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| Featured Article
New Standard Forms Slated to go Live via zipForm Plus This March
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| The PAR Standard Forms Committee recently approved twelve standard forms. The forms, some new some revised, are slated to go live via zipForm® Plus and other electronic vendors in March. A red and blue marked up preview of all the new forms is available on PAR’s Standard Forms page. “Red” for new language, “Blue” for language moved within the form. Perhaps the most significant new form is the Buyer’s Reply to Inspections or Written Corrective Proposal (Form BRI). This form will replace the Reply to Inspections/Reports Addendum to the Agreement of Sale (Form RR). The two forms look similar but operate differently. The new form (BRI) is to be used as a negotiation sheet not an addendum. Any negotiated changes will be put into a Change in Terms Addendum (Form CTA) executed by both parties and attached to the Agreement. Another new form will be an addendum that can be used to negotiate repairs required by a lender or municipality. Repairs/Corrections Required by a Third Party (Form RRT).
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| Association News
SWRA's Commercial Chapter Launches, Kickoff Event Scheduled for March 8th in King of Prussia
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| As voted upon by the membership in October 2015, the Suburban West REALTORS Association new Commercial Chapter is now active. The Chapter’s purpose is to identify and develop relevant programs and tools for the REALTOR whose business is substantially commercial. Already, the Association of REALTORS School has developed commercial-specific topics for continuing education and much more is on the horizon. Are you a Suburban West REALTOR who has a majority of your business in commercial real estate? If so, membership in the Commercial Chapter could be for you. Click here to access the application for FREE membership in Suburban West’s Commercial Chapter. (NOTE: REALTOR members who recently transferred from Tri-State Commercial REALTORS Alliance to Suburban West are automatically signed up for the Chapter per their application). To get the Chapter off to a strong start, current and potential Commercial Chapter members are invited to a FREE Chapter Kickoff Breakfast on March 8th (8:30am registration, 9:00am-10:30am breakfast & program) at the Crowne Plaza in King of Prussia. In addition to networking with fellow commercial practitioners, attendees will learn about the current benefits of Suburban West membership and can participate in an open discussion about future benefits and services. To register for this event online, click here (once logged in, access the Events Calendar) or call 610-560-4800. For questions about the Commercial Chapter, please contact Steve Farace at 610-560-4800.
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| Local Market Statistics Reports Published for January
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| Suburban West, in partnership with TREND, offers monthly dash-board style reports for Berks, Chester, Delaware and Montgomery counties and Philadelphia covering 40 local school districts. These reports are vital to keep yourself knowledgeable about market trends and to demonstrate to buyer and seller clients the most up-to-date and accurate local housing information available. Access the most recently published reported for January here. Please note that an assortment of reports are available to all TREND members at www.trendmls.com. Once logged into the site, access the Finance and Statistics Tab to access the reports.
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| Association Office Closed on Monday, February 15th
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| The Suburban West REALTORS Association office will be closed on Monday, February 15th in observance of President's Day. The office will reopen on Tuesday, February 16th at 8:00am. Please take note of this closure as you consider any business you may have with the Association. And remember, that you can always visit the Association's virtual office at www.suburbanwestrealtors.com
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| Association of REALTORS School
Pricing Strategy Advisor: Mastering the CMA
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| The Pricing Strategy Advisor: Mastering the CMA course (March 7th; 9:00am-5:00pm) will cover the nuts and bolts of a comparative market analysis (CMA), including its purpose, key principles of valuation that impact these analyses and important valuation terminology. Participants will understand the purpose of appraisals, how they differ from CMAs and the scope of the appraiser’s role. At the conclusion of this course, students will be able to: - Select appropriate comparables and make accurate adjustments to them, for use in developing home price opinions
- Guide sellers and buyers through the details of CMAs and the underlying pricing principles that inform them
- Interact effectively with appraisers
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| SWRA Seminars and Events
REALTOR/Appraiser Forum: The Appraisal of Historic Properties
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| The Delaware Valley features an abundance of historic properties and vintage-age homes. When these properties hit the market, it does provide a number of unique aspects for the REALTOR to consider, including the marketing, realized sale price and appraised value of the property. Join appraiser Shane Kenworthy for March 2nd's (10:00am-11:00am) REALTOR/Appraiser Forum: The Appraisal of Historic Properties as he helps REALTORS understand: - the “definition” of a historic property
- what it takes to be labeled at a specific level
- property condition ratings
Shane will also answer any questions you may have about the appraisal of historic properties. Click here to register (access the Events Calendar).
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| Suburban REALTORS Alliance
Concord Unveils Draft of New Home Rule Charter
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| Concord Township’s Government Study Commission has begun receiving public comment on the draft of the proposed home rule charter. The draft version is posted on the township website, www.townshipofconcord.com. Under the home rule charter, the five-member board of supervisors would be replaced with a seven member township council. Similar to the supervisors, the members would be elected at-large, but terms would be reduced from six to four year terms. Membership would require two-year township residency rather than the current one year. Read more.
Not receiving the SRA News Briefs email on Friday mornings? Association members can sign up to receive their free weekly News Briefs by visiting their Action Center.
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| C/I Exchange to Meet This Friday, February 12th
The C/I Exchange will meet this Friday, February 12th (8:30am-10:00am) at the Association office in Malven and will feature the topic, "IREM - Why Hire a CPM (Certified Property Manager)?" by Charlene Tucker, CPM real estate broker and President Elect, IREM Delaware Valley Chapter No. 3. Registration is not required but please email Steve Farace if you would like to be notified of future commercial presentations.
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New Standard Forms Slated to go Live via zipForm Plus This March
SWRA's Commercial Chapter Has Launched!
Local Market Statistics Reports Published for January
Association Office Closed on Monday, February 15th
Pricing Strategy Advisor: Mastering the CMA
REALTOR/Appraiser Forum: The Appraisal of Historic Properties
Concord Unveils Draft of New Home Rule Charter |
Payment & Registration Center
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Log-in using your User Name (First and Last Name) and Password (Last Four Digits of Your Social Unless Modified).
Having difficulty logging in? Call the Association office at 610-560-4800. |
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February 17; 9:00am-10:30am
February 23; 9:00am-12:30pm
February 23; 1:30pm-5:00pm
February 24; 9:00am-12:30pm
February 24; 1:30pm-5:00pm |
Important Numbers for REALTORS |
Suburban West REALTORS 610-560-4800
DocuSign Support Center
866-219-4318
DocuSign Transaction Rooms
888-600-4146
National Association of REALTORS (NAR)
800-874-6500
PA Real Estate Commission 717-783-3658
PAR Legal Hotline 800-727-5345
Pennsylvania Association of REALTORS (PAR) 800-555-3390
RPR Help Desk 877-977-7576
Suburban REALTORS Alliance 610-981-9000
Supra Support 877-699-6787
TREND 877-330-9900
zipForm Support 586-840-0140
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