The National Association of Realtors (NAR) recently reached a landmark $418 million settlement that experts say could shake the real estate industry for the better — but some vulnerable segments of the population could be left worse off.
Notably, it remains to be seen how the proposed changes could impact veterans who are prohibited from paying fees or commissions charged by a real estate agent under VA loan rules.
Jason Sharon, a US Navy veteran and owner of Home Loans Inc., said his gut reaction was: “It is going to abandon veterans.”
Under the settlement, the nation’s largest real estate…
Realtor
Keystone Realtors to redevelop two societies in Mumbai, Real Estate News, ET RealEstate
NEW DELHI: Keystone Realtors (Rustomjee Group) has been selected as the developer of choice to redevelop the plot and premises of Veena Nagar Co-operative Housing Society & NeelKamal Ghruh Cooperative Housing Society on a combined land admeasuring ~12,120 square meters in Malad (West ), Mumbai.
Boman Irani, chairman and managing director of the company said, “We are happy to announce that we are chosen as redevelopment partner by two societies in the vibrant locality of Malad West on the combined land spanning over 12,120 sq meters and boasting a combined GDV of about Rs. 1200 crore.”
In addition to re-housing…
Vaughan, Ont. real estate agent suspended after Israel-Hamas war post
Editor’s note: This story has been updated to include comments from the realtor. The response was provided to CP24 on Oct. 25.
A real estate brokerage has suspended a Vaughan-based realtor who was allegedly behind a social media post that appeared to make light of the ongoing Israel-Hamas war.
The post was made over the weekend on the Facebook, X, and Instagram accounts belonging to Vadim Vilensky, the broker of record and CEO of Realtron Vadim Vilensky Realty.
It was titled “Coming soon to the market” followed by two laughing-face emojis and includes a photo of several buildings in Gaza…
Saskatoon real estate market seeing strong sales and low inventory
Housing prices continue to climb in Saskatoon as a combination of strong sales and low inventory helped close out the year with the second highest sales in history.
“Gone are the days where there are vacant houses in Saskatchewan,” Saskatchewan Realtors Association (SRA) CEO Chris Guerette said.
“Houses are used up, they are a highly valued commodity, and that’s going to be a challenge for the next few years to come.”
New data from the SRA shows Saskatchewan closed 2023 with a sixth consecutive month of sales above the historical average.
In December, 757 homes sales represented a year-over-year gain…
Missouri antitrust lawsuit has Minnesota’s real estate industry on guard
MINNEAPOLIS — Minnesota home sales may look different in the future.
A recent antitrust lawsuit in Missouri could potentially impact real estate here.
“The entire real estate industry is talking about it,” said Ryan O’Neill of ReMax Advantage Plus.
Homeowners in Missouri filed a lawsuit against several brokers and realtors. They argue that home sellers shouldn’t have to pay commission to a buyer’s agent since that agent doesn’t represent them. Ultimately, the home seller wins the case.
RELATED: Home funds become popular wedding gifts as home purchases become more expensive
“I think all the various brokers and the agents in…
BC real estate: Looking ahead to 2024
The latest housing assessment figures in British Columbia show residential property markets softening across the province, but analysts say it may not bode well for affordability in the coming year.
The concerns stem largely from the potential drop in interest rates later this year, which may spur homebuying activity while housing supply remains limited, driving up prices.
“There are a lot of buyers on the sideline right now,” said Central 1 Credit Union chief economist Bryan Yu.
“Once that certainty arises that rates are stabilizing or are falling, we do expect to see that more buyers are going to come…
Real estate agent recovering in wheelchair after violent dog attack during Broome property inspection
In short: A real estate agent in Western Australia’s north has been severely injured during an “extremely traumatic” attack by two dogs.
Tony Hutchinson is unable to walk and is recovering in a wheelchair after the attack during a property visit in Broome.
What’s next? Shire of Broome rangers are investigating the incident.
Authorities in Western Australia’s far north are investigating a dog attack that has left a prominent Broome real estate agent recuperating in a wheelchair with severe leg injuries.
Readers are advised this article includes an image of wounds some may find distressing.
Tony Hutchinson was set upon…
Rachel Borg: passenger in alleged Monterey street racing crash hit with fresh charge
A Bondi real estate agent has been hit with a new charge after he allegedly withheld information from police about a deadly street racing crash that killed two young brothers.
Raquel Marie Borg, 24, was allegedly in an Audi driven by Adam Yurun on August 25 last year when it was captured on CCTV street racing against a car driven by Jimmy Martin Brito.
The competing cars allegedly reached speeds of more than 130 km/h in 60 km/h residential zones along The Grand Parade in Monterey in Sydney’s south.
Police allege the men were drag racing when Mr Brito lost…