MLS Stats, Member Moments, Dual Agency ~ 1/17/19

MLS Stats, Member Moments, Dual Agency ~ 1/17/19

The 2018 End of Year MLS Statistical Report is now available. Over all, according to MLS Director Dan Sutherland, 2018 was a good year. However, there are some trends that bear watching. Sales are flat (less then a 1% change) while listings in an Under Contract status have declined sharply (9%). Inventory, on the other hand, is up (5%). Median sale price, depending on area, is also flat.

Also of note, the town of Kitty Hawk saw the biggest increase in residential unit sales (20%) among all townships when compared to 2017.

To access the full report you may click on the image above or click HERE.

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It has been a busy week at OBAR for new members! Please join us in welcoming Kellye Brill of Coldwell Banker Seaside – KH, Ann Taylor Lusk also with Coldwell Banker Seaside-KH, William Alexander, III of Keller Williams – OBX, and Amanda Robinson also of Keller Williams – OBX.

We know that you will give them a nice welcome when you see them at OBAR events and around town. Don’t hesitate to invite them to our Membership Meeting next week or our YPN Winter Social at the end of the month!

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Report Raises Concerns Over Dual Agency

Consumers are confused when it comes to dual agency arrangements in real estate, according to a new report from the Consumer Federation of America that reflects results from a consumer survey and a mystery shopper survey of real estate agents.

“Today, many home buyers and sellers do not know whether their agent is representing their interests, those of the other party, or those of neither,” says Stephen Brobeck, a CFA senior fellow and author of the report. “Given the huge expenditure of a home purchase and the conflict of financial interests between seller and buyer, it is important that consumers know who their real estate agent is actually representing.”

States have laws requiring real estate interests and relationships to be disclosed to clients. But the CFA report suggests the laws may not be sufficient. The report says that the laws typically define agent roles as “agent,” “subagent,” “transactional agent,” “designated agent,” and “dual agent”—words consumers say they do not understand.

To read the entire article click HERE

To learn more about the NCREC rules for Dual Agency click HERE.

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Current NCREC Continuing Education (CE) Period: July 1, 2018 – June 10, 2019
Current NAR Code of Ethics Training Period: January 1, 2019-December 31, 2020
->Online CE electives including the “Cracking the Code of Ethics” CoE Elective are available July 1, 2018-June 10, 2019 at obar.theceshop.com<-

  • January 22 ~ MLS Committee Meeting ~ OBAR ~ 9:00A
  • January 23 ~ Education Committee Meeting ~ OBAR ~ 9:00A
  • January 24 ~ General Membership Meeting ~ Captain George’s ~ 9:00A
  • January 30 ~ Legislative Committee Meeting ~ OBAR ~ 3:00P
  • January 31 ~ YPN Winter Social ~ Mako Mike’s ~ 4:30P-7:00P
  • February 7 ~ BOD Meeting ~ OBAR ~9:00A
  • February 12 ~ PM Hot Topic-Bed Bugs ~ OBAR ~ 9:00A
  • February 13 ~ BIC Breakfast ~ Mako Mike’s ~ 8:00A
  • February 13 ~ Forum for HO insurance rate filing ~ KDH Town hall ~ 7:00P
  • February 19 ~ MLS Committee Meeting ~ OBAR ~ 9:00A
  • February 20 ~ Education Committee Meeting ~ OBAR ~ 9:00A
  • February 21 ~ F&B Committee Meeting ~ 9:00A
  • February 22 ~ Bowling Tournament ~ OBX Lanes ~ 6:30P
  • February 27 ~ Legislative Committee Meeting ~ OBAR ~ 9:00A

For information on past events, check out the MILEPOST Page.

Member Resources, Milepost