DECEMBER 2023
MEMBERS FIRST
NEWSLETTER President’s Message
2023 began with the real estate market enjoying the tail end of the pandemic boom. Looming on the horizon, however, was the threat of the Feds determined to do whatever it takes to keep inflation in check. They acted quickly and harshly. The resulting slowing effects on our market have been undeniable and many pending sales fell through because buyers could not qualify. We also saw a pullback from both US and foreign investors.
Imran Mohamed
2023 PRESIDENT
As we near the end of 2023, we are seeing the lowering of mortgage rates and with this we expect to see buyers / investors trickle back into the market. Lower rates may cause the prices to rise and since all real estate is local, different areas will be impacted differently.
3. For the third time, we maintained our Global Diamond Award from NAR. 4. We kept our education classes free for all our members. 5. We had one of the largest registrations and attendance at our Annual Business Meeting. In 2023 the term AI - Artificial Intelligence became 6. Elevated our Association’s standing at the local, state, and National levels. a household name and Realtors were grabbing 7. Signed our first Memorandum of Understanding with at every opportunity to understand how this Mexico. technology will transform the industry and their 8. In the coming days we will be setting up a Strategic individual business. Planning Task force that will be charged with determining how best we as an association will deal with the changes and Undoubtedly, the legal ramifications from those turbulence impacting our industry and our profession. lawsuits and others in the pipeline, as well as 9. We have kept your association on a strong and solid changes resulting from AI and other technologies financial footing.
At the National level we saw our industry and our profession embroiled in some major lawsuits with the DOJ as well as sexual harassment acquisitions against NAR’s President - Kenny Parcel.
will transform what we look like as an industry and will definitely change how we operate professionally.
From a local perspective, your dedicated Board of Directors has kept our Association in an enviable position. Here are just some of the highlights of our accomplishments in 2023:
As my Presidency comes to an end, I’d like to thank you all for the confidence placed in me to lead this association at the highest level and I hope you all benefited from our efforts to MOTIVATE, EDUCATE and ELEVATE our membership and our Association.
I enjoyed serving you all and working with my 1. We exceeded our RPAC goals; raising nearly $200,000 with Board of Directors, Committee Chairs, and our more than a 54%-member participation while also exceeding dynamic and talented CEO, Twis Lizasuain.
our major investor goal - earning Florida Realtors Triple I do hope that I’ve left our Association stronger, Crown award. 2. We have done the groundwork to start our own Real Estate better and a little bit closer to perfection. School -The Real Estate and Learning Center also known as The REAL Center which is expected to open at the end of 1st I wish you and your families Happy Holidays and all the best for 2024! quarter 2024.
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