Quarterly Member Report | 2024 Q1

Download your report to see highlights from January, February and March.

Download the 2024 Q1 Report

Q1 Highlights

JANUARY

  • We kicked off the new year with our annual DMAR Economic Summit featuring Elliot Eisenberg, President & Chief Economist for GraphsandLaughs, LLC; Meredith Moon, Chief Economist and Director of Economic Competitiveness, Metro Denver Economic Development Corporation; Mike Kboudi, Executive Managing Director at Cushman & Wakefield; Libby Levinson-Katz, Chair of the DMAR Market Trends Committee and Nicole Rueth, SVP of The Rueth Team of Movement Mortgage.
  • Following our Economic Summit, we hosted three Economic Outlooks, localized spinoffs of our Summit. On January 17, 2024, we presented our Jefferson + Adams Update; January 30, 2024, featured our Aurora + Denver South Update; and on January 31, 2024, we offered the Castle Rock, Parker + Elbert Update.
  • We're thrilled to announce that three of our members were included in the 2024 Leadership Rankings, the Power 200, which recognizes the most influential leaders in the residential real estate brokerage industry as of December 31, 2022. Congratulations to Chad Ochsner, Broker-Owner of RE/MAX Alliance; Scott Webber, Chairman and CEO of Majestic Realty Collective; and Stacie Staub, Co-Founder and CEO of West + Main Homes.
  • DMAR President, Jen Routon, made her debut as a contributor in HousingWire with her article titled “2024 is not the year to cut corners on staging - here’s why.”

FEBRUARY

  • In February, DMAR CEO Brendan Bailey and DMAR member Piper Knoll were honored with induction into the CAR Hall of Fame. Their lifetime RPAC investments exceeding $25,000 showcase unparalleled dedication to safeguarding our industry and homeownership rights.
  • DMAR Treasurer, Lisa Nguyen, rightfully earned a spot on RIS Media’s 2024 list of Real Estate Newsmakers under the “Crusaders” category. This recognition celebrates real estate professionals with a passion for causes greater than themselves.
  • On February 9, 2024, we organized our annual Chili Cook-Off for a Cause fundraiser, raising an incredible $1,200 for our charitable foundation, DMAR Gives.

MARCH

  • We hosted our 46th Annual Excellence Awards on March 7, 2024 at the Seawell Ballroom at the DCPA with winners across six different categories, and over 35 awards given out. This year, the Social Media Impact Award was created to recognize members who are committed to guiding and supporting clients through the lens of social media. Kelsea Imanuel from milehimodern was the first to win the award.
  • Moreover, at this year's Excellence Awards, we raised $11,684 to support and protect the real estate industry and homeowner rights through RPAC investments! Additionally, we welcomed two new Sterling R investors for the year: Amanda Fein and Anne Dresser Kocur.
  • On March 12, 2024, we hosted our Industry Partner Insider event featuring speakers Andrew Sams, Stephany Overmyer and Karen Hyman, who shared insider tips, tricks and best practices aimed at turbocharging ROI across all marketing and business endeavors, not just within DMAR.
  • On March 13, 2024, YPN Presents: Lunch with an Icon featured three esteemed DMAR icons: Piper Knoll, Stuart Crowell and Shelby Richardson. The sold-out crowd enjoyed invaluable insights and expertise on topics ranging from building robust referral networks to strategies for career elevation.
  • On March 15, 2024 NAR announced a proposed settlement agreement aimed at resolving litigation concerning claims brought on behalf of home sellers regarding broker commissions. This agreement is currently awaiting court approval and, if finalized, would mark the conclusion of claims against NAR, involving over one million NAR members, all state/territorial and local Realtor® associations, all association-owned MLSs and all brokerages with an NAR member as principal, whose residential transaction volume in 2022 amounted to $2 billion or less.

NAR Settlement Agreement Resources

Since NAR announced its proposed settlement details, there have been a lot of questions - understandably so. For now, there are two immediate things to focus on:

  1. Compensation offers will no longer be allowed on the MLS. NAR will implement a new rule prohibiting compensation offers on the MLS. However, compensation offers could continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals. Sellers can also offer buyer concessions on an MLS (for example, concessions for buyer closing costs). This change will go into effect in mid-July 2024.
  2. Written agreements will be required when MLS participants act for buyers. While NAR has advocated for using written agreements for years, in this settlement, NAR has agreed to require MLS participants working with buyers to enter into written representation agreements with their buyers. This change will go into effect in mid-July 2024.

Below is a list of additional resources to help sort out the correct details.

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