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May 18, 2020

Applications being accepted for MAR’s Board 

Now more than ever, the Minneapolis Association of REALTORS® has been a guiding resource for our members as you navigate these challenging times. MAR’s Board of Directors, comprised of 22 REALTOR® members, helps shape the direction of the association, ensuring it provides the programs and services that members need to be successful.   

You can make a difference by applying to serve as a Director on MAR’s Board. Three seats are open for a term of 3 years each starting in 2021. 

The deadline to apply is June 12. 

To learn more and apply, visit www.mplsrealtor.com/getinvolved
Todd Urbanski, MAR's Immediate-Past President, speaks about his expereinces on the Board of Directors. Watch the video here.
 

Reminder to submit license renewal early

Continuing Education hours and licensing renewals are due on Tuesday, June 30, 2020. It is recommended that you have all of your CE Credits and renewals done no later than June 15. MAR is offering live webinar real estate CE courses through June 18. Upcoming classes are listed below in this email. For a list of all courses and to register, visit our class calendar.

 

NEW course: Racism in Real Estate

Sponsored by MAR's Diversity Committee

The Minneapolis Area REALTORS® Diversity Committee is partnering with Mapping Prejudice to bring this course to members of MAR! MAR Members can receive a discount by using the promo code MAR2020.

This brand-new class, created by the Mapping Prejudice project, explores structural racism and the racial wealth gap as it applies to housing.

We’ll consider the role of the real estate industry in the history of racial housing discrimination and the consequences of these policies on housing equity today

Mapping Prejudice is a team of geographers, historians, digital humanists, and activists working to illustrate the history of racial discrimination in Hennepin County. They are mapping racially restrictive covenants to show that large swaths of our residential communities were protected for white households, contributing to our current racial wealth gap.

This online course has been approved by the Minnesota Commissioner of Commerce for 2.0 hours of real estate continuing education. It is open to all.
 

Upcoming CE Webinars with MAR

RPR: Navigating, Searching and Reporting for Your Consumers
Tuesday, May 19, 2020 (1:00 PM to 4:45 PM)
Registration is required
This course has been approved by the MN Commissioner of Commerce for 3.75 hour of Real Estate Continuing Education
Building Your Real Estate Team
Wednesday, May 20, 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
Video Made the Real Estate Star
Thursday, May 21, 2020 (1:00 PM to 4:45 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 21, 2020 (2:00 PM to 3:00 PM)
Registration is required
No hours of Real Estate Continuing Education
Gab with your GAD: Policies that impact you
Tuesday, May 26, 2020 (1:00 PM to 2:00 PM)
Registration is required
No hours of Real Estate Continuing Education
 

COVID-19 Weekly Market Impact

MAR's latest COVID-19 Market Impact reports, "Last week we passed a milestone where showing activity had reached a new high for the year. Showing activity continued to expand, reaching new highs this past week."

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 21, 2020 (2:00 PM to 3:00 PM). Registration is required.

Watch the latest webinar here.
 
Federal 
The U.S. House of Representatives passed the HEROES Act which would cost $3 trillion. It would have initiated a second round of stimulus payments and handed out $1 trillion to State Government to help fill budget holes. The legislation is said to be "dead on arrival" in the U.S. Senate. The U.S. Senate is likely to pass something for "phase 4" but will not be using the House package as a starting point for negotiations.  

State
The Minnesota Legislature adjourns today. The "Undone List" includes: Bonding Bill, Ratifying a State Worker Pay Raise, Legislative Oversight for the CARES Act, and any further Economic Tax Relief for the pandemic. Can anyone say, "special session?" 

Local
The City of Minneapolis is currently studying Rent Control and Tenant Opportunity to Purchase Act. A new Renter Protection Ordinance is set to go into effect June 1. The city is close to releasing materials to describe the changes. MAR is working with the City of Minneapolis to hold webinars on the topic. MAR will be keeping members updated on these issues and more! 
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. Tuesday, May 26, 2020 (1:00 PM to 2:00 PM). Registration is required.
 
Join us tomorrow from 10:00 AM to 11:00 AM via Zoom for a Virtual Breakfast with Back2Basics Digital Brand Manager, Tanya Troska.

Her topic: A Time for Frank Conversations about Managing Your Business in A New “Hands Off” Environment!

If you would like to attend, please email Robyn Chargo at robync@mplsrealtor.com and you will be sent the Zoom link.
 

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

This week ATTOM Data Solutions released their Q1 2020 U.S. Home Equity and Underwater Report, showing that just over one in four homeowners have at least 50% equity in their homes. More info

See our website for all market stats. 
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