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JUNE 2018GMARonline.com
Official Publication of the Greater Metropolitan Association of REALTORS®
Nominate for Realtor of the Year by July 31
Lace Up YourRunning Shoes
GMAR’sRUN THE PLANK
is June 30th!MORE INFORMATION ON PAGE 21
ADVERTISERS
Table of ContentsJUNE 2018
VOLUME 15, NUMBER 6 the official publication of the
Greater MetropolitanAssociation of REALTORS®
24725 W Twelve Mile Rd, Ste 100,Southfield, MI 48034
248-478-1700 | 248-478-3150 (fax)www.GMARonline.com
OFFICERSJamie Iodice, President
Al Block, President ElectJames Cristbrook, Treasurer
Karen Greenwood, Immediate Past President
DIRECTORSGerry Miller, District 1 DirectorJohn O’Brien, District 5 DirectorJohn McArdle, District 6 Director
Angel Holbrook, District 7 DirectorBart Patterson, District 8 Director
James Cristbrook, At Large DirectorKatie Weaver, At Large DirectorKim Hosner, At Large Director
Pam Bartling, At Large DirectorScott Galloway, Affiliate Director
STAFFSharon Cobleigh, Reception
Traci Dean, EducationTracie DeBellis, ReceptionMarnie Gray, Accounting
Travis Greer, Realtor® and Community AffairsAly Honeycutt, Event Coordinator
Porsha Hall, MembershipTim Likes, Communication
Vickey Livernois, CEOPauline Olszewski, Pro Standards & Toolshop
Stacie Andrew, Admin
TO ADVERTISE INTHE METROPOLITAN REALTOR®
call or email Foley Publications, Inc.,800-628-6983, [email protected]
US Bank ............................................................................................................ 3
Michigan State Housing Development Authority ............................................ 5
Attorneys Title Agency ..................................................................................... 7
Seaver Title Agency .......................................................................................... 11
4 President’s Report
5 Candidate Endorsement Task Force
6 CEO’s letter
7 Member Benefit! Free Website
9 555 Featured Donor
10 Thank You RPAC Investors
11 WCR June Events
12 Legislative Update
13 Featured Gold Sponsor
14 RPAC Report
15 GMAR Market Update - April 2018
16-17 April 2018 Sales Summary
18 June ToolShop Sale
19 Welcome New Members
20 GMAR Upcoming Events
22-28 Continuing Education Flyers
Member FDIC.©2018 U.S. Bank 180427c 3/18
Ted EdgintonMortgage Loan Officer 26400 Lahser Road, Suite 444
Southfield, MI 48033
Phone: 248.945.5292
Cell: 248.866.9460
NMLS#: 502442
Visionary. Collaborator. Leader. Attributes of true achievers.
U.S. Bank proudly salutes Ted Edginton for
his induction into the National Association of
REALTORS® — REALTOR® Hall of Fame. This award
nationally recognizes Ted’s dedicated support and
advocacy for homeowner rights and fair housing.
As the first mortgage loan officer in Michigan to
receive this prestigious honor, Ted is positively
impacting the industry through his commitment to
making homeownership possible.
Congratulations, Ted!
P R E S I D E N T ’ S R E P O R T
By JAMIE IODICE2018 GMAR [email protected]
June marks the half way point in the year!
If you reviewed your numbers right now, would they be half of what you have projected and planned for? If not, why not? What steps do you need to take to finish out a successful year?
Thank you to the many GMAR realtors, #GreaterRealtors, who attended the NAR Legislative Meetings in Washington D.C. this past May. We honored our GMAR members inducted into the RPAC “Hall of Fame,” met with other local boards and leaders, and visited Capitol Hill.
I particularly appreciate the local board forums and round tables. We met with other local Realtor® associations of all sizes to exchange ideas, provide possible solutions to challenges, and learn new processes to provide the best value to members.
Realcomp is nearing the implementation of electronic lock boxes (ELB). ELB’s have proven to provide better security, better record keeping, and reduce the ability for unknown and unauthorized access. Everyone who operates in today’s business world agrees that technology like bag phones and boom boxes are archaic compared to the mini computers we call smartphones today.
As successful Realtors, #GreaterRealtors, one of our strengths is learning. We continually learn and adapt. We strive to better our processes and implement the very best tools for our clients and our business model. I urge you to learn about and use the latest tech to improve your business, better serve your clients, and separate yourself as a #GreaterRealtor.
With Our Deepest SympathyMICHAEL D. STEWART
We are sad to inform you of the April 21 death of member Michael D. Stewart of Re/Max Cornerstone in Westland. View full obituary here.
GMAR staff, leadership and membership extend warm condolences to the family and friends of Michael.
If you would like to let your fellow REALTORS® know about the recent passing of another member, please submit the information to [email protected].
™
1.844.984.HOME (4663)Terms and conditions apply. Find out more at MichDownPayment.com/detailsEqual Housing Employer/Lender
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Version: 03.12.18
Last year, the GMAR Board of Directors formally adopted procedures to endorse and support candidates running for public office in county, city, and township government.
As you know, local governments can often times have a large impact on real estate transactions, so it is important that we support individuals who are supportive of property rights and homeownership through endorsements and potentially contributions from RPAC.
The GMAR Local Candidate Endorsement Task Force is looking for members to join in its efforts! If you are a member who is interested, articulate, and objective you should join us! Please follow this link to sign up and join the Task Force today!
In the coming weeks, the GMAR Local Candidate Endorsement Task Force will be divided into various panels of Realtors® who will interview candidates and make endorsement recommendations to the Board of Directors.
Join GMAR’s Local Candidate Endorsement Task Force!
C E O ’ S L E T T E R
By VICKEY LIVERNOISChief Executive Officer
NAR Legislative Meetings Update
What an amazing week in Washington D.C. this past May. NAR hosted informational sessions. There were networking events, committee meetings, and the wonderful DC sights. Realtors from across the country took an entire day to meet with legislators to talk about private property rights and highlight items important to our industry such as supporting net neutrality protections, the National Flood Insurance Program, Tax Policy, and Equal Access to Housing Opportunities.
Also during these meetings, the NAR Board of Directors voted to give associations new teeth for enforcing Code of Ethics violations by allowing them to adopt policy that would enable them to publicize the names of those found in violation of the Code of Ethics. Associations can also release a photograph of the member as part of that public disclosure.
Another big change was Standard of Practice 1-7 where a listing broker or agent is required to respond in writing that an offer was submitted to the seller if the cooperating broker who submitted the offer so requests. The listing broker or agent must respond in the affirmative unless the seller has provided written notification waiving the obligation to have the offer presented.
Also passed at the NAR meetings by NAR leadership was the SMART Budget. This budget sets national association dues at $150 per member beginning in 2019 - up $30 from years prior plus the existing $35 Public Awareness Campaign fees paid by each member. The $30 increase will be allocated by way of $17 to the Realtor Party Advocacy programming and the remaining $13 will fund programs such as the new Commitment to Excellence professionalism initiative and upkeep of the NAR buildings in both Chicago and Washington, as well as to establish a reserve fund to cover maintenance costs for these buildings in the future.
Overall, the meetings were fantastic. If you have an opportunity to attend I would definitely recommend it. It is amazing to see so many Realtors who volunteer to make this industry better. I think it is often overlooked, or possibly forgotten over time, that these people are volunteers. They leave their families, they work endless hours away from their home state to keep up with the demands of their clients, and are still giving of their time and talent to help this industry continue to achieve greatness. Thank you to all those who volunteer!
Our products and services include:• Commercial title insurance• Residential title insurance• Escrow services• Owner mortgage policies• Closings and escrows• Re-issue rates on prior policies• Deeds• Land contracts42651 Woodward Ave.Bloomfield Hills, MI 48304Phone: 248-338-7135 I Fax: 248-338-3045Visit our website for a list of all of our locations.
www.seavertitle.com
ATA SeaverTitle Agency
GMAR is proud to announce that all REALTOR members now have access to a free Placester IDX website through the Realtor Benefits Program!
Your free website includes a mobile-ready design, IDX listing integration, custom domain mapping, editable “About” and “Testimonial” pages, mortgage calculator widget, and social media icons to highlight your social profiles.
In addition to the free website, GMAR has partnered with Placester to provide you access to a vast library of educational resources, webinars and podcasts about how to brand yourself online and grow your business.
Visit gmaronline.com/freewebsite to claim your free website and access these free resources. Participation is completely optional.
We hope you enjoy this member benefit!
Free Website!
8 | Metropolitan REALTOR®8 | Metropolitan REALTOR®
SPARKS PINBALL MUSEUM(Located inside Premier Lanes)
33151 23 Mile Road, New Baltimore, MI 48047
GMAR Plays a Mean Pinball
June 7, 2018 • 5:30p - 7:30p • $25
GMAR’S RPAC & YPN PRESENTS:
(includes two drinks, appetizers, and unlimited pinball play)
CALL OR TEXT 248.306.0787
TO PURCHASE TICKETS!
Join GMAR for a night of nostalgia and relaxation at the largest collection of pinball machines in Michigan!
CLICK HERE TO
Metropolitan REALTOR® | 9
Rick Linnell of Linnell & Associates donated to Guardian Angels Medical Service Dogs at our GMAR Gives Thanks Party in 2016. With their generous contribution, GMAR was able to fully fund the training of a medical service dog, $22,000. The dog, named Cobalt Realtor® Blue, was trained and paired with a Michigan Veteran late last year.
Guardian Angels Medical Service Dogs Founder and CEO Carol Borden says 22 vets suffering from PTSD succeed in taking their life each day, and that 90% of married vets suffering from PTSD divorce. When paired with a Guardian Angels Medical Service Dog, both of those rates drop to ZERO.
GMAR is so pleased with this charity’s work that they’ve committed to providing 5 dogs over the next 5 years to 5 Michigan veterans. GMAR Immediate Past President Karen Greenwood said, “We’ve just been really touched by the relationship our vets have developed with these dogs – for the dog to be able to help them to such a great extent is remarkable. Our members are really happy to pitch in and see the affect.”
Linnell & Associates Donates to Help Michigan Veteran
Cobalt Realtor® Blue at 15 months old at his training farm in Williston, Florida. For more on how we met him, see Meet Cobalt REALTOR® Blue.
55years
dogslives saved5
Guardian Angels Medical Service Dogs is a 501(C)3 is based in Williston, Florida. Chief Executive Officer Carol Borden founded the organization in 2010. Guardian Angels utilizes a positive-reinforcement training method and has a team of staff and volunteers that work incredibly hard to ensure that each applicant is carefully considered, each recipient has the tools they need to be successful with their service dog, and each dog is matched to the right recipient. No matter the disability, Guardian Angels strives to assist as many people as they can through the healing power of service dogs.
GMAR IS PARTNERED WITH GUARDIAN ANGELS MEDICAL SERVICE DOGS TO PROVIDE A SERVICE DOG TO A VETERAN IN NEED FOR 5 YEARS IN A ROW.
LEARN MORE AT: WWW.MEDICALSERVICEDOGS.ORG
F E AT U R E D D O N O R
In honor of their donation, GMAR presents Richard Linnell of Linnell & Associates with plaque of special recognition.
R PA C I N V E S T O R S
Thank You RPAC Investors GMAR RPAC Investors
GMAR would like to extend a sincere thank you to all of the members who have made their investment in RPAC, the REALTORS® Political Action Committee. By investing in RPAC, these members are supporting REALTOR®-friendly legislators and policy initiatives that reflect the REALTOR® core values; protecting private property rights, reducing burdensome regulations on the industry and preserving the American Dream of Homeownership.
Below we recognize and applaud GMAR members who invested in RPAC for the month of April, 2018.
10 | Metropolitan REALTOR®
Pam BartlingKaren BetzingDenise BondoniLori BoushelleTammy CampbellSandra DixonLori DolmanNancy Duncanson
Linda FennellElizabeth HarrisMeriem KadiEmer KennyCarol LukityJamie MoriciMichelle Morris-MaysEric Raymo
Theresa ShraderChris VanBelleEva VermeeschRonald VescheCynthia VestalMisty WeisenbergerDebbie Zalewski
*Contributions are not deductible for Federal income tax purposes. RPAC contributions are voluntary and used for political purposes. You may refuse to contribute without reprisal or otherwise impacting your membership rights. For individuals investing $1,000.00 or greater, up to 30% of this total investment may be forwarded to the National Association of REALTORS® RPAC. All amounts forwarded to the National Association of REALTORS® RPAC are charged against the applicable contribution limits under 2 U.S.C. 441a
Thank You Offices Who Have 40% or Greater Participation Rate!We also recognize these offices that have a 40% or greater participation rate amongst their REALTORS®.
Congratulations and keep up the great support of the profession!
Advantage Realty August Appraisals Birmingham Realty LLC Buyers Protection Group, BPG Cecile's Realty & Associates Changing Places Moving Christopher J Daggy Clearbrook Appraisal Coldwell Banker Weir Manuel Cross Country Mortgage Dumas Realty Exline Group GMARHannah Realty & Prop Mge Historic Realty Detroit Home Inspection Professionals IMIR Appraisal Company JC Cornerstone Realty LLC KG & Associates Leading Edge Title Agency, LLC
Michigan Institute of RE Midwest Realty Exchange Inc. Parks Title People's Real Estate, LLC Pickering Real Estate Pillar To Post Chesterfield Property Solutions Plus Quality Service Real Estate Re/Max Classic RE/MAX First Real Estate King Real Estate Today, LLC Real Living John Burt Realty Richard M. Haggerty, Broker Roger Dale McDaid Royal Realty Showcase Homes, LLC Starlite Properties Summit Funding Inc. The House Stop, LLC
US Bank Home Mortgage Zanglin & Associates R.E. City Life Realty, P.C. Downriver Property Experts Berkshire Hathaway Home Servic GWH Properties, LLC Immense Realty Group Life Inside Realty LLC Linnell & Associates, LLC Logan Realty Michigan Property Resource Reliable Realty Sharpe Properties Co., Inc Team LBR LLC United Front Realty, LLC US Bank Home Mortgage Victor Properties Inc. Johnson Premier Realty Co.
Our products and services include:• Commercial title insurance• Residential title insurance• Escrow services• Owner mortgage policies• Closings and escrows• Re-issue rates on prior policies• Deeds• Land contracts31440 Northwestern Highway I Suite 150Farmington Hills, Michigan 48334Phone: (248) 594-3839 I Fax: (248) 205-4108Visit our website for a list of all of our locations.
www.atatitle.com
BIRMINGHAM-BLOOMFIELD
MEMBER MENTORINGJune 04, 2018 - 8:30 AMBirmingham Roast525 W Brown StBirmingham, MI 48009
SUMMER SOIREEJune 21, 2018 - 4:30 PMChemical Bank2301 W Big BeaverTroy, Michigan 48084
GREATER ROCHESTER
GOLF OUTING AT GREYSTONEJune 20, 2018GreystoneMound Rd just south of 32 Mile RdWashington, Michigan
GOLF OUTING PLANNING TEAMJune 08, 2018 - 10:00 AMReal Living Kee Realty210 W. UniversityRochester, Michigan 48307
LAKE POINTE
NAR TECH EDGEJune 07, 2018 - 9:00 AMThe Cadillac Room1115 S WashingtonLansing, Michigan 48910
REGION 2 CONFERENCEJune 13, 2018 - 11:00 AMLambeau Field1265 Lombardi AveGreen Bay, Wisconsin 54304
DOMINATE YOUR MARKETJune 19, 2018 - 11:30 AM43843 Romeo PlankClinton Township, Michigan 48038
275 CORRIDOR
4TH ANNUAL GOLF OUTINGJune 05, 2018 - 8:00 AMFox Hills Golf Course8768 N Territorial RdPlymouth Twp. , Michigan
JUNE WCR EVENTS
12 | Metropolitan REALTOR®
30+ Years of Real Estate Publishing Excellence!
For advertising information, please contactNed Foley at 303-758-7878 or visit our
website at www.foleypub.com
L E G I S L AT I V E U P D AT E
GMAR Opposes Oakland County Septic Inspections at Time of Sale
In May, GMAR President James Iodice testified before a panel of Oakland County Commissioners that our organization would oppose government mandated time of sale inspections on septic systems.
The Oakland County Septic System Study Group, made up of Commissioners Bob Hoffman (R-Holly), Shelley Taub (R-Birmingham), and Dave Woodward (D-Royal Oak), is considering revising the Oakland County Septic Code to include time of sale inspections, among other revisions, as a means of curbing pollution and protecting the environment.
While GMAR does not have an official policy position on clean water, it is only logical that we be good stewards of our environment—as the health and safety of our environment is directly tied to the economy, property values, and ultimately private property rights. However, it is the official policy position of GMAR and Michigan Realtors® to support a statewide septic code and oppose government mandated inspections at the time of sale.
The issue of a statewide septic code has been debated by industry and government leaders for over 25 years. The Michigan House of Representatives Committee on Natural Resources is considering House Bills 5752 and 5753, which environmental groups and industry leaders (including GMAR, Michigan Realtors®, and Clean Water Action) support. We agree that the package is an equitable solution that brings about periodic inspections—not hinged on the transfer of property—but on logical and appropriate triggers.
As Realtors®, you know first-hand that government
mandated point of sale inspections add to the mirage of an additional layer of consumer protection. As buyer-agents, you counsel our clients to obtain a septic inspection as a part of the purchasing process.
If protecting our natural resources is the ultimate goal, government mandated point of sale inspections miss the mark—as they only target properties changing hands and not all property. Meaning, countless systems are failing and going unrepaired due to an inappropriate inspection process that is designed to merely skim the surface.
While a statewide septic code has been highly debated for many years, the package of bills currently before the legislature is the first package our organization has supported, as it provides an equitable solution and protects our environment.
The Oakland County Septic System Study Group will likely release its recommendations for the entire Oakland County Commission to consider later this summer. Be sure to check back here for more details as they become available.
Travis Greer, Director of Realtor® and Community Affairs at GMAR. If you encounter any problems with local governments that you would like us to look into, please feel free to give us a call, 248-306-0787, or send him an email, [email protected].
Metropolitan REALTOR® | 13
F E AT U R E D G O L D S P O N S O R
When is a good time to talk about a mover with your client? When you list your client’s home or when you begin to show them homes. It is never too early to start preparing for the move. MOVING IS NOT A SIMPLE TASK. It takes time and patience. Remember it is years of collecting, saving, memories, and perhaps purging that will be necessary to pack up one home and get them to the next. Time is of the essence. The SOONER we get to meet your client the better prepared they will be for moving day!
YOU are their trusted advisor, the one with the answers, the friend, and perhaps part of the family. Clients expect YOU to have the knowledge on how to get the transaction completed right from the word GO to the final stage of the transaction “the MOVE”.
The Gentlemen of Changing Places Moving are ready to make the moving process less stressful exceeding your clients’ expectations!
OUR SERVICES:• Local, All points Michigan, Out of State and International
moving
• PRIVATELY owned CLIMATE CONTROLLED STORAGE
• FREE in home estimates
• COMMUNICATION with REALTOR referral partner
• Packing, Packing Material, Moving, Storage, Unpacking, and Crating
About Changing Places Moving… We have been a family owned and operated business since 1979, 100% woman owned since 2002. It has become a part of our culture to train our movers to be GENTLEMEN. Changing Places Moving are PROUD members of GMAR, WCR Birmingham Bloomfield, Greater Rochester, 275, and Lakepoint. We proudly support our REALTOR referral partners! We have been voted as one of the best movers in Michigan- PROVIDE your clients with the BEST MOVING SOLUTION, share our information: website at http://changingplacesmovers.com/
Contact: Changing Places Moving ~ 248-674-3937
Email: [email protected]
14 | Metropolitan REALTOR®
R PA C R E P O R T
By TONY SCHIPPAGMAR RPAC Chair 2018
NAR Issue Brief2018 REALTOR Legislative Meetings & Trade Expo Talking Points Summary
Federal Housing IssuesFor more than 100 years, REALTORS® have
subscribed to strict Code of Ethics. In January 2014, an amendment to Article 10 of the Code of Ethics expanded protection against discrimination to include sexual orientation or gender identity. REALTORS® are proud to lead the way toward greater equality in housing opportunities and urges Congress, during the commemoration of the fifty anniversary of the Fair Housing Act, to adopt sexual orientation and gender identity as protected classes in the Fair Housing Act.
Federal Housing Administration condominium regulations were relaxed by the Housing Opportunity Through Modernization Act which was signed into law on July 29, 2016. Unfortunately, FHA was not issued the regulations necessary for full implementation of the law. NAR will continue to work with HUD to ensure that the final rules provide a real improvement in access to condominium financing.
National Flood Insurance Program (NFIP)The House of Representatives passed HR 2874,
“The 21” Century Flood Reform Act.” NAR will urge the Senate to take up HR 2874 immediately to avoid a potential program lapse on July 31, 2018.
Net NeutralityThe business of real estate is increasingly
conducted on-line. Streaming video, virtual tours and voice-over-internet-protocol are just some of the technologies that re commonly used by real estate professionals today. Net neutral practices are essential to ensure that real estate content can be freely and efficiently distributed online. NAR supports legislation that will restore the 2015 Open Internet Order and protect access for real estate content.
Tax Extenders & Tax IndexingNAR supports a permanent extension of the
tax exclusion on mortgage debt forgiveness. NAR supports reauthorization of the 179D Energy Efficient Commercial Deduction. The current provisions that cap the Mortgage Interest Deduction (MID) Loan Limit at $750K, the State and Local Tax (SALT) Deduction at $10K and the maximum exclusion amounts for gain on sale of a principal residence ($250K/$500K), should be indexed to protect against future inflation.
NAR will also support ending the marriage penalty in the SALT deduction cap. Currently single filers and married couples are subject to the same $10K cap.
Metropolitan REALTOR® | 15
Local Market Update – April 2018This is a research tool provided by Realcomp.
GMAR® ReportCovers the Greater Metropolitan Area of Detroit, including but not limited to locales in Lapeer, Macomb, Oakland, Washtenaw and WayneCounties.
Residential April Year to DateKey Metrics 2017 2018 % Change Thru 4-2017 Thru 4-2018 % Change
New Listings 5,716 5,916 + 3.5% 20,196 19,027 - 5.8%
Pending Sales 4,168 4,589 + 10.1% 14,851 14,821 - 0.2%
Closed Sales 3,634 3,376 - 7.1% 12,788 12,065 - 5.7%
Days on Market Until Sale 40 37 - 7.5% 45 42 - 6.7%
Median Sales Price* $154,000 $160,000 + 3.9% $141,000 $152,000 + 7.8%
Average Sales Price* $196,176 $203,024 + 3.5% $183,877 $195,163 + 6.1%
Percent of List Price Received* 97.8% 97.4% - 0.4% 97.0% 97.1% + 0.1%
Inventory of Homes for Sale 10,418 7,601 - 27.0% –– –– ––
Months Supply of Inventory 2.7 2.0 - 25.9% –– –– ––
Condo April Year to DateKey Metrics 2017 2018 % Change Thru 4-2017 Thru 4-2018 % Change
New Listings 982 1,107 + 12.7% 3,423 3,574 + 4.4%
Pending Sales 774 895 + 15.6% 2,781 2,840 + 2.1%
Closed Sales 627 714 + 13.9% 2,434 2,270 - 6.7%
Days on Market Until Sale 33 27 - 18.2% 38 35 - 7.9%
Median Sales Price* $143,500 $155,576 + 8.4% $139,000 $153,500 + 10.4%
Average Sales Price* $163,993 $186,843 + 13.9% $162,212 $180,794 + 11.5%
Percent of List Price Received* 97.4% 98.0% + 0.6% 97.0% 97.7% + 0.7%
Inventory of Homes for Sale 1,341 1,164 - 13.2% –– –– ––
Months Supply of Inventory 1.9 1.6 - 15.8% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - ResidentialRolling 12-Month Calculation All MLS
GMAR® Report
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
$175,000
Median Sales Price - CondoRolling 12-Month Calculation All MLS
GMAR® Report
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
Current as of May 1, 2018. All data from Realcomp II Ltd. Report © 2018 ShowingTime.
16 | Metropolitan REALTOR®
FOR IMMEDIATE RELEASE Statistics Contact: Francine L. Green, Realcomp II Ltd. [248-553-3003, ext. 114], [email protected]
Spring Awakening: Home Median Sale Prices Up 6.6% Low Inventory Still Stalls Sales – Down 2.9% from 2017
Real Estate Market Commentary for April 2018: Many sellers and builders are in a good position for financial gains, as the economy continues to favor putting existing homes on the market and building new homes for sale. We are finally beginning to see some upward movement in new listings after at least two years of a positive outlook. There may not be massive increases in inventory from week to week, but a longer-term trend toward more new listings would be a good sign. Low inventory should continue to create a competitive situation for buyers, causing price increases over the next several months. This winter and spring exhibited unseasonal weather patterns in much of the country. As the seasons change to something more palatable, wages and consumer spending are both up, on average, which should translate positively for the housing market. Being quick with an offer is still the rule of the day as the number of days a home stays on the market drops lower. If that wasn't enough for buyers to mull over with each potential offer, being aware of pending mortgage rate increases is once again in fashion.
Metropolitan REALTOR® | 17
April 2018
Apr-18 Apr-17 % Change Apr-18 Apr-17 % Change Apr-18 Apr-17 % Change Apr-18 Apr-17 % Change
All MLS (All Inclusive) 6,736 6,939 -2.9% $168,500 $158,000 +6.6% 43 47 -8.5% 16,453 21,980 -25.1%
City of Detroit* 373 339 +10.0% $31,500 $25,000 +26.0% 53 52 +1.9% 1,722 1,859 -7.4%
Dearborn/Dearborn Heights* 153 173 -11.6% $132,000 $130,000 +1.5% 27 33 -18.2% 258 487 -47.0%
Genesee County 388 400 -3.0% $135,050 $118,750 +13.7% 54 58 -6.9% 1,025 1,777 -42.3%
Greater Wayne* 1,179 1,251 -5.8% $145,000 $135,000 +7.4% 31 36 -13.9% 1,911 2,953 -35.3%
Grosse Pointe Areas* 76 80 -5.0% $305,000 $293,500 +3.9% 40 49 -18.4% 164 201 -18.4%
Hillsdale County 14 11 +27.3% $147,500 $124,000 +19.0% 116 59 +96.6% 47 54 -13.0%
Huron County 9 8 +12.5% $112,000 $61,750 +81.4% 126 181 -30.4% 55 70 -21.4%
Jackson County 146 140 +4.3% $135,000 $124,900 +8.1% 97 84 +15.5% 674 678 -0.6%
Lapeer County 89 93 -4.3% $172,900 $159,900 +8.1% 62 56 +10.7% 289 384 -24.7%
Lenawee County 93 86 +8.1% $146,250 $138,500 +5.6% 85 84 +1.2% 405 386 +4.9%
Livingston County 247 263 -6.1% $262,500 $245,000 +7.1% 42 43 -2.3% 569 764 -25.5%
Macomb County 1,085 1,126 -3.6% $159,950 $149,900 +6.7% 31 41 -24.4% 1,665 2,469 -32.6%
Metro Detroit Area* 4,437 4,612 -3.8% $177,000 $169,000 +4.7% 35 38 -7.9% 9,287 12,631 -26.5%
Monroe County 133 166 -19.9% $171,000 $150,450 +13.7% 83 95 -12.6% 448 594 -24.6%
Montcalm County 0 2 -100.0% $0 $70,775 -100.0% 0 96 -100.0% 12 15 -20.0%
Oakland County 1,553 1,633 -4.9% $240,000 $229,900 +4.4% 35 34 +2.9% 3,420 4,586 -25.4%
Saginaw County 169 169 0.0% $85,000 $99,850 -14.9% 67 79 -15.2% 444 674 -34.1%
Sanilac County 27 26 +3.8% $118,000 $116,500 +1.3% 100 95 +5.3% 173 208 -16.8%
Shiawassee County 64 66 -3.0% $112,300 $99,950 +12.4% 46 66 -30.3% 166 258 -35.7%
St. Clair County 175 181 -3.3% $155,000 $122,000 +27.0% 61 63 -3.2% 406 674 -39.8%
Tuscola County 37 24 +54.2% $108,000 $67,838 +59.2% 50 79 -36.7% 93 150 -38.0%
Washtenaw County 357 362 -1.4% $275,000 $256,290 +7.3% 29 35 -17.1% 1,108 1,305 -15.1%
Wayne County 1,552 1,590 -2.4% $126,250 $115,000 +9.8% 37 39 -5.1% 3,633 4,812 -24.5%
Listing and Sales Summary Report
* Included in county numbers.
Current as of May 1, 2018. All data from Realcomp II Ltd. This report is not to be reproduced or redistributed without Realcomp's express written consent. Data deemed reliable but not guaranteed. Report © 2018 ShowingTime.
Total Sales (Units) Median Sales Prices Average DOM On-Market Listings (Ending Inventory)
April 2018
Apr-18 Apr-17 % Change Apr-18 Apr-17 % Change Apr-18 Apr-17 % Change Apr-18 Apr-17 % Change
All MLS (All Inclusive) 6,736 6,939 -2.9% $168,500 $158,000 +6.6% 43 47 -8.5% 16,453 21,980 -25.1%
City of Detroit* 373 339 +10.0% $31,500 $25,000 +26.0% 53 52 +1.9% 1,722 1,859 -7.4%
Dearborn/Dearborn Heights* 153 173 -11.6% $132,000 $130,000 +1.5% 27 33 -18.2% 258 487 -47.0%
Genesee County 388 400 -3.0% $135,050 $118,750 +13.7% 54 58 -6.9% 1,025 1,777 -42.3%
Greater Wayne* 1,179 1,251 -5.8% $145,000 $135,000 +7.4% 31 36 -13.9% 1,911 2,953 -35.3%
Grosse Pointe Areas* 76 80 -5.0% $305,000 $293,500 +3.9% 40 49 -18.4% 164 201 -18.4%
Hillsdale County 14 11 +27.3% $147,500 $124,000 +19.0% 116 59 +96.6% 47 54 -13.0%
Huron County 9 8 +12.5% $112,000 $61,750 +81.4% 126 181 -30.4% 55 70 -21.4%
Jackson County 146 140 +4.3% $135,000 $124,900 +8.1% 97 84 +15.5% 674 678 -0.6%
Lapeer County 89 93 -4.3% $172,900 $159,900 +8.1% 62 56 +10.7% 289 384 -24.7%
Lenawee County 93 86 +8.1% $146,250 $138,500 +5.6% 85 84 +1.2% 405 386 +4.9%
Livingston County 247 263 -6.1% $262,500 $245,000 +7.1% 42 43 -2.3% 569 764 -25.5%
Macomb County 1,085 1,126 -3.6% $159,950 $149,900 +6.7% 31 41 -24.4% 1,665 2,469 -32.6%
Metro Detroit Area* 4,437 4,612 -3.8% $177,000 $169,000 +4.7% 35 38 -7.9% 9,287 12,631 -26.5%
Monroe County 133 166 -19.9% $171,000 $150,450 +13.7% 83 95 -12.6% 448 594 -24.6%
Montcalm County 0 2 -100.0% $0 $70,775 -100.0% 0 96 -100.0% 12 15 -20.0%
Oakland County 1,553 1,633 -4.9% $240,000 $229,900 +4.4% 35 34 +2.9% 3,420 4,586 -25.4%
Saginaw County 169 169 0.0% $85,000 $99,850 -14.9% 67 79 -15.2% 444 674 -34.1%
Sanilac County 27 26 +3.8% $118,000 $116,500 +1.3% 100 95 +5.3% 173 208 -16.8%
Shiawassee County 64 66 -3.0% $112,300 $99,950 +12.4% 46 66 -30.3% 166 258 -35.7%
St. Clair County 175 181 -3.3% $155,000 $122,000 +27.0% 61 63 -3.2% 406 674 -39.8%
Tuscola County 37 24 +54.2% $108,000 $67,838 +59.2% 50 79 -36.7% 93 150 -38.0%
Washtenaw County 357 362 -1.4% $275,000 $256,290 +7.3% 29 35 -17.1% 1,108 1,305 -15.1%
Wayne County 1,552 1,590 -2.4% $126,250 $115,000 +9.8% 37 39 -5.1% 3,633 4,812 -24.5%
Listing and Sales Summary Report
* Included in county numbers.
Current as of May 1, 2018. All data from Realcomp II Ltd. This report is not to be reproduced or redistributed without Realcomp's express written consent. Data deemed reliable but not guaranteed. Report © 2018 ShowingTime.
Total Sales (Units) Median Sales Prices Average DOM On-Market Listings (Ending Inventory)
Single-Family Real Estate Quick Comparisons:
• 4% of Residential and Condo On-Market listings are flagged as “lender mediated”. These listings
include foreclosures and those marked as short sales. This percentage is down by 2.1% based on the recalculated percentage for April 2017, which is 6.1%.
o The percentage of lender mediated listings is down by .3% M-O-M (compared to March which was 4.3%.
18 | Metropolitan REALTOR®
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Abernethy, Lucy - Berkshire Hathaway Home Service Loft
Aguwa, Godfrey - Century 21 Premier
Alongi-Schuman, Rina - Realty Executives America
Alshabi, Leoon - CB Prime, LLC
Amona, Hosam - Creative Real Estate Agency Inc.
Anton, Lisa - National Realty Centers
Bains, Jagandeep - Real Estate One, Inc.
Bast, Walid - Forum Properties, LLC
Ben-Ezra, Phillip - Property Solutions Plus
Bernier, Ellen - Moceri Development Corporation
Beshara, Fredrick - Andrews Realty Group
Bitto, Louis - Real Living Kee Realty Clinton
Blair, Dianna - Keller Williams Lakeside
Briley, Kimberly - Moceri Development Corporation
Brooks, Enisha - Tyraa Nicole Properties, LLC
Brown, Thomas - Real Estate One Livonia
Byers, Jeremiah - Colburn McDonald & Associates
Carter, Ciera - Downtown Realty
Carter, Diane - Coldwell Banker Professionals
Cataldo, Russell - ION Real Estate
Coffin, Maria - Carrington Real Estate Services
Coit, Sakennia - Keller Williams Roch. Ste.A
Combs-Simpson, April - Keller Williams Royal Oak Market
Costa, Amanda - Real Estate One, Inc.
Cranford, Kimberly - Keller Williams Realty
Culaj, Silvana - Keller Williams Realty West Bloomfield MC
Dagher, Mohamed - Capital 1 Real Estate, Inc.
Davis, Jason - EXP Realty LLC
Dawson, Consiglia - Berkshire Hathaway Home Services
Diamond, Janette - Real Estate One Farm. Hills
Dick, Samantha - Alexander Real Estate Services
Doss, Letitia - Keller Williams Realty West Bloomfield MC
Duff, Mark - Moving The Mitten RE Group
Duleba, Joseph - Coldwell Banker Preferred, Realtors®
Edmonson, Anthony - Real Estate One Livonia
Faulkner, Nicole - Coldwell Banker Preferred, Realtors®
Faulkner, Wesley - Clients First, Realtors®
Faust, Courtney - Coldwell Banker Weir Manuel
Fedirko, Steven - Birmingham Market Center
Finn, Jennifer - Colburn McDonald & Associates
Fiscelli, Lynne - RE/MAX Suburban, Inc.
Flaherty, Christine - RE/MAX Dream Properties
Fleming, Khalifa - Keller Williams Central
Foody, Scott - National Realty Centers Northv
Frostic, Bradford - Keller Williams Realty Troy Market Center
Galloway, Tracy - RE/MAX Classic
Garner, J Louis - All-Pro Realty LLC
George, Dominic - Keller Williams Realty Central
Gibbons, Hanoe - KW Professionals
Glenfield, Thomas - Real Estate One, Inc.
Goss, Kathleen - Kathleen Goss
Gresham, Major - Real Estate One Plymouth
Griffin, Anthony - EXP Realty LLC
Hatcher, John - Advantage Realty
Hennigar, Melissa - Advantage Realty
Hildebrandt, Nancy - KW Professionals
Hoffman, Randy - Real Living Kee Realty
Hull, Sheri - 3DX Real Estate, LLC.
Jakeway, Kyle - Century 21 Riverpointe
Jasgur, Cortney - Home Realty Partners
Jewell, Paula - Real Estate One
Jones, Lawrence - Keller Williams Roch. Ste.A
Kacarka, Kenneth - RE/MAX Advisors
Kalasho, Oliver - Real Estate One Farm. Hills
Kalte, Nicholas - Clients First, Realtors®
Khattatan-Waxer, Yalda - Coldwell Banker Preferred
Koscielny, Wanda - KW Professionals
Lasco, Jennifer - Jennifer Lasco Real Estate
Leeland, Noel - National Realty Centers
Little, Melissa - Keller Williams Realty West Bloomfield MC
Lok, Jason - Birmingham Market Center
Luttrell, Morgan - EXP Realty LLC
Marable, Roger - L & R Realty & Inv. Co. Inc.
Martin, Christopher - Braven Enterprises LLC
Mashike, Elizabeth - Vision Realty Centers, LLC
McGee, Reata - Keller Williams Roch. Ste.A
McKinnon, Cheryl - 3DX Real Estate, LLC.
Morgan, Leslie - KW Advantage
Muhammad, Maria - Keller Williams Royal Oak Market
Muller, Michael - Van Esley Real Estate
Mumbiro, Julia - Keller Williams Roch. Ste.A
Nasrallah, Hassan - Coldwell Banker Preferred, Realtors®
Ogle, Thomas - Real Estate One Gardner
Petitpren, Kelley - RNR Real Estate LLC
Petrovski, Novica - Property Marketplace
Pfeffer, Peter - Birmingham Market Center
Randall, Andrea - EXP Realty LLC
Rawson, Lucy - KW Professionals
Reaume, Jennifer - Re/Max Cornerstone
Ritzert, Ryan - KNE Realty 360
Rizqalla, Ibrahim - KW Advantage
Rumsas, Edward - Key Realty One LLC
Sampson, Santahra - Caldwell Realty Group LLC
Sanios, Vasilios - RE/MAX Eclipse
Sanker, Kevin - KDS Realty Group, LLC
Sape, Pamela - Real Living Kee Realty Clinton
Schlaf, Andres - Dwellings by Rudy & Hall
Schlau, Anna - Alexander Real Estate Services
Shepherd, Adam - Real Living Kee Realty
Sitko, Robin - RE/MAX Eclipse
Skiver, Daniel - RE/MAX Home Sale Service
Smith, Garett - Coldwell Banker Town & Country Milford
St. Andrew, Jackie - RE/MAX Classic
Steiner, Brandi - Remerica United Realty
Stepnioski, Richard - RE/MAX Vision
Stevenson, Bianca - Max Broock, REALTORS, Birmingham
Sulabelle, Bharathi - Real Living Kee Realty
Teasley-Daniel, Jalesa - Market Elite Inc.
Thomas, Sandra - Keller Williams Realty West Bloomfield MC
Thrift, Pamela - Century 21 Premier
Tosto, Jennifer - KW Advantage
Traczuk, Hayley - Keller Williams Realty West Bloomfield MC
Wertman, Tracey - Mitten Realty Group
West, Christopher - MCD Real Estate Division
Williams, Lakishia - Pro Realty, LLC
Williams, Pastella - World Class Realty
Winston, Latonda - Keller Williams Realty West Bloomfield MC
Woods, Shashana - Keller Williams Realty West Bloomfield MC
Yarber, Kyra - Keller Williams Realty Ann Arbor Market Center, Inc.
Younes, Hollie - KW Advantage
We Couldn’t Do It Without You
N E W M E M B E R S
Welcome, New Members!
THANK YOU ORIENTATION SPONSORS FOR THE MONTH OF MAY 2018:
RICHARD LINNELLLinnell & Associates
NICOLE VANTRIENTitle Connect, LLC
Metropolitan REALTOR® | 19
LEGAL UPDATE SEMINAR CE Credits: 2 legalThursday, June 410:00 a.m. – 12:00 p.m. (9:30 a.m. registration)Livonia Library32777 Five Mile Road, Livonia, MIFREE, Membermax & EduPass$20 Members$25 Non-Members
AGENT 101 YOU DON’T KNOW WHAT YOU DON’T KNOWCE Credits: 4 legalTuesday, June 510:00 a.m. – 2:00 p.m.GMAR ClassroomInstructor: Deanna DuRusselFREE, Membermax & EduPass$10, Members$40, Non-Members
NEW MEMBER ORIENTATIONCE Credits: 3 standardWednesday, June 69:00 a.m. - 12:30 p.m.GMAR Classroom
E-PRO® CERTIFICATIONCE Credits: 8 standard Tuesday, June 128:30 a.m. – 5:00 p.m. (registration 8:15)GMAR ClassroomInstructor: Furhad WaquadFREE, Membermax & EduPass$99, Members $119, Non-Members
NEW MEMBER ORIENTATIONCE Credits: 3 standardWednesday, June 139:00 a.m. - 12:30 p.m.GMAR Classroom
MASTERING THE TRANSACTIONS FROM A-ZCE Credits: 2 standard, 1 legalThursday, June 149:00 a.m. – 12:00 p.m.GMAR Classroom
CODE OF ETHICS TRAININGCE Credits: 3 standardTuesday, June 199:00 a.m. – 12:00 p.m.1:00 p.m. – 4:00 p.m.GMAR ClassroomInstructor: Deanna DuRusselFREE, Membermax & EduPass$10 Non- Members
SENIOR REAL ESTATE SPECIALIST DESIGNATION (SRES)CE Credits: 11 standard, 2 legalWed. & Thurs., June 20 & 219:00 a.m. – 5:00 p.m. GMAR Classroom Instructor: Brent BeleskyFREE, Membermax & EduPass$350, Members $399, Non-Members
SELLER REPRESENTATIVE SPECIALIST DESIGNATION (SRS)CE Credits: 13 standard and 2 legalTue. & Wed., June 26 & 279:00 a.m. – 5:00 p.m. GMAR ClassroomInstructor: Deanna DuRusselFREE, Membermax & EduPass$195, Members $225, Non- Members
COURSE 1900-2/4 STANDARD CONTINUING EDUCATIONCE Credits: 6 legalThursday, June 289:00 a.m. – 3:00 p.m.GMAR ClassroomInstructor: Deanna DuRusselFREE, Membermax & EduPass$50, Members $60, Non-Members
UPCOMING EVENTSREGISTER HERE
JUNE 2018
20 | Metropolitan REALTOR®
Metropolitan REALTOR® | 19Metropolitan REALTOR® | 21
$228,100Amount of monies collected
and disbursed to variouslocal Macomb County charities
8,579Total number of run/walk
race participants
3Number ofchurches who have
volunteered tocoordinate and
support the eventImmanuel Lutheran ChurchSt. Isidore Catholic ChurchSt. Peter Lutheran Church
27Number of local Macomb County charities
that have been the recipient of the proceedsAbigayle Ministries
Angels of HopeBene�ts4Kids
CARE of SE MichiganCassie Hines Shoes Cancer Foundation
Compassion PregnancyEpilepsy FoundationFutures Foundation
Good Shepherd CoalitionHope Center in Macomb
Leadership Macomb - Junior ProgramLutheran Child & Family Service of MI
Macomb Charitable FoundationMacomb Food Program
Macomb Intl Service CenterMacomb Literacy Partners
MCRESTMGA Detroit
MISD Homeless Education ProjectNew Day Foundation
Resolution CenterSt. Vincent de Paul
Shelby Life SkillsTeam Angels
Trinity Community CareTrinity Lutheran Social Ministries
Vets Returning Home
RUN THE PLANK:3 MILES OF FAITH
5K Run/WalkSaturday, June 30, 2018
Register at runtheplank.comImmanuel Lutheran Church • St. Isidore Catholic Church • St. Peter Lutheran Church
1The most important person - YOU. Without YOU,
none of this would have been possible.We say THANK YOU for your
participation and continued support.
register at runtheplank.comSelect “GMAR” under
“How did you hear about the run?”
Join GMAR as we
RUN THE PLANK
Saturday, June 30, 2018 | 7:45 AMRomeo Plank, Macomb, MI 48044
COST• $30 before 6/8• $35 between 6/9-6/21• $40 after 6/21• children under 4 free
WHATS INCLUDED• GMAR T-Shirt• Run the Plank T-Shirt• Pasta Lunch/Dinner on 6/29• Swag Bag• Wristband for Local Business Discounts• Medal with Lanyard• Free admission to the Family Fun Fitness Fair
after the race that includes food and drinks
gm
22 | Metropolitan REALTOR®
Course 1900-2/4 Continuing
Education Courses
Topics Covered:
Michigan Laws & Rules Update
Real Estate Related Case Law
Federal Laws & Rules Update
Historic Michigan Case Law
MemberMax/EduPass: FREE! GMAR Members: $50.00
Non-Members: $60.00
Call (248) 478-1700 Online at GMARonline.com
6 Legal CE Credits
Class Location: 24725 W. 12 Mile Rd., Suite 100
Southfield, MI
Class Times: 9:00 a.m. - 3:00 p.m.
DATE OF COURSE INSTRUCTOR
Thursday, June 28, 2018 Deanna DuRussel
Tuesday, July 10, 2018 Bart Patterson
Tuesday, July 24, 2018 Bart Patterson
Thursday, August 23, 2018 Bart Patterson
Tuesday, September 25, 2018 Jeff Benjamin
Monday, October 15, 2018 Claudia Cauley
Wednesday, October 31, 2018 Brent Belesky
Tuesday, November 13, 2018 Brent Belesky
DEADLINE TO COMPLETE CONTINUING EDUCATION IS October 31, 2018
THIS COURSE DOES NOT MEET THE NAR CODE OF ETHICS REQUIREMENT.
GMAR reserves the right to assess a $10 fee for any registrant who does not cancel at least 24 hours prior
or to those who do not attend the event.
Topics to be discussed:
Any Duty to Disclose?
Common Corporate Questions
Earnest Money Deposits and Failed Transactions
FIRPTA Affidavits—A New Twist CFPB—Where are they now?
Legal Liability Update
Examples of Some Pitfalls of Buying Property at Online Auctions
REGISTRATION: 9:30 A.M. SEMINAR: 10:00 A.M. - 12:00 P.M.
2018 Legal Updates:
Advertising Rules – Before and After
Promotional Incentives
Marihuana and Real Estate
Maintaining Your Corporate Shield
Escalation Clauses
a. Limit the financial exposure by adding a
“not to exceed” amount;
b. Eliminate “fake” offers by adding the words “bona fide” and “good faith;”
c. Make increase of offer contingent upon being provided a preapproval letter from the lender of the second buyer;
d. Make increase of offer contingent upon concessions and other separate consideration.
Working with FSBOs
June 4, 2018 9:30 a.m. Registration
10:00 a.m..- 12:00 p.m. Class
Livonia Civic Center Library
32777 Five Mile Road, Livonia , Michigan
MemberMax/EduPass: FREE! GMAR Members: $20.00
Non-Members: $25.00
Call (248) 478-1700 Online at GMARonline.com
Legal Update Seminar
2 Legal CE Credits
GMAR reserves the right to assess a $10 fee for any registrant who does not
cancel at least 24-hours prior or to those who do not attend the event.
Presented by:
Brian Westrin, Esq. Michigan REALTORS
Public Policy & Legal Affairs Director
Brad Ward, Esq.
Michigan REALTORS VP of Public Policy &
Legal Affairs
Topics to be discussed:
Any Duty to Disclose?
Common Corporate Questions
Earnest Money Deposits and Failed Transactions
FIRPTA Affidavits—A New Twist CFPB—Where are they now?
Legal Liability Update
Examples of Some Pitfalls of Buying Property at Online Auctions
REGISTRATION: 9:30 A.M. SEMINAR: 10:00 A.M. - 12:00 P.M.
2018 Legal Updates:
Advertising Rules – Before and After
Promotional Incentives
Marihuana and Real Estate
Maintaining Your Corporate Shield
Escalation Clauses
a. Limit the financial exposure by adding a
“not to exceed” amount;
b. Eliminate “fake” offers by adding the words “bona fide” and “good faith;”
c. Make increase of offer contingent upon being provided a preapproval letter from the lender of the second buyer;
d. Make increase of offer contingent upon concessions and other separate consideration.
Working with FSBOs
June 4, 2018 9:30 a.m. Registration
10:00 a.m..- 12:00 p.m. Class
Livonia Civic Center Library
32777 Five Mile Road, Livonia , Michigan
MemberMax/EduPass: FREE! GMAR Members: $20.00
Non-Members: $25.00
Call (248) 478-1700 Online at GMARonline.com
Legal Update Seminar
2 Legal CE Credits
GMAR reserves the right to assess a $10 fee for any registrant who does not
cancel at least 24-hours prior or to those who do not attend the event.
Presented by:
Brian Westrin, Esq. Michigan REALTORS
Public Policy & Legal Affairs Director
Brad Ward, Esq.
Michigan REALTORS VP of Public Policy &
Legal Affairs
Agent Topics:
Agent Referrals
Car Insurance
Checklists
Commercial Property
E & O Insurance
Grievances
Personalized Marketing Materials
Presentations buyers/sellers
Title Insurance & Title Companies
Forms
Agent 101:Agent 101: You Don’t Know What You Don’t KnowYou Don’t Know What You Don’t Know
Both Parties of the Transaction:
Appraisals
Closing
Traditional vs. Designated
Escrow Accounts
Final Walk-Through
Home Warranties
Closing Document
Mutual Release
Purchase Agreements
Transaction Coordinator
Buyer Focus:
Bill of Sale
Buyer Broker Agreements
Closing Costs, Pre Paids & Escrow
EMD
Home Inspection
HUD Homes/Bank Owned
New Construction
Pre-Approval
Preview Appointments
PMI
Seller Focus:
Certificate of Occupancy
Listing Package Paperwork
Mortgage Payoff
Open House
Sellers Disclosure Stmt
Transfer Taxes
4 Legal CE Credits
June 5, 2018 9:45 a.m. Registration
10:00 a.m. - 2:00 p.m. Class
24725 W. 12 Mile, Suite 100, Southfield, MI 48034
MemberMax/EduPass: FREE! GMAR Members: $10.00
Non-Members: $40.00
Call (248) 478-1700 Online at GMARonline.com
Presented by:
DEANNA DURUSSEL ABR, SRS, RENE, PSA, SFR
GMAR reserves the right to assess a $10 fee for any registrant who does not cancel at least 24 hours prior
or to those who do not attend the event.
Agent Topics:
Agent Referrals
Car Insurance
Checklists
Commercial Property
E & O Insurance
Grievances
Personalized Marketing Materials
Presentations buyers/sellers
Title Insurance & Title Companies
Forms
Agent 101:Agent 101: You Don’t Know What You Don’t KnowYou Don’t Know What You Don’t Know
Both Parties of the Transaction:
Appraisals
Closing
Traditional vs. Designated
Escrow Accounts
Final Walk-Through
Home Warranties
Closing Document
Mutual Release
Purchase Agreements
Transaction Coordinator
Buyer Focus:
Bill of Sale
Buyer Broker Agreements
Closing Costs, Pre Paids & Escrow
EMD
Home Inspection
HUD Homes/Bank Owned
New Construction
Pre-Approval
Preview Appointments
PMI
Seller Focus:
Certificate of Occupancy
Listing Package Paperwork
Mortgage Payoff
Open House
Sellers Disclosure Stmt
Transfer Taxes
4 Legal CE Credits
June 5, 2018 9:45 a.m. Registration
10:00 a.m. - 2:00 p.m. Class
24725 W. 12 Mile, Suite 100, Southfield, MI 48034
MemberMax/EduPass: FREE! GMAR Members: $10.00
Non-Members: $40.00
Call (248) 478-1700 Online at GMARonline.com
Presented by:
DEANNA DURUSSEL ABR, SRS, RENE, PSA, SFR
GMAR reserves the right to assess a $10 fee for any registrant who does not cancel at least 24 hours prior
or to those who do not attend the event.
8 elective credits
June 12, 2018 8:45 a.m. Registration
9:00 a.m. – 5:00 p.m. Class
24725 W. 12 Mile, Suite 100, Southfield, MI
Presented by:
FURHAD WAQUAD
CIPS, ABR, CRS, GRI, SFR BPOR, TRC, AHWD
GMAR reserves the right to assess a $10 fee for any registrant who does not cancel at least 24 hours prior
or to those who do not attend the event.
MemberMax/EduPass: FREE! GMAR Members: $99.00 Non-Members: $119.00
Call (248) 478-1700 Online at GMARonline.com
Meets NAR Code of Ethics requirement of 2.5 hours
All courses held at GMAR, 24725 W. 12 Mile, Suite 100, Southfield, 48034 Name: _________________________________________ Lic. #: _____________________
Are you a member of GMAR? YES NO If not, where? _________________________
Company: ______________________________________ Phone: ____________________
Email Address: ______________________________________________________________
V/M/D/AMEX#: __________________________________ Exp: ___________ CCV: _______
Signature: _______________________________________________________________
REGISTRATIONS MUST BE RECEIVED BY GMAR AT LEAST 24 HOURS IN ADVANCE, OR YOU MAY NOT BE GUARANTEED A SEAT.
REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time by December 31, 2018. The training must meet specific learning objectives and criteria established by the National Association of REALTORS®.
The current cycle will end December 31, 2018.
Failure to comply with this required ethics training is a violation of a membership duty for which the member's primary association will suspend membership until the training is complete.
CODE OF ETHICS
FREE GMAR Members | $10.00 Non-Members APPROVED FOR 3 ELECTIVE CONTINUING EDUCATION CREDITS!
June 19, 2018 9:00 am– 12:00 pm 1:00 pm– 4:00 pm
July 25, 2018 9:00 am– 12:00 pm 1:00 pm– 4:00 pm
August 9, 2018 9:00 am– 12:00 pm 1:00 pm– 4:00 pm
August 27, 2018 9:00 am– 12:00 pm 1:00 pm– 4:00 pm
September 10, 2018 9:00 am– 12:00 pm 1:00 pm– 4:00 pm
October 17, 2018 9:00 am– 12:00 pm 1:00 pm– 4:00 pm
November 22, 2018 9:00 am– 12:00 pm 1:00 pm– 4:00 pm
CODE OF ETHICS
June 20 & 21, 2018 8:45 a.m. Registration
9:00 a.m. – 5:00 p.m. Class
24725 W. 12 Mile, Suite 100, Southfield, MI 48034
MemberMax/EduPass: FREE! GMAR Members: $350.00
Non-Members: $399.00
Call (248) 478-1700 Online at GMARonline.com
Presented by:
BRENT BELESKY SRES, MRP
GMAR reserves the right to assess a $10 fee for any registrant who does not cancel at least 24 hours prior
or to those who do not attend the event.
The largest and wealthiest buyer’s group in the country is made up of Baby Boomers. Understand what motivates this mature demographic and make your business boom with an SRES® designation.
DESIGNATION REQUIREMENTS Successful completion of the two-day SRES® Designation course. Maintain active membership in the National Association of REALTORS®. Maintain an active membership in the SRES® Council. New Designees receive one-year membership in the Seniors Real Estate Council FREE. Annual dues are $99 each year thereafter.
11 standard & 2 legal Meets NAR Code of Ethics requirement of 2.5 hours
June 26 & 27, 2018 8:45 a.m. Registration
9:00 a.m. – 5:00 p.m. Class 24725 W. 12 Mile, Suite 100, Southfield, MI
MemberMax/EduPass: FREE! GMAR Members: $195.00
Non-Members: $225.00
Call (248) 478-1700 Online at GMARonline.com
Presented by: DEANNA DURUSSEL ABR, SRS, RENE, PSA, SFR
13 elective and 2 legal credits Meets NAR Code of Ethics requirement of 2.5 hours
GMAR reserves the right to assess a $10 fee for any registrant who does not cancel at least 24 hours prior
or to those who do not attend the event.
