Saskatoon Region Association of REALTORS® Saskatoon’s Voice of Real Estate “THE VIEW” Volume 9 Issue 4 APRIL 2009 ASR Symposium SRAR SRAR UPDATES CALENDAR ASR has prepared an outstanding two day Supra IBox symposium in Regina for all provincial members. April 4-5, 2009 When using the lock box system, double check The symposium is being held in concert with the • CREA Annual that the key cradle is completely secure before ASR annual meeting. Guest speakers include Dr. General meeting, leaving the property. Numerous complaints have Lynda Haverstock and Mike “Pinball” Clemens. Gatineau, Quebec been received regarding key cradles not being Registration forms available from ASR and SRAR. secure, they can fall out making it possible for April 22, 2009 anyone to take the key and enter the property. April 22, 2009 • ASR Leadership Secondly if your lock box does not open there may • Breakout Session - Tarasoft & Symposium, be ice build up in the inside. Remove the box, take • Breakout Session - REIX Regina, SK it inside or place it by a heater duct in your vehicle • Former Presidents’ Gala - banquet and for a few minutes. entertainment April 23, 2009 April 23, 2009 • ASR Symposium MLS® “No Showings” • Breakfast & Annual meeting, Regina, MLS® Regulation 3.17 • Opening Ceremonies SK The Saskatoon Region Association of • ASR Annual General Meeting REALTORS® will not accept listings which April 26-28, 2009 indicate “NO SHOWINGS UNTIL” or listings that • Luncheon - Dr. Lynda Haverstock have similar wording. No MLS® listing shall be Mike “Pinball” Clemons - keynote speaker • P.A.C. Days, Ottawa, ON advertised in any way which indicates or implies anything other than the listing is available to be MLS® A Power House for REALTORS® April 30, 2009 shown. Some REALTORS® and some members of • Membership the public are confused as to what MLS® is. The Education Day, at Data Integrity misconception is that REALTOR.ca. is the MLS®. The Willows 1:00 MLS® Regulation 11.06 REALTOR.ca is only the URL where members p.m.-3:00 p.m. advertise their listed properties. The MLS® system It is the responsibility of individual agents to is the agent cooperative structured many years ago check their listing and personal advertising to assist REALTORS® to sell each others listings. information for accuracy and report any The three pillars of MLS® were introduced to discrepancies in writing to the Association. This create the guidelines as to what qualifies as an includes, but is not limited to, the catalogue and MLS® listing. To qualify, a property must; supplements, The Saskatoon Region Association of REMEMBER REALTORS® website, CREA’S MLS®.CA site, etc. The Buyers Brokerage/Agent should always 1. Be listed by a REALTOR® i.e. member of TO WEAR verify published information to ensure accuracy CREA, when entering into a contract. The Association 2. Have a written contractual agreement as to YOUR services to be received and the frame time for assumes no liability for accuracy of this REALTOR® information. the listing, 3. A coop commission must be offered to the PIN buyer’s brokerage. President-Tim Kurka- 373-7520, President Elect-Henry Moulin - 934-0909 , Past President-Rob Friesen- 653-8222, Jim Bridgeman-242-3535, Shari Turner— 242-6000, Al Kraus 477-0111, Wayne Zuk-373-7520 Page 2 Volume 9 Issue 4 APRIL 2009 MLS® A Power House for REALTORS® COMMERCIAL HAPPENINGS Continued BY DON SYLVESTER The MLS® listing contains exclusive information for Mid West Developments/ Meridian Developments REALTORS® only, i.e. seller works shift work, property is vacant, commissions being offered to the buyer’s brokerage, listing expiry dates etc. The sellers name is also included for At a recent Commercial Division luncheon Ken Achs writing contracts and for setting appointments. of Meridian Developments outlined some of their new So when consumers visit REALTOR.ca and say I was on condominium projects; the “LUXE” on Broadway the MLS® they were only being exposed to one element of the Avenue and “The King George” the former KG Hotel on MLS® system which is the URL REALTOR.ca. 2nd Avenue. Prices start at $270,000.00 at the KG for an R The misunderstanding of what MLS® is has even caused 870 sq ft condo. Ken invited us to look at the lobby, the competition bureau problems because if MLS® is only the which is unique to Saskatoon and highlights some of the URL then anyone should be able to list on MLS®. The MLS® decor of the original hotel including rebuilt chandeliers. trademark is a very powerful tool that REALTORS® should Penthouse units at the “LUXE” are priced at fully explain to their clients when listing. $1,200,000.00. Young Professionals Committee Ken sees his developments as opportunistic with the result being a great diversity of product involving some Change is eminent in every market place environment. The REALTOR® role is also experiencing change. Today’s recognizable landmarks. Projects include the CP rail consumer still wants the REALTOR® involved with their station at Idylwyld and 24th, the former RCMP transaction but their expectations of the REALTOR®’s role headquarters on 8th street now home to “Golder has evolved in great part due to a more technological Associates” and the old Handicraft Supplies building, consumer. now home to the CBC. These are some examples of his 90% of consumers are pre-shopped before contacting a ingenuity and originality. REALTOR®. Via the internet consumers are able to seek out areas they want to live and become market savvy resulting Ken and the rest of Saskatoon’s entrepreneurial from their exploration. community remain very bullish on our prospects for Generation X and Y consumer’s desire access to growth during 2009. Industrial and commercial information using non traditional mediums. The rise in use of construction trades are sure to be very busy well into social media is a paradigm shift in how business is done and 2010. Commodity prices have bottomed out and the how professionals connect with today’s consumer. pieces for renewed global economic growth are falling in SRAR has a strong core of young professionals that are place. more in tune with younger consumers and how they want to do business. The board of directors is creating a “Young When I started in real estate in 1977 Ron Klombies, Professionals Committee”. This group will consist of members broker of C21 Klombies told me something I’ll never in the approximate 35 and younger demographic. I am sure a forget. He said; real estate is a local market place, what funky 40 year old probably wouldn’t get turned down. happens in Saskatoon has little or nothing to do with The purpose of the committee is to be a conduit with the what’s happening in Toronto. So what are our board of directors enabling the board to better understand the fundamentals in Saskatoon? Saskatchewan leads the needs and ideas of members in this age demographic. Opinion nation in employment. Wage increases for 2009 are will be sought from this committee not limited to determining forecast to be 4.1%, a third more than the national appetite and timing for movement to using social media at the average. We will continue to have job growth, population brokerage and association level. growth and housing absorption at very high levels. Our If you are a young professional and would like to be involved with this committee or have further questions please Mayor is convinced we will have a housing shortage contact SRAR EO at firstname.lastname@example.org or the old way 343- come September. 3440. No rotary phones allowed. In conclusion I believe Saskatoon is fortunate to have innovative, visionary developers like Ken Achs. Saskatoon’s landscape has been greatly influenced by Ken’s many development projects. SRAR MISSION STATEMENT The Mission of the Saskatoon Region Association of REALTORS® is to represent the real estate interests of its members; to provide services and programs which enhance the professionalism, competency and effectiveness of its members; and to advocate policies that improve the real estate market.