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Instant Reaction: Mortgage Rates, December 8, 2022 Housing affordability rose about 8% in the last 4 weeks as mortgage rates moved closer to 6%. By: Nadia Evangelou Mortgage Financing Powered by WPeMatico
Please help SCR educate members to be very careful on social media. Golden rule... If you cannot say something nice about someone... Social media posting, risk management thoughts: NAR ethics prohibit hate/harassing posts on race, color, religion, sex, national origin, familial status, disability, sexual orientation, gender identity. Do not stray into a potential violation when… Continue Reading Don’t Get In Trouble for your Social Media Posts
(b) "Gross income for agents" means gross commissions received or retained. If commissions are divided with other brokers or agents, then only the amount retained by the broker or agent is considered gross income. SECTION 6-1-315. Limitation on imposition or increase of business license and real estate professional and auctioneer fees. (A) By ordinance adopted… Continue Reading Biz License FAQ
SECTION 6-1-650. Notice of dropped rental property. Real estate agents, brokers, corporations, or listing services required to remit fees under this section must notify the appropriate governing body if rental property, previously listed by them, is dropped from their listings. HISTORY: 2014 Act No. 188 (S.503), Section 1, eff June 2, 2014. Posted by: Byron… Continue Reading property management faq
SECTION 6-1-560. Real estate agents required to report when rental property listing dropped. Real estate agents, brokers, corporations, or listing services required to remit taxes under this section must notify the appropriate local governmental entity or entities if rental property, previously listed by them, is dropped from their listings. HISTORY: 1997 Act No. 138, Section… Continue Reading Property Management info
https://www.nar.realtor/videos/window-to-the-law/legal-issues-for-teams State License Laws - team advertising must not give false impression of a standalone brokerage and must use the brokerage/company name in all advertising BIC Supervising associated licensees and teams, have copy of team agreement drafted by lawyers Employment Law/Policy (classifications...generally salespersons are often independent contractors and control can create non-licensed administrative employees or… Continue Reading NAR Legal: A BIC’s Team Risk Management Video
Favorite Interior Design Trend by Decade The latest home design fads often are inspired by the past. Find out the trends from years ago that are among consumers’ favorites. Design Trends Powered by WPeMatico
Instant Reaction: Mortgage Rates, December 1, 2022 The rate on a 30-year fixed mortgage fell to 6.49% from 6.58% the previous week, dropping the median mortgage payment by $140 in the last three weeks. By: Nadia Evangelou Mortgage Financing Powered by WPeMatico
Instant Reaction: Jobs, December 2, 2022 Even with the increasing number of layoffs in some industries, the overall job market remains strong. By: Lawrence Yun Powered by WPeMatico
October Pending Home Sales Down; Qualifying Harder October 2022's pending home sales pace weakened by 4.6% last month and fell 37.0% from a year ago. By: Michael Hyman Powered by WPeMatico