A playbook for agents working with first-time buyers | Does Standard of Practice 16-16 prohibit the negotiation of buyer broker compensation in a buyer's purchase offer? | NAR Fair Housing Champion Paul Yorkis: Lobbying for language accessibility
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A playbook for agents working with first-time buyers Buying a single-family home for the first time is challenging, but even more so in a time of inventory shortages and affordability issues. Help ease anxiety by sharing these useful steps. Full Story: REALTOR® Magazine (4/29)
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No. A buyer can always ask their buyer broker to make it a term of the purchase offer that the seller pay certain compensation to the buyer broker. Standard of Practice 16-16 prohibits a REALTOR® from attempting to modify the terms of a listing agreement through the terms of an offer because the listing agreement is a contractual matter between the seller and the listing broker. However, the seller and the listing broker may independently choose to amend the listing agreement or take any other action they deem appropriate based on the seller's negotiations with the buyer. Standard of Practice 16-16 also prohibits a REALTOR® from delaying or withholding delivery of a buyer's offer while attempting to negotiate a buyer broker compensation. Get more facts about NAR's settlement agreement at facts.realtor.
Before hiring influencers, check for red flags While genuine social media influencers can provide significant value for brands, some promise what they can't deliver and others knowingly perpetrate fraud. Timothy Kelly advises companies to stay alert for red flags like low follower counts or sudden spikes, vague or repetitive comments and discrepancies among demographics and platforms. Full Story: Forex (4/25)
Start-up founder says "embrace what makes you different" Denver business leaders shared key career advice with the Junior Achievement Free Enterprise Center in Greenwood Village, Colo., a platform for high school students to explore careers and develop entrepreneurial skills. Experts offered advice like recognizing challenges as opportunities and surrounding yourself with the right people, while Darian Simon, co-founder of a clothing company, told students to "embrace what makes you different." Full Story: CNBC (4/24)
"Bite-sized" approach best when crafting interiors Kate Rohrer's success in hotel and restaurant design has proven to be the best marketing for her residential interior design practice, Rohe Creative, with a client list that includes chef Michael Schulson and director M. Night Shyamalan. "We always encourage people to take bite-size pieces," Rohrer says. "You don't have to paint your entire living room red. You can add a small red pillow, vase or accent blanket." Full Story: Mansion Global (4/29)
Empathy and active listening can help leaders get a feel for the emotional undercurrents among their staff and be better prepared to address emotions as they arise, writes psychologist Kathy Miller Perkins, who recommends leaders engage in self-reflection and seek a diversity of views to understand their teams better. "Regular check-ins and designated 'safe to speak' meetings can reinforce a culture where team members feel valued and heard," Miller Perkins notes. Full Story: Forbes (tiered subscription model) (4/25)
Expert Leah Rothstein explains how laws and policies at all levels of government have contributed to affordability challenges five decades after the Fair Housing Act was enacted. She cites the persistent homeownership gap between whites and nonwhites. Full Story: WFMZ-TV (Allentown, Pa.) (4/25)
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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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