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Test your fair housing knowledge
Think you're pretty well versed in federal fair housing law? Answer these 12 questions to see whether you're ready to tout your fair housing know-how to your clients and customers. Take quiz here.
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Locals bring awareness to fair housing month
The Southeast Michigan Coalition for Fair Housing and Equal Opportunity, Inc. is once again hosting its Fair Housing Luncheon on April 25, 2006 at the Arab American National Museum. The program will start with registration at 11:30 am and the program will get underway at 12:00 pm. Wrapping up the luncheon will be a tour of the museum, which is located at 13624 Michigan Ave. in Dearborn. The luncheon will also feature a keynote address by Attorney General Mike Cox.
To reserve your spot, contact one of the nine participating local associations – see a list here. Attendance of the event being covered by the local associations and has been generously underwritten by LaSalle Bank.
For more fair housing events during April, fair housing awareness month, visit the MAR Web site.
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NAR secures small business junk fax rule flexibility
The National Association of REALTORS® applauds the new rules recently finalized by the Federal Communications Commission implementing the Junk Fax Prevention Act (JFPA), which protects both consumers and businesses alike.
NAR supported provisions of the new rules which clarify the responsibilities of businesses when sending unsolicited faxes and implement the JFPA’s new consumer right to “opt out” of receiving faxes even from those with whom the recipient has an established business relationship.
Congressman Fred Upton, R-Mich., chairman of the House Subcommittee on Telecommunications and the Internet and one of the sponsors of the law, supported NAR’s position. In a letter sent to FCC Chairman Kevin Martin during the comment period leading up to the final rule, Chairman Upton expressed concern about implementing rules that may overly burden legitimate business activities conducted by fax. Responding to the FCC's final rules, Chairman Upton stated, “Congress’ fundamental purpose in adopting the Junk Fax Prevention Act was to strike a more appropriate balance between protecting the privacy interests of consumers and avoiding unnecessary and burdensome restrictions on businesses. I believe the FCC's final rules both respect this goal and are straightforward enough so senders in all segments of the American economy will be able to comply. The final rules are both good for the consumer and good for businesses throughout the nation.”
The FCC’s final rules give small businesses some flexibility when it comes to complying with the JFPA. For example, the final rules recognize the validity of faxes sent in the context of informal business relationships, which is important to many businesses, including the real estate industry. Additionally, in the final rules, the FCC gives small businesses a number of options to consider when complying with the JFPA’s requirement to provide consumers with a cost-free mechanism to transmit do-not-fax request.
“The FCC rules are a win-win for small businesses and consumers alike,” said 2006 NAR President Thomas M. Stevens, senior vice president of NRT Inc., from Vienna, Va. “The FCC’s approach represents a sensible balance between the legitimate interests of consumers to avoid unwanted faxes and the need of businesses to reach their customers.”
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Targeting your customers
By Patricia Fripp, CSP, CPAE
Successful marketing means that you identify prospective clients and position yourself in the market so they choose you over your competition. When I sit down with clients who want to position their marketing, I seek the answers to four basic questions:
- Who Is Your Potential Client? Who wants to buy or could be stimulated to want to buy? Who is in a position to buy what you sell? What geographical and financial factors affect this ability?
A good way to identify future clients is to listen -- really listen -- to those you have now. Their comments, especially negative ones, will help you tailor both your product and your approach to other prospects.
- Why Will They Want To Buy? What emotional and physical factors will influence them? I just worked with an east coast psychiatrist who ran a practice with ten other psychiatrists and wanted to position herself. Our conversations quickly disclosed that her community was predominantly upwardly mobile professionals. Many of the women had delayed having children. Due to fertility drugs, a high percentage of families had twins, triplets, or more. We decided to focus her practice on these families, the first practice in the area to do that.
How did we do this? First, we realized her potential audience was geographical, that is, in her community rather than regional, national or international. These prospects had distinctive demographics. By appealing to a unique aspect, we hit on her core group. She's now hugely successful in her practice.
- What Angle Should You Take? How is your product or service unique? Why is it perfect for your target audience? How is it different from everyone else's? How will it fulfill your core group's needs in a way that no one else can?
This is positioning yourself in the market. (Remember how Avis advertised, "We try harder.") As an example, when other advertising consultants do presentations, they talk about budgets, print versus TV, soft versus hard sell. I position myself by emphasizing that you start by targeting your audience, positioning your product, and creating distinctive selling propositions. Lots of mom-and-pop businesses, confronted by super stores, can't compete or even survive unless they find a unique niche to fill.
- How Are You Going To Sell It? We all know people with great ideas, products, and inventions. They spend a fortune developing this product, but it sits there because they have no idea what to do with it. Is there a system in place to put your product in the customers' hands and return their money to you? Or do you need to create one?
Market to your core group, and position yourself among the competition. That's million-dollar marketing!
Excerpted from Fripp’ conversation with marketing/PR expert Gary Purece
Patricia Fripp, CSP,CPAE is a professional speaker on Change, Teamwork, Customer Service, Promoting Business, and Communication Skills. She is the author of Get What You Want! And, a Past-President of the National Speakers Association. Copyright© 2004, Patricia Fripp. All rights reserved. For information about Patricia’s Keynote presentations, contact the Frog Pond at 800.704.FROG(3764) or email susie@frogpond.com; http://www.frogpond.com.
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With competitive rates and a flashy design, MAR’s new REALTOR® credit card will give members a chance to advertise their profession and their REALTOR® status with every purchase, plus, earn great rewards.
The Michigan Association of REALTORS® Visa® Platinum card offers MAR members a choice of three credit card products allowing them to choose the card that rewards them best.
All Visa Platinum card members receive:
• No annual fee
• 0% introductory rate on purchases and balances transfers for six months*
• No balance transfer fees for six months*
• Visa's Zero Liability Protection for unauthorized purchases
• And more!
When you choose the Select Rewards Visa Platinum card, you'll also receive:
• Reward points with every net purchase
• Your choice of almost any reward with the Choose Your Own Reward option
• 1,000 bonus points with your first purchases, and rewards starting at just 1,500 points!
Or, choose the Cash Rewards Visa Platinum card to earn:
• Up to 1% cash back on net purchases per year
You've worked hard to earn your REALTOR® status, so reward yourself with every purchase using the Michigan Association of REALTORS® Visa Card!
APPLY TODAY! Apply online or by calling 1-800-853-5576, ext. 8620.
*Click here for terms and conditions: Platinum, Select Rewards, Cash Rewards
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MAR Calendar of Events
For more information, check the events calendar and the education calendar.
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