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February is Black History Month! Each year, we celebrate Black History Month as it allows us to reflect, acknowledge, and honor the significant contributions of professionals and pioneers who have shaped our association and industry.

CLICK HERE to watch a powerful message from GLAR President Carter Martin, Jr. on Black History Month. You'll also access our landing page for Black History Month which showcases our industry trailblazers and leaders. You'll find out more about the state of Black homeownership, bold initiatives, educational resources, fun things to do around the city, and more!  
NAR Update Session for Members - March 7
Join us for an update on the National Association of REALTORS® (NAR) with our NAR Directors Lamont Breland, Will Fischer, and Carter Martin, Jr. 

During this session, you get an update on the NAR lawsuits, an overview of NAR's member and workplace culture concerns and what solutions are being put in place, as well as an understanding of NAR's history, structure, and leadership.  It is a great opportunity for members to ask questions and learn more directly from your representatives at the National level.

CLICK HERE to register through your members to attend.
Setting the Record Straight on Commissions
“NAR does not set commissions, and it never will." National Association of REALTORS® Interim CEO Nykia Wright addresses false claims about commissions in real estate. Learn how NAR makes efficient, transparent, and accessible marketplaces possible, serving consumers and advancing homeownership at www.competition.realtor .

WATCH WRIGHT'S STATEMENT HERE.

Nondeductible Dues Info for Your Taxes
The Tax Reform Act of 1993, as amended by the Tax Cuts and Jobs Act of 2017, made the portion of dues paid to organizations spent to lobby State and Federal governments nondeductible for income taxes, and requires that it be disclosed to members.

National Association of REALTORS® (NAR) computes 34% or $51.00 (of the $150.00 per member) to be nondeductible for the member’s income tax due to NAR’s lobbying efforts on behalf of its members. Note that the entire $45.00 Consumer Advertising Campaign special assessment qualifies as fully deductible. In addition, contributions (including member dues) to NAR are not tax deductible as charitable contributions. However, they may be tax deductible under other provisions of the Internal Revenue Code.

Kentucky REALTORS® (KYR) computes 7.93% or $11.50 (of the $145.00 per member) to be nondeductible for the member’s income tax due to KYR’s lobbying efforts on behalf of its members.

Greater Louisville Association of REALTORS® (GLAR) computes 6.47% or $13.07 (of the $202 per member) to be non-deductible for the member’s income tax due to GLAR’s lobbying efforts on behalf of its members. Note that the entire $275.00 for MSI dues and $537.60 for CIE dues are fully deductible.

 
ON THE CALENDAR
Military Veteran Housing Certification - March 12
In collaboration with the Veterans Association of Real Estate Professionals, we are offering the opportunity for GLAR members to obtain the VAREP Military Veteran Housing Certification. You will learn about the VA home loan program, as well as important topics including the VA loan history, military and veteran demographics, and tips on writing a great VA loan offer. Mastery of these topics will allow you to better serve the military and veteran families.

Instructor: Nathan Bellows & John Cissell
March 12, 2023 | 8:30-5:30 at GLAR
CE: 3 Law/5 Elective
PLE: 3 Finance/3 Fair Housing/2 Elective
Please email education@louisvillerealtors.com with any questions on this program.

Upcoming Zoom and In-person Classes at GLAR
Join us for a LIVE Zoom version of our popular class, Real Property Titled In Estate. This course taught by Cora Henderson covers common issues arising from a real estate transaction involving a trust or estate. Be able to identify the documentation that will be necessary to complete a real estate transaction involving a trust or estate. Know what to expect if you're the buyer's agent in a transaction where the seller is a trust or estate.

This course is also being held in-person at GLAR, so if you would like to register for the ZOOM class please be sure to register for the version that says "Zoom Live" before the course title. Check out our other February class offerings below and register on your member portal!

Upcoming Classes:
February 6 (9am-12pm) - Ethics & Law-Not Always the Same, Dennis Stilger
February 8 (9am-4pm) - Kentucky Core, Jenny Fields
February 21 (9am-12pm) - Common Defects & Water Damage, Eric Hay
February 22 (1-4pm) - Flexmls Training, Brittany Nickerson
February 27 (9am-12pm), NEW Class! Real Estate Marketing Tools & Practice, Sarah Gatewood
February 27 (1-4pm), Agency Law in Kentucky, Harry Borders
February 28 (9am-12pm), Real Property Titled In Estate, Cora Henderson (In-person and Zoom Live option)
February 29 (1-4pm), Transaction Desk, Adam Rowe
 
2024 National Land Conference in Louisville
The National Land Conference is the ultimate destination for land professionals who want to be face-to-face with the best in the business. Come for the camaraderie and the exchange of knowledge, experience, and referrals that only happens at NLC. #NLC24 will be held March 10 - 13 at the Hyatt Regency in Louisville, KY.  CLICK HERE  here to find out more and register.
 
MLS/TECH NEWS & UPDATES
Flexmls: Perfecting Your Preferences
Looking for ways to make your life easier? The General Preferences page (find this by searching "General Preferences" in the menu) in Flexmls offers many different settings that can save you time and effort when working in Flexmls.

  • Prepping for tax season and want to see your closed or sold listings for last year? Under the Listings tab, you can choose which statuses you want to see, as well as how far back they go, when viewing the My Listings page.

  • Trouble staying on top of your expiring listings? Under the Notifications tab, you can turn on a setting to receive an email notification when your listing is about to expire.

  • Want to customize your 1-click comparable search results to your local market? Adjust default filters under the Comparables tab.

  • Tiny fonts giving you trouble? Use the Search tab to change the font size of  search results in Quick Search.

    Recorded Training:
    Coffee Break: General Preferences
 
LEGISLATIVE UPDATE
Legislative Update Report
Legislative issues impact your real estate business every day! Our government affairs representatives are continually working to remain on top of issues that affect your profession.  READ the latest legislative report.
 
WEEKLY STATS
RESIDENTIAL SINGLE-FAMILY & CONDO
LISTINGS
Jan. 28 - Feb. 3, 2023 = 326
Jan. 28 - Feb. 3, 2024 = 333
YEAR-TO-DATE NEW LISTINGS
2023 = 1,621
2024 = 1,535
SOLDS
Jan. 28 - Feb. 3, 2023 = 200
Jan. 28 - Feb. 3, 2024 = 151
YEAR-TO-DATE SOLDS
2023 = 969
2024 = 821
CLICK HERE to view more market statistics reports.
 
Meet our 2024 GLAR Diamond Partners:
 
 

Greater Louisville Association of REALTORS®  | (502) 894-9860  |  www.LouisvilleRealtors.com

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