short sales: Virginia Commissions Offered to Buyer Agents. MRIS RULES - 05/09/08 02:44 PM
I just attended the NVAR (Northern Virginia Association of Realtors) Hispanic Forum event, which included Michelle Yam from MRIS's Compliance department.
It was a great way to clarify the rules on how to advertise cooperating commissions on our local MLS.
Here are the rules for MRIS as I understand it (as … (11 comments)

short sales: Questions to ask Short Sale Listing Agent BEFORE showing - 05/01/08 01:37 PM
I wrote extensively before about Short Sales and how only 5% close in my area.
Well, I think it might be a little too harsh to completely ban them, especially if a client is looking further south where the stats might not be AS bad.
So I have come up with … (9 comments)

short sales: Virginia Short Sales are FAKE. Only 5% Close. - 02/20/08 02:38 AM
Most Short Sales are what I call "FAKE listings." Only 1 in 20 sells. In Arlington only 3 have sold out of 65 attempts. I briefly went over Short Sales when I defined all SOL Homes including REOs, Bank Owned Etc. But Short Sales need more attention, as they are very … (28 comments)

short sales: Pitfalls of Mortgage Cancellation Tax Relief Act, H.R. 3648 - 12/05/07 11:50 AM
Update blog post over at My Quote in Washington Post Elaborated: Do you all know about the Mortgage Cancellation Tax Relief Act, H.R. 3648? You can see NAR's approval of such a bill here.
This bill was enacted to help homeowners that sell their homes via a Short Sale from getting … (16 comments)

 
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