Seller: ‘Can We Get Out of the Deal to Sell Our Home?’

It isn’t always a simple answer. A contract may offer advice, but buyers can sue for “specific performance.” And it’s not just the house – agents representing the buyer and/or seller may also deserve compensation.
Read MoreSolar Panels – Questions to Ask Before Contract

If a seller’s home has solar panels, they should research how those panels could impact their transaction before going under contract.
Read MoreAgents Must Send Copies of Escrow Checks – Right?

In a nutshell: Unless a contract states that a copy of an escrow deposit must be sent to the seller, a buyer or their agent has no legal obligation to do so.
Read MoreDisclose Status as an Owner and a Realtor

A Realtor sold personal property outside her brokerage as a FSBO (for sale by owner). After the sale, though, the buyer filed a complaint and she was found in violation of Article 12. If it’s a FSBO sale, how is that a violation?
Read MoreCitizens Gets OK to Move Another 125K Policies Out

Four private insurance companies received state approval to move policies, though the actual number will likely be lower. Slide will take the most – up to 75K.
Read MoreA Matter Smart Technology Home? Note It in the Listing

Samsung’s tech home organizer controls everything from a single app – a big draw for buyers who want a home that’s already set up for future technology upgrades.
Read MoreBiden Admin Releases Blueprint for AI Use

A 143-page Executive Order gives departments a timeline to create AI rules. HUD and CFPB, for example, have 180 days to focus on Fair Housing Act discrimination.
Read MoreOwners Not Selling? ‘Lock-In Effect’ Isn’t Only Reason

While owners don’t want to give up 3%-ish mortgage rates, a survey found that’s a secondary concern to low inventory challenges making it harder to find a place to go.
Read MoreHUD Wants to Use Ex-Cons for Fair Housing Testing

A proposed rule would allow fair-housing testers to have prior convictions – a way to determine if a landlord illegally turns away renters based on criminal history.
Read MoreFed: No Rate Hike, but Future One Still Possible

The Federal Reserve didn’t change interest rates on Wed. because existing tight “financial and credit conditions … are likely to weigh on economic activity.”
Read MoreNAR: RE Compensation Lawsuit Far from Over

A jury found NAR and others liable in a compensation lawsuit, but the association will immediately appeal and the case probably won’t conclude for several years.
Read MoreU.S. Consumers Pessimistic in Oct. – But Still Spending

The U.S. Consumer Confidence Index fell for the third month in a row to 102.6 from Sept.’s 104.3. A top concern: The rising cost of goods and services.
Read MoreFHFA: Aug. Housing Prices Rose 5.6% Year-to-Year

Home prices aren’t coming down, at least not in most of the U.S. The study of Fannie/Freddie data found just 1 of 9 divisions showing “moderate weakness.”
Read MoreEvery Real Estate Agent Needs a CRM

“I forgot to call that potential buyer back” usually means “I lost that potential buyer.” A good customer relationship management (CRM) system can fix that.
Read MoreFla. Consumers Unimpressed with Resilient Economy

UF’s Oct. consumer sentiment survey found a drop in Floridians’ attitudes about the economy, but only a bit – and notably less than the companion national survey.
Read MoreRE Q&A: Is a Reverse Mortgage a Bad Idea?

An older couple has home equity and wants to use some of that money to augment their fixed income hit by inflation. A reverse mortgage sounds ideal – but is it?
Read MoreCounselors of RE List Top Industry Issues for 2024

Too few sellers, high home prices, 8%-ish mortgage rates and strong buyer demand made the list, but so did AI and the “staggering costs to repair … aging infrastructure.”
Read MoreCondo Reserve Rules Push Some Toward Foreclosure

Some fixed-income condo residents in older buildings must pay for expensive deferred-maintenance repairs as they watch their property insurance costs rise.
Read MoreBuy or Rent? For Monthly Payments, It’s Rent

Ownership offers fixed payments for 30 years and slowly building equity, but those on a fixed budget today haven’t seen such a strong rent advantage since 1996.
Read MoreBest Return on Investment (ROI)? Old-School Networking

RE and mortgage pros were asked what generated the most business for them, and most agreed that physically meeting people got them the best bang for their buck.
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