BROKERS NEED TO KNOW MARCH 2014 SUPRA KEYBOX EXCHANGE COMING SOON Put your keybox exchange appointment on your calendar now! 18th - 20th. The exchange will be held at the Mukogawa Ft. Wright Commons, March Exchange appointments are based on your last name - please come at the time scheduled for you and plan on an hour to complete your exchange. The keybox exchange event flyer, which includes the schedule of appointments, is available among the supporting documents to this newsletter. If you absolutely cannot make your scheduled keybox exchange appointment, you may delegate someone else to conduct the exchange for you. That person must have a signed Keybox Authorization Form signed by you to act as your agent. The Keybox Authorization Form is available among the supporting documents to this newsletter. KEYBOX FAQ – BROCHURE - VIDEO The SAR has prepared a document answering some Frequently Asked Questions on the keybox exchange. Read that document among the supporting documents to this newsletter. See the iBox BT product brochure, online here: http://www.supraekey.com/Documents/iBoxBT_brochure.pdf See the iBox BT product video, online here: http://www.supraekey.com/Media%20Library/Bluetooth_iBox_16x9_V1.0.wmv Page 1 of 5 HEALTH INSURANCE DEADLINE: MARCH 31 The Affordable Care Act requires you to be enrolled in a Qualified Health Plan by the end of this month (March 31). If you do not comply, the federal government will take its penalty fee out of your tax refund next year or add an additional amount of tax due. The National Association of REALTORS® offers a members only Health Insurance Marketplace to help you find a policy that complies with the law and considers the unique needs of REALTORS®. Visit the REALTOR® Insurance Marketplace online here: http://www.realtorsinsurancemarketplace.com/ Visit the Washington State Insurance Marketplace online here: https://www.wahealthplanfinder.org/HBEWeb/Annon_DisplayHomePage.action YOU BE THE JUDGE – MARCH Here is a new You Be The Judge for March: Case #1-20: REALTORS® Buying and Selling to One Another are Still Considered REALTORS®. Those who decide correctly will be entered in a drawing for a Starbucks coffee card! The winner will be announced next month. Read the case and submit your judgment online here: http://www.spokanerealtor.com/information-center/code-of-ethics-/you-be-the-judge Congratulations Yvonne DeBill, Windermere Manito, our January Starbucks card winner!! JANUARY ANSWER: It was concluded that REALTOR® B was in violation of Article 1 of the Code of Ethics. From Case #1-17: Listing Property at Excessive Price. Last month's case is online here: http://www.spokanerealtor.com/information-center/code-of-ethics-/prior-month-you-be-the-judge Page 2 of 5 HOME PRICES UP SLIGHTLY Spokane's median sales price in February grew 3.8 percent from January and 3 percent from one year ago, said Rob Higgins, executive officer with the Spokane Association of Realtors. Reading the numbers, we see one-third of existing homes sold in Spokane during February were distressed sales. Read the complete article in The Spokesman-Review, online here: http://www.spokesman.com/stories/2014/mar/07/spokane-home-prices-rise-slightly-despite/ NAR REPORT: HOME BUYER AND SELLER GENERATIONAL TRENDS The National Association of REALTORS®, this week, released its new report on Home Buyer and Seller Generational Trends. The report tells us that . . . All homebuyers now begin their home buying process online. Younger buyers buy older homes; older buyers buy newer homes. Younger buyers prefer to communicate with their REALTOR® by email and text message; older buyers prefer to communicate with their REALTOR® on the phone. See the complete report among the supporting documents to this newsletter. LISTHUB REPORT FOR FEBRUARY ListHub allows offices to create a free account to manage the third party websites your listings are distributed to automatically. The office can subscribe to receive reports about what those sites are doing for their listings, but the SAR receives a monthly overview. At the start of each month, we will share these "filtered" reports to help you understand what consumer traffic is doing in the Spokane market on these national websites. Please note: the report includes listings and sites that are sent through ListHub. REALTOR.com® is not powered by ListHub so is not currently ranked in these monthly reports. The February ListHub report is included among the supporting documents to this newsletter. Page 3 of 5 NAR 2014 NEW MEMBER ORIENTATION VIDEO NAR has prepared a new 22-minute video, introduced by 2014 NAR President Steve Brown, to share valuable information for new members to help them realize their full benefits of membership from the National Association of REALTORS®. See the video online here: http://www.realtor.org/videos/nar-2014-new-member-orientation-video FEBRUARY MARKET STATISTICS Lockbox statistics SAR members may access the latest Spokane area market statistics any time online here: http://www.spokanerealtor.com/mls/market-activity-mls-stats Page 4 of 5 SPOKANE OPEN HOUSE WEEKEND Mark your calendar for the weekend of May 31 - June 1 for the 2014 Spokane Open House Weekend! This event replaces the Nationwide Open House event that has been cancelled by NAR. More information coming soon! WR SPRING BUSINESS CONFERENCE Welcome to the 2014 Washington REALTORS® Spring Business Conference - April 23-25, 2014. This year, the Spring Business Conference will take place at Suncadia Resort in Cle Elum. For more information, click here: http://www.warealtor.org/news-events/spring-business-conf-2014/ --==-- Page 5 of 5