Space Coast Association of REATLORS® Blogs

NAR: March 2025 Commercial Real Estate Market Insights

By Kymberly Franklin posted yesterday
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March 2025 Commercial Real Estate Market Snapshot As we move further into 2025, the commercial real estate market is beginning to shift. After holding interest rates steady for the second time this year, the Federal Reserve has set the stage for potential rate cuts—though uncertainty remains with new policies from the current administration. Here’s a quick look at how each sector is performing so far this year: Office Market The office sector is slowly improving. Companies are reinforcing return-to-office plans, which has reduced the number of office move-outs. Still, vacancy rates remain high at 14.1%, and overall absorption is still negative. New ...
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Space Coast MLS Tip: Extend the Expiration Date on Your Listing

By Kymberly Franklin posted 3 days ago
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Do you need to extend the Expiration Date on your listing? Here’s How: To change your expiration date, on the Change Listing screen, you’ll click on Extend or Expire Listing under the Status section: Fill in your new Expiration Date & hit Save --------------------------------------------------------------------------------------- If your listing has already Expired , you’ll need to follow these steps: On the Change Listing screen, you’ll click on Back on Market (Extend) under the Status section: You’ll use the date the listing just expired as the Back on Market Date, then change the Expiration Date to your new Expiration ...
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Space Coast MLS Updates: Rental Close-Out Screen Enhancements

By Kymberly Franklin posted 20 days ago
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Space Coast MLS Updates: Rental Close-Out Screen Enhancements: We’re excited to announce a recent update to the Space Coast MLS Rental Close-Out Screen to enhance accuracy and streamline reporting for rental transactions! What’s New? The Rental Terms fields on the close-out screen have been updated to better reflect lease details. These updates allow for improved clarity and consistency when finalizing rental transactions. Important Note: While most fields are now fully adjustable, the Selling Member & Co-Selling Member fields remain hard-coded and cannot be changed at this time. Why This Matters Improved data accuracy for ...
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New MLS policy released March 25, 2025 by the National Association of Realtors

By Kymberly Franklin posted 21 days ago
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We want to inform you about a new MLS policy released March 25, 2025 by the National Association of Realtors. This policy, which expands consumer choice, must be implemented by all MLSs no later than September 30, 2025. Your Space Coast MLS, already offers several tools and options that align with this the majority of this new policy, including: Temporary Exclusion Permanent Exclusion Coming Soon Status Five (5) Business Days to Input a Listing Please note that this policy does not change our MLS’s existing mandatory submission deadlines or the Clear Cooperation policy, which requires listing submission within one ...
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Our sincerest condolences to the loved ones of Barbara Jo Romano

By Kymberly Franklin posted 27 days ago
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It is with heavy hearts that we share the passing of longtime Space Coast Association of REALTORS® member, Barbara Jo Romano. Barbara’s journey in Cocoa Beach began in 1972 when she and her family relocated from the Northeast. A dedicated entrepreneur, she balanced family life while building a successful career in real estate, ultimately opening her own brokerage. She was a mentor to many, helping shape the careers of numerous agents—including her son, Space Coast Association of REALTORS past president, Steve Romano. Beyond real estate, Barbara was a cherished member of the Cocoa Beach business community. She found joy in spending time with her ...
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Brevard County Housing Statistics for February 2025

By Kymberly Franklin posted 29 days ago
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For Immediate Release: Palm Shores, FL -- February 2025 Brevard County housing statistics report for Single-Family homes and Townhouses/Condos provided by Space Coast Association of REALTORS®, the voice for real estate in Brevard County. A quick recap of the Brevard County Residential Report for February 2025: Closed Sales are down -3.2% for February 2025 in which the number of units closed was 745 compared to 770 in February 2024, with a decrease in cash sales of -18.1%. New Pending Sales are down -9.4% and New Listings are down -5.6%. The Median Sales Price for Brevard Single Family homes is up 0.8% to $378,854 compared to ...
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Condolences to the Kirk Family

By Kymberly Franklin posted 03-14-2025
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It is with heavy hearts that we share the tragic passing of Jessie Kirk, a beloved and respected member of our real estate community. Jessie and her husband, Robert "Bob" Kirk, were longtime dedicated members of the Space Port Association of REALTORS®, where Bob served as a Past President. They later became valued members of the Space Coast Association of REALTORS®, contributing greatly to our profession and community. Jessie’s unwavering dedication, kindness, and professionalism will always be remembered. Her impact on those who had the privilege of knowing and working with her is immeasurable. Our thoughts and prayers are with Jessie’s ...
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Florida REALTORS Do not Call/Text Webinar Presentation

By Kymberly Franklin posted 03-14-2025
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The Florida Realtors® hosted a "Do Not Call/Text Update" webinar on Thursday, February 27, 2025, from 2:00 PM to 3:00 PM. This free session, led by the Florida Realtors® legal team, provided insights into the Federal and State Telephone Consumer Protection Act (TCPA) laws, recent changes, and best practices for compliance. FLORIDAREALTORS.ORG If you were unable to attend, you can access the presentation materials through the link provided. This resource will help you understand the necessary steps to ensure your telemarketing activities align with current regulations. View the Presentation slide deck here
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April is approaching, did you know April is Fair Housing Month? Check out the Fair Housing Toolkit

By Kymberly Franklin posted 03-12-2025
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April is Fair Housing Month: A Commitment to Equal Opportunity in Real Estate Every April, we recognize Fair Housing Month—a time to reflect on the importance of equal access to housing and reaffirm our commitment to upholding fair housing principles in every real estate transaction. The History of Fair Housing Fair Housing Month commemorates the passing of the Fair Housing Act of 1968, a landmark law that prohibits discrimination in housing based on race, color, religion, sex, disability, familial status, or national origin. This legislation was a critical step toward ensuring that every individual and family has the opportunity to live ...
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Brevard County Housing Statistics for January 2025

By Kymberly Franklin posted 02-20-2025
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Palm Shores, FL -- 2025 January: Brevard County housing statistics report for Single-Family homes and Townhouses/Condos provided by Space Coast Association of REALTORS®, the voice for real estate in Brevard County. Stay informed with our monthly, quarterly, and yearly sales reports for Single Family Homes and Townhouses/Condos, available on our website. We also provide Yearly Distressed Market Summaries for both property types. A quick recap of the Brevard County Residential Report for January 2025: Closed Sales are up 0.5% for January 2025 in which the number of units closed was 584 compared to 581 in January 2024, with an increase in ...
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Questions About New Condo Requirements?

By Kymberly Franklin posted 02-19-2025
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Questions About New Condo Requirements? By Amy Connolly The Florida DBPR launched a website to clarify condo law changes with educational resources, FAQs and other important information. TALLAHASSEE, Fla. — Since the deadly collapse of the Champlain Towers South building in Surfside, Florida lawmakers have enacted three condominium-related bills that have impacted how owners, board members, community association managers and other stakeholders manage safety, maintenance and transparency-related issues in condo buildings. The Florida Legislature sought to address structural integrity concerns, improve financial accountability and expand ...
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NAR REALTOR Benefits®: Tailored for Commercial Practitioners

By Kymberly Franklin posted 02-19-2025
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NAR REALTOR Benefits®: Tailored for Commercial Practitioners NAR launched a new program offering exclusive benefits and discounts designed specifically with Commercial Practitioners in mind. NAR partnerships with industry leaders like RPR® Commercial`, CompStak, Crexi, and Brevitas, as well as vetted commercial solutions providers like 1-800-Got-Junk?, RentRedi, IRAR, REALTOR Team Store®, and more, give Commercial Practitioners the data and resources needed to succeed. NAR REALTOR Benefits® is designed to empower commercial real estate professionals with tailored solutions that address the unique challenges of the industry. Leveraging deep ...
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Space Coast MLS Tip: Want to activate your Coming Soon listing before the Start Showing Date in the MLS?

By Kymberly Franklin posted 02-14-2025
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Do you have a Coming Soon listing that you would like to make Active earlier than the Start Showing Date that was entered into the MLS? You can choose an earlier Start Showing Date. In the MLS on the Change Listing screen, at the bottom under Status – click on Start Showing (Active): Enter the date you wish to ‘Start Showing’ the property in the Back on Market Date field (this is just the field name, it will not show a ‘Back on Market’ tag coming out of Coming Soon): Make sure you click Save
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Updates to Floor Plan Management in Flexmls

By Kymberly Franklin posted 02-03-2025
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We are updating the way floor plans from any source are managed, displayed, and integrated within Flexmls. What is changing? Floor Plans Now Have Their Own Media Category When editing or adding a listing, there will be a new section called Floor Plans, where you can upload floor plans. The process to upload and manage a floor plan will be similar to the current process for uploading and managing photos. Accepted file types for floor plans include all currently accepted photo file types (JPG, JPEG, PNG, GIF, HEIC, BMP, TIF, TIFF, PBM). Maximum accepted file sizes are also the same as maximum accepted photo sizes (15 MB or ...
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Space Coast Association of REALTORS® Installs 2025 Board of Directors January 10, 2025

By Kymberly Franklin posted 01-28-2025
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Space Coast Association of REALTORS® Installs 2025 Board of Directors The Space Coast Association of REALTORS® Hosts 2025 Installation Gala Palm Shores, FL – January 28, 2025 The Space Coast Association of REALTORS® proudly hosted its highly anticipated 2025 Installation Gala on Friday, January 10th, at The Oasis at Palm Shores. This annual event celebrated the installation of the 2025 Board of Directors and welcomed Rusty Melle as the newly elected president, setting the stage for an exciting year ahead. The evening brought together members and leaders in real estate for a night of camaraderie, inspiration, and recognition. The gala ...
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Brevard County Housing Statistics for 2024: December, Q4 and Annual

By Kymberly Franklin posted 01-21-2025
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Palm Shores, FL -- 2024 Annual, Q4 and December Brevard County housing statistics report for Single-Family homes and Townhouses/Condos provided by Space Coast Association of REALTORS®, the voice for real estate in Brevard County. A quick recap of the Brevard County Residential Report for December 2024: Closed Sales are up 22.1% for December 2024 in which the number of units closed was 817 compared to 669 in December 2023, with an increase in cash sales of 3.1%. New Pending Sales are up 6.8% and New Listings are down -2.1%. The Median Sales Price for Brevard Single Family homes is 0.0% to $369,995 compared to a year ago, which was $370,000. ...
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Space Coast MLS Tip: Pool Private Y/N Helpful Tip to set up your listing to ensure data integrity and the most accurate market exposure

By Kymberly Franklin posted 01-20-2025
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Pool Private Y/N Helpful Tip to set up your listing to ensure data integrity and the most accurate market exposure The Pool Private Y/N field is intended to communicate that the property has a pool in their backyard which is privately owned by the owner of the property that is being listed. This is most often used with Single Family Residences but may also be used with Townhomes provided it is not a shared pool. A shared pool, in that case, would be indicated under Association Amenities by checking the ‘Pool’ box. A Community Pool (previously found under Pool Features ) is now indicated by checking the ...
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RPR Unveils Its New Next Gen Reports Template: Commercial Trade Area

By Kymberly Franklin posted 01-17-2025
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RPR (Realtors Property Resource) has taken a significant step forward with its Next Gen Reports (Beta)—and we’re inviting your feedback to make them even better. We launched the beta test program in late 2024, and today, we’re excited to introduce another report template: the Commercial Trade Area template. This powerful addition supplies REALTORS ® with actionable insights into consumer preferences, purchasing behaviors, and demographic data, helping commercial clients make informed, data-driven decisions. With all Next Gen templates, REALTORS ® can create fully customized reports tailored to their clients’ unique needs. The ability to reorder, ...
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Space Coast MLS® Tip: Production Reports

By Kymberly Franklin posted 01-06-2025
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Space Coast MLS® Tip: Production Reports When it comes to tracking your performance in the MLS, you have two great options for generating Production Reports: Production Report This report allows you to view production for multiple agents or offices, providing a comprehensive overview. Perfect for brokers or team leads who want a broader perspective. My Production Report This personalized option is tailored just for you, showing your individual production stats. Ideal for agents who want to track their own performance and achievements.
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Space Coast MLS® Tip: Reminder: Offers of Compensation Rules in MLS & Affiliated Products

By Kymberly Franklin posted 12-20-2024
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Don’t forget that Making Offers of Compensation or “Intent” to Make Offers of Compensation in the MLS or any affiliated MLS/Association product (i.e; ShowingTime, Supra, Space Coast Launch Pad/Real Marketing Email Blast, etc) is an immediate file. What does “Intent” to Make Offers of Compensation mean? Do not include any type of language, that in short, was not used before the Compensation section was removed from the MLS. Phrases such as “Buyer’s Agents Welcome”, “Seller loves Buyer Brokers”, etc., though not specifying a particular amount, would still be considered as intending to convey that the Seller IS offering some sort of compensation. Any ...
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