A Home For All: Embracing Fairness and Inclusion in Real Estate 6 July 2023 When Writing Can Go Wrong: A Recent Reminder on the Requirements of Florida’s Statute of Frauds 14 Global Times at NAR’s 2023 Legislative Sessions in Washington, D.C. 25
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6 COVER STORY
A Home For All: Embracing Fairness and Inclusion in Real Estate
At RASM, we are committed to promoting diversity and representation in the real estate industry and ensuring that individuals from diverse backgrounds have equal access to opportunities, including representation in leadership positions, real estate agent roles, property management, and other related fields. RASM stands firm with the National Association of REALTORS® (NAR) in our joint commitment to the REALTOR® Code of Ethics, Fair Housing initiatives, adhering to the Americans with Disabilities Act, and fully promoting inclusivity and diversity in all we do.
Statute of Frauds
Every purchase and sale of real estate begins with an agreement on the terms of sale. The question then is: at what point do you have an enforceable agreement? Under Florida law, any agreement must contain basic elements to constitute a valid and enforceable contract.
Global Times with NAR
T he NAR 2023 REALTORS®
Legislative Meetings, provided the venue for Realtors®, lawmakers, and industry leaders to have critical policy conversations. It was also an opportunity to discuss what’s happening in the NAR global world.
Continuing Education is Key
In an ever-evolving industry like real estate, where market conditions, laws, and consumer preferences constantly change, the importance of continuing education cannot be overstated. It is a vital component for real estate professionals seeking long-term success in this industry.
Contents JULY 2023 12 Professional Standards 14 Realtor® Attorney Joint Committee 15 RASM REALTORS® Charitable Foundation 18 Government Affairs 19 Market Analysis 25 Global Business Council 26 Young Professionals Network 27 Neighborhood Spotlight 28 Professional Development Committee
Calendar of Events
Membership News
32
39
25
28 14 4 | ELEVATE [ JULY 2023 ]
RASM South - 2320 Cattlemen Road
Sarasota, Florida 34232
RASM North - 2901 Manatee Ave W Bradenton, FL 34205
Phone: 941-952-3400
FAX: 941-952-3401
www.MyRASM.com
STAFF CONTRIBUTORS:
Vice President of Communications & Engagement:
Gina McCarthy
Vice President of Operations & IT:
Jesse Sunday
Vice President of Advocacy & Member Programs:
Maxwell Brandow
Professional Development Manager:
Denise Ricciotti
Member Services Manager:
Jessica Montague
Magazine Editor:
Beth Sunday
2023 ASSOCIATION OFFICERS:
President:
Brian Tresidder, William Raveis Real Estate
Vice President:
Tony Barrett, Barrett Realty, Inc
Treasurer:
Debi Reynolds, Florida SunCoast Real Estate
Immediate Past President:
Tony Veldkamp, SVN ® Commercial Advisory Group
Chief Executive Officer:
Jeff Arakelian
MISSION STATEMENT:
Empower and engage our REALTOR® Community by delivering essential services, resources, education and experiences that elevate member success and professionalism, while advocating for REALTOR® initiatives and private property rights.
VISION STATEMENT:
We are an innovative and relevant association that elevates the standards of professional excellence, and are critical to our members’ success, while providing value to our community.
SUBSCRIPTIONS:
The annual dues of every member of the REALTOR ® Association of Sarasota and Manatee, Inc., includes a one-year digital subscription to ELEVATE Magazine. Editorial ideas and manuscripts are welcomed.
Byline articles and columns express the opinions of the writers and do not necessarily reflect the policies or sentiments of the REALTOR ® Association of Sarasota and Manatee, Inc. All submitted copy is subject to editing. 2023 Copyright © by the REALTOR ® Association of Sarasota and Manatee, Inc. All rights reserved. Reproduction in whole or in part without written permission is prohibited.
For information on advertising rates, artwork, and deadlines, contact Beth Sunday, Magazine Editor, at 941-952-3417 or email Beth@MyRASM.com
Diversity, Equity, & Inclusion
By: Jeff Arakelian, RASM CEO
As you may know, RASM is a local association that is part of the National Association of REALTORS® (NAR). Complying with NAR’s Core Standards, our Associaiton supports and identifies NAR’s initiatives as the key to our combined success.
The REALTOR® organization, at all levels, has identified Diversity, Equity, and Inclusion as a key strategic opportunity to be incorporated into REALTOR® Association strategic plans. Today, I wanted to share NAR’s strategic priorities related to DEI and how they will guide our Association moving forward. We hope that this will shed some light:
NAR’S DIVERSITY & INCLUSION COMMITMENT STATEMENT
The National Association of REALTORS® represents more than 1.5 million Realtors® in diverse communities across the country. NAR staff fosters a culture where diversity and inclusion are integrated into each of our five core values. Through inclusive collaboration and mutual respect for our colleagues, we focus on the principles that matter to the organization and drive how we engage each other to reach our common goals. We fully embrace perspectives from all walks of life - regardless of race, ethnicity, gender, religion, age, sexual orientation, gender identity, disability, national origin, socioeconomic status, political affiliation or any other qualities by which we may define ourselves. We commit to bringing out the best in ourselves, uncovering our hidden talents, and celebrating differences in our day-to-day interactions. These beliefs are essential as we serve our members who help fulfill the dream of home and property ownership in America.
NAR DEI STRATEGIC PLAN
In NAR’s Strategic Plan focused around Diversity, Equity, and Inclusion, the following pillars have been outlined as strategic opportunities for success.
PILLAR: EXECUTIVE COMMITMENT
Strategic Opportunity: Diversity, Equity and Inclusion are prioritized, built into our association structures and process, and measured consistent with other NAR strategic initiatives.
PILLAR: MEMBERSHIP
Strategic Opportunity: We have a diverse membership that is represented in our leadership, governance, and committee structures.
PILLAR: CULTURE
Strategic Opportunity: We have an inclusive association culture where everyone feels welcomed, connected, a sense of belonging, and realizes the NAR value proposition.
PILLAR: ADVOCACY
Strategic Opportunity: We promote public policy and provide programs to advance broader homeownership availability and affordability in all communities. We prioritize efforts to narrow homeownership gaps among demographic groups and promote strong enforcement of antidiscrimination laws in the housing market.
PILLAR: PARTNERS
Strategic Opportunity: We identify and develop a diversity of partnerships to better serve our members, the real estate industry, and communities.
PILLAR: COMMUNICATION & MARKETING MANAGEMENT
Strategic Opportunity: We deliver the D.E.I. message to the hearts and minds of our members, the real estate industry, and communities. •
CEO UPDATE
myRASM.com | 5
A Home For All: Embracing Fairness and Inclusion in Real Estate
At RASM, we are committed to promoting diversity and representation in the real estate industry and ensuring that individuals from diverse backgrounds a re welcomed and supported in leadership positions, real estate agent roles, property management, and other related fields. RASM stands firm with the National Association of REALTORS® (NAR) in our joint commitment to the REALTOR® Code of Ethics, Fair Housing initiatives, adhering to the Americans with Disabilities Act, and fully promoting inclusivity and diversity in all we do.
A HOME FOR ALL
Brian Tresidder, 2023 RASM President, has made the phrase “A Home for All” his theme for the year. This powerful statement will be carried through RASM’s philosophy every year as we stand for inclusion and respect for all of our members.
“A Home for All” is exactly what it sounds like, ensuring that every real estate opportunity is accessible to everyone. It’s also RASM’s commitment to providing a warm and welcoming professional Association for all our members, without exception.
“I truly believe in trying to make a difference and leaving this world in a better place than when we came into it,” said Brian Tresidder, 2023 RASM president. “At RASM, we have the perfect platform to
achieve that, to learn from past societal mistakes, and practice inclusion with a fresh perspective.”
THE DANGERS OF IMPLICIT BIAS
The concept of fair housing and ensuring a “home for all” is certainly not new. The Fair Housing Act was passed more than 50 years ago in 1968. Fair Housing laws and regulations are in place to protect individuals from housing discrimination and to promote equal housing opportunities for everyone. Unfortunately, discrimination in housing still exists today, partly due to implicit biases. An implicit bias refers to unconscious attitudes, stereotypes, and prejudices that affect our judgments and actions without our conscious awareness.
The biases we face today did not unfold overnight, so we cannot expect a quick remedy. However, keeping an open mind, educating ourselves, and committing to change are healthy steps to a better tomorrow.
“I believe taking the approach of educating someone, compassionately and with reason, is the best approach in situations that involve implicit bias,” said Tresidder. “Somewhere along the way, they were influenced and don’t even realize the harm or issues their comments can cause. It all comes back to education and understanding. It’s important to understand what this type of bias is and how to combat it.”
COVER STORY
6 | ELEVATE [ JULY 2023 ]
Implicit bias in real estate can manifest in different ways and have significant consequences for individuals and communities. Some ramifications include:
Differential Treatment: Implicit bias can lead to differential treatment of prospective buyers or renters based on their race, ethnicity, gender, or other protected characteristics. For example, studies have shown that minority individuals may experience discrimination in housing searches, such as being shown fewer listings or being steered toward certain neighborhoods.
Pricing Disparities: An implicit bias can also contribute to pricing disparities in real estate. For example, appraisals, which determine the value of a property, can be influenced by implicit biases that devalue properties in certain neighborhoods or for certain demographic groups.
Access to Financing: Implicit bias may also affect access to financing options for certain individuals or communities. Lenders may have biases, albeit unknown to them, that result in differential treatment when considering loan applications, leading to disparities in mortgage approvals and interest rates.
Addressing implicit bias and overall discrimination in real estate involves raising awareness among industry professionals and providing adequate training to recognize and mitigate intolerances.
“We’ve all had influences on us throughout our lives that we can’t control, but the goal is to try and be better and try to learn from each other. Education is the key to breaking bad habits,” added Tresidder.
UPHOLDING A HIGHER STANDARD
THE CODE OF ETHICS
Combating discrimination has been at the heart of NAR’s foundation from the beginning. NAR’s Code of Ethics, adopted in 1913, was one of the first codifications of ethical duties adopted by any business group. The Code ensures that consumers are served by requiring Realtors® to cooperate with each other in furthering clients’ best interests. Realtors® are real estate professionals who have chosen to join the National Association and are required to abide by its strict Code of Ethics. The Code was formed to establish the duties of the Realtor®, and to protect both the client and the public. Article 10 directly speaks to the issues of fair housing.
Article 10, Duties to Clients and Customers:
“Realtors® give equal professional service to all clients and customers irrespective of race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity. Realtors® do not discriminate in their employment practices.”
The Code of Ethics provides the backbone for professional expectations of a Realtor’s® conduct. Realtors® are subject to disciplinary action and sanctions if they violate the duties imposed by the Code of Ethics.1
“It’s a poor reflection on all of us if there is even one real estate agent, appraiser, lender, or any entity that serves the real estate community committing a violation,” said Tresidder. “Not only is discrimination illegal and a violation of the COE, but it is an attack on our industry and our reputation. One discriminatory act can hurt us all.”
“There are severe penalties for violating Fair Housing laws or Article 10 of the Code of Ethics,” said Jeff Arakelian, RASM CEO. “We take these violations seriously, and RASM is committed to educating our members to eliminate any potential violations. In addition, our Strategic Plan has been updated to fully integrate DEI into the Association’s programs and activities. We want members of all backgrounds to feel welcome. Whether they are a member of our highest level of governance or a brand-new member, all are warmly welcomed without exception.”
THE FAIR HOUSING ACT
The purpose of the Fair Housing Act is to make certain that the issues of discrimination are not just ugly; they are illegal. The Act protects people from discrimination when buying or renting a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities. The Act prohibits discrimination in housing because of age, race, color, religion, sex, disability, familial status, or national origin. The difference between the Fair Housing Act and NAR’s Code of Ethics is that NAR includes sexual orientation and gender identity in their protected classes. This policy is also embodied in NAR’s Code of Ethics. For more information on Fair Housing policies and laws or to report a Fair Housing violation, please contact our Professional Standards staff at 941-952-3400 or prostandards@myrasm. com. For possible Fair Housing Act complaint visit www. hud.gov/fairhousing/fileacomplaint. 2
[ Continued on page 8 ]
myRASM.com | 7
FAIR HOUSING TRAINING REQUIREMENT STARTING IN 2023
During the recent 2023 NAR Legislative Meetings in Washington, D.C., the NAR Board of Directors passed a new fair housing training requirement for members. New-member applicants must now complete two hours of fair housing training and existing members must complete two hours of fair housing training every three years as a condition of Realtor® membership, including one education option that is of no cost to members. The three-year cycle coincides with NAR’s existing Code of Ethics training requirement and begins in 2025. The education courses mentioned in this article satisfy the new NAR requirements, but for details, visit the NAR Fair Housing page at nar.realtor/fair-housing 3
FAIRHAVEN: A FAIR HOUSING SIMULATION
Realtors® are committed to abiding by fair housing laws and the Code of Ethics. But sometimes, our past experiences or bias can lead us astray. Educating Realtors® on the dangers of that bias is so critical that NAR has taken major steps to assure the success of its educational opportunities. Based on the foundations of the Fair Housing Act, in November 2020, NAR launched Fairhaven, a new fair housing simulation training for Realtors® that uses the power of storytelling to help members identify, prevent, and address discriminatory practices in real estate. Inspired by real stories, this innovative online experience has agents work against the clock to sell homes in the fictional town of Fairhaven, while confronting discrimination in the home buying process. Learners can walk in the shoes of a homebuyer facing discrimination. The training provides customized feedback that learners can apply to daily business interactions. The Fairhaven training will be updated to meet the new training requirements as mentioned above. For more information on this innovative training, visit fairhaven.realtor. 4
NAR BIAS OVERRIDE: OVERCOMING BARRIERS TO FAIR HOUSING
Providing effective education and training on DEI topics for real estate professionals is essential for positive change, and education provides the building blocks for fostering a more inclusive industry. NAR Bias Override: Overcoming Barriers to Fair Housing is a NAR certification course that helps real estate professionals interrupt stereotypical thinking so they can avoid fair housing pitfalls and provide equal professional service to every customer. Participants learn about the mind science of identity, study how implicit bias can result in fair housing violations and engage in interactive exercises to enhance communication skills and business relationships with clients of all backgrounds. For more information on this class, visit www.nar.realtor/fair-housing/biasoverride-overcoming-barriers-to-fair-housing 4
AT HOME WITH DIVERSITY (AHWD)
Another great resource to aid in your diversity education is the At Home With Diversity (AHWD) offered by NAR and RASM. The coursework for the At Home with Diversity® certification is designed to enable you to work successfully with a rapidly changing multicultural market. It will help you to learn diversity sensitivity, how it applies to U.S. fair housing laws in your business, and ways to develop professional guidelines for working with people in the increasingly multicultural real estate market. For more information on the AHWD course, visit www.nar.realtor/education/designations-andcertifications/at-home-with-diversity-ahwd.
DEI TASK FORCE AT RASM
In addition to the many benefits of education, RASM is launching a DEI Task Force to address these critical discrimination issues, share different experiences and perspectives, and connect with underrepresented populations and markets.
“We are very excited about the upcoming Task Force,” said Tresidder. “The Sarasota and Manatee region is such a diverse area. We have many different nationalities, cultures, and backgrounds represented in a relatively tight community. If we’re not making active efforts to involve and include everyone, then the Association has a very narrow appeal and a narrow impact on the community. It is our goal to greatly expand our reach. This task force will focus on the principles of inclusion that matter to the Association. RASM fully embraces perspectives from all walks of life. We want to make people feel comfortable and included, and that is one of the goals of the task force, to make certain that everyone is treated fairly and given the same opportunities and to be sensitive and aware of meeting the needs of all members.”
RASM is currently looking for members who are passionate about and want to help lead the initiatives needed to support Diversity, Equity, and Inclusion in real estate. If these are areas that you are likewise passionate about, RASM encourages you to submit your name for possible appointment to our Task Force. For more information and to sign up, visit https://www. myrasm.com/dei.
Integrating DEI principles into real estate practices helps promote fairness, equal opportunities, and inclusivity for all individuals, regardless of their background or identity. And promoting diversity and representation in the real estate industry is crucial. However, it is a big undertaking that will require participation from all our members. So, whether you are considering joining the task force, taking one of many educational offerings, or simply joining a committee to share your experiences, we applaud your efforts in making RASM a better place. In addition, if you or someone you know is hesitant about getting involved, know this, you will always be welcomed and find a home at RASM. •
Sources:
1 | www.nar.realtor/about-nar/governing-documents/the-code-of-ethics
2 | www.hud.gov/fairhousing
3 | www.nar.realtor/diversity/diversity-equity-inclusion-resources
4 | www.nar.realtor/fair-housing/fairhaven
5 | www.nar.realtor/fair-housing/bias-override-overcoming-barriers-to-fairhousing
8 | ELEVATE [ JULY 2023 ]
Buffalo Lodging
By: Ashlyn McCarty, Sarasota Area Director of Sales
As a new Business Partner, I am excited to be a part of RASM! I have been with Buffalo Lodging for over 11 years, and I currently serve as the Sarasota Area Director of Sales.
As a USF Sarasota Manatee graduate and a current board member of the Lakewood Ranch Business Alliance, I am deeply invested and passionate about our community.
Buffalo Lodging currently owns and operates about 50 hotels in 7 different states, with plans to add more here in the Sarasota and Manatee area.
Here locally, we have the Homewood Suites by Hilton Sarasota/Lakewood Ranch, Courtyard by Marriott Sarasota/Lakewood Ranch, Hampton Inn & Suites by Hilton Sarasota/Lakewood Ranch, and Hampton Inn by Hilton Ellenton/Bradenton.
Buffalo Lodging is committed to providing bestin-class hospitality and operational excellence. With three hotels in UTC Sarasota and one near the rapidly growing Parrish area, perspective residents are in the perfect location to search for their forever home. Moreover, RASM members and their clients will receive 20% off their stay when they mention the Realtor® Rate.
I am always available via email at amccarty@ buffalolodging.com and happy to send you more information with booking links to share with your clients. I love being a resource for hotel guests by sharing my knowledge of the area and excitement about the promising future of our community. •
BUSINESS
SPOTLIGHT
PARTNER
myRASM.com | 9
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Effective 05/10/23, up to 5% Real Estate Agent Commission stated above will be available on select active-adult move-in ready homes in the Prosperity Lakes community if buyer signs and delivers a purchase agreement between 05/10/23 and 08/31/23 and closes and fully funds on or before the date specified in the purchase e agreement. Offer good for a limited time only. No commission/bonus will be paid when agent/broker is acting as a principal/buyer. Not valid if prospect has previously registered with Lennar or Lennar.com, whether individually or with a broker. Agent/ broker will receive the commission/bonus within 2 weeks after buyer closes on the Lennar home. To qualify for any applicable referral bonus/incentive, registration must occur on the first visit and broker/agent must otherwise comply with Lennar’s Broker Participation Policy. Offer valid only in states where referrals are permitted. Prosperity Lakes Active Adult Collection: Age restrictions apply to the occupants/owners in this community as permitted under the Fair Housing Act. This means for some communities that a designated percentage of the homes in the community must be occupied by at least one person 55 years or older (80% or 100%, depending on the community). There may also be minimum age requirements for other residents in the home, and/or a certain number of younger residents permitted in the community. These communities publish and adhere to policies and procedures that demonstrate the intent to operate as age 55 or older housing, and comply with HUD's rules for age verification of residents. In other communities, all residents must be age 62 years or older (with limited exceptions). You are encouraged to review community documents and disclosures for applicable restrictions before purchasing. Please consult with a Lennar New Home Consultant regarding any questions regarding this community’s age policies. Features, amenities, floor plans, elevations, and designs vary and are subject to changes or substitution without notice. Items shown may contain options that are not standard on all models or not included in the purchase price. Availability may vary. Please see your New Home Consultant and/or home purchase agreement for actual features designated as an
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without notice. Prices do not include closing costs and other fees to be paid by buyer (including a builder fee, if applicable, as described in the purchase agreement) and are subject to change without notice. This is not an offer in states where prior registration is required. Void where prohibited by law. Copyright © 2023 Lennar Corporation. Lennar, the Lennar logo, Everything’s Included and the Everything’s Included logo are U.S. registered service marks or service marks of Lennar Corporation and/or its subsidiaries. Seller’s Broker: Lennar Realty, Inc. Construction License(s): CGC1518166. Date 06/23 855-325-0817 13627 Sunset Sapphire Ct, Parrish, FL 34219 Enjoy up to a 5% broker commission on select Active Adult homes in the Prosperity Lakes community when your client signs a purchase agreement between 05/10/23 and 08/31/23 and closes per the date specified in the purchase agreement * EARN UP TO 5% BROKER COMMISSION ON ACTIVE ADULT HOMES* Prosperity Lakes Traditional from Low $300s Active Adult - From the $300s Scan Here To Learn More Future Amenities Include: Clubhouse · Fitness Center · Pool & Cabana · Pickleball Courts · Social Events & Game Rooms
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Appraisal Fee as Percentage of Valuations
Realtor® A was approached by Client B who engaged him to make an appraisal of an apartment building located in a proposed public redevelopment area. Client B explained that he had recently inherited the property and recognized that it was in a neglected condition. Client B also explained that he wanted the appraisal performed in order to have a definite idea of the property’s value before discussing its possible sale with negotiators for the redevelopment project. Realtor® A and Client B entered into a contractual relationship whereby Realtor® A promised to perform the appraisal of Client B’s property. Client B, at Realtor® A’s suggestion, agreed to compensate Realtor® A for his appraisal services based on a percentage of the amount of the appraised value to be determined.
Several months later, Client B complained to the Board of REALTORS® against Realtor® A, specifying that he had been overcharged for the appraisal. Client B explained that the appraisal fee he had agreed upon with Realtor® A was based on a percentage of the valuation shown in the appraisal report. Client B’s letter to the Board stated that his attempt to negotiate with the redevelopment agency on the basis of Realtor® A’s appraisal had broken down and that the redevelopment agency had gone into court, under
eminent domain proceedings, and that the award made by the court was approximately one-fourth of the amount of Realtor® A’s appraisal. Client B contended that by making his valuation so unrealistically high, Realtor® A had grossly overcharged him. He added that the experience had been embarrassing to him, since in his attempts to negotiate with the redevelopment agency it had not been his intention to seek an unreasonably high price. By relying on Realtor® A’s appraisal, he had been placed in a position of seeming to have sought an excessive price for his apartment building. Client B said that it was his opinion that Realtor® A had overvalued the property to obtain a higher fee.
Client B’s complaint was considered by the Board’s Grievance Committee which, upon review, referred it to the Board’s Professional Standards Administrator to be scheduled for a hearing before a Hearing Panel of the Board’s Professional Standards Committee. The appropriate notices were sent out and a hearing was scheduled.
At the hearing, Realtor® A defended his actions stating that he was unaware of any prohibition in the Code of Ethics prohibiting a Realtor® from charging a percentage of the valuation of a property as an appraisal fee. Realtor® A stated that the client had freely agreed to the arrangement; that he felt that his appraisal was a fair one; and that he was not shaken in this view by the award made by the court since he felt that the court’s award was unreasonably low.
After considering all of the evidence submitted by both parties, the Hearing Panel did not accept Realtor® A’s argument that he was unaware of the Code’s prohibition of charging an appraisal fee contingent upon the value as determined by the appraisal. The panel concluded that Realtor® A, by basing his fee on the amount of valuation, had violated Article 1 of the Code of Ethics as interpreted by Standard of Practice 1-14. •
PROFESSIONAL STANDARDS
Published with the consent of the NATIONAL ASSOCIATION OF REALTORS®. Copyright NATIONAL ASSOCIATION OF REALTORS®-All Rights Reserved.
12 | ELEVATE [ JULY 2023 ]
By: National Association of REALTORS® Interpretations of the Code of Ethics Agreement Case 1-27: (Originally Case #11-7. Revised November, 2001. Transferred to Article 1 November, 2001.)
A Wildly Successful Launch
Wild Blue at Waterside by Stock Development has dazzled homeowners with its spectacular location in Lakewood Ranch, incredible lifestyle amenities, and luxury single-family homes from 2,300 to over 4,000 square feet, built by some of the area’s finest luxury homebuilders.
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The launch of Phase I in this new waterfront community has been a tremendous success. Visit our sales center today and introduce your clients to the most anticipated new community in Lakewood Ranch, and learn more about the upcoming release of Phase II.
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presented by
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DEVELOPER
BUYER
LESSEE.
RENDERINGS AND PLANS ARE PROPOSED CONCEPTS SHOWN ONLY FOR MARKETING PURPOSES AND ARE BASED ON THE DEVELOPER’S CURRENT PRELIMINARY DEVELOPMENT PLAN. DEVELOPER RESERVES THE RIGHT TO MODIFY, REVISE OR WITHDRAW THE PROPOSED DEVELOPMENT PLAN IN DEVELOPER’S SOLE DISCRETION WITHOUT NOTICE. NOTHING HEREIN OR IN ANY OTHER COMMUNICATION SHALL BE DEEMED TO OBLIGATE THE DEVELOPER, OR ANY AFFILIATE OF DEVELOPER, TO CONSTRUCT THE PROJECT OR OFFER ANY OF THE PROJECT FOR SALE, AND NOTHING HEREIN SHALL BE DEEMED A GUARANTY OF ANY KIND. THIS IS NOT AN OFFER TO SALE OR SOLICITATION OF OFFERS TO BUY. PRICES SUBJECT TO CHANGE WITHOUT NOTICE.
homes by: ANCHOR
WETHERINGTON HOMES • STOCK LUXURY
STOCK CUSTOM HOMES
BROKER PARTICIPATION WELCOMED. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS REFERENCE SHOULD BE MADE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A
TO A
OR
ALL
Featuring
BUILDERS
LEE
HOMES •
When Writing Can Go Wrong: A Recent Reminder on the Requirements of Florida’s Statute of Frauds
By: Matthew J. Kelly, Esq., Essenson Law Firm
Every purchase and sale of real estate begins with an agreement on the terms of sale. The question then is: at what point do you have an enforceable agreement?
Under Florida law, any agreement must contain basic elements to constitute a valid and enforceable contract. These generally include: 1) an offer; 2) an acceptance that mirrors the offer; 3) valid consideration; and 4) a sufficient specification of essential terms (in other words, the agreement must reflect a mutuality of obligation based upon a common intention.) Unlike certain other kinds of contracts that may not necessarily need to be in writing to be enforceable, in Florida all contracts concerning the sale of real estate must be in writing and signed – due to the Statute of Frauds.
THE STATUTE OF FRAUDS
Under Florida Statutes section 725.01, commonly known as the Statute of Frauds, “no action shall be brought... upon any contract for the sale of lands... unless the agreement or promise upon which such action shall be brought, or some note, or memorandum thereof shall be in writing and signed by the party to be charged therewith...” In other words, for an agreement concerning the sale of real estate to be enforceable in Florida, there must be a signed contract underlying the sale or, at the very least, some signed document or memorandum reflecting the essential terms of the sale; even unsigned documents or writings are insufficient.
This reality was recently exhibited in the case of Walsh v. Abate, 336 So. 3d 50 (Fla. 4th DCA 2022). In the Walsh case, a real estate agent emailed an offer executed by the prospective buyer to purchase a home for $3.1 million on the FR/BAR Contract. Id. at 52. The sellers’ agent replied via email that the sellers would only accept $3.4 million. Id. The buyer’s agent then responded via email that the buyer agreed to the price of $3.4 million with all other terms remaining the same. Id. The sellers’ agent confirmed via text
message that the sellers “accept the $3.4 million.” Id. The buyer’s agent texted back, “perfect and confirmed. Thank you!” Several days later, the sellers’ agent again emailed the buyer’s agent, stating: “Please let the buyer know that the seller thanks him for his patience and accepts $3.4 million.” Id. Thereafter, an attorney for the sellers emailed the buyer to inform him that the “Seller accepted a different offer.” Id.
The prospective buyer commenced a lawsuit against the sellers seeking specific performance, alleging that a binding contract existed between the parties by virtue of the emails and text messages exchanged between the agents for the parties. The trial court dismissed the case, which was affirmed on appeal. In its opinion, the Fourth District Court of Appeal explained that dismissal of the case was appropriate because there was no written agreement signed by the parties as required by the Statute of Frauds, but only “unsigned text messages and emails exchanged between the buyer’s and sellers’ agents.” Id. The Court also pointed out that the FR/BAR contract itself contemplates countersignature of the contract (or a counteroffer initialed and signed by both parties) to be enforceable by virtue of the effective date being defined as “the date when the last one of the Buyer and Seller has signed or initialed and delivered this offer or final counter-offer.” Id.
What this means in practice is that no matter what may be said or communicated in negotiation, even in the form of written communications, an agreement for the purchase and sale of real estate has not been reached until there is a signed contract. If you do not have this, you likely do not have an enforceable contract for the sale of real estate in Florida. •
REALTOR® ATTORNEY JOINT COMMITTEE
This article is meant for educational purposes only. It is not intended to serve as legal advice and should not be used as a substitute for consultation with an attorney.
14 | ELEVATE [ JULY 2023 ]
RASM REALTORS ® Charitable Foundation Announces Opening of Grant Application for Housing-Related Nonprofits
By: Gina McCarthy, RASM Vice President of Communications and Engagement
The RASM REALTORS® Charitable Foundation (RRCF), the philanthropic branch of the REALTOR® Association of Sarasota and Manatee (RASM), is pleased to announce the opening of a grant application process for local housing-related non-profit organizations.
A LONGSTANDING COMMITMENT
The RRCF has a longstanding commitment to supporting the community and the valuable work carried out by local housing-related non-profits in the two-county region. In previous years, the RRCF and RASM have contributed to organizations selected as beneficiaries of fundraising events. This year marks the introduction of a formal grant application to extend support to more organizations and projects
“As housing experts, it’s a natural fit for us to support non-profit organizations that create homeownership opportunities and help bring stability into the lives of those in need,” said Tony Veldkamp,
2023 President of the RASM REALTORS® Charitable Foundation. “We invite eligible non-profits to submit their grant applications and share their inspiring work with us. Together, we can make a meaningful difference in lives of those in need of safe and affordable housing.”
The RRCF grants are intended to assist local 501(c) (3) charitable organizations whose missions align with real estate-related causes, such as affordable housing, combating homelessness, and providing emergency shelter. Grants will be awarded in amounts ranging from $500 to $5,000.
In addition to the potential grant funding, eligible organizations that meet the criteria will also be considered as potential benefactors for future RRCF fundraisers. Non-profits not currently approved as beneficiaries are encouraged to complete the first part of the grant application to be considered for inclusion on the list of approved beneficiaries.
The grant applications and additional guidelines are available at www.myrasm.com/grants. Completed applications must be submitted by July 14, with approved funds set to be disbursed in September.
For more information on the grant application process, please visit www.myrasm.com/grants or contact Gina McCarthy at (941) 952-3405 or gina@ myrasm.com •
RASM REALTORS® CHARITABLE FOUNDATION
(RRCF)
myRASM.com | 15
Get Down To Business
2023
SEPT 21
8:30 AM - 5 PM THE WESTIN
The RASM Conference & Expo is a one-day event packed with valuable sessions that will help you “get down to business” and achieve success in the competitive real estate market.
Sharpen your skills and expand your network with multiple sessions led by industry experts. Whether you’re a seasoned agent or just starting out, the RASM Conference & Expo is the perfect opportunity to learn, network, and grow your business.
$125 REGULAR ADMISSION REALTORS® Only
••
Get DownTo Business
2023 RASM CONFERENCE & EXPO
BROKER PANEL BREAKFAST OF CHAMPIONS
STATE OF THE MARKET
PLUS BREAKOUT SESSIONS with topics related to the International, Rental, and Luxury Markets.
BUSINESS PARTNER EXPO
STATE OF THE ASSOCIATION UPDATE
KEYNOTE SPEAKER
the QR code for registration and sponsorship information.
Scan
DUFF RUBIN
PETER CROWLEY
DARCIE DUNCAN
BUDGE HUSKEY
ROBERT MILLIGAN MODERATOR DRAYTON SAUNDERS
DR. BRAD O’CONNOR
RICKY CARRUTH
RPAC “I Pledge” Campaign, Major Investors, & Health Insurance Reform
By: Max Brandow, RASM Vice President of Advocacy and Member Programs
It’s summertime in Florida, so we know the mercury is quickly rising, and likewise, RASM’s advocacy efforts are hotter than ever!
RPAC “I PLEDGE” CAMPAIGN & MAJOR INVESTOR PLEDGE PARTY
RASM has recently kicked off RPAC’s “I Pledge” campaign for Major Investors. RASM will be hosting an exclusive Major Investor reception for 2022 Major Investors and 2023 Major Investor Pledges on Monday, October 2 at Sarasota Waterworks with special guest Tim Weisheyer. Mr. Weisheyer is the 2025 Florida REALTORS® President, an RPAC Major Investor, and a leader in the REALTOR® world. Make sure to pledge today at myrasm.com/major-investor-pledge and secure your spot in this event! RASM’s RPAC Major Investors are an elite and passionate group of Realtors® whose investments shape the political future of the real estate industry. By becoming a Major Investor, you are investing a minimum of $1,000 into RPAC. Pledge to invest in your profession!
GREAT OPPORTUNITIES TO COMPLETE RPAC INVESTMENT
RASM VIRTUAL AUCTION
RASM Major Investors and Major Investor Pledges have multiple opportunities over the next few months to complete their RPAC investments while bidding on some great items. This month, RASM will be holding our annual RASM RPAC American Dream Auction from July 3 - 7. There will be numerous buy-it-now options as well as all your summer essentials. The link for registration and the auction is www.rasmauction/ givesmart.com
FLORIDA REALTORS® AUCTION
In August, the largest RPAC auction of the year takes place during the 2023 Florida REALTORS® annual convention. This auction always has hundreds and hundreds of items, and there are great deals to be had. The 2023 Florida REALTORS® Convention Auction will take place from August 14 - 18. The link for registration and the auction is www.FRPAC.
givesmart.com.
ASSOCIATION HEALTH PLANS BILL ADVANCES IN WASHINGTON
As independent contractors, access to health insurance is always a hot topic in our industry. The National Association of REALTORS® has fought for important reforms to the insurance landscape to allow independent contractors like our Realtor® members to be able to access health insurance. Last month, the House Education and Workforce Committee approved an NAR-supported Association Health Plan bill (AHP Act – H.R. 2868). This plan would allow our members to group together with other self-employed professionals and small businesses to gain access to large group plans which offer higher quality and more affordable coverage than the Affordable Care Act plans.
This bill will go to the full House of Representatives later this year and will be voted on with other healthcare measures as part of the larger omnibus package. •
GOVERNMENT
AFFAIRS
18 | ELEVATE [ JULY 2023 ]
Sarasota-Manatee Housing Market Begins to Stabilize, but Remains a Seller’s Market
By: Gina McCarthy, RASM Vice President of Communications and Engagement
espite the persistence of higher home prices and interest rates, buyer demand is still present in the Sarasota and Manatee housing market. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), May 2023 showed an ongoing rise in the month’s supply of inventory accompanied by an increase in the time it took properties to go under contract.
Realtors® in the North Port-Sarasota-Bradenton MSA participated in 2,422 sales in May (combined for single-family homes and condos), a 1.8 percent decrease from the same month last year. In Manatee County, closed sales increased from last year for both property types, while Sarasota County sales decreased from May 2022.
Single-family closed sales in Manatee increased year-over-year by 17.2 percent to 803 sales, the largest number of Manatee closed sales reported in one month since June of 2021. For Manatee condos, closed sales increased by five percent to 356 sales. In Sarasota County, single-family closed sales decreased year-overyear by 9.7 percent to 822 sales while condo sales decreased by 17.1 percent to 441 sales.
Pending sales, or the number of homes that went under contract last month, decreased across all markets except for single-family homes in Manatee County. For single-family homes, pending sales increased year-over-year by 17.1 percent in Manatee County, but decreased by 18.1 percent in Sarasota. In the condo market, pending sales decreased by 7.1 percent in Manatee and by 13.3 percent in Sarasota.
“In the ever-changing real estate landscape of Sarasota and Manatee, we are seeing a balance between slight upward and downward trends across most of the metrics we measure, leading to what many would call a stable market,” said Brian Tresidder, 2023 RASM President and Strategic Growth & Sales Manager at Willian Raveis Real Estate. “Manatee County’s singlefamily homes witnessed their highest number of closed sales in one month since June of 2021, which shows us that with high home values and higher interest rates, there is still buyer demand in our area.”
DMedian prices in the North Port-Sarasota-Bradenton MSA experienced a decline for single-family homes while condo prices increased slightly from the previous month and from the previous year. Condo prices increased by 3.4 percent to $382,645 in Manatee County and by 0.5 percent to $405,000 in Sarasota County. For single-family homes, the median price in Manatee decreased by 6.4 percent to $515,000 while the price in Sarasota increased by three percent to $510,000.
The month’s supply of inventory continues to increase across the two counties this month. In Manatee County, single-family home supply increased by 125 percent to a 2.7-month supply and condo supply increased by 240 percent to a 3.4-month supply. In Sarasota County, there was a 3-month supply for singlefamily homes and a 3.5-month supply for condos, a year-over-year increase of 150 percent and 250 percent respectively.
“As the month’s supply of housing inventory still hovers around three months, we remain firmly in a seller’s market,” said Tresidder. “We saw a noteworthy decline in the number of new listings in May of 2023 compared to May of 2022, which will slow the trend of moving toward a more balanced market.”
At the end of the month, there were 5,195 active listings combined for both property types in the North Port-Sarasota-Bradenton MSA, a 103.3 percent increase from the same time last year and a 1.1 percent decrease when compared to last month. Broken down for each property type, there were 3,348 active listings reported for single-family homes and 1,847 listings reported in the condo market at the end of May.
The median number of days from listing date to contract date increased year-over-year and month-overmonth in May. Manatee County single-family homes went under contract within a median of 32 days, a year-over-year increase of 433.3 percent. For Manatee condos, the median time to contract was 37 days in May, a 516.7 percent increase from the same month last year. In Sarasota, the median time to contract for single-family homes increased by 316.7 percent to 25 days and condos increased by 440 percent to 27 days.
Monthly reports are provided by Florida REALTORS® with data compiled from Stellar MLS. For comprehensive statistics dating back to 2005, visit www.MyRASM.com/statistics •
MARKET ANALYSIS
myRASM.com | 19
Monthly Market Summary - May 2023
Single-Family Homes
Sarasota County
Closed Sales Paid in Cash Median Sale Price Average Sale Price Dollar Volume Med. Pct. of Orig. List Price Received Median Time to Contract Median Time to Sale New Pending Sales New Listings Pending Inventory Inventory (Active Listings) 67 Days 1,824 1,038 43 Days 55.8% 75.7% 665 812 -18.1% 813 1,111 -26.8% May 2023 May 2022 Percent Change Year-over-Year 822 910 -9.7% 374 466 -19.7% $510,000 $495,000 3.0% $699,344 $686,846 1.8% $574.9 Million $625.0 Million -8.0% 96.2% 100.0% -3.8% 25 Days 6 Days 316.7% Months Supply of Inventory 3.0 1.2 150.0% 1,179 1,231 -4.2% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Inventory J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 2019 2020 2021 2022 $0K $100K $200K $300K $400K $500K $600K Median Sale Price 0 200 400 600 800 1,000 1,200 1,400 Closed Sales
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2019 2020 2021 2022 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 20 | ELEVATE [ JULY 2023 ]
Monthly Market Summary - May 2023
Single-Family Homes
Manatee County
Closed Sales Paid in Cash Median Sale Price Average Sale Price Dollar Volume Med. Pct. of Orig. List Price Received Median Time to Contract Median Time to Sale New Pending Sales New Listings Pending Inventory Inventory (Active Listings) 80 Days 1,524 826 47 Days 70.2% 84.5% 693 592 17.1% 774 922 -16.1% May 2023 May 2022 Percent Change Year-over-Year 803 685 17.2% 249 272 -8.5% $515,000 $550,000 -6.4% $686,015 $715,504 -4.1% $550.9 Million $490.1 Million 12.4% 95.7% 100.0% -4.3% 32 Days 6 Days 433.3% Months Supply of Inventory 2.7 1.2 125.0% 1,278 970 31.8% 0 500 1,000 1,500 2,000 2,500 3,000 Inventory J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 2019 2020 2021 2022 $0K $100K $200K $300K $400K $500K $600K Median Sale Price 0 200 400 600 800 1,000 Closed Sales
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2019 2020 2021 2022 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M myRASM.com | 21
Monthly Market Summary - May 2023
Townhouses and Condos
Sarasota County
Closed Sales Paid in Cash Median Sale Price Average Sale Price Dollar Volume Med. Pct. of Orig. List Price Received Median Time to Contract Median Time to Sale New Pending Sales New Listings Pending Inventory Inventory (Active Listings) 75 Days 1,073 414 44 Days 70.5% 159.2% 333 384 -13.3% 384 479 -19.8% May 2023 May 2022 Percent Change Year-over-Year 441 532 -17.1% 301 363 -17.1% $405,000 $403,000 0.5% $581,564 $578,037 0.6% $256.5 Million $307.5 Million -16.6% 95.8% 100.0% -4.2% 27 Days 5 Days 440.0% Months Supply of Inventory 3.5 1.0 250.0% 707 675 4.7% 0 500 1,000 1,500 2,000 2,500 Inventory J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 2019 2020 2021 2022 $0K $100K $200K $300K $400K $500K Median Sale Price 0 100 200 300 400 500 600 700 800 Closed Sales
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2019 2020 2021 2022 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 22 | ELEVATE [ JULY 2023 ]
Monthly Market Summary - May 2023
Manatee County
Closed Sales Paid in Cash Median Sale Price Average Sale Price Dollar Volume Med. Pct. of Orig. List Price Received Median Time to Contract Median Time to Sale New Pending Sales New Listings Pending Inventory Inventory (Active Listings) 87 Days 774 278 43 Days 102.3% 178.4% 273 294 -7.1% 337 351 -4.0% May 2023 May 2022 Percent Change Year-over-Year 356 339 5.0% 192 198 -3.0% $382,645 $369,900 3.4% $606,255 $441,674 37.3% $215.8 Million $149.7 Million 44.1% 94.9% 100.0% -5.1% 37 Days 6 Days 516.7% Months Supply of Inventory 3.4 1.0 240.0% 452 415 8.9% 0 200 400 600 800 1,000 1,200 Inventory J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 2019 2020 2021 2022 $0K $100K $200K $300K $400K $500K Median Sale Price 0 100 200 300 400 500 600 Closed Sales
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2019 2020 2021 2022 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M myRASM.com | 23
Townhouses and Condos
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Global Times at NAR’s 2023 Legislative Sessions in Washington, DC.
By: Samira Easton, Broker Associate, Premier Sotheby’s International Realty
The NAR 2023 REALTORS®
Legislative Meetings, which took place May 6 – 11, 2023, in Washington, DC, provided the venue for Realtors®, lawmakers, and industry leaders to have critical policy conversations. It was also an opportunity for participants to meet and discuss what’s happening in the NAR global world.
CIPS ADVISORY BOARD
The CIPS Advisory Board Meeting was held on May 7, which included a great kickoff meeting with an overview of the CIPS program. There are currently 4,000 CIPS designees; of those designees, 940 are international, and 140 are members of RASM. New CIPS designees amounted to 295, with 75 of those being international. 87 CIPS courses were taught last year, with 24 of the courses being overseas. 27 NAR Partners are currently licensed to provide CIPS courses overseas. For the first time, NAR will be awarding a CIPS Excellence Award to nominated CIPS designees, including Association staff and certified CIPS Instructors. Nominations will open in June. Join the 140 esteemed RASM members who have already obtained the prestigious CIPS designation.
NAR GLOBAL ALLIANCES ADVISORY BOARD
The NAR Global Alliances Advisory Board was held on May 7. This meeting began with an important regional update from the five NAR Regional Coordinators who discussed events and happenings in their regions: Alina Aeby (Eastern Europe, Middle East, and Africa), Ileana Bogaert (South America), Mark Kitabashi (Asia/Pacific), David McCoy (North/Central America and the Caribbean) and Hanne Sagalowsky (Western Europe). The C5+CCIM Global Summit will take place in Atlanta, Georgia, September 28-30, 2023. Registration is now open at www. C5summit.realestate
NAR GLOBAL BUSINESS AND ALLIANCES COMMITTEE
The NAR Global Business and Alliances Committee was held on May 8 and discussed the various initiatives of NAR Global this year, with the primary being the establishment of a REALTOR® Assistance Program for Ukraine through a charitable foundation. Dr. Freda Pempe also discussed Ghana as a Case Study for the Potential for Real Estate Opportunities in the African Continent, a discussion that was very well received.
NAR GLOBAL BUSINESS COUNCILS FORUM
The NAR Global Business Councils Forum was held on May 9. This is an important meeting for Association Staff and Global Business Councils to attend as NAR discusses the resources and the opportunities available so that Global Business Councils may flourish and obtain recognition with NAR’s Global Achievement Program. Andrea Clements, the Canadian Embassy MinisterCounselor, gave a speech titled “A Conversation with the Canadian Embassy” to help us better understand the current real estate situation in Canada, especially with regard to the recent ban on foreigners purchasing property in Canada to help alleviate the housing shortage for Canadian citizens. NAR is now offering FREE .realtor websites to Realtors® (free for the 1st year, then $39.95 thereafter) to help Realtors® build their brand and presence by connecting to the REALTOR® brand.
CIPS NETWORKING RECEPTION
Last but not least, the CIPS Networking Reception was held on May 8 at the Washington, DC Convention Center and gave new and old CIPS Designees the opportunity to connect and socialize. A fabulous time for our NAR Global Family! •
GLOBAL BUSINESS COUNCIL
myRASM.com | 25
Young Professionals Network (YPN) at a Local, State, and National Level
By: 2023 RASM YPN Committee
NA R’s Young Professionals Network (YPN) was founded in 2007 and today, more than 20,000 REALTORS® call themselves “YPN.” In addition to this national network, nearly 400 state and local REALTOR® associations now have their own Young Professionals Network, including the REALTOR® Association of Sarasota and Manatee (RASM).
The Young Professionals Network is a dynamic entry point for real estate professionals striving to become more successful in their careers and gain leadership experience. By providing this entry point, NAR is building a new, diverse generation of leaders, strengthening members’ affinity for the Realtor® brand early in their career, and gaining a valuable perspective on generational shifts. YPN’s growth has been driven by Realtors® and has evolved into a determined, passionate, savvy group of members who are committed to strengthening the Realtor® brand.
RASM YPN
RASM’s Young Professionals Network was founded in 2014 and is made up of over 500 RASM Realtors® and Business Partners. The shared mission of YPN is to help young real estate professionals excel in their careers by giving them the tools and encouragement to become involved in four core areas:
1 | REALTOR® Associations
2 | Real Estate Industry
3 | Peers
4 | Community
There are many ways to get involved with the network and the best part - it’s free to join! RASM YPN hosts “Trolley Tours” every other month that tour different properties in communities throughout Sarasota and Manatee counties. They also host three “Lunch & Learn” events a year, bringing in guest speakers who will discuss topics that are relevant and valuable to young professionals today. In addition, there is one fundraising event a year, coordinated by the YPN committee, that brings a fun theme to help raise money for local housing-related charities.
GET INVOLVED
Did you know that you can get involved with YPN at a local, state, and national level? In addition to joining RASM’s local YPN network, you can also join the Florida REALTORS® Young Professional Network and help build community with one another and with the larger network of Florida members. Looking to reach further? Join the National Young Professionals Network and tap into the dynamic YPN community. NAR’s National YPN is led by an Advisory Board of leaders committed to advancing the YPN mission and bringing a fresh voice to the industry. The opportunities are endless and are waiting for you! For more information, visit myrasm.com/ypn, floridarealtors.org/ypn, and ypn.realtor •
Sources:
5 | https://www.floridarealtors.org/membership/specialties/YPN
6 | https://ypn.realtor/
YOUNG PROFESSIONALS NETWORK
26 | ELEVATE [ JULY 2023 ]
Whitfield Estates – Sarasota’s Original Golf Community
By: Justin Benz, Realtor®, eXp Realty
hitfield Estates is sometimes known as Sarasota’s first golfing community, but since the infamous Donald Ross designed Sara Bay Country Club in the 1920s, there have been many changes! The private golf club itself is thriving and maintains a waitlist to join. But who cares about the golf course if you’re not a golfer? Well, the 4,500+ residents of Whitfield Estates have the ability to pay the optional $30 per year HOA fee, which actually gives them a culinary membership to the exclusive club.
Located on the north edge of Sarasota Airport, Whitfield Estates is in Manatee County, but all the homes maintain a Sarasota address. Tamiami Trail (US 41) runs right through Whitfield Estates and is just one of the locations you can spot the iconic neighborhood pillars that mark where the community starts and ends.
WIn general, the homes, which are a mix of SpanishMediterranean and Florida ranch styles, have an average value of approximately $500k. The Whitfield Estates homes, which are “west of the trail,” have higher prices, and some have water views or water access to Sarasota Bay. Like much of Sarasota, home values have skyrocketed in recent years, basically doubling since 2017. Part of that growth in price is driven by investors who operate short-term, Airbnbstyle rentals in the neighborhood.
Many residents find the 5-minute Uber to the airport, 5-minute drive to multiple colleges and universities, 12-minute drive to downtown Sarasota, or just 20 minutes to the crystal white sands of Lido Key Beach as attractive features of living in Whitfield Estates. If you’re looking for great value on the north end of Sarasota, look no further than Whitfield Estates!
• NEIGHBORHOOD SPOTLIGHT
myRASM.com | 27
Navigating the Florida REALTORS ® Convention & Trade Expo: A
First-Time Attendee’s Guide
By: Lily Lopez, Realtor®, Coldwell Banker Realty, and Cassie Yeager, Realtor®, Micahael Saunders & Co.
If you’re planning to attend the Florida REALTORS® Convention & Trade Expo in August, you’re in for a real treat. This event is the largest gathering of real estate professionals in the state, and it offers a wealth of opportunities to network, learn, and grow as a Realtor®. To make the most of your experience, here are some tips and tricks to keep in mind.
GO PREPARED
When attending the Florida REALTORS® Convention & Trade Expo, it is crucial to keep yourself fueled throughout the day. Although the Convention may offer refreshments at certain times, you will often find yourself engaged in conversations or attending back-to-back sessions, leaving little time for proper meals. Packing a variety of healthy snacks and lots of water can be a lifesaver. Consider items like granola bars, nuts, fruit, or protein-packed snacks.
Attending the Convention entails covering significant ground as you navigate through expos, breakout sessions, classes and networking areas. You’ll be doing a lot of walking, so it’s important to have shoes that won’t leave your feet sore at the end of the day. A backpack or tote bag is also essential for carrying around all the swag you’ll pick up at the trade show. We highly recommend well-cushioned shoes that provide enough support to walk or stand for long periods without discomfort. Remember, blisters and tired feet can quickly decrease your enthusiasm and hinder your ability to make the most of the event.
WATCH YOUR SCHEDULE
Another thing to avoid is overbooking your schedule. While it’s tempting to try to attend every session and event, it’s important to give yourself time to decompress and process what you’ve learned. It’s better to attend a few key sessions and make meaningful connections than to run yourself ragged trying to do it all. Also, check out the Florida REALTORS® Convention & Trade Expo app for maps, class schedules, updates and more.
NETWORK AND CONNECT
Networking plays a vital role in any convention, and the Florida REALTORS® Convention & Trade Expo is no exception. As a first-time attendee, it is crucial to bring plenty of business cards. You’ll be meeting a lot of people, and you want to make sure you can exchange contact information easily. Handing out business cards establishes a professional connection and makes it easier for others to reach out to you after the event. Make a lasting impression and get those referrals!
Finally, don’t forget to have fun! The Florida REALTORS® Convention & Trade Expo is a great opportunity to connect with your peers, learn from experts in the field, and have a little fun along the way. So take a deep breath, relax, and enjoy the ride!
The 2023 Florida REALTORS® Convention & Trade Expo is scheduled for August 16-17 at the Rosen Shingle Creek in Orlando. Visit https://events. american-tradeshow.com/fl2023 to register. •
PROFESSIONAL DEVELOPMENT COMMITTEE 28 | ELEVATE [ JULY 2023 ]
LIVE LIFE TO THE UNEXPECTED
Modern tropical style rises to meet urban sophistication in the heart of walkable downtown Sarasota. Pairing an intimate collection of luxury tower residences with the curated amenities of a boutique hotel, SOTA delivers serviced simplicity to a stylish new address overlooking the city.
IN THE HEART OF DOWNTOWN
NOW ACCEPTING RESERVATIONS | SCHEDULE YOUR PRIVATE APPOINTMENT TODAY A Limited Collection of 35 Condominium Residences From $1.8M Sales Gallery: 1734 Main St., Sarasota, FL 34236 | 941.541.5739 | TheSota.com Broker participation is welcomed and encouraged. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. This project has been filed in the state of Florida and no other state. This is not an o er to sell or solicitation of o ers to buy the condominium units in states where such o er or solicitation cannot be made. Prices and availability are subject to change at any time without notice.
RASM Team Member Update
RASM happily recognizes the workplace anniversaries of our professional staff.
Jaimie Ponzillo, RASM Professional Development Coordinator, celebrated her one-year anniversary with the Association in June.
As the Professional Development Coordinator, Jaimie assists in the execution of all RASM educational courses and programs that are offered at both RASM South and North locations.
During the past year, Jaimie has enjoyed forming relationships with many of our Realtor® members and Business Partners.
Jaimie moved from New York to Florida nine years ago. The beach is her “happy place,” so she spends as much of her time as possible on the water and relaxing at the beach. She also cherishes time with her children and friends.
RASM is excited to introduce our new team member, Ashleigh Dykes, RASM Member Services Coordinator
Ashleigh joined RASM in April and works at the RASM North Office. As the Member Services Coordinator, she assists in processing applications, contacting new members, overseeing room rentals at both office locations, helping with classes and events at the north office, and more.
Ashleigh is originally from Birmingham, AL, where she received her Certificate in Ministry and Leadership at a local ministry school. She then moved to Bradenton in January 2020 and recently married her husband, Robert, this past November in Blue Ridge, Georgia. She loves her dog and all things Taylor Swift.
While she is still new to the world of RASM, Realtors®, and all things real estate, Ashleigh loves the opportunity to meet and connect with so many people and has learned a great deal already! •
RASM NEWS 30 | ELEVATE [ JULY 2023 ]
RASM Offers CIPS Designation Courses
By: Denise Ricciotti, RASM Professional Development Manager
The REALTOR®
Association of Sarasota and Manatee is offering the Certified International Property Specialist (CIPS) designation starting in July.
This prestigious designation provides Realtors® with the knowledge and skills needed to excel in the global real estate market. By completing the CIPS, Realtors® gain specialized expertise in global real estate practices, cultural considerations, and legal frameworks, which are invaluable when dealing with international buyers and sellers in our diverse and interconnected community.
Additionally, the CIPS designation enhances a Realtor’s® professional credibility and provides access to a global network of real estate professionals, further expanding their opportunities in the local market and beyond. With the increase of international real estate transactions in the Sarasota and Manatee area, the CIPS designation can open doors to new clients, elevate business prospects, and establish Realtors® as trusted experts in the global real estate arena.
UPCOMING CIPS COURSE OPPORTUNITIES
CIPS: Local Market: July 10, 8:30 a.m. - 5:00 p.m., 8 CE HRS., $79, RASM South
CIPS: Transaction Tools: July 11, 8:30 a.m. - 5:00 p.m., 8 CE HRS., $79, RASM South
CIPS: Discovering Asia/Pacific: July 12, 8:30 a.m.5:00 p.m., 8 CE HRS., $79, RASM South
CIPS: Discovering Europe: July 17, 8:30 a.m. - 5: p.m., 8 CE HRS., $79, RASM South
CIPS: Discovering The Americas: July 19, 8:30 a.m.5:00 p.m., 8 CE HRS., $79, RASM South
CIPS: Discovering Africa: August 1, 8:30 a.m.5:00 p.m., 8 CE HRS, $79, RASM North
REALTORS® NEWLY DESIGNATED & CERTIFIED
At Home With Diversity
Andrew Barnard, RE/MAX Alliance Group
Liubov A. Hubbard, Medway Realty
C2EX
Nicholas V. Rapisardi, SimpliHOM
Jesse Rutherford, White Sands Realty Group FL
Cynthia Small, RASM
Christine Walters, Realty By Design LLC
Graduate, REALTOR® Institute (GRI)
John B. Kelly, Keller Williams Realty Select
Noelle Joyan Reynolds, Michael Saunders & Company
Military Relocation Professional (MRP)
Marie R. Avery-Withers, Coldwell Banker Realty
Pricing Strategy Advisor
Devon Figgins, RoseBay International Realty, Inc.
Lisa Marie Zambuto, RE/MAX Alliance Group
Resort & Second Home Property Specialist ( RSPS)
Douglas Figgins, RoseBay International Realty, Inc.
Short Sale & Foreclosure Resource
Goran Kocoski, Coldwell Banker Realty
Senior Real Estate Specialist® (SRES®)
Stacey Carlin, Keller Williams Realty Select
Devon Figgins, RoseBay International Realty, Inc. •
PROFESSIONAL DEVELOPMENT
myRASM.com | 31
JULY 2023 CALENDAR OF EVENTS
THURSDAY, JULY 6
8:45 a.m. YPN Trolley Tour: Wellen Park [ South ]
1:00 p.m. Building Your Business with Social Media [ Online ]
FRIDAY, JULY 7
9:00 a.m. CREA Marketplace [ South ]
MONDAY, JULY 10
8:30 a.m. CIPS Designation: Local Markets [ South & Online ]
TUESDAY, JULY 11
8:30 a.m. CIPS Designation: Transaction Tools [ South & Online ]
9:00 a.m. Business Partner Orientation [ South ]
WEDNESDAY, JULY 12
8:30 a.m. CIPS Designation: Discovering Asia/Pacific [ South & Online ]
THURSDAY, JULY 13
9:15 a.m. Business Partner Membership Meeting [ North ]
2:00 p.m. Repeat Customer & Referral [ North ]
FRIDAY, JULY 14 9:00 a.m. CREA Marketplace [ South ]
SATURDAY, JULY 15
a.m. Volunteer: Clean Up Florida’s Waters [ Siesta Key or Coquina Beach ]
MONDAY, JULY 17 8:30 a.m. CIPS Designation: Discovering Europe [ South & Online ]
TUESDAY, JULY 18
5:00 p.m. After Hours Networking [ Raffurty’s Bar & Grill ]
Let’s Zone Out - Sarasota County [ Zoom ]
WEDNESDAY, JULY 19
CIPS Designation: Discovering The America’s [ South & Online ]
FRIDAY, JULY 21
FRIDAY, AUGUST 4
9:00 a.m. CREA Marketplace [ South ]
SATURDAY, AUGUST 5
11:00 a.m. Volunteer: School Supply Giveaway [ Palmetto Boys & Girls Club ]
WEDNESDAY, AUGUST 9
8:00 a.m. GRI 102 (Day 1 of 2) [ South ]
THURSDAY, AUGUST 10
8:00 a.m. GRI 102 (Day 2 of 2) [ South ]
FRIDAY, AUGUST 11
9:00 a.m. CREA Marketplace [ South ]
TUESDAY, JULY 25
Master Your Market with SunStats [ Online ]
JULY 26
THURSDAY, JULY 27
MONDAY, AUGUST 14
9:00 a.m. Summer Series: ADA and Commercial Real Estate [ South ]
2:00 p.m. How to Sell Tenant Occupied Property [ South ]
FRIDAY, AUGUST 18
9:00 a.m. CREA Marketplace [ South ]
WEDNESDAY, AUGUST 23
8:00 a.m. GRI 103 (Day 1 of 2) [ South ]
FRIDAY, JULY 28
MONDAY, JULY 31 9:00 a.m. Summer Series: Tokenizing Commercial RE Assets [ South ]
a.m. Build Your Business with Customer Service [ South ]
TUESDAY, AUGUST 1 8:30 a.m. CIPS: Discovering Africa [ North ]
6:00 p.m. Laser Light Night w/ RPAC & WCR [ Bishop Planetarium ]
THURSDAY, AUGUST 24
8:00 a.m. GRI 103 (Day 2 of 2) [ South ]
Advanced registration is requested. See event calendar at: myrasm.com/calendar
CALENDAR KEY:
[ South ] 2320 Cattlemen Road, Sarasota, FL 34232
2901
7:30
11:30
a.m.
a.m.
8:30
9:00 a.m. CREA
South ]
9:00 a.m. Intro
[ South ] 1:30 p.m. New Member Orientation [ South ]
Marketplace [
MONDAY, JULY 24
to Contracts
10:00 a.m.
8:00 a.m. GRI 101 (Day 1 of 2) [ South ]
8:00 a.m. GRI 101 (Day 2 of 2) [ South ]
9:00 a.m.
[ South ]
WEDNESDAY,
CREA Marketplace
1:30
at
location
Online ]
is only offered through webinar 32 | ELEVATE [ JULY 2023 ]
[ North ]
Manatee Ave W, Bradenton, FL 34205 [ Hybrid ] Class offered online or
specified
[
Class
UPCOMING CLASSES
UPCOMING CLASSES
Learn more at myrasm.com/calendar to register.
YPN TROLLEY TOUR: WELLEN PARK
Thursday, July 6 8:45 a.m. - 12:30 p.m. [ South ]
Join YPN on the trolley for a tour of Wellen Park! Meet business partners and hear from experts on buying and selling properties in this community. YPN Members $5. Non-YPN Members $10.
CIPS DESIGNATION
July 10, 11, 12, 17, & 19 8:00 a.m. - 5:00 p.m. [ South & Online ]
The Certified International Property Specialist (CIPS) designation is comprised of all five courses: Local Markets, Transaction Tools, Asia/Pacific, Europe, and The Americas. CIPS designation will give you the tools, knowledge, and network to globalize your business. Members $295. 8 CE HRS.
REPEAT CUSTOMERS AND REFERRALS
Thursday, July 13 2:00 p.m. - 4:30 p.m. [ RASM North ]
Join Elm Street Academy for a high energy master class training where you will learn how to become an expert in generating high quality and high conversion leads. Members Free. 2 CE HRS.
VOLUNTEER: CLEAN UP FLORIDA’S WATERS
Sat., July 15 7:30 a.m. - 9:30 a.m. [ Siesta Key or Coquina Beach ]
Join thousands of Florida Realtors® around the state for the Florida Waterways Clean Up Effort! RASM will be partnering with Keep Sarasota County Beautiful and Keep Manatee County Beautiful for a designated group clean-up day.
LET’S ZONE OUT: SARASOTA COUNTY ZONING
Tuesday, July 18 11:30 - 1:00 p.m. [ Zoom ]
Join CREA for a presentation about the Unified Development Code and Zoning Map for Sarasota County. CREA Members Free, $5 Non-CREA.
AFTER HOURS NETWORKING
Tuesday, July 18 5:00 - 7:00 p.m. [ Raffurty’s Bar & Grill ]
This class covers topics such as common types of real estate fraud, how to spot red flags, and steps to take if you suspect fraud. Members Free.
REALTOR® NIGHT AT LECOM PARK
Thursday, July 20 6:30 a.m. - 9:00 p.m. [ LECOM Park ]
The Marauders are excited to host REALTOR® Night at LECOM Park! Join us in July as the Bradenton Marauders take on the Fort Myers Mussels. Doors open at 5:30 p.m. Members $12.
INTRO TO CONTRACTS
Monday, July 24 9:00 a.m. - 12:00 p.m. [ South ] In this class, instructed by Michael Hankin, students will be introduced and updated on the basic elements of a real estate contract. Members Free.
GRI 101: PROFESSIONALISM AND THE LAW
Wed., July 26- Thurs., July 27 8:00 - 5:30 p.m. [ South ] In GRI 101, Realtors® will learn just what sets them apart from real estate licensees. This course will cover professional standards, law, and will raise awareness of federal housing laws and sensitivity to consumer diversity. Members $60. 14 CE HRS.
SUMMER SERIES: TOKENIZING COMMERCIAL RE ASSETS
Monday, July 31 9:00 a.m. - 12:00 p.m. [ South ]
Understanding fractionalized ownership models through tokenization will not just allow an agent to meet current clients’ needs but also to help people become customers who didn’t know they could participate in the market. Members $15. 3 CE HRS.
BUILD YOUR BUSINESS WITH CUSTOMER SERVICE
Monday, July 31 1:00 p.m. - 4:30 p.m. [ South & Online ]
This class will help students separate themselves from the competition by building their business with extraordinary customer service. Your business success will be directly proportional to your ability to provide an unprecedented level of customer service. Members $15. 3 CE HRS.
Designation or Certification Courses [ Continued on page 32 ] myRASM.com | 33
MLS REQUIRED CLASSES
In-person MLS classes take place in the beginning of the month at RASM South and RASM North. Live webinars are available for required and elective classes. If you prefer to complete your required education by taking a self-paced online class, please visit learn. stellarmls.com
MLS BASIC
Wednesday, July 5 9:00 a.m. – noon [ South ]
This required class teaches every new Stellar MLS subscriber the basics of how to use the Matrix MLS System to power their real estate business. Topics include navigating the system, setting up a property search, direct and auto emails, managing contacts, and personalizing the Matrix system.
MLS COMPLIANCE 101
Wednesday, July 5 1:00 - 2:15 p.m. [ South ]
A key purpose of the MLS is to provide real estate brokerages a mechanism to compensate each other for bringing buyers to each other’s listings. In order for this to work, it is critical that we share accurate data, and enter listings in a way to maintain the cooperative nature of the MLS. This required class for new subscribers reviews the MLS comprehensive Rules & Regulations to ensure that all users have access to the best data possible.
MLS ADDING & EDITING LISTINGS
Wednesday, July 5 2:30 - 3:45 p.m. [ South ]
This class is mandatory for agents who will be adding and modifying listings in the MLS. We will walk through the process of gathering listing data, entering listings into the MLS systems, adding photos and attachments, and modifying listings. We will also share valuable tips and techniques in the listing entry process.•
2023 GRI SCHEDULE
(Locations, dates, and times subject to change.)
GRI 101: July 26 - 27
GRI 102: August 9 - 10
GRI 103: August 23 - 24
CIPS Institute Schedule
July 10 | Global Real Estate Local Markets
July 11 | Global Real Estate Transaction Tools
July 12 | Asia/Pacific & International Real Estate
July 17 | Europe & International Real Estate
July 19 | Americas & International Real Estate
UPCOMING CLASSES CONTINUED
34 | ELEVATE [ JULY 2023 ]
RASM Membership Update
By: Jessica Montague, Member Services Manager
RASM MEMBERS NOW WITH
David Andino, Charles Rutenberg Realty Inc.
Katherine Aumua, Keller Williams Realty Select
Mary Frances Baer, EXP Realty LLC
Regina Baker, Coastal Connection Realty
Eugene Barshay, LPT Realty
Lindsay Bartolomey, Exit King Realty
Paul Booth, Keller Williams On The Water
Terry Shante Bradley, Suncoast Realty Group LLC
Stacey Carlin, Keller Williams Realty Select
Judith Chandler, LPT Realty
Brian K. Chapman, Preferred Shore
Parker Chartier, Keller Williams Classic Group
Helen Chilovich, Barr Agency Real Estate
Milagros Iliana Chunga, Ilene Mirman Realty Inc.
Christina Michael Clark, Dalton Wade Inc.
Lisa Corsaletti, Prevail Properties LLC
Shari Lynn D’Andria, Charles Rutenberg Realty Inc.
John Joseph DellAmico, Coldwell Banker Realty
Angela Maria Diaz Gonzalez, EXP Realty LLC
Debra Dreher, RE/MAX Realty Group
Kindra Dunsmore, Keller Williams On The Water
Jeffrey Lee Edgerly, Coastal Luxury Partners, Inc.
Stephanie Anne Edgerly, Coastal Luxury Partners, Inc.
Chad Ellis, Wagner Realty
Corey Ellis, Wagner Realty
David J. Eramo, Preferred Shore
Esther Eti Farber, Preferred Shore
Miriam Fieber, NextHome Excellence
Francine Mona Fields, RE/MAX Platinum Realty
Madyson Leigh Flores, Sellstate Vision Realty
Lobin Frizzell, Keller Williams Island Life Re
Ashley Garrison, Charles Rutenberg Realty Inc.
Kristin Gilardi, William Raveis Real Estate
Brett Goldman, Dalton Wade Inc.
Jomara Gracia, Marcus & Company Realty
Jeffrey Gross, Edina Realty, Inc.
Maria Guimaraes, LPT Realty
Jeffrey R. Hall, Dalton Wade Inc.
David Marc Haller, RE/MAX Select Group
Kenneth William Hanson, EXP Realty LLC
Susan L. Harding, Corcoran Dwellings Realty
Jessica Harris, Fine Properties
Cheri Lea Henson, ROVI
Daniel John Hering, Bright Realty
Paul Richard Holbrook, Dalton Wade Inc
Cynthia S. Holeva, Bright Realty
Ryan Jacobson, Exit King Realty
Albert George Joerger, Keller Williams On The Water
Darrell M. Jones, Florida Homes Realty & Mortgage
Andria Kiel, NextHome Excellence
Dianna Koukoutchos, EXP Realty LLC
Samarra Landry, MVP Realty Associates, LLC
Anthony J. Lee, Zap Homes LLC
Anthony A. Lockhart, Fine Properties
Cindy Louise Lockhart, Fine Properties
Pablo Andres Londono, Preferred Shore
Kelly S. Loya, LPT Realty
Sandrine Maquet, LPT Realty
Doreen Marino, ROVI
Habib Massari, Sellstate Vision Realty
Tania May, Radius Agent, LLC
Lisa Jo McAuliffe, EXP Realty LLC
Kyle McKuhen, Hammerhead Ventures LLC
Christina Michelle McNaught, EXP Realty LLC
John McNaught, EXP Realty LLC
Stacy Lynn Metz, Dalton Wade Inc.
Latinka Milanova, LPT Realty
Cassandra Miller, Sellstate Vision Realty
Sarah J. Miller, Showtime Realty
Serenity Ashley Miller, LPT Realty
Terry L. Millett, Gulf Shores Realty & Rentals
Keren Mizrahi, Coldwell Banker Sarasota Cent.
Ashlee Ray Morrell, Fine Properties
Melissa Sue Morris, Keller Williams On The Water
Joelyn Nauman, Coldwell Banker Realty
Anthony Neil Noble, ROVI
Kadie Nolan, Preferred Shore
Madeleine November, EXP Realty LLC
Marianne Carson Oden, Preferred Shore
Christine Lynn Paul, Fine Properties
William Troy Pittman, Pham Realty Group
Leonardo Jesus Quintana, Coldwell Banker Realty
Khory Richardson, Keller Williams Realty Select
Brianna Shaughnessy Roberts, Beach House Real Estate LLC
Brianna Russo, Preferred Shore
Yevgeniy Vladimirovich Salyuk, Premier Properties of SRQ LLC
Stephanie L. Shaw, William Raveis Real Estate
Matthew Dennis Shields, Preferred Shore
Chester Marlon Skol, Fine Properties
Mirjana Spurnic, Kona Realty
Faith Elizabeth Stutzman, Pham Realty Group
Lindsey Jean Sykora, Keller Williams On The Water
Lisa Sylvain, Preferred Shore
Gregory Tacon, Michael Saunders & Company
Janet A. Toth, Arterra Luxe-Florida LLC
Brenda Lee Tottser, Coldwell Banker Realty
Paulina Vasiliev, Keller Williams On The Water
Jessica Verhelle, The Sunshine State Company
Virginia Villasenor, Michael Saunders & Co.
Allison Werner, Premier Sothebys Intl Realty
Kathleen A. White, Preferred Shore
Andrea P. Williams, Keller Williams Realty Select
Brittnee Jean Willoughby, Duncan Real Estate, Inc.
Carla Christine Wright, Fathom Realty FL, LLC
Lynn Wright, Global Luxury Realty LLC •
MEMBERSHIP NEWS
[ Continued on page 34
myRASM.com | 35
NEW DESIGNATED REALTORS®
Leslie G. Babiak, Leslie Babiak LLC
Angela Patrice Boone, Angela P Boone, Licensed Real Estate Broker
Lisa Corsaletti, Prevail Properties LLC
Giovanna D’Alessandro, Premier Sotheby’s Int’l Realty
Karlie Bennett Eggebrecht, SRQ Realty, LLC
Anthony J. Giglio, Moto Real Estate, Inc
Stephen Duff Ihrig, SDI Appraisal
Abbey Kronebusch, Abbey Kronebusch, Appraiser
Anthony J. Lee, Zap Homes LLC
Kyle McKuhen, Hammerhead Ventures LLC
Terry L. Millett, Gulf Shores Realty & Rentals
Pamela Parrino, Suncoast Leasing & Management
William Troy Pittman, Pham Realty Group
Perry Keith Pope, Privada Realty
Julie Raines, Julie Raines
Savannah Shae Sheppard, Sellstate Vision Realty
Colleen Stobinsky, RE/MAX Select Group
Kathryn Valentine, Florida Condo Hotel Sales LLC
Gregory Hugh Van Buskirk, Terra Excelsior Realty LLC
NEW REALTORS®
Mandi Ve Alagoz, EXP Realty LLC
Jason Allgire, Keller Williams Island Life Re
Elizabeth Augustine Fifer, Coldwell Banker Realty
Renee Barnes, Preferred Shore
Jessica Berger, Peppertree Bay Realty Inc
Arominta Blake, Berkshire Hathaway HomeService
Laura Marie Brenner, Leslie Wells Realty, Inc.
David Hugh Brierton, Leslie Wells Realty, Inc.
Steven Brown, HB Realty Group Inc.
Debra Lynn Burns, Keller Williams On The Water
Brenna Kirsten Butler, Keller Williams On The Water
Monica Carrillo, North Manatee Realty I LLC
Garrick Allan Castro, ROVI
Magda Chwalek, Elite Realty Brokerage
Amber Clark, The Bridlewood RE Co LLC
James P. Covino, MVP Realty Associates LLC
Richard Cruz, Coldwell Banker Realty
Robert Thomas Delaney, Michael Saunders & Company
Jessica S. Dunnam, Preferred Shore
Ryan Edwards, SVN Commercial Advisory Group
Nevresa Fejzic, Keller Williams On The Water
Devon Figgins, RoseBay International Realty, Inc.
Timothy C. Fink, RE/MAX Alliance Group
Walter Roland Friedrich, Keller Williams On The Water
Joseph Fritsche, LPT Realty
Adrienne Gagliardo, Florida Capital Realty
Evelyne Gester, Coldwell Banker Sarasota Cent.
John J. Ghanayem, ROVI
Rachel Goldman, SVN Commercial Advisory Group
Ian Greenberg, Brista Realty LLC
Anthony Gubello, Living Vogue LLC
Jermicia N. Gubello, Living Vogue LLC
Heidi Haber, Ian Black Real Estate LLC
Kylene Hamblin, Medway Realty
Olivia Delores Hart, Coldwell Banker Realty
Jane Hunter, Jennette Properties Inc.
Virag A. Jackson, Fine Properties
Amy Berenise Jaimes, Keller Williams Realty Select
Ana Lilia Jaimes, RMZ Realty Inc.
Mariano Jimenez, NextHome In The Sun
Pamela G. Kanter, Coldwell Banker Realty
Taylor Lynn Kelly, McConnell and Associates
Barbara Ann Korte, Adams Homes Realty, Inc
Amy LaRusso, Coldwell Banker Realty
James LaRusso, Coldwell Banker Realty
Renata Slyvia Lasalle, Living Vogue LLC
Ashley Kayelynn LeRoy, Veterans Realty Inc.
Patricia B. Leuallen, Premier Sothebys Intl Realty
Randy Lindorff, EXP Realty LLC
Krystina Jones Londeree, Barrett Realty, Inc
Ramon Lopez Aguilar, Steve D Smith 360 LLC
Toby Lynn, Bright Realty
Corrie Linette Manning, Keller Williams On The Water
Roberto Martin Acosta, Bright Realty
Brady McCabe, Preferred Shore
Luke T. McColgan, Keller Williams Island Life Re
Victoria Ann McKenzie, Keller Williams On The Water
Valerie Ann Millslagle, Preferred Shore
Jeffrey Andrew Milone, Keller Williams Island Life Re
Thatcher Miner, The Real Estate Store
Christine L. Morrell-Stinson, KW Suncoast
Melissa Sue Morris, Keller Williams On The Water
David Alberto-Taro Moya, Keller Williams Classic Group
Raymond A. Mullins, Florida Homes Realty & Mortgage
Ian L. Newell, Premier Sothebys Intl Realty
Madeleine November, EXP Realty LLC
Natan Otero, MVP Realty Associates LLC
Kristi Lynn Owens, Preferred Shore
Nicholas Parisi, Keller Williams Realty Select
Timothy Jay Powell, SRQ Premier Realty LLC
Gary Lee Ravan, Keller Williams Realty Select
Scott P. Reardean, LoKation
Robyn Lynne Reynolds, Wagner Realty
Isabel Jane Riddell, Compass Florida LLC
Katherine Emily Rodriguez Ochoa, KW Suncoast
Shastyn Romines, ROVI
Jennifer Sanchez, EZ Choice Realty
Blair Lowell Schrock, Michael Saunders & Company
Rhaea Silva, Ryntal
Matthew Smith, Compass Florida LLC
Victoria C. Sousa, Keller Williams On The Water
Angela Norene Stiner, Keller Williams Realty Select
Danielle Suppa, Wagner Realty
Keeshelda Yolaine Sylvains, Keller Williams On The Water
Katherine L. Taylor, Premier Sothebys Intl Realty
Sherry Tom, Coldwell Banker Realty
Kate Tuyet Truong, Real Broker, LLC
Alexandria Ellen Turco, Keller Williams On The Water
Matthew James Van Duren, The Sunshine State Company
Sharon Viner, Exit King Realty
Carl Wagner, Sarabay Real Estate Inc.
Evan Garrett Weber, Michael Saunders & Company
Denise Clark Whitty, Compass Florida LLC
Aaron Wittenstein, EXP Realty LLC
Amanda Mercer Wood, Town & Country Properties of FL
Omar Alexander Zevallos, Coastal Luxury Partners, Inc.
Daniel Zhdanov, Coldwell Banker Realty •
MEMBERSHIP NEWS
36 | ELEVATE [ JULY 2023 ]
NEW BUSINESS PARTNERS
ALLIANCE GROUP MORTGAGE
2000 Webber Street
Sarasota, Florida 34239
Representative: David McClure
Email: dmcclure@alliancegroupmortgage.com
Alliance Group Mortgage is a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending. We have access to a full range of mortgage sources and all of our Mortgage Consultants are dedicated to finding the right loan with the best rates, terms, and costs to meet your unique needs.
BAYFIRST FINANCIAL
2033 Main Street, Suite 101
Sarasota, Florida 34237
Representative: Frank Maggio
Email: Frank.Maggio@BayFirstFinancial.com
Since opening in 1999, BayFirst has been focused on becoming the premier bank Tampa Bay. We’ve grown our small, independent bank into a top nationwide SBA lender and one of the leading community banks in the region, without losing sight of our commitment to making an impact in our community and being Here for What’s Next® in the lives of our customers.
CARDINAL FINANCIAL
5799 Sandy Pointe Dr
Sarasota, North Carolina 34233
Representative: Siri Calamese
Email: marc.jarman@cardinalfinancial.com
We’re the type of lender that talks to you like a human. That empowers you with access, insight, and knowledge for a lifetime of home loan confidence.
CLIVE DANIEL
3055 Fruitville Commons Blvd
Sarasota, Florida 34275
Representative: Torri Brown
Email: tbrown@clivedaniel.com
Clive Daniel Home is truly “one-stop-shopping” for everything for your personal residence. And when you need help with the selection of furnishings and accessories or carpets, cabinetry and chandeliers, our team of interior design professionals can help select the right piece to transform your dreams into reality.
COLOR WORLD PAINTING OF SARASOTA BRADENTON
1625 4th St W
Palmetto, Florida 34221
Representative: Adam Resnick
Email: adamr@colorworldpainting.com
Color World Painting has been providing home and
business owners with quality interior and exterior painting services and so much more. We are a oneof-a-kind home painting company that also offers commercial painting, power washing, carpentry and drywall repair, staining, and gutter installation.
DAVE CAN LLC
3232 Fruitville Road
Sarasota, Florida 34237
Representative: David Sutton
Email: davecanhandyman@gmail.com
You need it, we do it! Handyman Home Repair, estate cleanout/junk removal, tree trimming services.
FLOORS 4 PROS
2108 Whitfield Park Loop
Sarasota, Florida 34243
Representative: Scott Perron
Email: scott@floors4pros.com
Floors4Pros stocks 100’s of the most popular hard and soft surface products at wholesale pricing available for immediate installation. Our clients are provided with professional samples and educated about our offering.
HIDDEN CREEK AT LAKEWOOD RANCH, FLORIDA
7720 Hidden Creek Lp #102
Lakewood Ranch, Florida 34231
Representative: Forest Balderson
Email: flbalderson@gmail.com
Boasting reinforced concrete-block construction, Hidden Creek Townhomes at Lakewood Ranch
Florida are built to resist storm-force winds up to 175 mph, including the garage doors. Sound board and specialized insulation inside the concrete block and drywall - the same materials and technique used for quiet in luxury hotels - ensure exceptionally high sound resistance and privacy.
PRODIGY PEST SOLUTIONS LLC
1501 Sarasota Center Blvd
Sarasota, Florida 34240
Representative: Nick Foy
Email: Pestprodigy@gmail.com
Prodigy Pest Solutions has been helping homeowners and businesses take care of their pest problems. We’re a family-owned and operated business, and we take pride in our work. We believe that quality service starts with attentiveness to detail, and we never skimp on customer service.
[ Continued on page 36
MEMBERSHIP NEWS
myRASM.com | 37
NEW BUSINESS PARTNERS
SDI APPRAISAL
311 41st Street NE
Bradenton, Florida 34208
Representative: Stephen Ihrig
Email: steve@sdiappraisals.com
Whether you’re purchasing a home or conducting any other type of real estate transaction in St. Petersburg, a professional property appraisal will streamline the process and establish the fair market value of any property. Most official real estate forms and documents include a line item of the estimated property value, yet only a licensed and certified appraiser is qualified to provide a completely objective evaluation along with a detailed and comprehensive written report.
THE SARASOTA BALLET
5555 N Tamiami Trail
Sarasota, Florida 34243
Representative: Jeanne Leo
Email: jleo@sarasotaballet.org
The Sarasota Ballet enters its 2023 – 2024 Season with an exciting range of repertoire, including many ballets by some of the most celebrated and prestigious choreographers and composers of the ballet world. Under the leadership of Iain Webb, The Sarasota Ballet has achieved national and international critical acclaim.
TOTAL MORTGAGE
8374 Market St #519
Lakewood Ranch, Florida 34202
Representative: Rick Rieger
Email: rrieger@totalmortgage.com
Total Mortgage is changing lending for the better. Better technology means a quicker loan process. Awesome people make it painless.
WEST FLORIDA INSPECTIONS
2311 58th St E
Palmetto, Florida 34221
Representative: Donald Shaw
Email: Don@westfloridainspections.com
At West Florida Inspections we are dedicated to providing accurate, dependable and trustworthy services to our clients, we succeed in the high level of quality because of the integrity of our inspectors and staff along with our commitment to a solid work ethic. We continue to approach our jobs with passion and devotion through continuing education and Industry involvement. •
MEMBERSHIP NEWS
38 | ELEVATE [ JULY 2023 ]
2023 ANNUAL SPONSORS PLATINUM
Battaglia Law, PLLC
Carotti Engineering, LLC
LeeWay Home Inspection
SILVER
BRONZE
Sunshine Movers of Sarasota
Third Federal Savings & Loan
Empower and engage our REALTOR® community by delivering essential services, resources, education, and experiences that elevate member success and professionalism, while advocating for REALTOR® initiatives and private property rights.
local association in florida
in scholarships awarded in 2022
We are an innovative and relevant association that elevates the standards of professional excellence, and are critical to our members’ success, while providing value to our community. $45,000 donated to local charities in 2022 $120,000 raised for the foundation in 2022
www.myrasm.com • (941) 952-3400 2 counties 18 employees 15 directors 15 committees 480+ affiliates 8,900+ realtor® members
largest local association in united states RASM SOUTH 2320 Cattlemen Road, Sarasota, FL 34232 RASM NORTH 2901 Manatee Avenue W., Bradenton, FL 34205
brian tresidder president tony barrett president-elect debi reynolds vice president david crawford treasurer tony veldkamp past president 2023 LEADERSHIP TEAM FLORIDA REALTORS® PAC (2022) members invested in florida realtors® pac 2,639 $307,500 invested into rpac by rasm members in 2022 50 major investors MISSION
#44
#7 largest
VISION
$34,000
For more detailed reports, visit myrasm.com/statistics PHONE: (941) 952-3400 FAX: (941) 952-3401 www.MyRASM.com EXPANDED REPORTS Sarasota and Manatee Counties May 2023 Reach Further W ith The Market.
Monthly
Distressed Market - May 2023
Single-Family Homes
Sarasota County
Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price May 2023 May 2022 Percent Change Year-over-Year Traditional 817 907 -9.9% $510,000 $497,000 2.6% Foreclosure/REO 3 1 200.0% $360,000 $156,000 130.8% Short Sale 2 2 0.0% $221,700 $375,875 -41.0% $0K $100K $200K $300K $400K $500K $600K $700K Median Sale Price 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Closed Sales Traditional Foreclosure/REO Short Sale J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2019 2020 2021 2022 2019 2020 2021 2022 42 | ELEVATE [ JULY 2023 ]
Monthly Distressed Market - May 2023
Manatee County Single-Family Homes
Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price May 2023 May 2022 Percent Change Year-over-Year Traditional 799 681 17.3% $515,000 $550,000 -6.4% Foreclosure/REO 4 2 100.0% $413,000 $226,500 82.3% Short Sale 0 2 -100.0% (No Sales) $445,000 N/A $0K $100K $200K $300K $400K $500K $600K $700K Median Sale Price 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Closed Sales Traditional Foreclosure/REO Short Sale J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2019 2020 2021 2022 2019 2020 2021 2022 myRASM.com | 43
Monthly Distressed Market - May 2023
Sarasota County Townhouses and Condos
Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price May 2023 May 2022 Percent Change Year-over-Year Traditional 441 532 -17.1% $405,000 $403,000 0.5% Foreclosure/REO 0 0 N/A (No Sales) (No Sales) N/A Short Sale 0 0 N/A (No Sales) (No Sales) N/A $0K $200K $400K $600K $800K $1000K $1200K Median Sale Price 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Closed Sales Traditional Foreclosure/REO Short Sale J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2019 2020 2021 2022 2019 2020 2021 2022 44 | ELEVATE [ JULY 2023 ]
Monthly Distressed Market - May 2023
Manatee County Townhouses and Condos
Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price May 2023 May 2022 Percent Change Year-over-Year Traditional 356 336 6.0% $382,645 $370,000 3.4% Foreclosure/REO 0 2 -100.0% (No Sales) $125,000 N/A Short Sale 0 1 -100.0% (No Sales) $230,000 N/A $0K $100K $200K $300K $400K $500K $600K $700K $800K $900K $1000K Median Sale Price 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Closed Sales Traditional Foreclosure/REO Short Sale J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2019 2020 2021 2022 2019 2020 2021 2022 myRASM.com | 45