Yun: It's impossible for home sales to remain low | Advocacy opportunities in the 2024 political landscape | Fair housing groups sue Florida over property ownership restrictions
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3-Step Buyer Presentation Strategy & Scripts for a Signed Buyers Rep. Agreement Buyer's Rep Agreements are becoming crucial, and we've got you covered. Our guide walks you through each step, making it easy to show your value, set expectations, and navigate agreements effortlessly. Get ahead of the curve in the ever-changing world of real estate with this essential guide. NAR members can download for FREE, here.
Written buyer agreements are required before a buyer tours a home For Sale listed on the MLS. Touring a home is when the buyer and/or the MLS participant, or other agent, at the direction of the MLS participant working with the buyer, enter the house. This includes when the MLS participant or other agent, at the direction of the MLS participant, working with the buyer enters the home to provide a live, virtual tour to a buyer not physically present. A "home" means a residential property consisting of not less than one nor more than four residential dwelling units. Get more facts about NAR's proposed settlement agreement at facts.realtor.
In the News
Report: Images beat Reels in Instagram engagement A report from Digiday+ Research found influencers get more engagement with Instagram images than with short-form video Reels. Sponsored posts containing still images had the highest engagement on the platform in the analysis of 15 influencers' Instagram channels, while Reels drew the lowest rate of likes and comments per following. Full Story: Digiday (tiered subscription model) (5/6)
$15 million marks top listing for Miami market Billionaire condo developer Jorge Perez found a buyer for his Miami Beach penthouse, contributing to $90.5 million in multimillion condo and house deals signed last week in Miami-Dade County, as reported by The Real Deal. Meanwhile, Michael Diaz from Miami Brokers Group holds the listing for the highest-priced contract of the week, a $15 million spec mansion in Pinecrest. Full Story: Yahoo/The Real Deal (5/6)
How higher-for-longer interest rates could affect CRE As the market accepts the growing consensus that the Federal Reserve is taking a wait-and-see approach to interest-rate cuts, hedging costs are on the rise. Higher-for-longer interest rates can also stall real estate transactions and create challenges for the loans on lenders' books. This year, $929 billion of property loans are expected to mature, according to the Mortgage Bankers Association. Full Story: The Wall Street Journal (5/5)
HUD probes potential problems with AI in tenant approvals The Department of Housing and Urban Development is examining the potential for artificial intelligence to breach the Fair Housing Act's protective provisions, with newly released documents detailing how AI could discriminate in housing advertisement contexts and tenant selection. Full Story: Government Executive (5/6)
Fed: Banks see dwindling demand for loans A Federal Reserve survey of senior loan officers has found widespread reports that demand for both household and industrial loans weakened in the first quarter, although there was some improvement in supply and demand for commercial real estate loans. Full Story: Reuters (5/6),Bloomberg (5/6)
Visit Us at The Show
Stop by the REALTOR® Magazine and Good Neighbors booth! Are you attending the REALTORS® Legislative Meetings? Pick up some free swag and visit with REALTOR® Magazine and Good Neighbor Award staff at the NAR Pavilion on the expo floor 10 a.m.-5 p.m. ET Monday and Tuesday, May 6-7.
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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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