Realtors will be required to complete two hours of training every three years beginning in 2025.
Agent commissions of the future could look much different than they do today, as a Department of Justice investigation into the issue of decoupling buyer and broker commissions continues, class-action lawsuits are advancing and associations and MLSs are adjusting their policies.
MAR CEO Theresa Hatton announced the installation of officers earlier this month.
As of Sept. 30, the National Association of Realtors (NAR) had collected $229.6 in dues from its 1.542 million members, according to a RealTrends report.
Atlanta’s Rodney Mason, who serves as vice president of mortgage lending with Guaranteed Rate, was named treasurer of the nonprofit, while Anita Blue, who works as an agent and credit restoration consultant at Cap Tex Realty, was named national vice president.
At 37 years old, the new president will be the second-youngest leader of the national nonprofit trade organization, which works to improve the homeownership rate in the Asian-American Pacific Islander community.
International buyers purchased 107,000 residential properties from April 2020 through March 2021, marking a 31% decline from the 154,000 residences bought the previous year.
“To win a bidding war these days, buyers need to put their best foot forward. Go all-in the first time around or be brutally defeated.” — Krista Matthews, Realtor, Greater Boston Association of Realtors, YPN Chair 2021
The COVID pandemic has caused a shakeup in where, and how, many people work. That has helped propel a thriving housing market.
Existing-home sales slid for the third month in a row in April, declining 2.7% from March to a seasonally adjusted annual rate of 5.85 million, according to the National Association of Realtors.
A recent NAHB survey shows that regulatory costs imposed by the government account for $93,870 (or 23.8%) of the current price of new homes.
Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.
Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.
“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan
“Don’t limit your focus on fair housing to one month. Do the right thing and commit yourself to a year-long observance of the law and treating everyone equally in their quest for housing.” — John Dulczewski, Executive Vice President, Greater Boston Association of Realtors
“A credit report and credit score are the gateway to a mortgage,” — NAR President Charlie Oppler.