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‘Worst possible outcome’: Industry experts weigh in on DOJ’s desire to decouple commissions

Housing Wire

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system. Nick Caccia, a Greenville, Rhode Island-based producing sales manager at CrossCountry Mortgage , said that it’s hard enough getting a loan to the closing table, especially with the rates where they are.

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Buying a Short Sale Property? Your Guide to Short Sale Requirements for Buyers

HomeLight

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. Short sales are rarer in the housing market nowadays.

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Miami-Dade Total Home Sales Continue Surging in January 2021

Realty Biz

Miami-Dade County total home sales posted a double-digit increase for the fifth consecutive month in January 2021 as pent-up demand and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami single-family home sales rose 9.1%

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How real estate professionals can help first responders buy a home

Housing Wire

Did you know that HUD has an online search where you can find homes for sale all over the country that qualify for different special programs? Stop relying so heavily just on your MLS! Be the one who’s in the know! You can even search for investors, first time buyers, first responders, etc.

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Selling a House ‘As Is’ in Louisiana

HomeLight

As is” is a type of home sale where it’s understood that no improvements will be made to the property. An as-is sale may also indicate that the functionality and longevity of specific home components, such as the water heater or the roof, are in less than perfect condition and may need considerable repair.

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How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? A short sale is an alternative to foreclosure in which the homeowner gets permission from the lender to sell the home for less than is owed.