2019 Housing Summits

2019 Ada County Housing Summit                            2019 Elmore County Housing Summit                        2019 Gem County Housing Summit

BRR hosted Housing Summits in Ada and Elmore County in July, and will host the Gem County Housing Summit in August. If you’re interested in attending the Gem County Housing Summit, click here to register. There is no cost for members.

Looking for the Mid-Year Residential Real Estate Updates? Here are the download links:

 

BRR’s new Guide to Civic Engagement was also announced at the 2019 Housing Summits. Learn more about how to get involved on our website and download the handout today!

Guide to Civic Engagement pg 1              Guide to Civic Engagement pg 2

 

EVENT PHOTO GALLERIES

Ada County Housing Summit  | Elmore County Housing Summit | Gem County Housing Summit

June 2019 Market Report

RECORD ADA COUNTY HOME PRICES TEMPERED BY LOW MORTGAGE RATES

Key Takeaways:

  • The median sales price for Ada County reached a new record of $354,405 in June 2019. This was up 10.0% over the same month last year.
  • Ada County home prices continue to be driven by a decreasing supply of lower-priced existing homes compared to demand, new homes selling at overall higher prices due to rising construction costs, as well as increased purchasing power due to low mortgage rates.

Analysis:

Home prices have continued to climb in Ada County, reaching a record median sales price of $354,405 in June 2019. This was up 10.0% over the same month last year. The median sales price for both existing and new homes were also at record highs in June, at $339,945, and $419,040 respectively. While we can’t point to any one factor for the hike in prices, we have identified three reasons we’re seeing these types of numbers in Ada County.

There continues to be a shortage of housing, particularly in the lower price points. This has caused the share of higher-priced home sales to continue to rise, further driving up the median sales price for the existing segment, as well as the market overall. The uptick in existing inventory of 13.2% year-over-year in June was no match for the fact that we’ve seen demand consistently outpace supply for the last several years, as indicated by the fact that the Months Supply of Inventory (or MSI) was 1.1 months in the existing segment. A balanced market—not favoring buyers or sellers—is typically between 4-6 months of supply.

As we’ve noted previously, the rise in new construction home prices is due to the increasing costs of land, materials, shortage of skilled labor, as well as consumer preferences. A recent report from the National Association of REALTORS® (NAR) says that, “Job openings in construction in May 2019 outpaced the number of workers looking for construction jobs.” This shortage of workers has hampered housing starts nationwide and has an impact on the type of product and at what price point builders are able to build.

Yes, prices are up, but low mortgage rates are helpful for buyers and may also be influencing what homes buyers purchase and at what price point. Since lower rates equates to lower monthly payments, buyers may be selecting a more expensive home that still fits their budget. Low mortgage rates also fuel demand for housing, as those who have been waiting for rates to drop to start shopping for homes.

FRED Mortgage Rates

We’ll be taking an in-depth look at these trends and additional data for Ada County in our forthcoming mid-year market report. It will also touch on buyer and seller demographics, challenges, and a comparison of today’s market and our previous peak in 2007.

 

JUNE 2019 ELMORE COUNTY HOUSING MARKET UPDATE

As of June 2019, the median sales price for homes in Elmore County reached $169,744; an increase of 10.9% compared to the same time last year and a new record high. Due to the smaller number of transactions that occur in the area, we use a rolling 12-month median sales price to get a better idea of the overall trends. Prices continue to be driven home buyer demand and persistently low inventory.

Speaking of low inventory, June marked 53 months of consecutive year-over-year declines in inventory — leaving 69 homes on the market at the end of the month, down 17.9% from June 2018. The Months Supply of Inventory (or MSI) in Elmore County dropped to 1.3 months — down 23.5% from the same month last year.

The MSI metric measures the relationship between pending sales (which measures buyer demand) and inventory (which measures supply). A balanced market— not favoring buyers or sellers — is typically when MSI is between 4-6 months of supply. MSI below four months is usually more favorable to sellers, while MSI above six months is usually more favorable to buyers.

There were 51 closed sales in Elmore County last month — up 27.5% from the same month last year. Homes that closed in June spent an average of 47 days on the market before going under contract, 62.1% slower than in June 2018 when the average days on market was 29.

We’ll be taking an in-depth look at these trends and additional data for Elmore County in our forthcoming mid-year market report. It will also touch on buyer and seller demographics and the unique circumstances of the area’s housing market.

 

JUNE 2019 GEM COUNTY HOUSING MARKET UPDATE

As of June 2019, the median sales price for Gem County was at $214,000, an increase of 11.3% over the same period last year. We use a rolling 12-month median sales price to get a better idea of the overall trends due to the smaller number of transactions that occur in the area. Home prices have been driven by persistently low inventory versus demand.

There were 18 homes sales in June, down 18.2% from June 2018, and down 52.6% from last month. However, there were 56 pending sales, up 7.7% from a year ago, so we’ll likely see those sales close in the next month or two. This left 50 homes available for sale at the end of the month, down 31.5% year-over-year.

Pending sales (or homes under contract) measures buyer demand, while inventory (or homes for sale) measures supply. The relationship between these two metrics is reported as Months Supply of Inventory (or MSI), which was at 1.3 months in June 2019, down from 2.3 months a year ago.

A balanced market — not favoring buyers or sellers — is typically when MSI is between 4-6 months of supply. MSI below four months is usually more favorable to sellers, while MSI above six months is usually more favorable to buyers.

Although home sales were down a bit, the homes that are selling are selling fast. The homes that sold in June spent an average of 18 days on the market before going under contract, so buyers need to be prepared to move quickly when shopping for home in Gem County.

 

RESOURCES:

Additional information about trends within the Boise Region, by price point, by existing and new construction, and by neighborhood, are now available here: Ada CountyElmore CountyGem County, and City Data Market Reports. Each includes an explanation of the metrics and notes on data sources and methodology.

ADA Snapshot - June 19Canyon County Members Only

Elmore Snapshot - Jun 19Gem Snapshot - June 19

Download the latest (print quality) market snapshot graphics for Ada CountyAda County Existing/ResaleAda County New ConstructionElmore County and Gem County. Since Canyon County is not part of BRR’s jurisdiction, we do report on Canyon County market trends. Members can access Canyon County snapshots and reports in the Market Report email, or reach out to us directly at cassie@boirealtors.com or annie@boirealtors.com.

# # #

This report is provided by Boise Regional REALTORS® (BRR), a 501(c)(6) trade association, representing real estate professionals throughout the Boise region. Established in 1920, BRR is the largest local REALTOR® association in the state of Idaho, helping members achieve real estate success through ethics, professionalism, and connections. BRR has two wholly-owned subsidiaries, Intermountain MLS (IMLS) and the REALTORS® Community Foundation.

If you have questions about this report, please contact Cassie Zimmerman, Director of Communications for Boise Regional REALTORS®. If you are a consumer, please contact a REALTOR® to get the most current and accurate information specific to your situation.

The data reported is based primarily on the public statistics provided by the IMLS. These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. These statistics are not intended to represent the total number of properties sold in the counties or cities during the specified time period. The IMLS and BRR provide these statistics for purposes of general market analysis but make no representations as to past or future performance. The term “single-family homes” includes detached single-family homes with or without acreage, as classified in the IMLS. These numbers do not include activity for mobile homes, condominiums, townhomes, land, commercial, or multi-family properties (like apartment buildings).

 

59 Minute Meeting Recap: Growth, Outlook, and Plans for the City of Star

59 Minute Meeting Slider

Star is a city in transition with an eye towards the future. Our second quarter 59 Minute Meeting emphasized this point as we were joined by Star City Councilmen David Hershey, Michael Keyes as well as Star City Planner Shawn Nickel.

Star has had an interesting and long history as it was settled in 1863 and incorporated in 1905 with a four-mile buffer in each direction. Early growth and decline were tied to the electric railroad and in 1929 Star was unincorporated due to some issues with highway development and paving disputes. It wasn’t until 1997 that Star was reincorporated as a city and part of Ada County.

Star is unique in that it is not a full-service city. The city does not own the sewer and water department, fire department, police force or street system. They are reliant on agreements and cooperation with other districts, county’s and state entities.

The only impact fees that Star collects is for park development — all other impact fees are passed through other agencies. Even though they are not a full-service city, Star is seeing population growth like other cities in Ada County and is in the process of updating their development code and comprehensive plan.

They have an open space rule of 15% minimum with 10% useable being the new standard for open space rules. There is also a plan to incorporate more compact walkable communities into the development plan. This will include pathways from the river to the foothills and a connection to the greenbelt when areas near the river are more developed.

Due to inconvenient transportation access, the city has been somewhat removed from the population growth experienced elsewhere in Ada County. A major future transportation growth factor for Star is Chinden (US20/26) being widened to five lanes, with the last leg of that project expected to begin construction in 2024, and the future Central Valley Express Way will also play a major role in the growth of Star and because of its central location. Currently, the population of Star sits right around 11,000 but it is projected to grow to over 30,000 people by 2040, which means we could see Star grow faster than other communities in Ada County in the future

Currently, the split between business and personal tax revenue that the city collects is 93% personal and 7% business. The city is working hard to bring in more businesses so people who live in Star don’t have to travel to other parts of the county for work and they can keep that tax revenue local. There are plans in the works for businesses to come to Star with specific details to come later.

There are also plans to turn the river area into a row of development that will include restaurants, living units and other amenities not found in other Idaho cities. Envision a version of the River Walk in San Antonio, but in Star, Idaho. The city’s vision for this plan is very ambitious and forward thinking. If it comes to fruition, they will have one of the most unique mixed-use land areas in the state.

We’re excited to see what the future holds for Star. They have a lot of great ideas on amenities to add to the city over the next decade. They are conscientious about the growth that is anticipated to come their way over the next twenty years.

Code of Ethics Pop Quiz: Advertising Listings

Code of Ethics Pop Quiz 4

Question
You just received your listing photos and they look fantastic! The photographer did a great job with the lighting, angles, and touch-ups and your seller is extremely happy. These photos will really make your listing shine! However, upon closer inspection, you realize that something is not right. In the photo showing the front of the house, there is a beautiful sunset in the sky directly behind the house but you know this isn’t possible because the house faces south. Do you have the photographer correct the mistake or leave it as is?

a.) Have it fixed.

b.) Leave it. Who would notice? It is not an important detail and not worth the delay/cost to change.

c.) Ask the seller what they would like to do; it is their house so they should decide if the photos are acceptable.

 

Answer

If you answered A, then you are correct!

You should never knowingly misrepresent a listing, no matter how small the mistake might seem. While there is nothing wrong with having a photographer make very minor adjustments to an image (such as removing blur or straitening a crooked shot), listing photos should always be a true representation of the property.

 

What does the National Association of REALTORS® Code of Ethics say?
Article 12 states that REALTORS® must always be accurate in their marketing and portrayals of a property. “Realtors® shall be honest and truthful in their real estate communications and shall present a true picture in their advertising, marketing, and other representations.”

Furthermore, standard 12-10 goes on to specifically define what constitutes a misrepresentation of a listing in terms of content, images, and websites:

“Realtors®’ obligation to present a true picture in their advertising and representations to the public includes Internet content, images, and the URLs and domain names they use, and prohibits Realtors® from:

 1)  engaging in deceptive or unauthorized framing of real estate brokerage websites;

 2)  manipulating (e.g., presenting content developed by others) listing and other content in any way that produces a deceptive or misleading result;

3)  deceptively using metatags, keywords or other devices/methods to direct, drive, or divert Internet traffic; or

4)  presenting content developed by others without either attribution or without permission; or

5)  otherwise misleading consumers, including use of misleading images. (Adopted 1/07, Amended 1/18)”

Bottom line – make most of your changes in person and limit what is done to the appearance of the home in photographs.

Additional Resources on Article 12:

REALTOR Magazine: When Does Photoshopping Go Too Far?
REALTOR Magazine: The Worst Offenses in Virtually Staged Photos
REALTOR Magazine: 4 Surefire Tips for Better Listing Photos

 

REALTOR® Golf Tournament Raises Money for Local Non-Profits

Local real estate professionals raised over $31,000 at the 23rd Annual Give-Back Golf Tournament benefiting the REALTORS® Community Foundation, whose mission is to improve the quality of life in the Boise region through housing-related projects and grants. The golf tournament was held June 5, 2019, at Falcon Crest Golf Course with 196 golfers and 51 sponsors participating. As one of the largest annual fundraisers for the REALTORS® Community Foundation, this year’s event was a tremendous success, raising over $7,000 more than in 2018.

Danielle Cullip, 2019 REALTORS® Community Foundation President

Danielle Cullip, 2019 REALTORS® Community Foundation President

“Participation from REALTORS® and other industry leaders was phenomenal this year,” noted Danielle Cullip, 2019 REALTORS® Community Foundation President. “It just shows how committed this industry is to giving back to the community. All of the funds raised by this event will help real people facing housing challenges in our area.”

Since its inception in 1995, the REALTORS® Community Foundation has provided over $1.7 million in grants to qualifying non-profit organizations throughout Ada County, expanding services to Gem County in 2018 and to Elmore County in 2019. Past grant recipients include Boise Fire Fighters Local 149, Boise Rescue Mission, Boise Valley Habitat for Humanity, Charitable Assistance To Community’s Homeless (CATCH), Chrysalis Women’s Transitional Living, Inc., Giraffe Laugh Early Learning Centers, Good Samaritan Home, JANNUS Inc., Jesse Tree, LEAP Charities, Life’s Kitchen, NeighborWorks®, The Salvation Army, Women’s & Children’s Alliance, and the West Ada School District Foundation. The REALTORS® Community Foundation also offers a matching gifts program for member contributions to local non-profits.

Photo Gallery

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Boise Regional REALTORS® (BRR) is a 501(c)(6) trade association, representing real estate professionals throughout the Boise region. Established in 1920, BRR is the largest local REALTOR® association in the state of Idaho, helping members achieve real estate success through ethics, professionalism, and connections. BRR has two wholly-owned subsidiaries, Intermountain MLS (IMLS) and the REALTORS® Community Foundation.

Thank you Sponsors V2-01

May 2019 Market Report

SUPPLY AND DEMAND DYNAMICS CONTINUE TO
DRIVE HOME PRICES UP IN ADA COUNTY

Key Takeaways:

  • The existing home median sales price reached a new high at $329,000, up 14.7% from May 2018. Local home prices are being driven by the persistently low inventory of existing homes compared to demand.
  • Due to the lack of inventory of homes for sale at the lower price points, the share of higher-priced home sales continued to rise, further driving up the median price for the segment, as well as the market overall.
  • The median sales price for Ada County reached a new record of $342,990 in May 2019, for existing and new homes combined. This was up 12.5% over the same month last year.

Analysis:

The median sales price of existing/resale homes in Ada County reached a new high of $329,000 in May 2019, up 14.7% from May 2018. As noted in previous market reports, local home prices are being driven by the persistently low inventory of existing homes compared to demand.

One of the metrics used to determine supply vs. demand is Months Supply of Inventory (or MSI). A balanced market—not favoring buyers or sellers—is typically between 4-6 months of supply. In May 2019, the Months Supply of Inventory metric for Ada County was at just 1.5 months for all price points combined, and for existing homes priced below $300,000 MSI was at one month.

Our market needs additional inventory, especially existing homes below the $300,000 price point. Homeowners may have more equity than ever as home prices have risen, and those who have considered a move should to contact a REALTOR® to understand their options for selling and buying.

Ada County Existing MSI Chart

Because there are fewer homes available at the lower price points, the share of home sales above $300,000 continued to rise – at 61.3% of all existing homes sales in May 2019. As a result, as more existing homes sell at higher price points, it further drives up the median price for the segment, as well as the market overall.

To that point, the median sales price in Ada County, for existing and new homes combined, reached a new record of $342,990 in May 2019, up 12.5% year-over-year.

For those looking to purchase a home in Ada County, don’t lose hope. We’re still at the beginning of the summer selling season so there will be more homes coming online soon. Get your financing in order and work with your REALTOR® to write a competitive offer so that you’re ready when you find your next home.

 

MAY 2019 ELMORE COUNTY HOUSING MARKET UPDATE

As of May 2019, the median sales price for homes in Elmore County reached $168,900; an increase of 11.5% compared to the same time last year and a new record high. Due to the smaller number of transactions that occur in the area, we use a rolling 12-month median sales price to get a better idea of the overall trends.

The number of closed sales in Elmore County also increased to 47 last month — up 67.9% from April, but still down 4.1% from the same month last year.

The Months Supply of Inventory (or MSI) in Elmore County increased to 1.8 months — up 20.0% from the same month last year. However, despite the increase in MSI, there were only 68 homes still on the market in Elmore County at the end of May, down 19.0% from May 2018.

The MSI metric measures the relationship between pending sales (which measures buyer demand) and inventory (which measures supply). A balanced market— not favoring buyers or sellers — is typically when MSI is between 4-6 months of supply. MSI below four months is usually more favorable to sellers, while MSI above six months is usually more favorable to buyers.

The increase in median home price and closed sales is encouraging news for those looking to sell their home in Elmore County. Work with your REALTOR® to take advantage of the current market and get the most out of your current property. And for those looking to buy a home, keep an eye out! Conditions like this could lead to more homes becoming available in your market.

 

MAY 2019 GEM COUNTY HOUSING MARKET UPDATE

As of May 2019, the median sales price for Gem County was at $213,750, an increase of 11.1% over the same period last year. We use a rolling 12-month median sales price to get a better idea of the overall trends due to the smaller number of transactions that occur in the area.

There were 38 homes sales in May, up 15.2% from May 2018, and up 40.7% from last month. This left 51 homes available for sale at the end of the month, down 12.1% from a year ago.

Pending sales (or homes under contract) measures buyer demand, while inventory (or homes for sale) measures supply. The relationship between these two metrics is reported as Months Supply of Inventory (or MSI), which was at 1.4 months in May 2019.

A balanced market — not favoring buyers or sellers — is typically when MSI is between 4-6 months of supply. MSI below four months is usually more favorable to sellers, while MSI above six months is usually more favorable to buyers.

Gem County has had persistently low existing/resale inventory for the last several years, resulting in buyer demand outpacing supply, as shown through the low MSI calculation. This, in turn, has caused home prices to rise in Gem County.

Prices will most likely continue to grow and homes will continue to sell quickly, making this market more competitive. Working with a REALTOR® is the best way to find a home you like and gives you your best chance at securing it in markets like this.

 

RESOURCES:

Additional information about trends within the Boise Region, by price point, by existing and new construction, and by neighborhood, are now available here: Ada CountyElmore CountyGem County, and City Data Market Reports. Each includes an explanation of the metrics and notes on data sources and methodology.

ADA Snapshot - May 19Canyon County Members Only

Elmore Snapshot - May 19Gem Snapshot - May 19

Download the latest (print quality) market snapshot graphics for Ada CountyAda County Existing/ResaleAda County New ConstructionElmore County and Gem County. Since Canyon County is not part of BRR’s jurisdiction, we do report on Canyon County market trends. Members can access Canyon County snapshots and reports in the Market Report email, or reach out to us directly at cassie@boirealtors.com or annie@boirealtors.com.

# # #

This report is provided by Boise Regional REALTORS® (BRR), a 501(c)(6) trade association, representing real estate professionals throughout the Boise region. Established in 1920, BRR is the largest local REALTOR® association in the state of Idaho, helping members achieve real estate success through ethics, professionalism, and connections. BRR has two wholly-owned subsidiaries, Intermountain MLS (IMLS) and the REALTORS® Community Foundation.

If you have questions about this report, please contact Cassie Zimmerman, Director of Communications for Boise Regional REALTORS®. If you are a consumer, please contact a REALTOR® to get the most current and accurate information specific to your situation.

The data reported is based primarily on the public statistics provided by the IMLS. These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. These statistics are not intended to represent the total number of properties sold in the counties or cities during the specified time period. The IMLS and BRR provide these statistics for purposes of general market analysis but make no representations as to past or future performance. The term “single-family homes” includes detached single-family homes with or without acreage, as classified in the IMLS. These numbers do not include activity for mobile homes, condominiums, townhomes, land, commercial, or multi-family properties (like apartment buildings).

 

Hubble Homes New Design Showroom

This post contains sponsored content and affiliate links.

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Hubble Homes is excited to announce the opening of our new Design Showroom.  Located centrally in Meridian off of Eagle Road and I-84, the Design Showroom is open some evenings and Saturdays too.   Help your Buyers build the new home they have always wanted at one of our Treasure Valley Communities! Bring them out to our new Design Showroom soon and help them discover stunning options and upgrades to personalize their new home.  No appointment necessary, browsing is encouraged.  We are looking forward to helping them personalize their Dream Home!

Hubble Home's new design showroom

Hubble Homes Design Showroom
701 S. Allen St. #102
Meridian, ID 83642
(208) 695-2023


Hours:

Monday, Friday & Saturday: 9 am to 6 pm
Tuesday, Wednesday & Thursday: 10 am to 7 pm
Closed on Sunday

To learn more or schedule a tour visit one of our Model Home Sales Centers & New Home Specialists at:

  • North Ada Sales Team @ White’s Acres Model Home: 86 W. Yosemite St. Meridian, ID 83646
  • South Ada Sales Team @ Southern Ridge Model Home: 3664 E. Warm Creek Ave Nampa, ID 83686
  • North Canyon Sales Team @ Windsor Creek East Model Home: 12609 Trinidad Street Caldwell, ID 83607
  • South Canyon Sales Team @ Eagle Stream Model Home: 15461 N. Bonelli Ave Nampa, ID 83651

Model Home Sales Centers Open: Monday – Saturday, Noon to 6 pm; Sunday, 1 pm to 4 pm

Visit www. hubblehomes.com/communities to learn more.

Our newest model home opens in Southern Ridge on Friday, June 14th.  Southern Ridge is located just east of Southside Boulevard and Locust Lane.

How to Appeal your Property Tax Assessment

NOTE: All property tax appeals must be submitted to the County Board of Equalizers no later than the fourth Monday in June — this year, the deadline is Monday, June 24, 2019.

It is that time of year when homeowners receive an assessment notice from the county which determines the amount owned through property taxes. If you disagree with the assessed value noted, there is a process for appeals. Here’s a step-by-step guide on what to do:

1.) Determine if the information about your home is correct

The first step in an appeals process is to determine if the information about your home on the assessment is correct. Did they get the number of bedrooms and bathrooms right? What about the size of the lot? Documenting characteristics that you can prove are incorrect will make your appeal stronger.

To locate the characteristics of your property according to the county assessor, visit your county’s online parcel search tool — Ada County, Elmore County, and Gem County.

2.) Work with a REALTOR® to find comparable properties

The next step in the appeals process is to find comparable properties. We suggest working with a REALTOR®, as they can help you identify homes that are similar in size and amenities. Once you have a few properties in mind, look them up on the County’s website to see their assessed value. If there is a significant difference, you can use this information as part of your appeal.

Keep in mind, if the homes identified are currently for sale or have recently sold, those prices are considered the market values, which could differ from the assessed values used to determine property tax. More on those differences here.

3.) Contact your appraiser

Once you have the information you need to make your case, call or email your appraiser, whose information should be on your assessment notice. This will put you in contact with the person who assessed your home allowing you to share your research with them directly.

4.) File an appeal with the County Board of Equalization

If you are still unsatisfied with your assessment after speaking with the appraiser, you can file a formal appeal with the County Board of Equalization. This group will determine if your complaint is valid and make the necessary changes to your assessment if deemed appropriate.

All property tax appeals must be submitted to the County Board of Equalizers no later than the fourth Monday in June — this year, the deadline is Monday, June 24, 2019.

For more information on how to file your appeal, please review the steps on the back of your assessment notice, or, visit the County Assessors’ websites and others for more information:

Code of Ethics Pop Quiz: Availability of Listings

Code of Ethics Pop Quiz 3

Question
Your buyer calls to ask you for access to a home they recently bought, to measure the windows for blinds. Although you haven’t officially closed on the property, the deal is in progress. You know the property is vacant and you happen to be nearby so you could stop by to let them in.  Do you:

a.) Give them access to the home, staying with them the entire time.

b.) Offer to give them access but leave early to make your next showing, telling them to lock up when they are done.

c.) Tell them they cannot enter the property unless we first get permission from the listing agent or seller.


Answer

If you answered C, you are correct!

As a REALTORS®, you are responsible for anyone you allow into a property, and you should never allow access without the seller’s consent — even if you’re under contract. In this instance, since you have not yet closed on this property, the home is still considered to be listed, which further prevents you from providing access to the property outside of the agreement you made with the seller through their listing agent.


What does the National Association of REALTORS® Code of Ethics say?
Standard of Practice 3-9 states that you may not provide or promote access to a property outside of the agreement you have with the owner or listing agent:

“REALTORS® shall not provide access to listed property on terms other than those established by the owner or the listing broker.”


Resources for Duty to Clients and Customers

NAR Code of Ethics

Pathways to Professionalism – Respect for Property

Code of Ethics Article 3 [Start at 6:26]

Pathways to Professionalism – Respect for Property

There is an app for that – Seven Apps for REALTOR® Safety

The nature of the real estate profession requires awareness and preparedness when it comes to safety. A REALTOR®, when meeting new clients, showing properties, or sharing information online, may find himself or herself in unsafe situations. Luckily, there are a variety of tools available through a smartphone that can enhance safety practices. Adding one or more of these applications can help REALTORS® be prepared to handle unforeseen safety issues.

 Please note: These apps noted are provided for reference only and BRR does not endorse or warrant any specific service. Please do your own research before installing or purchasing any app.

 

Forewarn
Price: Free / Must have an active Forwarn Account to use the app
Rating: 2.7 out of 5 stars

Forewarn helps real estate agents have safer engagements and smarter interactions with new clients. Input a client’s name or phone number and get background information before your next meeting. Forewarn can positively verify over 80% of prospects, including their criminal and financial background information. With Forewarn, you can safely plan for in-person interactions with a higher level of confidence.

 

SilentBeacon
Price: Free / Premium features available for $1.99 a month
Rating: 3.7 out of 5 stars

The Silent Beacon apps allows you to contact emergency personnel or loved-ones when you find yourself in a dangerous situation. This app will send distress text messages, track your location, and call emergency services if you activate the distress beacon. SilentBeacon’s subscription plan allows you to customize your emergency text message content and have access to a live tracking view.

 

BSafe
Price: Free
Rating: 3.7 out of 5 stars

BSafe provides agents with a live tracking feature, a distress button, and a live streaming option where you can share a video of your situation with your contacts. You can even activate the included alarm using your voice, eliminating the need to have physical access to your device. As an added bonus, this app can send you fake phone calls to get you out of uncomfortable situations.

 

SafeTrek
Price: Free / Additional features available for purchase
Rating: 4.7 out of 5

The design of this app allows you to discreetly activate the program in your pocket. When concerned, simply open the app and hold down the button that appears. Once you feel safe, release the button and input your 4-digit pin, deactivating the alarm. In serious danger? Release the button but don’t enter your pin and your location will be sent to local authorities. Premium features include automatic crash response, plug-in connections for smartwatches and Lyft accounts, and voice alarm activation.

 

SafeShowings
Price: $9 monthly subscription / Enterprise plan available for Brokerages
Rating: N/A

SafeShowings is a tool for REALTORS® to add an extra element of safety to your showings. When conducting a listing, input the location, date, and time into the program. Then, using the app, capture an image of each visitor’s driver’s license as they enter the home. This information is stored under your listing in case you have concerns down the road or, if you do not press the end showing button after an allotted amount of time, your emergency contacts and authorities are alerted and sent the images you have captured. This app is only available online and is not available through the app store.

 

React Mobile
Price: Free / Optional panic button for purchase at www.reactmobile.com
Rating: 3.6 out of 5

Similar to other apps on this list, this program allows you to send an alert to an unlimited number of contacts telling them you need help. React Mobile has three modes that are specialized for different safety situations: I’m Fine, Follow me, and Help me. Follow me begins a live tracking feature that sends your selected contacts regular updates on your location until to return to the “I’m Fine” mode. If you are in serious danger, switch to the Help Me mode (or press your panic button) to send out an emergency text message, an email to your contacts and authorities, and a post alert to Facebook. This app is best used with the React Sidekick panic button.

 

Kleard Pro
Price: Free / $19.99 a month depending on the plan purchased
Rating: 4.4 out of 5

This app allows you to sign visitors into your open houses, capturing their contact information and giving you the opportunity to run it through a verification process within the app. This program also works well for showings, allowing the REALTORS® to capture the buyer’s information through a verification process. As part of this process, the buyer will give you a verification code to enter, which allows Kleard to track the buyer’s phone until you end the showing. If something were to happen during a showing, this feature would allow the police to track the perpetrator’s phone and location. You also have the ability to use the information you capture during a showing or open house to send follow-up content to leads. Learn more at www.kleard.com.

 

Remember, these apps are only one tool to keep REALTORS® safe during real estate transactions. Keeping the phone charged and maintaining a strong signal when meeting someone new is also important. For additional ways to stay safe on the job, visit nar.realtor/safety for additional tools and resources.