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HB 1796, First Time Home-Buyers Savings Account is in the Senate awaiting committee assignment. The vote on HB 1796; a recording of Rep. Ruth motion to 3rd read the bill, and the vote on the 3rd reading motion are all posted with the Common Ground post that sent you here. If your Representative was absent, they might have been preparing for their bill further down on the list or speaking with a reporter about one of their bills that was just 3rd read. If your Representative voted no, I don’t know what to tell you; you probably need to discuss it with them. Tuesday, February 20th the Senate Committee on Ways and Means heard testimony on SB 877, Senate version ...
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Ask anybody and they’ll tell you President’s Day, celebrated once a year, was founded to honor those who have held “The Highest Office in the Land.” Do I agree; absolutely! But with that, I also believe President’s Day is a time to celebrate Past Presidents who on the local, state and national level have given their blood, sweat and tears to lead us to where we are today. More importantly, to pave the way for individuals such as myself, to serve the greatest REALTORS ® out there. Missouri REALTORS ® , founded in 1936, has been nothing short of fortunate to have received the leadership it has over the past 60 years. Individuals such as Elizabeth J. Mendenhall, ...
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Missouri REALTORS ® had a great Valentine's Day.  HB 1796, First Time Home-Buyers Savings Account Act, was perfected at roughly 4:10 PM. Listen to the discussion on the bill.   Some of the voices you will hear, Rep. Becky Ruth, the bill sponsor; Rep. Rocky Miller from Lake Ozark who discusses the many emails he received from the REALTORS ® in his district; Rep. Dan Shaul from Imperial; Rep. Mary Nichols from Maryland Heights and Rep. Michael Butler from St. Louis.  It was a pretty bipartisan group all urging their colleagues to support the bill.  The final House vote on the bill should take place early next week; then it is on to the Senate. Another Valentine’s ...
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M issouri REALTORS ® are not only real estate professionals – we're so much more. We're active in the community – serving on school boards, in elected positions and volunteering our time to make communities where we work a better place to be. We're educators – serving on panels and facilitating industry discussions. The philanthropic efforts of our members are inspiring and the difference they are making within their communities is significant. Our Member Spotlight series highlights these efforts and introduces some of our wonderful members.   This month, we are shining the Membe r Spotlight on Ethel Mae Tennis .   After working ...
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If you’re in the mood for some romance, don’t bother booking a trip to the ocean or Paris-there are plenty of romantic spots right here in Missouri. In honor of Valentine’s Day, we asked Missouri REALTORS® to share some of the best spots in Missouri for romantic getaways, proposals or engagement photos, and even wedding venues. REALTORS® know the local market better than anyone, so these destinations are worth visiting whether they’re in your backyard or a few hours away. 1. Bed and breakfasts . Missouri is full of wonderful bed and breakfasts. Each and every one is unique, and you probably don’t have to travel far to find one. Missouri REALTORS® from ...
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More good news on the First-Time Homebuyers Savings Account bill, as Adam reported on Wednesday the bill was voted out of House-Rules Legislative Oversight.  Next step is to the Perfection Calendar. On the Senate side SB 887, Sen. Caleb Rowden’s First-Time Homebuyers Savings Account legislation will be heard on February 13 before the Senate Committee on Ways and Means.  If you want to come the hearing begins at 8:15 AM in Senate Committee Room 1. The Senate version of the PACE bill was heard in the Senate Committee on Local Government and Elections chaired by Sen. Dan Hegeman.  At the hearing, it was apparent that there is still much to be done before the ...
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The Situation   A real estate agent was hired to represent a buyer in the purchase of a multi-million dollar home. Numerous structural and material defects were found following the purchase of the property. The buyer demanded the agent pay for the repairs .   The Problem The agent recommended a local home inspector to inspect the home.   The Mistake The agent didn’t provide a list of licensed home inspectors for the buyer to pick from, and the one he recommended wasn’t licensed The Result Most of the damages incurred were related to construction defects, but the agent incurred high legal costs defending this matter. ...
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As Adam reported HB 1796, first-time homebuyer savings account, is out of committee.  We will meet Monday, February 5 th with Rep. Ruth and representatives of the Department of Revenue and Office of Administration to discuss the fiscal note on the amended bill. The amendment involved changing the maximum amount of all contributions for all tax years and the maximum total amount in the account. There are two more steps before the bill can come to a vote before the entire House. Next week the Senate PACE bill, SB 933 will be heard by the Senate Committee on Local Government and Elections.  The hearing will be on Tuesday, February 6 in the Senate Lounge, it ...
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What a great week for Missouri REALTORS®! The General Assembly was still talking about our Capitol Conference and their meetings with our well-prepared grassroots lobbyists. You have no idea how much of an impact you make in meetings because you are prepared and focused on a limited set of issues. The best news was the hearing on HB 1796, Rep. Becky Ruth’s First-Time Home Buyers Savings Account Act. The fiscal note last session created real problems because in the first year it projected a cost of $65,146 and in the second and third years the cost “could exceed $1,000,000”.  This year the amount of contribution was reduced, which reduced the possible deduction, ...
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Paint with a Twist Class

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Mineral Area Board of Realtors is hosting a Paint with a Twist Class Come join in the fun on February 9 at the Mineral Area Board of Realtors office located at 9 S Coffman St in Park Hills. This is way to relax and create something special for yourself or someone special!   Space is limited so register early
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Hello Missouri REALTORS®! Happy New Year! I am honored to serve as your 2018 President of Missouri REALTORS®. I am so excited about our first event of the year, the 2018 Capitol Conference and January Business Conference . I believe your involvement in this association is critical to our success. Here is why I would love to see you next week.  I am looking forward to taking it to the next level and beyond this year. It all starts in Jefferson City! Nate Johnson 2018 President Missouri REALTORS®
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The Situation A real estate agent assisted a client with the purchase and sale of various properties as they upgraded from one property to the next. Typically, when you sell a property and have a gain , you must pay tax on the gain at the time of the sale. However, under Section 1031 of the IRS Code, you can postpone paying tax on the gain if you reinvest the proceeds in a similar property as part of a qualifying like-kind exchange. The agent advised the client to pursue a 1031 transaction due to the tax benefits. The client agreed, and the agent offered to coordinate the transaction. A property was purchased with the understanding that the Section ...
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REALTORS ® are constantly looking at the latest interior design trends. You’ve seen it all: the good, the bad and the ugly. Some trends come back around, but some we are hoping will stay obsolete forever (we’re looking at you, carpeted bathrooms!) To celebrate the New Year, let’s take a look at how interior design-and housing prices -have evolved over the decades. 1950’s Homes in the 1950’s had a “midcentury modern” flair. Inspiration from this era can be seen in interior design today, but the truth is that most homes in the 50s looked very different from current interpretations. The Scandinavian color palette (cream, browns, green and gray) was ...
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Reflecting on 2017

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The end of a year is often a time of reflection as to what has been accomplished and what is still left to be done. As we close out 2017, I look back with a both a sense pride and humility. The reason for pride is for all of the items we accomplished as a Leadership Team, a Board of Directors, and as a 21,000+ Member Strong Association. The reason for humility is because I have found that the position of President is not about one person making the decision, but more about harnessing the collaborative nature of our REALTOR® members to take us places we never imagined possible. Please take the time to watch this video as it shares highlights from the year and ...
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M issouri REALTORS ® are not only real estate professionals – we're so much more. We're active in the community – serving on school boards, in elected positions and volunteering our time to make communities where we work a better place to be. We're educators – serving on panels and facilitating industry discussions. The philanthropic efforts of our members are inspiring and the difference they are making within their communities is significant. Our Member Spotlight series highlights these efforts and introduces some of our wonderful members.   This month, we are shining the Membe r Spotlight on Leo Sebus .   After being diagnosed ...
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The Situation After being laid off by his employer, a homeowner was no longer capable of making mortgage payments. Because he was seeking employment in an industry lacking comparable job opportunities, the homeowner was facing the certainty of foreclosure. He sought out a real estate agent to discuss whether it would be better to rent or sell the property. The realtor advised the homeowner to sell the house and temporarily move in with relatives until he found a new job. The Problem The principal balance of the mortgage was more than the market value of the property. The Mistake While working with this struggling homeowner, the agent recommended ...
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2017 has been such an incredible year for Missouri REALTORS®! I am so proud of all the success of our association and our members this year and am honored to have been a part of it alongside you. Like many of you, we are looking ahead and preparing for 2018. We are excited to make it the best year yet and hope you can join us January 17-19 in Jefferson City for our  38th Annual Capitol Conference and 2018 January Business Conference . Capitol Conference What better way to kick-off the year than to meet with your elected officials in the Capitol and ensure that your voice is heard? This is your chance to make an early and positive impact during the 2018 ...
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Your first home is far different from any previous purchase. It’s more exciting, emotional and, of course, much more expensive. While getting your finances in check is not the most glamorous part of the house hunt, it is arguably the most important. Below are our tips on how you can best finance your first home. Decide how much you can afford to spend. Most experts say that you can afford a mortgage around two and a half times your yearly salary and that you shouldn’t spend more than 30 percent of your gross monthly income on mortgage payments.  These are general rules of thumb, and you will need to consider other payments, such as auto loans ...
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Shopping for your first home should be exciting, but the search can quickly become overwhelming. This is likely the biggest purchase you have ever made, and you want to be sure to choose the perfect house. Fortunately, REALTORS® have been around the block a few times, so they know what house hunting practices work best. We have compiled advice from seasoned real estate professionals on the best things to do while searching for your dream home. Hire a REALTOR® The first step in finding your future home should be hiring a REALTOR®. REALTORS® make the process easier by helping you locate properties, handling negotiations and navigating contracts. ...
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M issouri REALTORS ® are not only real estate professionals – we're so much more. We're active in the community – serving on school boards, in elected positions and volunteering our time to make communities where we work a better place to be. We're educators – serving on panels and facilitating industry discussions. The philanthropic efforts of our members are inspiring and the difference they are making within their communities is significant. Our Member Spotlight series highlights these efforts and introduces some of our wonderful members.   This month, we are shining the Membe r Spotlight on Kirk Hewitt .   For more than 23 ...
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