Can Condo Board Hire Firm Without Residents’ Input?
Real Estate Q&A: The condo board hired a firm to remove iguanas from common areas. Can they do that without a vote? Yes, under the “business judgement rule.”
Real Estate Q&A: The condo board hired a firm to remove iguanas from common areas. Can they do that without a vote? Yes, under the “business judgement rule.”
NAR: The median donation was about $12K last year; it was $10K in 2020 and $5K in 2018. 2 out of 3 Realtors (66%) volunteered monthly, spending 8 hours on average.
Many agree inflation is still on track to ease some this year and much more in 2023. But factors like rent, food prices, wages and interest rates may affect the pace.
Facing higher home prices and rising interest rates, some buyers are now turning to adjustable-rate mortgages to bring down their costs, at least initially.
Successful teams engage in frequent communications with upper management. Agents should be coached on lead generation, conversion strategies and more.
NAHB: More single-family and multifamily construction is occurring in lower-density markets, in part because of affordability issues and hybrid work patterns.