Dos and don'ts for working with buyers and sellers
What are the responsibilities of real estate agents when navigating the practice changes? Keep these "dos" and "don'ts" for working with home buyers and home sellers in mind, and when in doubt, turn to the REALTOR® Code of Ethics as you support your clients during one of the most important transactions of their lives.
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"Slow is fast" is a leadership principle that can enhance team morale and performance by fostering trust and collaboration, writes David Finkel, CEO of Maui Mastermind. Leaders can implement this by prioritizing one-on-one conversations, being fully present, asking questions and celebrating small wins, Finkel writes.
Latinos are significantly influencing the U.S. real estate market, with projections showing they will account for over 70% of residential purchasing power in 20 years, according to the Urban Institute. In 2022, the Hispanic homeownership rate reached 51% for the first time.
Google Home automation can enhance daily routines and home efficiency. Key setups include controlling multiple lights with a single command, automating perimeter lights based on sunset and sunrise and adjusting climate controls. Additionally, routines can be set to turn on lights and play the news and support workday productivity with scheduled reminders.
Storytelling is a vital tool for leaders to drive meaning and engage employees by making visions tangible, giving them emotional appeal and making them easy to remember and retell, says Joel Podolny, the former head of Apple University and Yale's business school, who is now CEO of Honor Education. "It's not just that the leader tells stories, but the people are good at retelling the story that the leaders told," Podolny notes.
Activists and residents in Binghamton, N.Y., held a rally at the Broome County Department of Social Services to demand more affordable housing and better resources for homeless families. Organizer Jasmine Stradford highlighted the challenges of living in temporary hotel accommodations, while a study indicates that 47% of renters in the county spend more than half their income on housing.
The commercial real estate industry in the U.S. is pushing to keep tax breaks and incentives that were introduced during Donald Trump's presidency. These include deductions for pass-through businesses, like-kind exchanges and low capital gains taxes, which are set to expire soon. The industry is concerned about potential tax increases, as it's currently facing challenges like high vacancy rates and increased financing costs.
The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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