• NAR Forecasts 4.78 Million Existing-Home Sales, Stable Prices in 2023

    December 14, 2022

    - By Troy Green

    This is an NAR contributing press release WASHINGTON (December 13, 2022) – Lawrence Yun, NAR chief economist and senior vice president of research, forecasts that 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch in 2023 and beyond. Yun unveiled the association’s forecast today during NAR’s fourth annual year-end Real Estate Forecast Summit. Yun predicts home sales will…
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  • Notes From the Legal Hotline: December 2022

    December 2, 2022

    - By The MAR Legal Team

    Q: Does a buyer whose offer was not accepted have the right to a written objection? A: No. Most offers are valid for a finite period of time, as specified in the offer itself. Once that time period has lapsed without an acceptance, the offer is no longer valid, acting as a de facto rejection by the seller. A buyer has the ability to request a formal written rejection, but…
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  • National Association of REALTORS® Installs 2023 Leadership Team

    December 2, 2022

    - By NAR Contributing Article

    This is an NAR contributing article. ORLANDO (November 14, 2022) – Kenny Parcell was installed as 2023 president of the National Association of REALTORS® during NAR NXT, The REALTOR® Experience(link is external), today in Orlando. Parcell, a REALTOR® from Spanish Fork, Utah, is broker-owner of Equity Real Estate Utah. He served as NAR’s vice president of government affairs in 2018 and was the REALTOR® Party RPAC fundraising liaison in 2017. Parcell…
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  • Eleven Takeaways From the 2022 Profile of Home Buyers and Sellers

    November 28, 2022

    - By Jessica Lautz

    This is an NAR contributing article by Vice President of Demographics and Behavioral Insights, Jessica Lautz. Picking up the 2022 Profile of Home Buyers and Sellers can be a daunting task. There are 142 pages of content, and many charts span the 41-year history of the data set. This post helps you wade through some of the more striking changes. Here are a couple of things to note as you…
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  • The Economic Development Bill is Back

    November 11, 2022

    - By The MAR Legal Team

    Though the two-year formal legislative session ended in August without finality on several significant housing pieces, the Legislature continued its work during informal sessions to reach a compromise on the much-awaited economic development bill. And we continued our advocacy. Earlier this week, the Legislature passed an updated compromise bill (H.5374) containing several important housing elements MAR supports:  Funding – the bill contains just under $450 million in funding for housing…
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  • Notes From the Legal Hotline: November 2022

    November 2, 2022

    - By The MAR Legal Team

    Q: If a transaction falls apart and there is a dispute over the release of escrow funds, can the seller place the property back on the market and go under contract with a new buyer? A: Maybe. It is a best practice to fully resolve any outstanding issues with the failed transaction prior to placing the property back on market and proceeding with a subsequent purchaser. Unfortunately, not all situations…
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  • November is Designation Awareness Month

    November 1, 2022

    - By NAR

    Designation Awareness Month was established in 1994 to encourage members to start or complete an officially endorsed designation or certification through NAR or one of its Institutes, Societies, and Councils. During this month, NAR has discounts for many of the online courses offered through REALTOR® University School of Professional Development & Continuing Education. Get Involved Each year in November, NAR provides Designation Awareness Month logos to share with your local…
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  • Updates to the MassForms™ Library

    October 13, 2022

    - By The MAR Legal Team

    At its September meeting, the MAR Forms Content Advisory Committee made several important updates to the MassForms™ Library:  Prospective Tenant Application (#400)  The Committee elected to rename this form from “Prospective Tenant Information Form” to “Prospective Tenant Application” so that the name more accurately depicts the nature of the form. The Committee also removed all references to “spouse” as well as asking the specific date of birth and social security…
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  • Notes From the Legal Hotline: October 2022

    October 3, 2022

    - By The MAR Legal Team

    Q: Can a brokerage operate as a designated agency on a per-transaction basis? A: No, because of the way agency relationships in real estate transactions work, the type of agency a brokerage practices must be consistent for all transactions. A brokerage may elect to transition from traditional agency to designated agency, or vice versa, as an office policy, but the type of agency practiced at any given time must be…
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  • Convention Safety: 5 Things You Must Add to Your Safety Checklist

    September 6, 2022

    - By Tracey Hawkins - NAR

    This is an NAR contributing article. Real estate agents have several opportunities to attend conventions throughout the year. We often talk about safety while working, however, protecting yourself while attending conventions, while in hotels and touring new cities, is just as important. Please review the following tips and make them…
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