Did you miss our August 2024 edition of the Broker Insider Briefing? Fret not – see all of the articles in our archived edition below!
CDAR (Association Updates & More)
- Broker Sounding Board – NAR Settlement PowerPoint
- On Wednesday, July 23rd, CDAR held a Broker Sounding Board session with our Broker, Office Manager, and Owner members. With over 40 in attendance and positive and robust discussion throughout, we wanted to thank our Broker members for attending. We are providing the slide deck from the meeting for all Brokers to review. (Please note one slide was removed pertaining to CRMLS.)
- The Settlement Scoop – CDAR’s NAR Settlement Information Hub
- For everything that is happening and changing with the NAR Settlement at the CDAR level and across the association world, the Settlement Scoop hub has information on forms changes, MLS Rules changes, and FLEXMLS system changes. The Settlement Scoop will be continuously updated as relevant information is made available. We ask that you bookmark the page for future reference.
FLEXMLS (MLS-Related Updates & More)
- CDAR MLS Rules and Regulations Change on August 6th
- On August 6, 2024, the CDAR MLS Rules and Regulations are changing to comply with the NAR Settlement. This largely includes the removal of any compensation language in the MLS Rules and Regulations. We have compiled an FAQ of all of the relevant changes ahead of the August 6th date. Please make sure that you and your agents familiarize yourselves with these important upcoming rule changes.
- REMINDER: Commission Fields Removed from MLS on August 6th
- In addition to the MLS Rules and Regulation changes, we are updating FLEXMLS fields accordingly to comply with these changes. The major change is that the “Commission Info” fields will be completely removed from the MLS starting on August 6, 2024. We have provided an overview of this change, along with screenshots. Please make sure that you and your agents familiarize yourselves with this important system change.
INDUSTRY (Real-Estate Related Updates & More)
- C.A.R. Holding Forms Update Webinars
- With new and updated forms released in zipForm on July 24th, C.A.R. is holding a number of forms update webinars with speakers such as Gov Hutchinson, Neil Kalin, and Jana Gardner from their Legal Counsel team. These webinars run through August 15th and are free to attend. Note that these trainings will not be recorded by C.A.R.
- C.A.R. Buyer Rep & RLA Online Course
- C.A.R. is currently offering a bundle of free education that covers the Buyer Representative (BRBC) and the updated Residential Listing Agreement (RLA) forms. These classes are online anytime, meaning they can be accessed at your leisure, and cover both forms. Follow the instructions on the registration page, and remember to use the promo code.
- NAR Legal Update Webinar Sessions
- NAR is welcoming members to join their Legal Affairs team for discussions about the settlement practice changes and their impact on your business. This will include what to expect when practice changes take effect, tools to navigate the changes and more. The classes are August 1st, 5th and 15th, and are free to attend. These webinars will not be recorded.
- C.A.R. Townhalls on Forms Releases & Recordings
- C.A.R. held a number of townhall sessions reviewing the changes of the newly released forms that went live on July 24th in zipForm. These townhalls, held from July 10-July 19, are identical in material except for the question and answer sections. The townhall recordings are all available for review.
- Latest Statewide Market Statistics (for June 2024)
- Existing, single-family home sales totaled 270,200 in June on a seasonally adjusted annualized rate, down 0.8 percent from 272,410 in May and down 2.7 percent from 277,690 in June 2023. June’s statewide median home price was $900,720, down 0.8 percent from May and up 7.5 percent from $837,850 in June 2023. Year-to-date statewide home sales edged down 0.5 percent.
ADVOCACY (Legislative Updates & More)
- NAR Responds to Administration’s Rent Control Plan
- The National Association of REALTORS® issued a statement from President Kevin Sears on the Biden Administration’s rent control plan, saying that research has shown that rent control does not work. He argued that it failed to improve on renter’s financial situations while shifting the economic difficulties, inflation and other costs to the housing provider with no counterbalance.
C.A.R. Quick Links
NAR Quick Links
