Oct 6, 2016 | RAHB News |
The REALTORS® Association of Hamilton-Burlington extends a warm welcome to its newest members from August 22 to September 21, 2016
Julie Belanger
Bradbury Estate Realty Inc.
Jason Adams
City Brokerage
Lindsey Bokor
Coldwell Banker-Burnhill Realty Inc.
Cheryl Wright
Colliers Macaulay Nicolls Inc.
Julie Anderson
Com/Choice Realty Inc.
Jesse Melo
Homelife Professionals Realty Inc.
Antonios Giaitzis
Keller Williams Complete Realty Inc.
Jessica Barnett
Keller Williams Edge Realty
Paul Moody
PC275 Realty Inc.
Bashir Syed
RE/MAX Escarpment Realty Inc.
Lianne Timbers-Sharp
RE/MAX Garden City Realty Inc.
Neil Angelo Pereira
Scott Bailey
RE/MAX Real Estate Centre Inc.
Les Edwards
RE/MAX Riverside Realty Inc.
Erika Spencer
Rock Star Real Estate Inc.
Tom Cieslak
Royal LePage Burloak Real Estate Services Inc.
Lisa Teeft
Royal LePage Niagara Real Estate Centre Inc.
Roxanne Scott
Royal LePage State Realty Inc.
Ryan Gallo
Sutton Group About Town Realty Inc.
John Westerberg
Your Choice Realty Corp.
Oct 6, 2016 | MLS®, Stats & Technology |
Would you take a short survey about Property Panorama? Use this link to the survey on Survey Monkey and help us make decisions about this feature.
Thanks for your assistance!
Oct 6, 2016 | MLS®, Stats & Technology |
The Board of Directors recently approved the following changes to the MLS® Rules and Regulations and MLS® Policies:
- MLS® Rules and Regulations, Section 2, Sub-section 2.15 regarding “no offers until” was amended so that OREA form 244 “Seller’s Direction re: Property/Offers” should be used to document the Seller’s instructions for “no offers until”. Section 2.15 now reads: 2.15 If an MLS® listing indicates that offers are not to be presented for a period of time, the listing brokerage shall complete, as part of the listing, the seller’s written direction on the OREA form “Seller’s Direction re: Property/Offers and disclose all particulars of such direction in the “Remarks” field of the MLS® listing. Should the seller rescind a restriction pertaining to the presentation of offers, the Listing Brokerage shall immediately, and with reasonable notice to all parties:(a) complete, as part of the MLS® listing, the Seller’s written direction on the Association’s form entitled “Amendment to Listing Agreement” and make the necessary changes to the “Remarks” field for such MLS® listing; and
(b) if the listing brokerage is representing the Seller in the negotiation of offers, notify by telephone, all Co-operating Brokerages, who requested and/or registered offer presentations, that such restriction is removed and arrange for the presentation of all offers to the Seller, without delay.
- MLS® Rules and Regulations, Section 12 – 12.01 Trading Procedures was amended by the deletion of sub-section 12.01 regarding deposits. The section that was deleted was: Section 12 – Trading Procedures12.01 In all cases, Brokerages shall make every attempt to obtain adequate deposits. Such deposits shall be made out in the name of the Listing Brokerage, unless otherwise directed by their client, and turned over to the Listing Brokerage, or as otherwise directed by such client, together with a copy of the Agreement of Purchase and Sale or other agreement evidencing the trade in real estate. When the deposit is held by the Co-operating Brokerage, they shall disburse funds in accordance with written directions of the Listing Brokerage or the Seller, as applicable.
- MLS® Policies – RAHB Members Open House was amended by the deletion of Policy #5 regarding a change of open house hours on a day of a RAHB membership meeting. The section that was deleted was: 5. If there is a general membership meeting of the association on the scheduled open house date, the open house will be held from 11:00 a.m. To 1:00 p.m.
These changes are effective immediately. The RAHB MLS® Rules and Regulations and MLS® policies are posted in REALTOR Link®.
Oct 6, 2016 | MLS®, Stats & Technology |
MLS® Reminder:
Make sure you and your administrative staff report these sales and leases according to the MLS® Policies:
1. Selling Brokerage is a non-RAHB member
The Selling Salesperson field should say “NONMEM” and the Selling Comments should have the notation “Sold by (Name of Selling Salesperson) – (Name of Selling Brokerage).”
2. Leases
The lease breakdown must be entered on the comment line, in the same unit as the list price. For example, if the list price is $14 per square foot and the lease price is $12 per square foot, the Selling Comments should show the breakdown and total volume for the lease.
Example – Leased for 1 year at $12 per square foot per month x 500 square feet = $72,000
Not sure about what the policies are? You can find the MLS® Rules and Regulations and MLS® Policies on REALTOR Link® (under the MLS® tab), in Fusion under the Resources gadget – click on the RAHB Documents link, and in the RAHB section of Matrix Links.
Oct 6, 2016 | MLS®, Stats & Technology |
Have you ever seen a Commission to Listing Brokerage that said “1” and left you wondering if that meant $1 or 1%? Wouldn’t it be better for everyone if it was specified if the commission was a dollar amount or a percentage?
So that everyone is clear on what the commission to the selling brokerage will be, be sure you indicate in the Commission to Selling Brokerage field whether the amount is a percentage or a dollar amount. That way, everyone will know what to expect.
Oct 6, 2016 | RAHB News |
by CEO George O’Neill
The U.S. election is big news right now, and the focus is on which candidate is the right one for the job.
The RAHB election might not be on as grand a scale as the U.S. election, but it’s equally important for RAHB members. The question is the same – which candidates are the right ones for the job as Director of the 2017 Board of Directors?
What makes a good director? If you have been reading the information being sent out over the past few weeks, you will have seen references to desirable qualities in a director – an experienced REALTOR®, business acumen, strategic thinker, good listener, and so on.
The RAHB Board needs directors with varied and diverse skills and experience. No one director will possess all the desirable qualities we’ve been talking about, but every director should have some of the qualities. Why? Because it takes lots of different viewpoints and life experiences to create a strong, effective Board that can make great decisions for the Association and all members.
Do you know a RAHB member who possesses great qualities that would be put to good use on the Board? Or do you think you’d be a good Director? Now is the time to nominate members – or have another member nominate you – to stand for election to the RAHB Board of Directors. Then on November 30 it will be up to RAHB members to decide which candidates are right for the job of Director.
Nominations open on October 5. Watch for information about the nomination process, and make sure you think about members who would serve well as a RAHB Director.
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October is also the month for Professional Development Days and I’m pleased to report that this popular week of education has been a hit with 350 members registered to attend – selling out the week again!
Best regards,
George
Oct 5, 2016 | MLS®, Stats & Technology |
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,409 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in August. Sales were 9.2 per cent higher than the same month last year, and set a new record for sales in the month of August.
There were 1,645 properties listed in August, a decrease of 10.8 per cent compared to August of last year.
“The record sales in August 2016 came in on top of the record sales of August 2015. This is the third month this year (March, May 2016) that monthly sales have been record-breaking,” said RAHB CEO George O’Neill. “Once again we are seeing very strong sales while the number of listings remains low, leaving us firmly in a seller’s market.”
Seasonally adjusted* sales of residential properties were 4 per cent lower than the same month last year, with the average sale price up 6.2 per cent for the month. Seasonally adjusted numbers of new listings were 15.6 per cent lower than August of 2015.
Actual overall residential sales of 1,334 units were 7.4 per cent higher than the same month last year. Residential freehold sales were 9 per cent higher than August of 2015 while sales in the condominium market were virtually the same as the same month last year.
The median price of freehold properties increased by 17 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 August of last year; the average sale price in the condominium market increased by 19.3 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 days on market decreased from 35 to 27 days in the freehold market and from 38 to 27 days in the condominium market, compared to August of last year.
“The average days on market for residential properties (27) has increased a bit from the 22 to 25 days seen April through July, and that’s a seasonal trend,” noted RAHB President Kim Alvarez. “What is noteworthy, however, is that those numbers compare to 28 to 36 average days on market last year for those same months. Properties are moving much more quickly this year.”
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.
*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
About the Realtors® Association of Hamilton-Burlington
Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 2,950 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.
Oct 5, 2016 | MLS®, Stats & Technology |
Oct 5, 2016 | MLS®, Stats & Technology |
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
Burlington 30 – 36, 38
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
Sep 6, 2016 | Member Services |
Held at RAHB – 505 York Blvd.
Lower Level room: C – Chambers M – McCullough
First floor room: T – Thompson P – Purnell
Computer
- New Member Computer Training Level 1
Thursday, September 1 – C, 9 a.m. – 11:30 a.m.
Thursday, September 15 – C, 1 p.m. – 3: 30 p.m.
Thursday, September 29 – C, 9 a.m. – 11:30 a.m.
Register with angelam@rahb.ca
Board of Directors, Committee and Task Force Meetings
- Finance Committee
Tuesday, September 6, T – 9 a.m.
- MLS® Committee
Wednesday, September 7, T – 9 a.m.
- Golf Task Force
Thursday, September 8, P – 9:30 a.m.
- Board of Directors
Thursday, September 15, T – 9 a.m.
- Nomination Committee
Wednesday, September 21, T – 9 a.m.
- Government Relations
Tuesday, September 27, T – 9:30 a.m.
Professional Development
See page 10 in the REALINFO for a list of courses and prices.
Register with angelam@rahb.ca
Upcoming Events
Open Forums (formerly Town Hall meetings)
9:30 a.m. Registration 10 a.m. Meeting
- Grimsby
Wednesday, September 28
Trinity United Church Hall
100 Main St W., Grimsby
- Dunnville
Tuesday, October 4
Grace United Church Hall
301 Broad St. E., Dunnville
- Caledonia
Tuesday, October 11
Grace United Church Hall
174 Caithness St. E., Caledonia
Register with kathyr@rahb.ca
- RAHB Professional Development Days
Wednesday to Friday, October 12 to 14
RAHB McCullough room, lower level
10 a.m. – Noon & 1 p.m. – 3 p.m.Register with angelam@rahb.ca
- REALTORS®4Kids Charity Auction
Thursday, November 17, 2016
Michelangelo Events and Conference Centre
1555 Upper Ottawa St., Hamilton
Doors open at 6 p.m.
(Tickets must be purchased in advance)Contact sheilas@rahb.ca
- Annual Election Meeting
Wednesday, November 30
Royal Botanical Gardens
9 a.m. Registration 9:30 a.m. Meeting
- RCN Networking Luncheon
Friday, December 2
Scottish Rite Club
4 Queen St. S., Hamilton
11:30 a.m. RegistrationRegister with kathyr@rahb.ca
Office Closure
The RAHB office will be closed
Monday, October 10 – Thanksgiving Day
We wish you a safe and happy holiday!
Sep 2, 2016 | REALTORS Care® |
Royal LePage Burloak Real Estate Services celebrated its year-round commitment to supporting Halton Women’s Place and the Carpenter Hospice by presenting cheques totaling $31,000 to the two organizations.
The funds were raised through events such as the company’s annual charity golf tournament, and Halloween Chili Bowl, and sales representatives’ commission-based donations.
Sep 2, 2016 | Member Services |
Everyone knows that RAHB has exceptional members, but did you know that there are ways these members can be recognized and their contributions celebrated?
RAHB has four awards that recognize RAHB members who go above and beyond! These awards are truly a recognition by peers, as recipients are chosen by task forces made up of RAHB members. Awards are made only when candidates meet stringent criteria, so they may not be given out every year.
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The Honorary Life award goes to a RAHB member who:
- is a recognized leader in the real estate industry
- has demonstrated exemplary service to organized real estate
- is a person of positive character, integrity and an advocate for ethical real estate practice
- has made a positive contribution to the association over a period of no less than ten years
- exemplifies professionalism in real estate
The Volunteer of the Year award is presented to a RAHB committee member who demonstrates exceptional qualities, enthusiasm and perseverance or has gone above and beyond to serve their fellow RAHB members.
The Award of Merit goes to a RAHB member who has shown exceptional dedication and service to RAHB and has contributed positively to RAHB for three or more years.
The Outstanding Community Service award is presented to a member who has shown outstanding dedication to the real estate profession and exceptional volunteer service to their community for three years or more.
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Do you know a member who you think should receive one of these awards? If so, be sure to nominate them for an award! Watch REALINFO for more information about award nominations and deadlines.
