In an effort to simplify our exemption process and expedite the process of submitting a listing for Comparable Sale, SFARMLS has created an easy online form. Several steps have been removed for your convenience, including the need for separate seller signatures.
In order to help our members with this change, we have created a training video that shows step-by-step instructions on using the web form to submit an exemption. We have also streamlined the Comp Sale Form. You are encouraged to take a look at the simplified form.
We will continue to accept FAX or email notifications until April 15th; after which point use of the web form will be required.
The deadline to complete a 2 1/2 hour REALTORS® Code of Ethics training is December 31, 2016!
Please be reminded that between January 1, 2013, and December 31, 2016, and for successive four-year periods thereafter, every SFAR member, as a condition of membership, is required to complete a 2 1/2 hour REALTORS® Code of Ethics training course prescribed by the National Association of REALTORS®. If the requirement is not met, SFAR, CAR and NAR membership will be suspended on January 1, 2017 and a special dues assessment of $640 will be billed to your Broker.
To check whether or not you have satisfied the mandated NAR Code of Ethics requirement by accessing your education record online, please visit your SFAR account online at mysfar.sfrealtors.com by logging in with your member number (MLS ID) and password. Click on “Track Your Ethics Requirements” and then “Personal Education Tracking.”
If you have not yet satisfied the requirement, there are three ways that you can do so now.
- Take the Ethics Course Online – FREE (Visit www.realtor.org, select the “Education” tab, then click on “Code of Ethics Training”)
- Attend an Ethics Video Class at SFAR - $15.00 - Register here
- Submit a Completed Ethics Self-Certification Form
**Consequences for Not Completing the Mandated NAR Code of Ethics Requirement**
If the mandated NAR Code of Ethics requirement is not completed by the deadline of December 31, 2016, SFAR, CAR and NAR memberships will be suspended on January 1, 2017.
In the event of a REALTOR® broker’s suspension of membership, the memberships of all REALTOR® agents under his or her office will also become suspended. Further, upon a broker’s termination of membership, the same will apply to his or her agents’ REALTOR® memberships.
If a REALTOR® agent’s membership is terminated, that agent’s broker will incur a Non-Member Special Dues Assessment in the amount of $640 for that agent’s failure to remain an active REALTOR® member licensed under a REALTOR® broker.
Once a terminated REALTOR® who is in default of meeting the mandated NAR Code of Ethics requirement has completed the course, he or she will qualify for reinstatement of membership. However, please note that a reinstatement fee will apply.
More than 200 SFAR and Women’s Council of REALTORS® members gathered on Thursday to hear Leslie Appleton-Young, CAR’s Vice President and Chief Economist, deliver her economic and market outlook for 2014. In case you missed it, or just need to see it again, here are a few highlights and a link to download the presentation.
- Consumer confidence is at a 7-year high
- The Bay Area leads job growth -- San Jose (3.8%) and San Francisco (3.6%)
- The sectors with the most job growth in 2014 were: Construction, Administrative & Support & Waste Services, and Professional, Scientific & Technical Services
- New Home Sales rose 8.8 percent from 2013 to 2014
- In California, investors made up 15 percent of the market in 2014, compared to 19 percent in 2013
- In 2014, first-time homebuyers made up 30 percent of the market, compared to a long run average of 38 percent
- In San Francisco, 15 percent of households can afford the median home priced home
- California needs a minimum of 165,000 new units annually to meet the current housing need
- This year, sales and prices are expected to rise in California
- In 2015, interest rates are expected to rise just slightly to 4.5 percent
- According to a survey, 23 percent of people would prefer to gain 10 pounds than go through the mortgage process again
To access Leslie Appleton-Young’s entire presentation, click here.