When comparing the week of May 23 – May 29 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox increased 7.5% in Washington and decreased 4.3% in Oregon.
Washington
Oregon
Archive
View an archive of the Supra lockbox statistical reports on Flickr.
Here’s a quick rundown of upcoming real estate events and education for June in Oregon and Southern Washington. If you have an event that is not listed here, please let us know by commenting below. For future events, please send an e-mail to communications (at) rmls (dot) com.
RMLS™ Events:
Broker Education Series – June 2
Join RMLS™ for this educational event on June 2 from 9:00 a.m. to 12:00 p.m. at Wildhorse Casino in Pendleton. Step-by-step training will show you how to successfully present, negotiate, and sign exclusive buyer representation agreements. This course provides great tools for qualifying buyers, negotiating professional service fees, signing representation agreements, and overcoming broker and buyer objections to exclusive representation.
Topic: Exclusive Buyer Representation Agreements
Speaker: Rick Harris, ABR CIPS CRS SFR
When: June 2, 2011 9:00am – 12:00pm
Cost: FREE!
For more information and to register, click here.
Events around the region:
-June 4-5: The 2011 REALTOR® Nationwide Open House is held the weekend of June 4-5, to provide buyers with opportunities to view local open houses and learn more about homeownership. For more information on how you can participate in this year’s event, contact your local association for details.
-June 7: East Metro Association of REALTORS® hosts “Advanced Real Estate Practices” at the EMAR offices in Gresham. (You may take 1 day’s class for Continuing Ed. credit for $59.) For more information, please see this flyer.
-June 9: Lane County Women’s Council of REALTORS® presents its Monthly “Real Estate Broker/Owner Panel” from 11:30 a.m. to 1:00 p.m. at Mallard Hall in Eugene. For more information, please click here.
-June 9: Portland Metropolitan Association of REALTORS® presents “Law and Rule Required Course” from 9:00 a.m. to 12:00 p.m. at George Fox, Portland Center. For more information, click here.
-June 13: Portland Metropolitan Association of REALTORS® presents “Surviving the Appraisal Process in Today’s Marketplace” from 11:30 a.m. to 1:30 p.m. at the Multnomah Athletic Club. For more information, click here.
-June 14: Fair Housing Council of Oregon offers FREE Accessibility Training on the details of federally required Design & Construction requirements under the Fair Housing Act. For more information, please see this flyer.
-June 21-22: Earth Advantage Institute presents the Habitat for Humanity Sustainable Building Conference, a two-day event at the Clark College campus. For more information, please click here.
-June 28: Fair Housing Council of Oregon presents “Fair Housing & Advertising for Realtors®” from 12 p.m. to 2 p.m. in Portland. To learn more, please see this flyer.
-June-September: Northwest Energy Star Homes is holding a “Welcome Home” $25,000 sweepstakes from June through September to stimulate home buying and generate more interest in touring and visiting homes. The $25,000 winner could use the money as a down payment or to purchase a new home (whether it’s an Energy Star home or not). If you have a client who will be touring Energy Star homes, they may find this information useful. Click here for more information.
Also, if you are an RMLS™ subscriber, we have lots of FREE educational opportunities at a location near you; click the link for your area to view the June Training Calendar:
–Coos County
–Eastern Oregon
–Eugene
–Gresham
–Hood River
–Portland
–Roseburg
–Salem
–Vancouver
When comparing the week of May 16 – May 22 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox decreased 14.6% in Washington and 2.8% in Oregon.
Washington
Oregon
Archive
View an archive of the Supra lockbox statistical reports on Flickr.
One of the core elements of a Multiple Listing Service is the offer of compensation. Each listing entered into RMLS™ shows the amount of the cooperating compensation in the BAC fields. This informs other MLS participants about their expected compensation before they try to sell the listing. Any change must be communicated in writing before an offer is submitted.
The cooperating commission is shown as a specific dollar amount or as a percentage of the gross selling price. The commission of the Listing Broker is never displayed. The total commission negotiated between the Listing Broker and the Seller is also never disclosed.
Dual or Variable Rate Commission
Some listing agreements have special terms if the Listing Broker also represents the buyer. Those terms state that total commission differs when there is no Cooperating Broker in the sale. This could affect the relative attractiveness of competing offers. Listings have a required field called “Total Commission Differs If Sold In House.” This is checked YES to alert MLS subscribers about this condition.
Short Sale Considerations
Short sales present many challenges. The lender may require a reduction in the gross commission as a condition of approving the sale. The Listing Broker may use the Private Remarks to describe how any reduction will be apportioned. If there is no notification by this or other means, Cooperating Brokers can reasonably expect the published compensation.
Remember!
Compensation and the division of compensation is not fixed or controlled in any way. Each Listing Broker independently decides the commission for each listing.
Disputes between REALTORS® regarding offers of compensation are resolved through arbitration and mediation.
For More Information
Read Section 6 of the RMLS™ Rules and Regulations to learn more about commissions, and Rule 3.25 to learn more about how short sales are handled. Please contact our Rules staff if you have questions. Call Vallerie Bush, Rules Administrator, at 503-872-8045 or Wanda Kennedy, Rules Representative, at 503-872 8084. They can also be reached by email at Rules@rmls.com.
When comparing the week of May 9 – May 15 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox increased 20.1% in Washington and 7.3% in Oregon.
Washington
Oregon
Archive
View an archive of the Supra lockbox statistical reports on Flickr.