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Missouri REALTORS®, The following is a reasonably complete description of actions taken in the most recent, completed session, that have direct impact on the real estate profession. I’ve also included a list of all bills we were following as well, including a much shorter list of bills that contain issues described within this report. As was reported earlier, HB 1796, strictly speaking (Senate Substitute No 2 For House Committee Substitute for House Bill No. 1796), was Truly Agreed and Finally passed on May 18, 2018 - the final day of the session. Much work went into the final vote, but the two most significant factors in our success was our House Sponsor, ...
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Missouri 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 Member Spotlight on  Nancy Gratz .  Nancy Gratz, REALTOR ®  with Gratz Real Estate ...
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As the 2018 REALTORS® Legislative Meetings & Trade Expo has come to a close, I am happy to report Missouri REALTOR® leaders had a very successful week in Washington, DC.  The week began with a "Top 25 Broker" fly-in, approved by the Missouri REALTORS® Board of Directors in January. The Top 25 Brokers were selected based on their agent count. In addition to designated briefings, the group enjoyed a White House tour and economic briefing in the Vice President’s office. We will continue our broker outreach at all levels.  Additionally, Missouri had a very high profile at the National Association of REALTORS® this year as Missouri’s very own Elizabeth Mendenhall ...
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Spring is in the air, which means warmer weather and a busy real estate market. It also implies some major cleaning – but this year we challenge you to focus on your marketing material rather than your home. Refreshing your marketing strategy from time to time is important for your business, and it allows you to flex your creativity. Here are a few ideas on how to spring into the season with your best foot forward: 1. Create an infographic. One California agent created an awesome infographic that shared both fun and business related facts about himself. He went to professionals, but you can make your own expertly designed infographic with the marketing ...
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What makes Missouri REALTORS ®  so great are the members that we have. Not only do we care about real estate, but we care about each other as well. We know that by investing in our fellow REALTORS® we are making our community, and the industry as a whole, stronger. That’s why we created  Missouri REALTORS ®  Leadership Academy , a program that trains emerging leaders so they may exert a positive influence on the future of the real estate industry.  Our Leadership Academy Alumni Member Spotlight series highlights the graduates of the program. We want to introduce some of our wonderful REALTOR ®  leaders and showcase how Leadership Academy helped them grow. ...
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HB 1796, First Time Homebuyer Savings Account, was taken up by the Senate at 4:25 PM on May 2, it did not go well. Senator Maria Chappell-Nadal, whose district includes the West Lake Landfill Superfund Site began discussing the need for action on the site and the need to inform potential purchasers of the radioactive contamination at the site.  Sen. Rob Schaff joined in with a list of what he viewed as problems with the bill.  The discussion went on for a while until Sen Caleb Rowden; the Senate handler asked that the bill be placed on the informal calendar.  Bills on the informal calendar may be taken up at a later date when the handler believes that the questions ...
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The Situation A real estate agent agreed to list and sell a residential property. The agent had an interested buyer, and an offer was accepted on the property. Subsequently, a neighbor was denied access to view the property after he said he would pay $85,000 more than the original offer. The seller claimed the agent was negligent in not making the property accessible and demanded the difference in the selling price.  The Problem The agent had never dealt with the seller but was familiar with the buyer. The relationship the agent had with the buyer would later create an issue, because the agent failed to give access to the neighbor and failed ...
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The members of the Senate-Fiscal Oversight committee have unanimously approved HB 1796 (First Time Homebuyers Savings Account)  for further action by the Senate.  Senate rules require any bill with a fiscal note (estimate of the cost of the program) of over $100,000 to be considered not only by the committee that hears it but also by the Fiscal Oversight committee.  HB 1796 had a fiscal note of several million dollars hence the additional hearing.  In preparation, Adam Davis and I met with every member of the committee to attempt to answer any questions, explain the alternate fiscal note that Adam constructed, and ask for their support. Adam carried most of ...
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​ SB 920, limited immunity for real estate licensee when they publish area of a property obtained from a third party and disclose the name of the third party is dead for this year. The bill died on Monday after about 5 hours of debate. Sen. Maria Chappelle Nadal discussed radioactive waste and Sen. Rob Schaff discussed freedom. Sen. Jeanie Riddle did a great job of fending off attacks on the bill but, in the final analysis, it wasn’t about the bill. As for good news, HB 1796, First Time Homebuyers Savings Account Act is 27 down on the House Bills on Third Reading calendar in Senate. There are approximately 20 legislative days remaining in this session.  The ...
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Missouri 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 Member Spotlight on Kelly Stackhouse , a member of West Central Association of REALTORS ...
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The Situation A real estate agent listed a home that received its water supply from a well. According to the agent, the seller claimed that the well produced an adequate water supply and had no problems with water quality. The buyer was interested in purchasing the residential property for his family but had concerns about the well. The Problem The seller told the agent that the well produced a sufficient amount of water, but the buyer’s family was much larger than the seller’s. The seller also told the agent that the well's water quality was fine. After taking possession of the property, the buyer quickly discovered the water production ...
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HB 1796, First Time Homebuyers Savings Account is still in committee. Adam and I met with Sen. Ron Richard on Tuesday to see if we could have it reported to the Calendar. Sen. Richard was concerned about the fiscal note, more than two million dollars but was very interested in the alternate note that Adam produced based on data from other states. SB 920, limited immunity for real estate licensees for reporting of the area of the property, has been drafted as a Senate Substitute.  Some minor changes that appear to reduce concerns about the bill. If passed as amended a licensee would not have immunity if they measured the property themselves or if they obtained ...
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Selling a home is challenging, so why would you make it harder by uploading horrible listing photos? Here are the top 10 awful listing photos we found across Missouri so far in 2018! Didn't your mother tell you it was rude to point? Shirts, shoes, and PANTS are required! What a lovely children’s room... It was so nice of this person to clean up before posting the photo online or maybe they are going for an abstract expressionism look!  "Original hard wood floors..." Yeah the floors look nice, but someone needs a pedicure! Unfortunately, this isn't an episode of "Hoarders," it's just a messy teenagers room. I'm sure ...
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​ It was busy this week, the House and Senate came back from break with renewed energy. HB 1796-first time homebuyers savings account is out of committee in the Senate. We are working to get it on the Calendar for what we hope to be a final vote in the Senate. If we can keep any amendments off, then we only need one more vote. SB 920-Immunity for licensees in area or square footage issues. We have run into a problem. While the Trial Bar did not lobby against the bill and Sen Scott Sifton the only practicing attorney in the Senate spoke for it, Sen Doug Libla spent about 30/40 minutes talking about it. Adam and I have a meeting scheduled with him for next ...
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We always recognize April as Fair Housing month, but this year we have extra reason to celebrate. To commemorate the 50th Anniversary of the Fair Housing Act, let’s look back at the hurdles fair housing faced leading up to its 1968 inception, it’s current successes, and how it will continue to evolve. America’s history of unequal property practices can be traced back to 1789. The Fifth Amendment vowed to protect property rights, but at the time, women and minorities were not allowed to own property. It wasn’t until the 1866 Civil Rights Act that African Americans were granted the right to own property, but even then, some states restricted those rights. ...
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Spring is in the air, and for most people that means dedicating a day or two to spring cleaning . While vacuuming and organizing are important, this year make the chore a bit more fun by redecorating a room as well. Decorating can get expensive, but we have few low-cost ideas that can make a huge impact.   Rearrange furniture. You’ve seen stagers transform a room by moving things around, so why not try it yourself? Rearranging furniture doesn’t cost anything, yet it makes a huge impact on any room. Changing where your bed is placed or moving your couch around may even make the space feel larger. And if things start to feel crowded, consider moving ...
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Luck isn’t just for the Irish, because Missouri REALTORS ® consider themselves lucky every day.  In honor of St. Patrick’s Day, some Missouri REALTORS ® shared their favorite part of being a REALTOR ® as a reminder of how lucky they are to do what they do.  Here are some of the reasons why Missouri REALTORS ® consider themselves as lucky as a four-leaf clover! “The friendships and knowledge I have received from my Missouri REALTORS ® colleagues is beyond compare.”  Marc Levinson , Dielmann Sotheby’s International Realty, St. Louis “Being a Missouri REALTOR ® means having great relationships with my fellow Missouri REALTORS ® ...
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The hearing last Tuesday on HB 1796, First Time Home-Buyers Savings Account Act in the Senate Insurance and Banking Committee went well. Adam did a great job of explaining those areas that Rep. Becky Ruth didn’t cover (very few actually, she’s one of the best-prepared bill sponsors I’ve seen—teacher and Realtor are a great combination). The bankers, credit unions, and mortgage bankers all testified in support, and there was no opposition.  Sen. Paul Wieman plans to have an executive session on the bill soon after the General Assembly returns from break. The Senate perfected SB 590, limitations on Historic Tax Credits on Tuesday, March 13 th .  Some of the ...
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I’m a little late getting this started today because I wanted to be able to include comments on a meeting held earlier today. Last week several of us were standing in the corridor on the 3 rd floor of the Capitol,  just talking about nothing important when Secretary of State Jay Ashcroft came walking down the stairs, walked over said hello and started talking about his legislation to rewrite the notary statute.  We had met on the issue earlier that week with one of the electronic remote notary vendors, so the lenders and the title companies had some comments. The suggestion was made to get everyone in a room and review so, today about 20 people met in the Secretary ...
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What makes Missouri REALTORS ®  so great are the members that we have. Not only do we care about real estate, but we care about each other as well. We know that by investing in our fellow REALTORS® we are making our community, and the industry as a whole, stronger. That’s why we created  Missouri REALTORS ®  Leadership Academy , a program that trains emerging leaders so they may exert a positive influence on the future of the real estate industry.  Our Leadership Academy Alumni Member Spotlight series highlights the graduates of the program. We want to introduce some of our wonderful REALTOR ®  leaders and showcase how Leadership Academy helped them grow. ...
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