April 14, 2021
Upon motion by Christina Diehl, second by Logan Hutton, the minutes of the March 10, 2021 Directors’ Meeting were approved.
Upon motion by Ferne Silberman, second by Logan Hutton, the Directors approved the Banquet Task Force’s recommendation for revising the Annual Installation Meeting to a luncheon format. The recommendation included a reduction in pricing and reiteration of the “no-show” policy.
Glenn Yoder recommended that the Association communicate with Bright MLS regarding making Agent License Numbers and Responsible Brokers License Numbers required fields. The Directors reviewed Bright’s Market Trend Report for Pennsylvania and Weekly Statistical Market Report, as well as Leadership Updates regarding housing market statistics, the password expiration process and launching of Bright’s T3 Home Demand Index.
Tom Blefko advised the Directors that he has appointed Greg Bardell Chairman of the Social Media Task Force. The Task Force has scheduled interviews with three social media companies. It was noted that the social media companies will be responsible for the purpose of distribution and placement of media content as well as market analytics. All media content will remain exclusively the responsibility of the Social Media Committee when appointed. The Task Force is continuing its efforts to set policies and procedures for the Social Media Committee.
The Outing Task Force has scheduled the Annual Golf Outing for September 2, 2021 at Meadia Heights Golf Club and is limited to 128 golfers. Further, one person from each foursome must be a Realtor or an Affiliate member of LCAR. The Central PA Food Bank will be the recipient of a charitable contribution if the event nets a surplus.
The Communications Committee reported meeting but required no action.
The Community Partnerships Committee reported on its continuing efforts to develop a TLC event for this year. Because of attendance restrictions at most indoor venues, the Committee will be meeting with Barnstormer Stadium personnel to discuss costs and accommodations for such an event. In addition, the Committee selected Tanya Sutcliffe of Hostetter Realty as recipient of the First Quarter Michael Mastros Scholarship.
The Financial Policy Committee recommended scheduling a meeting with the Association’s financial advisor to review fees associated with the Association’s investment account. Greg Bardell, Joe Younger and LCAR staff will participate in this meeting.
The Government Affairs Committee reported that the LCAR-PAC Reception is tentatively scheduled for September 9, 2021 on the Griest Building Rooftop.
The Directors reviewed membership statistics and staff presented the applications, indicating that they have all been completed in full with everyone applying for an appropriate classification of membership. Upon motion by Glenn Yoder, second by Christina Diehl, the Directors approved the new members.
The Association’s Treasurer’s Report and the Real Estate School Report were reviewed; and upon motion by Ferne Silberman, second by Christina Diehl, they were accepted.
The Directors received a Legal Update from AEI regarding NAR-DOJ Settlement Outcomes, a bi-monthly analysis from EDC regarding Lancaster County’s economic health, a post on iBuyers, the reported net losses incurred by Opendoor and Zillow for 2020, a white paper on the hiring of Goldman Sachs to help Knock, a fast-growing Home Swap program, go public, and the Lancaster Chamber’s Shot of Hope efforts to provide vaccinations in Lancaster County.
The Directors reviewed a letter from NAR President Charlie Oppler sent to FHFA regarding its proposed rule for resolution planning and a report from NAR’s Lawrence Yun regarding the impact of the pandemic on real estate and his economic outlook.
At the request of Tom Blefko, Corinn Kirchner provided an overview of the commercial markets in Lancaster and the surrounding area.
The Directors reviewed PAR’s Capitol Report on the Emergency Rental Assistance Program, Private Roadway Maintenance Agreements, House Bill 523, First-Time Homebuyer Savings Accounts and approval of the Federal COVID-19 Relief Package.
The Directors received communications from PAR regarding the latest market reports showing state housing prices are up 16 percent year-over-year, approval of rental assistance funding, Governor Wolf’s 2021-2022 proposed budget and a white paper on Lebanon, York-Hanover and Lancaster being identified as “best places” for remote workers.
The Directors reviewed an article from RisMedia regarding NAR’s challenging of a commissioned study by REX that compared NAR and its members to a “cartel”.
There being no further business, the meeting was adjourned.
NOTE: These minutes have not yet been approved by the LCAR Directors; corrections will follow, if necessary.