It is Bright MLS transition month. By this time, you should have received an email from Bright MLS for second quarter MLS services. Members should pay $75. If you have not received an invoice, please email me at merritt@scaor.com. For those who attended the first Bright MLS training on May 3, I hope it was helpful. Bright MLS representatives will be at SCAOR on May 11, 21, 30 and 31 conducting a range of training workshops. The web address to log into is BrightMLS.com/Training. Hope to see you around the building sometime soon! The official Bright Preview is May 14 with the Bright Conversion date of June 4.
Other news includes SentriLock billing to commence on June 1. Be on the look out for an email to log into the SCAOR portal and pay between June 1 and June 30. Late fees apply after June 30. The fee is covers members from July 1 to June 30. Home inspection, terminate inspection and appraisals now have access, if interested. Pro-Spect is the first company signing up. They should be using the lockbox program before July 4.
The Strategic Planning Committee will draft a new Strategic Plan on June 13 and 14. The current Association Mission Statement is focused on education, ethics and advocacy. I see technology, government affairs, education and communications are three areas we need to improve upon. We are all looking forward to drafting a new vision for the Association from 2019-2021.
Future meetings of interest is the Finance Committee meeting on May 8, Foundation mixer on May 8, Affiliate mixer on May 9, WCR/SCAOR education and mixer on May 10, NAR Legislative meetings from May 14-19, BOD meeting on May 24 and a REALTOR Safety class on June 14.
As always, thank you for allowing me to serve you as Association Executive.
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Reminder: The current CE licensing cycle ends on April 30th, 2018.
Reminder: The current two-year cycle for mandatory Code of Ethics training for Realtors ends Dec. 31. Get more info here.
NEW REALTOR® Branding: NAR announced it has evolved the REALTOR® logo after 45 years to better represent our multi-faceted organization. The REALTOR® trademark is the visual embodiment of our brand, which has tremendous brand equity. NAR will begin integrating the new logo in early June. At that time members should reference usage guidelines and begin implementing the new REALTOR® logo. Please visit NAR.realtor/brand to view the new logos, a short animation of the evolution of the iconic REALTOR® logo and FAQs which will provide more specific details on how and when to implement the new branding in your businesses.
Thanks so much to our Diamond & Platinum Affiliate Sponsors:
Local real estate market enjoys continued gains over same period a year ago
Data released recently by the Sussex County Association of REALTORS® (SCAOR) reveals a steadily strengthening local real estate market, with nearly all sectors holding steady compared to the same period in 2017, and the highest residential sales volume in a first quarter within the last 11 years.
1,002 residential homes were sold thus far in Sussex County for a total of more than $365 million. This represents a 5% decrease in the number of homes sold and a 9% increase in average sales price over the same period a year ago.
“It’s incredible to see the sales growth we’ve experienced continue to hold steady,” says Chris Lind, SCAOR’s 2018 president.
Home sales for the months of January, February and March were especially strong in 2018. The average sale price of a residential home in Sussex County rose slightly compared to the first quarter of 2017. The average residential home price sold for $364,275 in the first quarter, compared to $333,961 last year.
As of March 31, there was slight increase in total volume verses the first quarter of 2017. This means that home sale prices are holding steady at pre-recession levels.
“With such a strong start, it’s easy to get excited about the rest of the year. We’re optimistic about the future of real estate in Sussex County,” says Chris.
Commercially speaking, the first quarter of 2018 saw an increase in units sold over the previous year, but a decline in average sales price. Additionally, more than $14 million has been generated in commercial sales, and more than $24 million in sales of land.
To view an extensive database of homes that are currently for sale in Sussex County, visit SCAOR’s Website at www.scaor.com.
The Sussex County Association of REALTORS® was chartered in 1949 and has steadily grown in size, scope, and mission during its more than 6 decades in Sussex County. It is a professional trade association with goals of carrying out a program of ethics, education, and advocacy for real estate in the county.
SCAOR is a resource for the public, as well as a recognized advocate for property rights and property owners in Sussex County. The association also monitors legislative issues on the local, state, and national levels that may impact home ownership in the area.
To read more about issues related to Sussex County’s real estate industry, visit SCAOR’s website at www.SCAOR.com.
License Renewal is quickly approaching! Don’t forget to visit our website www.scaor.com and click on the “EDUCATION” tab! We have some great classes coming up to get your final CEs complete.
Stay tuned as we have 2 National Instructors on the horizon…Melody McClain on May 10th and Paula Monthofer on June 14th!
We welcome all feedback about our course offerings and any ideas that you may like to see.
Kindest Regards,
Patricia L. Anderson
Director of Professional Development/ProStandards Administrator