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Condo Q&A: Is It Legal for HOAs to Have 50/50 Raffles?

Realtor News - Wed, 10/27/2021 - 23:10
Also: A condo owner lives in a 125-unit community, and was told they need a website and must post certain official records. Must they? And: An independent contractor/handyman doesn’t legally need workman’s comp insurance. Is it okay to use him?

Think Only Felonies Are Reported to the Division of Real Estate?

Realtor News - Wed, 10/27/2021 - 23:10
Chapter 475 oversees real estate licensees, but Fla. licensees also have other obligations under Chapter 455. It’s a growing problem for licensees called before FREC, because “I didn’t know I had to report that” doesn’t carry much weight.

Duty to Cooperate: Do They Have to Call Me Back?

Realtor News - Wed, 10/27/2021 - 23:10
A listing agent told a buyer’s agent that they’d call back to follow up. But they didn’t. Is there a cooperation requirement that says an agent should always return calls and texts?

Be on the Lookout for Fake Sellers

Realtor News - Wed, 10/27/2021 - 23:10
Scam alert: The pandemic led to an increase in online transactions, giving scammers a new window of opportunity: They’re contacting members as sellers who want to list their “home” – but it’s for a property they don’t actually own.

Business Economists Less Optimistic Over Next Year’s Growth

Realtor News - Wed, 10/27/2021 - 05:10
Most economists in an annual survey agree that the U.S. economy will continue to grow next year. Two out of three predict 3%-5.9%, but 1 in 3 says only 0.1%-2.9%.

How Many Shadow Homebuyers Pulled Back Temporarily?

Realtor News - Wed, 10/27/2021 - 04:10
Some buyers have seen tons of homes, put in multiple bids, lost out each time, gave up and signed another one-year lease. That doesn’t mean they don’t still dream about owning a home; it means they’re burned out on the buying process and will be back after they recuperate.

New Homes in a Few Small Markets See a Drop in Demand

Realtor News - Wed, 10/27/2021 - 04:10
In a couple areas, builders that broke ground on new homes earmarked for city-fleeing residents are seeing a drop in demand and cutting prices.

HUD Settles Case Alleging ‘National Origin’ Discrimination

Realtor News - Wed, 10/27/2021 - 04:10
HUD’s complaint focused on a Phoenix-area renter who said their landlord didn’t provide needed language services. The owner will pay $34K and update procedures.

PPP Is Gone – But Government Help for Small Businesses Isn’t

Realtor News - Wed, 10/27/2021 - 04:10
PPP loans – the best-known business aid of the pandemic – ended May 31. But there are other options, such as EIDL or SBA 7(a) loans, plus local or state grant programs.

Workers Want Offices that Look Like Their Living Rooms

Realtor News - Wed, 10/27/2021 - 04:10
Why go back to an office if your chair is comfy and you’re 10 steps away from coffee? To entice workers, office remodels are adding lounges, green spaces and gyms.

74% of Seniors Say Best Financial Decision Was Buying a Home

Realtor News - Tue, 10/26/2021 - 04:10
Beyond a home’s sentimental value, 74% of older adults surveyed said buying was the best financial decision they ever made. For 73%, it’s their most valuable asset.

Oct. Consumer Confidence Improves as Delta Fades

Realtor News - Tue, 10/26/2021 - 04:10
After three declining months, U.S. consumers felt better in Oct. about both the current and future economy, with the confidence index rising 4 points to 113.8.

Will More Closings Fail and Buyers Lose Deposits?

Realtor News - Tue, 10/26/2021 - 04:10
In 5 days, new FR/Bar contract versions will be released. Are you ready? Florida Realtors Legal Hotline already expects calls from members who didn’t prepare.

September New Home Sales Jump 14%

Realtor News - Tue, 10/26/2021 - 04:10
New single-family homes hit a seasonally adjusted annual rate of 800K units last month – well above economists’ expectations.

Aug. Home Prices Surged at Near-Record Pace

Realtor News - Tue, 10/26/2021 - 04:10
The S&P CoreLogic Case-Shiller 20-city home price index soared 19.7% in August compared to one year ago – only slightly less than July’s 20% jump.

Coalition Pushing FHFA to Fund More Affordable Housing

Realtor News - Tue, 10/26/2021 - 04:10
20 housing groups want more out of Fannie and Freddie’s “Duty to Serve” regulation – specifically more funding for manufactured, rural and affordable housing.

How to Turn a Cold Call Into a Warm Call — That Gets Results

Realtor News - Mon, 10/25/2021 - 22:10
You get a lead. You call and no one answers. Frustrated, you move on. Big mistake. Here’s a simple plan for getting people to pick up the phone.

Canadians Can Travel on Nov. 8 – but How Many Will?

Realtor News - Mon, 10/25/2021 - 04:10
In two weeks, fully vaccinated Canadians can return to Fla. While the housing-market impact isn’t clear, travel agents report a “significant uptick” in reservations.

2021 Homebuyers: Middle-Aged, Married, College Educated

Realtor News - Mon, 10/25/2021 - 04:10
The average American homebuyer is 45 years old, married or partnered, college-educated and likely buying a home located in the South; 26% are age 30 to 39.
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