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Today's Industry News Sunday, November 22, 2009

Research fresh real estate market news hourly. Today's top stories for the real estate industry and real estate web sites. Find practical news exclusive to your state, specifically targeted for market savy individuals such as agents and brokers who need the latest market reports and news releases.

Real Estate Agents in the News
Sun, 22 Nov 2009 06:03:33 GMT
Talk to many real estate agents and you'll probably hear that the time from saying "hello" to a client (whether it be a buyer or a seller) to the time of closing a deal has become so protracted that it's difficult to anticipate a reasonable expectation of when they might close the deal, if ever.
Wed, 18 Nov 2009 22:17:13 GMT
An FBI agent says a federal financial investigation led him to interview a person at a real estate office who worked with former Detroit Mayor Kwame Kilpatrick and his wife to find a leased mansion where they live.
Sun, 22 Nov 2009 15:31:01 GMT
Professionalism and consumer protection provide the focus for the Real Estate Agents Authority, which was launched last week. It heralds a new environment of accountability for the industry.
Thu, 19 Nov 2009 14:30:31 GMT
DETROIT — An FBI agent testified Wednesday that an ongoing federal financial investigation led him to interview a person at a real estate office who worked with former Detroit Mayor Kwame Kilpatrick and his wife to find a leased mansion where they live.

Real Estate Brokers in the News
Sun, 22 Nov 2009 05:08:15 GMT
Loretta Taormina of Better Homes and Gardens Wilkins & Associates Real Estate passed her broker's exam on Sept. 26. Taormina spent several years taking two courses a year to meet the state requirements for a broker's license.
Wed, 18 Nov 2009 18:54:00 GMT
CHICAGO----Harry Maisel , a residential real estate broker associate with Prudential Rubloff Properties, announces an incentive program to all new clients totaling as much as $1,000.00 per buyer for any property up to $800,000 that closes by June 30, 2010.
Sat, 21 Nov 2009 07:45:14 GMT
Beginning this week, commercial real estate broker GVA Kidder Matthews will be reviewing the quarterly state of industrial space in Thurston County.
Sun, 22 Nov 2009 05:08:15 GMT
Loretta Taormina of Better Homes and Gardens Wilkins & Associates Real Estate passed her broker's exam on Sept. 26. Taormina spent several years taking two courses a year to meet the state requirements for a broker's license.

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Terms of the Day

Condominium (Condo):
Individual ownership of a portion of a building, with common areas shared by all owners. Maintenance fees called "assessments" are paid to the condominium association to maintain, repair, or improve the property.

Mortgage:
A lien or claim against real property given by the buyer to the lender as security for money borrowed. Under government-insured or loan-guarantee provisions, the payments may include escrow amounts covering taxes, hazard insurance, water charges, and special assessments. Mortgages generally run from 10 to 30 years, during which the loan is to be paid off.

Subagent::
A salesperson that works for an agent.

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