recommended by the Board of Directors to strengthen the structure of the Board of Directors.
Today marks the 21st day of the 2019 Legislative Session. This week, the committees in the House and Senate will be busy considering bills in advance of the upcoming February 5th deadline for committees to report on legislation.
The Mississippi REALTORS® are issuing a Call For Action on the Mississippi Senate to immediately adopt HB 366, the Mississippi Broadband Enabling Act.
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 _______.”
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.
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.
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.
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.
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.
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.
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.
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:
Annual dues bills for the 3 REALTOR® organizations are not the same as the previous year and are calculated as follows:
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.
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.
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
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.
We have created an infographic with quick and easy steps for paying your dues using the new member portal.
Instructions on how to find and login to your new member portal.
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.