NEWS & EVENTS
THE LATEST NEWS IN REAL ESTATE
Completion of the merger will occur by the end of 2019
Members of the SouthEast Valley Regional Association of REALTORS® (SEVRAR) and the West Maricopa Association of REALTORS® (WeMAR) voted on Friday, March 15, 2019, in favor to merge the Associations. The merger discussion between both SEVRAR and WeMAR began in October 2018, which the Transition Team, made up of leaders from both Associations, came together and laid the foundation of the merger..
Recently, SEVRAR’s Community Outreach Committee had the pleasure of donating 51 combination lockboxes to the Town of Gilbert to support its Lockbox Program. The program is geared toward assisting Fire and Emergency personnel to enter a home during emergency situations without resorting to forced entry.
SEVRAR and WeMAR have met on multiple occasions to discuss a potential merger of both Associations. The potential merger would provide members from both Associations with new advantages that include expanded benefits and services, economies of scale, and access to multiple locations throughout the Valley. Town Hall Meetings will occur in February and March, during which time members will be provided more information about the potential merger.
Commercial real estate markets are on the rise, with Realtors® specializing in commercial real estate reporting both an increase in members’ gross income and sales volume, according to the National Association of Realtors® 2018 Commercial Member Profile.
Realtors® discussed the risks of real estate fraud and approaches to avoid falling victim to scams in the marketplace at the 2018 REALTORS® Conference & Expo in Boston.
“The stability in mortgage rates reflects the moderation in inflationary pressures in the economy due to the lower oil prices and subdued wage growth. On the margin, lower energy costs are a positive for the home sales market, particularly for lower-middle income suburban buyers who spend proportionately more income on transportation costs.”
Read three tips from a broker-owner who’s growing his business in Bend, Ore., by providing a close-knit culture with extra support.