DMAR Digest | Week of April 19
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DMAR Opposes Denver Long-Term Rental Registration, Licensing and Inspection Proposal.
As you may be aware, City Council President Stacie Gilmore is proposing legislation that would require registration, licensing and inspection of long-term rentals (30+ days) in the City & County of Denver. This proposal would apply to mom and pop landlords with one property all the way up to institutional owners with hundreds of units.
We would encourage our members to reach out to Council President Gilmore and her Chief of Staff at Stacie.Gilmore@denvergov.org and Magen.Elenz@denvergov.org. We would ask that you please copy Peter Wall, DMAR’s Director of Government Affairs on all correspondence to their council office. Peter’s email is pwall@dmarealtors.com. Furthermore, we would encourage you to get in touch with the other members of City Council. Their contact info can be found by clicking on this link.
Quote of the week
"Make every detail perfect and limit the number of details to perfect."
Jack Dorsey, American businessman, CEO of Twitter
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[FREE] April 29: Special Connect | Find Your Digital Voice for 2021 Real Estate Business
With all the change happening in social media and NAR Code of Ethics, many REALTORS® find themselves vapor-locked on what they can or cannot say online. However, with the surge in digital platforms, REALTORS® must use these tools correctly as part of a future-proof business. Join us for a special Connect and get some risk-management tips from the Pennsylvania Association of REALTORS® General Counsel Hank Lerner, plus REALTOR® and personal brand management tricks from NAR Consumer Campaign partners Cammy Keiler and Danielle Farrugia of HAVAS, then some frank advice on how not to be a jerk and find your online voice with Leigh Brown. RSVP Here
Long-term rental licenses for Denver’s landlords going in front of a council committee
The concerns: First, there’s the cost: more than $430,000 to phase in the new licensing program by the end of 2024, Gilmore said, on top of an unknown amount in the years following. The proposal also creates several concerns for landlords, according to Colorado Landlords Association President William Bronchick. Read More
Excellence Awards 2021 Goes Virtual | Post-Event Materials
Thank you so much to everyone who participated in this special celebration. Despite the obstacles, this year's Excellence Awards was one of our best ever! You can now look back at the highlights on our website. Watch the event recap, view the winners, scroll through the photos and watch Tom Ferry's FULL keynote speech. Read More
DMAR's 43rd Annual Excellence Awards Honors 2020 Top Agents
The Denver Metro Association of REALTORS® (DMAR) – an organization comprised of over 7,000 real estate professionals and The Voice of Real Estate® in the Denver metro area – hosted its 43rd Denver Metro Association of REALTORS® Excellence Awards event on April 8, 2021. The annual event, held virtually this year, is the summit of real estate achievement in metro Denver recognizing the highest-performing and most inspiring REALTORS® from 2020. Read More
City and County Market Trends Reports | APR. '21
Quick look at City and County Market Trends Reports featuring March data. These 48 downloadable reports are comprehensive and a fantastic member benefit. Download all the reports with one click below. Read More
Biden Administration to Reinstate Fair-Housing Policies Dismantled Under Trump—Including One Aimed at Combating Residential Segregation
On Tuesday, the Department of Housing and Urban Development submitted draft versions of the fair-housing rules to the Office of Management and Budget for review. The move comes months after President Joe Biden issued a memorandum directing the department to review all rule-making that occurred under the Trump administration as it related to the Fair Housing Act. Read More
U.S. Foreclosure Activity Continues to Increase Despite Government Moratorium
ATTOM Data Solutions, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), today released its Q1 2021 U.S. Foreclosure Market Report, which shows there were a total of 33,699 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — during the first quarter of 2021, up 9 percent from the previous quarter but down 78 percent from a year ago. Read More
Selling your home? List it midweek
A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based on homes sold above their list price from July 2020 through February 2021. And they sell faster, too. Read More
The Guide to Escalation Clauses in Real Estate
Of course, providing an escalation addendum may be an additional strengthening factor to an offer that appeals to the seller in other forms. "You're going to want to be competitive in almost every facet (of your offer)," says Nobu Hata, CEO of the Denver Metro Association of REALTORS®. 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.
RentSpree: Fast, free & secure electronic tenant screening
RentSpree is free of charge for agents, brokers and landlords – renters pay only the fee for a soft credit check that will not impact their credit score. No more paperwork, no more chasing down application fees, no more exposure to applicant SSNs. Learn More
Meet Your Industry Partners | This Wednesday
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
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
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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