Housing Supply Overview Supply will dip for the remainder of the year, but there are some hopeful signs that we may see a bump in the new year. To say that more inventory will immediately impact housing markets is premature, especially if affordability continues to drop and prices continue to rise. For the 12- month period spanning… Read more »
Read MoreThank You for Giving to the RPAC Oyster Roast & BBQ Festival that was held on Thursday, October 12th. We would like to thank the following companies and individuals who generously donated to this event. Platinum Sponsor AirWorx Drone Media Solutions, Advantage Inspection, OnQ Financial, Western Upstate Keller Williams, Sierra Pacific Mortgage, Jackson Stanley,… Read more »
Read MoreCongratulations to the following members who were elected to serve on our 2018 Board of Directors at the membership luncheon on October 19th: Rozlynn Hood – Coldwell Banker Hugh Durham & Associates Carolann Newton – Jackson Stanley Realtors David Phillips – Silver Star Real Estate Members with unexpired terms who will continue to serve are:… Read more »
Read MoreEffective with June, 2018 renewal, every real estate licensee will need 10 hours of approved courses prior to renewing. The requirements break down as follows: Sales and Broker’s License (not BIC) 4 hours core (TRID Safely in a Flood of Disclosures is the only approved core course) 6 hours elective (any approved course or combination… Read more »
Read MoreHousing Supply Overview Low housing supply is both a month-over-month and now multiple year-over-year happening. Lawrence Yun, Chief Economist for the National Association of REALTORS®, has gone as far as saying that the national housing market is essentially stalled. For the 12-month period spanning October 2016 through September 2017, Pending Sales in the Western Upstate region were down… Read more »
Read MoreBe careful when bonuses to buyer reps are offered. If the seller is paying or providing the bonus, get the bonus out of the seller’s hands so the seller cannot renege after you have advertised the bonus. Best practice, seller and brokerage and law firm sign an escrow agreement that states what the bonus is… Read more »
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September is REALTOR Safety Month More than a decade ago, the NATIONAL ASSOCIATION of REALTORS launched the REALTOR Safety Program to educate REALTORS on the potential risks they face while on the job. As part of NAR’s ongoing efforts to keep members safe, and to strengthen the REALTOR Safety Program, resources are added annually and… Read more »
Read MoreHousing Supply Overview Although new construction has yet to come to the rescue of low inventory, there are signs that demand for construction materials is high and that previous measurements of low construction activity have been weighed down by the public sector not private, residential building. For the 12-month period spanning September 2016 through August… Read more »
Read MoreThe September 1st change returns the contract to pre-2012 procedures. The following are the ways that earnest money disputes are to be addressed going forward: Get a signed disbursement agreement from all parties (e.g. SCR518 release and disbursement agreement, SCR517 disbursement agreement, mediation agreement) Get a signed disbursement order by the appropriate judge (e.g. magistrate… Read more »
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