6 March 2024
Balancing Act: Walking the Work-Life Tightrope
2024 WOMEN’S LEADERSHIP SUMMIT
SPONSORED BY
THURSDAY, MARCH 07
8:30 AM - 4:30 PM | RASM SOUTH
TICKETS $75
of Century 21 Hansen Realty Candidate for NAR 2025 First Vice President
RASM is celebrating Women’s History Month in partnership with the WCR Manatee County and the WCR Sarasota with this retreat-style leadership summit for emerging female leaders in real estate.
Questions?
Leah Desare, Director of Events 941-952-3415 | leah@myrasm.com
ROUNDTABLE
BROKER
Sherry GroomsMichael Saunders
Xena ValloneToni Zarghami
Gia Arvin 2024 President Florida REALTORS ®
Erin Watson Director of Client Experience Game On Nation
HOST
Christine Hansen Broker-Owner
Spectacular Parade of Homes Celebration
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NEW ONSITE SALES CENTER NOW OPEN
from $1 million 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 DEVELOPER TO A BUYER OR LESSEE. ALL 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. Proudly presented by YEARS 20 ANCHOR BUILDERS • AR HOMES BY ARTHUR RUTENBERG • JOHN CANNON HOMES LEE WETHERINGTON HOMES • STOCK LUXURY HOMES • STOCK CUSTOM HOMES Visit with your clients today. Sales Center: 8396 Sea Glass Court, Lakewood Ranch, FL 34240 l 941.313.3852 WildBluelwr.com
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6 COVER STORY
Balancing Act: Walking the Work-Life Tightrope
In today’s world, many of us find ourselves wearing multiple hats and balancing numerous essential responsibilities simultaneously. Maintaining balance in life is undeniably crucial, yet achieving it is often a challenging endeavor. The need to excel in our professional pursuits while simultaneously meeting the needs of our children, supporting a spouse or partner, connecting with friends, siblings, and parents, can often leave very little time for ourselves. What happens when you believe you’re managing everything just fine, only to find yourself suddenly overwhelmed by burnout? How do we find and maintain a healthy balance? To shed light on this topic, we’ve consulted with a few of our esteemed and accomplished RASM members to gather invaluable tips on avoiding overload, balancing work-life responsibilities, and managing the toll of everyday stress.
Both
state that on the day prior to the closing date, or on the closing date prior to the time of closing, the buyer may perform a walk-through inspection to confirm that all items of personal property are on the property, among other vital contractual obligations.
Contents MARCH 2024 10 Professional Standards 12 Realtor® Attorney Joint Committee 14 RASM REALTORS® Charitable Foundation 16 Government Affairs 17 Market Analysis 23 Global Business Council 24 Young Professionals Network 25 Neighborhood Spotlight 28 Professional Development Committee 30 Calendar of Events 33 Membership News
Utilizing AI in Real Estate Ar tificial Intelligence (AI) has revolutionized the real estate industry, empowering agents with advanced tools and technologies to streamline tasks and enhance productivity. By leveraging AI-driven solutions, agents can optimize their workflow and provide enhanced services to clients.
23 Walk-Through Issues
the AS IS Contact and Standard Residential Contract
28
International Buyer’s Guide It’s not a secret that investing in real estate is rising across the United States. Foreign buyers’ purchasing of Florida residential real estate increased to $53.3 billion in 2023 compared to $19.4 billion in 2016. Florida remains the top destination for foreign buyers. 4 | ELEVATE [ MARCH 2024 ]
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RASM South - 2320 Cattlemen Road
Sarasota, FL 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 Operations & IT:
Jesse Sunday
Vice President of Advocacy & Member Programs:
Maxwell Brandow
Communications Director :
Brandon Gay
Member Services Director :
Jessica Montague
Professional Development Director: Denise Ricciotti
Communications Manager:
Kristen Oriente
Magazine Editor:
Beth Sunday
2024 ASSOCIATION OFFICERS:
President:
Tony Barrett, Barrett Realty, Inc.
President-Elect:
Debi Reynolds, Florida SunCoast Real Estate
Vice President:
David Crawford, Catalist Realty LLC
Treasurer:
Anita Lambert, Premier Sothebys Int’l Realty
Immediate Past President:
Brian Tresidder, William Raveis Real Estate
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. 2024 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 and article submissions, contact Beth Sunday, Magazine Editor, at 941-9523417 or email Beth@MyRASM.com
Balancing Work and Personal Life
By: Jeff Arakelian, RASM CEO
Having been around Realtors® for many years, I’ve often heard stories about clients’ disregard for their agent’s schedule. Clients calling late at night or dropping into town without notice and expecting the agent to show them property. That’s the business you’ve chosen.
In the fast-paced, highly competitive real estate business, achieving a healthy work/life balance can be challenging. However, maintaining a balance between professional and personal life can be crucial for long-term success and overall well-being.
You may frequently work irregular hours, including weekends and evenings, to accommodate clients’ schedules. To strike a balance, top agents suggest establishing clear boundaries between work and personal life. Setting designated working hours and sticking to them helps create predictability, allowing for better planning of personal activities and downtime.
Utilizing technology can also be a big help for agents seeking a more balanced lifestyle. Mobile apps, virtual tools, and project management platforms can enable agents to streamline tasks, manage appointments, and communicate effectively with clients all from their smartphones. This efficiency can allow agents to reclaim precious time for personal pursuits.
Prioritization is essential when managing a real estate career and having a personal life. Identifying and focusing on high-priority tasks ensures that the most critical aspects of the job are addressed, leaving room for personal time. Realistic goal-setting and timemanagement techniques can aid in achieving this balance.
While the real estate business is demanding, finding a work/ life balance is not only possible but crucial for sustained success. By establishing clear boundaries, leveraging technology, prioritizing effectively, and incorporating self-care, real estate agents can create a fulfilling and sustainable career without sacrificing their personal well-being. In this issue of ELEVATE, we will explore many of these strategies for achieving that sometimes elusive work/life balance. •
CEO UPDATE
myRASM.com | 5
Balancing Act: Walking the Work-Life Tightrope
In today’s world, many of us find ourselves wearing multiple hats and balancing numerous essential responsibilities simultaneously. Maintaining balance in life is undeniably crucial, yet achieving it is often a challenging endeavor. The need to excel in our professional pursuits while simultaneously meeting the needs of our children, supporting a spouse or partner, connecting with friends, siblings, and parents, can often leave very little time for ourselves. What happens when you believe you’re managing everything just fine, only to find yourself suddenly overwhelmed by burnout? How do we find and maintain a healthy balance? To shed light on this topic, we’ve consulted with a few of our esteemed and accomplished RASM members to gather invaluable tips on avoiding overload, balancing work-life responsibilities, and managing the toll of everyday stress.
DANGERS OF BURNOUT
Unfortunately, burnout can affect anyone at some stage of their life or career. When you’ve reached burnout, you may experience a range of symptoms, such as chronic fatigue, reduced motivation, decreased productivity, irritability, and physical or emotional exhaustion. It can also lead to negative impacts on your mental health, relationships, and overall well-being.
Additionally, burnout can affect your ability to effectively cope with stress and fulfill responsibilities both at work and in your personal life.
“Burnout is real, no matter what your occupation is,” said Barry Grooms, Realtor®, and Co-Owner of Florida SunCoast Real Estate Inc., along with his wife, Sherry Grooms. “Everyone is subject to burnout. We need to know its symptoms. It’s no different than any other mental or physical illness; it must be addressed. As soon as you identify the symptoms and you’re honest with yourself, the sooner you can address it and it will have less of a negative impact on you. But I don’t think burnout is simply from overworking. I think burnout is from not seeing the fruits of your labor with the work you’re putting in. If I’m prospecting and I’m doing everything that everyone tells me that I should be doing, but I’m just not getting the leads I am hoping for, then I’m going to feel burnout.”
STRATEGIES TO MAINTAIN BALANCE
Balancing work life with family life is undeniably challenging, but drawing from the insights of our esteemed RASM industry experts, here are some tried and true strategies aimed at nurturing this delicate balance.
COVER STORY
6 | ELEVATE [ MARCH 2024 ]
NEED FOR COMMUNICATION
In the continuously changing landscape of the workplace, effective communication stands as a cornerstone of success. It serves as the conduit through which ideas, concerns, and challenges are exchanged, fostering collaboration and innovation. Without regular and open communication, it’s very difficult to make informed decisions and tackle problems.
“In the real estate industry specifically, we can work countless hours with little or nothing to show for it,” added Grooms. “One thing that I am very mindful of with my agents is communication. Someone can come to me with brilliant ideas, but if those ideas require too much of their time and don’t directly translate into transactions, then my very capable agent can become frustrated and exhausted. My advice is to always bounce your ideas off others that you trust, so that you can gauge your time vs. success ratio. Make sure that you are using your valuable time to leverage the best possible results. In addition, if you’re working too hard and running on empty, you need to communicate your frustrations with someone you trust. One insightful conversation might be all you need to get you back on track.”
SET PRIORITIES
“Setting priorities in business is essential, but if you’re not in the right mindset, those properties can be easily steamrolled by financial concerns,” said Grooms. “The bills might be adding up, and there are no deals in the pipeline. But financial stress will kill your instincts. This is where networking and engaging with others is so important. Be very mindful of your inner circle of friends and influences. Always have five people around you who are smarter than you, people who will help you become smarter, who will help you set micro goals that will ultimately lead to big goals achieved. Review your priorities with them and really listen to their advice. You might not be in a position to take a vacation, but you can go easier on yourself and work smarter and not harder.”
ESTABLISH BOUNDARIES
“I’m a dad to four amazing and energetic kids. They keep me pretty busy, especially during evenings and weekends,” said Brian J. Partie Jr. PA, Director of Growth & Business Development with Engel & Völkers Suncoast. “As a parent, I’ve learned the significance of establishing clear boundaries in my interactions with others. It’s essential to provide guidance on how people should engage with you and when you’re available. Certain crucial questions, like ensuring alignment in standards, expectations, needs, and desires, need to be addressed upfront. Not everyone will be a perfect match, and that’s perfectly fine. You can’t cater to everyone, but with the right mindset, there are ample opportunities for success. Mastering the art of saying no is key: recognizing your limits and being willing to decline additional commitments and connections that might overwhelm your time and energy.”
Establishing boundaries will mean something different for everyone, but we all have the same 24 hours each day, and it’s our discretion in allocating and managing that time that truly defines our productivity and well-being.
“It’s not healthy for anyone to work 24/7, it’s ridiculous,” said Grooms. “If my agents tell me how ‘dedicated’ they are by answering their phone anytime, day or night, I immediately tell them that they need downtime. There needs to be a very clear distinction between your calendar and someone else’s calendar. If you don’t take control of your own schedule, then it controls you. And if a client is demanding more of your time then you’re comfortable with, you need to make the decision of whether that is worth it to you. But if you don’t actively make that decision, if you just allow it to happen without reevaluating other obligations, then you are giving someone else control over your schedule, and that will lead to burnout every time.”
TIME-SAVING TECHNIQUES
With so much on our schedules, no one can afford to waste time. So when we have specific tasks to accomplish, being disciplined and managing your time, and avoiding distractions, will greatly improve your chance for success.
“Implementing effective, time-saving techniques can significantly enhance productivity, and there are three that have been game changers for me,” said Partie. “One valuable strategy is time blocking, where you allocate specific blocks for dedicated tasks, minimizing multitasking and ensuring concentrated attention on one aspect at a time. Another practical approach is to batch similar tasks, grouping related activities together during designated time blocks. This not only streamlines your workflow but also reduces the cognitive load of switching between different types of tasks. Additionally, maintaining a habit of regularly reviewing and adjusting your schedule is essential.”
“If you have a small task that can be done, then do it right away and get it off your list,” said Grooms. “Knock off those things that you can quickly and easily do, and before you know it, you’ve accomplished ten tasks that might have looked overwhelming at first. Also, time blocking is a fantastic tool. Block off two hours of your day, with your door closed and your phone muted, and focus only on your highest priority. You will be amazed at how much you will accomplish when you’ve given yourself two hours of uninterrupted, focused work time without distractions. Then, take the rest of the day off!”
[ Continued on page 8 ]
myRASM.com | 7
DELEGATE AND OUTSOURCE
We all have different abilities and skill sets. Trying to be everything to everyone is not practical and will most definitely lead to burnout.
“Preventing burnout begins with self-awareness,” said Partie. “Burnout tends to arise quicker and intensify when dealing with tasks that aren’t aligned with our natural strengths or passions. Take the time to understand your purpose and why you do what you do; it significantly shapes your approach to work and life. When there’s alignment between your actions and the impact on others, putting in extra time and effort feels fulfilling rather than leading to burnout. Try to delegate or outsource the things that eat up your time and energy, that you might not be best suited for anyway. It’s all about finding that sweet spot where your efforts contribute to both personal satisfaction and serving others effectively.”
TAKE CARE OF YOURSELF
“If I don’t schedule small segments of time for myself on my calendar and treat these scheduled events with the same level of importance as any other task or meeting, then it just won’t happen,” said Charlotte Griffin, Business Development Director with Berlin Patten Ebling, PLLC. “I have three amazing daughters, and they are the driving factor for all that I do; they are the primary reason that I work so hard, and I strive for more. I love spending quality time with them. But if I don’t have time for me, then I’m not going to be the best version of me that my family deserves. I need a few moments throughout the week where I can just stop and be still. I need to reset my mind in a quiet space – maybe that means taking lunch by myself, or a small walk outside – it doesn’t have to be something big. But a few moments of quiet alone time are essential for me personally, and I think it could really help others as well,” added Griffin.
“Self-care” is a term that’s gaining significant attention lately, and for good reason. Real estate is a demanding industry and despite our best intentions, stress has a cunning ability to overwhelm us, often catching us off guard. Prioritizing our mental and emotional well-being is paramount in navigating life’s challenges. In addition, keeping an eye on our colleagues and friends who may be experiencing similar stressors is equally important.
“I suggest taking scheduled breaks throughout the day,” added Grooms. “These breaks can be as simple as going for a walk, taking a short nap, or whatever you need to do to recharge your batteries. Also, take some time to check on others who could use a positivity break in their own hectic schedule. And then when your break time is over, you are ready to hit the ground running because you feel relaxed and rejuvenated.”
SCHEDULE QUALITY TIME
Scheduling quality time goes beyond self-care and taking breaks throughout the day, it means planning events and activities with those you love and having something to look forward to. Plan these events as you would plan your workday. Make schedule quality time a priority - it’s essential for maintaining a healthy work-life balance and nurturing your relationships.
BE REALISTIC
“Life’s unpredictability ensures that despite our best-laid plans, there will inevitably be moments when circumstances diverge from our expectations,” explained Griffin. “And that’s perfectly alright, it’s bound to happen, we have to be realistic and can’t beat ourselves up over it,” she continued, emphasizing the importance of flexibility and self-compassion. “Maintaining a backup plan is invaluable for me in navigating these twists and turns, because inevitability, my plans will change without my control. It’s about communication with colleagues and loved ones, establishing a network of support for when life takes an unexpected turn. Whether it’s leaning on a trusted coworker or seeking assistance from family members, having these contingencies in place can alleviate stress and help us navigate the inevitable surprises.”
LEARN TO SAY “NO”
Mastering the art of saying “no” proves challenging for many, particularly in service-oriented sectors like real estate.
“Sometimes it feels like we’re juggling too many balls in the air, and one small slip can send them all crashing down,” said Griffin. “Overload happens to all of us. But it’s important to remember that it’s okay to prioritize, ask for help when needed, and just say ‘no’ when we need to. Saying ‘no’ isn’t being rude, but it’s often time selfpreservation. When we have too many obligations, then we need to be smart about what we can and can’t do. We’re only human, and we can’t do everything perfectly all the time.”
As professionals in the real estate industry, when too many tasks land on our plate, have strategies in place to weed through the essential priorities versus the items that can wait.
“Whenever I start to really feel overloaded, I take a few minutes alone to just organize my thoughts,” said Griffin. “I have one list of what I ‘have’ to do, and one list of what I ‘want’ to do. Seeing these tasks side-by-side really helps me to prioritize. Many of us have children, and relationships, and families to care for. Inevitably, the ‘want to do’ side of the equation starts to take priority because if I ignore it, my life will be out of balance. Family and loved ones must come first. I’m so grateful to work for a company that understands this and fully supports me.”
Juggling all of our diverse responsibilities can prove especially demanding, and there will inevitably be moments when maintaining this equilibrium seems nearly impossible.
“Life will be unpredictable – that’s a fact, and there is no avoiding stress for any of us. It’s important to realize that most of us are doing the best we can,” added Grooms. “But we have to remember the reasons why we work as hard as we do. Our families and loved ones need to come first, and with effort, the rest will fall into place. We also need to look out for one another. If you see someone who is struggling, don’t hesitate to throw out a life preserver to a sinking colleague, agent, or friend. Share what’s worked for you. The pursuit of work-life balance is an ongoing process that requires self-compassion, empathy for others, adaptability, and a commitment to always do our best, and at the end of the day, that has to be enough.” •
8 | ELEVATE [ MARCH 2024 ]
Donna Evans, Goodwill Manasota
By: Donna Evans, Director of Donation Development & White Glove Service, Goodwill Manasota
Not only was Donna RASM’s 2017 Business Partner of the Year, but she also handles Goodwill Manasota’s White Glove Service, which provides a FREE specialty service to those who are looking to empty their home by donating the contents due to downsizing, relocating, or selling the home.
The White Glove Service team packs all of the donated items with care, along with picking up the furniture, and delivers everything to Goodwill for resale in their stores. They also ensure that the donor receives an itemized tax donation receipt.
Those using White Glove Service include those selling their second home that is fully furnished, buyers who purchase a furnished home but have their own furnishings, seniors who are selling their primary residence and downsizing to a retirement home, and families disposing of things when selling their deceased relative’s home.
The money received from the sales of your donations helps Goodwill to create jobs and economic success for people with disabilities and other barriers to employment, including veterans returning home and needing help reintegrating into new job skills. The donor receives the satisfaction of knowing they’re changing lives through the power of work with their valuable donated belongings. It’s a win-win for all! Need a home emptied of your sellable items? Leave it to us!
For more information, call Donna at 941-355-2721, ext. 131. •
BUSINESS PARTNER SPOTLIGHT
10TH ANNUAL DOWNTOWN HORIZONS Join CREA to hear what's on the horizon in the Lakewood Ranch, North River Ranch, and Wellen Park communities. WEDNESDAY, APRIL 24 8 AM - 10 AM | RASM SOUTH myRASM.com | 9
Exaggeration in Advertising
By: National Association of REALTORS®
In his efforts to sell a furnished apartment building, REALTOR® A, the listing broker, used advertising describing the property, including such phrases as “modern updates... most units have new appliances... excellent earnings record.” Buyer B saw the ad, called Realtor® A, was shown three nicely appointed units on the property, signed an offer to buy, and wrote a check for a deposit. A few days later, he made a more careful inspection of the property and its earnings statements, and filed a complaint against Realtor® A with the Association of REALTORS® charging misleading and exaggerated advertising.
The complaint was referred to the Grievance Committee which, after its review and evaluation, referred it to the Professional Standards Administrator, directing that a hearing be scheduled before a Hearing Panel of the Professional Standards Committee.
At the hearing, Buyer B explained that he had been looking for just such an investment property in the general location, that the price appealed to him, and that he had only a very limited time available on the day he was shown the property. The three apartments which he was shown were in excellent condition, so he had thought it advisable to make an offer, feeling that he could place full reliance on Realtor® A’s representation of the property both in his oral statements and his advertising.
His second, and more thorough, inspection revealed that the three apartments shown to him were the only apartments in the building that were updated; the other nine were badly in need of renovation. Moreover, he said, the earnings record of the building, which by ordinary standards was satisfactory for the two years immediately preceding, had shown high vacancy and a loss in two of the ten years of the building’s life, had shown a definitely low return in three years, and had never shown an earnings record that could be described as “excellent.”
Responding to Buyer B’s specifics, Realtor® A pointed out that the complaint did not charge him with misrepresenting anything in his oral statements to Buyer B; that the complaint, therefore, was based solely on his advertisement which he felt did not depart from accepted standards in advertising. Since the building was about ten years old, he felt free to say that all of its units were “modern”, and that when he stated “most units have new appliances,” he based
that, too, on the fact that the building was about ten years old. Finally, in his opinion, the earnings record of the building for its entire operating life, since it had shown a loss in only two of its ten years, could reasonably be described as “excellent”.
Questioning of Realtor® A revealed that the three apartments shown to Buyer B were, in fact, the only renovated units in the building, and that these three were the only apartments in which the original appliances had been replaced. Realtor® A’s comment on this was, “Naturally, in showing the building, I directed attention to the most attractive features. This is just ordinary competence in selling.”
It was the conclusion of the Hearing Panel that Realtor® A’s advertising used exaggeration and had not presented a true picture in his representations to the buyer. Realtor® A was found in violation of Article 12. •
PROFESSIONAL STANDARDS
Published with the consent of the NATIONAL ASSOCIATION OF REALTORS®. Copyright NATIONAL ASSOCIATION OF REALTORS®-All Rights Reserved.
to
Revised
and
10 | ELEVATE [ MARCH 2024 ]
Interpretations of the Code of Ethics Agreement Case 12-3: (Reaffirmed Case #19-5 May, 1988. Transferred
Article 12 November, 1994.
April, 1998
November, 2017.)
2 0 2 4 2 0 2 4 L I S T I N G S I N L I S T I N G S I N $ 1 0 Y P N , $ 1 5 N O N - Y P N L U N C H & L E A R N H O W T O D O U B L E Y O U R H O W T O D O U B L E Y O U R T H E B U T T E R F L Y E F F E C T : T H E B U T T E R F L Y E F F E C T : C Y R U S M O H S E N I A P R I L 0 4 | 1 1 : 3 0 A M - 1 P M RASM SOUTH C E O o f T h e K e y s t o n e T e a m , S p e a k e r , P h i l a n t h r o p i s t R E G I S T E R N O W
Walk-Through Issues: How to Solve Quickly and Close on Time
By: Mallory Bauer, Esq., Berlin Patten Ebling, PLLC, Attorney
Both the AS IS Contract and Standard Residential
Contract state that on the day prior to the closing date, or on the closing date prior to the time of closing, the buyer or buyer’s representative may perform a walk-through (and follow-up walkthrough, if necessary) inspection of the property to confirm that all items of personal property are on the property, to verify that the seller has maintained the property as requested by the Maintenance Requirement, has met all other contractual obligations, and, in a standard contract, to make sure all necessary repairs have been conducted.
In an ideal world, the walk-through goes smoothly, and parties proceed towards closing. Unfortunately, walk-through issues do occur. A few examples of walk-through issues are:
1) AC is not working but was operable during the inspection, 2) the seller has not removed any personal property items, and 3) the seller did not properly repair items that were contractually required to be repaired. In the event a walk-through issue arises, there are typically three options to resolve and proceed toward closing, listed below.
1 | Extend the Closing Date:
a.This is the easiest and the least messy option. Extending the closing date allows the seller to resolve any walk-through issues at their cost and allows the buyer to re-inspect and close when the work is completed.
b.Many parties to a contract do not want to extend the closing for many reasons (i.e., simultaneous closing, lender restrictions, need to occupy the property today, etc.)
2 | Parties agree to close, but the seller provides a seller credit:
a.When parties proceed with this option, the seller provides the buyer with a closing cost credit so the buyer conducts the repair(s) themselves post-closing. Typically, the seller will obtain an estimate for the repair(s), and the credit will reflect that amount.
b.An addendum to the contract will need to be drafted in order to include the seller credit on the
closing statement. If a lender is involved, the credit addendum will need to be provided to the lender’s underwriter, which sometimes cannot be reviewed on the same day and may lead to an unwanted closing extension.
3 | Parties agree to an escrow holdback:
a.This option requires the seller to repair the item(s) post-closing, and the closing agent typically holds 125% of the estimated repair(s) back at closing. Once the repair(s) are completed, the funds are released as payment to the contractor and the remainder of the funds to the seller.
b.An escrow agreement is strongly encouraged in the event of an escrow holdback, which requires the closing agent to draft a legally binding document, and typically, a fee is incurred.
c.If a lender is involved, the escrow agreement needs to be approved by the lender’s underwriter. Dependent upon the type of repair(s), many lenders will not allow an escrow holdback. If a lender does allow an escrow holdback, the underwriter will have to approve, which sometimes cannot be reviewed the same day and may lead to an unwanted closing extension.
It is important for Realtors® to understand how to quickly resolve walk-through issues to best service their clients. While the above list is not exhaustive, and every walk-through issue is unique, it should provide good insight to all Realtors®. •
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.
12 | ELEVATE [ MARCH 2024 ]
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2024 Scholarship Applications Open
By: The RASM REALTORS® Charitable Foundation
The REALTOR® Association of Sarasota and Manatee (RASM) has released the 2024 scholarship applications for eligible students in the 2024-2025 academic year, offered through the RASM REALTORS® Charitable Foundation Every year, the Association awards a minimum of six scholarships in the amount of $2,000 to deserving students in the Sarasota and Manatee area.
The awarded scholarships are split between applicants whose parents or grandparents are Realtor® members of RASM and applicants who are from Sarasota and Manatee counties. In 2023, the RRCF awarded 20 scholarships to local students for a total of $40,000, the most in RASM’s scholarship program history.
The application is open and available to local high school seniors who will be attending an undergraduate college or university; any student currently enrolled in an undergraduate college or university; or any student pursuing a graduate degree.
Scholarship awards will be “based solely on the merits of the selection criteria as set by the Scholarship Committee.” Criteria to be considered include, but aren’t limited to, academic achievements, financial need, and contributions to the school and community.
All application materials are due by 5 p.m. on March 29, 2024. Learn more and apply at myrasm. com/scholarships. •
2024 SCHOLARSHIP APPLICATIONS DUE MARCH 29 SCHOLARSHIPS
RASM REALTORS® CHARITABLE FOUNDATION (RRCF)
APPLY HERE 14 | ELEVATE [ MARCH 2024 ]
625 Sarasota includes two boutique condominiums in Downtown Sarasota. 625 at The Palm is Palm Avenue’s newest addition, offering a vibrant life at the epicenter of downtown. 625 at The Point offers a tranquil private sanctuary on Golden Gate Point. Each property will offer a limited collection of just 12 residences, complemented by resort-style amenities that provide every convenience. Construction is getting underway soon and getting your Clients in early will ensure they have the best selection and pricing, from the high $2 millions. To register your Client or arrange for a private appointment, visit 625Sarasota.com or call our Sales Gallery at 941-366-8070.
ARTIST’S RENDERING TIMING AND CHOICE ARE EVERYTHING IN DOWNTOWN
POINT
PALM ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE SELLER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A SELLER TO A BUYER OR LESSEE. This project has been filed in the State of Florida and no other state. This is not an offer to sell or solicitation of offers to buy the condominium units in states where such offer or solicitation cannot be made. Prices, square footage, and availability are subject to change at any time without notice. This is a limited time offer. Communications by email, text or fax do not constitute an offer or acceptance of an offer and cannot create a contractual obligation. Developer may withdraw offering at any time. Coldwell Banker® is a registered licensed trademark. Equal Housing Opportunity Sales Gallery: 100 N TAMIAMI TRAIL, SARASOTA, FL 34236 625SARASOTA.COM | 941-366-8070 ARTIST’S RENDERING ARASOTAS
THE
THE
Sarasota Vacation Rental Rules Go City Wide & FEMA Flood Map Updates
By: Max Brandow, RASM Vice President of Advocacy and Member Programs
The vacation rental rules that previously only applied to Sarasota city properties on barrier islands were recently expanded to apply to all vacation rentals (less than 30 days) in the City of Sarasota.
These new rules will require all vacation rental owners to apply to the city for a rental certificate, get an annual inspection from city officials, adhere to safety requirements, and have a point of contact available to address any complaints or issues. Maximum occupancy for vacation rentals was reduced from 16 to 14 persons per rental, depending on bedroom count. The new fee for registration is $500, with renewal registration $350.
RASM opposed this expansion at every commission meeting and workshop due to the negative impact it would have on small “mom & pop” operators of vacation rentals, as well as the lack of certainty that the new rules would address the city’s perceived problems with vacation rentals.
Registration for non-barrier island vacation rentals will be accepted starting July 1, 2024, and no later than October 31, 2024.
If not registered by Jan. 2025, those vacation rentals will be in violation. All rentals must be registered. Please make sure to inform your clients who operate vacation rentals of these proposed changes, and the new timeline to register!
NEW PRELIMINARY FEMA FLOOD MAPS WILL IMPACT SARASOTA COUNTY PROPERTY OWNERS
FEMA is rolling out new flood insurance rate maps (FIRMS) that could impact your client’s insurance requirements and premiums, due to a myriad of factors, including new construction, growth, environmental considerations, floodplains changing and shifting, alterations to local watersheds, and flood risk changes over time. Sarasota County has created a website to assist Realtors® and property owners in
navigating these changes. Also, there will be an “open house” via Zoom where County officials will answer questions about the proposed changes on March 13 from 5:00-6:00 p.m. To register for the Zoom, contact Steve Bell at Sarasota County Government at 941-8616615.
Please take a look at this site for important information: FEMA Flood Map Changes - SRQ. On this site and at the virtual town hall in March, you can find information on how to dispute and appeal new maps with FEMA, learn information about how you could possibly save your clients money on insurance before the preliminary FIRM is adopted, and much more.
CITY OF BRADENTON NEEDS REALTORS® INPUT
The City of Bradenton wants to hear how you use and experience the city. The information the city collects will be vital for future planning and community development, and as we know, Realtors® are on the front lines of the community. You all know where we’ve been and where we’re going. What do you like about the city? What do you dislike? What do you want to see in the future? All of these questions are on the table as the city and community create a vision for the future. Please head to this link HERE to be part of the process! •
GOVERNMENT AFFAIRS
16 | ELEVATE [ MARCH 2024 ]
Market Shifts and Buyer Leverage in the Sarasota and Manatee Housing Market
By: Brandon Gay, RASM Communications Director
The housing market in January 2024 mirrors the trends observed in the latter half of 2023, as per data released by Florida REALTORS® and analyzed by the REALTOR® Association of Sarasota and Manatee (RASM). January saw a continued uptick in the months supply of inventory and a rise in median time to contract, indicating a gradual shift towards a more balanced market, favorable to buyers.
“As we witness sustained growth in inventory levels, it’s important to recognize that we are still below the levels represented in Q1 of 2019,” said Tony Barrett, 2024 RASM President and Broker/ Owner at Barrett Realty. “The transition towards a more normalized, higher inventory market presents advantages for buyers, offering them increased leverage in negotiating prices, repairs, and closing cost credits.”
Both Sarasota and Manatee counties experienced an uptick in median sales prices. In Sarasota County, the median sale price for single-family homes increased by 16.3 percent to $535,000, and in Manatee County, median prices increased by 3.8 percent to $525,000. The median sale price for Sarasota County condos increased by less than one percent to $420,000 and increased by 3.8 percent to $357,990 for Manatee County condos.
Across the two-county region, closed sales increased year-over-year by 14.9 for single-family homes and increased by 1.3 percent for condos. Single-family homes in Sarasota County witnessed an 18.5 percent increase in closed sales, while condo sales decreased by 4.6 percent. Meanwhile, closed sales in Manatee County saw a respective increase of 10.9 percent and 8.8 percent for single-family homes and condos.
The total number of active listings on the market almost doubled when compared to the previous year, providing buyers with a wider array of options. In Sarasota County, active inventory for single-family homes increased by 75.4 percent to 3,135 listings and the condo supply increased by 124 percent to 1,985
listings. Active listings for single-family homes in Manatee County increased by 33.3 percent to 2,420 listings, and increased by 79.4 percent for condos, with 1,340 listings.
Months supply of inventory (MSI) continued its upward trajectory across both counties. The MSI for single-family homes was at 4.9 months in Sarasota County and 3.9 in Manatee County, a year-over-year increase of 75 percent and 21.9 percent, respectively. The condo market reached new records for both Manatee and Sarasota County. There was a 6.2-month supply of Sarasota condos, which was last reported in April of 2019 and there was a 5.6-month supply of Manatee condos, which has not been reported since February of 2013. This is a year-over-year increase of 129.6 percent and 75 percent, respectively.
The median time to contract for Sarasota County averaged 38 days, marking a 58.3 percent increase from the previous year. In Manatee County, houses and condos remained on the market for approximately 41 days before going under contract, reflecting a 41.3 percent increase from January 2023.
Looking ahead, Tony Barrett commented, “In the coming months, potential shifts in interest rates and insurance costs could reshape the market dynamics. Should interest rates decrease and insurance costs follow suit, we may anticipate a resurgence of buyers entering the market once again.”
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 | 17
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) 83 Days 3,135 1,787 74 Days 12.2% 75.4% 655 666 -1.7% 1,196 858 39.4% January 2024 January 2023 Percent Change Year-over-Year 487 411 18.5% 260 188 38.3% $535,000 $459,999 16.3% $792,062 $674,468 17.4% $385.7 Million $277.2 Million 39.2% 95.2% 95.2% 0.0% 40 Days 29 Days 37.9% Months Supply of Inventory 4.9 2.8 75.0% 815 1,057 -22.9% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 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 2020 2021 2022 2023 $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
Monthly Market Summary - January 2024
2020 2021 2022 2023 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 18 | ELEVATE [ MARCH 2024 ]
Sarasota County Single-Family Homes
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) 86 Days 2,420 1,816 81 Days 6.2% 33.3% 605 630 -4.0% 1,033 781 32.3% January 2024 January 2023 Percent Change Year-over-Year 408 368 10.9% 146 132 10.6% $525,000 $505,710 3.8% $735,836 $650,544 13.1% $300.2 Million $239.4 Million 25.4% 96.2% 95.4% 0.8% 35 Days 32 Days 9.4% Months Supply of Inventory 3.9 3.2 21.9% 836 1,023 -18.3% 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 2020 2021 2022 2023 $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 Manatee County Single-Family Homes 2020 2021 2022 2023 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 myRASM.com | 19
Monthly Market Summary - January 2024
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) 79 Days 1,985 886 62 Days 27.4% 124.0% 337 354 -4.8% 728 551 32.1% January 2024 January 2023 Percent Change Year-over-Year 209 219 -4.6% 149 139 7.2% $420,000 $417,500 0.6% $722,730 $665,366 8.6% $151.1 Million $145.7 Million 3.7% 95.5% 97.1% -1.6% 35 Days 19 Days 84.2% Months Supply of Inventory 6.2 2.7 129.6% 576 628 -8.3% 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 2020 2021 2022 2023 $0K $100K $200K $300K $400K $500K $600K 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
2020 2021 2022 2023 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 20 | ELEVATE [ MARCH 2024 ]
Monthly Market Summary - January 2024
Sarasota County Townhouses and Condos
Monthly Market Summary - January 2024
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) 92 Days 1,340 747 70 Days 31.4% 79.4% 237 264 -10.2% 538 390 37.9% January 2024 January 2023 Percent Change Year-over-Year 185 170 8.8% 115 83 38.6% $357,990 $345,000 3.8% $441,573 $392,332 12.6% $81.7 Million $66.7 Million 22.5% 94.7% 96.0% -1.4% 47 Days 26 Days 80.8% Months Supply of Inventory 5.6 3.2 75.0% 300 369 -18.7% 0 200 400 600 800 1,000 1,200 1,400 1,600 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 2020 2021 2022 2023 $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
Townhouses
Condos 2020 2021 2022 2023 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 myRASM.com | 21
Manatee County
and
RASM Team Member Updates
RASM happily recognizes the workplace anniversaries of our professional staff.
Jessica Montague, Membership Director, celebrates her ninth anniversary with RASM in March. She oversees the Realtors® memberships and all associated services, including meticulously maintaining the membership database, processing applications, transfers, and more. Jessica is also the Staff Liaison for the RASM Business Partners and Scholarship Committees.
Jessica greatly enjoys interacting with the members and feels that every day brings something new and exciting. She also loves her RASM coworkers. Jessica finds fulfillment in various interests, including reading, attending concerts, and cherishing moments with her two vibrant teenagers.
Tiffany Chamberlain, Financial Administration Coordinator, celebrates nine years with the association this month.
Tiffany works with the many day-to-day accounting functions and responsibilities at RASM and helps to ensure that accounting services run smoothly and efficiently.
Tiffany loves the family atmosphere that RASM embodies. She also loves the members and RASM staff and genuinely feels appreciated.
When not at the office, Tiffany enjoys spending her free time with her husband and their three amazing kids (daughter Zoey, age 8; son Blaze, age 5; and three-year-old daughter Skylar).
She also enjoys going to the beach, relaxing outdoors, reading, and spending quality time with her family and friends.
Denise Ricciotti, Professional Development Manager, celebrates her four-year anniversary with the association this month. Denise works to bring new and exciting education, training, and programming to our members. She also works as the liaison to several committees, including Professional Development, the Leadership Academy, the Global Business Council, and the Realtor® Attorney Joint Committee. During her four years at the association, she is proud to have earned her CIPS, AHWD, and GREEN designations.
In her free time, Denise enjoys exploring local restaurants, bike riding on the Legacy Trail, reading, and working with charities. She also enjoys spending time with her husband, two daughters, and their rescue dog, Jaxson. •
RASM NEWS
22 | ELEVATE [ MARCH 2024 ]
International Buyers Guide to U.S. Real Estate
By: Benjamin Nathan, PA. SRS, Realtor®
It’s not a secret that investing in real estate is rising across the United States. Foreign buyers’ purchasing of Florida residential real estate increased to $53.3 billion in 2023 compared to $19.4 billion in 2016. Florida remains the top destination for foreign buyers, accounting for 23% of all international purchases.
Generally, the U.S. is friendly to international buyers, and the process is equal for U.S. residents. However, there are some basic practices that all foreign buyers should understand before investing. Credit checks, financing, and tax policies will differ for foreign buyers.
WHAT FOREIGN INVESTORS SHOULD KNOW
In the U.S., most real estate agents secure an exclusive right-to-sale listing agreement, and properties are posted to the Multiple Listing Service (also known as the MLS), allowing active listings to be available to all agents. This differs from European countries, where it’s common practice for agents to have open listing agreements; in these situations, buyers go from agency to agency when searching for the ideal property.
Before purchasing a home in the U.S., foreign buyers must be ready to prove their identity. Although they don’t need U.S. citizenship, they need an Individual Taxpayer Identification Number. The Internal Revenue Service (IRS) assigns this number to foreign nationals who must file income tax returns. Foreign buyers need a valid passport or several photo identifications, such as a driver’s license, to verify their identity and country of origin. Though real estate ownership isn’t tied to immigration or visa status, there are rules about how long foreigners can stay in the U.S. Generally, foreign investors can stay about six months per year.
FUNDING THE TRANSACTION
Nowadays, banks can offer mortgages to foreign buyers, but they usually require a relationship with the customer beyond just the mortgage. Some banks, such as HSBC (which offers financing options to many
foreign homebuyers), require that international buyers hold a $100,000 deposit with the bank. Generally, foreign buyers can obtain financing for properties with a 30% down payment. However, banks also want 12 months of reserves to cover the mortgage payments, maintenance fees, and taxes in addition to the $100,000 mentioned above.
From securing real estate loans to calculating FIRPTA tax withholdings, there is a great learning curve for any investor entering the U.S. real estate market. It is in the best interest of foreign investors to work with a local real estate agent who understands international buyers’ complexities and financial needs.
WHERE SHOULD FOREIGNERS INVEST?
While real estate in prime markets like Miami and Manhattan is expensive and vulnerable to the IRS, places like Southwest Florida are a very smart investment. Foreign real estate investors will yield higher returns here in Florida. To put things in perspective, the London and Hong Kong real estate market is about 50% more expensive than Manhattan. That said, investing in Florida real estate is an excellent way for international investors to keep their money safe (and appreciating). •
GLOBAL BUSINESS COUNCIL
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The Strategy to Success: How to Survive Tough Markets
By: Nicolas Mora, Broker/Owner, Streampoint Realty
Defining success as a real estate professional isn’t just about closing deals; it’s about crafting compelling solutions that resonate with your clients. With over 200,000 real estate professionals licensed in Florida, simply having access to the Multiple Listing Service will not equate to a sustainable career. For agents to have long-lasting and prosperous careers, they must focus their efforts on anticipating their client’s concerns to generate value-added solutions. By implementing this solution-driven approach, your clients will recognize you not as a salesperson, but as a real estate professional with a consultancy-like mindset. This professional distinguishment requires a well-defined strategy crafted by the combination of your greatest strengths and your clients’ greatest concerns.
THE CUSTOMER’S COMPELLING STORY: UNVEILING THE HEART OF REAL ESTATE
There’s no better way to develop a successful strategy than to begin with the customer in mind. It’s no secret that real estate agents are only paid when a property is sold. However, reaching the closing table requires real estate professionals to identify the needs of their clients. This identification process must go beyond finding, financing, or inspecting a property and align more closely with the client’s underlying motives. The most observed motives shared by both buyers and sellers are classified as the “Five D’s” of real estate: Diplomas, Diamonds, Diapers, Divorce, and Death. By taking a moment to anticipate the underlying motivation of a buyer or seller, real estate professionals can build long-lasting relationships and create strategies guided by their client’s greatest concern.
AN INTERNAL PERSPECTIVE: GLANCING IN THE MIRROR
Since most buyers and sellers share an underlying motivation, real estate professionals can create solution-driven strategies tailored to their skill set.
Separating strengths from weaknesses is important, however, real estate professionals should filter strengths between those that are energizing and those that are draining. This distinguishment is the key to creating a highly effective, yet sustainable, business strategy that will support your efforts during challenging markets.
SUCCESSFUL STRATEGIZING: BUILDING THE BLUEPRINT FOR SUCCESS
After identifying your greatest strengths, the real work begins with strategy development. Setting a well-defined goal that is achievable and measurable is critical to any successful strategy. To achieve this goal, and your overall strategy, it’s important to create action items that are detailed, yet obtainable. For example, an action item to farm a specific neighborhood may assist in achieving more listings; however, this action lacks clarity. There is no clear duration of time or effort related to the task. Instead, action items should have set timelines and be within your reasonable capabilities. By breaking down our goals into manageable tasks, we can measure the level of impact we make towards our goal.
INCREMENTAL IMPROVEMENTS: NURTURING GROWTH THROUGH CONTINUOUS LEARNING
The importance of setting timelines for our actions is not only for measurable impacts toward success. Timelines also play a pivotal role in refining our efforts, goals, and strategy. For example, if after farming a neighborhood, you receive zero communication from homeowners, you may have to adjust your approach. Perhaps this neighborhood is relatively new, and homeowners aren’t willing to sell. Maybe the content or quality of your marketing material did not resonate with them enough for them to trust your professional insights. Regardless of the reasoning, without timelines, you risk making a poor investment of your time and money towards an unprofitable strategy. By understanding the customer’s compelling story, charting a strategic course, and embracing continuous improvement, agents can not only win more listings and gain more leads but also leave a lasting imprint on the hearts of their clients. •
YOUNG PROFESSIONALS NETWORK
24 | ELEVATE [ MARCH 2024 ]
Indigo at Lakewood Ranch
By: Stacy & Kirk Weingarten, Executive Vice President at ROVI Homes
The Ind igo neighborhood, built by Neal Communities in Lakewood Ranch, FL, epitomizes suburban charm with a touch of luxury.
Nestled in the heart of Manatee County, this community boasts a rich history dating back to its establishment in the early 2000s as part of the master-planned development of Lakewood Ranch. Its prime location offers residents easy access to Sarasota and Bradenton, renowned for their cultural attractions, pristine beaches, and vibrant dining scenes.
Homestyles in Indigo range from spacious singlefamily residences to elegant villas, showcasing modern designs and upscale finishes. The average home prices typically fall within the mid-to-high range, reflecting the desirability of the neighborhood and its amenities.
Residents of Indigo enjoy a plethora of nearby attractions, including championship golf courses, scenic nature trails, Bob Garner Park, and recreational facilities such as Premier Sports Campus. The community also features its own lifestyle Director and resort-style amenities, including a clubhouse, two pools, a fitness center, a bocce ball court, pickleball courts, and a playground, fostering a sense of community and active lifestyle among its residents.
With its blend of luxurious living, convenient location, and access to top-notch amenities, the Indigo Neighborhood stands as a premier destination for those seeking an upscale yet laid-back lifestyle in the Sarasota and Manatee areas. •
NEIGHBORHOOD SPOTLIGHT
myRASM.com | 25
$150 INDIVIDUALS
$450 FOURSOME
Whether you’re a rookie or an expert, all are welcome to learn, shoot, and compete at the 8th Annual Sporting Clays Tournament hosted by RASM’s Commercial Real Estate Alliance. Registration includes cart, lunch, ammunition and shells, ear protection, instructors, and gun rentals. Proceeds benefit: Heroes Welcome Home and RASM Realtors Charitable Foundation. ®
HOSTED BY
ANNUAL CREA
TOURNAMENT
SCHEDULE
REGISTRATION 8:15 AM - 9:15 AM
SAFETY COURSE 9:15 AM - 9:30 AM
SHOTGUN START 9:30 AM
LUNCH & AWARDS 12:00 PM - 1:00 PM
EVENT CONCLUDES 1:00 PM
Questions?
Leah DeCesare, Events Director
941-952-3415 | leah@myrasm.com
BENEFITING
3445 RUSTICRD
Ready to rock? C2EX can help you take it to the next level.
Amp up your career at C2EX.realtor
REALTORS ® COMMITMENT TO EXCELLENCE
myRASM.com | 27
Utilizing AI in Real Estate: Enhancing Efficiency for Agents, Buyers, and Sellers
By: Brittany Geiman, PLLC, Realtor®, Keller Williams On The Water Sarasota
Ar tificial Intelligence (AI) has revolutionized the real estate industry, empowering agents with advanced tools and technologies to streamline their tasks and enhance productivity. By leveraging AI-driven solutions, agents can optimize their workflow, improve decision-making, and provide enhanced services to clients. On the user end, buyers and sellers are able to utilize AI to improve their real estate transactions in various ways. Let’s dive into some of the ways you can use AI for your business and clients:
Lead Generation and Prospecting: AI-powered systems enable real estate agents to identify potential leads and prospects more efficiently. By analyzing large datasets, including online inquiries, social media interactions, and property listings, AI algorithms can identify individuals showing interest in buying or selling properties. These systems can also provide valuable insights into demographic information, preferences, and behaviors, aiding agents in tailoring their marketing strategies to target specific audiences effectively.
Customer Relationship Management (CRM): AI-assisted CRM platforms have transformed the way agents manage their client relationships. These systems can collect and analyze vast amounts of data, including past interactions, property preferences, and transaction history, to create comprehensive client profiles. By leveraging AI, agents can automate communication, personalize client interactions, and provide timely updates on property listings and market trends. AI also enables agents to identify potential upselling or cross-selling opportunities, enhancing customer satisfaction and loyalty.
Market Analysis and Predictive Modeling: AI empowers real estate agents with advanced market analysis and predictive modeling tools. By analyzing historical data, current market trends, and economic indicators, AI algorithms can generate accurate forecasts and insights. This enables agents to make informed decisions regarding property pricing, investment opportunities, and market timing. AI-driven predictive models can also assist agents in identifying emerging trends, potential demand fluctuations, and market risks, thereby guiding their strategic planning and decisionmaking processes.
Contract and Document Management: AI offers significant benefits to real estate agents in terms of contract and document management. AI-powered platforms can automate the process of drafting contracts, ensuring accuracy and compliance with legal requirements. These systems can also analyze contracts and legal documents, flagging potential risks and discrepancies. By automating these tasks, agents can save time, reduce errors, and enhance efficiency in handling legal paperwork, enabling them to focus on more critical aspects of their business.
Virtual and Augmented Reality: AI-driven virtual and augmented reality technologies have transformed the way real estate agents showcase properties to clients. These immersive experiences allow potential buyers to virtually tour properties, visualize renovations, and experience the ambiance of a space before physically visiting it. Agents can leverage AI-powered platforms to create virtual property tours, enhancing their marketing efforts and providing clients with a more interactive and engaging experience.
Enhanced Property Search and Recommendation Systems: AI-powered algorithms have revolutionized property search and recommendation systems, benefiting both agents and buyers. AI algorithms can analyze vast amounts of data, including property listings, buyer preferences, and market trends, to generate accurate and personalized recommendations. This functionality saves agents time by narrowing down options for potential buyers, allowing them to focus on more specific properties. Likewise, buyers benefit from AI-driven systems that match their preferences with suitable properties, streamlining their search process.
Improved Property Valuation: AI algorithms are capable of analyzing multiple variables, such as property features, market conditions, historical data, and comparable sales, to provide accurate property valuations. This benefits both sellers and buyers. Sellers can benefit from AI-powered valuations to determine an optimal listing price, ensuring a competitive yet realistic market value. Buyers, on the other hand, can rely on these automated valuations to assess the fairness of property prices, aiding in informed decisionmaking. •
PROFESSIONAL DEVELOPMENT COMMITTEE
28 | ELEVATE [ MARCH 2024 ]
Intro to Contracts: Boosting Confidence at the Closing Table
By: Denise Ricciotti, RASM Professional Development Manager
Real estate contracts are the backbone of property deals, and understanding them is vital. In the world of real estate, knowledge truly is power, as any oversight or misunderstanding in a contract can lead to significant, costly consequences.
That’s why RASM offers free monthly classes led by expert attorneys, covering every aspect of the residential contract. These sessions empower agents to navigate the contract with confidence and clarity. For agents aiming to excel in the real estate market, these classes are a must. Mark your calendars for our next sessions on March 13, April 11, and May 13 to increase your level of your contract knowledge and approach the closing table with greater confidence.
Plus, RASM goes the extra mile with a free class on March 18, “Breaking It Down: How Commercial Contracts Differ From Residential.” This resource highlights key differences, ensuring agents are wellprepared for any transaction.
REALTORS® NEWLY DESIGNATED & CERTIFIED
Accredited Buyer’s Representative (ABR®)
Veronica R. Caron, Caron Realty Inc.
Dian Aristya Hapsari, Preferred Shore
George Raju, NextHome In The Sun
C2EX
David Hall, Compass Florida LLC
Tammy Annette Pogar, Wagner Realty
CWS
Cindy A. Greco, Wagner Realty
Eileen Patricia Saunders, Michael Saunders & Company
Graduate, REALTOR® Institute (GRI)
Jessica Pierce, Wagner Realty
Military Relocation Professional (MRP)
Carla Michele Blethen, Leslie Wells Realty, Inc.
Michael Kevin Grant, Florida Dream Team
Realty Services LLC
Robert Minor, Michael Saunders & Company
Debra Petritsch, Keller Williams On The Water Sarasota
Pricing Strategy Advisor
Arlene Buckmaster, HouseMax Realty LLC
Seniors Real Estate Specialist® (SRES®)
John B Kelly, Keller Williams Realty Select
Hope E. Poole, Leslie Wells Realty, Inc.
Karen Elaine Whalen, Keller Williams On The Water Sarasota •
PROFESSIONAL DEVELOPMENT
myRASM.com | 29
MARCH & APRIL 2024
CALENDAR OF EVENTS
FRIDAY, MARCH 1
9:00 a.m. CREA Marketplace South
TUESDAY, MARCH 5
9:00 a.m. 14 HR CE (Day 1 of 2) NNorth
1:00 p.m. CIPS: Local Markets (Day 1 of 2)
Online
WEDNESDAY, MARCH 6
9:00 a.m. 14 HR CE (Day 2 of 2) NNorth
1:00 p.m. CIPS: Local Markets (Day 2 of 2)
Online
THURSDAY, MARCH 7
8:30 a.m. Women’s Leadership Summit tSouth
1:00 p.m. FR Legal Hotline: Top 10 FAQs Online
FRIDAY, MARCH 8
8:30 a.m. CREA Marketplace tSouth
WEDNESDAY, MARCH 13
1:30 p.m. Intro to Contracts tSouth
THURSDAY, MARCH 14
8:45 a.m. YPN Trolley Tour: Golf Communities tSouth
FRIDAY, MARCH 15
9:00 a.m. CREA Marketplace tSouth
MONDAY, MARCH 18
2:00 p.m. Commercial vs. Residential Contracts NNorth
TUESDAY, MARCH 19
11:30 a.m. Commerical Lenders Panel tSouth
1:00 p.m. CIPS: Asia/Pacific (Day 1 of 2)
iOnline
1:30 p.m. New Member Orientation tSouth
WEDNESDAY, MARCH 20
1:00 p.m. CIPS: Asia/Pacific (Day 2 of 2) Online
FRIDAY, MARCH 22
8:15 a.m. CREA Sporting Clays Tournament iSarasota Gun Club
9:00 a.m. CREA Marketplace tSouth
MONDAY, MARCH 25
8:30 a.m. SRES: Senior Real Estate Specialist (Day 1 of 2) NNorth
TUESDAY, MARCH 26
8:30 a.m. SRES: Senior Real Estate Specialist (Day 2 of 2) NNorth
FRIDAY, MARCH 29
9:00 a.m. CREA Marketplace tSouth
MONDAY, APRIL 1
1:00 p.m. CIPS: The Americas (Day 1 of 2) iOnline
TUESDAY, APRIL 2
1:00 p.m. CIPS: The Americas (Day 2 of 2) iOnline
THURSDAY, APRIL 4
9:00 a.m. Fair Housing iOnline
11:30 a.m. How to Double Your Listings in 2024 tSouth
FRIDAY, APRIL 5
9:00 a.m. CREA Marketplace tSouth
9:30 a.m. CE: Crypto What? iOnline
MONDAY, APRIL 8
8:00 a.m. GRI 201 (Day 1 of 2) tSouth
TUESDAY, APRIL 9
8:00 a.m. GRI 201 (Day 2 of 2) tSouth
10:00 a.m. Fair Housing for All Online
THURSDAY, APRIL 11
9:00 a.m. New Member Orientation NNorth
1:30 p.m. Intro to Contracts NNorth
FRIDAY, APRIL 12
9:00 a.m. CREA Marketplace tSouth
TUESDAY, APRIL 16
11:30 a.m. CREA Lunch & Learn tSouth
MONDAY, APRIL 22
8:00 a.m. GRI 202 (Day 1 of 2) tSouth
TUESDAY, APRIL 23
8:00 a.m. GRI 202 (Day 2 of 2) tSouth
9:00 a.m. Business Partner Orientation NNorth
FRIDAY, APRIL 26
9:00 a.m. CREA Marketplace tSouth
TUESDAY, APRIL 30
9:00 a.m. Intro to Commercial Real Estate NNorth
2:00 p.m. Dealing with an Inflationary Market NNorth
Registration is requested. See event calendar at: myrasm.com/calendar
CALENDAR
South 2320 Cattlemen Road, Sarasota, FL 34232 North 2901 Manatee Ave W, Bradenton, FL 34205 Hybrid Class offered online or at specified location Online Class is only offered through webinar. Other Class or event is offered off site.
KEY:
30 | ELEVATE [ MARCH 2024 ]
UPCOMING CLASSES
UPCOMING CLASSES
Learn more at myrasm.com/calendar to register.
14 HR CE
Tues., Mar 5 - Wed., Mar 6 9:00 a.m. - 5:00 p.m. [ North ]
This session provides the full 14-hours of continuing education for license renewal, including 3 hours of Core Law, 3 hours of Business Ethics, and 8 hours of Specialty Credit. Members $89. 14 CE HRS.
CIPS: LOCAL MARKETS
Tues., Mar 5 - Wed., Mar 6 1:00 - 4:30 p.m. [ Online ]
This course offers students an overview of the international real estate business environment, including capital flow, currencies, government regulations and cultures. Members $125. 6 CE HRS
TOP 10 FAQS: FLORIDA REALTORS® LEGAL HOTLINE
Thursday, March 7 1:00 - 3:30 p.m. [ Online ]
For this class, Florida REALTORS® Associate General Counsel, Joel Maxson, has compiled a list of the top 10 most frequently asked questions for the Legal Hotline. Members $10. 2 CE HRS.
INTRO TO CONTRACTS
Monday, March 13 1:30 - 4:30 p.m. [ South ]
Learn the basic elements of a real estate contract and stay up to date on your knowledge. Members Free.
YPN TROLLEY TOUR: GOLF COMMUNITIES
Thursday, March 14 8:45 a.m. - 12:30 p.m. [ South ]
Hop on the trolley and tour different golf communities and their amenities in Sarasota County. YPN Members $5. Non-YPN Members $10.
COMMERCIAL VS. RESIDENTIAL CONTRACTS
Monday, March 18 2:00 - 3:30 p.m. [ North ]
Students will gain a solid foundation in understanding the legal, practical, and strategic differences between commercial and residential contracts. Members Free.
COMMERCIAL LENDERS PANEL
Tuesday, March 19 11:30 a.m. – 1:00 p.m. [ South ]
A panel of commercial real estate and lending professionals will cover the latest on what they’re seeing in the market, how this market relates to past market fluctuations, and best practices to know.
CREA Members FREE. Non-CREA Members $5.
CIPS: ASIA/PACIFIC
Tues., Mar. 19 - Wed., Mar. 20 1:00 - 4:30 p.m. [ Online ]
This CIPS course address real estate practices in Asia and the Pacific with emphasis on cultural influences, economic trends, and assessments of investment opportunities. Members $125. 6 CE HRS.
CREA SPORTING CLAYS TOURNAMENT
Friday, March 22 8:15 a.m. - 1:00 p.m. [ Sarasota Gun Club ]
Join CREA for their annual Sporting Clays Tournament and enjoy a fun day of friendly competition while networking and raising money for charity. Foursome $450. Individual $150.
SRES: SENIOR REAL ESTATE SPECIALIST
Mon., Mar. 25 -Tues., Mar. 26 8:30 a.m. – 5:00 p.m. [ North & Online ]
The SRES® designation is for Realtors® who want to meet the special needs of maturing Americans when selling, buying, relocating, or refinancing residential or investment properties. Members $75. 7 CE HRS.
CIPS: THE AMERICAS
Mon., Apr. 1 - Tues. Apr. 2 1:00 – 4:30 p.m. [ Online ]
The Americas and International Real Estate course offers students practical information on working with clients from the Caribbean, North, Central, and South America. Historical and cultural influences, regional relationship, and investment opportunities are covered. Members $125. 6 CE HRS.
Designation or Certification Courses [ Continued on page 34] myRASM.com | 31
UPCOMING CLASSES CONTINUED
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, March 6 10:00 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, March 6 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, March 6 2:30 - 3:45 p.m. [ South ]
This class is mandatory for agents who will be adding and modifying listings in the MLS. We walk through the process of gathering listing data, entering listings into the MLS, adding photos and attachments, and modifying listings, and share tips in the listing entry process. •
S E R I E S 1 0 0 S T A N D A R D S O F P R A C T I C E J A N 1 0 - 1 1 J A N 2 4 - 2 5 F E B 7 - 8 S E R I E S 2 0 0 E S S E N T I A L R E A L E S T A T E T E C H N I Q U E S A P R 8 - 9 A P R 2 2 - 2 3 S E R I E S 3 0 0 R E A L E S T A T E S P E C I A L T I E S J U N E 4 - 5 J U N E 2 5 - 2 6 S E R I E S 1 0 0 S T A N D A R D S O F P R A C T I C E J U L Y 3 0 - 3 1 A U G 1 2 - 1 3 A U G 2 7 - 2 8 2 0 2 4 D A T E S E N H A N C E K N O W L E D G E E N H A N C E K N O W L E D G E I M P R E S S C O N S U M E R S I M P R E S S C O N S U M E R S G A I N C O N F I D E N C E G A I N C O N F I D E N C E E A R N Y O U R G R I > 32 | ELEVATE [ MARCH 2024 ]
RASM MEMBERS NOW WITH
RASM Membership Update
By: Jessica Montague, Member Services Director
Mette Milland, Michael Saunders & Company
Kaisen Shawn Mitchell, Coldwell Banker Realty
Elaine Kaye Adair, NextHome Excellence
Patrick Adam Allard, Team Allard Realty LLC
Tracy Anderson, Preferred Shore
Joan Armon, Barrett Realty, Inc.
Annabelle Bennett, Anna Maria Island Beaches RE
Zachary Neil Bliss, Lights on Realty
Colton Evan Brantley, KW Suncoast
Michelle P. Brenner, Keller Williams Realty Select
Riccardo Bumbaca, Azzurro Realty
Kevin Burbank, Fathom Realty FL, LLC
Angela Marie Byers, Marcus & Company Realty
Glenn David Callaghan, Century 21 Integra
James C. Carpenter, EXP Realty, LLC
Coy Carter, Preferred Shore
Ernest J. Casali, Florida SunCoast Real Estate I
Patricia L. Chandler, Premier Sothebys Intl Realty
Cindy Melany Chavez Thornton, EXP Realty, LLC
Deborah M. Ciomei, Coldwell Banker Realty
Gregory Claxton, Preferred Shore
Sean Collier, Century 21 Integra
Donna Suzanne Deloach, Premier Sothebys Intl Realty
Sonia Dillon, Wagner Realty
Corbett S. Donovan, Preferred Shore
Erin M. Doran-Reid, Preferred Shore
Andrew John Doucett, Michael Saunders & Company
Brooke C. Doucett, Michael Saunders & Company
Jenna Drury, Keller Williams Classic Group
Michelle Duggan, Fathom Realty FL, LLC
Jeffrey Lee Edgerly, Michael Saunders & Company
Stephanie Anne Edgerly, Michael Saunders & Company
Robin Eekhof, Sarasota Land and Homes LLC
Yuliya V. Gaukhman, Medway Realty
Kevin Andrew Gerry, Marcus & Company Realty
Karma K. Gilchrist, Channell Real Estate & Investments
William Carlyle Givens, Dalton Wade Inc.
Michele Good, Marcus & Company Realty
Jill Ashley Gould, Exit King Realty
Vera Patricia A. Graca, Signature Premier Properties LLC
Kenneth A. Grant, Realty One Group Skyline
Inna Grigorov, MVP Realty Associates LLC
Grace Mary Guastella, Real Broker, LLC
Nahum Guerrero, LPT Realty, LLC
Gregory Scott Hanlin, Keller Williams Classic Group
Donata Hardison, Greco Real Estate
Lisa Jo Harris, Premier Sothebys Intl Realty
Lori M. Hilding, eXp Realty, LLC
Hannah Holmes, Keller Williams On The Water Sarasota
Charlene C. Horton, Michael Saunders & Company
Bryan Edward Howard, Harry Robbins Assoc Inc
Jesse Kelley, Coldwell Banker Realty
Sarah Kim, Keys To The Bay Real Estate
Marianne LeBar, Coldwell Banker Realty
Barbara Lenczowski, Dalton Wade Inc.
Jennifer L. McClendon, Preferred Shore
Jonathan Omar Molina, EXP Realty, LLC
David Wayne Muirhead, Preferred Shore
Renee Siegel Nadiv, William Raveis Real Estate
Vesla Nelson, Preferred Shore
Persefoni Nicolosi, Preferred Shore
Lisa Ann O’Hara, RoseBay International Realty, Inc.
Eva D. Oliva, Charles Rutenberg Realty Inc.
Ryan Olson, Real Broker, LLC
Lisa Otte, Douglas Elliman
Nicolette Owen Pfaff, Blakeley & Associates Realty
Elliott R. Owens, Coldwell Banker Realty
Albert G. Piecuch, Mapp Realty & Investment Co
Matthew Plucinski, EXP Realty, LLC
Hope E. Poole, Leslie Wells Realty, Inc.
Deanna L. Raczkowski, Keller Williams Classic Group
Claudia Ramos, LPT Realty, LLC
Jessica Y. Rangel Marrero, SRQ International Realty LLC
Gary Lee Ravan, ROVI
David John Renner, Preferred Shore
Patricia Ronderos, Fine Properties
Jose Rosado, United Nations Realty LLC
Shana Lynn Rosine, Fathom Realty FL, LLC
Kim Marie Rossi, Greco Real Estate
Ricardo Ruiz del Vizo, Preferred Shore
Jared Salzman, Charles Rutenberg Realty Inc.
William J. Santamaria, Preferred Shore
Angel Xavier Santana, Preferred Shore
Antonia Schemmel, Michael Saunders & Company
Jordan Scinta,Wagner Realty
Tamara Shaut, Medway Realty
Shuwan Shih, Dalton Wade Inc.
Tanya Slater, EXP Realty, LLC
Isabella Nell Strohschein, Florida SunCoast Real Estate
Faith Elizabeth Stutzman, Platinum Palm Properties
Joselyne A. Suazo, Preferred Shore
Audrey Hope Sullivan, Coldwell Banker Realty
Kevin Sullivan, Coldwell Banker Realty
Andrew Swartz, Berkshire Hathaway HomeServices
Florida Realty
Carter William Sysak, Fine Properties
Luis Tamayo, Preferred Shore
Spangle Taylor, LPT Realty, LLC
Anthony Lawrence Thomas, Wagner Realty
Kelly Thomas, Preferred Shore
Christine Jacqueline Tutko, Fine Properties
Ellen Ussio PA, The Real Estate Store
Teresa Sue West, Michael Saunders & Company
Helen F. Wiegman, Preferred Shore
Nicolas Wikoff, EXP Realty, LLC
Elizabeth Williams, LPT Realty, LLC
Christopher John Wiseman, Coldwell Banker Realty
Kimberly B. Wolf, Albert Wooster & Company
Terry Thomas Woolard, William Raveis Real Estate
MEMBERSHIP NEWS
[ Continued on page 36 ]
• myRASM.com | 33
NEW DESIGNATED REALTORS®
Patrick Adam Allard, Team Allard Realty LLC
Monica Angulo Villalobos, Paradisus Realty Group CO
Thiago Souza De Ataide, WRA Business & Real Estate
Andrew D. Dias, Andrew Dias, Broker
David Drewett, Drewett Real Estate
Thomas S. Hennerty, Netrealtynow.com
Julie C. Lalande, Refer A Customer LLC
Kenneth Duane Lemoine, Zenas Properties LLC
Robert Howard Matthews, Azzurro Realty
John K. Peirano, Florida Sunsets Realty LLC
Joseph Edwin Prokop, Prokop Realty Inc.
Madeline Rousseau, Keys To The Bay Real Estate
Steven Whitmore, Florida Gulfshores Realty LLC
NEW REALTORS®
Shannon Abbe, Coldwell Banker Realty
Kerri Acosta Swires, Berkshire Hathaway HomeService
Melanie Albaric, Michael Saunders & Company
Irene E. Anderson, Keller Williams On The Water S
Keri Andino, Fine Properties
Emmanuel Angel Gonzalez, Limitless Sky Real Estate LLC
Forest Layn Balderson, Coldwell Banker Realty
Sonja Behn, Showtime Realty
Victoria Billups, EXP Realty, LLC
Anna S. Bisher, Coldwell Banker Sarasota Cent.
Ronald Bisher, Coldwell Banker Sarasota Cent.
Amanda Bowe, Orquera Florida Investments
Jonell Lynette Bozeman, Preferred Shore
David Anthony Brylowski, W.I.T. Realty LLC
Mark Butler, Keller Williams On The Water
Ariela Carmona, Keller Williams On The Water
Sarasota
Uma Carper, Century 21 All Keys Inc
Van Ceu Cin, Keller Williams On The Water
Dana J. Collazo, Fine Properties
Lisa S. Cordell, Century 21 Integra
Michael Francis Cordell, Century 21 Integra
Anne G. Cormier, EXP Realty, LLC
Courtney Suzanne Creekbaum, Fine Properties
Jose A. Crespo, Keller Williams Classic Group
Christian Criola, Robert Slack LLC
Jeffrey DeJongh, Premier Sothebys Intl Realty
Kerri Dewit, Keller Williams On The Water
Patrice DiZebba, Coldwell Banker Realty
Douglas Alfred Dolliff, LPT Realty, LLC
Maria Catharina Du Toit, Brock Realty Inc.
Isabella Erickson, Keller Williams Classic Group
Nicholas Daniel Forsberg, SimpliHOM
JohnPaul Fortin, Michael Saunders & Company
Eduardo Resendiz Garcia, Keller Williams Realty
Select
Carly Gates, Home Zone Realty Inc.
Bradford Glover, EXP Realty, LLC
Laura Beth Gonzales, KW Suncoast
Nicholas Groeschel,William Raveis Real Estate
Donata Hardison, Greco Real Estate
David Oliver Heron, Coldwell Banker Realty
Glenn Hoffman, Better Homes & Gardens Real Es
Tasha Monique Jeanty, Robert Slack LLC
Christina Jenkins, Dalton Wade Inc.
Robert Jovanovski, Keller Williams Realty Select
Christopher Kiesel, EXP Realty LLC
Leonid Yefim Kotlyar, Fishman Group Realty LLC
Wendy Kramer, KW Suncoast
Chance Krimmert, Fathom Realty FL, LLC
Christine Yee Kumar, Charles Rutenberg Realty Inc.
Justin Liggett, Keller Williams On The Water Sarasota
Lilian D. Lozano, Keller Williams Realty Select
Tara Jean Marano, Coldwell Banker Realty
Laszlo Marsi, BHHS Professional Realty
Stanley Clark McEwen, Fine Properties
Kimberly Michelle McLain, KW Suncoast
Adam S. Miller, Real Broker, LLC
Jessica Ann Miller, Real Broker, LLC
Cheryl Lynn Miraglia, Luxury Homes of Florida, LLC
Zoe Mitchell, Keller Williams Realty Select
Monika J. Albert Kent, Wooster & Company
Gloria A. Monks, KW Suncoast
Michelle Morin, Realty One Group Skyline
Astin Moseley, Realty Solutions SRQ
Heather Nave, Preferred Shore
Douglas Neal, ROVI
Shea Novakovic, Realty Hub
Taylor Jeanine Owens, Keller Williams Realty Select
Niall Phelan, LPT Realty, LLC
Jeffrey A. Polster, ROVI
Amanda Jennifer Price, William Raveis Real Estate
Robert L. Price, ROVI
Emily Ragland, Keller Williams Island Life Re
Thomas Rutherford, SimpliHOM
Janelle Rydberg, Living Vogue LLC
Thomas Rydberg, Living Vogue LLC
Sophia Sanchez, Michael Saunders & Company
Bradley Serpico, Realty Hub
Norma Janete Sierra, KW Suncoast
Vladimir Skibitsky, Sarasota Global Realty
Megan Smith, Keller Williams On The Water S
Svetlana Sokolovskiy, Coldwell Banker Realty
Robert Sowul, Keller Williams Island Life Re
Robert Edward Stobaugh, Michael Saunders & Company
Jennifer Leigh Szink, Virgil Ray Mills LLC
Judy Tagarelli, EXP Realty, LLC
Michelle Taksen, Keller Williams On The Water S
James Tate, Berkshire Hathaway HomeService
Karen Rachelle Turner, Century 21 Integra
Giovanni Valentino, Keller Williams On The Water S
Tonia Williams Vickery, Showtime Realty
Jacob Wittmer, The Sunshine State Company
Christopher P. Wosniak, Skipper & Associates, Inc.
Liu Yang, Re/Max Platinum Realty
Christopher William Zalopany, Keller Williams On The Water Sarasota
Kara Zellers, Keller Williams Classic Group
MEMBERSHIP NEWS
[ Continued on page 37 ] 34 | ELEVATE [ MARCH 2024 ]
NEW BUSINESS PARTNERS
ATTORNEY’S TITLE FUND SERVICES
6408 Parkland Dr #105
Sarasota, Florida 34243
Representative: Kelsey Falcone
Email: kfalcone@thefund.com
Since 1948, The Fund has stayed true to the original Mission: supporting our real estate attorney Members in their protection of the public. Backed by the strength of Old Republic Title, only The Fund delivers next-level services, best-in-class education, and practice-enhancing resources to give our Members a competitive edge in Florida.
CLEAR PATH MORTGAGE SOLUTIONS
43 British American Blvd
Latham, New York 12110
Representative: Mike Rankin
Email: Mike@ClearPathMortgages.com
Loan products and programs to suit your unique financial situation.
COLONIAL MORTGAGE CORP
339 6th Avenue W Bradenton, Florida 34205
Representative: Tracy Tonitis
Email: tracy@colonialmortgagecorp.com
Colonial Mortgage Corp. provides the most professional mortgage services for the residents of Florida and North Carolina. We strive to make your experience with us the best you’ve ever had with a mortgage company, and our services to you are second to none.
CONCIERGE CLOSING
4964 Candlebush Circle Sarasota, Florida 34241
Representative: Jamie Black
Email: jamie@theconciergeclosing.com
At Concierge Closing, we understand the importance of making a lasting impression. We create memorable moments by conducting closings in the homes your clients are purchasing, accompanied by champagne and charcuterie. By partnering with Concierge Closing, you provide a level of luxury and personalization that sets you apart.
CURRENCIES DIRECT INC
4705 S Apopka Vineland Rd #114 Orlando, Florida 32819
Representative: Anne Schneider
Email: Anne.Schneider@currenciesdirect.com
If excellent exchange rates, friendly customer service and a simple process to move your money overseas is something you’re looking for, let’s talk.
FIFTH THIRD BANK - MORTGAGE
2035 Cattlemen Road
Sarasota, Florida 34232
Representative: Barry Shertzer
Email: Barry.Shertzer@53.com
Whether you’re looking to buy a home, refinance to save more money each month, or leverage your home equity, we’re here to help you take the next step toward your homeownership goals.
GILBERT DESIGN BUILD
6824 Professional Pkwy
Sarasota, Florida 34240
Representative: Jessica Gilbert
Email: jessica.g@gilbertdesignbuild.com
Serving and enriching lives by providing beautiful work, with care, on time and on budget. At Gilbert Design Build, we are obsessed with getting the details, even down to the very last nail, exactly right.
GOOD NEWS PEST SOLUTIONS
1080 Enterprise Court Ste A North Venice, Florida 34275
Representative: Adam Burnside
Email: david@goodnewspest.com
Pest Solutions With a Mission: Sure, we’re good at eradicating critters, but our vision extends beyond giving mosquitoes, termites, ticks, rodents, and other pests the ol’ heave-ho. We work to share the Good News by loving God, loving our neighbors, and respecting our beautiful planet with green solutions.
HIDDEN CREEK AT LAKEWOOD RANCH, FLORIDA
7720 Hidden Creek Lp #101 Lakewood Ranch, Florida 34231
Representative: Forest Balderson
Email: HiddenCreekLWR@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 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.
HOME WARRANTY INC
PO Box 1
Rock Rapids, Iowa 51246
Representative: Mark Doerr
Email: markd@homewarrantyinc.com
Home Warranty serves as an additional product source to a wide range of businesses including real estate agencies, utility companies, property management, mortgage lending, home inspection, financial planning, residential construction, and independent insurance agencies. We are committed to utilizing trusted, local servicers who can ensure a timely response to customer needs.
MEMBERSHIP NEWS
[ Continued on page 38 ] myRASM.com | 35
NEW BUSINESS PARTNERS CONTINUED
INTEGRITY TITLE SERVICES, INC
6311 Atrium Drive
Lakewood Ranch, Florida 34202
Representative: Bradley Moyer
Email: bmoyer@integrity-title.com
At Integrity Title Services, Inc., our mission is to be the industry’s leading title company by providing superior customer service. Our office will continually strive to set new standards of turn around time and focus our commitment toward our clients and the community in which we do business.
LEADERONE FINANCIAL
647 S. Commerce Ave
Sebring, Florida 34208
Representative: Michael Andrews
Email: michaelandrews@leader1.com
Looking for a simplified mortgage process? At LeaderOne Financial, we have personalized loan options that could save you time and money. I would be honored to help you get started on this journey. Reach out today to learn more!
METRO DEVELOPMENT GROUP
2502 North Rocky Point Drive
Tampa, Florida 33607
Representative: John Afflebach
Email: johna@metrodg.com
Since 2003 we have specialized in residential land development and master planned communities throughout Central Florida by partnering with trusted industry investors and award-winning homebuilders. Our portfolio includes more than 40,000 developed lots across more than 70 communities, all valued in excess of $3 billion.
MONEYLINE LENDING LLC
3913 Market St
Camp Hill, Pennsylvania 17011
Representative: Steve Gebhardt
Email: steve@moneylinemortgages.com
We make homeownership possible, so STOP RENTING! And stop making your landlord’s life easier than yours. Trust us, buying a home is easy, and instead of throwing away thousands of dollars each year, make the change and start putting it towards a place to call your very own.
PROMINENT TITLE
6400 Manatee Ave W
Bradenton, Florida 34209
Representative: Joseph Palacio
Email: Joseph.Palacio@ptagency.com
Prominent Title Agency was founded in 2004 by Debbie and Joe Brooks. Their goal was to provide a seamless closing experience with unparalleled customer service. Our team is comprised of knowledgeable title experts with more than 100 years of combined industry experience.
STEWART TITLE
2033 Main Street Suite 200
Sarasota, Florida 34237
Representative: Susan Hirtzel
Email: Susan.Hirtzel@stewart.com
We specialize in title insurance and related services required for settlement by the real estate and mortgage industries, provided by our family of companies and high quality network of Stewart policy-issuing offices. Our continued growth allows us to continue innovating and investing in key initiatives which propel us forward in the real estate space.
STORM ROOFING AND REPAIR, LLC
1016 67th St NW
Bradenton, Florida 34209
Representative: Barry Moffatt
Email: stormroofingandrepair@gmail.com
We are a small roofing company covering Bradenton, Sarasota, the Islands of Anna Maria, and Longboat Key for Manatee and Sarasota County. We specialize in all types of roofing repair including tile roof repair, shingle roof repair, flat roof repair, seal coatings, solar roof fans, and roof cleaning.
STRONG ROOFING
2740 Colorado Street
Sarasota, Florida 34237
Representative: Trey Martell
Email: strongroofingsrq@gmail.com
Strong roofing is committed to providing exemplary customer service and unequaled workmanship for all clients Strong Roofing partners with. Both licensed and insured, you can always count on Strong Roofing for speedy, reliable service when you need it most.
TAYLOR MORRISON
551 N. Cattlemen Road Ste 200 Sarasota, Florida 34232
Representative: Christina Magilson
Email: bs.anderson1520@gmail.com
At Taylor Morrison, we strive to go the whole nine yards, providing a seamless homebuying experience and building homes with heart. We are proud to be recognized as America’s Most Trusted® Home Builder nine years and counting, a testament to the trust our customers place in us every day.
THIRD EFFECT MARKETING AND DESIGN, LLC
13034 Peregrin Circle
Bradenton, Florida 34212
Representative: Nick DeCesare
Email: nick@thirdeffectmarketing.com
Building your company brand is about determining the things that make you different from every one else and shining a big bright spotlight on them. We help you explore, develop, distill and determine a distinctive brand essence, and create your visual identity and branding statement. •
36 | ELEVATE [ MARCH 2024 ]
2024 ANNUAL SPONSORS PLATINUM Carotti Engineering LeeWay Home Inspection, LLC GOLD SILVER BRONZE
www.myrasm.com • (941) 952-3400 2 counties 20 employees 15 directors 15 committees 470+ affiliates 9,000+ realtor® members #42 largest local association in united states RASM SOUTH 2320 Cattlemen Road, Sarasota, FL 34232 RASM NORTH 2901 Manatee Avenue W., Bradenton, FL 34205 #7 largest local association in florida tony barrett president debi reynolds president-elect david crawford vice president anita lambert treasurer brian tresidder past president 2024 LEADERSHIP TEAM FLORIDA REALTORS® PAC (2023) members invested in florida realtors® pac 5,020 $325,000 invested into rpac by rasm members in 2023 55 major investors MISSION 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 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. $75,000 donated to local charities in 2023 $174,000 raised for the foundation in 2023 $40,000 in scholarships awarded in 2023
For more detailed reports, visit myrasm.com/statistics PHONE: (941) 952-3400 FAX: (941) 952-3401 www.MyRASM.com EXPANDED REPORTS
and Manatee Counties January 2024 Reach Further With The Market.
Sarasota
Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price January 2024 January 2023 Percent Change Year-over-Year Traditional 486 411 18.2% $537,250 $459,999 16.8% Foreclosure/REO 1 0 N/A $438,000 (No Sales) N/A Short Sale 0 0 N/A (No Sales) (No Sales) N/A $0K $100K $200K $300K $400K $500K $600K $700K $800K 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 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 Monthly Distressed Market - January 2024
Single-Family Homes 2020 2021 2022 2023 2020 2021 2022 2023 40 | ELEVATE [ MARCH 2024 ]
Sarasota County
Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price January 2024 January 2023 Percent Change Year-over-Year Traditional 404 366 10.4% $525,000 $507,205 3.5% Foreclosure/REO 4 2 100.0% $599,288 $365,000 64.2% Short Sale 0 0 N/A (No Sales) (No Sales) N/A $0K $200K $400K $600K $800K $1000K $1200K $1400K $1600K 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 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 Monthly Distressed Market - January 2024 Manatee County Single-Family Homes 2020 2021 2022 2023 2020 2021 2022 2023 myRASM.com | 41
Sarasota County
Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price January 2024 January 2023 Percent Change Year-over-Year Traditional 209 218 -4.1% $420,000 $417,750 0.5% Foreclosure/REO 0 1 -100.0% (No Sales) $306,000 N/A Short Sale 0 0 N/A (No Sales) (No Sales) N/A $0K $100K $200K $300K $400K $500K $600K 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 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
Monthly Distressed Market - January 2024
Townhouses
Condos 2020 2021 2022 2023 2020 2021 2022 2023 42 | ELEVATE [ MARCH 2024 ]
and
Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price January 2024 January 2023 Percent Change Year-over-Year Traditional 184 169 8.9% $357,995 $345,000 3.8% Foreclosure/REO 1 1 0.0% $260,000 $355,000 -26.8% Short Sale 0 0 N/A (No Sales) (No Sales) N/A $0K $100K $200K $300K $400K $500K $600K $700K $800K 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 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 Monthly Distressed Market - January 2024 Manatee County Townhouses and Condos 2020 2021 2022 2023 2020 2021 2022 2023 myRASM.com | 43