Pending Home Sales Climbed 2.0% in October

Pending Home Sales Climbed 2.0% in October

NAR’s Pending Home Sales Index increased 0.9% in the South to 90.0 in October, up 2.5% from a year ago. Pending sales grew across the U.S. WASHINGTON – Pending home sales ascended in October – the third consecutive month of increases, according to the National...
Judge Grants Final Approval of NAR Settlement

Judge Grants Final Approval of NAR Settlement

The court heard from all parties as well as objectors and the Department of Justice, and is expected to soon issue a formal written order. CHICAGO — Today, the U.S. District Court for the Western District of Missouri granted final approval of the National Association...
Florida’s Law for Written Listing Agreements

Florida’s Law for Written Listing Agreements

By Maria Marchante In Florida, written listing agreements must include an end date. Sellers should receive a copy of the signed agreement. ORLANDO, Fla. — The Florida Statutes have an entire chapter just for real estate licensing. Within Chapter 475, there are many...
Ending Buyer Broker or Listing Agreements Early

Ending Buyer Broker or Listing Agreements Early

By Joel Maxson There are important differences between a conditional and unconditional termination when a buyer or seller and brokerage firm agree to part ways. ORLANDO, Fla. — Florida Realtors® forms include an Exclusive Buyer Brokerage Agreement (EBBA) and Exclusive...
October New Home Sales Down on Higher Rates

October New Home Sales Down on Higher Rates

New home sales dropped 17.3% in October to 610,000, with a 9.4% annual decline. Median price was $437,300, and 481,000 homes were for sale. WASHINGTON — Steadily rising mortgage rates coupled with ongoing affordability challenges kept many potential home buyers on the...
Test Your Knowledge of the Code of Ethics

Test Your Knowledge of the Code of Ethics

By Shannon Allen Many Realtors think they have a good handle on the Code of Ethics.  Most of it’s just common sense, right? Test your knowledge and have a little fun with this Code of Ethics quiz. Dear Shannon: Our Grievance Committee and Professional Standards...