SETTLEMENT ANSWERS What were the key factors that influenced NAR's decision to choose the legal path it did to settle seller litigation? NAR explored settling throughout the litigation and carefully considered the other legal options available. These included: Appealing: A win on appeal would only have addressed the verdict in the Sitzer-Burnett case (not any… Continue Reading REALTOR(R) Magazine on Settlement
Instant Reaction: Jobs, April 5, 2024 The job market is strong, with 303,000 net payroll job additions in March; 39,000 net new jobs in construction means more housing supply is coming. By: Lawrence Yun Powered by WPeMatico
Instant Reaction: Mortgage Rates, April 4, 2024 Mortgage interest rates continue their now 17-week stay in the mid-6% range, with the current 30-year mortgage interest rate at 6.82%. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
Suppose someone (e.g., your past real estate client, your current real estate client, perhaps your future real estate client, a consumer, a friend, a relative, a colleague) contacts you and mentions a class action lawsuit postcard. In that case, you may want to be familiar with the NAR and SCR provided information so that you… Continue Reading Your Sphere of Influence, Lawsuit Postcards
https://www.nar.realtor/the-facts?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&lrh=f3d3398596de554c8ce28d0171fc77ec79f4cbe447d90ba1a9b8eade908d8477&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=1909012B-4E20-402F-8FAA-1D8E1C3EDC9D The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and… Continue Reading NAR Settlement FAQs
https://www.sled.sc.gov/forms/regulatory/Constitutional%20Carry%20Guidance.pdf REALTORS® may want to include potential weapons issues in their brokerage policies and representation agreements (e.g., agency, transaction brokerage non-agency, seller, buyer, landlord, tenant). For listings with showings even with buyer's agents, sellers should properly secure (e.g., offsite, inaccessible, vault/safe/ locked) all weapons, valuables, identity information, pilfer-ables, medicines/drugs, dangerous/offensive items, personal items, sentimental items,… Continue Reading SLED on Constitutional Carry
https://www.nar.realtor/magazine/broker-news/network/help-agents-explain-the-importance-of-written-buyer-agreements?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&lrh=f3d3398596de554c8ce28d0171fc77ec79f4cbe447d90ba1a9b8eade908d8477&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=2813DEBB-3864-4A8C-A789-2B78ED6B1F73 The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and… Continue Reading REALTOR Magazine on Buyer Side/Agency/TB Explaining Your Value and Your Written Agreements
SETTLEMENT ANSWERS 'We're still going to be able to serve the consumer' Tune into an episode of NAR's "Real Estate Today" podcast to hear from NAR President Kevin Sears on the settlement agreement and what it means for the association, its members and the industry. The episode is live at facts.realtor. How do I know… Continue Reading REALTOR Magazine Settlement Articles
The settlement is anticipated to possibly allow MLS to create a seller concessions field contingent that the money is not solely for the buyer agency nor conditioned on the same. So, the SCR310 seller paid buyer's transaction costs contain a long list of buyer's transaction costs and so that should comply. Also, the SCR310 seller… Continue Reading Seller Concessions aka SCR310 Contract’s Seller Paid Buyer’s Transaction Costs
Instant Reaction: Mortgage Rates, March 28, 2024 Mortgage interest rates have continued in the mid-6% range for 16 weeks, with the 30-year fixed rate down slightly to 6.79% from 6.8% the week prior. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico