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Bright MLS debuts new pocket listing rule

Major East Coast multiple listing service Bright MLS announced Wednesday that it has rolled out a new policy on so-called “pocket listings,” requiring agents to add any properties they are publicly advertising to the system or, eventually, they’ll face steep fines. Source: click here

10 rules for hosting an open house for another agent

Hosting an open house is a critically important event in a new agent’s career, especially if it’s for another agent. It’s often the first public appearance for agents to showcase themselves to the community and beyond. Here are 10 things new agents must know to nail that open house. Source: click here

Jumping ship for a startup brokerage? Do your homework first!

Startups look promising on the outside, but they can’t always live up to the hype, says Tammy Britt. The longtime D.C.-area agent shares her experience with a startup after 16 years as a top performer with some of the biggest names in the real estate business. Source: click here

Is practicing real estate bad for your kids?

Between a column in “The New York Times” and a Facebook post, I can’t help but wonder how healthy the job of buying and selling real estate is for our kids. How are our children influenced by our career choices, our screen time and our stress levels? And what can we do about it? Source: […]

What’s the key to ending chronic homelessness? Better data

According to the Department of Housing and Urban Development’s 2018 Point-in-Time Count, there are 552,830 homeless people in the United States — a 1,834-person increase from 2017. Communities across the nation are struggling to solve the issue and often rely on poorly funded shelters, temporary housing programs and law enforcement to keep people off the […]

Data, honesty key to giving sellers realistic expectations: Gary Gold

Today’s sellers may have done their own research and come up with their own prices, so it’s up to agents to manage expectations and gently deliver reality. Source: click here

It’s getting even harder for African American families to afford homes

It’s become harder for a typical African American family to afford a home in the years since The Great Recession, with many families able to afford just 25 percent of homes for sale last year, down from 39 percent in 2012, according to a new study from Redfin released Wednesday. “As prices rise, minorities can […]

How to modernize the MLS

New companies are using a combination of money, technology and data to deliver consumers an experience that is efficient, certain and convenient. And the clash between old and new is creating tribalism amongst players vying for the top of the heap. Not surprisingly, the MLS finds itself squarely in the middle. Source: click here

Foreclosure filings drop to lowest rate in 14 years

Foreclosure rates continue to dip, with the third quarter of 2019 seeing the lowest number of foreclosure filings since the second quarter of 2005. According to Attom Data Solutions’s latest report, in the third quarter, 143,105 properties across the United States had default notices, scheduled auctions or bank repossessions, all of which are types of […]

The luxury market ‘is doing just fine’ — even amid shrinkage

Luxury buyers are gravitating away from the grand estate and toward properties with lots of amenities and little maintenance. Source: click here

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