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Lubbock REALTOR Newsletters

pdf 2020-09-14 (669 KB) :

  • August MLS Statistics
  • August Membership News
  • MLS Tips, Tricks and Reminders
  • TREPAC Sporting Clay Shoot Results
  • Voting for 2021 - 2022 Board of Directors

Coming Soon Status and Clear Cooperation Rule

The National Association of REALTORS required all MLSs to adopt the following rule by May 1, 2020:
 
Section 1.01 Clear Cooperation: Within one (1) business day of marketing to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks (Facebook Groups), and applications available to the general public.
 
 
Please note that marketing includes verbal communication with other agents outside your office. This policy only applies to Residential listings.
 
The MLS Issues and Policies Committee has worked diligently on creating the "Coming Soon" status to help comply with this rule. Coming Soon listings do NOT syndicate (they don't go to third party websites from Rapattoni).

How "Coming Soon" listings will work in Rapattoni:

  • Choose which status you want the listing to be: Active or Coming Soon.
  • Enter an On Market Date: this is the date the listing will go from "Coming Soon" to "Active." If your status is "Coming Soon," this date cannot be longer than twenty-one (21) calendar days.
  • All fields required for an Active listing are also required for a Coming Soon listing, though some fields will not be active until the listing is Active (choosing Yes to fields like internet, realtor.com, IDX, etc.)
  • A picture is still required within seven (7) calendar days for Coming Soon listings just as it is for Active listings.
  • Coming Soon listings are searchable in Rapattoni, but they cannot currently be added to Client Portals or Carts.
  • An automated email alert will be sent to the Listing Agent three (3) calendar days before a Coming Soon listing is set to go to an Active listing.
  • Days on Market (DOM) begins with the On Market Date (OMD) for all listings.
  • Statuses available to a Coming Soon listing are Active and Terminated. Therefore, a Coming Soon listing cannot go straight to Under Contract or Sold.
  • If a listing was entered as a Coming Soon listing, regardless of current status, it cannot be re-entered as a Coming Soon listing for ninety (90) calendar days.
    • Example 1: A listing is entered as a Coming Soon, then Terminated (without going Active). The listing cannot be re-entered as a Coming Soon for ninety (90) days.
    • Example 2: A listing is entered as a Coming Soon, goes Active, then changes to ANY OTHER STATUS, the listing cannot be re-entered as a Coming Soon for ninety (90) days.
    • Example 3: A listing is entered as an Active listing, then is Terminated, Expired, Sold, Temp Off Market, etc., the listing CAN be entered as a Coming Soon listing. Cooperation Rule 

Scholarships - John Walton Educational Foundation

  

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The John S. Walton Educational Foundation is proud to offer scholarships to full-time students pursuing higher education through Texas Tech University, Lubbock Christian Univeristy, Wayland Baptist Univeristy and South Plains College. Scholarships are awarded at the discretion of the Trustees of the foundation. Applicants must be recommended by a REALTOR member of the LAR.  Applications are now being accepted and must be submitted by April 20, 2020.

 

About the foundation: The foundation is funded through the generosity of the Lubbock Association of REALTORS, its members and outside donations.  It was established in 1981 during Mr. Walton's year as President of the Lubbock Association of REALTORS as simply, the Lubbock Association of REALTORS Education Foundation. The Trustees of the Foundation saw fit to rename it in 2016 in memory and honor of Mr. Walton.  Mr. Walton, a 40 year REALTOR Emeritus member of the association, dedicated countless hours of service to the Lubbock, Texas and National Association of REALTORS. He served as the President of the Lubbock Association of REALTORS in 1981, President of the Texas Association of REALTORS in 1999, and was appointed to the Texas Real Estate Commission by Governor Rick Perry from 2001 to 2007. He was appointed as Chairman of the Commission by Governor Perry in 2004. Mr. Walton loved this community and the REALTOR profession and the foundation strives to honor his legacy. 

Requirements for New REALTOR Members

New REALTOR® members are granted provisional REALTOR® membership upon joining the association, with the understanding that they will complete the following requirements within the specified time frames. Failure to complete any of these within the time frames may result in membership termination.

  1. NEW MEMBER ORIENTATION - WEDNESDAY, DECEMBER 2, 2020 from 8:30 a.m. - 1:00 p.m. (location to be determined) Don't be late! Late arrivals will be turned away. Breakfast and lunch will be provided.
    • Orientation MUST be attended within the first two (2) times it is offered after joining. Orientation dates are subject to change depending on COVID-19 guidelines.
  2. RAPATTONIMLS NEW USER TRAINING - Complete this online course within 90 days of joining the MLS
  3. Take the REALTOR® Code of Ethics New Member Orientation Course online here within 90 days after joining the LAR. This free on-line course covers the National Association of REALTORS® Code of Ethics that all members agree to abide by.
  4. AttendYou Mean Contracts Must Be Written? - three (3) hour CE contracts course on DECEMBER 9 from 1:00 to 4:00 p.m. (location To Be Determined) New members must RSVP to members@lubbockrealtors.com so that we will have enough materials made.
  5. Strongly suggested: Watch the recorded ShowingTime Training here.  It's the BEST way to begin with the ShowingTime system.

Contact Cade Fowler, Association Executive, with questions about these requirements.

Real Estate Industry News

Daily News

18 September 2020

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