NAR Conference Report — November 2017

Experiences and highlights from the REALTORS® Conference & Expo in Chicago ranged from BRR President Katrina Wehr graduating from NAR’s Leadership Academy, to BRR Director of Government Affairs Soren Dorius presenting to two national committees, not to mention NAR Director Carey Farmer being recognized as Idaho REALTOR® of the year, committee work, roundtables, educational sessions, and the NAR board meeting. BRR attendees had much to share and even more to bring back to our association.

Notes, session takeaways, and ideas from BRR attendees:

NAR Director Carey Farmer

  • Encourage your clients to register with realtor, a platform for current and prospective homeowners to voice their opinion on NAR policy issues, similar to the REALTOR® Action Center for NAR members.
  • Speaking of the REALTOR® Action Center, please encourage five colleagues to text “Realtor” or “Action” to 30466, to download the app and respond to the current (and future!) calls for action quickly and easily.
  • Save the date for upcoming NAR Conferences… 2018 Legislative Meetings & Expo — May 14-19 in Washington, D.C., and 2018 REALTORS® Conference — November 2-5 in Boston!

 BRR President Katrina Wehr

  • Leadership Academy — I was pleased to participate in the 2017 NARLA class, and a great opportunity to learn about the inner workings of NAR and build lasting relationships with my classmates. I’m sure I’ll gain personal and professional benefits from that for years to come! Kit Fitzgerald is the chair in 2018 and it will be the first year of their partnership with REALTOR® University. Applications for 2018 are now closed but here’s the link if you’re interested in the future: realtor/programs/leadership-academy.
  • The Hub — For those serving on NAR committees, communication will now run through “The Hub.” From their website: “It’s a private, secure location where committee members can network and collaborate with each other year-round and have anytime access to those discussions via a computer or mobile device.”

BRR President-Elect Gary Salisbury

  • Large Board Forum — Two major topics were “coming soon” rules and professionalism. On the first topic, many boards were unsure how to approach the coming soon issue and look to MLSs like ours as an example, but may encourage NAR to create guidance or policy for consistency. Regarding professionalism, the consensus was that it’s the broker or team leader’s responsibility.
  • Charitable Foundation Idea Exchange — There were some productive discussions around the purpose of foundations, grant applications, fundraising, events and ideas for communicating the value year-round.
  • On a personal note, a very stirring moment for me was when, James Cornelison, who sings for the Chicago Blackhawks hockey team lead us in the Star-Spangled Banner at the general session. Very powerful!

BRR Vice President Phil Mount

  • The roundtable discussions I attended noted a lot of problems similar sized associations have that simply are not issues for us. Lots of associations are in highly competitive markets and can’t do much to improve services and are having trouble with CORE standards, or are dealing with mergers of equally sized boards.
  • Professional standards is of concern to most everyone. One association now has a two day long new agent orientation!  (Content includes ethics and mandated classes.)  Some associations have fairly hefty fines and onerous reviews of even relatively minor infractions.  And in Ontario, Canada the process for getting licensed takes 6 months and lots of money, including a $2,000 member initiation fee to join the association. (As a result, they have far fewer licensed agents.)
  • I was surprised to see some local associations have a Leadership Academy for their Board members and committee Chairs & Vice Chairs. One is 13 weeks long, meeting every other week and includes media training from a local TV Anchor, and with Fire Departments, Police Departments and City council & highway district meetings. (Similar to the Leadership Boise program.) I think we could leverage some of this without a formal structure.
  • Advocacy will become a growing part of NAR, with proposed dues increases to fund expanded grants and initiatives. So great to see BRR as a model for how that gets done, and recognized for our efforts.
  • After listening to Lawrence Yun, I am cautiously optimistic about the next year. The outcome of the tax bill will certainly have an impact, but household formation is increasing and population is growing. Demand is there, we just need to ensure affordability is maintained. This is where advocacy becomes such an essential part of what we do going forward.

BRR Chief Executive Officer Breanna Vanstrom

  • Eight (8) BRR members were approved for NAR Emeritus status, recognizing 40 years of continuous membership! Those members will be announced and recognized in early 2018.
  • As a member of the Membership Policy and Board Jurisdiction Committee, we recommended that the Board approve a change in the bylaws approval process to a compliance certification process. (The Board did approve this for 2018.) This process will also reduce the number of required items that each association must adopt, so BRR’s Bylaws Committee will review that next year. Some of the elements that have been adopted may be moved to a new policy manual.
  • As a member of the Association Executive Young Professionals Network Advisory Board (AE YPN), we discussed career development resources to share with other AEs, especially those that cannot attend national meetings. We also discussed partnerships with the American Society of Association Executives (ASAE) and the Society for Human Resource Management (SHRM). I will serve as Vice Chair in 2018.
  • As Vice Chair of the Staff Specialist Job Description Work Group, we compiled sample job descriptions to help local and state associations identify responsibilities for nearly 32 positions. These will be uploaded to the REALTOR® Association Resource Exchange (RARE) for AEs to access.

 BRR Director of Events and Community Engagement Shari Fernandez

COMMUNICATIONS

  • From the Consumer Committee: The NAR AdCenter is up and running – members can access the information directly. We will be adding AdCenter to our Content Corner as a resource to members for use in their social media and marketing. We will also work to add some information about how to access the content and highlighting it as a resource.
  • Communication Directors Networking Session is a great resource for staff! Some tips and tools taken away from the meeting include: animation tools, Instagram campaigns, CFA tips, and Fair Housing tools.

FOUNDATION

  • The Minneapolis Association is working to see if they can get a charitable giving module added to RAMCO to be able to track donors and giving. As a RAMCO user we would benefit from this as well.
  • As we grow the Foundation, we need to develop a gift acceptance policy – other foundations have received land donations and other non-monetary items.
  • We can better utilize Idaho Gives Day (May) and our Foundation Engagement Month (Aug or Sep) to increase awareness of matching gifts and volunteer service.

BRR Director of Government Affairs Soren Dorius

  • My first takeaway is the impact we can have on fellow REALTOR® associations (and impact they can have on us) through sharing experiences and collaborating on successful ideas and events. Being asked to present in front of the Smart Growth Advisory Committee, as well as the Issues Mobilization Support Committee, was an incredible opportunity to highlight the great things we are doing at BRR. I was able to share our unique approach to advocacy through the use of REALTOR® Party grants, as well as explain our overall philosophy of putting our money where our mouth is and investing into our communities. This message resonated with fellow REALTORS® from boards all over the country, and allowed us to make an impact. Likewise, I learned a lot about other cool projects other associations have conducted.
  • “The Future of the REALTOR® Party” presidential advisory group (PAG) announced their recommendation for NAR to spend an additional $25 per NAR member per year, that will go directly into strengthening REALTOR® Party tools and resources. If NAR doesn’t find the funds elsewhere, they could look to an increase in membership dues. This is all just a recommendation for now, and the number changes may still occur. They have just asked that we start the conversation about doing this, since there is such a high (and fast growing) demand for REALTOR® Party grants throughout the country. As your GAD, I have found tremendous value in the use of these grants, having received over $76,000 in 2017 alone. I am very intrigued by the idea of strengthening these tools, and look forward to seeing more details in the coming months.

BRR Director of Education Angela Gibson

  • Great ideas from panel discussions to include in BRR professionalism segments and/or panels for new(er) members — How to show a house/open house; Tips for working with Affiliates, Agents, and Clients; Better explain the difference between a Licensed Agent and a REALTOR®; and, How to proper fill out Contracts and Forms.
  • Ways for improved broker engagement or to add to weekly Broker Bulletins — (a) Required training that each Broker must take once every two years that follows NAR bi-annual ethics requirement; (b) Brokers will spend the day at BRR for free or very low cost. The day will start with association update, followed by Ethics course a break for lunch. After lunch there is a broker class, either from NAR or one already approved for CE; and, (c) Roundtables about, What can BRR do for you? Your brokerage? Your new members? Trends/issues you’re dealing with? (Similar to the IR Broker Summits, or maybe in collaboration with them.)

Looking for more information? Below are conference resources provided by NAR for reference and/or download:

Wondering what’s been happening with the National Association of REALTORS® in 2017? This video provides a short overview.

 

Is it a Seller’s Market for Everyone? A Tale of Two Homes in Ada County

A recent USA Today article discusses how high demand and low supply have made it a seller’s market,  especially for lower-priced homes. However, “that does not mean every house will sell or sell quickly.”

Sellers can still overprice in a competitive housing market if they don’t work with a REALTOR® to provide them with the most current and accurate data specific to their home.

The Boise Region is certainly experiencing that high demand, low supply dynamic; however, there is a segment of the market that is quite balanced and potentially susceptible to overpricing.

To get a local look at this national trend, we analyzed Ada County data from September 2017 — percent of original list price received, supply of inventory, and days on market — for existing homes priced below $250,000 and above $700,000.

In Ada County, the percent of the original list price received at closing was 97.9%, on average for existing homes across all price points. This means that sellers reduced their price after listing or through negotiations with a buyer by about 2%.

A Tale of Two Ada County Homes

Taking a closer look at different price points, though, we see that existing homes listed at or above $700,000 received 90.3% to 94.8% of their original list price in September 2017. Compare that to existing homes listed at or below $250,000, which received 99.0% of their original list price, on average.

This makes sense when looking at supply by price point. As of September 2017, existing homes listed at or below $250,000 only had 0.6 months of supply, meaning buyers have to compete for homes with strong offers and are limited on what they can negotiate on, in most cases.

Compare that to existing homes listed at or above $700,000 or more, where there was at least 5.6 months of supply in September 2017, reflecting a more balanced market. As indicated by the percent of original list price received numbers, because buyers have more to choose from at this price point, they also have more room to negotiate on price.

The article notes that, “If a listing is overpriced and sits on the market for too long, it gets stale. Potential buyers will see the time on market and click past your listing, often without even looking at it.”

In Ada County, the average number of days between when an existing home was listed and went under contract — referred to as “days on market” — was at 25 days in September 2017, down 5 days from September 2016.

But again, looking at the top and bottom price points as of September 2017, existing homes listed at or above $700,000 spent an average of 60 days or more on the market, compared to just 14 days, on average, for homes listed at or below $250,000.

“Every market, city, neighborhood, and home will be different, even within the price points cited,” said Katrina Wehr, 2017 President of Boise Regional REALTORS® and Associate Broker with Keller Williams Realty Boise. “Which is why we always recommend home buyers and sellers work with a REALTOR® to get the most current and accurate information specific to their situation.”

 

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This report is provided Boise Regional REALTORS® (BRR), which is the largest local REALTOR® association in Idaho, with over 4,300 members and two wholly-owned subsidiaries — the Intermountain Multiple Listing Service, Inc. (IMLS) and the Boise Regional REALTORS® Foundation. This information is based on data from IMLS as of October 31, 2017, for existing, single-family homes sold in September 2017 as reported to IMLS. 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, multi-family properties (like apartment buildings), or new construction single-family homes. IMLS data is 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. If you are a consumer, please contact a REALTOR® to get the most current and accurate information specific to your situation.

Boise Regional REALTORS® Members Selected for National Association of REALTORS® 2018 Committees

Congrats_NAR_Committees_2018

National Association of REALTORS® (NAR) 2018 committee appointments were announced last week and Boise Regional REALTORS® (BRR) will be well represented.

The eight BRR members appointed to national committees include:

  • Michelle Bailey, Keller Williams Realty Boise — Member of the Multiple Listing Issues and Polices Committee
  • Julie DeLorenzo, Keller Williams Realty Boise — Member of the Credentials and Campaign Rules Committee and Vice Chair of the Public Policy Coordinating Committee
  • Carey Farmer, Group One Sotheby’s International Realty — Member of the Membership Policy and Board Jurisdiction Committee
  • Kit Fitzgerald, Equity Northwest Real Estate — Chair of the Leadership Academy Advisory Group
  • Gail Hartnett, Keller Williams Realty Boise — Member of the REALTOR® Party Member Involvement Committee
  • Georgia Meacham, Georgia Meacham & Company — Chair of the Smart Growth Advisory Board
  • Susan Weaver, Group One Sotheby’s International Realty — Member of the Professional Standards Committee
  • Katrina Wehr, Keller Williams Realty Boise — Member of the Risk Management Issues Committee

BRR members Gail Hartnett of Keller Williams Realty Boise, and Carey Farmer of Group One Sotheby’s International Realty and Gail Hartnett of Keller Williams Realty Boise will serve as Directors on NAR’s Board.

“BRR is fortunate to have a wealth of talented and experienced REALTORS® who are able to serve on committees with our national association,” said BRR’s Chief Executive Officer, Breanna Vanstrom. “They will be a part of important decision-making processes that will benefit REALTORS® nationwide, while also bringing back new ideas to better serve their clients and our local association.”

Vanstrom was also appointed to a national committee and will serve as the Vice Chair of NAR’s 2018 Association Executive Young Professionals Network Advisory Board. Soren Dorius, BRR’s Director of Government Affairs, was appointed to the State and Local Issues Mobilization Support Committee.

Boise Regional REALTORS® Paint the Town Team Wins Award

The Lysi Bishop Real Estate and Keller Williams Realty Boise BRR Paint the Town team was recognized by NeighborWorks® with the 2017 “Best Paint Job” award for their outstanding work painting a home on Boise’s Bench this spring.

Best Paint Job 2017-1 web

Katrina Wehr, 2017 BRR President, Keller Williams Realty Boise; Chris Hansen, Lysi Bishop Real Estate; Brandi Holaday, Keller Williams Realty Boise; Liz Warner, Lysi Bishop Real Estate; John Van Der Giessen, Lysi Bishop Real Estate.

Best Paint Job 2017-2 - web

 

House 1 before after

A look at the house with the “best paint job,” before and after.

Ada and Canyon County Housing Inventory Down for 34 Consecutive Months

At Boise Regional REALTORS® (BRR), we feel like we’ve been talking about low inventory for months… and for good reason.

A few weeks ago, Zillow’s Chief Economist Svenja Gudell posted on Twitter: “Inventory down YoY for 25 consecutive months now. We’re just past 2-years into the #inventorycrisis.” While we never like when the term “crisis” is used to describe the housing market, the sentiment reflects the pressure that many home buyers are feeling caused by the low inventory levels, especially for existing homes.

Ada and Canyon County Housing Inventory Down for 34 Consecutive Months Click To Tweet

Gudell’s comments were based on nationwide trends, so what does this look like in the Boise Region?

Based on monthly data, inventory of existing homes in both Ada and Canyon counties has been down year-over-year for 34 consecutive months, starting October 2014. Let’s break this down by inventory (supply) and pending sales (demand)…

Metrics Ada Existing Canyon Existing
Oct-14 Jul-17 % Chg Oct-14 Jul-17 % Chg
Inventory (Supply) 1,702 1,238 -27.3% 886 600 -32.3%
Pending (Demand) 628 1,078 +71.7% 307 537 +76.6%
Months Supply of Inventory 3.2 1.4 -56.3% 3.3 1.5 -54.5%

 

Inventory of existing homes in Ada County was at 1,702 in October 2014 and 1,238 in July 2017, a decrease of 27.3%. In comparison, there were 628 pending sales in October 2014 versus 1,078 in July 2017, an increase of 71.7%. Pending sales are homes under contract that should close within 30-90 days.

Looking at months supply of existing inventory — which takes the number of homes for sale divided by the average number of sales by month — there were 3.2 months in October 2014 in Ada County to 1.4 months in July 2017, a drop of 56.3%. (A balanced market—not favoring buyers or sellers—is typically between 4-6 months supply of inventory.)

In Canyon County, inventory of existing homes was at 886 in October 2014 and 600 in July 2017, a decrease of 32.3%. In comparison, there were 307 pending sales in October 2014 versus 537 in July 2017, an increase of 76.6%. That put months supply of inventory at 3.3 months in October 2014 compared to 1.5 months in June 2017, a drop of 54.5%.

How has the decrease in supply and increase in demand influenced home prices in the Boise Region? The median sales price of existing homes in Ada County increased 34.2% between October 2014 and July 2017, and increased 42.2% in Canyon County during that same period, illustrating BRR’s familiar refrain of how home prices are being driven by demand compared to supply.

Additional information about trends within each county, by price point, by existing and new construction, and by neighborhood, are now available in the July 2017 Market Report. This report includes an explanation of the metrics and notes on data sources and methodology.

Download the latest market snapshot graphics for Ada County and Canyon County:

ADA Snapshot - July 17

CANYON Snapshot - July 17

 

 

 

 

 

 

 

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This report is provided by the Ada County Association of REALTORS®, which began doing business as Boise Regional REALTORS® (BRR) in 2016. BRR is the largest local REALTOR® association in Idaho, with over 4,000 members and two wholly-owned subsidiaries — the Intermountain Multiple Listing Service, Inc. (IMLS) and the Boise Regional REALTORS® Foundation. This report is based primarily on the public statistics provided by the IMLS, available at: intermountainmls.com/Statistics/Static.aspx. 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). If you are a consumer, please contact a REALTOR® to get the most current and accurate information specific to your situation.

2017 Mid-Year Housing Summit Recap


Thanks to everyone who attended the 2017 Mid-Year Housing Summit from Boise Regional REALTORS®. If you missed the event, don’t worry! A summary of the discussions and links to the various presentations are available here.

Highlights from the Treasure Valley Policy Survey

Vaughn-BRR presentation_image

Dr. Justin Vaughn, Co-Director of the Center for Idaho History & Politics at Boise State University, presented the highlights from the most recent Treasure Valley Policy Survey, which gauged opinions and perceptions of Treasure Valley residents on a variety of topics, such as living and working in the Treasure Valley, economic development, taxes, education, transportation, and housing.

 

Justin Vaughn

The survey was conducted in September 2016, and the key findings were that residents view life in the Treasure Valley very positively, especially the quality of life, citing it as a good place to raise a family and build a career. The top reasons for living here included low crime, low cost of living, and a strong economy. The survey also found that there is concern about the pace of growth, and divided attitudes among Treasure Valley residents about how to fund affordable housing. For more details on the survey’s findings, download Dr. Vaughn’s presentation.

2017 Mid-Year Residential Real Estate Update

Mid-Year Housing Summit 2017 UPDATED 07122017 - shareable_image

Boise Regional REALTORS® CEO Breanna Vanstrom presented the market update.

Market Update

The Mid-Year Summit is an opportunity to take a step back halfway through the year to evaluate how the market has performed, compared to the same time last year. You can view the slides here, watch a video captured via Facebook Live, or read a summary of Breanna’s presentation below…

BRR Market Update presented by BRR CEO Breanna Vanstrom

Posted by Boise Regional Realtors on Thursday, July 20, 2017

Ada County homes sales are on track to surpass the $3 billion-mark for the first time in 2017. Year-to-date through June 2017, the total dollar volume sold was at $1.46 billion, which was 7.4% higher than the same time last year. The total dollar volume sold Canyon County year-to-date through June 2017, was at $ 417.1 million, which was 14.7% higher than through June of 2016.

BRR’s message to members has been consistent this year and last year: “Our housing market is growing from consumer demand vs. supply — not from speculation as was common a decade ago.” In addition, increased sales prices for newly constructed homes have also been pushing up the total dollar volume figures in 2017.

Three things continue to drive demand for housing in the Boise Region: increased economic development, limited housing supply putting pressure on inventory, and a growing population.

Yet while the actual median sales price continues to trend upwards, based on these factors, the rate at which it is increasing has been slowing down. Year-over-year price gains grew consistently through 2012, led by low mortgage rates and more sales at higher price points.

While the actual median sales price for both counties continues to trend upwards, the rate at which it does so has been more balanced since January 2015. It is important to explain that this slowdown in growth does not mean demand is waning. In fact, year-over-year demand is up, and in just the past few months, the number of pending sales have outpaced inventory.

How does this level of demand vs. supply, increasing (but leveling) prices affect affordability?

The National Association of REALTORS® (NAR) Housing Affordability Index (HAI), and an index value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced existing home. An index above 100 signifies that a family earning the median income has more than enough income to qualify for a mortgage loan on a median-priced existing home. The higher the number the more affordable homes are in comparison to the median income.

BRR replicated NAR’s formula using local data to calculate HAI for Ada County on an annual basis and compare it to NAR’s index for the country overall. In 2016, Ada County’s HAI was at 174.8, a decrease of 2.8% compared to 2015, but 4.5% higher than the U.S. overall.

Our market is still affordable when compared to the nation as well as the Western and Pacific Northwestern regions. Looking at NAR’s figures, based on metropolitan statistical areas (MSAs), the Boise City-Nampa MSA was more affordable than Salt Lake City, Denver, Portland, and Seattle, in 2016. For markets with similar populations, we were more affordable than Cape Coral, FL, Colorado Springs, CO, and Lakeland, FL, but less affordable than Winston-Salem, NC, Syracuse, NY, and Akron, OH.

Certainly, the local economies, demographics, and other factors of the markets cited affect affordability in each area, but the comparison is a helpful benchmark as Boise’s growing population is a driver of home prices relative to supply.

So what can REALTORS® do to help their clients in these current market conditions? Three things: strategic prospecting, strategic listing terms, and setting expectations.

REALTORS® can look to their prospects and databases to identify property owners who could sell but don’t also need to buy, or buy locally. For example, people relocating for retirement or work, investors looking to cash-out single-family properties; or, “default” landlords — people who retained a home after a move or another purchase because they couldn’t afford to sell it previously (either didn’t have the equity, needed a quick move, etc.) and have been holding that property as a rental.

To help prospective sellers nervous about listing their home and not being able to find a place to move, consider making the acceptance of a purchase offers contingent on the successful purchase of another home or completion of new construction, rent-back agreements, or maybe extended closing periods.

To help keep buyer and seller expectations in line with the market, here are a few tips:

  • REALTORS® can review market comps regularly, talking to sellers about price adjustments or changing terms, based on what has sold, to avoid buyer fatigue or disinterest if the home is on for “too long.”
  • Discuss the differences between offer prices and appraisals, and what to do when there’s a gap.
  • With home inspections, help sellers determine what should be fixed instead of moving on to another buyer who “might not ask them to fix” the repair in question. For buyers, if they ask for too many repairs or concessions, could they lose the house and have to start over?
  • Most importantly, know your market stats specific to your listings — it is not a seller’s market for everyone, so don’t over promise what you can deliver if you know days on market or supply of homes in a particular segment may not generate a quick sale or multiple offers.

Investing in Our Community Panel Discussion

2017 Housing Summit Flyer 7.5.2017 - panel discussion

The last presentation of the summit was a panel discussion featuring Clark Krause, Executive Director of Boise Valley Economic Partnership (BVEP); Georgia Meacham, REALTOR® and housing advocate; Jeff Sayer, Managing Partner at Rectify Horizons; and moderator Chase Craig, REALTOR® and Vice Chair for BRR’s Data Strategies Advisory Group.

The topic of the panel was “Investing in Our Community,” and the discussion focused on developments happening in our region and around the state, as well as resources from the National Association of REALTORS®. The panelists talked housing affordability, innovative ideas for affordable housing, cost of living, quality of education, and wages. They also touched on factors businesses consider when looking to relocate or expand to the Boise region. Two recurring themes in the discussion were talent and infrastructure. We need to invest in, and attract capital for, building infrastructure and educating our workforce, both of which are needed as we continue to grow.

How does this all relate to BRR members? REALTORS® may sell homes, but they also change their communities. Georgia encouraged REALTORS® to get involved at the local, state, and national association level, to participate in the association’s community outreach efforts, and to invest in RPAC (the REALTOR® Political Action Committee) to protect homeownership and the real estate industry.

Panel

Event Photo Gallery

Boise Regional REALTORS® Name Katrina Wehr as 2017 President

katrina_wehr

2017 BRR President Katrina Wehr

Katrina Wehr, managing broker at Keller Williams Realty Boise, was named 2017 President of the Boise Regional REALTORS® (BRR) during the association’s annual installation ceremony, held December 16th at the Boise Depot.

Wehr had this to say about her new role, “2017 is going to be an exceptional year for Boise Regional REALTORS® as we continue our mission of providing members with resources for conducting their businesses successfully, ethically, and professionally. My challenge to the members of BRR, the Board, and myself is to expect more of ourselves in 2017 than we accomplished in 2016 — success is never found in mediocracy. Here are a few of my goals… First, inspire BRR’s leadership and members to double their efforts in advocating for private property rights and issues important to our industry. Second, focus on promoting the value of REALTORS® to the public. And third, encourage REALTORS® to utilize the wealth of information at their disposal, to better understand the national and local market trends, and abide by a strict Code of Ethics. I look forward to achieving these goals and serving the members of BRR in 2017!”

“Katrina has a tremendous commitment to professionalism and integrity in all aspects of her career and volunteer work,” said Breanna Vanstrom, BRR’s Chief Executive Officer. “And her grasp of our industry’s issues and opportunities will allow BRR to proactively identify and address the needs of local REALTORS®, which in turn, benefits consumers who are looking to own, buy, or sell real estate in the Boise region.”

2017-installation-program-imageOther association leaders sworn in during the event included 2017 President-Elect Gary Salisbury of Red Barn Real Estate, 2017 Vice President Phil Mount of Front Street Brokers, Treasurer Danielle Cullip of Silverhawk Realty, Immediate Past President and National Director Carey Farmer of Group One Sotheby’s International Realty, four new Directors Bob Hurtt of ERA West Wind Realty, Debbi Myers of Front Street Brokers, Carolyn Sinnard of Happy Dog Realty, Ed Sperry of Equity Idaho Real Estate, and, and three new State Directors Michelle Bailey of Keller Williams Realty Boise, Jared Cozby of Front Street Brokers, and Gail Hartnett of Keller Williams Realty Boise.

They will work alongside BRR’s continuing Directors Krista Deacon of Silvercreek Realty Group, Bob Van Allen of Coldwell Banker Tomlinson Group, and Jeffrey Wills of Amherst Madison Legacy, and continuing State Directors Becky Enrico-Crum of Andy Enrico & Company, Shirley Koch of Coldwell Banker Tomlinson Group, Carolyn Sinnard of Happy Dog Realty, Susan Weaver of Group One Real Estate, and Greg Winther of Silvercreek Realty Group.

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