Op-Ed: Offers of compensation are not a settlement 'workaround' | What do recent MLS policy changes mean for sellers' brokers who are REALTORS® and/or MLS participants? | There's a new acronym in real estate: the DMEL
Op-Ed: Offers of compensation are not a settlement 'workaround' A recent podcast claiming that real estate professionals are finding ways to get around last year's National Association of REALTORS® settlement draws fundamentally incorrect conclusions—and at times gets its facts wrong. Full Story: REALTOR® Magazine (5/20)
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Answers About Multiple Listing Options for Sellers
What do recent MLS policy changes mean for sellers' brokers who are REALTORS® and/or MLS participants?
Sellers' brokers who are REALTORS® and/or MLS participants will be able to offer additional marketing options to their clients in a manner consistent with the clients' needs and interests. Brokers representing sellers who choose to delay the public marketing of their listing must secure from their seller a signed disclosure documenting the sellers' informed consent to waive the benefits of immediate public marketing through IDX and syndication. Find more answers about NAR's new policy statement, Multiple Listing Options for Sellers, at facts.realtor.
A delayed marketing exempt listing is a new option for sellers to market their homes. Find out how DMELs work in this MLS Minute video. Full Story: National Association of REALTORS® (5/15)
Leadership fatigue: Strategies to enhance engagement Leadership fatigue is becoming a significant issue as leaders face high expectations and limited resources. According to Gallup data, leader engagement has declined due to disruptions like the pandemic and changing expectations. Strategies to combat this include setting boundaries, delegating tasks and pursuing personal goals to maintain energy and empathy. Full Story: MSN (5/16)
Real Estate Trends
Deep dive: Unemployment claims by state The total number of initial unemployment insurance claims fell by 1.3% in early May, continuing an overall positive employment trend, according to Department of Labor data. But the state-level numbers offer a more specific regional picture. For the week ending May 10, 18 states reported a decrease in the number of initial claims compared to the previous week. New Hampshire, Michigan and Wyoming saw the largest declines in new unemployment claims. Full Story: National Association of REALTORS® (5/19)
Etsy highlights chateaucore as trending home style Chateaucore is gaining popularity as a home decor trend that incorporates French provincial style with a relaxed, rural aesthetic. The trend emphasizes combining old and new elements, using antique furniture, muted colors and natural materials to create a balanced, charming look. Full Story: Better Homes and Gardens (5/19)
Technology & Innovations
Investment drives real estate tech innovation The proptech sector is seeing an influx of capital from institutional and individual investors. The funding is driving innovations that are shaping commercial and residential real estate. Full Story: CBRE (5/20)
Fair & Equitable Housing
Minnesota malls could provide housing solutions Developers in Minnesota are transforming vacant malls into residential spaces to address housing shortages and revitalize retail. The trend, highlighted by projects like the Burnsville Center Village, offers a "win-win" by utilizing prime real estate, ample parking and indoor convenience, especially during harsh winters. Full Story: KKCB-FM (Duluth, Minn.) (5/19)
Affordable housing options expand in Coachella Valley The nearly finished Aloe Palm Canyon apartment building in Palm Springs, Calif., is a prominent addition to affordable housing in the Coachella Valley, offering 71 units for lower-income seniors. The project benefited from We Lift: The Coachella Valley's Housing Catalyst Fund, a $44 million fund that supports developers. Full Story: KFI-AM (Los Angeles) (5/19)
Legislation & Regulation
Fed still analyzing environment, officials suggest The Federal Reserve might not be ready to lower interest rates before September, comments from New York Fed President John Williams and Atlanta Fed President Raphael Bostic suggest. "It's not going to be that in June we're going to understand what's happening here, or in July," Williams said. Bostic said it might take "three to six months" to see how situations develop. Full Story: Bloomberg (5/19)
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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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