Help Real Estate & Win Some Cash? Sign Up!

Did you see the contest the National Association of REALTORS® is running? Chick it out –

realtor-signup

Minnesota is going to raise the stakes and match their prize!

Sign up for #REALTORParty Mobile Alerts TODAY and be entered into drawings for

  • $250 Amazon gift card from the National Association of REALTORS®

AND

  • $250 CASH from the Minnesota REALTORS®

OR

  • One of these prizes paying your 2017 NAR Dues ($155 value)

That’s up to $500 worth of prizes … all for one text message. Get in on the action, sign up today!

To Sign Up: Text REALTOR to 30644! That’s it!

Winner will be announced on November 1st. Contest entrants must be new subscribers between the dates of October 7-31, 2016. Previous subscribers ineligible.

The Minnesota REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.

 

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JOHN SMABY ELECTED 2017 FIRST VICE PRESIDENT OF NAR

On Saturday, May 14th, the Board of Directors of the National Association of REALTORS®(“NAR”) elected John Smaby of Edina as its First Vice president for 2017, starting a multi-year commitment to the NAR’s executive leadership that will include serving as President of the National Association of REALTORS® in 2019.

Smaby, 61, has worked as a broker and agent for Edina Realty and its predecessor companies for 36 years. He has also been active locally and nationally in the areas of membership, member advocacy and the multiple listing service (“MLS”).

The NAR represents more than 1.1 million members, who are also active in one or more of some 1,200 local associations/boards and 54 state and territory associations of REALTORS®. All members are pledged to a strict Code of Ethics and Standards of Practice.

In his speech to the Board of Directors, Smaby highlighted the continued success of legislative advocacy that supports homeowners and professional REALTORS®, and a commitment to adapt to the technological change that informs consumer behavior. He also applauded members for their commitment to community service and mentorship, encouraging them to continue to “give back while moving forward.”

Smaby’s term as First Vice President begins in November in Orlando at NAR’s National Convention.

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The Minnesota REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.

UPSTREAM

As the real estate world continues to evolve and adapt to changing technologies, one new product being developed within the National Association of REALTORS® (“NAR”) structure is called UPSTREAM. When I go out and talk with members they frequently ask “What is Upstream and how does in involve REALTORS® and Realtors Property Resource® (“RPR®”)?”

Below is prepared information from the Upstream/NAR/RPR® team working on developing and implementing this exciting new option for brokers.

What is Upstream?

Upstream is a product solution conceived and launched by a coalition of brokerages, networks, and national franchises representing real estate companies of all sizes and business models to create a single point-of-entry for inputting, managing, and distributing listings at the brokerage level. Upstream is working with NAR and RPR® to leverage its nationwide, parcel-centric platform to power this new service.

The Current Challenge

Today’s listing distribution model is fragmented. Brokerages are required to enter listing data into one or more MLS systems, Internal systems, marketing systems, and even third party-sites.

The Upstream Solution

Upstream will provide real estate brokerages with the ability to enter and store data in one place, and then distribute that data according to their company’s specific business rules and needs. Upstream was formed to develop a comprehensive data technology platform that will:

  • create a single data entry point and storage platform for real estate-related data;
  • standardize data formats between systems; and
  • manage the distribution of real estate information with a rules-based engine that supports the individual requirements of each participating brokerage.

The Benefits of Upstream

Upstream significantly enhances the home purchase of sale experience by empowering REALTORS® to better manage their data. By effectively managing the flow and accuracy of information to consumers, REALTORS® can better serve their clients’ needs in the very best way possible.

Upstream Development Process

Development has begun on the Upstream technology, and outreach and communications are in progress to Upstream members. RPR® is in the process of establishing markets for alpha/beta testing. RPR® and Upstream are working together to create an assessment and outreach program to determine initial test markets based on MLS interests, vendor capabilities, and local brokerage support in order to create pilot markets. Alpha/beta testing will be targeted to Upstream board member markets and will also include a cross-section of firms in order to gather feedback and to address all issues prior to roll out.

Upstream, a broker initiative designed for brokerages of all sizes, creates a single point-of-entry for inputting, managing, and distributing listings at the brokerage level. Upstream is working with NAR and RPR® to leverage its nationwide, parcel-centric platform to power this new service. blog.narrpr.com/upstream

Chris

Letter from the CEO -Chris Galler

cgaller@mnrealtor.com

 

 

Find more articles like this in the MN REALTORS® Monthly RESOURCE

The Minnesota REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.

 

WHAT’S NEXT FOR THE MLS?

In the age of Upstream, what is the next move for MLS?

by Steve Murray, publisher

Upstream is formed and partnered with NAR and its RPR/AMP technology platforms to build and activate a national parcel-centric property database. NAR partners with ZipLogix to deliver free transaction management while Realtor.com expands its agent profiles with a new agent review and rating platform. Where does that leave the MLS in the discussion and where is its future headed?

We spoke with Kevin McQueen, founder of Focus Forward Consulting, who advises many MLS leaders and boards about where their future lies. Here are some things he had to share.

“We are talking first all about the women and men who run what is arguably the backbone of the industry. MLSs have made the market work for the last 40+ years. And, they realize clearly that technology and new entrants [into the market] threaten their role. What to do about it is where the discussion really takes place,” said McQueen. “In our work with them, we try to get these leaders to see what the future may look like, and what the options may be for them. The future is not crystal clear, and the options each have pluses and minuses. It gets complicated.”

NOTHING STAYS THE SAME

McQueen commented that first  MLS leaders have to admit that things will not continue as they have. The model in the industry of having hundreds of MLSs, far too often only existing because of the pride of owning your own MLS, still exists. “Instead of asking whether an MLS should exist, one big question should be what is the most efficient way to deliver first class MLS services for members?” he said.

FEWER MLSs IS THE ANSWER?

Many believe that fewer and stronger MLSs are an answer. “Fewer and larger MLSs can deliver more and better technology and data solutions to members. That is one of the main premises of Upstream – one platform, one set of data standards and one set of publishing tool sets. MLSs need to be thinking this way about the future. The recent announcement of the combination of MRIS and Trend is an example of leaders who thought that, while they are both large already, they can serve their members better by combining.” McQueen’s thought is that size will matter, not just to say how large one is, but also to have the resources to offer better services to members and other constituents.

McQueen adds that “too many think that merely picking better technology is the answer. It isn’t. One must first define the business strategy and plan and then find the technologies that will get the job done. Tech as your focus is not the way to go. Rather, focus on a strategy that includes better service, lower costs and less complexity.”

He admits that governance and control issues remain a big part of the problem of advancing the interests of MLS. While the problem is no as bad as it used to be, it remains a significant roadblock in some cases.

McQueen said that the threat of the nationalization of the MLS has always been at the back of the minds of many who run MLSs. He said that for many of his clients, these recent moves by NAR bring that threat more to the forefront. His view is whether that is reality or not, MLSs have it within their resources and capabilities to remain strong and viable parts of the industry in the future. ^

This article originally appeared in the March 2016 issue of the REAL Trends Newsletter and is reprinted with permission of REAL Trends Inc. Copyright 2016.

The Minnesota REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.

Q: I have a contractual dispute (or a specific non-contractual dispute) with another REALTOR member. Can I bring them to court?

Answer:

Under the terms of membership in the National Association of REALTORS® (“NAR”) and pursuant to Article 17 of the Code of Ethics of the NAR, Minnesota REALTORS® are obligated to submit their contractual disputes and specific non-contractual disputes with other REALTORS® to the Professional Standards Committee of the Minnesota Association of REALTORS® (“MNAR”) for resolution. REALTORS® are strictly prohibited from going to courts of law to resolve their disputes with other REALTORS®, unless both parties agree not to use the Association’s services.

The Minnesota Association of REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.

Q: What logos am I required to have on my business cards and advertisements?

Answer:

There is no statutory requirement or any National Association of REALTORS® (“NAR”) policy that dictates which logos you are required to have on your business cards or in your advertising. However, your broker may have a policy in place. Please check with your office policies on which logos you must use.

PLEASE NOTE: If you are using any of the NAR logos (i.e. the REALTOR® “R”, any designation logos), please be sure to review the graphics standards on how to use these logos. You can download the REALTOR® “R”, as well as view the graphics standards HERE

RESOURCES ON ADVERTISING

National Association of REALTORS®

  • Download the REALTOR® Logo: HERE
  • Other REALTOR® Logos: HERE

Minnesota Statutes

The Minnesota Association of REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.

NAR Tech Edge Event

Twin_Cities_Banner_72dpiThis one-day, high energy conference is geared towards agents who are eager to learn how current web-based and mobile technologies can benefit their business and client.

Join the National Association of REALTORS® and the Minnesota Association of REALTORS® on Wednesday, June 10th, in Bloomington, MN from 9am – 4:30pm at the Golden Valley Country Club.

Topics Include:

  • Content Strategy
  • Portable Technologies
  • Facebook
  • Digital Identities
  • Mobile Marketing
  • Photo & Video
  • Social Media and More!!

Seats are limited – reserve your today! For more Information and Registration CLICK HERE

The Minnesota Association of REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.