The Association of Real Estate License Law Officials at a September meeting blasted the country's largest relocation company, Cendant Mobility, for disregarding an agreement it had made in the spring to stop collecting after-the-fact referral fees from unsuspecting brokers.
The sharp ups and downs on Wall Street this summer have underscored a major point about the American Dream: Homeownership is a solid investment. Also, a warning on pursuing expired listings, affordability figures, and office vacancies are down.
REALTOR.COM, the nation's leading real estate site, has joined forces with the search engine Excite. The relationship extends the reach of REALTOR.COM, which already has alliances with AOL, Infoseek, and Lycos.
AmeriNet Financial will be offering a discount fee to homebuyers and homesellers in its transactions in Oregon—but not a true affinity program—following an agreement with the state real estate commission.
WASHINGTON, D.C.—Low mortgage interest rates should be an incentive to potential homebuyers for months to come, say NAR economists. The Federal Reserve is not expected to raise interest rates anytime soon. That means the seasonally adjusted annual rate of existing-home sales, which was back up to a record pace of 4.8 million units...
A new REALTOR.COM program has started a fracas between RealSelect Inc., operator of REALTOR.COM, and several large real estate companies and competitor Web sites. At issue is whether the new program, which requires participating MLSs to make REALTOR.COM their preferred national real estate listing site, is in the best interest of brokers, consumers, and the real estate industry.
Although the initial reaction to the recent $100 million sale of Prudential Florida Realty to the St. Joe Co. was one of astonishment that another “outsider” had wanted to enter the real estate industry, a closer examination of the acquiring company provides a somewhat different insight.