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Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

Seller concessions for VA borrowers are capped at 4% of the home’s purchase price or appraised value and can cover some closing costs, including the VA funding fee and prepaid taxes. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions. Realtors will have to decide, do I negotiate or not?

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The CCIM Designation: Is It Worth It for Residential Agents in 2020?

The Close

After 26 years of being a residential real estate agent, managing broker, and real estate coach, I too have wondered if there is a massive benefit for me to get my CCIM designation. OK, let’s start at the beginning: What Is a CCIM Designation? CCIM stands for Certified Commercial Investment Member. Cost of CCIM Courses in 2020.

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What Causes Pre-Construction Condo Cancellations?

Toronto Realty Blog

I see the failed 2007 development called “Giraffe Condos.” ” This project wasn’t economically viable because the city of Toronto wanted 10-storeys but the developer wanted 27-storeys. So why not start taking deposits on an empty site when you don’t even have an agreement with the city on what to build?

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.

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Be Focused

The Residential Specialist

Some niches can transcend geography and be developed in any city across the country. Once upon a time, it was improper for a single woman or man to purchase a home pre-marriage. Angelina Feichko, CRS, Sold By An Angel Real Estate® owner and principal broker, is helping her North Salt Lake, Utah, clients ditch that outdated belief.

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What Must Be Disclosed When Selling a House in California?

HomeLight

Generally, a seller’s disclosure is a standard form containing material defects and features of the property for sale; it’s one of the many documents that you need to collect and complete before selling your home. This requirement to disclose applies to real estate property of 1 to 4 dwelling units transferred by a sale.

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Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

The amount varies, but it is usually based on a percentage of the home’s purchase price. William Hagan , a New Jersey agent who typically sells homes more than 40% faster than the average agent in his area, warns that even a 20% down payment may not be enough to win a bidding war in the 2021 sales market. “In Homeowners taxes.

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