Get the Facts - Member Updates

  • by Washington REALTORS®
  • Mar 15, 2024, 08:39 AM

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March12, 2024Edition

Member Updates

Apply for an NAR Committee Today!

The 2025 NAR Committee Application Process is now underway! If you or someone you know is interested in serving on an NAR Committee in 2025, apply now. This is a perfect opportunity to learn more about how YOU can add your voice to the national conversation. Applications are open from March 1 – May 15, 2024.


Draft Like a Lawyer Seats are Filling up Fast!

Join us April 23rd-24th, 2024 at the Center Place Regional Event Center in Spokane for Draft Like a Lawyer! This two-day in-person course is designed to teach you the necessary drafting skills and integrated use of the most popular statewide forms! Not only will you improve your drafting skills, but you'll also earn 16CE credits as you learn about real estate forms and how to use them in your business. Additionally, the course allows you to catch up on high-demand topics taught by Legal Hotline Lawyer, Annie Fitzsimmons!

 

Free Clock Hours for WR Members

Elevate your professionalism with Bias Override! WR members can take this 3.0 clock-hour class for FREE to learn the roots of bias in real estate, master strategies to sidestep fair housing pitfalls & more. Register today!

 

Operation Evolve 2.0:Adapting to New Legal Requirements and Consumer Expectations

Are you feeling lost when it comes to recent Agency Law changes? Our Operation Evolve 2.0 classes are here to guide you! Join us at one of our upcoming classes and expect to learn more about why this evolution was necessary, what forms changed & how to use them to reach consumer goals. Secure your seat today!

Upcoming Classes:

Did You Know?

Your WR Membership Entitles You to Discounts with Mutual of Omaha...

Here’s what you may be eligible for as a member of Washington REALTORS®:

  • Disability Income Insurance -15% lower premiums;
  • Long-Term Care Insurance - 5% lower premiums;
  • Universal Life Insurance - No-cost disability benefit rider;
  • Income Access Single Premium Immediate Annuity (SPIA) - No-cost guaranteed minimum death benefit.

Contact Kevin Smith hereat Mutual of Omaha and mention you're a member of the Washington REALTORS® to get your discounts.

Legal Hotline Q&A of the Week

Question

One of my past clients received a postcard regarding the Burnett vs. NAR class action lawsuit. What should I say to my client?

Answer

There is no way the Hotline lawyer can tell any broker what the broker should say to the former client but this answer will provide some ideas for broker to consider. Every REALTOR® should think, in advance, about what they will say to a former client who receives this postcard (or email). Many who have sold property in the last several years are receiving the notification and their REALTOR® is a person they are likely to contact for information.

The postcard (or email) notifies the recipient that they may be eligible as class members in the settlement of the Burnett vs. National Association of REALTORS® lawsuit. This is one of the antitrust lawsuits discussed within the industry in recent years. The notification stems from a partial settlement funded by three of the defendants in that action. To claim eligibility, recipients must meet criteria outlined on the postcard, including having sold property that was listed on any MLS and paid a broker as part of the sale. In Washington, a qualifying sale occurred between October 31, 2019 and February 1, 2024.

As you consider the response you will give a former client who asks you about the settlement, remember that this is not personal. You are not financially liable to the former client as a result of the settlement and your personal reputation will not be impacted by any decision the former client makes with regard to claiming eligibility.

 

Whether the recipient chooses to claim eligibility or not is entirely up to them and if they need assistance in making their decision, you should advise the former client to talk to their own lawyer. Your assurance, however, should be that whatever decision they make must be the best decision for them and that it will have no negative impact on you.

You may also want to use this communication with the former client as an opportunity to remind them of the value you and your firm gave them when they needed to sell property. Discuss the role you played in helping them achieve their objective, highlighting the specific benefits and services you provided. Your goal will be to reinforce the positive impact of your professional relationship without being defensive. Remember, this is not an attack on you or your firm.

Finally, you may want to inform them about recent efforts by your REALTOR® association to support changes in Washington law that enhance transparency and empower buyers and sellers. Explain how recent changes in Washington law require upfront negotiations between consumers and brokers regarding compensation and services, ensuring that buyers and sellers have a clear understanding of what to expect at the outset of their relationship with a real estate broker. This context can help clients appreciate the evolving real estate landscape and how it benefits them. Refer them to https://AgencyGuideWA.com for helpful resources around recent Agency Law changes.

Maintaining open, informative, and supportive communication with your former clients can help them navigate concerns they may have about the notification and its implications, while also reinforcing the value and professionalism of your service.

Watch the latest DBrief Episode on this topic.

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.

MARK YOUR CALENDAR

WR Spring Business Conference

April 17th-19th, 2024

Marriott Downtown Tacoma

NAR Legislative Meetings

May 4th-9th, 2024

Washington, DC.


Graph showing Mortgage Rates


EDUCATION OPPORTUNITIES


Operation Evolve 2.0: Adapting to New Legal Requirements and Consumer Expectations
Wednesday, March 13, 2024(1:00pm-4:30pm) 3.5 CE Hours

Live Webinar

Learn More & Register


Best of the Legal Hotline
Thursday, March 14, 2024(9:00am-12:30pm) 3.5 CE Hours

Thurston County Association of Realtors, Olympia
Learn More & Register


Busting Industry Myths
Thursday, March 14, 2024(1:00pm-4:30pm) 3.5 CE Hours

Thurston County Association of Realtors, Olympia
Learn More & Register


NAR Code of Ethics

Thursday, March 21st, 2024(9:00am-12:00pm) 3CE
Tri-City Association of REALTORS®, Kennewick

Learn More & Register


Operation Evolve 2.0: Adapting to New Legal Requirements and Consumer Expectations
Thursday, March 21st, 2024(9:30pm-1:00pm) 3.5 CE Hours

Live Webinar

Learn More & Register


Professional Standards Express

Thursday, February29th, 2024(9:00am-12:30pm) 3.5 CE Hours

Tri-City Association of REALTORS®, Kennewick, WA.

Learn More & Register


View All Upcoming Classes...

 

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