HBR President: “Our Industry Is Up To The Challenge”
First, in behalf of the Realtor and Realtor Associate members of the Honolulu Board of Realtors, I congratulate the Honolulu Star-Bulletin on the first publication of the official Honolulu Board of Realtors Open House Guide. It’s truly a great resource for those in our community who are either buying or selling a home.
Our community and our nation have seen a lot of changes since we welcomed in 2009 – some positive and some not so positive. Every day seems to bring a new challenge to the public as well as to Realtors and to the lending industry – but we are up to the challenge.
Good real estate buys are abundant. There are buyers out there eager to take advantage of the all-time low interest rates, and many have been successful. But there are many others who are having difficulty in qualifying for a loan. The requirements can change daily, often disappointing both buyers and sellers.
My advice to anyone interested in buying is talk to your Realtor and lender, get pre-approved as soon as possible while the rates are still down, and start looking because you will find a good selection in most neighborhoods. My advice for sellers is make sure your home is sparkling and ready for new owners to move in. Price your home within the market parameters if you truly want to sell – buyers are being very selective and are aware of your competition.
As for the rental market, it continues to slow, but that means a bigger selection for those looking to rent. And, in some cases, rental rates could even be negotiable.
The National Association of Realtors Mid-Year Legislative Meetings and Trade Expo will be held in Washington D.C. May 11 through 16. Realtor representatives from each state, including Hawaii, will be meeting with their Congressional delegates. Those of us who attend will be bringing home current information on measures and initiatives that impact the real estate industry and what is proposed for the future. We look forward to sharing new developments with you.
It is immensely important that we as Realtors make every effort to educate the public regarding our Code of Ethics and the values that members of the Honolulu Board of Realtors – who are also, de facto, members of the Hawaii Association of Realtors and National Association of Realtors – adhere to in our everyday life as well as in our professional dealings.
We are a self policing membership and usually any complaints are resolved before they need to be litigated. Non-members of the Board may not always be able to provide that assurance.
As Realtors, we are required to attend a course on the Realtor Code of Ethics every four years in order to retain our membership in the Realtor organizations. In addition, real estate licensees are required to complete mandatory and elective continuing education courses every two years.
I would like to personally extend an invitation to any real estate licensees who are not presently members of the Honolulu Board of Realtors to take advantage of the tremendous benefits of membership. Among these are the educational programs, some leading to advanced designations, that enable us to better serve our clients and opportunities to network with other members who are pledged to honor our Code of Ethics. In today’s challenging marketplace, probably more than ever before, the support of our Realtor organizations is critical.
Ask your Realtor for a copy of the Realtor Code of Ethics so you will be fully aware of what we stand for and practice in serving our clients. The Code is also available at www.HiCentral.com.
Enjoy this beautiful place that we call home, get active in your community, and develop a relationship with a Realtor or Realtor Associate you trust and who will serve you in the most professional caring way.
When we first become members of the Honolulu Board of Realtors, we take the Realtor Pledge. May I share it with you?
Happy house hunting… and be sure to take along a copy of the new Honolulu Board of Realtors Open House Guide.
Sandra “Sam” Bangerter
ABR, CRB, CRS, GRI, SRES, TRC
Principal Broker, RE/MAX Kai Lani
2009 President, Honolulu Board of Realtors
Board Member, Hawaii Association of Realtors
Board Member, HiCentral MLS
The Realtor Pledge
To strive to be honorable and to abide by the Golden Rule;
to strive to serve well my community, and through it, my country;
to abide by the Realtors’ Code of Ethics and to strive
to conform my conduct to its aspirational ideals;
to act honestly in all real estate dealings;
to protect the individual right of real estate ownership and to widen the opportunity to enjoy it;
to seek better to represent my client by building my knowledge and competence.