NAR joins Capitol Hill event to elevate small businesses | What terms are included in the disclosure certification required by the Multiple Listing Options for Sellers Policy Statement? | What is title insurance?
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Shannon McGahn, center, joins lawmakers and industry leaders on Capitol Hill for a National Small Business Week discussion. (U.S. House)
To mark National Small Business Week, May 4-10, House Majority Whip Tom Emmer of Minnesota gathered members of Congress and an influential group of industry leaders to talk about pro-business policies. NAR's Shannon McGahn was there to discuss federal policy's impact on the nation's small real estate businesses. Full Story: REALTOR® Magazine (5/9)
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Answers About Multiple Listing Options for Sellers
What terms are included in the disclosure certification required by the Multiple Listing Options for Sellers Policy Statement?
The seller certification must include: (1) disclosure about the professional relationship between the participant and the seller; (2) acknowledgement that the seller understands the MLS benefits they are waiving or delaying with the exempt listing, such as broad and immediate exposure of their listing through the MLS; and (3) confirmation of the seller's decision that their listing will not be publicly marketed and disseminated by the MLS as an office exclusive listing or that their listing will not have immediate public marketing through IDX and syndication as a delayed marketing listing. Find more answers about NAR's new policy statement, Multiple Listing Options for Sellers, at facts.realtor.
Best Practices in Sales & Marketing
What is title insurance? Title insurance is like an extra safety net protecting homeowners from potential property issues, including claim disputes, unpaid liens from previous owners or even clerical errors in public property records. Real estate professionals can play a critical role in educating their clients about what title insurance is and why it's essential to a smooth and secure transfer of a property.
Grace-based leadership is essential in today's stressful work environment, where fear and frustration are common, writes leadership expert and author Julie Winkle Giulioni. Such leadership involves meeting employees with patience and compassion while maintaining accountability. Winkle Giulioni outlines six practices of grace-based leaders, including making space for humanity, assuming positive intent and responding rather than reacting. Full Story: SmartBrief/Leadership (5/8)
Real Estate Trends
Mortgage applications surge as rates remain level Loan applications took a sharp year-over-year uptick last week, another hopeful sign—after last week's NAR report on a pending-sales increase—that more home buyers are heading into the market. Full Story: REALTOR® Magazine (5/9)
Gallup: Americans see real estate among top investments Americans view real estate and gold as the best long-term investments, according to a Gallup survey. The survey shows 37% of respondents favor real estate and 23% prefer gold, while only 16% choose stocks. Advisers suggest investing in real estate investment trusts and gold exchange-traded funds to diversify portfolios. Full Story: CNBC (5/8)
Paris apartment showcases custom design, auction finds In a 755-square-foot Paris apartment, homeowners Clement Daventure and Clemence Orsini have created a space filled with custom designs and auction finds. The entryway features green fabric walls and a ribbed travertine baseboard, while the kitchen includes ceramic tiles inspired by a visit to Chichen Itza. Full Story: Architectural Digest magazine (5/8)
Technology & Innovations
Talk to your tech: Why you can't ignore new voice technology apps Voice technology isn't just for smart-home speakers. Today, it's being embedded into websites, apps and messaging platforms. Voice is our most natural communication method. It's faster than typing, more accessible than video, and easier to use on the go. It's perfectly suited for a service-centric profession like real estate that prides itself on relationships. Read more at NAR's iOi Collective blog.
Fair & Equitable Housing
Arizona gov. seeks to extend affordable housing tax credit Arizona Gov. Katie Hobbs has advocated for extending the state's tax credit program for affordable housing, which otherwise will expire this year. The program has funded 1,600-plus affordable housing units. Hobbs is urging the legislature to make the program permanent during ongoing budget negotiations. Full Story: KJZZ-FM (Tempe, Ariz.) (5/7)
Legislation & Regulation
Fed's patient approach unlike that of other central banks A divide is forming between how the U.S. Federal Reserve is approaching monetary policy and how other central banks are proceeding. The Fed has emphasized a cautious approach as it gauges the impact of tariffs and other issues. "It's not a situation where we can be pre-emptive because we actually don't know what the right response to the data will be until we see more data," Fed Chair Jerome Powell said this week. Full Story: The Wall Street Journal (5/8),Reuters (5/8)
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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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