Outer Banks Association Milepost June 14

Outer Banks Association Milepost June 14



2019 May MLS Statistics NOW Available

The 2019 May MLS Statistics are now available.  According to MLS Director Dan Sutherland, while Under Contract listings are down 3% from 2018, May sales jumped 11% from April.  Residential Inventory continues to climb for the 12th month in a row.  Based on the above, the MLS predicts there will be a lot of closings in June. And finally, for the second month in a row, Ocracoke had the highest percentage of residential sales at a whopping 125% over this time last year with a 14% increase in Median Price.  Good news for our REALTORS® in sales!
Click HERE to view the 2019 May statistics  in pdf or excel formats.


Take the Quiz!

This week the National Association of Insurance Commissioners (NAIC) released a new online quiz.  “What the Flood!,” as part of its #YourRiskIsReal campaign, an ongoing effort to educate consumers about flood risks and the need to consider purchasing flood insurance. The #YourRiskIsReal campaign educates consumers about flood risks and dispels dangerous misconceptions about flood insurance.
The short, interactive quiz presents complicated insurance concepts in easy-to-understand terms. Sample questions include: “Is damage from a busted bathroom pipe and a burst levee covered by the same policy?” and “If a hurricane floods your car, do you file a claim with auto or home?”
You may read about the NAIC What the Flood! Quiz in the following places:



Welcome New Members!

Tim Cafferty teaching the Code of Ethics

With so many new members joining OBAR over the last few months, it was no surprise that yesterday’s New Member Orientation was a packed house.  32 new members attended the day-long orientation that includes learning about the Code of Ethics, Bylaws & Policies, different OBAR committees, REALTOR® Safety, benefits, and the histories of OBAR, NCR, & NAR.

OBAR would like to thank all of our new members for attending the orientation.  Special thank you to Cindy Edwards of Century 21 Nachman Realty, who volunteers her entire day to moderate the NMO, and Tim Cafferty of Outer Banks Blue, who volunteered his time to teach the Code of Ethics. We would also like to thank 2019 President J-P Peron of the Outer Banks Real Estate Company at eXp Realty, John Register of Village Realty, Janice Scarborough of Twiddy & Company, Brook Sparks of Beach Realty & Construction, and Alex Wright of Citizens Bank for presenting throughout the day.


Please join us in welcoming our latest new members!
Megan McDaniel – Seaside Vacations
Kimberly Stetson – Village Realty-NH
Welcome to OBAR!


Legal Hotline

Free with unlimited access included!

Q: If a buyer’s agent submits an offer to a listing agent, and that offer is rejected by the seller, are the listing agent and buyer’s agent required to keep a copy of the rejected offer for 3 years?

A: YES.  NCREC Rule .0108 provides in part that brokers “shall retain records of all sales, rental, and other transactions conducted in such capacity, whether the transaction is pending, completed, or terminate.”  Subsection (b) of the same rule specifically says that “offers to purchase” are included within the definition of “Records” that should be preserved.

This Q&A provided by Insight Magazine, published by NC REALTORS®


Safety Tip of the Week:

Touch Base

Always let someone know where you are going and when you will be back; leave the name and phone number of the client you are meeting and schedule a time for your office to call you to check in.

And remember, “Safety is No Accident”!


June 27th ~ National Ethics Day with Leigh Brown ~ OBAR ~ 1:00P-4:00P

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

June 18 ~ MLS Committee Mtg ~ OBAR ~ 9:00A
June 19 ~ Paragon 101 & CRS Training ~ OBAR ~ 1:00P-4:00P
June 19 ~ YPN Beach Cleanup & Social ~ Martin Street Beach Access & Bonzer Shack ~ 5:00P
June 26 ~ REALTORFest Mtg ~ OBAR ~ 10:00A
June 26 ~ MLS Orientation Training ~ OBAR ~ 1:00P-3:00P
June 26 ~ Legislative Committee Mtg ~ OBAR ~ 3:00P
June 27 ~ Finance & Budget Mtg ~ OBAR ~ 9:00A
July 4th ~ OBAR CLOSED ~ Happy Independence Day!
July 3 ~ Paragon 101 & CRS Training ~ OBAR ~ 1:00P-4:00P
July 10 ~ MLS Orientation Training ~ OBAR ~ 1:00P-3:00P
July 17 ~ Paragon 101 & CRS Training ~ OBAR ~ 1:00P-4:00P
July 18 ~ YPN Beach Cleanup & Social ~ TBD ~ 5:00P
July 24 ~ MLS Orientation Training ~ OBAR ~ 1:00P-3:00P
July 31 ~ Paragon 101 & CRS Training ~ OBAR ~ 1:00P-4:00P

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