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March 9, 2020

MAR featured in REALTOR® Magazine

How will the Minneapolis 2040 plan impact the housing market? Check out the latest article in Realtor magazine featuring MAR's Realtor of the Year Cotty Lowry, MAR Board member Rod Helm, CEO Carrie Chang, and Government Affairs Director Eric Myers. Read more

Also in the news, 30-year mortgage rates at a record low:

StarTribune: A record low on average 30-year fixed mortgage: 3.29%

Coronavirus update

MAR continues to monitor the impacts of the COVID-19 (coronavirus) and is committed to providing you the latest information about this developing situation.NAR recently suspended all non-essential travel and has issued this guide for REALTORS® to help members respond to the coronavirus’ potential impact on the real estate industry. As a precaution against the coronavirus and other illnesses, follow these three simple steps:

1. Wash your hands
2. Cover your cough
3. Stay home when you’re sick

Here at MAR, we are currently continuing normal business operations and we are prepared to take additional measures, if necessary, to protect your health.

Early Bird Pricing Ends Today

Housing Day at the Capitol is Monday, March 23 this year. Meet with legislators and discuss issues facing the housing industry. Register today for early bird savings of $15!

Join us for our biggest event of the year on April 29, 2020! The REALTOR Summit has it all: engaging and high energy speakers, continuing education credits, great networking opportunities, and a fantastic vendor expo.

Meet the instructor of "Say No to the Friend Zone," Tommy Choi:

Tommy Choi is a successful agent that co-founded a team in 2007 that has gone on to sell over 900 properties, and over $400 million dollars in the sales volume. They are consistently ranked in the top 10 real estate teams in Chicago, which puts them in the Top 1% of Chicago Association of Realtors’ top producers. Tommy also served as the 135th president of the Chicago Association of Realtors and the first Korean-American president in the association’s 135 year history. He also serves as an active member of the Illinois Realtors, and is the Chair of the National Association of Realtors’ YPN Advisory Board.
Tommy Choi
Read the course description and register today.

Welcome Ryan!

Welcome to the newest member of MAR’s Board of Directors Ryan Scheldrup! Ryan has been appointed to fill the seat vacated by Rosie Hatfield, who left the board to take a staff position at MAR. Ryan is Immediate Past Chair of the Awards and Community Engagement Committee and is also a member of MAR’s Government Affairs Committee. He is a past recipient of the Jean Leake Emerging Markets Scholarship and has served in various volunteer capacities at the MN Association of Realtors and Regional MLS.


February New Members

In February MAR added a total of 112 new members including affiliates, non-member licensees and reinstating members.

The total February MAR membership was 9097 including affiliate and non-member licensees, reflecting a net increase of 3.06% in membership compared to February 2019.

The total February MLS membership was 9961 which includes unlicensed assistants, office staff, MLS Only, Government access, reflecting a net increase of 2.6% compared February 2019. View report


Upcoming Classes

7/1/19 - 6/30/20 Salesperson and Broker Required Module: Agency, Fair Housing & Energy Efficiency
Wednesday, March 11, 2020 (8:30 AM to 12:15 PM)
This course has been approved by the MN Commissioner of Commerce for 3.75 hours of Real Estate Continuing Education

Real Size Matters
Wednesday, March 11, 2020 (1:00 PM to 4:45 PM)
This course has been approved by the MN Commissioner of Commerce for 3.75 hours of Real Estate Continuing Education

Introduction to Staging
Thursday, March 12, 2020 (1:00 PM to 4:45 PM)
This course has been approved by the MN Commissioner of Commerce for 3.75 hours of Real Estate Continuing Education

Using RPR to Better Serve Buyers and Sellers with Data and Analytics
Tuesday, March 17, 2020 (1:00 PM to 4: PM)
This course has been approved by the MN Commissioner of Commerce for 3.0 hours of Real Estate Continuing Education

Tuesday Mornings @ MAR
Tuesday, March 17 (10:00 AM to 11:00 AM)

Join us, along with Julie Olson, local broker and MAR member, to discuss "Finding Your Niche and Positioning Yourself in the Marketplace."

The breakfast sponsor will be Vicki Hoeppner - Heartland Inspections

NorthstarMLS mandatory policy now in effect

NorthstarMLS implementation of NAR's Clear Cooperation Policy took effect March 1, 2020. Watch this informational video for a summary of the new policy:



Market Reports

The U.S. Commerce Department reported this week that new-home sales rose 7.9% in January to a seasonally adjusted annual rate of 764,000 units, which is 18.6% higher than a year ago and the highest monthly sales pace since July 2007. More info

See our website for all market stats. 
View more