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May 11, 2020

Welcome to our April new members!

MAR added a total of 70 new members in April including affiliates, non-member licensees, and reinstated members. We are excited to welcome these new REALTORS® to our ranks and we offer many tools to help them build their business. One of these tools is the New Member Orientation, which is now being offered on line. Below is a picture of new REALTOR® members participating in a recent orientation. Read more for more information about MAR’s membership.

Stay in the know – sign up for our newsfeed!

Be the first to know about industry news and MAR offerings by subscribing to MAR’s website newsfeed! Subscribers will receive notifications when new content is added to the website. A summary email will only be sent on days there is new information posted. Subscription preferences can be updated at any time.

To subscribe, follow this link and enter your email in the box at the top of the page!

 

Protect Your Investment brochure

The National Association of REALTORS® has created a new brochure to help homeowners who are struggling to meet their loan obligations. The Protect Your Investment brochure encourages homeowners to work with REALTORS® and housing counselors and offers guidance on options provided by lenders.

You can either use the MAR-branded version, or download a version that you can customize with your own logo.

Click here for more information about the brochure.

MN Unemployment stats

The COVID-19 pandemic has had an unprecedented impact on employment in Minnesota, both in terms of scope and of speed. To help track UI applications by day, occupation, education level, gender, race and ethnicity, region and more, the Minnesota Department of Employment and Economic Development has developed the Daily and Weekly Unemployment Insurance Statistics dashboard. This tool provides a useful source of the most current information available on the status of employment in Minnesota.
 
Governments across the country are varying their approach to re-opening. As the number of confirmed cases of COVID-19 continue to rise in Minnesota, a slower approach to re-opening is emerging here. Congress is said to be considering a plan to fund state and local governments.

Congress is said to be considering a plan to fund state and local governments. Meanwhile, Minnesota’s state budget forecast swung wildly from a $1.5 billion surplus to a $2.42 billion deficit. This does not count a budget reserve of $2.36 billion, although those “rainy day” funds can not be expended without legislative approval. The Minnesota Legislature is required by the state consistution to adjourn by May 18 so there is little time left.

The Minnesota State Constitution also requires a blanaced budget but the legislature can wait to make that happen until 2021. Whether the legislature would or should is another question. A global deal is likely still a couple days away at best. Can anyone say “special session?” Stay tuned to MAR for further updates on state and federal changes that may impact real estate.
Join MAR's Director of Government Affairs, Eric Myers, for a free webinar on how federal, state and local government decisions impact you and your business. This weekly update will provide you the latest information to help guide your decisions during this challenging time. Monday, May 18, 2020 (1:00 PM to 2:00 PM). Registration is required.

Watch the latest webinar here
 

COVID-19 Weekly Market Impact

The Twin Cites housing market reached a major milestone this past week – a new high in overall market-wide showing activity. Read more on MAR's latest COVID-19 Market Impact.

Join MAR's Director of Research and Economics, David Arbit, for a free weekly 1 hour presentation and discussion around the impact of COVID-19 on the Twin Cities real estate market Thursday, May 14, 2020 (2:00 PM to 3:00 PM). Registration is required.

Watch the latest webinar here.
 

Upcoming CE Webinars with MAR

Real Size Matters
Tuesday, May 12, 2020 (8:30 AM to 12:15 PM)
Registration is required
This course has been approved by the MN Commissioner of Commerce for 3.75 hour of Real Estate Continuing Education
What Makes a House Smart?
Wednesday, May 13, 2020 (8:30 AM to 12:15 PM)
Registration is required
This course has been approved by the MN Commissioner of Commerce for 3.75 hour of Real Estate Continuing Education
Basics of MLS
Thursday, May 14, 2020 (8:30 AM to 12:15 PM)
Registration is required
This course has been approved by the MN Commissioner of Commerce for 3.75 hour of Real Estate Continuing Education

Upcoming Free Webinars with MAR

COVID-19 Weekly Market Impact
Thursday, May 14, 2020 (2:00 PM to 3:00 PM)
Registration is required
No hours of Real Estate Continuing Education
COVID 19: Weekly Government Response Update
Monday, May 18, 2020 (1:00 PM to 2:00 PM)
Registration is required
No hours of Real Estate Continuing Education
 
As president of the boutique branding agency Back2Basics, Tanya Troska has been providing a new level of service to her REALTOR clientele and associated businesses in recent weeks. Using one-on-one consultations, trainings, and other resources, she's helping her clients come up with strategies to stay connected with their customers while shifting to a more virtual business platform. 

Tanya says the increased brand engagement her clients are getting from more visible, personal outreach is positioning her clients for improved growth and reach.

Thanks, Tanya, for helping our members go virtual with their branding! 

Let us hear from you!

How have you adapted your business practices?

Please share your story with us by either uploading a word document with a picture or a video here. You can also email your submission to mplsrealtors@gmail.com.
 

Meet Your Trustee: Shannon Brooks

The MAR Foundation’s activities are governed by a 10-member Board of Trustees – a dedicated group of volunteers who care deeply about ensuring everyone has a place to call home. One of those volunteers is Immediate Past Chair Shannon Brooks.

Shannon describes why she became a REALTOR®: “I love the ability to help people achieve their real estate goals. I believe this is a relationship business, and I love meeting new clients and maintaining my relationship with past clients. Many of our past clients become friends during the process.” Read more
 

KSTP - May 6
New report: Pending sales, showings, listings increase since start of COVID-19 pandemic
2020 MAR President Linda Rogers spoke with KSTP on the increasing market activity: “I think there's some pent up demand, people know what they are dealing with a little bit more with the pandemic. They know how to protect themselves and they are feeling a bit more comfortable."

 

MAR Corporate Sponsor: Bell Bank Mortgage

Thank you to our corporate sponsor, Bell Bank Mortgage! They are a great partner and help MAR provide useful services to members.
 

The CE Shop

The CE Shop is extending their 40% off promotion through the end of May! Shop today and enter code SUPPORT40 at checkout. 
 

Market Reports

The Mortgage Bankers Association reported a 12% increase in mortgage applications last week, reversing a trend of falling activity due to the COVID-19 pandemic. While a positive sign of buyer interest and future home buying activity, application volume was still 20% lower than a year ago. More info

See our website for all market stats. 
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