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- Award Winning Results - 2023 RPAC Investment Highlights
- Care and Protection for Landlord and Tenant Clients
- Real Estate Transactions Amid Divorce as a Listing Agent
- ARS: Save Money with MCE Season Pass
- Bright MLS: 2023 Housing Market Review
- SRA: Developers Present Concept For 25-story Apartment Building in West Conshohocken
- Calendar of Events
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Award Winning Results - 2023 RPAC Investment Highlights
Every year during the Pennsylvania Association of REALTORS® Winter Business Meetings in Harrisburg, PA, there is an RPAC Luncheon. This luncheon is a platform for fostering collaboration among REALTORS® committed to advocating for the interests of their profession, and gives a platform for local associations to receive honors for investments raised throughout the previous year. This year, Tri-County Suburban REALTORS® ranked first place in the extra-large board category for highest overall fundraising.
As we set our sights on the year ahead, Tri-County Suburban extends our gratitude to all of our dedicated members who generously invested in the REALTOR® Political Action Committee (RPAC) throughout 2023. Your commitment to supporting RPAC has been instrumental in advocating for policies that protect property rights, champion homeownership, and enhance the real estate profession. Your contributions have empowered our collective voice, shaping legislative decisions that directly impact the landscape of our industry. Thank you for your unwavering dedication to the cause, as your investments have played a vital role in safeguarding the interests of REALTORS® and ensuring a vibrant future for the real estate community. In 2023, Tri-County Suburban was honored to have 63 RPAC Major Investors (those who invested $1,000 or more), and 3,638 total investors. Tri-County Suburban hoped to raise $140,460 to RPAC, and surpassed that goal by 198%, ending 2023 just shy of $278,000 in total RPAC investments.
Tri-County would also like to honor our members who champion these efforts - the RPAC Fundraising Committee chaired by REALTOR® member Kenneth Enochs, members who participated in our annual RPAC Telethon, members of the RPAC Hall of Fame, 2023 RPAC Sweepstakes sponsor Euro Motorcars Devon, and Pennsylvania Association of REALTORS® Chief Advocacy Officer, Sherri Martin.
The REALTORS® Political Action Committee (RPAC) stands as a crucial pillar supporting the real estate industry, relying on the financial contributions of dedicated real estate professionals. These contributions directly influence legislative decisions, ensuring a favorable environment for real estate transactions. By actively participating in RPAC, REALTORS® contribute to shaping the legislative landscape, fostering a business-friendly climate that directly impacts their profession. Investing in RPAC is not merely a financial commitment; it is a strategic decision to fortify the real estate industry, safeguard professional interests, and cultivate an environment conducive to sustained business success.
To learn more about RPAC, Tri-County Suburban's fundraising efforts, and to see a list of investors, click here.
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Care and Protection for Landlord and Tenant ClientsLeasing transactions or selling transactions involving rental property add a layer of complexity that confuse landlords, property owners, and tenants. Becoming and remaining informed of Landlord Tenant Law, Fair Housing Law, and the Fair Credit Reporting Act helps REALTORS® bring added value to the landlord-tenant relationship.
According to the PAR Legal Hotline, landlord tenant issues are one of the most common calls received. From questions such as: “When does a tenant have to tell the landlord about their assistance animal?” to “Is it true that a landlord can only ask for two months’ rent upfront?”, this PAR Just Listed article summarizes some of the frequently asked questions about Landlord Tenant relationships.
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Real Estate Transactions Amid Divorce When a couple decides to part ways, sale of the marital residence, a substantial asset, presets unique challenges due to emotional attachments and financial implications. Of course those challenges end up on the plate of the brokers and agents assisting in these transactions.
Click here to read a few scenarios from PAR's Legal Hotline with key takeaways to consider if you are representing clients in one of these transactions. All these scenarios are from the point of view of a listing agent, but buyer agents have just as much reason to be concerned about transactions involving a divorce.
Join Tri-County on February 14th at 10:00am for a free seminar with Bill Weber, Association Counsel and partner at Connor, Weber & Oberlies to discuss fiduciary duties in death and divorce. To register, click here.
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ARS: MCE Season Pass Offers Unlimited Learning Opportunities for PA License Renewal Until May 31, 2024!
In addition to our roster of classes held at our state-of-the-art classroom in Malvern, the
School has also made available a schedule of virtual livestream classes via Zoom. You can save money on the regular cost of tuition by becoming an MCE Season Pass holder! This promotion is an easy and affordable way to complete your continuing education requirements for the 2022-2024 PA Real Estate license renewal. Any real estate licensee can purchase the MCE Season Pass and take u nlimited standard continuing education courses* at no additional cost! Please note that we will be continually updating the MCE Season Pass course schedule and offerings throughout the remainder of the cycle.
For more information on the MCE Season Pass or continuing education please contact Michelle Leister at mleister@tcsr.realtor or call 610-560-4900.
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Bright MLS: 2023 Housing Market Review
How Did 2023 Compare to a More Typical Year?
A comparison of the 2023 Mid-Atlantic housing market to that of 2018—a year that saw more typical sales activity and home price growth—shows that 2023 had:
52,000 fewer sales
123,000 fewer new listings
$110,000 higher median sale price
What Will Our New Normal Be?
While the housing market is still feeling the long-term impacts from pandemic response and shifting demographics, it appears that a “new normal” housing market will be one with fewer new listings, lower inventory, and a faster pace of sales.
One thing is certain; it’s more important than ever to focus on what’s happening in the local market rather than relying on reports from other parts of the country.
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SRA: Developers Present Concept For 25-story Apartment Building in West ConshohockenDevelopers recently presented a concept for a 25-story apartment building above retail and restaurants to West Conshohocken Borough Council. The presentation was made to gauge the interest of the council and public in the mixed-use project. The plan calls for ground-floor retail, several floors of parking, 258 apartments and a rooftop restaurant. Members of borough council expressed concerns regarding the height of the building and whether it aligns with the borough’s vision plan, specifically its vision for a town center. No application has been submitted. Read more here.
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