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Real Estate News

• Marketing Service Agreements, RESPA and You December 1, 2022
  It’s not illegal to have a marketing service agreement (MSA), but the Real Estate Settlement Procedures Act (RESPA) rules do tie your hands a bit. Here’s what you need to know for a successful MSA that doesn’t break the law.
  izaakh
• Think You Know the Code of Ethics? Take the Quiz December 1, 2022
  Think you know the Code of Ethics backwards and forwards? Test your knowledge and have a little fun with this Code of Ethics quiz.
  izaakh
• Fed Inflation-Percent Gauge Hits One-Year Low December 1, 2022
  An inflation measure used by the Federal Reserve found prices up 6% in Oct. While still too high, it’s the lowest inflation price increase since Nov. 2021.
  kerrys
• At 6.49%, Mortgage Rates Down for Third Week December 1, 2022
  After hitting a 20-year high above 7% less than a month ago, the average 30-year, fixed-rate loan has fallen almost half a percentage point.
  kerrys
• FEMA Extends App Deadline as Support Nears $3B December 1, 2022
  New deadline for Hurricane Ian survivors to apply for FEMA aid: Jan. 12. FEMA says it has provided more than $2.97B in grants, loans and flood payments so far.
  kerrys
• Use Real Estate Newsletters to Get More Clients December 1, 2022
  Newsletters are a direct and semi-personal contact with potential clients, and agents’ websites should strongly encourage visitors to sign up.
  kerrys
• NAR: Pending Sales Drop 4.6% in October December 1, 2022
  It’s the fifth consecutive month for a pending-sales decline. They were lower year-to-year in all four U.S. districts and increased month-to-month only in the Midwest.
  kerrys
• Fake Sellers, Fake Landlords: What’s Real Anymore? December 1, 2022
  The advice for anyone you meet in real estate? Trust but verify – which means don’t fully trust anyone who isn’t your mother. Scammers continually find new ways to separate you, your buyer or your seller from their money.
  izaakh
• 2023’s New Conventional Loan Limit: $726,200 December 1, 2022
  FHFA announced new conforming loan limits for 2023, and most buyers can borrow up to $726.2K without a jumbo loan – and it’s over $1M in some areas.
  kerrys
• Use a Cancellation Notice or Release and Cancellation Form? December 1, 2022
  Some buyers assume they can cancel a contract by sending a Florida Realtors form Release and Cancellation to the seller or seller’s representative. However, their assumption misses some key contractual provisions regarding notice.
  izaakh