Smart-home solutions for outdoor weather | Won't prohibiting offers of compensation on the MLS raise fair housing issues? | Communicating offers of compensation
Smart-home solutions for outdoor weather With summer around the corner, many homeowners would rather enjoy the sunshine than mow the lawn. These technologies can help save time and keep the home secure. Full Story: REALTOR® Magazine (6/4)
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NAR's proposed settlement agreement allows compensation to remain a choice for consumers when buying or selling a home. NAR continues to believe that offers of compensation help make professional representation more accessible, decrease costs for home buyers to secure these services, increase fair housing opportunities and increase the potential buyer pool for sellers. The settlement does not change the ethical duties that NAR members owe their clients. REALTORS® are always required to protect and promote the interests of their clients and treat all parties in a transaction honestly (Article 1, COE). NAR members will continue to use their skill, care and diligence to protect the interests of their clients. Get more facts about NAR's proposed settlement agreement at facts.realtor.
Do you have farmers or hunters on your sales team? Effective sales teams include hunters who chase new opportunities and farmers who cultivate relationships, writes sales expert Trey Morris. "By understanding their strengths, providing tailored training, fostering collaboration, setting clear goals, and recognizing their achievements, you create an environment where both types of salespeople can thrive," Morris writes. Full Story: The Center for Sales Strategy (6/3)
Tracking the upcoming rules on reporting cyberincidents It's not too early to start thinking about upcoming federal regulations that will step up reporting requirements for cyberincidents and ransom payments. Sinan Pismisoglu of the Bradley Arant Boult Cummings law firm outlines the law's journey through the rule-making stage and how the Department of Homeland Security will establish a sub-agency to handle the reporting. Full Story: JD Supra (6/3)
Talking with frontline workers at Yum! Brands restaurants helped David Novak, the co-founder and former CEO and chairman of the company, identify better processes and recipes, but first, he had to recognize his prejudgment that the workers wouldn't have anything of value to add to the company. "The more you make the effort to learn about diverse ideas and worldviews from more diverse people, the deeper and more robust your learning will be, and the more effective action you'll be able to take with it," Novak writes. Full Story: Fast Company (tiered subscription model) (6/4)
Fair & Equitable Housing
Some multifamily projects put on hold amid more challenging conditions Higher interest rates and construction costs, along with tighter financing, have led some apartment developers to scrap or delay projects. "We certainly are seeing a decline in construction," said Robert Dietz, the National Association of Home Builders' chief economist. "Deals and financing have dried up." Full Story: The Wall Street Journal (6/4)
Legislation & Regulation
Record investment income fuels consumer spending Amid a booming economy, U.S. households are enjoying record levels of investment income, with figures reaching about $3.7 trillion from interest and dividends in the first quarter. This financial growth, alongside rising household wealth and employment, continues to drive consumer spending despite inflation concerns. The increase in asset values and investment income, however, poses challenges for the Federal Reserve's inflation targets. Full Story: The Wall Street Journal (6/5)
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The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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