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Member Updates
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Residential Insurance Issues Impacting Homeowners & REALTORS®
Is your clients' insurance at risk? If you’re seeing canceled policies, non-renewals, or steep cost increases for property insurance, you’re not alone. Washington REALTORS® is hosting a webinar to address the mounting challenges in the residential insurance market, particularly in areas affected by wildfires. These shifts are impacting both current homeowners and new homebuyers, posing a significant concern for real estate transactions across the state.
Please join us virtually on Thursday, November 21st from 10:00am-11:30am to learn what’s driving these changes and what to expect going forward. Experts from the Office of the Insurance Commissioner, the National Association of REALTORS®, and the insurance industry will provide updates and answer questions. This webinar is critical for REALTORS® looking to stay informed and for homeowners facing insurance difficulties.
Learn more about the event & register here today.
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Register Here →
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VOLUNTEER OPPORTUNITY
Volunteer with Junior Achievement of Washington State!
Washington REALTORS®, here’s a unique opportunity to make a lasting impact on young lives! Junior Achievement of Washington is seeking volunteers to guide middle and high school students in financial literacy & business skills courses! As a volunteer, you’ll work hands-on in programs like BizTown and Finance Park, where students learn real-world skills to help them thrive in their future careers. Many of these students come from low-to-moderate-income backgrounds, so your participation truly matters.
Choose a date that works for you and make a five-hour commitment (typically 9 a.m. - 2 p.m.) to lead and inspire. Just click the SIGN UP HERE link next to your preferred date found at the link below, create an account if you’re new, and you’re all set!
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Select a Date & Volunteer→
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THIS EVENT IS ALL ABOUT YOU!
Register to Attend Your Regional Town Hall
Do you have questions related to housing issues that are affecting your local area? Use the upcoming Town Hall events to get those questions answered by Washington REALTORS® association staff and leadership!
The Regional Town Hall events happening November 18th-19th are designed to connect members in their respective areas to provide an association update, but more importantly, to give members a chance to discuss issues that are affecting them. Learn more and register at the link below!
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Learn More & Register →
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Honoring Native American Heritage Month
November is Native American Heritage Month! As REALTORS®, it's important that you know these communities endure higher poverty rates, lower median incomes, and severe housing conditions that far exceed national averages.
Understanding these issues is important in fostering inclusive and equitable housing opportunities for all your clients. Learn about the important history behind the observance, the housing challenges faced by Native American and Alaska Native communities, and more about recent policy efforts aimed at increasing federal support today at the link below.
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Read More →
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First-Time Home Buyers Shrink to Historic Low of 24% as Buyer Age Hits Record High
NAR recently published its 2024 Profile of Home Buyers and Sellers which brought significant shifts in the U.S. housing market to light. First-time buyers now make up just 24% of the market, down from 32% last year, while median buyer income, age, and down payments have reached record highs. The report shows a rising trend in cash purchases, multigenerational living, a reliance on real estate professionals, and more.
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Read More →
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Did You Know?
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November is ALSO National Veterans & Military Families Month!
There is A LOT to celebrate in November! Access our DEIA Graphics page here today to get started in promoting these important causes in your own social media communications!
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Access Here→
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Legal Hotline Q&A of the Week
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Question
If an unrepresented buyer writes an offer on a funky form (thinking napkin or some internet form) can I counter back with the seller using a form 21? Also I'm sure it'd be wise to have something from them stating they want to be unrepresented? Can that just be an email statement from them?
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Answer
If an unrepresented buyer (or any buyer) makes an offer on any forms other than statewide forms and seller wants to counter buyer's offer, listing broker should write seller's counteroffer by replacing all of buyer's forms with statewide forms, completed so that they capture the portions of buyer's offer that are acceptable to seller and counter the remaining terms with seller's intended counteroffer terms. Broker is correct that she is not licensed nor insured to use or assist seller with forms that are not "standardized for broker's use" and "approved by legal counsel". This means that if seller wants to accept the offer that is written on non-standardized forms without countering the offer, broker must advise seller to seek the advice of seller's lawyer. Broker may not advise seller as to the terms of buyer's offer that is written on non-standardized, non-lawyer approved forms.
Broker is also correct that it is best practices for broker to advise the unrepresented buyer to get representation and if buyer persists in the desire to remain unrepresented, broker should confirm both her advice and the buyer's statement of intent to proceed unrepresented, in writing. This can be accomplished in a variety of ways including obtaining buyer's signature on a document that proves these communications and/or broker's follow-up email to buyer reconfirming the prior oral conversation broker and buyer had regarding these topics. If broker is relying on email to prove the oral conversation, broker should be able to prove delivery of the email, potentially with a reply email from buyer responding to broker's email. Thus, it may be a good idea for broker to include, in that email, a question that is likely to gain a reply from buyer. Broker should then preserve broker's original email and buyer's reply, which will prove delivery of broker's email.
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Printable PDF →
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The Legal Hotline Lawyer does not represent Washington REALTORS® or its members. The advice contained herein does not constitute legal counsel. To browse through our database of past Q & A’s, visit warealtor.org/legal-hotline. Attorney Annie Fitzsimmons writes the Legal Hotline Question and Answer of the Week. This is a WR members-only benefit so you will be prompted to log in with your M1 number and password. Your Designated Broker is cc’d on Legal Hotline inquiries.
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EDUCATION OPPORTUNITIES
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Complete Your Code of Ethics Education Before Dec. 31st!
Current Cycle: January 1, 2022 to December 31, 2024
As required for REALTOR® membership, all REALTORS® must complete at least 2.5 hours of ethics training that meets specific learning objectives and criteria. The current cycle deadline is Dec. 31, 2024. Why wait? Check your status and view training options today.
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Learn More→
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NAR Code of Ethics- 3.0
Tuesday, November 12th, 2024 (9:00am-12:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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NAR Code of Ethics - 3.0
Tuesday, November 12th, 2024 (10:00am-1:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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NAR Code of Ethics - 3.0
Tuesday, November 14th, 2024 (9:00am-12:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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NAR Code of Ethics - 3.0
Wednesday, November 20th, 2024 (9:00am-12:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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Water Rights & Water Supply Issues for REALTORS® - 3.0
Wednesday, November 20th, 2024 (1:30pm-5:00pm) 3.5 CE Hours
Holiday Inn & Suites, Bellingham, WA.
Learn More & Register
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View All Upcoming Classes...
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