Ethics corner

An Ethics Q&A: Assistants – does a real estate license make a difference?

Q:  I have an unlicensed assistant.  Can he do cold calls for me?

A:   RECO has been consistent in its advice regarding sales representatives and brokers hiring unlicensed assistants: these assistants cannot undertake any activity that falls into the category of “trade”. “Trading” would include activities such as being on-site at open houses, door knocking in a farming area, phone solicitation, showing properties, or being a participant at an offer or listing presentation – this is only a partial list.

If you want to read the full version of what the Registrar has to say about it, click here.

(Information taken from RECO’s Registrar’s Bulletin, March 7, 2012)

Professional Development for REALTORS®

How Money Works
Thursday, November 7, 2016
10:30 a.m. – 12:30 p.m.
Free
Registration


MPAC Assessment 101
Thursday, December 8, 2016
10 a.m. – Noon
Free


Assignments – Condos and Others
Wednesday, January 25, 2017
9:30 a.m. – 12:30 p.m.
$45+HST

 

Designation Courses

REIC 2600 Ethics in Business Practice
*(Elective towards  REIC Designation, e.g. FRI)
Monday – Wednesday, November 14, 15 & 16, 2016
9a.m. – 4:30 p.m.
$625+HST
Registration

 

ABR® Accredited Buyer’s Representative
Monday, November 28 & Tuesday, November 29, 2016
9 a.m. – 4:30 p.m.
$325+ HST
Registration

 

All courses will be held at the RAHB office (McCullough Room, lower level).  Contact Angela for more information or to register – angelam@rahb.ca or 905.529.8101 x233.

RealTrack available at RAHB

The RealTrack service is available for all members’ use in the RAHB Resource Centre.

What is RealTrack?

RealTrack is a licenced database for searching commercial real estate transactions of $500,000 and over, for properties located in Ontario.  Compiled from land title documents, telephone interviews, site visits and other sources, RealTrack collects, confirms and publishes the information of over 107,500 property transfers dating back to 1996.  The database grows at a rate of 100-150 new transactions every week.

Property information includes:

  • address/location
  • transfer date
  • consideration details (cash and assumed/vtb debt)
  • party contact information
  • street level and aerial photos (with site boundaries)
  • dynamic maps
  • property descriptions including type, size and number of units
  • description of site boundaries
  • financing details
  • broker/agent contact information

Access to RealTrack in the RAHB Resource Centre is by chance or by appointment (one user session at a time).  Contact Kathy (kathyr@rahb.ca) or Nancy (nancyd@rahb.ca) to reserve your time today!

RCN Networking Luncheon

The RCN presents Jason Thorne, General Manager of Planning and Economic
Development, City of Hamilton, who will share updates and insights relating to
the City’s current and future development.

Friday, December 2, 2016
Scottish Rite Club
4 Queen St. S., Hamilton
11:30 a.m. — Networking
12 noon — Lunch

$35+HST (includes hot buffet lunch)

To register contact Kathy kathyr@rahb.ca

(Late cancellation: no registration fees will be refunded after November 24, 2016)

RAHB Service Awards

Do you know a RAHB member who has been an exceptional volunteer within the Association or around their community? If so, consider nominating them for the upcoming RAHB Service Awards! Award nominations will be open from November 6 – December 6, 2016 and will be presented to winners at the Annual Appreciation Gala in January. If you need assistance or have any questions, email sheilas@rahb.ca.

Volunteer of the Year Award
Awarded to a RAHB member who has served on one (or more) RAHB committee(s) in 2016 and has demonstrated exceptional enthusiasm and perseverance or has gone above and beyond to serve their fellow members.

Fill out the Nomination Form

Award of Merit
Awarded to a RAHB member who is a consistent, long-term volunteer and has demonstrated exceptional dedication and service to the Association by positively contributing to RAHB for a period of no less than three years.

Fill out the Nomination Form

Outstanding Community Service Award
Awarded to a RAHB member who has shown outstanding dedication to the real estate industry and exceptional volunteer service to their community for no less than three years.

Fill out the Nomination Form

Why nominate someone for a RAHB service award? Here’s what 2015 Outstanding Community Service Award Winner Nancie Mleczko has to say!
awards-testimonial

Enter your dish in Chili Days!

A Meet-the-Candidates Cookoff

RAHB is pleased to announce that we are holding a hot new pre-election event on November 21, 2016 –the Chili Days Meet the Candidates Cookoff!

Do you think your chili really brings the heat? Want a chance to win some great door prizes and be crowned Chili Supreme? Then enter your chili dish and show RAHB members what your crockpot skills are made of!

This event is a great opportunity to meet the candidates for the upcoming Board of Directors election, to ask questions about the election process, and to vote on your favourite chili dishes!

To add some extra spice, non-perishable food bank donations will also be accepted at the door.

So come on down, meet the candidates, check out the chili and season the moment!
chili-flyer-3

 

chili-days-sign-up-sheet

See you at the Annual Election Meeting!

RAHB Election 2016

Why should you attend the RAHB Election Meeting on Wednesday, November 30, 2016?  Here are some great reasons to be there:

  • We will be voting on some bylaw changes so we must have a quorum. Have your voice heard and vote on issues that matter to you!
  • RAHB will be presenting Karan Barker Scholarships to some very deserving students. These scholarships go to children and grandchildren of RAHB members, so it’s a family affair!
  • Representatives from CREA will be on hand for a CREA Open House! CREA will be here to talk about what CREA does with members’ dues and how they do it. Hear about upcoming developments to REALTOR®.ca, WEBForms®, CREA DDF, federal lobbying, the National Ad Campaign and more!
  • And, of course, come out to vote for the candidates of your choice and to witness the swearing in of the 2017 Board of Directors.

You are planning to vote in the advance electronic poll?  No problem – you can still come out to the Annual Election Meeting and see who will be the new directors on the 2017 Board.

RAHB Annual Election Meeting
Wednesday, November 30, 2016
Royal Botanical Gardens
680 Plains Road West,  Burlington
9 a.m. registration and light breakfast
9:30 meeting begins

Watch for more details about the candidates for election, electronic voting, proxy deadlines and Annual Election Meeting details in your email inbox.  In the meantime, here’s the election schedule:

Wednesday, November 16 – Slate of Candidates emailed to Members
Monday, November 21 – Meet the Candidates at RAHB’s Chili Cookoff
Tuesday – Thursday, November 22, 23 and 24 – Electronic Voting available
Monday, November 28 – Deadline for depositing proxies with the Association
Wednesday, November 30 – Annual Election Meeting

Musings from RAHB CEO George O’Neill

People often say that, in a democracy, decisions are made by a majority of the people.  Of course, that is not true. Decisions are made by a majority of those who make themselves heard and who vote – a very different thing.  ~ Walter H. Judd

Every year, RAHB holds an election for new Directors for the Board of Directors. The election is an important part of association life, as the resulting Board of Directors is empowered to make decisions on behalf of all members.

When your vote has such important consequences, how do you know whom to vote for?

RAHB offers several ways for you to learn more about the candidates for the 2017 Board of Directors.

First is to watch their videos and read about why the candidates believe they are good choices as Directors. Links to candidates’ videos and statements will be emailed to all members along with the final slate of candidates on Wednesday, November 16. They will also be posted on the electronic voting site. Even if you don’t vote early via electronic ballot, you can still watch the videos and weigh what the candidates say before you cast your vote at the Annual Election Meeting.

Next, come to the “Meet the Candidates” event on Monday, November 21. Our candidates will be on hand to talk about the election and what they would bring to the Board table, and you can ask them how they will represent you.

This year, the Meet the Candidates event is being held with RAHB’s first-ever Chili Cookoff, so bring your questions for the candidates and your appetite for the chili competition – you can begin your voting early by voting for best chili of the day!

And then there’s the Annual Election Meeting on Wednesday, November 30. Each candidate will have an opportunity to talk a bit more about themselves and why they are running for the position of RAHB Director, so you have one final chance to hear what they have to say. And then it will be time to vote for who you think are the best choices for the RAHB Board of Directors.

With so many opportunities to learn more about the candidates who want to represent you, you can certainly be casting a very informed vote.

Just a word about the Annual Election Meeting ….

Please plan to come to the meeting on November 30, even if you have already voted in the advance electronic poll. We will have bylaws to vote on, a CREA Open House, scholarship presentations and a brief look at the past year, all in addition to the election and the swearing in of the 2017 Board of Directors. We have a packed agenda of items important to you as a member, and I hope to see you at the meeting.

*****

While I am looking ahead to the annual election of Directors, I must also talk about the REALTORS® 4Kids Annual Charity Auction on Thursday, November 17. This is a great evening of good fun and good cheer, all for a great cause. Tickets are only $60 each or $600 for a table of 10 – contact Sheila (sheilas@rahb.ca; 905.529.8101 x234) to reserve your seat!

Best regards,

George

Low Inventory Continues for September

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,317 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in September. Sales were 4.7 per cent lower than the same month last year.

There were 1,940 properties listed in September, a decrease of 9.5 per cent compared to September of last year.

“The sales numbers are lower than last September’s, but the hot real estate market in the Greater Hamilton-Burlington area continues,” said RAHB CEO George O’Neill. “Sales are 16 per cent higher than the 10-year average, while the end of month inventory is 39.5 per cent lower than a year ago. The Hamilton-Burlington area continues to attract many people looking for a great place to live and work.”

Seasonally adjusted* sales of residential properties were 5 per cent lower than the same month last year, with the average sale price up 14 per cent for the month. Seasonally adjusted numbers of new listings were 8.3 per cent lower than September of 2015.

Seasonally adjusted data for residential properties for the month of September, 2016:

seasonally2Overall residential sales of 1,259 units were 4.3 per cent lower than the same month last year.  Residential freehold sales were 3.1 per cent lower than September of 2015 while sales in the condominium market were 9.4 per cent lower than the same month last year.

The median price of freehold properties increased by 15.9 per cent over the same month last year while the median price for condominium properties increased by 19.4 per cent compared to the same period.

The average price of freehold properties showed an increase of 5.1 per cent compared to September of last year; the average sale price in the condominium market increased by 11.3 per cent when compared to the same period.

Average sale price is based on the total dollar volume of all properties sold through the RAHB MLS® System. Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Contact a REALTOR® for information about your area or property.

The average number of days on market decreased from 33 to 23 days in the freehold market and from 35 to 25 days in the condominium market, compared to September of last year.

“A home in the Hamilton-Burlington area is selling, on average, 10 days quicker than a year ago,” noted RAHB President Kim Alvarez. “This follows the summer trend of quick turnover, and is a result of the limited number of listings compared to market demand.”

comparison2

 

 

Every community in RAHB’s market area has its own localized market. Please refer to the accompanying chart, and contact a REALTOR® for more information.

rahb-market-activity-for-september2

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.

 

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About the REALTORS® Association of Hamilton-Burlington

Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 2,990 real estate brokers and sales representatives from Hamilton, Burlington and outlying areas. Members of the Association may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics. The Association operates the local Multiple Listing Service® (MLS®) System and provides ongoing professional education courses for its members. Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at REALTOR.ca. More information about RAHB is available at rahb.ca.

 

RAHB Area Maps – September 2016

RAHB Average Price by District – (#) Residential Unit Sales

Hamilton
Hamilton West,  10 – 12
Hamilton East,  23, 24, 27 – 29
Hamilton Centre,  13, 14, 20 – 22
Hamilton Mountain,  15 – 18, 25 & 26

ham-1

 

 

 

 

 

 

 

Burlington 30 – 36, 38

burl-1

 

 

 

 

 

 

 

Outlying

Flamborough, 40, 43 – 45
Dundas, 41
Ancaster, 42
Waterdown, 46
Stoney Creek, 50 – 52
Glanbrook, 53
Grimsby, 54 -55
West Lincoln, 56
Smithville, 57
Dunnville, 61
Cayuga, 62
Calendonia/Hagersville, 63 & 70
Onieda/Seneca, 71 & 64
Rainham, 65
Canborough/Dunn, 60

outlying-1