Space Coast Association of REATLORS® Blogs

Brevard County Housing Statistics: 2023 October

By Kymberly Franklin posted 8 days ago
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Palm Shores, FL -- October 2023 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. You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website . In addition, there are Yearly Distressed Market Summaries for both types of properties. A quick recap of the Brevard County Residential Report for October 2023: Closed Sales are down -11.6% for October 2023 in which the number of units closed was 770 compared to 871 in October ...
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Florida Realtors: Commercial Real Estate Will Revitalize

By Kymberly Franklin posted 11 days ago
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Commercial Real Estate Will Revitalize NAR Chief Economist Yun: Except for office space, commercial property rates are expected to stabilize, though higher interest rates are impacting commercial loans. ANAHEIM, Calif. – Commercial property rates are expected to stabilize – aside from office space – and commercial real estate will revitalize, according to NAR Chief Economist Lawrence Yun. Yun presented yesterday at the Commercial Economic Issues and Trends Forum at the 2023 NAR NXT, The Realtor® Experience, in Anaheim, California, to discuss economic trends and issues affecting the commercial real estate industry. “There’s tremendous difficulty ...
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Unlocking RPR’s Potential: A Buyer’s Agent Daily Playbook

By Kymberly Franklin posted 12 days ago
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Unlocking RPR’s Potential: A Buyer’s Agent Daily Playbook Sometimes in real estate, it seems like there’s an emphasis on selling and the skills and tasks that go with it. Seller’s agents are well-known for listing presentations, home pricing strategies, open houses, prospecting and marketing. However, it’s really only half the story. Buyer’s agents help clients find properties that meet their clients’ demands and their budget, they show houses, and they help negotiate realistic offers. Listing agents might get all the glory, but the buyer side is equally important! Let’s explore the day-to-day of a proactive buyer’s agent who knows how to make ...
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New Member benefit- ListTrac

By Kymberly Franklin posted 13 days ago
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The Space Coast Association of Realtors is excited to announce a New Member benefit- ListTrac, a powerful online activity reporting tool for real estate brokers and agents. ListTrac offers unbiased and actionable marketing intelligence, all in one place, to help guide listing campaigns. With ListTrac, brokers, agents, and MLS executives can keep a pulse on the performance of their listings with metrics such as listing views, leads, shares, and favorites captured from major portals, broker sites, and MLS systems. This provides them with the necessary information to make informed decisions regarding their listings and campaigns. Moreover, ListTrac ...
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Gov. Signs My Safe Florida Home and Other Bills

By Kymberly Franklin posted 13 days ago
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Gov. Signs My Safe Florida Home and Other Bills By Jim Turner and Ryan Dailey Gov. Ron DeSantis signed bills passed during the recent special session, including up to $10K for owners to harden homes and more aid for Hurricane Idalia victims. TALLAHASSEE, Fla. – On Monday, Gov. Ron DeSantis signed four bills passed during a special legislative session last week, including measures to fund the My Safe Florida Home Program (MSFH), provide hurricane relief, bolster security at Jewish day schools and expand school vouchers. The special session came amid the backdrop of the war between Israel and Hamas, with state lawmakers taking steps ...
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Florida Real Estate Associations Continue Partnerships with Supra, Reinforcing Widespread Adoption of Proven Digital Services

By Kymberly Franklin posted 14 days ago
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Florida Real Estate Associations Continue Partnerships with Supra, Reinforcing Widespread Adoption of Proven Digital Services SALEM, OREGON - Nov. 14, 2023 Supra , a leading digital services provider for the real estate industry, is pleased to announce the continuation of long-standing partnerships with several prominent Central Florida real estate associations. Supra is a part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions. The following real estate associations have all confirmed their commitment to provide cutting-edge access solutions and cooperating access to their members, with Supra ...
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October 2023 Commercial Real Estate Market Insights

By Kymberly Franklin posted 15 days ago
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October 2023 Commercial Real Estate Market Insights In the final quarter, there is usually the opportunity to end a year and start the next year strong. Although the third quarter of the year has already ended, there is still much uncertainty in the market since the Federal Reserve continues its tightening monetary policy. The labor market remains firm, and the U.S. economy grows faster than the expectations. However, risks are still anticipated in the market as the full impact of the Federal Reserve's higher rates may not have been fully reflected yet in households and businesses. As a result, the commercial ...
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Video: How to explain your compensation to clients

By Kymberly Franklin posted 21 days ago
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Video: How to Explain Real Estate Compensation to Clients Share how you get paid and where the money comes from, step by step. Talking about money is complicated and sometimes stressful. Talking about the complexities of your real estate compensation can be even more difficult. Check out this animation for an easy approach to explaining how you get paid. Share widely and use with clients who might want the visual guide. The National Association of REALTORS® also encourages the use of buyer representation agreements to reinforce expectations for agents’ pay and services. Here are some key points you should remind clients about how ...
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RE Q&A: Is a Reverse Mortgage a Bad Idea?

By Kymberly Franklin posted 25 days ago
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RE Q&A: Is a Reverse Mortgage a Bad Idea? By Gary M. Singer An older couple has home equity and wants to use some of that money to augment their fixed income hit by inflation. A reverse mortgage sounds ideal – but is it? FORT LAUDERDALE, Fla. – Question : My wife and I own our home and faithfully pay our mortgage and other bills. We retired a few years ago and live on a fixed income. With the rising price of everything, we are getting concerned about making ends meet and are considering a reverse mortgage after seeing a TV commercial. Is this a bad idea? – Kelly Answer : The reason there are many different ...
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Condolences to the loved ones of John Daignault

By Kymberly Franklin posted 27 days ago
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It is with our deepest sympathy to announce that John V. Daignault left this world October 16, 2023. 2 weeks shy of his 90th birthday, after a short but fierce battle with cancer. He was a well-loved member of the Merritt Island community. Mr. Daignault founded Daignault Realty in 1971 which is the same year he joined Association. John lead the Organization as Past President of the Space Coast Association of REALTORS in 1999 and earned his Realtor Emeritus status after serving 52 years as a member. His volunteer leadership with the Association was instrumental in leading us to where we are today. He was predeceased by his beloved wife of 65 years ...
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National Association of REALTORS: Burnett Questions Answered

By Kymberly Franklin posted 28 days ago
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Burnett Questions Answered In the case of Burnett v. NAR et al , on Tuesday, Oct. 31, the jury found NAR and the co-defendants liable. The plaintiffs claimed real estate commission rates are too high, buyer brokers are being paid too much and that NAR rules and corporate defendants’ practices lead to set pricing. The reality is that NAR rules prioritize consumers, support market-driven pricing and promote business competition. We stand by the fact that NAR’s guidance for local MLS broker marketplaces ensures consumers get comprehensive, equitable, transparent and reliable home information and that brokerages of any size, service ...
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Space Coast MLS Tip: USE OF MLS INFORMATION (Section 13)

By Kymberly Franklin posted 29 days ago
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USE OF MLS INFORMATION (Section 13) Section 13 - Limitations on Use of MLS Information: See Fine Section 22.2 Information from MLS compilations of current listing information, from statistical reports, and from any sold or comparable report of the association or MLS may be used by MLS Participants as the basis for aggregated demonstrations of market share or comparisons of firms in public mass-media advertising or in other public representations. This authority does not convey the right to include in any such advertising ...
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Changes to the MLS Rules and Regulations and Unlicensed Assistant Access

By Kymberly Franklin posted 29 days ago
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The Board of Directors recently approved changes to our MLS Rules and Regulations and Unlicensed Assistant Access. We strongly suggest you take the time to read and become familiar with the changes. Changes to the MLS Rules and Regulations: strike-through is to be removed, and underlined is the new language. MLS Rules & Regulation Changes: Changes to Section 1.21b Waterfront A waterfront property shall be those classified by the Brevard County Property Appraiser Codes as noted: 110- Riverfront, 120- Oceanfront, 130- Canal, 142- Lake. A waterfront property must be a property that fronts or abuts a body of water. Waterfront ...
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Real Estate Compensation Facts for you to know from NAR

By Kymberly Franklin posted 10-19-2023
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Real Estate Compensation Facts We have received questions about why brokers representing home sellers often pay the compensation of brokers representing home buyers. Here are answers to those questions and basic information every buyer and seller needs to know. This practice has worked so well for so long because it provides the greatest economic benefits for both buyers and sellers, creates greater access and equity for first-time, low- and middle-income and all buyers and enables small business brokers to compete with larger brokers. In fact, listing brokers paying the compensation of buyer brokers ...
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Supra eKEY® - Locating Serial Number

By Kymberly Franklin posted 10-18-2023
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Supra eKEY® - Locating Serial Number There are a few reasons why you should know your eKEY serial number such as logging into your mobile SupraWEB or contacting your Supra Administrator or Supra technical support team for questions. This video shows you how to easily locate your eKEY serial number. eKEY - Locating Serial Number Video
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Brevard County Housing Statistics: 2023 September & Q3

By Kymberly Franklin posted 10-18-2023
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Palm Shores, FL -- Q3 & September 2023 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 September 2023: Closed Sales are down -1.7% for September 2023 in which the number of units closed was 864 compared to 879 in September 2022, with an increase in cash sales of 9.9%. New Pending Sales are down -7.3% and New Listings are up 25.1%. The Median Sales Price for Brevard Single Family homes is up 0.7% to $364,995 compared to a year ago, which ...
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NAR: Seller Class Action Litigation What to Know

By Kymberly Franklin posted 10-17-2023
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10.13.23 S eller Class Action Litigation What to Know What’s going on? • NAR and 4 corporate (brokerage) defendants were sued in lawsuits filed in Missouri (plaintiff “Burnett”) and Illinois (plaintiff “Moehrl”) alleging commission rates are too high, buyer brokers are being paid too much, and NAR’s Code of Conduct and MLS Handbook along with the corporate defendants’ practices lead to set pricing. NAR and the corporate defendants adamantly disagree, and NAR’s rules are very intentionally pro-consumer and pro-competitive. o Note: In September 2023, Anywhere Real Estate (formerly Realogy) and RE/MAX ...
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Public Policy Update October 13, 2023

By Kymberly Franklin posted 10-17-2023
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October 13, 2023 Public Policy Update Hello everyone. This week, members of the Florida Senate met in Tallahassee for the second interim committee week leading up to the 2024 Legislative Session which begins on Jan. 9th. Just about every Senate committee held a meeting this week, but I wanted to zero in on the Banking & Insurance Committee, which met on Tuesday, since property insurance is one of our biggest legislative priorities. Before I talk about the committee meeting, I wanted to take a quick minute to answer a question that routinely comes up when we are out giving presentations to our members. Namely, with property insurance rates ...
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Businesses and Service Animals: What Can You Do?

By Kymberly Franklin posted 10-12-2023
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Businesses and Service Animals: What Can You Do? By Cathy Womble Fair Housing Act rules differ from the ADA, and while biz owners must accept service animals (dog or miniature horse), they don’t always have to allow support animals. OKEECHOBEE, Fla. – With all the support animals turning up in public places in recent years, restaurant owners find themselves with a dilemma. There have been stories about peacocks, donkeys, turkeys and, most recently, an alligator being used as support animals. According to the Florida Department of Business and Professional Regulation (DBPR), service animals are always allowed inside restaurants, but ...
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Public Policy Update October 6, 2023

By Kymberly Franklin posted 10-09-2023
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October 6, 2023 Public Policy Update Hello everyone. Whew! The federal budget crisis that was the talk of the town last week has been averted. Well, at least until Nov. 17th that is. If you recall from my previous update, the National Flood Insurance Program (NFIP), as well as some other important real estate-related programs, were at risk of lapsing in the face of a potential government shutdown. The NFIP is a critical component in many mortgages throughout the country. Without an extension of the NFIP, the program cannot issue or renew policies where flood insurance is required for a mortgage. NAR estimates that an extended lapse of the program ...
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