RAHB welcomes new members!

The REALTORS® Association of Hamilton-Burlington extends a warm welcome to its newest members from May 20 to June 21, 2017!

 

Joey D’Ambrosio
Ambitious Realty Advisors Inc.

Yuriy Nesvit
Apex Results Realty Inc.

Emily Sidawi
Chase Realty Inc.

Jessica Cocks
Coldwell Banker Community Professionals

Cyril Crasto
Colliers Macaulay Nicolls Inc.

Christine Bellavia
G. Walker Real Estate Inc.

Cosimo De Santis
Keller Williams Edge Realty

Rebecca Windfeld
Michael Graham Smith Real Estate

Kim Ludwig
PC275 Realty Inc.

Charlene De Silva
RE/MAX Realty Enterprises Inc.

Gabrielle Neveu
Right At Home Realty Inc.

Meaghan Lazenby
Rock Star Real Estate Inc.

Jennifer Avon
Isabel Zulian
Royal LePage Burloak Real Estate Services

Jordon Tillotson
Royal LePage Niagara Real Estate Centre Inc.

Soni Brar
Matthew Cosentino
Royal LePage State Realty


Thank you to our sponsor:

Hamilton Economic Development Ad

Applications for the 2017 Karan Barker Scholarships are now available!

Does your daughter or son – or granddaughter or grandson – qualify for a Karan Barker Scholarship?

Does she or he…

1. attend, or have an acceptance to attend, university or community college?

2. demonstrate academic excellence? Get involved in school activities or the community?

3. show maturity, initiative and/or strength of character?

If this sounds like your child or grandchild have them complete an application for a 2017 Karan Barker Scholarship!

Application deadline is Friday, August 11, 2017.

Karan Barker Scholarship

Report data errors

If you spot an error on a listing or you think a member’s listing violates a RAHB rule or MLS® policy, there is an easy way to report these issues.

In both Fusion and Matrix, clicking on the Icon icon in the listing details opens an email window for reporting an error. The MLS® listing number and address are automatically recorded in the email, so you need only to explain the issue or infraction and click send. These emails are received, reviewed and  followed up by our MLS® staff.

Your assistance in reporting errors and issues is appreciated, because it helps to keep the MLS® data reliable for you and all other members.


Thank you to our sponsor:

ACISS

Bay Area leaders connect to push the region forward

Bay Area Economic Summit

The Bay Area Economic Summit held Tuesday, June 27, 2017, created in cooperation with a regional advisory committee, focused on four interrelated topics.

1. Innovation Corridor: benefits for Bay Area companies, start-ups, entrepreneurs, institutions1. Innovation Corridor: benefits for Bay Area companies, start-ups, entrepreneurs, institutions and not for profits

2. Regional Goods Movement: the Bay Area play  for improved connectivity

3. Climate Action: economic advantages for the  Bay Area community 4. Smart Intensification: compact development  of employment and residential lands in the Bay Area

4. Smart Intensification: compact development 4. Smart Intensification: compact development  of employment and residential lands in the  Bay Area

 

Marquee speakers included Premier Kathleen Wynne; Tom Jenkins, board chair of OpenText Corporation and a key champion of global competitiveness; and Birgit Matthiesen, a highly respected commentator on Canada-U.S. trade.

The day also included a conversation between McMaster’s Marvin Ryder and David Cheney, Managing Partner of Bedrock Industries and new owner of Stelco as of July 1, 2017.

RAHB President Lou Piriano participated in a panel entitled Effective Intensification of Residential and Industrial Lands in the Bay Area, where he discussed intensification from the REALTOR® perspective.

Presentations will soon be posted at www.bayareasummit.ca.

Royal LePage swings for shelter!

Royal LePage Golf Tournament

(l-r) Rob Landry, Shawn Zigelstein, Chris Keleher and Adam Lempka

Royal LePage Burloak Real Estate Services hosted its 15th Annual Charity Golf Tournament on June 7th, 2017 at Crosswinds Golf & Country Club. One hundred sixty-four golfers and  volunteers turned up to enjoy the beautiful  weather and a round of golf in support of  the Royal LePage Shelter Foundation.

This year’s tournament raised $34,000, making the total donated to the Foundation over 15 years at $316,500!

Ethics Corner: Are your open house and directional signs legal?

Signs

Did you know that your signs must comply with all municipal sign bylaws?

MLS® Rules & Regulations, MLS® Rules & Regulations, Section 10 – Advertising 10.03 Signs giving notice of sale, rent, lease, development, exchange or open house… may only be erected on locations that  conform with Municipal and Provincial  sign legislation, all applicable laws,  regulations, codes and bylaws.…

You must abide by the sign bylaws of the municipality/region in which your listed property is located:You must abide by the sign bylaws of the municipality/region in which your listed property is located:

Burlington – By-law No. 034-2007 http://bit.ly/29LT5Ik  (Click on “Download Original  By-law” – see especially page 19)

Grimsby – By-law No. 97-45 http://bit.ly/2a8QpnJ

Haldimand – By-law No. 1064/10 http://bit.ly/29TBZWw (references throughout  the document)

Hamilton – By-Law No. 10-197 http://bit.ly/29LLSIg  (see especially page 27)

Why is it important?

Open house/directional sign bylaws exist to ensure that sight lines for drivers and pedestrians are unobstructed and, in some cases, so that signs are not left to clutter boulevards, medians, etc.

If your signs do not comply with municipal sign bylaws, they may be seen as causing a visual distraction, adding to what may be perceived as unsightly clutter, and as lacking professionalism.

Consequences

  1. Municipalities have fines for removing and storing signs that don’t comply with their bylaws.
  2. A complaint may be filed with RAHB’s Professional Standards Committee.

If you see a sign that doesn’t comply with municipal bylaws, you can:

  • Contact the owner of the sign and remind him or her of the sign bylaw for that municipality
  • Contact the municipality in which the sign is  located and let them deal with it as a non- compliant sign
  • Take a time- and date-stamped photo clearly showing the location of the sign and forward it  to the RAHB Professional Standards Committee (c/o Angela at the RAHB office – angelam@rahb.ca)  along with a letter of complaint that cites the bylaw that is being breached.

Note: RAHB cannot enforce the municipality’s sign bylaw; it can only enforce its rule requiring compliance with the bylaw. 

Be aware that bylaws differ from municipality to municipality, so what is non-compliant in Burlington, for example, may be compliant in Grimsby or Hamilton or Haldimand. If you see a sign that doesn’t comply with municipal bylaws, you should NEVER remove the sign – members may never interfere with another member’s sign.

Media Roundup – RAHB in the news (June 2017)

Jump in house listings may signal a cooling in Hamilton’s hot housing market (CBC Hamilton)

Is this a sign of a rebalancing of the market the province was hoping for? The official housing market numbers for May won’t be out for a few days, but early indications show a big jump in the number of homes for sale in the Hamilton and Burlington real estate market as of early this week.

‘Healthier’ housing market emerging as listings spike in May in Hamilton (CBC Hamilton)

A record-breaking number of homes were listed for sale in the Hamilton area last month, according to new data from The REALTORS® Association of Hamilton-Burlington (RAHB). And that spike marks a measurable move toward a “healthier” and more balanced market, says the area’s real estate board.

Increase In Listings As Investors Cash Out (Hi Business)

The current stats that was released showed that existing owners and investors seem to have cashed out of the blazing real estate market. In the course of last month as stated by the REALTORS® Association of Hamilton-Burlington, latest listings went up in Hamilton as existing home owners made best use of the blazing market.

Hamilton real estate boom expected to continue despite big listings spike (Hamilton News)

Numbers released June 5 by the REALTORS® Association of Hamilton-Burlington show a record 3,208 new listings processed last month, a whopping 41.1 per cent increase over the previous May.

Hamilton area bucks trend as GTA home sales plummet in May (Hamilton Spectator)

Home sales in the Greater Toronto Area plunged 20 per cent last month compared with a year ago, according to the latest data from the country’s largest real estate board. But the GTA’s slide is in contrast to the continuing hot market in the Hamilton-Burlington area, which boasted 3,208 new listings in May, a whopping 41 per cent increase from the same month last year, and nearly 35 per cent higher than its 10-year average.

Hamilton home prices post record increase in May despite Ontario’s ‘cooling’ measures (CBC Hamilton)

The listings increase was announced last week by the REALTORS® Association of Hamilton-Burlington, and showed 3,208 new listings were processed through the organization in May, which is 41.1 per cent higher than May of last year and 34.8 per cent higher than the
10-year average.

Homeowners Decided to Cash In (The Bay Observer)

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a record 3,208 new listings were processed through the RAHB Multiple Listing Service System in May, which is 41.1 per cent higher than the same month last year and 34.8 per cent higher than the 10-year average.

REALTORS Care® Foundation Motorcycle Ride for Charity (93.3 CFMU Radio)

On July 5th, REALTORS® across Ontario will be riding their motorcycles and gathering across Hamilton, Brantford, Kitchener-Waterloo, Grey Bruce Owen Sound, Huron Perth and Sarnia-lambton to raise money to assist a variety of local shelter-related charities in each  of these communities.

20 questions with George O’Neill, CEO of REALTORS® Association of Hamilton –Burlington (Hamilton Spectator)

From business to life advice, this piece covers it all. Get to know RAHB’s CEO!


Thank you to our sponsor:

Services Spotlight: From RAHB Government Relations…

RAHB Government Relations

Did you know that RAHB has its fingers on the pulse of what’s going on municipally, provincially and federally through its Government Relations Committee? And that RAHB has built relationships with business organizations to become an influential member of the community?

Your association is very much part of the local and wider communities so that your interests – and those of home buyers and sellers – are considered and protected when decisions are being made.Your association is very much part of the local and wider communities so that your interests – and those of home buyers and sellers – are considered and protected when decisions are being made.

 

Here are just a few of the ways RAHB has been involved in local, provincial and national issues:
  • RAHB’s leadership and Government Relations Committee representatives participate in annual CREA and OREA Political Action Conferences,  where the big event is meeting with local MPs and MPPs to discuss real estate-related issues. These relationships are built further at local visits with  the same representatives.
  • RAHB worked to dissuade Hamilton City Council from adopting landlord licensing and to encourage the city to develop and present a program to encourage landlords to safely create secondary suites through simple, legal means. As this conversation continues at City Hall, RAHB has  a voice at the table to ensure affordable housing is maintained in a safe way.
  • In 2015, RAHB’s Government Relations Committee successfully lobbied City Councillors to discourage them from considering asking for powers to impose  a municipal land transfer tax.
  • RAHB partnered with the Hamilton Chamber of Commerce and Hamilton-Halton Home Builders Association in the 2014 civic election. Together, as the Hamilton Business Leaders, the group hosted a Q&A with the mayoralty candidates.
  • Representatives from RAHB are consistently invited to participate on committees, as part  of focus groups and in other forms of stakeholder engagement in Hamilton, Burlington and beyond, allowing members voices to be heard as well and information to flow both ways.
  • RAHB holds membership in all Chambers of Commerce of communities within its boundaries,  and actively participates in Chamber activities in Hamilton and Burlington through sponsorship of events, including most recently, the Bay Area Economic Summit.

Thank you to our sponsor:

Ross and McBride

RAHB Calendar

Mark your Calendar

Held at RAHB – 505 York Blvd. Lower level room: T – Thompson    P – Purnell

Goverance & Bylaw Committee
Tuesday, May 16 – T, 9:30 a.m.

Goverment Relations Committee
Tuesday, May 16 – P, 9:30 a.m.

Finance Committee
Tuesday, May 23 – T, 9:30 a.m.

Board of Directors
Thursday, May 25 – T, 9 a.m.

MLS® Committee
Wednesday, May 31 – T, 9:30 a.m.

 
Upcoming Event

RAHB Charity Golf Tournament
Thursday, May 18, 2017
Beverly Golf and Country CLub
1211 2nd Concession Rd. W., Copetown
SOLD OUT

CREA News – New FINTRAC requirements soon in effect

New FINTRAC requirements that were announced in 2016 are just now coming into effect for REALTORS® on various dates starting June 17, 2017.

 

These changes will affect you in four ways:

1.The way you identify individuals has been improved to add more flexibility.

There are three methods for identification:

  • Using a single piece of government-issued photo identification
  • Verifying that the client’s name, date of birth and address match information obtained from a Canadian credit bureau that has been in existence for at least three year
  • Using two original, valid and current documents or information from independent and reliable sources, such as utility bills or bank statements

2. Whenever your brokerage uses a mandatary to identify a client on your behalf, you will now have to keep more detailed records of when you received identification information from the mandatary. You will also need to review the information to make sure nothing is missing.

3. The regulations expand on existing obligations to keep a record when you use reasonable measures to satisfy certain obligations under the law. The reasonable measure record obligations are reflected in:

  • New sections A.4 and B.1 in the Individual Identification Information Record
  • New sections A.3 and B.1 in the Corporation/Entity Identification Information Record
  • New section E of the Receipt of Funds Record (which has also been reorganized to reflect additional FINTRAC guidance)
  • New records related to large cash transactions and suspicious transactions

4. Clients who have been identified by your brokerage in the past do not need to be identified again if you or your Broker of Record/Manager have no doubts about the information you obtained previously.

 

This is only a very brief summary of the changes taking effect in June, 2017. To read the details and get the information you need about changes to forms and what it all means for you, go to the CREA site on REALTOR Link® and check out the new information in the Compliance Centre. [REALTOR Link > CREA > Resources and Compliance > Compliance Resources > Money Laundering (FINTRAC)].

 

Once you are on the FINTRAC page, be sure you check out the links to helpful documents near the bottom of the page – all the material has been updated. The FAQ document may be particularly helpful.

 

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All CREA forms have been updated to reflect your new obligations under FINTRAC.  Revised forms are now available on WEBForms®.
(Note:  you may use your old forms until June 17, 2017. After that time, only the revised forms will satisfy your obligations.)

Four advertising shortcuts that lead to consumer complaints

RECO often gets complaints from consumers about advertisements for the home they have bought or sold. Here are four advertising issues that often upset buyers and sellers. Each one could be a breach of the Code of Ethics if you don’t take proper steps and obtain the necessary consent.

 

  1. Their listing shows up where they didn’t expect it

When brokerages share data, listings often end up captured and advertised by another brokerage through a shared advertising agreement. This can catch consumers by surprise if this isn’t how they thought the brokerage would market their home. If the listing will appear across multiple sites, make sure the seller is aware and they’re okay with it. Fully explain the implications of advertising or promotional clauses in listing agreements, and keep in mind sections 3, 4, and 5 of the Code of Ethics.

 

  1. Ads that include images of the home they just bought

Before the transaction is completed, you only need the seller’s written consent to advertise the property. However, after the deal has closed, the buyer’s consent in writing is also required, even if you’re only placing a simple ad that shows the property as sold. See section 36 (8) of the Code of Ethics.

 

  1. Ads that contain info about the buyer or seller

Even if the owner of the property has consented to advertising their property, they may not want any information about themselves to be included. If you want to include any information about either party of the transaction, you must get written consent from that party. See section 36 (7) of the Code of Ethics.

 

  1. Ads that contain info about the transaction

If your ad will include pricing information, or any other aspects of the deal, you need to obtain written consent from both parties. Even if you’re only advertising that the property sold for over asking, that’s private information that requires their permission. See section 36 (9) of the Code of Ethics.

 

REMEMBER TO DEAL WITH THE OTHER PARTY VIA THEIR REPRESENTATIVE

When obtaining consent from the other party, it’s important to communicate with them via their representative. For example, if you are representing the seller, you must obtain consent from the buyer via their representative, unless the buyer’s brokerage has given you written permission to talk to the buyer directly. See section 7 (1) of the Code of Ethics.

 

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This article was originally published by RECO on February 28, 2017. 
Reprinted with the permission of RECO.