'Cicada-geddon' may wreak havoc on commercial buildings | When will the practice changes following NAR's proposed settlement agreement take effect? | Survey: Buyer's remorse rooted in surprise property issues
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On Aug. 17, NAR's mandatory MLS policy changes, which implement the settlement's required practice changes, will take effect. The settlement requires NAR to implement the practice changes no later than the date of class notice. Aug. 17 is the earliest date of class notice. Additionally, to comply with NAR's mandatory national MLS policies, REALTOR® MLSs must implement the practice changes by Aug. 17. NAR shared these practice changes in early May to provide a three-month window for NAR members and MLSs to prepare to implement these changes. Get more facts about NAR's proposed settlement agreement at facts.realtor.
Business owners share how they handle pressure Business owners and entrepreneurs recently posted tips for managing the everyday stress of operating a business on LinkedIn. Tips include categorizing work in a "to-do" list, setting hours for work and play, carving out time for exercise and other healthy habits, reaching out to other entrepreneurs or friends to vent and staying aware of what's causing you stress. Full Story: LinkedIn (5/28)
iOS expands support for smart home devices The upcoming iOS 17.6 update will expand support for various smart home accessories, integrating new features from the Matter 1.3 specification. This includes enhanced air quality monitoring and support for robotic vacuum cleaners, with updates also coming to macOS, watchOS and tvOS. Full Story: AppleInsider (5/29)
You can assess the quality of your workplace culture by measuring it against five levels of what S. Chris Edmonds calls "workplace inspiration," that run from cultures of dysfunction that feature open disagreement and intimidation to cultures of validation where teams respect each other and cooperate. Use annual custom assessments to "provide insights into how employees perceive your culture," Edmonds recommends. Full Story: SmartBrief/Leadership (5/28)
Fair & Equitable Housing
Mortgage rates put ownership out of reach for many renters With mortgage interest rates currently around 7%, twice as high as they were three years ago, home ownership is becoming ever more unlikely for many Americans. In a Federal Reserve survey of people who currently live in rented accommodation, 60% of respondents said they do not expect to be able to own a home, the highest figure since the survey began a decade ago. Full Story: Bloomberg (5/28)
Legislation & Regulation
Kashkari: Fed hasn't ruled out further rate increases The Federal Reserve has not ruled out more interest-rate increases, Federal Reserve Bank of Minneapolis President Neel Kashkari says. "I don't think anybody has totally taken rate increases off the table," Kashkari says. "I think the odds of us raising rates are quite low, but I don't want to take anything off the table." Full Story: Bloomberg (5/28)
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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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