NAR Chief Economist Lawrence Yun predicts more robust homebuying activity in 2025. Here’s what you can do to be ready. From NAR.
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You have the power to be more innovative, responsive and effective. Here’s how. From NAR.
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Residents question the size of the proposed apartment project. VailDaily.com.
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The Vail Multi-List Service will remove the commission fields in the MLS (Flex System) on August 1, 2024, as part of our compliance with the NAR Settlement. This change is being implemented ahead of the required date of August 17th to ensure compliance with the settlement terms, safeguard the MLS from future risks, and continue providing a centralized marketplace for listings in the Vail Valley.
The VMLS Board of Directors made this decision after careful consideration of our organizational needs. Although we considered the timelines and needs of other entities and stakeholders, we had to operate independently. Our timeline was developed as soon as the settlement was announced on March 15th, with the original implementation date set for July 17th.
The Division of Real Estate recently announced new contracts for use starting August 15th. This creates a gap between the elimination of the compensation fields on August 1st and the release of the new contracts on August 15th. VMLS is committed to assisting you throughout this process but is limited in the guidance and advice we can provide, as Colorado contracts are governed by the Division of Real Estate. We cannot guide or dictate individual business practices due to anti-trust laws.
To help you navigate this timing gap, the Colorado Association of REALTORS® (CAR) General Counsel, Scott Peterson, has created a 10-minute video titled "Mind the Gap" to assist you during this period. VMLS will be diligently promoting this video to our participants and subscribers over the next few weeks.
CAR also hosted a webinar on new contracts last Monday. The recording can be found here. VBR is hosting several classes over the next few months to support these industry shifts.
VMLS is committed to supporting our participants and subscribers through these changes. This has been a challenging time for the industry, but Realtors® are resilient and will continue to thrive as valuable advisors to buyers and sellers. You are encouraged to reach out to your legal counsel or take advantage of the CAR Legal Hotline that is available for legal information at no cost to Realtors®.
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Mind the Gap (MLS participants) |
Scott Peterson, Colorado Association of REALTORS® General Counsel has an extremely helpful video for MLS participants whose practice changes are being implemented before the August 15th release of the new forms.
Reminder: VMLS is removing compensation fields on August 1st and contracts cannot be used until August 15th. VMLS participants have a gap between removal of fields and new forms.
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UPDATE: Compensation fields removed August 1
As of August 1, 2024, all compensation fields will be removed from the MLS. Compensation fields will not be available on any current listings, regardless of status, nor for data entry on any new listings after July 24th.
There is no action if you have a listing in the VMLS Flex system, this removal will take place automatically.
New VMLS Bylaws and Rules and Regulations are linked below - and will be effective upon publication. A summary of all the changes to the MLS rules is also linked below.
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Resources for Colorado Brokers
The Colorado Association of REALTORS® provides MLS Practice Changes Resources. This page includes...
- A video with Scott Peterson of CAR on contracts changes
- Brokerage Firm Compensation Agreement Form
- Buyer Agreement FAQ
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Upcoming CAR webinar on new contracts
In Scott Peterson's previous webinar he addressed the 2024 Contract modifications related to the MLS Practice Changes ONLY. In Version 2, he will be reviewing ALL THE OTHER CONTRACT CHANGES that will be mandatory beginning August 15, 2024, and included in the NEW Colorado Real Estate Commission’s Contract to Buy and Sell – Residential.
“All the OTHER Contract Changes!”
Monday, August 5
10:30 a.m. to Noon
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NAR webinars on best practices
The National Association of REALTORS® is providing Realtors® with three webinars, available to members ONLY, on learning.realtor about navigating the upcoming practice changes. These are scheduled for:
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August 1st at 2:00 p.m. CT/ 1:00 p.m. MT (Link available HERE)
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August 5th at 11:00 a.m. CT/ 10:00 a.m. MT (Link available HERE)
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August 15th at 3:00 p.m. CT/ 2:00 p.m. MT (Link available HERE)
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Get the facts regarding NAR proposed lawsuit settlement.
The links below include access to updated resources from the National Association of REALTORS®.
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10 Things for REALTORS®
Wednesday, August 7
9:00 to 11:30 a.m.
2 CE credits.
Join Scott Peterson, General Counsel for the Colorado Association of REALTORS, for his annual "10 Things for REALTORS®" course. This year includes a special "What You Do" presentation. As agents and REALTORS® you do a lot for buyers and sellers. Scott explains how (and why) you can ensure they understand the professional expertise and services you provide.
This will be hosted off-site at Colorado Mountain College in Edwards.
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Listing Contracts
Wednesday, August 14
1:00 to 4:00 p.m.
3 CE credits.
Taught by Charity Vermeer, this class reviews listing contracts using redline versions of the new Colorado Real Estate Commission approved Contracts and Forms. The effective date of the new Contracts and Forms will be August 1, 2024. Redline versions will be used for this class.
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NAR Ethics
Thursday August 15
8:30 a.m. to 12:30 p.m.
4 CE credits.
Ethics must be completed once every three years. The current cycle is January 1, 2022, through December 31, 2024 - for all REALTORS® and Appraisers.
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Board application is open
The Vail Board of Realtors® and Vail Multi-list Service provides essential services to over 800 VBR members.
At this time of year, we look to Realtor® Members for new leadership to guide us into the future. We have openings on VBR & VMLS Boards of Directors, as well as on committees and task forces for those who are newer to volunteer leadership. Please, consider joining the Realtor® leadership ranks.
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Affiliate Spotlight
Join SteamMaster for an Open House Mixer as we celebrate 46 years in business with food, drinks, networking and Art Gallery Opening!
Friday, August 9
5:00 - 7:30 p.m.
Please click the flyer in the link to RSVP.
SteamMaster Restoration and Cleaning's many services include water and fire damage restoration, mold remediation, carpet and hard surface cleaning, and crawl space repairs.
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Business + Affiliate Expo
We hope to see you at our Business & Affiliate Expo! This is an excellent networking opportunity to connect with our Affiliate business partners and fellow Realtors®.
Door prizes will be raffled, including two YETI coolers! We'll provide lunch too.
Thursday, August 8
EagleVail Pavilion
11:30 a.m. to 1:30 p.m.
Please RSVP for an accurate headcount for food. This event is FREE for VBR Realtors and Appraisers. $10 for other members and guests.
More info to follow on prizes and Expo exhibitors.
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Check out the Affiliate Directory!
There are approximately 200 VBR Affiliates offering services ranging from lending, home services, legal, home inspection, and more.
Visit our Affiliate Directory page (We have two directory options to search). We also have a print version available for members and clients. Let us know if you need a print directory!
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Fairhaven is free fair housing simulation training for REALTORS® that uses the power of storytelling to help members identify, prevent, and address discriminatory practices in real estate.
VBR aims to have 65 members complete the Fairhaven program by the end of 2024. Log into your National Association of REALTORS® account and visit Fairhaven today.
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Free wildfire mitigation offered
Eagle County homeowners can receive FREE wildfire mitigation property assessments. More information is available at RealFire.net.
Please take some time to educate yourself, clients, and fellow community members.
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Member Benefits & Programs
As a Realtor®, your membership includes National, State, and Local. Affiliates also receive benefits as a VBR member. We provide the tools to enhance professionalism in the real estate industry.
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Members only: Monthly market stats
Log in at VBR.net to see monthly stats, including an overview of residential real estate and detailed reports of each area in Eagle County.
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Find trusted industry-related partners in the Vail Board of Realtors®' Affiliate directory.
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A list highlighting the newest Realtor® and Affiliate members. |
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Help strengthen the VBR's events, services, member offerings, and initiatives. |
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The Competition.Realtor website is available for Realtors®, and it provides a comprehensive overview - and talking points - of how Realtors® and the local MLS broker marketplaces benefit consumers.
The Vail Board of REALTORS® also makes this available on our "Why Use a REALTOR®" page on our website to help the public understand the value of REALTORS®.
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Put your safety first - with free tools available to members! |
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SafeShowings deters criminal behavior, allows you to notify emergency contacts, and mark yourself as safe through the app.
Learn how it works and register today to use SafeShowings (see link below)!
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FOREWARN allows agents to have instant due diligence on prospects.
VMLS members can verify a prospect’s identity, criminal records, bankruptcies, liens, judgments, address history and property records in one place, leading to safer and more productive interactions.
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Education Quick Links
Visit VBR's Education Requirements page for more info on Code of Ethics, license cycle requirements,and more. A reminder: Please stay organized, and keep paper or virtual copies of your certificates.
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Tracking education requirements
The VBR provides a helpful spreadsheet to help Colorado Brokers track their professional development.
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Earn the Vail Pro Designation |
Increase your knowledge in the real estate industry and become a local expert! The Vail Pro Designation is an educational program open to ALL VBR Realtor and Affiliate members!
Classes are free for VBR members.
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Welcome Home Bags available as free closing gifts
The Welcome Home Bag Program is a FREE benefit available for REALTOR® members who sell a home. Call 766-1028 to schedule a pick-up or email matt@vbr.net.
The bag is a great gift for your buyer clients. Each cooler bag includes a picnic blanket, set of wine tumblers, and a reusable shopping tote. It is also a great way to promote our REALTOR® and Affiliate members.
Affiliates: Sponsorship opportunities are available for one of the items. Please contact mel@vbr.net.
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You can easily access your account with the Vail Board of REALTORS® to register for events, pay invoices, and update your contact information. |
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If you have not yet created your account, click the link below and enter your name and contact email (Make sure it's the email we have on file for you). Once you hit submit, you will get a follow-up email to finish setting up the account.
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HELPFUL CONTACT INFORMATION |
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VBR TEAM
Association Executive
MLS Director
Member Services & Office Manager
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SUPPORT LINES
Flexmls Support:
888-525-4747
7:00 a.m. to 8 p.m.
Monday - Friday
Tech Helpline:
Phone: 866-619-8170
Sentrilock Support:
Phone: 877-736-8745
ShowingTime & InfoSparks:
8:00 a.m. to 5:00 p.m. Monday - Friday
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Vail Board of Realtors
970-766-1028 | www.vbr.net
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