LEGAL CORNER UPDATE: A Small but Significant Change: A ‘Squatter’ is Not a ‘Tenant’
A noteworthy legislative amendment was the exclusion of “squatters” from the definition of “tenant” under the current tenancy laws.
The listing broker retains the right to determine the amount of compensation offered to subagents, buyer agents, or to brokers acting in other agency or nonagency capacities, which may be the same or different.”
In addition to the financial payment, NAR has agreed to put in place a new MLS rule prohibiting offers of broker compensation on the MLS.
A key data point will be the CPI reaching its 2% target. The latest CPI number for February was 3.1%.
According to the Centers for Disease Control, every year more than 805,000 people in the U.S. suffer a heart attack, and in 2021 alone, some 695,000 died from heart attacks.
As the spring selling season approaches, the region’s home sales sector is bolstered by a noticeable increase in pending sales throughout the region.
Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Black (26%) and Hispanic (22%) applicants experience higher denial rates for mortgage applications compared to their White (16%) and Asian (15%) counterparts,
While 62% of the National Association of Realtors is comprised of women, a little less than 20% are Broker/Owners. “We have advanced as women in leadership, but we’re still not there in terms of being equal to our male counterparts,”
In addition, the governor reported that two Orange County communities—the villages of Highland Falls and Montgomery—$4.5 million each from the NY Forward program.
Certified communities include locations in Long Island, the Mid-Hudson, Central New York, Western New York, Mohawk Valley, Southern Tier, North Country, and Capital regions.
“This year you will hear me speak about ‘Stronger Together’ because that is what we are. We are stronger together,” Bauman told the Installation Gala event gathering.
Brokers contend that companies will be attracted to Class A-type space, while properties rated at either B or C will have trouble attracting tenants.
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