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Industry News
Tax-credit bounce evident in PA home sales
At the beginning of 2010, for a majority of the reporting regions, sales activities were down, however, sales uniformly picked up in the second, third and fourth months. »
No Comments »Virtual office increases communications between REALTORS®
Coldwell Banker Hearthside, REALTORS® started a “virtual office” for agents in its Malvern location several weeks ago. The goal of this pilot project is to reduce the office’s overhead costs and eliminate the need for agents to be in the office. »
7 Comments »PAR makes national news headlines for foreclosure study
The Pennsylvania Association of REALTORS® made national news headlines in the last several weeks for a study on foreclosures it commissioned. Undertaken by Florida-based polling firm Strategic Guidance Systems (SGS), the research was funded by a $60,000 National Association of REALTORS® (NAR) Foreclosure Prevention and Response Grant. »
No Comments »Request for mediation: Report or not report?
All E&O policies have a notice of claims provision. Brokers know that when served with a court-filed complaint, notice to the insurer must quickly follow, however, all claims received in writing or threatened should be reported to the E&O insurer if one wishes to preserve coverage. »
2 Comments »Social media policies provide risk management for brokers
National Association of REALTORS® (NAR) Associate Counsel Katie Raynolds said a social media policy provides a guideline for employees and agents so they know how the company expects them to represent themselves and the firm online. »
No Comments »Testimonials increase REALTORS®’ credibility
Testimonials build credibility in the real estate market; the difference is how to use them in today’s market. “It’s a well-known fact that third-party endorsements raise your credibility,” said Joeann Fossland, a national speaker and coach based in Arizona. »
No Comments »Manage the lending process for multicultural consumers
Carefully managing the multicultural homebuyer’s loan process is a great way for REALTORS® to grow an often overlooked customer segment. Brokers who have been successful in servicing multicultural homebuyers found demonstrating trust and carefully facilitating the entire transactional process as sound best practices when working with multicultural homebuyers. »
No Comments »FHA launches short refi for underwater homeowners
FHA will offer the new FHA-insured mortgage to certain “underwater” non-FHA borrowers who are current on their existing mortgage and whose lenders agree to write off at least 10 percent of the unpaid principal balance of the first mortgage. »
No Comments »Today’s consumers expect instant responses
Putting the consumer’s needs first is imperative to success, according to Marilyn Wilson of the WAV Group, a real estate research company. »
No Comments »The great debate: McMansions vs. city center condos
The cultural values of the urban-built environment have enabled American citizenry to obtain and maintain the best housing stock in the world. Certainly, immigrants to the U.S. view access to quality housing as a real dream: it is one of the most important features of life here. »
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