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| Featured Article
New Settlement and Loan Disclosures are in Effect
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| The TILA-RESPA Integrated Disclosures (aka "Know Before You Owe) rule, is here and it's here to stay. Any residential loans from this point forward will be subject to the new timelines and required disclosures. On October 27th (either 9:00am or 1:30pm), the Association of REALTORS School will host Brett Woodburn, Esq. for a RESPA: The Future is Now course at the Llanerch Country Club in Havertown. This 3.5 hour continuing education program will; explain the evolution of RESPA, explain the Consumer Financial Protection Bureau's role and review the purposes of the new Loan and Closing Disclosures forms. Occuring, almost one month after the launch of the new rule, this class will give students the opportunity to gain valuable insight into the day-to-day realities of its implementation. Visit any of these resources for a refresher on what the new disclosure rules entail: Also, the PAR Standard Forms Committee recently released revisions to standard forms to help buyer, seller and agents stay on track and on time with the new requirements. Samples of the revised forms, with changes marked in red, can be found here (scroll down to the bottom of the page). The forms are available for immediate use in your zipForms library,
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| Association News
Updated Local Market Statistics Reports Published for September
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| Suburban West, in partnership with TREND, offers monthly dash-board style reports for Chester, Delaware, Montgomery and Berks counties and Philadelphia. Even more unique are these same reports for every school district in Chester and Delaware counties and select districts in Montgomery and Berks counties. 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 reports for September here.
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| Final Opportunity to Vote in the 2016 Board of Directors Election is This Week!
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| This week will be REALTOR members' final chance to vote in our 2016 Board of Directors Election. All SWRA REALTORS are encouraged to do their part in determining the Directors by submitting their completed ballot. Members are asked to choose four (4) REALTOR and one (1) Affiliate to serve alongside the incumbent Directors. Click here for their profiles. Additionally, members can decide whether two (2) proposed amendments to our bylaws should be confirmed, both of which are designed to establish a distinct place for commercial REALTORS within our organization. Members have two options to vote:- Cast Your Vote Online - deadline for online voting is this Thursday, October 8th at 4:00pm. Your Login is your last name and your password is likely the last four digits of your social security number.
- Cast Your Vote In-Person - cast your vote at the Association office or the final location at the 2015 Annual Membership Meeting at The Desmond Hotel on October 9th.
The results of the election will be announced to the Suburban West membership via email on October 9th. Thank you for your participation and continued support of Suburban West REALTORS Association!
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| Association Tip:
Realty Tech Talk: Social Media and Real Estate Marketing Simplified With Canva.com
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| We all know that a picture tells a thousand words. Now there is a free, easy to use design tool, Canva.com that makes your marketing content visually appealing. Canva makes it easy for you to design original images for your Facebook, Instagram and other social media posts. The tools lets you choose from hundreds of thousands of existing high-definition photos, posters, advertisements and other such content templates. Functions are very intuitive, making it easy to add text and layers to your images. Here is a list of just some of the pre-sized design templates currently available to create: Facebook covers, posts, posters, business cards, social media graphics, twitter banners, real estate flyers, Facebook ads and so many more! Read more.
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| Suburban REALTORS Alliance
New Legislation Would Protect Real Estate Sales, Consumers
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| PA State Rep. Jamie Santora (and Designated REALTOR member of Suburban West) has introduced legislation (HB 1480) that would amend the Municipal Code and Ordinance Compliance Act, to better protect home sellers and buyers from overzealous municipal code inspectors at the time of resale. According to Rep. Santora, the amendments are necessary to bring the law back into alignment with the original intent, which was to facilitate real estate sales while allowing municipalities to enforce local building and property maintenance codes. The Suburban REALTORS Alliance has been an active partner of Rep. Santora in the drafting of legislation, along with the Pennsylvania Association of REALTORS. Read more.
Not receiving the SRA News Briefs email on Friday mornings? Association members can sign up to receive free weekly Suburban REALTORS Alliance News Briefs by visiting their Action Center.
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| SWRA Seminars & Events
REALTOR/Appraisal Forum: New FHA Requirements
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| The Federal Housing Administration (FHA) recently changed its appraisal policies. Appraisers have been asked to implement these changes when either performing appraisals or determining property eligibility for mortgages with FHA case numbers that are assigned on or after September 14, 2015. Our upcoming REALTOR/Appraiser Forum: New FHA Requirements (October 28; 10:00am-11:00am) will address how the changes may affect appraisals of FHA financed properties. Topics include:- what will be inspected?
- what are the required repairs?
- what is no longer a required repair?
- what are the roof requirements?
Members can register to attend this free seminar (access the Events Calendar) and have their questions answered about the recent FHA changes and their impact on both the agent and the appraiser.
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| Beyond SWRA...
"Tech Savvy Agent Live" Seminar Coming to King of Prussia
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| The free technology workshop, Tech Savvy Agent Live, is coming to convenient King of Prussia (Sheraton, Valley Forge) on Thursday, October 29th from 9:00am-12:30pm. This event will feature:- How do some top agents and teams close more of their internet leads - learn their dialogue and see their tools
- Can't get your foot in the door of that FSBO - learn what you should provide to build instant rapport
- What's the best way to approach an expired listing - review scripts to showcase your value
- Are your open houses unproductive - get examples of what top agents do to obtain real contact info from open house prospects
Please note that registration is required by clicking on this link - Suburban West can not accept registations.
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| C/I Exchange to Meet This Friday, October 9th
The Commercial/Investment Marketing Exchange will meet this Friday, October 9th (8:30am-10:00am) and will feature the topic, "The Auction.com Advantage: How Auction.com Can Amplify Your Transaction Volume" by Gabe Amzallag, Assistant Vice President of Auction.com. Registration is not required, but please email Steve Farace if you would like to be notified of future, free commercial seminars.
iBox Exchange AND Supra Free Activation Promo Both End October 16th
Please note that if you have not yet exchanged your legacy iBox, the deadline for taking advantage of the 1-for-1 exchange for a new iBox BT LE box is next Friday, October 16. Members are required to call the Association to book an appointment at 610-560-4800. Also, for a limited time only (through October 16th) new Supra users will have their $50.00 activation fee waived when signing up for an ActiveKey or an eKey! Members interested in signing up are required to visit the Suburban West office in-person to obtain their key.
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New Settlement and Loan Disclosures are in Effect
Updated Local Market Statistics Reports Published for September
Final Chance to Vote in the 2016 Board of Directors Election
Realty Tech Talk: Social Media and Real Estate Marketing Simplified With Canva
New Legislation Would Protect Real Estate Sales, Consumers
SRA: REALTOR/Appraisal Forum: New FHA Requirements
Free Real Estate Tech Workshop Coming to King of Prussia |
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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October 9; 9:00am-12:30pm
October 9; 11:30am-2:00pm
October 9; 1:30pm-5:00pm
October 14; 9:00am-12:30pm
October 14; 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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