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ERA Announces Wyoming Brokerage Acquisition
ERA Carroll Realty, based in Sheridan, Wyoming, has acquired Buffalo Realty in Buffalo, Wyoming, which is now doing business as Buffalo Realty ERA Powered. The move connects two important markets serving the Big Horn Mountain region, increasing ERA Carroll Realty?s service area and market share. Buffalo Realty ERA Powered?s clientele buy and sell a variety…
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A Look Back at the 2023 Rookie of the Year Regional Finalists: Part 1
Above, Heather McColaugh, Eric Landry Back for its third year, RISMedia?s Rookie of the Year contest honors agents who are new to the business yet achieving extraordinary results. And now is the time to nominate a 2024 Real Estate Rookie of the Year! Nominations may be submitted here. Deadline ends 11:59 p.m. on Wednesday, June…
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Hold the Commission Talk: Zillow?s New Touring Agreement Lets Buyers Test the Waters
Most people want to date before becoming exclusive, and the same goes for hiring a real estate agent, per Zillow. Last month, the company unveiled a short-term touring agreement to get ahead of the buyer-agency agreement stipulation in the proposed NAR settlement?and has now shared additional details with RISMedia. Long-term exclusive agreements from the get-go…
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DOJ Lawyer: No Offers of Compensation ?Anywhere?
Antitrust regulators at the Department of Justice (DOJ) appear unsatisfied with the agreement struck between the National Association of REALTORS® (NAR) and plaintiffs in commission lawsuit class-actions, with a DOJ lawyer saying explicitly that they do not want any offers of compensation made by seller agents to buyer agents At a court hearing today in…
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U.S. Tappable Equity Reaches Record $11 Trillion
Rising interest rates might be sidelining would-be homebuyers, but the ongoing shortage of inventory on the market is keeping home prices elevated. That?s why U.S. homeowners now have a record $11 trillion in tappable equity as of March, according to the May ICE Mortgage Monitor Report. Home-price growth eased slightly in March by 5.6%, compared…
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United Real Estate Expands Alabama Operations in Third Merger
United® Real Estate has announced a merger in its Alabama operations and the expansion of its service footprint. Matlock Realty Group has joined Leading Edge Real Estate Group, growing the brokerage to over 300 agents who are now serving all of Alabama. This move follows its 2023 merger with Revolved Realty, a release noted. In…
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NAR Appeals Circuit Court Decision Allowing DOJ to Restart Investigation
The National Association of REALTORS® (NAR) is appealing a recent court decision that allowed federal antitrust investigators to re-open their inquiry into real estate rules and practices, making another push to stymie potential further efforts by regulators to alter policies foundational to the industry. Filed late yesterday in the D.C. Circuit Court of Appeals, NAR…
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Benefits and Risks of Use and Occupancy Agreements
In a real estate transaction, a Use and Occupancy Agreement (U&O) presents a unique solution for buyers and sellers under certain circumstances. This agreement allows a buyer to use and occupy the property before closing the sale. Conversely, it can enable a seller to continue occupying the property post-sale. I will examine the benefits and…
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The Ivan and Mike Team: Ruling South Florida and Winning Awards Via 24/7 Mindset
Above, Ivan Chorney, left, and Michael Martirena Founded by Ivan Chorney and Michael Martirena in 2015, the Ivan and Mike Team is a top-performing real estate group in South Florida that provides concierge-level service backed by in-depth market knowledge and integrity. Their success over the years has allowed them to grow to include 10 additional…
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Legislative Round-Up: State and National Efforts to Expand Housing Access Continue
Editor?s Note: The RISMedia series, Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. Supreme Court rules in favor of Consumer Financial Protection Bureau On Thursday May 16, 2024, the U.S. Supreme Court overruled a challenge to the constitutionality of the Consumer Financial Protection Bureau (CFPB). The Consumer…
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