This joint decision by the event sponsors reflects their shared commitment to delivering an event that offers the greatest value, insight, and impact for all participants.
The board action brings greater clarity to Standard of Practice 10-5, which prohibits members of NAR from harassing any person or persons based on race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity.
Some of the project highlights include the construction of a five-story facility with each floor consisting of approximately 600,000 square feet of space.
According to the Realtor.com report, the New York-Newark-Jersey City, NY-NJ-PA market posted a median rent of $2,852 in February, as compared to the Monthly Buy Cost of $4,995, for a savings of $2,143 and a 75% cost difference.
The settlement achieves two important goals: protecting members to the greatest extent possible and preserving consumer choice.
There were 426 closed sales transactions and 610 pending sales transactions reported for condos in February 2024, representing a 12.4% increase in closed sales transactions and a 23.0% increase in pending sales transactions.
The $33.8-billion bonus pool for 2023, which closely matched the 2022 pool, was well below the 25% growth seen in 2020 ($37.1 billion).
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 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.
“Our goal is to increase our CID membership and we hope to have at least 200 members by the end of next year.”
HGAR’s Fernandez reported to the more than 60 attendees that the association will release its latest Strategic Plan soon and asked that all members fill out their Member Engagement Profiles.
When we start talking about quotas, or taking from one and giving to another, we’ve lost sight of what true diversity, equity, and inclusion means.
Median home price growth expectations remained unchanged for the fifth consecutive month at 3.0%.
A key data point will be the CPI reaching its 2% target. The latest CPI number for February was 3.1%.
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