Is a $1M Home Still Considered Luxury Housing?
The world’s affluent population – those with $5M-plus incomes – grew 19.8% in 2021. In the U.S. it was 24.8% in both population and wealth, up from 8.1% in 2020.
Homeowners Quicker to Sell and Move in 2021
Study: The average owner moved after 13.2 years in 2021, down from 13.5 in 2020. The reason? Remote work opportunities, low interest rates and rising home prices.
The Future of Cities? ‘Extreme Automation’
Cities took a hit during the pandemic but are resurging. Analysts say cars will soon self-drive, but buildings will also undergo a radical tech transformation.
New Standard of Practice: ‘Free’ for Buyers?
Dear Joey: A fellow Realtor told me about a new Standard of Practice, and it sounds like I can’t tell buyers that my service doesn’t cost them anything?
Court Allows Unusual RESPA Claim to Move Forward
The RESPA violation claim: A selling builder and affiliated title company promised bonuses to agents for successfully referring customers to the title company. Plaintiffs claimed it increased their title insurance costs.
Why Does My HOA Want a Proxy Returned?
If I return the election ballot, what’s the point of a proxy too? Also: Condo owners with common-element parking spaces should be able to install a vehicle charging station.
Dual or Variable Rate Commission?
Most if not all Florida MLSs provide participants a way to disclose whether their listing agreement for sale or rent contains a dual or variable rate commission arrangement. However, many members don’t fully understand the “dual or variable rate” definition.
Occupied Property: Selling Homes with a Tenant
Part 1 of 3: An owner wants to sell an investment home occupied by tenants. While this impacts a number of transaction details, the first step is a full discussion with the owner: Is there a lease? What does it say? Are the tenants onboard with the plan?
Judge’s Decision Disappoints Fla. Condo Owners
Condo owners frustrated by alleged embezzlement of funds by their management company weren’t happy with a ruling that limited access to bank records.
NAR President Says Realtors Support Ukraine
Leslie Rouda Smith released a statement expressing Realtors’ “deep concern for Ukraine,” along with a list of three charities if members wish to help.