Minutes in Brief
May 12, 2021
Prior to the start of the meeting, Tom Blefko presented the 2020 LCAR-PAC Awards recognizing Rohrbach Real Estate in the Small Firm category for the highest per capita participation, Younger Realty in the Medium Firm category for the highest per capita participation and Kingsway Realty in the Large Firm category for the highest per capita participation.
In addition, LCAR’s Government Affairs Director briefed the Directors on the questions that will appear on the Primary Election Ballot on May 18th pertaining to the Emergency Disaster Declaration, noting the impact these questions may have on Realtors’ ability to conduct business during a disaster declaration. Upon motion by Jeff Peters, second by Logan Hutton, the Directors unanimously approved their support for a “yes” vote on these questions and directed staff to forward a Call To Action to the membership.
Upon motion by Joe Younger, second by Glenn Yoder, the minutes of the April 14, 2021 Directors’ Meeting were approved.
The Directors reviewed Bright’s Market Trend Report for Pennsylvania and the Weekly Statistical Market Report.
Greg Bardell reported that the Social Media Committee met with representatives from Oostas and EZ Marketing to discuss the primary goal of developing better social media tools and avenues to communicate with our diverse membership. The secondary goal is to improve communication with the public. The Committee requested that proposals be provided for review prior to their next meeting.
The Communications Committee reported meeting but required no action.
The Community Partnerships Committee reported that this year’s TLC Charity Event will be held at Clipper Magazine Stadium on Tuesday, September 21st, from 4:00-8:00 p.m. The Committee is continuing its efforts to prepare for the event by including a Cornhole Competition, live auction items and 10 drawings throughout the event for $100 cash prizes. The ticket cost for this year’s event is $100.
Financial Policy Committee members Greg Bardell and Joe Younger reported meeting with Michael Ball, the Association’s financial investment manager, and indicated that after a lengthy discussion they recommend continuing our investment management with PNC and reviewing the Association’s current Statement of Investment Policies.
The Government Affairs Committee reported that Representative Keith Greiner discussed support for the upcoming ballot initiatives regarding emergency declarations. The Directors were also reminded of the LCAR-PAC Reception scheduled for September 9th on the rooftop of the Griest Building.
The Directors reviewed membership statistics. Staff presented the new member applications, indicating that they had all been completed in full with everyone applying for an appropriate classification of membership. Upon motion by Glenn Yoder, second by Logan Hutton, 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 Glenn Yoder, they were accepted.
The Directors received communication regarding the Talking Points for the 2021 Legislative Meetings, noting NAR’s support of the Housing Fairness Act legislation that would reauthorize and increase funding for HUD fair housing testing and enforcement programs.
The Directors reviewed EDC’s April Consumer Sentiment Report which indicated that households across the U.S. reported that current conditions are improving and future expectations remain optimistic. The Directors also received communication regarding the lifting of Governor Wolf’s mitigation orders on May 31st and the masking order once 70 percent of Pennsylvania adults are fully vaccinated.
The Directors received communications from NAR regarding Biden’s fiscal year 2022 Summary Budget and NAR focusing the bulk of its policy priorities on housing equality and commercial recovery. The Directors also reviewed NAR’s Economist’s Outlook, noting March housing starts were the highest in 14 years, existing-home sales declined while prices continue to climb, and mortgage rates continue the downward trend but are expected to rise in the coming months.
The Directors received communications from PAR regarding the most asked Legal Hotline questions about fair housing, challenges homebuilders are facing regarding material costs and disclosing the existence of dual or variable rate commission arrangements.
The Directors reviewed an article from RisMedia regarding CoStar Group’s acquisition of Homes.com in the hopes of ensuring an agent-centric platform.
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.