Mountain West Bank Open House Mix & Mingle

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Join Mountain West Bank for their Open House on April 23rd!

Join Mountain West Bank for their Open House Mix & Mingle on April 23, 2019, at the Meridian Financial Center! Come enjoy good company, good food & drink, and the opportunity to network with your peers & the Mountain West Bank Mortgage team.

RSVP to Lisa Garrison or Conor McGrath.

Code of Ethics Pop Quiz: Duties to Clients and Customers

Ethics pop quiz 2

Question
A friend asks for your help selling his family farm, stating he would like to work with someone he knows. You have never sold a property like this before, but you want to be there for your friend. Do you:

a.) Proceed with helping him sell the farm, researching best practices along the way.

b.) State that you don’t have the knowledge to help him sell that kind of property, but you will connect him with someone else who is experienced in that area.

c.) Tell your friend you can help, but that you need to bring in another REALTOR® who has more experience with these types of properties.


Answer

If you answered B, then you are correct!

The BEST thing you could do in this situation is to connect your friend with another REALTOR® who has knowledge of the area and type of home or property being sold. (Plus, it’s a great opportunity for a referral!) Although option C may be acceptable, it would be best to avoid any conflicts of interest and excuse yourself from the situation, especially since it’s outside your area of expertise. If you decide to work with another REALTOR®, be aware of your own biases and be sure to promote an equal working relationship between your client, yourself, and the other REALTOR® involved.


What does the National Association of REALTORS® Code of Ethics say?
Article 11 states that REALTORS® shall not take on a listing that is outside their realm of understanding. You can take on listings outside of your scope only if you employ the help of someone more knowledgeable about the listing in question:

“REALTORS® shall not undertake to provide specialized professional services concerning a type of property or service that is outside their field of competence unless they engage the assistance of one who is competent on such types of property or service, or unless the facts are fully disclosed to the client. Any persons engaged to provide such assistance shall be so identified to the client and their contribution to the assignment should be set forth.”

Article 1 of the Code of Ethics also states that REALTORS® must act in the best interest of their clients and treat all other parties honestly. In this case, it is in the best interest of your client, and friend, to help them find an expert in this area. It is also important to inform any other party you bring on or decide to work with of your relationship with the client so they fully understand the situation before they agree to help:

“When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve REALTORS® of their obligation to treat all parties honestly. When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, REALTORS® remain obligated to treat all parties honestly.”


Resources for Duty to Clients and Customers

NAR Code of Ethics

Code of Ethics Article 1

Code of Ethics Article 11

REALTORS® Endorse Meridian Library District’s Plant Levy

Boise Regional REALTORS® (BRR) is proud to endorse and support the Meridian Library District’s Plant Facilities Levy. If approved, the levy will fund the building of two new branches (one in North Meridian at the Linder Village Complex and one in South Meridian at the Hill Complex), pay for the renovation of the Cherry Lane location, and a renovation of the downtown building for the unBound technology branch.

“This levy is a great value as it expands library opportunities for all residents and increases the library’s footprint in underserved areas of Meridian,” said Phil Mount, 2019 BRR President and REALTOR® with Front Street Brokers. “We’re happy to support the Meridian Library District’s goal to expand education and learning opportunities for residents of all ages.”

Learn more about the plan and ballot measure at mld.org/2019levy.

BRR’s Public Policy Committee, made up of volunteer REALTORS®, carefully vets and considers all housing, private property rights, education, transportation, and other public policy matters and issues in Ada, Elmore, and Gem Counties. From there, the Committee provides recommendations for endorsements which are further reviewed and approved by BRR’s Board of Directors. For questions regarding this endorsement or the endorsement process, contact Soren Dorius, BRR’s Director of Government Affairs, at 208-947-7237 or soren@boirealtors.com.

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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.

23rd Annual Give Back Golf Tournament and Online Auction

23rd Annual Give Back Golf Tournament— June 5, 2019 at Falcon Crest Golf Course

2019 Golf Website Graphic

REGISTER YOUR TEAM HERE

Looking to sponsor at the golf tournament? Check out our Sponsorship Opportunities page for details.

Golf Tournament Flyer


The 2019 RCF Online Auction opens May 21st! 

2019 Online Auction

The RCF’s 2019 Online Auction starts May 21st and runs through June 11th.

Donations for the auction are now being accepted. Please fill out the donation receipt form and drop off the completed form and item to Marind Amano at the BRR office before May 15th.

Donation Receipt Form


Thank you to our 2019 Golf Tournament Sponsors!

Thank you to our 2019 Golf Tournament Sponsors

Mountain America’s Limited Time Offer

This post contains sponsored content and affiliate links.

MACU Sponsored Content 2019 

For a limited time, Mountain America Credit Union is pleased to offer a free appraisal, plus $500 cash back on new purchases. This offer is valid on a variety of loan options — from first-time homebuyer and FHA to conventional and jumbo loans. They even offer a paperless mortgage process! See their website for full details –  https://www.macu.com/mortgage-promo.

59 Minute Meeting Recap: Is Affordable Housing Becoming a Crisis in the Boise Metro?

3.12.19 59 Min Meeting ImageThank you to everyone who attended our first 59 Minute Meeting of 2019, which posed the question, “Is affordable housing becoming a crisis in the Boise Metro?” Our panelists included Wyatt Schroeder, Director of Community Partnerships for the City of Boise; Vanessa Fry, Research Director at the Boise State University’s Idaho Policy Institute; and Margaret Carmel, journalist at the Idaho Press.

Wyatt Schroeder began the conversation by asking the group for input on the purpose and definition of a home. As the former Executive Director of CATCH Inc., an organization that assists the needs of the homeless population in Boise, he brought a unique and important perspective on the importance of having a home. He walked through basic definitions of what affordability looks like by using its practical definition (at or below 30% of one’s income is deemed affordable).

This year, the City of Boise is rolling out a program called Grow Our Housing, which has several components to increase the housing supply in the city and stabilize pricing. The first proposal of this plan is to ease the restrictions on Accessory Dwelling Units so homeowners can easily add another unit on their property, thus creating new housing inventory options (which was endorsed by BRR as an important and necessary change to help address housing inventory). The other policy proposals for Grow Our Housing haven’t been officially released yet but they will include a housing land trust, housing incentive packages to get builders to include affordable units in their plans and zoning changes. Wyatt also announced that he will be facilitating discussion groups around the city to get more feedback on these and other possible proposals to add more affordable housing.

Vanessa Fry from Boise State University followed up with a deeper analysis on housing options in the region. As an expert in this field of study, she emphasized the importance of making data-driven decisions that will benefit the community. She highlighted how our current zoning designations are impacting cities, and how other options might be necessary and worth exploring while encouraging discussion on reviewing current zoning designations and identifying ways to be more efficient and forward thinking. Vanessa also spoke about the need for a housing needs assessment tool to help Boise and other cities future proof their strategies for affordable housing.

Margaret Carmel discussed a story she recently wrote that compares the different steps that Minneapolis and Boise have taken to address affordable housing. Minneapolis has unique and different resources that impact how they approach affordability, and has created a housing land trust with a program that pumps $40 million into support for renters and will soon require developers to include affordable units. They also have eliminated single family zoning within the city which they believe will encourage denser and more affordable housing.

Boise is proposing different measures to address the same growing issue of affordability and housing supply. It will be interesting to see how the two cities compare as both strategies progress over the coming years.

For those that were able to join us, thank you for attending our first 59 Minute Meeting of 2019! We have many exciting and important topics planned for the rest of the year, so keep your eye out for details on our next meeting!

Code of Ethics Pop Quiz: Duties to Other REALTORS®

Code of Ethics Pop Quiz - Duties to Others

 

Question
You attend an event and meet a couple that would like to sell their home. They are very friendly and you start talking about helping them sell their property. You find out that they are already working with another REALTOR® under an exclusive contract. Do you:

a.) Proceed with helping them sell their house and help them get out of their contract with the other agent

b.) Tell them you can’t help them but suggest they switch to a better agent with more credentials

c.) Wish them the best of luck with their current agent and tell them you might be able to help them when their current contract ends


Answer

If you answered C, then you are correct!

The best thing you could do in this situation is to reinforce the contract these buyers already have with the other REALTOR®. Although we have a duty to our clients, we need to support other REALTORS® by respecting their contracts and efforts. You should not ever disparage another REALTOR® to a client or potential client and you should not encourage clients to break contracts with other REALTORS®.


What does the Code of Ethics Say?
The REALTOR® Code of Ethics states that REALTORS® have a duty not only to their clients but also to other involved parties. It is important to treat each group fairly and with respect. (Article 1)

Our code of ethics also states that REALTORS® not interfere with exclusive representation agreements of other brokerages and shall not knowingly make false or misleading statements about other REALTORS®, their business practices, or their brokerages. (Article 15, and Article 16) However, you can offer to take on a listing once the exclusive listing contract expires or if you are offering a real estate service that is unrelated to the service outlined in the exclusivity contract. (Articles 16-3 and 16-4)


Resources for Duty to REALTORS®

NAR Code of Ethics

Code of Ethics Articles 14 & 15 [Start at 6:30]

Code of Ethics Article 16, PT 1

Code of Ethics Article 16, PT 2


Golden Rules for Being a Good Peer Graphic

Golden Rules for Duties to Other REALTORS

BRR’s Professionalism Award

Professionalism Award Flyer

If you know of someone who you would like to recognize, nominate them today!

NOMINATION FORM

 

CRS 201: Listing Strategies for the Residential Specialist

Monday, March 18 | 8:30 AM – 5:00 PM | 15.5 CE | Instructor – Rich Sands
$300 Members / $350 Non-Members

Looking for a fun and educational CRS elective? Then look no further than CRS 201! This course takes participants through an actual listing presentation that helps them understand the key steps in the listing process and helps them create a system for success.

When selling a home, the quality of an individual’s listing skills can give him or her a strong competitive edge. Only those professionals who learn proven listing strategies will win over the client and increase their conversion rate. CRS 201 will provide students with the skills necessary to conduct successful listing presentations, price a home to sell, close a transaction, and market themselves and their homes effectively.
After completing this course, learners will be able to:

  • Understand sellers’ needs and motivations
  • Provide seller guidance and counseling
  • Utilize a marketing plan
  • Provide a servicing system
  • Conduct an effective listing presentation
  • Handle seller resistance, concerns, complaints, and objections
  • Close effectively
  • Communicate effectively and consistently with sellers to provide the best service possible
  • Adapt marketing principles to your listings

Check out this video to learn more about this fantastic course.

REGISTER NOW!

2019 Pantry Supply Drive

BRR’s REALTOR® Outreach Committee (ROC) needs your help to fill the supply closets of schools and food banks around our community.  ROC’s Pantry Supply Drive helps families in need get essential household and hygiene products. They are specifically collecting the following items:

  • Diapers (all sizes)    Pantry Supply Drive Flyer
  • Wipes
  • Toiletries (toothpaste, toothbrushes, shampoo, soap, etc.)
  • Feminine hygiene products
  • Household cleaning supplies
  • Laundry detergent and dryer sheets
  • Toilet paper
  • Paper towels
  • Facial tissue
  • Cotton swabs
  • Garbage bags
  • Gift cards (Wal-Mart, Target, WinCo, Fred Meyer, Payless, etc.)
  • Gas cards
  • Cash donations or checks made out to the BRR Foundation

You can drop off your donations at the BRR office or other real estate-related offices in Ada County, Elmore County, and Gem County. The Pantry Drive is running from February 13 – March 11.

If you would like to host a donation box at your office, please contact ROC Chair Scott Taylor or ROC Co-Chair Shannan Berry. If you would like to volunteer for ROC events, visit their page on the BRR Website under the Foundation drop-down menu.

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The REALTOR® Outreach Committee (ROC) is the fundraising and community service arm of the REALTORS® Community Foundation. This committee raises funds for the Foundation’s annual grant cycle through activities like the online auction and the Give Back Golf Tournament. Additionally, the committee coordinates community outreach projects, such as Paint the Town, Habitat for Humanity, the Boys & Girls Club, and Rake up Boise.