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Did You Know… SAR Offers Commercial Real Estate Classes?

This Wednesday morning, as do many Wednesdays, brought commercial real esate education to 2003 Howe Avenue. These “Commercial Forums” as we call them here at SAR, feature instructors who not only have many years experience in commercial real estate, but have also owned and invested many times themselves. The SAR Commercial Division was created to provide for its Members a link to the very different world of commercial real estate. From introductory courses to the complex, SAR hopes to accommodate many Members at many levels of experience.

Today we welcomed Ed Craine of Smith-Craine Real Estate Financing, a man with over 25 years experience in residential and commercial lending. Recently elected as Vice President of the California Association of Mortgage Brokers, Ed has financed more than $3 billion in property through the years. Accompanying Craine to Sacramento was colleague Dan Conrad, Smith-Craine Senior Loan Consultant and co-author of The Lazy Millionaire: How to Build Real Estate Wealth While You Sleep. Together, these professionals provided years of personal experience for their knowledge-hungry class.

Continue reading: Did You Know… SAR Offers Commercial Real Estate Classes?

SAR President Charlene Singley Interviewed by CNN

SAR President Charlene Singley was interviewed by CNN on May 5. A San Francisco reporter was following up on a story in the New York Times that morning suggesting that the Sacramento housing market may have bottomed out. Charlene noted that the median home price in Sacramento fell 57% from August 2005 to February 2009. Sales are up – the total of closed escrows for the first quarter of 2009 was 81% higher than the same period in 2008. First-time buyers and investors are driving the market, she said. For anyone planning to buy, “If they don’t buy in 2009, they’ll be sorry.”

Continue reading: SAR President Charlene Singley Interviewed by CNN

IDX – Using Protectionism Against the Competition for Leads

IDX stands for Internet Data Exchange. It is a system in which the broker members of a local Multiple Listing Service agree to share their listings in a common database for broker use, as well as marketing release within strict guidelines. All participating brokers can display the IDX on their websites according to the guidelines. What is displayed must be the agreed-upon information fields, and no others.

What happens in many MLS’s is the old “hold back information so they’ll call you” mentality. Or, the listing brokers believe that too many fields in the IDX will allow the consumer to avoid contacting a Realtor for more information. When that mentality is in place, the data fields displayed are usually limited, with many not shown that most consumers would consider as necessary.

Continue reading: IDX – Using Protectionism Against the Competition for Leads