DMAR Digest | Week of April 12

Check out the featured content, get the scoop with top news stories from the blog, mark your calendar for upcoming events & classes and catch up with the most buzz-worthy social posts from your Association.

Must read

SentriLock Update

It's time to renew your SentriLock service. Your annual fee is $105.77 and the billing period is May 2021 through May 2022. If you do not renew by May 13, 2021, your account will be suspended. Please search your inbox for an email from notice@sentrilock.com.

SPECIAL OFFER

If you currently own an NXT lockbox, you can upgrade to a Bluetooth model and get 15% off. This is a one-to-one exchange, so you can swap out as many NXT lockboxes as you own and get 15% off each new Bluetooth model.

APP LIKE A REALTOR®

Whether you own a SentriLock lockbox or not, the SentriKey® Real Estate app offers ease of access, superior organization, agent safety features and more! Our staff of experts is here to get you started quickly and easily. Give us a call at 303-756-0553 to set up your app today!

REMINDER

Beginning January 1, 2022, you will no longer be able to use a SentriCard to open the key compartment on a SentriLock lockbox. Be sure to download the SentriKey® Real Estate app.

Quote of the week

"Becoming is better than being."

Carol Dweck, American psychologist, professor and author

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Congratulations to our Excellence Awards Winners!

On Thursday, April 8th, we hosted our 43rd annual Excellence Awards. Hundreds of attendees Zoomed in for our first-ever virtual awards show that celebrated winners across six different categories and included an amazing presentation by our keynote speaker and #1 ranked real estate coach Tom Ferry. If you missed out or if you just want to relive the highlights you can view the complete list of 2021 winners on our site and a video recording of Tom Ferry will be posted soon - stay tuned! Read More

Register for our FREE DMAR Connect on April 16th

Want to know how to build a rock star real estate team? Join us for our April DMAR Connect and find out how to build a dream team your way! You'll have a chance to hear from three top-producing entrepreneurs who have all built successful real estate teams and profitable businesses. There are different paths to building a real estate business so if you're interested in taking your business to the next level by creating a successful team now is your chance to learn from the pros. FREE RSVP Here

Real Trends April Newsletter | compliments of DMAR

The monthly REAL Trends newsletter features commentary from Steve Murray on the state of real estate and forward-thinking articles from guest contributors such as Larry Kendall of Ninja Selling and Sue Johnson, former CEO of RESPRO. These articles originally appeared in the April 2021 issue of the REAL Trends Newsletter and are reprinted with permission of REAL Trends, Inc. Copyright 2021. Read More

Home sellers are feeling good about 2021

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days. Read More

Why Denver Home Price Growth May Finally Slow in 2021

A just-issued study reports that home price growth nationwide reached a fifteen-year peak in February; of twenty major cities surveyed, Denver has seen costs rise the most over that span. But while metro area prices are predicted to keep going up over the course of 2021, the rate of increase is expected to slow down considerably from the record-setting pace currently scorching the housing market in the Mile High City. Read More

How Denver is chipping away at the Inverted L: housing and trees edition

Denver’s Inverted L paints with a broad stroke where inequities persist in our city. It doesn’t seem to be going anywhere, at least anytime soon, but we wanted to know what it would take to get rid of the L using magic wands or, you know, policies and funding. Read More

Americans Think It’s Better to Invest in Housing Than the Stock Market—Here’s Why

A new study from the Federal Reserve Bank of New York examined consumer preferences toward being a homeowner and how their attitudes have changed over the course of the COVID-19 pandemic. Survey participants were asked to rate which was the better investment — a home or financial assets such as stocks — and what factors contributed to their choice. Read More

Latest Denver-area housing market stats: Median single-family home price reaches $560K

The rise in available for-sale housing that typically accompanies the transition from February to March failed to materialize in the Denver metro this year, as buyer demand continued to outstrip supply, according to the latest monthly report from the Denver Metro Association of REALTORS®. Read More

Denver Metro Area Home Prices Reach an Average of $674k

Home prices in the Denver Metro Area have reached a new high according to the market trends report from the Denver Metro Association of REALTORS®. The average price for a detached single-family home is currently $674,900. The April report shows that prices have increased 6.72 percent from the prior month and a total of 19.3 percent from last year. A total of 3,272 detached single-family homes were closed in the month of March with an average of 15 days on the MLS. Read More

Resources and services

DMAR staff is working remotely and still available to assist you by phone or email. If you are looking to reach a specific department or staff person, please refer to the staff directory here, or contact our main line at 303-756-0553 or email help@dmarealtors.com

REALTOR® Store - Contactless Pick-Up

We are currently offering contactless pick-up (by appointment only) for all REALTOR® Store purchases. Please view our inventory below and then call one of our four locations to place an order. We will take payment over the phone and schedule a time for you to pick-up your order. Thanks for shopping with us! Learn more

Maximize Your Repeat and Referral Business with Homebot [Video]

Want to stay top of mind without annoying your clients? Of course you do! Homebot helps you provide useful information to your clients when they want it and drives conversations that lead to new transactions. Read More

100% digital earnest money powered by Earnnest! [Video]

Earnnest is the largest digital earnest money service in the United States, allowing your homebuyers to deposit funds directly to an escrow holder. Connected to every bank across the nation, Earnnest saves you and your clients time, while replacing the hassle and risk of checks or wire transfers. Request payments from your homebuyers — at any time, from anywhere. Watch Here

Meet Your Industry Partners | April 21

If you're looking to build your real estate connections and polish your networking skills join us for a meet-and-greet with DMAR Industry Partners (i.e. fellow real estate professionals including lenders, title reps, roofers, photographers and more!). This is your chance to make connections and build your industry relationships for maximum success in your business. RSVP here

Industry partner spotlight

Industry Partner Members: Step into the Spotlight!

TI Services / CompareTitleCompanies.com Educational Article  Brokers, when recommending and ordering your clients’ title insurance & closing services, are you requesting a Closing Protection Letter (CPL) for their transaction? Division of Insurance Regulation 8-1-3, addresses how title companies can issue CPLs upon request to lenders, buyers and sellers providing the following key protections:

  • Loss due to fraud, theft, dishonesty, misappropriation of funds, or the mishandling of documents, and
  • Loss due to failure to comply with the closing instructions of the lender as provided for by the terms of the CPL.

Lenders have always requested CPLs, providing them additional protections during the closing process. Likewise, it’s important that your sellers and buyers are equally protected during the closing process. Understand, your real estate commissions may also be at risk. Visit CompareTitleCompanies.com for more information, or just ask your Title Company / Title Representative about CPLs. 

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Just for you

Three Tier Benefits | CyberPolicy®

As a member of DMAR, you also gain access to member-only benefits and services from the Colorado Association of REALTORS® (CAR) and the National Association of REALTORS® (NAR).

New Cyber Liability Insurance Member Benefit NAR Member Exclusive! Protect your real estate business with a customized and comprehensive cyber liability insurance program created for REALTOR®-owned brokerages. Designed to meet the unique needs of real estate professionals, you have access to preparedness tools, premium discounts and specialized coverage, with support to help quickly restore your business if a cyber attack or fraud occurs. This coverage extends beyond the broker to include clients and is unique to this program.

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