September 18, 2017
Q4 MLS Fees Due September 30
Inventory Crunch Weighing on Sales Activity
The Twin Cities housing market continues to show signs of high demand and short supply. While June 2017 marked an all-time home sales record for the Twin Cities, closed sales showed a year-over-year decline for the second consecutive month. The number of sellers listing their homes increased slightly, but that wasn’t enough to counteract the inventory drop.
 
New listings increased 0.7 percent from last year to 7,264, and closed sales dipped 1.4 percent. The number of homes for sale decreased 16.7 percent to 12,602. Factoring out foreclosures and short sales, traditional new listings rose 2.4 percent while traditional closed sales increased 0.9 percent. | MORE

WEEKLY MARKET ACTIVITY REPORT
"For several years, residential real estate markets across the country were relatively similar except for a few pockets of extreme price increases in the west and a few areas of slower post-recession recovery in the east. Regional market diversion is becoming more common. Natural disasters play a part, as do factors such as the proclivities and incomes of a younger buyer pool." | MORE

Tuesday, September 19 (1:00 p.m. - 4:00 p.m.)
NEW! Mortgage 101 | 3.00 CE Hours
  
Do you know how financing a home works? Do you know what consumers can do to help in qualifying for financing? Do you know the resources available to your consumers? 
 
As a REALTOR, knowing this information can help you to provide direction to resources that will help with one of the most vital pieces of purchasing a new home, financing of course! This course contains information that many REALTORS® may not know, such as income qualifications, different loan options and resources for Veterans. Join us for this three hour high level course so you can better serve your buyers and sellers.

UPCOMING CLASSES/EVENTS AT MAAR
Tuesday, September 19 (10:00 a.m. - 11:00 a.m.)
Tuesday Mornings at MAAR | Title Matters: Insider Insights to Help Your Clients | Timothy Gerdes | INFO
Tuesday, September 19 (1:00 p.m. - 4:00 p.m.)
NEW! Mortgage 101 | 3.00 CE Hours | REGISTER
This course has been approved by the MN Commissioner of Commerce for 3.00 hours of real estate continuing education
Wednesday, September 20 (8:30 a.m. - 12:15 p.m.)
7/1/17 - 6/30/18 Salesperson & Broker Required Module Agency, Fair Housing & Special Entities | 3.75 CE Hours | Maple Grove Community Center | REGISTER
This course has been approved by the MN Commissioner of Commerce for 3.75 hours of real estate continuing education
Wednesday, September 20 (1:00 p.m. - 3:30 p.m.)
Pathways to Professionalism - Code of Ethics 2017/18 | 2.50 CE Hours | Maple Grove Community Center | REGISTER
This course has been approved by the MN Commissioner of Commerce for 2.50 hours of real estate continuing education

Thursday, September 21 (1:00 p.m. - 3:00 p.m.)
Luxury Homes: Know Your Market and Your Consumers | Bloomington Art Center | 2.00 CE Hours
 
This course will help REALTORS® gain insight into the luxury real estate market answering questions like:
  • What makes a home a "luxury home"? 
  • What do I need to know about this specific home market? 
  • How are luxury home consumers different?
Check-in begins at 12:00 p.m. To receive CE credits, you must be on time for the course offering.
 
This course has been approved by the Minnesota Commissioner of Commerce for 2.00 hours of Real Estate Continuing Education

Thursday, September 21 (2:00 p.m. - 4:00 p.m.)
YPN Brews and News Tour | Utepils Brewing
 
Explore the great community of North Minneapolis with the Minneapolis Area Association of REALTORS Young Professional Network. Space is limited so claim your spot today!

THANK YOU MAAR MEMBERS!
Secure your professional headshot appointment by calling us at 952.933.9020. Appointments are available between 9:00 a.m. and 3:00 p.m. on Friday, September 29 at the MAAR office. Your $20 donation goes directly to The Foundation. 
 
To thank you for your continuing support and loyalty, we want to celebrate YOU during Membership Appreciation Week with lots of activities, classes, giveaways and treats. Don't delay, classes fill up quickly! Be our guest for one or two classes. When registering, select one continuing education class and one non-continuing education class.
 
Wednesday, September 27 (10:30 a.m. - 12:30 p.m.)
Discover Your Genealogy
Wednesday, September 27 (1:30 p.m. - 3:30 p.m.)
The Proof is in the Numbers
This course has been approved by the MN Commissioner of Commerce for 2.0 hours of Real Estate Continuing Education
 
Thursday, September 28 (10:00 a.m. - 12:00 p.m.)
All Star Panel: Lead Generation
 
Thursday, September 28 (1:00 p.m. - 3:00 p.m.)
REALTOR® Safety Training

REALTOR® Safety Month
 
Take advantage of NAR's FREE webinars in the month of September. | INFO
Like many other jobs that require interaction with the public, selling real estate involves some risk. Join us for a  candid conversation on September 28 with industry experts in law enforcement and martial arts on REALTOR Safety, and walk away with knowledge, awareness and empowerment to protect yourself. REALTOR safety is about being aware and prepared! 
REALTOR Safety Training at MAAR is during Member Appreciation Week. We'll have free food prior to the event, and giveaways too. | REGISTER

Give the Gift of Literacy: Book Drive
September 25 - October 20
MAAR is partnering with the YMCA and Kodak to raise awareness about illiteracy, and acquire as many books as humanly possible. Donate new or gently used books appropriate for preschool through high school aged children (3-18 years). All of the books donated will bene­fit the YMCA in Minnesota. There will be a book drop-off kiosk at the MAAR office between September 25 & October 20. | INFO
 
Brokers, if you would like to help close the achievement gap and make a difference, please contact kellyh@mplsrealtor.com by September 20 to have a book kiosk delivered to your office.

City of Minneapolis Candidate Forum - Ward 1 City Council
 
Thursday, September 28 (5:00 p.m. – 6:30 p.m.)
Jax Café
1928 University Avenue NE
Minneapolis, MN 55418
Voters in the 1st Ward have three candidates to choose from in November. Where do these individuals stand on issues that face the business community? We’ll ask questions about workforce, economic development, regulations, policies and more. We invite you to submit your own questions as well. This is a free event.
Light appetizers will be provided and a cash bar will be available.

Wednesday, October 18, 2017 (8:00 AM to 4:00 PM)
6.00 CE Credits for $49 (over $130 value) 

Consumers are finding new ways to obtain real estate information online, which can be detrimental if it’s not accurate, and may change how they see the value of a REALTOR®. It also puts consumers at risk for cyber security issues. Technology has also changed what consumers are looking for in a home. At Tech Byte 2017, you will learn how to protect yourself and consumers from inaccurate information online and potential cyber scams, and understand the smart home technology demand.
The courses offered at Tech Byte are approved by the MN Commissioner of Commerce for a total of 6.00 hours of Real Estate Continuing Education

Saturday, October 21 (10:00 a.m. - 12:00 p.m.) 
REALTOR® 5K Hosted by YPN
 
Come out for YPN's 4th Annual Fun Run at Lake Calhoun! Registration includes breakfast bites, race bib, t-shirt and post race refreshments. Halloween or fun costumes are encouraged. There will be prizes for best dressed individual and group. Proceeds benefit the MAAR Foundation, who supports housing related programs and services organized for low income households.

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Attention Members

4th Quarter MLS payment is due by September 30, 2017. If you're enrolled in auto-pay, payment will be pulled on Monday, September 25. Please ensure you have only one, active credit card on file.
To make your payment via credit card, log in to the online portal to review your credit card information and/or to remove invalid credit cards before submitting payment. Please make sure there is only one credit card (payment profile) on file to submit your payment.
To protect your credit or debit card information payments by phone will not be accepted. Payments can be made securely online or in person. Once payment is submitted, there are no refunds.
Minneapolis Area Association of REALTORS
5750 Lincoln Drive
Minneapolis, MN 55345