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Category: EMTAR

September Marks REALTOR® Safety Month

Written by newmanifest on . Posted in EMTAR.

It’s hard to believe September is already here, bringing not only the promise of a beautiful Tennessee autumn just around the corner, but also an opportunity to recognize and take part in NAR’s annual REALTOR® Safety Month. As your partner in success, EMTAR is committed to focusing on this crucial aspect of the real estate business as our brokers and agents work to help people achieve the American dream of homeownership.

Taking steps to promote and practice safety is always vital, and a number of helpful resources are available for you to lean into as you work with prospective buyers and sellers, show homes, host open houses, travel to and from properties, etc.

For starters, EMTAR would like to thank our friends at the City of Lebanon Police Department and at Agee & Johnson Realty and Auction in Lebanon. Agee & Johnson has partnered with us the past two years to spearhead our REALTOR® Safety efforts via education—thanks!

And once again, Lebanon Police hosted our REALTOR® Safety Course, and officers provided insights related to our occupation and simple yet effective self-defense techniques to protect ourselves. The topics included in-office safety, showing and open house safety, weapons and the law, hands-on self-defense training, and self-defense and the law.

We appreciate the officers for helping to foster safety for our REALTOR® members—and we also want to thank all of the local law enforcement folks in Wilson, Smith, and Dekalb counties who do a great job helping to keep our communities safe and protected!

As another upcoming member opportunity, NAR will offer its live, free REALTOR® Safety Month Webinar on Wednesday, September 18, at 12:00 PM Central.

Why this webinar? Because, “Meeting new clients and showing properties alone can pose safety risks. This webinar is designed to prioritize your personal safety by covering essential protocols for in-person showings and client meetings. You will learn to identify potential threats, leverage technology for safety, and effectively handle emergencies.”

The live session will help you:

• Gain best practices for staying safe during property showings.
• Explore safety apps and tools to enhance personal security.
• Learn how to conduct client meetings safely, both in and out of the office.
• Hear real-life safety scenarios and learn effective response strategies.

Learn more and register (no cost) here.

On a broader level, NAR devotes September to sharing the core components of its REALTOR® Safety Program: knowledge, awareness, and empowerment.

The program’s goal is to reduce the frequency of safety incidents so that “every REALTOR® comes home safely to his or her family every night.” NAR seeks to accomplish this goal “together with our members by improving the Safety Culture in the industry: Talk about safety; create a safety plan and follow it; and encourage your fellow REALTORS® to do the same.”

In addition to the upcoming webinar on Sept. 18, the programs available to REALTOR® members on the topic of safety include:

• A number of REALTOR® Safety Training Presentations to download and share
REALTOR® Safety Videos that provide tips and advice on how to keep you and your business safe.
• A page of articles on REALTOR® Safety (such as Brokerage Safety, Personal and Professional Safety, • • Safety and Technology, Safety at Open Houses and on Property Showings, Safety Tips to Share with Your Clients, and more).
• A Planning Your Safety Strategy page including best practices. Practical examples include:

  • Always meet new clients at the office or in a neutral location, like a coffee shop
  • Share your schedule with a colleague, assistant, or family member
  • Communicate safety concerns on your listing (poor cell phone signal, etc.)
  • Do not overshare about your personal life
  • Do not host open houses alone
  • Check your cell phone battery and signal before heading to an appointment
  • Direct clients to walk in front of you when touring a property, do not lead them
  • Never go into attics, crawl spaces, or garages where you could be trapped

Now is a good time to explore these and other safety tools for yourself, for your firm and agents (especially if you are a principal/managing broker), and for your buyers and sellers. Not only is it essential for REALTORS® to focus on staying safe, but doing so adds a level of confidence and assurance among your clients and prospective clients when they know that their real estate pros are thinking of them and their safety as well.

Have a safe September, and a wonderful autumn season!

About EMTAR: Chartered in 1969, our Association’s 1,300+ REALTORS® are a proud part of the 36,000+ members of Tennessee REALTORS® and of the 1.5 million+ members of NAR, all working to serve the public and protect the rights of America’s property owners. EMTAR members are known not only for their unmatched real estate excellence and high ethical standards, but also for being generous, hospitable, others-focused, loyal, hardworking, and eager to help wherever and whenever help is needed.

EMTAR Members Shine By Serving Our Community

Written by newmanifest on . Posted in EMTAR.

It’s no surprise that our most popular posts on social media (Facebook, Instagram, and X) involve stories that show EMTAR members taking an active part in our community throughout Wilson, Smith, and Dekalb counties, linking arms with others to give back, seeking to make a positive difference, and helping to strengthen this beautiful part of Tennessee that we are blessed to call “home.”

As a REALTOR® Association, EMTAR is committed to being our members’ “partner in success.” That begins with equipping members to thrive through relevant real estate continuing education (both for licensure and ongoing professional growth), networking opportunities, awards and celebrations, as well as legislative and regulatory advocacy aimed at protecting the rights of private-property owners and our real estate industry.

But partnering with members also extends to hosting volunteer and service opportunities, along with shining a light on ways to join forces with worthy organizations and serve others. It’s a joy to see the smiles on the faces of people in the community who benefit from these acts of service, and seeing the satisfaction and fulfillment on our members’ faces that result from giving back also makes it well worth the effort to step out and lend a hand. 

We work to connect members to vital needs throughout the year. For example . . .

— Our Community Involvement Committee recently volunteered to serve at Joseph’s Storehouse Food Ministry in Lebanon.

— We hosted our 2024 Back-to-School Supply Drive, collecting and distributing essential items to help set up local students for a successful year ahead.

— Our annual Casa De Moda fashion show (coming up October 3) raises funds for Court Appointed Special Advocates (CASA), supporting their critical efforts as they work with kids and families in legal situations in Wilson County and beyond. “Children Matter. Invest Forward.”

— On a different but related front, Tennessee’s annual Day on the Hill early in the year is another service opportunity. It provides the chance for EMTAR members to travel to Nashville and meet one-on-one with our elected officials, ensuring that they are aware of issues of importance to homeowners, buyers, sellers, and the real estate industry.

These are just a few of the many outlets our members have to engage in supporting local nonprofits and otherwise giving back all year long.

Of course, we’re preaching to the choir, because we know our EMTAR members are already the kind of folks who care deeply about others, and who love to serve and make a difference—whether it’s for your families, friends, neighbors, the clients you help to achieve the American dream, or the less fortunate who benefit from community services and support.

But while it’s a given that the REALTORS® in our Association are, well, givers, it’s also helpful at times to remember how important it is for us to keep giving and serving.

As our 2024 EMTAR president, Stacy Gee, wrote in an earlier blog post, REALTORS® are at our best when we are “looking for ways to give back, to volunteer, to brighten someone’s day, to make things better, to serve others in big and small ways. When we do that, it almost always puts our problems into perspective and lifts our spirits to face them with renewed vigor.”

So let us offer a big THANK YOU to our members, for the high standards of excellence and ethics that you set as real estate professionals, and for the many ways you make our community better. In all of this and more, we are hugely grateful to walk alongside you as “your partner in success.”

To learn more about service opportunities for EMTAR members, visit our website’s News & Events, Members, and/or Calendar tabs, or look for the sliding images on the home page that spotlight upcoming events.

We appreciate you!

About EMTAR: Chartered in 1969, our Association’s 1,300+ REALTORS® are a proud part of the 36,000+ members of Tennessee REALTORS® and of the 1.5 million+ members of NAR, all working to serve the public and protect the rights of America’s property owners. EMTAR members are known not only for their unmatched real estate excellence and high ethical standards, but also for being generous, hospitable, others-focused, loyal, hardworking, and eager to help wherever and whenever help is needed.

Make Your Voice Heard: Election Season and Voting Reminders

Written by newmanifest on . Posted in EMTAR.

If you’ve noticed all of the Halloween candy already out in the grocery stores (for real!), you know that, as hard as it is to believe, summer is drawing to a close. Schools are back in session, primary election voting is all wrapped up, and it’s time to turn an eye toward the beautiful autumn season, which will include 2024 Election Day on Tuesday, November 5.

As a proud member of the REALTOR® Party, EMTAR is in accord with NAR and Tennessee Realtors® in encouraging you, our valued members, to learn about key issues, evaluate who is running for office, and then vote for the candidates and issues that will build strong communities, protect property interests, and promote a vibrant business environment at the local, state, and national levels.

Doing that begins, of course, with . . .

MAKING SURE YOU’RE REGISTERED TO VOTE!

Sure, it’s a no-brainer, but it’s essential to be ready to make your voice heard in this fall’s elections for local, state, and national offices. The deadline to register in Tennessee is 30 days before that, making the target date October 8.

All of the details about Tennessee voter registration are available here.

If you’re already registered, please spread the word to others (fellow brokers/agents, clients, friends, neighbors) who might need to know where to get the scoop.

Or maybe you’re not sure about your voting status. No worries. To determine if you are a registered voter and view your early vote location(s) or polling location on Election Day, use the state’s Voter Registration Lookup or the GoVoteTN app. If no record is found, contact your local county election commission to determine your voting status.

When it comes to newer residents, you’ve almost certainly worked with buyers who only recently moved to Tennessee. Can they register to vote? Yes, absolutely. The place for them to learn about qualifications and to register is here.

WHAT IS AT STAKE, AND WHY DOES MY VOTE MATTER?

It doesn’t take much research to find examples of elections that came down to razor-thin margins, sometimes a matter of only a few votes. Every ballot matters, and it is both our right and our responsibility as Americans to engage in the electoral process.

When we do so, we take an active role in choosing the men and women who will represent us at every level, and those are the people who will shape laws and policies that have a direct impact on our lives and livelihoods.

Close to home, EMTAR keeps a keen eye on local issues that affect you, your buyers and sellers, private-property owners, and the overall vibrancy of our communities in Wilson, Smith, and Dekalb counties. These issues include taxation, zoning, property regulations, business and commercial ordinances, and a range of other local (and state) laws, codes, and rules.

In addition, EMTAR works hard to maintain strong, ongoing relationships with our elected and appointed officials, including mayors, council and commission members, local board members, senators and representatives in the Tennessee General Assembly, and our U.S. Congress members. We make it a priority to participate in Day on the Hill each early spring, when EMTAR members visit Nashville to meet with our elected state officials and discuss laws, bills, and policies that are important to property owners and our real estate industry.

In short, we’ve got our ear to the ground because we know how important it is to vote, act, and invest. We encourage you as our members to engage as well.

ELECTION ISSUES ON THE NATIONAL LEVEL

The National Association of REALTORS® includes a number of helpful resources on its main Realtor® Party Voting page here.

In this 2024 election season, the broad policy and legislative priorities NAR is pursuing include:

1. Increasing Housing Inventory Through Tax Incentives

2. Improving Access to Homeownership

3. Ensuring Equal Access to Professional Representation

4. Expanding Economic Opportunities

When it comes to housing affordability—a major focus area, not only this year but on an ongoing basis—it “starts with adding to the nation’s severely limited inventory,” NAR says. “The U.S. is facing an underbuilding gap of 5.5 million units, translating to a $4.4 trillion underinvestment in housing. America’s tax law can and must do more to promote homeownership, build stable communities, and boost economic growth.”

Several specific policy questions that NAR is asking include:

1. Why should Congress update the capital gains tax exclusion on the sale of homes?

2. How can Congress stabilize and revitalize struggling neighborhoods?

3. Why should Congress incentivize the conversion of commercial space into residential and mixed-use properties?

4. Why should Congress allow descendants of certain veterans to take advantage of an unused VA home loan?

5. Why should real estate professionals be given a federal protection to remain independent contractors?

On the Fair Housing front, NAR is committed to the enforcement of laws and to policies that remove historic barriers to homeownership. The issues in this area include:

1. What efforts is NAR taking to close homeownership gaps among demographic groups?

2. How will increasing funding for HUD fair housing programs reduce barriers to homeownership?

3. What solutions has NAR advocated for to confront appraisal bias? 

4. How does NAR’s ACT! Initiative advance accountability for real estate professionals?

5. Why should Congress adopt the Fair and Equal Housing Act?

You’ll find a helpful one-page summary with these and other insightful FAQs here.

KEY VOTING QUESTIONS AND ANSWERS

Finally, here are a few more details that might help you and/or those in your sphere of influence when it comes to voting on Election Day, Tuesday, November 5 (or during Early Voting).

When can I vote?

You can vote in person during early voting or on Election Day, or you can absentee vote by mail if you meet certain requirements. Find your early voting and Election Day polling place and hours in the GoVoteTN app.

Who are my elected officials?

Use our GoVoteTN app to find your elected officials. The GoVoteTN app will also provide you with a sample ballot, early voting locations, Election Day polling location and election results.  The GoVoteTN app is available in the Apple store, Google Play store, and through any browser as a website application.

You may find your state legislators here.

What ID is required for me to vote?

Tennesseans voting early or on Election Day must bring valid photo identification with them to the polls. A driver’s license or photo ID issued by the Tennessee Department of Safety and Homeland Security, by Tennessee state government or by the federal government are acceptable even if they are expired. College student IDs are not acceptable. Learn more about what types of ID are acceptable here or call the Division of Elections at 1-877-850-4959.

How will I know who won on Election Day?

Election results can be found here.

How does Tennessee ensure election integrity?

In Tennessee it’s easy to vote and hard to cheat. Thanks to the election laws passed by the General Assembly and administered by the 95 County Election Commissions, Tennessee is ranked number one in the nation for election integrity by The Heritage Foundation. Learn more here.

Could I volunteer to be a poll worker?

Yes! As busy as we all are with our real estate endeavors, taking time to serve at a polling place can be a great way to engage with your local community. Or you might know someone in your family or network who might have more bandwidth and enjoy volunteering. You (or they) can learn more and apply here.

WE’RE COUNTING ON YOU, EMTAR MEMBERS!

We appreciate all of the brokers and agents who are part of our EMTAR family, and we love it when we hear of the many ways you are making a huge positive difference in our communities. One of the ways we all can do that is by casting our votes. Please be sure to make your voice heard on November 5—and to take a moment to help someone else get ready to do the same. Thank you!

About EMTAR: Chartered in 1969, our Association’s 1,300+ REALTORS® are a proud part of the 36,000+ members of Tennessee REALTORS® and of the 1.5 million+ members of NAR, all working to serve the public and protect the rights of America’s property owners. EMTAR members are known not only for their unmatched real estate excellence and high ethical standards, but also for being generous, hospitable, others-focused, loyal, hardworking, and eager to help wherever and whenever help is needed.

MLS Rules Changes and How They Affect EMTAR Members

Written by newmanifest on . Posted in EMTAR.

Note: This is the fourth and final blog leading to August 17, 2024, when a number of new rules and protocols will take effect as a result of the NAR lawsuits settlement. The other topics in our series are The Ins and Outs of Buyer Agreements (7/25), Updated Rules on Offers Of Compensation (8/1), and Highlights of the Updated TN Realtors Forms (8/8). Thank you for keeping an eye out for these important posts!

MANAGING/PRINCIPAL BROKER FOCUS

In each blog we have spotlighted items of particular interest to Managing/Principal Brokers, because we know that those who lead firms and offices are on the front lines of answering agents’ questions.

As a reminder, EMTAR will host a Brokers Forum on Wednesday, September 18, a FREE luncheon for Managing Brokers only. We want to follow up one month after the NAR Settlement implementation to see where market practices are trending and to address any questions. We ask that you RSVP, as seats are limited. More details:

Who: Managing Brokers
What: Brokers Forum – Market Practices after the NAR SettlementWhere: EMTAR Training Room (2588 N. Mt. Juliet Rd.)
When: Wednesday, Sept. 18 — 1:00 – 2:30 PMProvided: FREE Catered Lunch
RSVP: Please send an email noting “Brokers Forum – Yes” to info@emtar.com.

MLS RULES CHANGES AND THEIR IMPACT

Now let’s turn to the impact of the NAR settlement on MLS rules.

*Some of the following is adapted from NAR’s Settlement FAQs (here). It’s important to emphasize that as new practices unfold, the details may be fluid. We will communicate any updates/changes related to the settlement as we become aware of them.

First off, NAR includes a section in its FAQs underscoring the value of an MLS. We’re not sharing all of those points here because we know our EMTAR members are aware of the excellence with which Realtracs, our regional MLS, conducts its business and offers its services to participants. EMTAR has a close, ongoing relationship with Realtracs and its leadership, and we proactively look for ways to keep our members up-to-date on any relevant MLS-related developments.

For example, at our Membership Luncheon last week, August 8, Julie Davis, Realtracs’ Chief Relationship Officer, was part of a panel discussing the NAR Settlement and its effects on our REALTOR® members.

Among other questions she addressed, one that members have asked is how the new MLS rules will be enforced. Julie shared that enforcement would be handled primarily by self-policing. Realtracs staff will rely on its subscriber base to flag any noncompliant activities. However, Realtracs will, as always, monitor data and look for any patterns of violations via data analysis, and in those cases they would take appropriate corrective steps to protect the integrity of the MLS and the value of its services to participants.

The overall policy change that will likely have the most widespread effect is that compensation will come off of the MLS altogether as of August 17, 2024. That change is woven throughout NAR’s FAQs, some of which we are sharing below for your information. They include:

What are the main MLS policy changes that NAR has set forth?

  • Eliminate and prohibit any requirement of offers of compensation on an MLS between listing brokers or sellers to buyer brokers or other buyer representatives.
  • Retain, and define, “cooperation” for MLS Participation.
  • Eliminate and prohibit MLS Participants, Subscribers, and sellers from making any offers of compensation on an MLS to buyer brokers or other buyer representatives.
  • Require an MLS to eliminate all broker compensation fields and compensation information on an MLS.
  • Require an MLS to not create, facilitate, or support any non-MLS mechanism (including by providing listing information to an internet aggregator’s website for such purpose) for Participants, Subscribers, or sellers to make offers of compensation to buyer brokers or other buyer representatives.
  • Prohibit the use of MLS data or data feeds to directly or indirectly establish or maintain a platform of offers of compensation from multiple brokers or other buyer representatives.  Such use must result with an MLS terminating the Participant’s access to any MLS data and data feeds. 
  • Reinforce that MLS Participants and Subscribers must not, and MLSs must not enable the ability to filter out or restrict MLS listings that are communicated to customers or clients based on the existence or level of compensation offered to the cooperating broker or the name of a brokerage or agent.
  • Require compensation disclosures to sellers, and prospective sellers and buyers. 
  • Require MLS Participants working with a buyer to enter into a written agreement with the buyer prior to touring a home.

How has the definition of an MLS participant changed?

  • The definition has been amended to remove any references to offers of compensation and to establish that a Participant has the duty to cooperate, which is to share information on listed property and to make property available to other brokers for showing to prospective purchasers and tenants when it is in the best interest of their clients.

Are all other MLS policies that were not amended still in effect?

  • Yes, all MLS policies will continue to be in effect and subject to enforcement by their local MLSs.

Can an MLS Participant use or share their MLS data or data feeds to establish or maintain a platform for offers of compensation from multiple brokers and buyer brokers or other buyer representatives?

  • No, use of MLS data or data feeds to directly or indirectly establish or maintain a platform of offers of compensation from multiple brokers to buyer brokers or other buyer representatives is prohibited.

Can an MLS have a Yes/No Compensation Field?

  • No. Once more, the new MLS policies prohibit any information about compensation on an MLS.

Can an MLS allow MLS listings to link to a listing broker’s contact information (e.g., phone number, broker’s preferred communication method)?

  • Yes, an MLS may provide links or other information that allows brokers to contact each other. However, this may not be used to circumvent the prohibitions of (a) making offers of compensation on an MLS to cooperating brokers or other buyer representatives (either directly or through buyers) or (b) disclosing on an MLS broker compensation or total brokerage compensation (i.e., the combined compensation to both listing brokers and cooperating brokers). For example, an MLS may not allow MLS listings to have an embedded link to a website which, with a single click on the MLS listing, would immediately display an offer of compensation. (Updated 7/31/2024)

How does the REALTOR® Code of Ethics apply to offers of compensation off MLSs?

  • Offers of compensation may continue to be made off MLSs, in consultation between the real estate professional and the seller. With respect to offers of compensation, REALTORS® must continue to be guided by their ethical duties under the REALTOR® Code of Ethics, including that:
  • REALTORS® must always:
    • Article 1 – Protect and promote their client’s interests
    • Article 3 – Ascertain compensation
    • Article 9 – Assure all real estate transaction agreements are in writing in clear and understandable language
    • Article 10 – provide equal professional services and comply with fair housing laws
    • Article 12 – Be honest and truthful in communications
  • As a reminder, pursuant to both Article 17 of the REALTOR® Code of Ethics and MLS policy, members are required to mediate and arbitrate contractual and compensation disputes.
  • These ethical rules continue to apply after, and are not changed by, the MLS practice changes required by the proposed class action settlement. (Added 8/6/24)

Do the written buyer agreement requirements apply to MLS Subscribers?

  • Yes, Subscribers must comply with all MLS rules and regulations, and Participants must ensure their compliance or they would be subject to the MLSs local enforcement and disciplinary action. (Added 8/6/24)

MLS Participants may not receive compensation for services from any source that exceeds the amount or rate agreed to in the buyer agreement. Does this mean that brokerages can only have one agreement with the buyer?

  • No. The practice change empowers buyers and brokers to negotiate and agree to services and compensation that work for them. MLS Participants should work with consumers to ensure they fully understand the options available. Compensation continues to be negotiable and should always be negotiated between MLS Participants and the buyers with whom they work.
  • At times, a new or amended buyer agreement may be appropriate, and the buyer and broker may agree to amended terms. However, amended agreements must also meet the requirements of the practice changes. The practice changes must be implemented fully and in good faith in the service of promoting consumer empowerment, choice, and healthy competition.
  • NAR policy does not dictate:
    • What type of relationship the professional has with the potential buyer (e.g., agency, non-agency, subagency, transactional, customer).
    • The term of the agreement (e.g., one day, one month, one house, one zip code).
    • The services to be provided (e.g., ministerial acts, a certain number of showings, negotiations, presenting offers).
    • The compensation charged (e.g., $0, X flat fee, X percent, X hourly rate). (Updated 7/31/2024)

 Is there an NAR MLS policy about seller concessions?

  • No, MLSs will continue to have local discretion on seller concessions. This includes determining what local rules to have about seller concessions, except under the settlement an MLS must ensure that the seller concessions are not limited to or conditioned upon the retention of or payment to a cooperating broker, buyer broker, or other buyer representative.

NEED MORE QUESTIONS ANSWERED?

Again, you will find more FAQs on MLS rules and all other aspects of the settlement here.

You might also want to go back and review the previous three blogs in our series, as they cover many other vital topics related to the changes that will take effect August 17.

Finally, we encourage you to email info@emtar.com with any NAR Settlement questions you have regarding TN Realtors® Forms, Realtracs, and changes in Real Estate Practices.

THANK YOU, EMTAR MEMBERS!

In closing, we want to remind you of how much we appreciate you and the difference you make in our communities. Buyers and sellers know they can count on your expertise, strong ethical commitment, and attention to their needs. All of us at EMTAR are honored, privileged, and proud to serve as your partner in success!

About EMTAR: Chartered in 1969, our Association’s 1,300+ REALTORS® are a proud part of the 36,000+ members of Tennessee REALTORS® and of the 1.5 million+ members of NAR, all working to serve the public and protect the rights of America’s property owners. EMTAR members are known not only for their unmatched real estate excellence and high ethical standards, but also for being generous, hospitable, others-focused, loyal, hardworking, and eager to help wherever and whenever help is needed.

Highlights of the Updated TN Realtors Forms

Written by newmanifest on . Posted in EMTAR.

Note: This is the third of four blog posts leading to August 17, 2024, when a number of new rules and protocols will take effect as a result of the NAR lawsuits settlement. The other topics in the series are The Ins and Outs of Buyer Agreements (7/25), Updated Rules on Offers Of Compensation (8/1), and MLS Rule Changes and How They Affect EMTAR Members (8/15). Please stay tuned!

MANAGING/PRINCIPAL BROKER FOCUS
In each of these blog we are spotlighting items of particular interest to our Managing/Principal Brokers, because we know that those who lead firms and offices are on the front lines of answering agents’ questions.

1: First, brokers, please help us make sure your agents are aware of the second of two opportunities to learn about the forms changes. Led by veteran instructor Susan Barnette, this free Zoom course will delve into the specifics. Here are the details:

TN Realtors Form Changes – ZOOM
Wednesday, August 14, 2024
9:00 – 10:00 AM (1 hour CE)
Register here.

2: EMTAR will host a Brokers Forum on Wednesday, September 18, a FREE luncheon for Managing Brokers only. We want to follow up one month after the NAR Settlement implementation to see where market practices are trending AND to address any questions. We ask that you RSVP, as seats are limited. Here are the details:

Who: Managing Brokers
What: Brokers Forum – Market Practices after the NAR SettlementWhere: EMTAR Training Room (2588 N. Mt. Juliet Rd.)
When: Wednesday, Sept. 18 — 1:00 – 2:30 PMProvided: FREE Catered Lunch
RSVP: Please send an email noting “Brokers Forum – Yes” to info@emtar.com.

3: Finally, you might wish to view and/or point the agents in your firm to the 20-minute video here from the state Association going over the forms changes.

TN REALTORS FORMS CHANGES
Now let’s turn to the impact of the NAR settlement on TN Realtors forms, which are available on the state’s Forms on the Fly page (member login required).

**Some of the following information ties into NAR’s Settlement FAQs (here). It’s important to emphasize that as new practices take effect, the details may be fluid. We will communicate any updates/changes related to the settlement as we become aware of them.

As noted above, TN Realtors discussed the forms changes in a video posted here. The NAR Settlement has resulted in only “minimal updates” to the Tennessee forms library, as Legal Counsel Addison Russell and 2024 Residential Forms Committee Chair Cindy Stanton emphasized during the video.

The bottom line of the changes, they noted, is:

  • Compensation will come off of the MLS altogether as of August 17, 2024.
  • Written agreements will be required between buyers and agents prior to touring (showing) a property.
  • By law, commissions are not set and are fully negotiable—which is something Tennessee has long included in its forms, but some tweaks have been made to ensure that this is even clearer.
  • Finally, an amendment will be required for any Buyer Representation Agreement in place prior to August 17 (for which a Purchase & Sale Agreement has NOT yet been executed) to incorporate the settlement changes.

Some questions remain and information might need to be updated as the practice changes go into effect, so Tennessee is watching other states carefully and staying tuned to NAR for any developments that will affect these forms in the future.

Here are the only five forms affected by the settlement and a summary of each:

RF101 – Exclusive Right to Sell Listing Agreement

  • Small tweaks have been made to Section 6.
  • Item 5, Seller Concessions, specifies those options.
  • Item 7, Compensation, states in all caps: “Broker compensation is not set by law and compensation rates are fully negotiable.”
  • Slight changes were made to Compensation to Broker for Sale, Cooperating Compensation, and Compensation to Broker for Lease.
  • Item 8, Responsibilities and Rights of the Parties, removed the MLS requirement and replaced it with, “Broker is authorized to communicate any offer of cooperating compensation to prospective Selling Agents or Facilitators.”

These updates “shouldn’t change how you’re practicing much, but we are trying to make it more concise,” Addison Russell said.

RF141 – Exclusive Buyer Representation Agreement

  • Section 3 has been rewritten into a new section called Compensation (Section 4).
  • The new section addresses compensation for broker services and compensation from the seller.
  • It includes a “Difference” item: “In the event that the amount of any cooperating compensation paid by Seller or Seller’s broker is less than the amount listed above, Buyer agrees to pay Broker the difference at closing.”
  • A cap on compensation is included: “If Broker is an MLS participant, Broker shall not receive compensation . . . that exceeds the amount listed above.”
  • VA Buyer: This information is on a new line but remains as it has been.

“The intent as always is to make as little disruption as possible” for REALTOR® members, Cindy Stanton said.

RF143 – Written Agreement with Buyer Before Touring a Home
“This may be the form that we get the most questions about,” Addison Russell said.

  • The new form is one of the bigger changes pursuant to the NAR Settlement.
  • It requires a written agreement with a buyer before touring or showing a property.
  • Tennessee already has our Buyer Representation Agreement (RF141), and members are encouraged to continue to have a buyer sign that before touring/showing properties.
  • If you are a REALOR® member and choose not to practice agency relationship, or are entering into a non-exclusive agency relationship, this form (RF143) is the one you will use to establish facilitator status with a buyer prior to touring a home.

RF401 – Purchase and Sale Agreement

  • Very minor updates have been made to this form, the most commonly used document by all parties.
  • Item 13. Brokerage, again states that compensation is laid out in separate agreements, and is fully negotiable.
  • There isn’t a Compensation section on this form. Members should continue to use the compensation section of the listing agreement. Brokers are parties to RF101 but NOT to the Purchase and Sale Agreement, so there was no need for a separate Compensation section here.
  • A new stipulation has been added (item 24), as needed. Selling Broker (Broker assisting Buyer) Compensation: “Seller shall pay $___ or ___% of the Purchase Price of the Property to Selling Broker (Broker assisting Buyer) at Closing as a Concession to Buyer.”

RF642 – Amendment to any Buyer Representation Agreement Entered into Prior to August 17, 2024

  • Again, if you have a Buyer Representation Agreement in place but a Purchase and Sale Agreement has NOT been executed as of August 17, you will need to fill out this form with your buyer and have them sign it.

Addison Russell concluded at the end of the video, “We felt really good about where we were already, and I think that’s apparent by the minimal changes that were needed” to the TN forms.

NEED MORE QUESTIONS ANSWERED?
We encourage you to email info@emtar.com with any NAR Settlement questions you may have regarding TN Realtors® Forms, Realtracs, and changes in Real Estate Practices prior to our August 8 Membership Luncheon. The luncheon will be video-recorded with a Q&A from a moderated panel of TN Realtors® Legal Counsel, Forms Committee, and Realtracs representation.

ONCE AGAIN, THANK YOU EMTAR MEMBERS!
As we quickly move toward August 17, let us emphasize that we appreciate the difference you make in our communities. Buyers and sellers know they can count on your expertise, your strong ethical commitment, and your attention to their needs. Please watch for more information leading to and beyond the effective date.

About EMTAR: Chartered in 1969, our Association’s 1,300+ REALTORS® are a proud part of the 36,000+ members of Tennessee REALTORS® and of the 1.5 million+ members of NAR, all working to serve the public and protect the rights of America’s property owners. EMTAR members are known not only for their unmatched real estate excellence and high ethical standards, but also for being generous, hospitable, others-focused, loyal, hardworking, and eager to help wherever and whenever help is needed.

Updated Rules on Offers of Compensation

Written by newmanifest on . Posted in EMTAR.

Note: This is the second of four blog posts leading to August 17, 2024, when new rules and protocols will take effect as a result of the NAR lawsuits settlement. The other topics in the series are The Ins and Outs of Buyer Agreements (7/25), Highlights of the New Tennessee REALTORS® Forms (8/8), and MLS Rule Changes and How They Affect EMTAR Members (8/15). Please stay tuned!

MANAGING/PRINCIPAL BROKER FOCUS
In each of these blog we are spotlighting items of particular interest to our Managing/Principal Brokers, because we know that those who lead firms and offices are on the front lines of answering agents’ questions.

NAR has made available a broker’s guide to upcoming practice changes. This set of slides provides you with an overview of the settlement, information on corresponding practice changes and implementation, and guidance on how to help consumers understand what these changes mean for them and their homebuying or selling transactions. Be sure to give them a look.

OFFERS OF COMPENSATION PRACTICE CHANGES
Now let’s zoom in on some of the terms of the NAR settlement that will affect offers of compensation.

**Some of the following information comes from NAR’s Settlement FAQs (here). It’s important to emphasize that as new protocols go into effect and the market responds, the details may be fluid. We’ll make every effort to communicate any updates/changes as we become aware of them.

First, this insightful article by Melissa Dittmann Tracey in Realtor magazine summarizes the upcoming changes: “Starting Aug. 17, the MLS will no longer be a platform for communicating offers of compensation. However, they still remain an option for consumers.”

The author points to NAR’s helpful series of “Window to the Law” videos to explain the coming changes. The first video is all about compensation—”which is and always has been negotiable.”

The article includes the perspective of Charlie Lee, NAR’s senior counsel and director of legal affairs, saying “real estate pros have a variety of ways to negotiate and communicate offers of compensation.” Those options include:

“Marketing: If the listing broker or seller is offering compensation for the buyer’s broker, the listing agent can share that offer through their marketing, such as in flyers, signs, or emails.”

“Website displays: A broker can show offers of compensation for their listings on their website display . . . Brokers must not display offers of compensation for other broker’s listings on their website display. You can show other brokers’ compensation on your listings if you don’t get it from MLS data or an MLS feed.”

“Seller concessions: Sellers may elect to offer concessions to the buyer, which may be used for items like paying for the buyer’s closing costs or the commission for the buyer’s agent. If the local MLS allows, such concessions can be communicated on the MLS within designated fields. However, any concessions listed cannot be conditioned on the use of or payment to a buyer broker.”

“Negotiations: Buyers may request that their agent include broker compensation as part of the terms of a purchase offer.”

And finally, “Buyer agreements: NAR’s proposed settlement agreement will require buyers and their agents to enter into written agreements before touring homes. These agreements will detail the compensation for using the buyer broker’s services.”

Now let’s highlight some of the relevant topics including in NAR’s Settlement FAQs.

1) Why prohibiting publishing compensation offers on an MLS was part of the settlement:

“While NAR has long maintained—and we continue to believe—that cooperative compensation and NAR’s current policies are good things that benefit buyers and sellers, we also acknowledge that continuing to litigate would have hurt members and their small businesses . . .”

This part of the settlement agreement “is consistent with NAR’s long-maintained position that prohibiting all offers of cooperative compensation entirely would harm consumers and be inconsistent with real estate laws in the many states that authorize them. We believe this agreement provides a path forward for our industry and NAR.”

2) Consumer choice and the value of a REALTOR®:

“As always, the consumer chooses whether to use a real estate professional. Research has confirmed that consumers find great value in the services provided by a buyer broker, and we continue to believe it is imperative for buyer brokers to clearly articulate what services and value they are providing to consumers.”

3) Buyer brokers and how they are paid:

“NAR has long believed that it is in the interest of the sellers, buyers, and their brokers to make offers of compensation—but using an MLS to communicate offers of compensation will no longer be an option. The types of compensation available for buyer brokers would continue to take multiple forms, including but not limited to:

  • Fixed-fee commission paid directly by consumers
  • Concession from the seller
  • Portion of the listing broker’s compensation
  • Compensation would continue to be negotiable and should always be negotiated between agents and the consumers they represent.

“Offers of compensation will continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals.

“The types of compensation available for buyer brokers would continue to take multiple forms, including but not limited to:

  • Fixed-fee commission paid directly by consumers
    • Concession from the seller
    • Portion of the listing broker’s compensation
    • Compensation would continue to be negotiable and should always be negotiated between agents and the consumers they represent

“Compensation would continue to be negotiable and should always be negotiated between agents and the consumers they represent.”

4) What listing brokers should advise clients about offers of compensation:

“Listing brokers should inform their clients that offers of compensation will no longer be an option on an MLS. This change will not prevent offers of cooperative compensation off an MLS. And it will not prevent sellers from offering buyer concessions on an MLS (ex. concessions for buyer closing costs).” Again, “Compensation would continue to be negotiable and should always be negotiated between agents and the consumers they serve.”

5) Off-MLS options and concessions:

“Offers of compensation could continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals. And sellers can offer buyer concessions on an MLS (for example—concessions that can be used for buyer closing costs).”

6) REALTORS®’ continuing high ethical standards and dedication to excellence:

“The settlement does not change the ethical duties that NAR members owe their clients. REALTORS® are always required to protect and promote the interests of their clients and treat all parties in a transaction, honestly (Article 1, COE).

“NAR members will continue to use their skill, care, and diligence to protect the interests of their clients.”

7) NAR’s commitment to clear options for consumers:

“NAR remains dedicated to promoting transparency in the marketplace and working to ensure that consumers have access to comprehensive, equitable, transparent, and reliable property information, as well as the ability to have affordable professional representation in their real estate transactions.”

8) Bottom line:

“This settlement allows compensation to remain a choice for consumers when buying or selling a home. NAR continues to believe that offers of compensation help make professional representation more accessible, decrease costs for home buyers to secure these services, increase fair housing opportunities, and increase the potential buyer pool for sellers.”

Again, these are some of the topics addressed in NAR’s FAQs, but we encourage you to review the other related questions and answers on this page.

NEED MORE QUESTIONS ANSWERED?
We encourage you to email info@emtar.com with any NAR Settlement questions you may have regarding TN Realtors® Forms, Realtracs, and changes in Real Estate Practices prior to our August 8 Membership Luncheon. The luncheon will be video-recorded with a Q&A from a moderated panel of TN Realtors® Legal Counsel, Forms Committee, and Realtracs representation.

ONCE AGAIN, THANK YOU EMTAR MEMBERS!
As we close this second of four blogs in advance of 8/17, we want to reiterate that we appreciate the difference you make in our real estate industry and for our communities. Buyers and sellers know they can count on your expertise, your strong ethical commitment, and your attention to their needs.

Please keep an eye out for more information coming your way leading to and beyond the effective date for the changes coming out of the NAR Settlement.

About EMTAR: Chartered in 1969, our Association’s 1,300+ REALTORS® are a proud part of the 36,000+ members of Tennessee REALTORS® and of the 1.5 million+ members of NAR, all working to serve the public and protect the rights of America’s property owners. EMTAR members are known not only for their unmatched real estate excellence and high ethical standards, but also for being generous, hospitable, others-focused, loyal, hardworking, and eager to help wherever and whenever help is needed.

The Ins and Outs of Buyer Agreements

Written by newmanifest on . Posted in EMTAR.

MANAGING/PRINCIPAL BROKER FOCUS

Note: This is the first of four upcoming blog posts leading to August 17, 2024, the date when a number of new rules and protocols will take effect as a result of the NAR lawsuits settlement. The other topics we will cover include Updated Rules of Offers of Compensation, Highlights of the New Tennessee REALTORS® Forms, and MLS Rule Changes (and How They Affect EMTAR Members). Please stay tuned!

In each of these blogs we will spotlight items of particular interest to our Managing/Principal Brokers, because we know that those who lead firms and offices are on the front lines of answering agents’ questions as the settlement details unfold.

Brokers, first, you’ll find good guidance in this article from the NAR Broker-to-Broker Network:

“Help Agents Explain the Importance of Written Buyer Agreements”.

Second, please let your agents know about an easily accessible upcoming CE course via Zoom on Understanding Buyer Representation. Veteran instructor Susan Barnette will teach the course twice (August 7 and 14), walking through the buyer representation agreement, offering clear explanations, and sharing best practices for proper use. You’ll gain the knowledge you need to excel in representing buyers—don’t miss it! Here are the sign-up details for Understanding Buyer Representation:

Option 1:
Wednesday, August 7, 1:45 – 3:45 PM (2 hrs CE). FREE. Register here.
Option 2:
Wednesday, August 14, 11:00 AM – 1:00 PM (2 hrs CE). FREE. Register here.

BUYER AGREEMENT PRACTICE CHANGES

Now let’s take a look at some of the terms of the NAR settlement that will affect the buyer agreement process as of August 17, 2024. They include the following. **This information comes from NAR’s Settlement FAQs located here. It’s important to emphasize that as the new protocols go into effect and the market responds, the details may be fluid. We’ll make every effort to communicate any updates/changes from NAR as we become aware of them.

Required provisions in the agreement.

— A specific and conspicuous disclosure of the amount or rate of compensation the participant will receive or how this amount will be determined, to the extent that the participant will receive compensation from any source. 

— The amount of compensation in a manner that is objectively ascertainable and not open-ended.

— A term that prohibits the participant from receiving compensation for brokerage services from any source that exceeds the amount or rate agreed to in the agreement with the buyer; and 

— A conspicuous statement that broker fees and commissions are not set by law and are fully negotiable.

Conditions that trigger the practice change requiring written agreements with buyers.

— It only applies to MLS participants “working with” buyers and is triggered by “touring a home.”

The definition of “working with” a buyer.

— The “working with” language is intended to distinguish MLS participants who provide brokerage services to a buyer—such as identifying potential properties, arranging for the buyer to tour a property, performing or facilitating negotiations on behalf of the buyer, presenting offers by the buyer, or other services for the buyer—from MLS participants who simply market their services or just talk to a buyer—like at an open house or by providing an unrepresented buyer access to a house they have listed. 

— If the MLS participant is working only as an agent or subagent of the seller, then the participant is not “working with the buyer.” In that scenario, an agreement is not required because the participant is performing work for the seller and not the buyer.

— Authorized dual agents, on the other hand, work with the buyer (and the seller).

— A written buyer agreement is required prior to a buyer “touring a home.” An MLS participant “working with” a buyer can enter into the written buyer agreement at any point but must do so by no later than prior to the buyer “touring a home,” unless state law requires a written buyer agreement earlier in time.

The definition of “touring a home.”

— Written buyer agreements are required before a buyer tours a home.

— Touring a home means when the buyer and/or the MLS participant, or other agent, at the direction of the MLS participant working with the buyer, enter the house. This includes when the MLS participant or other agent, at the direction of the MLS participant, working with the buyer, enters the home to provide a live, virtual tour to a buyer not physically present.

— A “home” means a residential property consisting of not less than one nor more than four residential dwelling units.

No requirement for MLS participants and buyers to enter a written agency agreement.

— MLS Participants and buyers will still be able to enter into any type of professional relationship permitted by state law.

— NAR policy does not dictate:

  • What type of relationship the professional has with the potential buyer (e.g., agency, non-agency, subagency, transactional, customer).
  • The term of the agreement (e.g., one day, one month, one house, one zip code).
  • The services to be provided (e.g., ministerial acts, a certain number of showings, negotiations, presenting offers).
  • The compensation charged (e.g., $0, X flat fee, X percent, X hourly rate)

The meaning of being “inconsistent with state or federal law or regulation.”

— All MLS participants working with a buyer must have a buyer written agreement prior to touring, unless state law requires an agreement earlier in time.

You’ll find many more details on changes to buyer agreements at NAR’s page here.

A TENNESSEE PERSPECTIVE: AHEAD OF THE CURVE

As we wrap up this post, we’ve adapted the following good insights from this helpful blog.

In Tennessee, we are ahead of the curve. Tennessee brokers have long embraced Buyer Representation Agreements as standard practice. They aren’t just recommended; they’re ingrained in our business culture. They outline crucial details like payment structure and minimum service fees, ensuring clarity and fairness for the parties involved.

Under the NAR settlement, buyers must sign a Buyer Representation Agreement before viewing their first home—a move aimed at enhancing transparency and consumer protection.

In effect, this mandates written agreements before property tours—a step towards formalizing the relationship between buyer and Realtor from the get-go. Once signed, these agreements become legally binding, outlining the expectations and responsibilities of both parties, including the total compensation to be earned.

For consumers, this newfound transparency fosters trust and understanding. It clarifies how Realtors are compensated and emphasizes their fiduciary responsibility to clients, as well as the value of experienced representation in navigating the complexities of real estate transactions. Moreover, it demystifies the role of agents, highlighting their dedication to helping clients achieve their real estate goals.

Tennessee has long been accustomed to this level of transparency. Realtors here are well-versed in the intricacies of Buyer Representation Agreements, ensuring a smoother, more informed journey through the real estate process. 

This agreement has always defined how the broker is paid and what the minimum fee for services will be, whether that fee is paid by the listing broker, seller, or by the buyer. The buyer has always been obligated to the compensation of professional services if it was not being offered or negotiated as a part of the list price.

This represents a step towards standardizing best practices nationwide. For real estate professionals in states where such agreements were previously optional, it signifies a significant adjustment in business operations. But here in Tennessee, it is in many ways, business as usual—a testament to our commitment to transparency and client satisfaction. . . .

THANK YOU, EMTAR BROKERS AND AGENTS!

In closing, we appreciate the difference that you make in our real estate industry and for our communities throughout Wilson, Smith, and Dekalb counties. Buyers and sellers know they can count on your expertise, your strong ethical commitment, and your attention to their needs.

Please keep an eye out for more information coming your way leading to and beyond the August 17 effective date for many changes coming out of the NAR settlement.

About EMTAR: Chartered in 1969, our Association’s 1,300+ REALTORS® are a proud part of the 36,000+ members of Tennessee REALTORS® and of the 1.5 million+ members of NAR, all working to serve the public and protect the rights of America’s property owners. EMTAR members are known not only for their unmatched real estate excellence and high ethical standards, but also for being generous, hospitable, others-focused, loyal, hardworking, and eager to help wherever and whenever help is needed.

Curb Appeal Essentials

Written by newmanifest on . Posted in EMTAR.

We’re almost halfway through the summer real estate season, with many folks still looking to relocate to Eastern Middle Tennessee before school starts, while a number of current homeowners are in the process of either downsizing or upsizing to different properties.

And while the housing market continues to be brisk and, overall, favorable to sellers, it’s always wise for those listing a home to take smart steps to maximize their property’s value before putting it on the market.

That includes (maybe even begins with) an age-old essential: curb appeal. It’s no secret that a first impression makes a huge difference—whether it’s the thumbnail photo of a listing taken from the street, the first gallery image that pops up on realtor.com, or the initial gander that prospective buyers get when they pull up to a home for a showing or an open house.

With that in mind, here are some quick tips for increasing curb appeal, culled from several of our favorite go-to sources. Some of these are common sense and might seem like no-brainers, but you can’t go wrong by reviewing the basics and then running with them toward even more creative and inspiring plans.

From Candace Barone, a Master Gardener volunteer in Florida:

— Consider the value boost: “According to Bankrate.com, the average home can increase in property value by 15-20% with a well-designed landscape.”

— Start with a full, honest, nothing-is-a-given assessment of your current curb-view aesthetic. For example, “Allowing dead or compromised trees of any size is not only an eyesore but can be a costly mistake should it fracture or fully uproot.”

— Make a plan. “Start from the highest elevation on your property and work your way down to organize the work that needs to be done.”

— Trim or remove dated hedges or shrubs. “Often the original shrubs installed by the home’s developer become landmark plants that are seldom pruned correctly.” Sometimes they grow too high and block natural light from streaming through the home’s front windows.

— Spread the landscaping love around your front areas. “Consider the ground around your mailbox if you have one, install window boxes, and select portable containers” to arrange in different spots.

— Keep up with weeding and mulching. Those tasks, done regularly, “promote garden-wide health of your plant investment and help retain moisture for the roots to thrive.”

Budget-friendly ideas from HGTV:

— Repaint your front door to “add some brightness and revive the look of your entry.” A gallon of paint will run in the range of $35 or less.

— Identify a visually alluring space for new growth. “Start small with a few fast-growing trees and remember to water them often in the first year or so and fertilize them in the spring and fall.”

— Get artistic. “Wall art is not just for interior spaces. Give your home’s exterior some personality by hanging a piece of wall art.”

— Replace the mailbox, especially if it’s on the worn or shabby side. “The price of a new mailbox starts at around $20, and a post and concrete won’t be much more.”

— Clean and wash. “Give your home’s exterior surface a good spit-shine and polish to make it look fresh and well cared for. Rent a pressure washer and clean the driveway, walkways, fences, gutters, siding and whatever else looks grungy.”

Beautifying ideas from Better Homes & Gardens:

— Update old hardware and fixtures. “House numbers, the entry door lockset, a wall-mounted mailbox, and a light fixture are all elements that can add style and interest to your home’s exterior curb appeal.”

— Add comfy, colorfully pleasing porch seating. If you’ve got room, “Invite guests to pull up a chair and stay a while with welcoming porch furniture. Look for seating with skids to help prevent damage to your surfaces. Add the cozy feel of a living room with rugs, throw pillows, and end tables.”

— Install (or refresh) outdoor lighting. “Low-voltage landscape lighting significantly impacts your home’s curb appeal while also providing safety and security.”

— Hang a wreath (or other decorative greenery). “Whether placed on your front door or beside it, a wreath is a simple way to personalize your entry.”

— Replace old gutters and downspouts. “If your home has an older gutter system, odds are it’s also suffering from poor gutter maintenance. Peeling paint, rust spots, drooping, and other problems indicate repair or updating is needed.”

Many more helpful ideas and insights are available with a few clicks and scrolls, of course. We hope these few we’ve shared will whet sellers’ aesthetic appetite and inspire them to evaluate their home’s curb appeal and update it where it will be the most beneficial.

About EMTAR: Chartered in 1969, our Association’s 1,300+ REALTORS® are a proud part of the 36,000+ members of Tennessee REALTORS® and of the 1.5 million+ members of NAR, all working to serve the public and protect the rights of America’s property owners. EMTAR members are known not only for their unmatched real estate excellence and high ethical standards, but also for being generous, hospitable, others-focused, loyal, hardworking, and eager to help wherever and whenever help is needed.

Summer Water Fun for You and Your Family

Written by newmanifest on . Posted in EMTAR.

News flash: it’s hot outside.

As the summer of 2024 moves into full swing, residents of Wilson, Smith, and Dekalb counties are looking for ways to cool off and enjoy some watery fun with their families. From the pool to the splash park to the lakefront and beyond, our beautiful region of Tennessee is blessed with a wide range of possibilities.

Here are some of the best options we know of within the communities that EMTAR members serve and in nearby locations as well.

Mt. Juliet:

Cedar Creek Recreation Area
This popular locale on Old Hickory Lake includes a sandy beach with a swimming area and picnic spots. Cedar Creek Campground offers 60 sites and limitless options for activities like boating, hiking, fishing, and relaxing on the swim beach. A picnic shelter located in the day use area may also be reserved on weekdays throughout the summer.  (Cost: $5 per car.)

Ava’s Splash Pad @ Charlie Daniels Park
1075 Charlie Daniels Pkwy
This public facility is a ton of fun, especially for the little ones.

Looking WAY ahead, Mt. Juliet plans to build a 14-acre recreational and aquatic center along Clemmons Road, with hopes of opening within four years. Not much good for this summer, but something to look forward to!

For more Mt. Juliet water options, visit the Parks & Facilities page here.

Lebanon:

Jimmy Floyd Center – Pools
511 N. Castle Heights Ave.
Indoor and outdoor pools, swim lessons, and more. Memberships available.

Don Fox Park – Wading Pool
416 Baird Park Circle
The park has four pavilions equipped with an electrical outlet, a grill, and eight picnic tables including a handicap-accessible table. There are 61 other picnic tables throughout the park, along with 17 other grills, a wading pool, and a walking track.

Laguardo Recreation Area
Located on Old Hickory Lake, Laguardo is a great day-trip destination. It offers a playground, boat ramp, and sandy beach to keep the kids and adults entertained. Also ideal for bank fishing. (Cost: $5 per car.)

Dekalb County:

Dekalb features the sprawling Center Hill Lake and its wide variety of water-related activities, from boating to swimming to fishing.

For more general information about the area beyond Center Hill, visit the county’s Parks and Recreation page here.

Smith County:

The Town of Carthage announced recently that its public pool reopened on June 8. The pool had been repaired and refilled. Among other fun stuff, it offers water aerobics, pool parties, and season passes.

For more details about these and other Eastern Middle Tennesse pool and beach destinations, visit Nashville Fun for Families here.

Additional water-fun opportunities a bit outside of our area and across Tennessee include:

Nashville Shores — 4001 Bell Road, Nashville
More Info

Wave Country — 2320 Two Rivers Parkway, Nashville
More Info

SoundWaves — 2800 Opryland Drive, Nashville
More Info

Boro Beach — 2310 Memorial Blvd., Murfreesboro
More Info

Brentwood Splash Park — 920 Heritage Way, Brentwood
More Info

Franklin Splash Park — 1120 Hillsboro Road, Franklin
More Info

NOOGA Splash — 2389 Gold Point Cir N., Hixson
More Info

Dollywood’s Splash Country — 2700 Dollywood Parks Blvd., Pigeon Forge
More Info

Wild Bear Falls Water Park — 915 Westgate Resorts Rd | Gatlinburg
More Info

Wild WaterDome Waterpark — 190 Gists Creek Rd | Sevierville
More Info

On a separate but related note, for any of our members’ clients who are interesting in adding their own pool to a property, the checklist here from Wilson County Codes & Zoning is a helpful resource to consult for those who live within the county.

No matter where and when you choose to jump into the water, have a fun, safe summer, and stay cool out there!

About EMTAR: Chartered in 1969, our Association’s 1,300+ REALTORS® are a proud part of the 36,000+ members of Tennessee REALTORS® and of the 1.5 million+ members of NAR, all working to serve the public and protect the rights of America’s property owners. EMTAR members are known not only for their unmatched real estate excellence and high ethical standards, but also for being generous, hospitable, others-focused, loyal, hardworking, and eager to help wherever and whenever help is needed.

TREC Real Estate Opportunity for High School Students

Written by newmanifest on . Posted in EMTAR.

Note: As we share the following news, the deadline to apply for our EMTAR Scholarship is approaching—Friday, June 14! The scholarship is for students who were a high school senior in 2023–24 and are planning to attend a college, university, or trade school this fall. More details and the application are available here. Please spread the word to any families of high schoolers in your network. Thanks!

EMTAR has always championed opportunities for our members to learn, grow, and thrive in their real estate careers. We do this through ongoing education, networking, legislative and regulatory advocacy, awards and celebrations, and much more.

We also are committed to providing tools for prospective new REALTORS® who might wish to explore the field professionally. In addition, we are dedicated to encouraging our community’s youth and teens in ways such as the EMTAR Scholarship program noted above and through other avenues that inspire them to succeed and achieve as they grow into adulthood.

Along those same lines, our friends at the Tennessee Real Estate Commission (TREC) are proud to offer high school seniors the opportunity to study real estate through the Tennessee High School Senior Real Estate Licensing Program, a scholarship program in conjunction with Kaplan Real Estate Education. 

Important Update: As of the publication of this blog, overwhelming demand among 2024 grads has led TREC to suspend applications and create a waitlist. To reserve a place on the list, fill out the form here. Waitlist participants will be selected on a first-come, first serve basis on or around October 31.

This groundbreaking licensing program provides the base education required for the pre-licensing exam for qualified individuals to become licensed real estate agents in Tennessee. Students who successfully complete this training will get a jump on their careers.  

In addition, students will be able to complete the entire program at their own pace and will have six months from their date of enrollment to complete their courses. Kaplan’s engaging online courses walk students through everything needed to take the national and state real estate licensing exams.

Students can also complete exam preparation courses to reinforce key concepts, review questions, and track their performance.

Highlights of the program include: 

  • Tennessee 60-Hour Real Estate Principles Online Course
  • This is one of two required courses to complete before sitting for the Tennessee real estate licensing exam. This course provides the fundamentals of Tennessee real estate.
  • Tennessee 30-Hour Course for New Affiliates Online Course
  • This is the second required course to complete before sitting for the Tennessee real estate licensing exam. This 30-hour online course covers the topics required by TREC for new affiliates and builds on the fundamentals that are covered in the Tennessee 60-Hour Real Estate Principles course.
  • Interactive Study Group Live Webinars
  • Join Kaplan’s expert faculty and fellow students for a lively discussion of topics related to the required online courses. These webinars are designed to keep students on track to finish their education, reinforce key concepts, and provide opportunities for engaging interactions.
  • National and Tennessee Real Estate Exam Prep
  • These online courses combine solid industry principles with the latest state-specific information students need to pass the national and state portions of the licensing exam.

To learn more, visit this link, and again, if a high schooler you know is interested in this year’s program, they may submit the form here to be added to the waitlist.

We would love to see some of the participants in this vital TREC program eventually become EMTAR members who serve buyers and sellers well and help to strengthen our community!

About EMTAR: Chartered in 1969, our Association’s 1,300+ REALTORS® are a proud part of the 36,000+ members of Tennessee REALTORS® and of the 1.5 million+ members of NAR, all working to serve the public and protect the rights of America’s property owners. EMTAR members are known not only for their unmatched real estate excellence and high ethical standards, but also for being generous, hospitable, others-focused, loyal, hardworking, and eager to help wherever and whenever help is needed.