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2013-02-12 16:25:20
Utah Real Estate Board of Ditectors Meeting

Board of directors message 

If you missed this year's Forecast Breakfast, you can still watch the event online at www.slrealtors.com. This year's speaker was Kurt Badenhausen, senior editor at Forbes Magazine. Badenhausen's remarks focused on why the Beehive State holds the best business climate in the country for three years running. 

 

In December, Forbes announced that Utah was No. 1 in the 'Best States for Business' rankings, which took into account business costs, labor supply, regulatory markets, economic climate, and growth prospects. Utah, Badenhausen added, is only one of a handful of states to hold a AAA bond rating, and is ranked No. 1 in the nation by Moody's in the 'Best States for Fiscal Health.'

 

In addition to the keynote speaker, James Wood, director of the Bureau of Economic and Business Research, offered a local housing forecast overview, predicting that Salt Lake home sales this year would rise another 15 to 20 percent, with home prices rising 10 to 12 percent. 'In 2013, Salt Lake County's real estate recovery will gain momentum,' Wood said. 'Strong job growth combined with low interest rates will give a boost to both buyer confidence and housing affordability.' You can download the report and power point here.

Reminders

 

President's Day Holiday
The Salt Lake Board of Realtors' offices will be closed on Monday, Feb. 18 in observance of President's Day. For Supra Key support call 1.877.699.6787.

 

NAHREP February Mixer & Business Meeting Event(s)
The National Association of Hispanic Real Estate Professionals will host its February business meeting on Thursday, Feb. 21 at 11:30 a.m. The meeting will focus on 'The Truth About Credit Scores & Credit Reports.' Nationally recognized credit scoring expert, Nabil Captan will be the keynote speaker. For more information and to register for the event go to www.nahrepslc.org.

Tech Thursday: Facebook & Relationship Marketing
The Salt Lake Board of Realtors continues it bi-weekly Tech Thursday training series on Feb. 14 from 1 p.m. to 2:30 p.m. in the Snowbird Classroom at the Realtor Campus in Sandy. Instructor David Muecke will review part three on Facebook basics. The Facebook & Relationship Marketing class will cover: how to trump Google on a shoestring, what is a relationship marketing plan, how does relationship marketing work, and high-tech relationship building and branding for Realtors. Registration is required here.

REALTOR-Builder Summit  Feb. 15
The Home Builders Association Sales & Marketing Council in conjunction with the Salt Lake Board of Realtors will hold a Realtor Builder Summit on 'Profitable Partnerships, New Construction from A-Z,' from 8:30 a.m. to 12 p.m. on Feb. 15 at the Realtor Campus. Three professional CE credits are available. Panel speakers include: Grant Lefgren, VP of Operations D.R. Horton, Pete Evans, Division President of Woodside Homes, Jacob Ballstaedt, Sales Manager Garbett Homes, Jarom Iacono, President of Tree Haven Homes and Realtor Dave Robison, UtahDave.com Neighborhood experts. Advanced registration is required by contacting ashley@slhba.com or (801) 748-4134 by Feb. 11.

 

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References

  1. ^ For example, New Mexico has repealed the use of the term 'agents' in favor of the term 'broker'
  2. ^ 'Fiduciary Responsibilities'.
  3. ^ a b For example, in New Mexico
  4. ^ http://www.realtor.org/
  5. ^ http://www.bls.gov/oco/ocos120.htm
  6. ^ >2005->Ch0475->Section%20278#0475.278 State of Florida's Transaction Brokerage proposal
  7. ^ a b Outline of types of representation available in Colorado, including Transaction Brokerage
  8. ^ Florida's South Broward Board proposal
  9. ^ Blanche Evans, 'Florida Implements Default Transaction Brokerage Statute', Realty Times online
  10. ^ a b The 2007 Florida Statutes. Chapter 475 Real Estate Brokers — Part I; Real Estate Brokers, Sales Associates, and Schools (ss. 475.001-475.5018), Section 475.278 Authorized brokerage relationships; presumption of transaction brokerage; required disclosures (1) Brokerage Relationships: (a) Authorized brokerage relationships. — A real estate licensee in this state may enter into a brokerage relationship as either a transaction broker or as a single agent with potential buyers and sellers. A real estate licensee may not operate as a disclosed or non-disclosed dual agent ... (b)Presumption of transaction brokerage. — It shall be presumed that all licensees are operating as transaction brokers unless a single agent or no brokerage relationship is established, in writing, with a customer.'
  11. ^ Peter Coy,'Home Buyer, Beware: Desperate sellers are paying brokers super-sized commissions, which get incorporated into the price ultimately paid by buyers', Business Week online, 14 December 2006 Retrieved 28 April 2008
  12. ^ Consumer Reports, May 2005
  13. ^ Allied Schools. 'California Real Estate License Requirements'.

 

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