Net cost to him of selling it himself: zero. Net cost to the real estate industry: about $15,000 in lost commissions – and one client who is determined never to use an agent again.
via The Globe and Mail.
May 14
On the same day that the Obama Administration’s Home Affordable Foreclosure Alternatives (HAFA) Short Sale program took effect, RE/MAX University produced a special live broadcast from its headquarters in Denver. The program presented key industry leaders who detailed the new short sale policies directed at helping millions of American families facing foreclosure.
via RISMedia.
Apr 29
I believe that all members of the NAR have a debt of gratitude to the NAR. Not just for the MLS either! This includes all the various people who do nothing but find fault with whatever the NAR is doing – they do too. I don’t know if what we have was by design or if there was a really really bright man or woman on some committee back in the day who realized the future impact of what they were doing or it was just a series of lucky breaks. Either way, they did good.
via Read More .
Apr 22
The Secretary of the Department of Regulation and Licensing explains the process used to update the new WB-11 Residential Offer to Purchase form and how the form protects and informs participants in residential real estate transactions.
Apr 15
They say a new federal rule to speed up short sales will increase banks' reliance on broker price opinions — cheaper, quicker and unregulated home valuations that some argue could lead to an emerging type of mortgage fraud called “flopping”
via MiamiHerald.com.
Apr 01
The National Association of Realtors spent $5.6 million lobbying the federal government in the 2009 fourth quarter as it pressed for measures to aid the hobbled housing market, according to a recent disclosure form.
via StarTribune.com.
