By “Coach” Marilou Butcher Roth
Our upcoming state Convention begins on Monday, merging with Kentucky to create a spectacular event! If you haven’t registered yet, please take the time to go to www.oarconvention.com for all the information you will need.
Why take time from your busy workday to attend? How can this benefit you and your bottom line? Let’s begin with the education provided — national speakers will be providing you with the most relevant, quality information available to REALTORS. Just take a look at the line up and imagine how your own individual professionalism will increase with the knowledge you obtain.
The networking opportunities are vast in any direction of this event. And, this year, not only will you meet REALTORS from across our own state, but Kentucky as well.
The EXPO is “sold out” with more than 120 vendors, providing the most up-to-date tools to assist you in your business.
And, let’s not forget the social aspect of this event! Each evening there will be something fun for you to do, allowing you to unwind from all of the great information of the day!
If you are registered, take some time and go through the schedule to determine how you can maximize your time. Make this convention yours, not just something you think you “should” do!
When you bring all of these opportunities together with REALTORS spanning two states, I can easily see next week is indeed “Where Excellence Meets!”
See you there!
Marilou Butcher Roth is the owner of The MBR Group, a coaching and training company working primarily with REALTORS who have a desire to work and live from a more inspired place. She is also the Broker/Owner of Group REALTORS in Cincinnati.
Marilou is a member of the Ohio REALTORS Board of Directors and past chairman of the organization’s Communications Committee. Feel free to contact Marilou to see if coaching is right for you: Marilou@mbr-group.com
With technology breaches an almost every day occurrence, it’s imperative that we stay current to protect ours and our client’s data. We must be constant learners to stay up with an ever-changing world. Nationally recognized expert Craig Grant is coming back to Ohio and ready to give you a day packed full of great information to help you in your real estate business.
The Ohio REALTORS 2017 Tech Tour is coming to:
MORNING SESSION – 8:30 a.m. – 11:45 a.m. (3 hours real estate credit) — “MARKET LIKE A ROCK STAR ON A ROADIES BUDGET”
Today’s consumer have access to more information and tools and are more mobile than ever before. So for a REALTOR to succeed they need to adapt and change their marketing techniques by making promotions more targeted, personal and visual and leveraging newer platforms including video and social media. This session will explore how consumers are changing and what marketing techniques & tools you can implement for little or no cost and that require little technical skill or knowledge.
AFTERNOON SESSION – 1:15 p.m. – 4:30 p.m. (3 hours real estate credit) — “DATA SECURITY, RISK MANAGEMENT & TECH SAFETY”
As part of your professional duties as a REALTOR you are charged with collecting and storing vital information from your customers/consumers. You also are encouraged to use many technology tools and online resources that open you and your clients up to the risk of viruses, malware, social engineering, identity theft and more. With today’s consumer being more connected and prepared than ever before, they expect their REALTOR to understand and be proficient with all of the technological advancements. Plus there are many laws, policies and general etiquette items that have to be addressed. This session is intended to help today’s REALTOR steer themselves and their clients’ through the perilous legal, online and social media world, and provide personal and computer safety tips to keep the consumer information stored on their computer devices and in the cloud safe.
By Carl Horst, Ohio REALTORS Director of Publications/Media Relations
The rate of homes sold across Ohio in August reached a record-breaking level, increasing 4.2 percent from the mark posted during the month a year ago, according to Ohio REALTORS.
“The Ohio housing market is continuing to experience a solid level of sales activity and steady growth in pricing,” said Ohio REALTORS President Pete Kopf. “It’s evident, based on August’s record-breaking level of activity, that the desire to achieve the American Dream of home ownership is strong across Ohio.
“Further, Ohio’s REALTOR community remains hopeful that we will begin to experience a rise in the number of homes being listed for sale so that we can continue to move the marketplace forward.”
August’s average home price of $178,675 reflects a 6.2 percent increase from the $168,303 mark posted during the month last year.
Sales in August reached a seasonally adjusted annual rate of 150,657, a 4.2 percent increase from the 144,627 level reached during the month a year ago. The rate of sales recorded in August 2017 reached a best-ever level for the month, surpassing the month’s previous record set in 2005 (148,277).
The market also experienced a 2.7 percent increase in sales from the July’s seasonally adjusted annual rate of 146,762.
Around the state, 11 of the 18 markets tracked reported upswings in average sales price. Similarly, the rate of home sales increased in 11 markets compared to August 2016.
Data provided to OAR by Multiple Listing Services includes residential closings for new and existing single-family homes and condominiums/co-ops. Ohio REALTORS, with more than 31,000 members, is the largest professional trade association in Ohio.
By Greg Stitz, Ohio REALTORS Director of Research
As inventory levels dropped over the past three years, so did the average number of days listings spend on the market. In 2015, 44 percent of respondents to Ohio REALTORS August housing market confidence survey indicated their listings were staying on the market for an average of 40 days or less. In 2016 the percentage grew to 55. This August, 70 percent of respondents indicated their listings on average are off the market within 40 days.
Survey results are based on responses to a monthly survey, designed to capture the effects of the existing economic conditions and trends on the real estate industry, sent to a pool of 1,500 Ohio REALTORS participants. Click here to participate in future Ohio REALTORS Housing Confidence Surveys.
By Christie DeSantis, National Association of REALTORS
On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) released the final rule amending the “Know Before You Owe” (KBYO or TRID) mortgage disclosure rule. As advocated for by NAR, the final rule clarifies the ability to share the Closing Disclosure (CD) with third parties — a victory for real estate professionals nationwide.
As outlined in the 2016 proposed rule, the final rule highlights an existing exception within the Gramm-Leach-Bliley Act (GLBA) and implementing Regulation P that allows lenders to share the CD with third parties (sections 502(e)(1) and 509(7)(A)). The CFPB recognizes the CD as a “record of the transaction,” which is “informative to real estate agents and others representing both the consumer credit and real estate portions of residential real estate sales transactions.” The CFPB notes that CD sharing is permissible to the extent it is consistent with GLBA and Regulation P and is not barred by applicable State law.
The final rule was published in the Federal Register on August 11, making it effective on October 10, 2017. Mandatory compliance is required by October 1, 2018.
For more information, click here.
Source: National Association of REALTORS