How to Assess the Financial Stability of an HOA
Understanding a Homeowner Association’s (HOA) financial stability is crucial for maintaining property values and ensuring residents’ high quality of life. Key examination elements include reserve funds, special assessments and financial planning. Reserve funds cover significant repairs and replacements, special assessments address unforeseen expenses and financial planning ensures long-term stability. Understanding these aspects helps members make…
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Pioneering Innovation in Real Estate Excellence
Dan Prud’homme, principal at The Prud’homme Team and a pivotal figure at William Raveis Real Estate (formerly the Carolina Realty Group) in Hilton Head Island, South Carolina, stands as a beacon of innovation and strategic foresight within the real estate sector. Prud’homme’s success story is not merely about weathering storms, but about thriving amidst adversity—a…
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BoomTown ROI Faces Sixth Consecutive Day of Service Outage
BoomTown ROI, a real estate proptech company, has been down for six consecutive days, impacting millions of brokers/agents countrywide. A real estate broker, who was granted anonymity in order to speak candidly, told RISMedia that BoomTown will not answer any proposed questions. “We personally have 100,000 leads in there. There are currently 3,100-plus companies/teams using…
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Report: Myths and Facts on Buyer-Agent Commissions and the MLS
Above, Lisa Sturtevant and Brian Schneider After its new report, Dispelling Myths About Real Estate Commissions and the MLS, was released April 12, Bright MLS Chief Economist Lisa Sturtevant and legal counsel Brian Schneider spoke in-depth at a virtual presentation about how the National Association of REALTORS®’ (NAR) proposed settlement and other current issues have…
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COURT REPORT: Consolidation Effort Fails; Billion-Dollar Judgment Denied
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judges deny lawsuit consolidation push Citing the recent National Association of REALTORS® (NAR) settlement agreement, a panel of six judges denied an attempt by plaintiffs in commission-focused class-action lawsuits to consolidate all the…
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Homebuilder Sentiment Flat in April as Buyers Are Hesitant
After a strong start to the spring selling season, homebuilder sentiment flattened in April as buyers hesitate to step into the market due to continued unrest in the mortgage market and other affordability challenges. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) registered at 51 in April, the same reading seen…
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Homeownership Rates Have Increased, Despite Prices
Home prices have been the bane of the real estate news cycle for a while now, bringing a damper on the home-buying market. However, recent data shows that home prices really might not have kept buyers out as much as was thought. A new report from LendingTree found that from 2012 to 2022 homeownership rates…
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Leading by Opportunity
Jason Mitchell, CEO of the Jason Mitchell Group (JMG), headquartered in Scottsdale, Arizona, is satisfied with most every aspect of his thriving national brokerage business except for one: spreading the word. “I want to get our message out there more because what we do is very unique,” he says. “We’re the only national brokerage that…
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PropStream to Attend Los Angeles Investor Conference
Lead generation company PropStream has announced it will attend the Invested conference (presented by Out of State Investor Academy) in Los Angeles from May 20 to 21, 2024. Invested’s two-day conference provides a fusion of customized, hands-on workshops, presentations, and networking opportunities, a release noted. Each element is meticulously crafted to assist real estate investors…
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Judges Deny Lawsuit Consolidation Effort, Leaving Commission Cases Scattered
Citing the recent National Association of REALTORS® (NAR) settlement agreement, a panel of six judges today denied an attempt by plaintiffs in commission-focused class-action lawsuits to consolidate all the copycat cases under one judge, saying that the “procedural posture of the litigation” makes that effort inappropriate. “After settlement proceedings conclude, and it becomes evident how…
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