Two Florida Realtor Associations won awards in Realtor Association Executive magazine's “2007 Outstanding REALTOR Association Web Site Contest.” FAR’s member Web site, www.floridarealtors.org , took top honors in the Outstanding Design category. The judges said: “The FAR site is an amazing tool for Realtors. From the opening page, FAR is serving the membership with the tools they need to be successful. From the menu bar to the search bar, I found everything I was looking for without having to ‘look’.” The Pinellas Realtor Organization won in the Outstanding E-newsletter or E-publication category for its online publication of PROView magazine. Read more about the contest and winners at http://www.realtor.org/eomag.nsf/pages/bestoftheweb07.
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2007 FLORIDA LEGISLATURE
2007 FLORIDA LEGISLATURE
Realtors want property tax reform as soon as possible – yesterday would have been great – but they also want it done right, and a one-month waiting period leading to a special session of the Florida Legislature gives lawmakers time to consider the complicated issue. It also gives Realtors an opportunity to meet their lawmakers locally and push for positive and substantial change.
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PROPERTY INSURANCE
State senators unanimously approved a bill Wednesday that would allow Citizens Property Insurance to expand its operations and freeze its rates through 2008. But two proposed last-minute changes to the Senate bill could bog down its forward movement in the House with renewed debate about letting the state-run insurer become more competitive.
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FORECLOSURES
Several major participants in the home mortgage market – including the Mortgage Bankers Association, Freddie Mac, Fannie Mae and Citigroup Inc. – have voluntarily agreed to a set of principles for dealing with homeowners facing foreclosure, the chairman of the Senate Banking Committee said Wednesday.
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MORTGAGE INSURANCE
Private mortgage insurance is making a comeback these days. As many lenders tighten their home loan standards, potential homebuyers – especially first-time buyers and those with little money for downpayments – are choosing traditional fixed-rate mortgages backed by PMI.
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COMMERCIAL
The industrial real estate market posted a shaky first quarter in 2007, with absorption considerably below anticipated levels, according to a report by Colliers International. But rents managed a small increase.
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