Ca$h Flow Management for Realtors? - 11/30/09 04:35 PM
One of my agents came up to me today to ask if I could arrange to pay her through Commission Express.  It seems that her sister in-law was counting on my agent's upcoming closing more than my agent was.
For those of you unfamiliar with this company - or the many others out there - these are simply vultures preying on individuals with future incomes.  Called "factoring companies", these companies take your contractual right to receive your commission check and pay you now (up front) often times at a steep discount.
I remember many years ago, there were companies preying on home-bound persons … (3 comments)

Massachusetts Realtors - - Do you know about the upcoming changes to the Mass General Laws pertaining to licensure? - 11/16/09 12:11 PM
The House and Senate of our Commonwealth are reviewing final readings of proposed legislation, which when enacted, will drastically alter the licensing and continuing education requirements for real estate salespersons and brokers. House Bill 4169 will require a minimum 20 hours of continuing education for all licenses renewing on or after January 1, 2011.  Senate Bill 121 will raise the minimum number of hours required for classroom instruction required of salespersons desiring to become brokers and will also raise the minimum work experience under a duly licensed broker from 1 year to 3 years.
Personally, I support the efforts of our … (3 comments)

GoDaddy Salutes the US Marine Corp on Veterans Day - 11/11/09 02:53 PM
Bob Parsons from GoDaddy has done it again!  Each year he celebrates Veterans Day with a salute to the USMC.  Even Gomer Pyle would be proud.  Click here or on the graphic below to see this year's salute.
Happy Veterans Day, everyone!
And to those in our armed services, the US Navy, Coast Guard, The US Marine Corp, The US Air Force and the US Army.  God Bless you all and thank you for the sacrifices that you have made to make our country safe and for protecting our freedom.  God Bless the USA.
 

 
 
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Freddie Mac confirms short sale commission policy - 11/05/09 08:27 AM
In a bit of positive news, Freddie Mac recently confirmed, in writing, that Loan Servicers may not renegotiate sales commissions below the amount agreed to by real estate brokers and sellers, whcih is now consistent with Fannie Mae policy on the same issue.  Previously, Freddie Mac officials has publicly stated such a policy, but had not confirmed it in writing.
If the negotiated commission exceeds six percent, servicers are required to limit it to six percent.  The National Association of Realtors has asked Freddie Mac officials to establish an appeals process for cases when servicers refuse to comply with the commission policy.
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