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Missouri REALTORS ® , It was great to see so many of you at the hybrid Fall Business Conference in Kansas City, where over 400 members registered to attend both in-person and online! We began the week with the Opening General Session, where Chris Goode, founder of Ruby Jean’s Juicery, spoke on investing not only dollars in disadvantaged communities but positioning those dollars alongside purpose and impact. This session resonated greatly with our members. On Thursday, following Output Group and Committee meetings, we hosted our Emerging Issues Forum. We heard from Bill Dedman, a Pulitzer and Peabody award-winning investigative reporter, as he broke down a ...
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Due Diligence Fees and Agent Disclosure Responsibility The recent increase in demand and prices have caused competing home buyers to resort to drastic measures to give themselves a fighting chance at desirable properties, sometimes forgoing contingencies that protect buyers in standard purchase contracts. One recent trend has buyers offering large nonrefundable due diligence fees, sometimes over six figures. The interplay between the hot market, high due diligence fees, and disclosure requirements has caused a spike of threatened litigation and licensing board complaints. Understanding your disclosure responsibilities as an agent can protect you from heightened ...
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Missouri REALTORS ® are so much more than just real estate professionals. They dedicate their time to serving on school boards and running for elected positions. They educate, serve on panels, volunteer and facilitate industry discussions. Their philanthropic efforts 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 Tonya Murfin. Tonya Murfin, from Southwest Missouri Realty and the Greater Springfield Board of REALTORS ® , is a Springfield, Missouri, REALTOR ® dedicated ...
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Happy (almost) Halloween, Missouri REALTORS ® ! Now that spooky season is officially upon us, we wanted to celebrate accordingly. Missouri has quite the haunted history, so we took inventory of the eeriest, most haunted homes across the state. From Kansas City to St. Louis, here’s what we found. But beware--these stories are not for the faint of heart.  The Lemp Mansion The Lemp Mansion, in St. Louis, Missouri, was named one of the 10 most haunted places in the United States. The mansion was built in the early 1860s and was utilized as both a residence and auxiliary brewery office. Shortly after moving in and renovating the space, the Lemp family experienced ...
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Statewide market statistics for August 2021 are in, and numbers are beginning to trend in a positive direction. “ Realtor.com ® ’s August housing data release reveals the housing market is continuing to normalize as newly listed homes skew smaller and more affordable and sellers are beginning to price more competitively through an increased share in price reductions.” However, it is important to note that on a national level, homes continue to sell more than two weeks faster than the previous year. Here are the numbers behind the August 2021 marketplace in Missouri. Home sales in the state of Missouri increased since last August. Missouri ...
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Protect Your Buyer Client in the Purchase of Unimproved Property Buyers tend to have big dreams for their purchased properties. A fresh coat of paint and an outdoor patio are far different from building a dream home from the ground up or developing a planned community. A buyer’s agent/broker should think twice when learning of their client’s plans for a property. Supposing the seller’s agent will assume all responsibility in a transaction can expose a buyer’s agent/broker to possible liability. In this real-world example, taking the extra step to determine if your buyer’s plans for their property are feasible could help protect you from possible third-party ...
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The National Association of Realtors ® has selected Brent Gieseke, a Realtor ® from Kansas City, Missouri, among 10 finalists for its 2021 Good Neighbor Awards program. This award honors Realtors ® who have made significant, tangible volunteer contributions in their communities to improve the lives of their neighbors in need. Gieseke wears many hats as a volunteer serving the needs of refugee families. Since 2018, he’s helped acquire and renovate homes, called “Blessing Houses,” while teens from refugee families work at his side to learn job and life skills designed to help in their acclimation to life in America. “Despite the many challenges navigating ...
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Labor Day, while a celebration and tribute to working men and women across the country, also marks the end of summer. By the time this holiday rolls around, school supplies are flying off the shelves and pools are closing down for the season. With Labor Day, we slowly transition from hot Missouri lake days to bonfires and apple picking season. With all of the autumn excitement comes a tangible shift in the real estate industry as well. Labor Day and the end of summer typically indicate some major market changes that buyers, sellers and real estate agents alike should pay close attention to. According to Forbes , “While some homeseekers might throw in ...
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Missouri REALTORS ® ,   We are excited to announce 2022 Leadership for Missouri REALTORS ® , including committee leadership and members and output group chairs and vice-chairs. This group is focused on providing essential resources to advance the role of REALTORS ®  in real estate transactions and safeguarding Missouri real property rights. They are committed to ensuring that your Association is the “go-to” source for essential business resources while defending the American Dream of Homeownership. I am so excited to work with these dedicated members to ensure the products and services offered by the Association are relevant and valuable ...
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Missouri REALTORS ® ,     Our 2021 Hybrid Fall Business Conference is set for Tuesday, September 28 through Friday, October 1. With just a few weeks left to register and book a room at the Intercontinental Kansas City at the Plaza, I want to share a couple of conference insider secrets! We have scheduled one of the most exciting line-ups of speakers and special guests, and you won’t want to miss a thing. This year's Hybrid Fall Business Conference will begin Tuesday with Missouri Ag Law and Foreign Ownership of Land. There, you will be introduced to various issues that may arise in different real estate transactions, especially those ...
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Missouri REALTORS ® are so much more than just real estate professionals. They dedicate their time to serving on school boards and running for elected positions. They educate, serve on panels, volunteer and facilitate industry discussions. Their philanthropic efforts 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 Jennifer Dick. Jennifer, from RE/MAX Boone Realty and the Columbia Board of REALTORS ® , is a leader to look out for in this Association and beyond. Her ...
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Statewide market statistics for July of 2021 are in, and there is a notable deviation from the unprecedented numbers of 2021 thus far. For the first time in months, home sales in the state of Missouri decreased from the previous year. This may indicate a return to seasonal norms. Hopefully, after months of decreasing supply and elevated demand, REALTORS ® and buyers alike will feel some relief from the highly competitive marketplace.  Here are the numbers behind the July 2021 marketplace. Home sales in the state of Missouri decreased since last July. Missouri REALTORS ® sold 9,158 residential properties. This was just a 4.7% decrease compared to July ...
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Make Hay While the Sun Shines The sun is certainly shining on the vacation rental business. Real estate agents, owners, potential buyers, and investors have great incentive to cash-in on the opportunities in the current market. As with any business opportunity, pitfalls exist for the unwary. In this real-world example, a lack of clear rules and regulations led multiple parties in a real estate transaction to assume permissible uses for purchased property without determining zoning and covenant restrictions prior to the sale. SITUATION The listing agent for a sale property included language in the MLS description indicating the home was a great vacation ...
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Music is a powerful resource. As REALTORS ® , we can use music to reduce stress, to improve motivation and to psyche ourselves up before an important listing. In fact, research indicates that music in the office space can lead to improved focus and overall performance. According to Very Well Mind , “One study found that playing more upbeat music led to improvements in processing speed, while both upbeat and downbeat music led to benefits in memory.” Maybe you’ve been blasting tunes your entire professional career, but you’re searching for a musical refresh. Maybe you’re excited to introduce music into your daily routine, but you’re not sure exactly what ...
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Statewide market statistics for June of 2021 are in, and Missouri’s housing market is on fire. We have experienced an increase across the board—in residential properties sold, residential sale price and total dollar volume in the state of Missouri. Although, at this point, national trends do indicate that things may simmer down sometime soon. The only thing hotter than the weather is Missouri's real estate market! Here are the numbers to prove it. Home sales in the state of Missouri increased since last June. Missouri REALTORS ® sold 9,925 residential properties. This was a14.8% increase compared to June 2020, when Missouri REALTORS ® sold 8,643 residential ...
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In the real estate industry, first impressions matter. As we all know, curb appeal and staging have an immediate and immense impact on a client’s decision. But a REALTOR ® ’s courtesy and etiquette truly set the stage for home buying and selling. Real estate requires a high degree of professionalism across the board. How we treat our clients, properties and fellow REALTORS ® is of the utmost importance. After all, this profession is a privilege, and we must treat it as such from our very first meetings with clients. With proper etiquette and sound professionalism, REALTORS ® have the power to make a good showing an exceptional one. Thanks to NAR’s Code of ...
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It’s August, and you’re probably in the midst of preparing your children to return to school. You’re buying backpacks, notebooks and pencils. You’re carefully planning out extracurriculars and after-school activities. You’re doing absolutely everything in your power to ensure that your children and their peers have a successful, fun school year ahead.  But what if we told you there was another way to support your children and the other students in your community? And no, we’re not talking about the PTA. We’re talking about an exciting, unprecedented opportunity that combines your skills as REALTORS ® and your profound interest in education. We’re talking ...
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Missouri REALTORS ® are so much more than just real estate professionals. They dedicate their time to serving on school boards and running for elected positions. They educate, serve on panels, volunteer and facilitate industry discussions. Their philanthropic efforts 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 Chris Martin. Chris, from Reece & Nichols and Columbia Board of REALTORS ® , has made a tremendous impact as a Missouri REALTOR ® . His work across ...
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Agents Should Advise Caution When Using Electronic Signature Platforms Today’s world is a fast-paced one, whether you’re answering a text message or buying a new car. Time is counted in seconds instead of minutes or hours, and it’s presumed that faster is better. However, speed sometimes means you are sacrificing accuracy or careful deliberation, and that can cost you. In this real-world scenario, faster is not always better when reviewing and signing a real estate contract, whether you are the agent, buyer, or seller. SITUATION A real estate agent representing home sellers forwarded her clients a contract for their electronic signature using DocuSign ...
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Missouri REALTORS ® are so much more than just real estate professionals. They dedicate their time to serving on school boards and running for elected positions. They educate, serve on panels, volunteer and facilitate industry discussions. Their philanthropic efforts 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 Katie Berry. Katie, from Better Homes and Gardens RE Preferred Properties and St. Louis REALTORS ® ,  is an industry leader at the local, state ...
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