In his new role, Dr. Meadows will focus on building relationships with elected officials, advocating for legislation that supports REALTORS® and homeowners, and ensuring that the Bronx’s unique housing challenges are represented in policy discussions at all levels of government.
“At this critical stage of the housing market, it is all about mortgage rates,” said NAR Chief Economist Lawrence Yun.
The report warns that if Westchester fails to address its growing housing shortfall, the county could lose between 8,400 to 12,000 jobs annually and $533 million to $742 million in annual earnings.
In the settlement, we have agreed to require MLS participants working with buyers to enter into written representation agreements with their buyers. This change will go into effect in mid-July 2024.
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.
Black (26%) and Hispanic (22%) applicants experience higher denial rates for mortgage applications compared to their White (16%) and Asian (15%) counterparts,
NAR’s view is that all relevant cases should be included in any consolidation (including buyer and seller cases), and the Northern District of Illinois is best placed to address the industrywide issues these cases present.
Kasper stated in an announcement that she refused to compromise her position and in fact reported the threat to law enforcement. NAR President-elect Kevin Sears has stepped into the role of NAR President, effective immediately.
The Northeast, Midwest and West posted monthly gains in transactions while the South recorded a loss. All four U.S. regions registered year-over-year declines in transactions.
The compensation structure plaintiffs’ lawyers would like to dismantle—one in which listing brokers offer compensation to buyer brokers for finding a buyer—promotes consumer choice, encourages market competition and boosts access to homeownership.
Bouhia to play critical role in communicating NAR's perspective on emerging issues and helping spread awareness of the value of the organization.
Existing home sales fell year over year all over the United States, down 14.6% to a seasonally adjusted rate of 3.79 million completed transactions that include single-family homes, townhomes, condominiums and co-ops.
Wright takes the helm of NAR November 27 as interim CEO and doesn't shy away from a challenge. What can NAR members and staff as she steps into the role?
Tracy Kasper, president, Kevin Sears, president-elect and 18 other national and regional vice presidents assumed their offices at NAR NXT in Anaheim.
Pros should continue to use buyer representation agreements that provide an opportunity to talk about your value, the services you provide and how you will work in the client’s best interests.
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