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Daily Archives: July 28, 2022

What Happens to Pending Sales if Agents Leave?

Florida RealtorsBy July 28, 2022

Lots of confusion over this one: What happens to an associate’s pending transactions if they depart one brokerage to work for another – do they stay with the original broker or transfer? Fla. law doesn’t offer rules, so it’s important to have a plan.

Does a Short, Simple Clause Answer the 5 W’s?

Florida RealtorsBy July 28, 2022

Clients want to add a simple clause to a contract? It isn’t always simple. When parties add short clauses to their contracts, there can be pitfalls if the clause lacks detail.

Antitrust Law Applies to Associations, Realtors

Florida RealtorsBy July 28, 2022

A very non-legal definition: U.S. antitrust laws ban competitors from forming an alliance and “ganging up” on other businesses. A town’s two dominant brokerages, for example, can’t try to run a new entrant out of town.

Realtors Selling Their Own Property: Still Bound to Follow the Code?

Florida RealtorsBy July 28, 2022

Dear Shannon: If a Realtor sells a home they also own, are they still subject to the obligations of the Code of Ethics? What if a Realtor isn’t acting on behalf of others in the transaction?

Worst Part of a Cyberattack? Getting Sued

Florida RealtorsBy July 28, 2022

What if a savvy hacker accesses your customer’s data? It’s not just a technology question. Affected customers may file a lawsuit and demand to know what steps you took to prevent cyberattacks.

Fed Message: No Recession, Worst May Be Over?

Florida RealtorsBy July 28, 2022

The chair had harsh words for inflation but also said rate increases seem to be having an effect. He seemed to say the U.S. is closer to the end than the beginning.

State Offers Plan for Insurance Rating Problems

Florida RealtorsBy July 28, 2022

The Fla. agency that backs policies after an insurer bankruptcy will work with Citizens to keep state insurers solvent if Demotech ever again threatens to lower ratings.

Mortgage Rates Pull Back this Week, Drop to 5.3%

Florida RealtorsBy July 28, 2022

In spite of the Fed’s 3/4-point interest rate increase on Wed., the average rate for a 30-year, fixed-rate mortgage fell to 5.3% from last week’s 5.54%.

N.J. to Companies: Make Workers Return

Florida RealtorsBy July 28, 2022

f N.J. granted tax breaks to convince a company to relocate, it says it expects the employees to frequent local businesses – not work remotely from states like Fla.

Orlando a Hot Market for All-Renter Neighborhoods

Florida RealtorsBy July 28, 2022

National Rental Home Council: Built-to-rent single-family developments made up 3% of rental home inventory in 2019; by the end of 2021, it rose to 26%.

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