Minutes in Brief
March 10, 2021
Upon motion by Glenn Yoder, second by Jeff Peters, the minutes of the February 10, 2021 Directors’ Meeting were approved.
Ferne Silberman presented the Banquet Task Force report, and the Directors approved the Task Force’s recommendation to change the Banquet to a luncheon on Thursday, December 16, 2021 at the Wyndham’s Expo Center. The event will begin at 11:00 a.m. with a reception, followed by the program and luncheon. The group is continuing its efforts to determine type of food service, member/guest/affiliate costs and program format. With discontinuation of the Volunteer Luncheon, it was noted that volunteers would be invited as guests of LCAR and recognized at the Banquet.
The Directors received information from Bright MLS regrading the latest market trends in Pennsylvania and an “Open Letter” to subscribers regarding the difficulties experienced during the recent migration of services to the Cloud. In addition they reviewed communication from Bright regarding its efforts to offer additional showing service choices in the wake of Zillow’s acquisition of ShowingTime. Bright is currently in final discussions with Sentrilock regarding its new SentriKey Showing Services and evaluating the possibility of designing its own showing service.
The Social Media Task Force reported on its efforts in utilizing social media platforms to reach out to the members. The group noted that they are exploring the option of hiring a consultant to manage LCAR’s social media distribution and the development of a grassroots campaign to get members on board.
The Communications Committee reported meeting but required no action.
The Community Partnerships Committee reported that due to projected limitations for large group indoor events this Fall, the Committee is discussing outdoor options for an event in September or October, in addition to a cash fundraising campaign like the one used in 2020.
The Directors reviewed the Financial Policy Committee’s concerns regarding LCAR’s investment fees and requested that the Committee reconvene with the account manager for further discussion.
The Government Affairs Committee met via Zoom with Commissioner Ray D’Agostino from the Lancaster County Board of Commissioners. He noted that the County is working with Pennsylvania’s Department of Health and the Center for Disease Control to coordinate vaccination sites and procedures.
The Directors reviewed membership statistics, and staff presented the new member 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 Joe Younger, the Directors approved the new members.
The Association’s Treasurer’s Report and the Real Estate School Report were reviewed; and upon motion by Tom Weik, second by Jeff Peters, they were accepted.
The Directors received a report from the Lancaster County Economic Development Company regarding consumer sentiment, including the economic slump in February and its impact on consumer spending. The Directors also received a press release regarding the fourth renewal of the COVID-19 Disaster Declaration to Aid in Response and Recovery signed by Governor Wolf and a registration notice from the Chamber regarding its virtual State of the County event scheduled for March 22nd.
The Directors reviewed a list of LCAR members who are participating in PAR’s Candidate Training for Political Office and a white paper by Mitchell Skinner on Zillow’s acquisition of ShowingTime and the implications for MLSs.
The Directors received communication from NAR regarding a 14-year peak in the 2020 Existing Home Sales Report. The Report contains housing trends in a pandemic year which include intense competition by buyers, more first-time buyers, more vacation home buyers, searching for bigger homes to support working from home and the rise and decline in buyer-based virtual showings. Additional communications from NAR included articles on how the American Rescue Plan boosts real estate, NAR’s focus on Fair Housing during Black History Month and a report from the Urban Institute noting household growth over the next two decades will be primarily from minority households.
The Directors reviewed communications regarding NAR’s joint efforts with a coalition of real estate trade organizations calling for clarity in rental assistance, a letter to Nancy Pelosi and Kevin McCarthy regarding their focus on rebuilding the economy through the American Rescue Plan Act and a white paper by Brian Carter regarding the foreclosure moratorium and forbearance period extension.
The Directors also reviewed communications from PAR regarding rental assistance funding and State and Federal COVID-19 updates and what they mean for Realtors.
The Directors received communication regarding the Tabor/LHOP merger — noting that joining forces will help impact and unlock more comprehensive solutions to address affordable housing challenges in the Lancaster community.
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.