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HomeNewsletter - September 2019
September NEWSLETTER:

Hello! Summer's over! Didn't this month go by fast for you too?

Well... Since there's been so much happening at KADREA, it feels like we moved into our new office just yesterday... (we actually moved on Aug 21, 2019). And ever since the KADREA HUB (our new office and training centre) was made available for community use, we've seen an overwhelming response from everyone. It's a place well equipped with the latest technology for global communication and meetings, being put to good use by the KADREA family.

REALTORS® and other community members have proactively supported the development of our new training centre. We'd like to thank Jeremy Reid (RE/MAX Kamloops) for taking the initiative and making use of this facility to teach and propagate the idea of continuous learning among our members. 


Team RE/MAX was at the HUB the other day for their Momentum training. 

It's great to see REALTORS® always Learning, consistently Innovating, and regularly Training


The next couple of REALTOR® courses will also be held at the HUB.

Details of these courses are given below:


 

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In Negotiating and Presenting Offers,REALTORS® will prepare for their role as a seller's or buyer's agent and learn the rights, roles, and responsibilities of each REALTOR® in presenting an offer. 

REALTORS® will also learn how to handle objections, revoke an offer, and make or receive a counter-offer while moving all parties towards acceptance.

 

By the end of this course, learners will be able to avoid common mistakes and handle objections with ease; increase the probability of all parties being agreeable to the price and terms in a contract of purchase and sale; develop tools to work more effectively with different personality types (the driver, the analyzer, the supporter, or the influencer); and feel more comfortable in the presentation of an offer and in multiple-offer situations.

 

Slots for this course are now full



 

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In Using Agency to Demonstrate REALTOR® Value, REALTORS® will study the fundamentals of agency; fiduciary duties (loyalty, confidential, disclosure); and other duties owed in the agency relationship and learn how to create winning presentations for buyers an sellers. 

By the end of this course, learners will be able to articulate to consumers the benefits of being represented and the risks of being an unrepresented party using a script template and specific language to explain the type and nature of representation they intend to provide. REALTORS® will also have a better overall understanding of agency and disclosure, the forms required to document representation, and the associated issues that may arise. They will be able to utilize strategies to help avoid the risk of misrepresentation, vicarious liability, and breach of fiduciary duties.


Register: Using Agency to Demonstrate REALTOR® Value - 10/10/2019


 

#KADREAGala 2019:

The 2nd Annual KADREA REALTOR® Awards Gala was held on September 27 at the TRU Grand Hall. KADREA (Kamloops & District Real Estate Association) and its stakeholders - Kamloops Chamber of Commerce, Appraisal Institute of Canada, RealtyServer, Real Estate Council of BC, Real Estate Foundation of BC, Canadian Home Builders Association, Venture Kamloops, City of Kamloops, TNRD, and British Columbia Real Estate Association (BCREA) have now come together to honour excellence in the Kamloops Real Estate sector in for the second time in as many years.

Hailed as the most awaited event of the REALTOR® community in Kamloops, BCREA CEO – Darlene Hyde, Real Estate Foundation of BC (REFBC) CEO – Jack Wong, Canadian Home Builders Association (CHBA) EO – Rose Choy and Kamloops Chamber of Commerce’s Executive Director – Acacia Pangilinan attended the event.

Winners of the KADREA REALTOR® Awards Gala 2019 were announced on the night.

1. REALTOR® of the Year – Linda Turner (RE/MAX Real Estate Kamloops)
2. Rookie REALTOR® of the Year – Lisa Moonie (Royal LePage Westwin Rlty.)
3. Distinguished Service Award – Vince Cavaliere (River City Rlty.)
4. REALTOR® Choice Award – Helen Ralph (RE/MAX Real Estate Kamloops)
5. Outstanding Affiliate Award – Cliff Brauner (Pillar to Post)
6. Non-member Citizenship Award – Sarah Park (Mortgage Alliance)

Watch Non-member Citizenship Award and REALTOR® Choice Award nominations below: 

Swipe 'Left' to view pictures from the Gala:


Slideshow
KADREA GALA 2019



It was a night where we celebrated the bond which KADREA's Family members share.

KADREA is dedicated to bringing creative methods that encourage REALTOR® members to excel and to do better in a super competitive environment. The KADREA REALTOR® Awards Gala is a proven way to accomplish that.

The selection process has hence been set, such that it investigates several aspects like the number of nominations received, the comments left for the nominees, the final position they achieved, and comments left by a 3rd-party selection committee.

KADREA has been successful in engaging brokerages and raising awareness among affiliates to nurture their creative and hard-working talent to go beyond the ordinary in the Kamloops Real Estate market.

We thank all our members, affiliates and stakeholders who took time to nominate candidates for the awards and left them constructive comments.

It's the active participation of our members which made this night so special!


 

KADREA News:

Kamloops real estate’s best honoured

Six realtors walked away with hardware at the second annual KADREA Realtor Awards gala, which was held last weekend at the Grand Hall at Thompson Rivers University.

The event honours excellence in the Kamloops real estate sector and is organized by the Kamloops and District Real Estate Association and a group of partners.

Read full article? Click below:

Kamloops This Week


Kamloops has a Hub for all things real estate

The offices of the Kamloops and District Real Estate Association (KADREA) have been renovated, but the re-opened space offers more than simply a fresh coat of paint.

What is now called the KADREA Hub opened its doors in the past few weeks.

Read full article? Click below:

Kamloops This Week


Kamloops real estate market sets new median price record

The latest numbers from the Kamloops and District Real Estate Association (KADREA) show local sellers set a record for the median home price in August.

According to a news release from KADREA, last month’s median price was $510,000. That was up 9 per cent from the same time in 2018.

The association says that jump is largely due to a jump in the number of homes selling in the $600,000-to-$700,000 range.

A total of 294 properties changed hands last month, the same number as July and down 9.3 per cent from August of last year.

Read full article? Click below:

CFJC News

BCREA News:

1. September Mortgage Rate Forecast:

Highlights: 

  Stress test limiting impact of falling mortgage rates
  Canadian economy: Strong second quarter, but will it last?
  Bank of Canada on hold for now

Download & Read Report? Click below:

BCREA Mortgage Rate Forecast


2. The BCREA Economics team has introduced the BCREA Nowcast

BCREA Nowcast—a new tool for tracking monthly growth in the BC Economy. Growth of provincial GDP is a key indicator of economic activity, but provincial GDP data is only available annually and with a considerable delay, which is why BCREA has developed this new tool. The Nowcast compiles monthly economic data into one easy-to-understand number, expressed as the year-over-year growth in the BC economy.

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for July is 2.1 per cent, equaling estimated annual growth in June. That is the slowest estimated growth since May 2015. You can view the full report and charts here: 

BCREA Nowcast Info


3. Brendon Ogmundson Steps Into Role of BCREA Chief Economist

Darlene Hyde, Chief Executive Officer of the BC Real Estate Association (BCREA), is pleased to announce the appointment of Brendon Ogmundson as Chief Economist for BCREA.

Brendon has been with BCREA for nine years, most recently serving as Deputy Chief Economist. Earlier this year, he was awarded the Crystal Ball Award by the Association of Professional Economists of British Columbia for the quality of his economic forecasting. 

Read more: 

New BCREA Chief Economist


4. Potential Uptake of the First-Time Home Buyer Incentive

Evaluating the First-Time Home Buyer Incentive (FTHBI) based on its principle eligibility criteria, the highest potential uptake of the FTHBI would be in more affordable regions located outside of the Lower Mainland. In contrast, the lowest uptake would be in the Lower Mainland and Victoria, accounting for 44 per cent of sales. This suggests that the FTHBI is expected to have limited impact on provincial home sales.

Differences in the potential uptake of the FTHBI across the select regions is largely explained by the allowable maximum house price. As such, the price threshold is the most limiting in regions with higher house prices, which tend to be concentrated in the Lower Mainland and Victoria.

The maximum income threshold is less important to potential uptake because the share of first-time homebuyers meeting this threshold is relatively comparable across the select regions.

Read full article:  First-time home buyer incentive

Download full report: FTHBI Report 

KADREA MEMBERSHIP Update:

JOINING MEMBERS - October 2019



LEAVING MEMBERS

1. Alejandra Carroll - Royal LePage Westwin Rlty.

2. Thane Friesen - Best West Kamloops Rlty.

3. Lisa Atkinson - Riley & Associates Realty Ltd. (October 2019)


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