| Namibia: School-Leavers Should Consider Real Estate Work | | Posted Friday, February 02, 2007 1:08:14 PM by Blog57 Team | | Prominent real estate personality, Helena Nekome-Mandevhu, says the real estate business can provide exciting opportunities for the estimated 17000 young people who failed their Grade 10 examinations last year. Nekome-Mandevhu, who has been in the business for 17 years, says real estate is a huge industry that offers unlimited possibilities for young people who are now on the streets. .... | |
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| | | Detroit area real estate agent denies race charges in federal suit | | Posted Monday, January 29, 2007 3:10:28 PM by Blog57 Team | | DETROIT -- A Detroit-area franchisee of Century 21 Real Estate today denied allegations of racial discrimination made in a federal lawsuit. A statement released by Century 21 Town & Country owner John Kersten said his office strongly opposes racial steering or discrimination. It said the franchisee has an "excellent record of supporting fair housing" in the Detroit area. The National Fair Housing Alliance filed its lawsuit Wednesday in U.S. District Court in Detroit against Century 21 Town & Country and Century 21 Real Estate. It alleges that Century 21 Town & Country agents showed black homebuyers homes in primarily black neighborhoods and potential white homebuyers in primarily white neighborhoods. The Washington-based nonprofit said it filed its original complaint in July 2005 with the U.S.... | |
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| | | Find Maryland's Premier Real Estate Agents with New Online Real ... | | Posted Tuesday, January 09, 2007 1:24:31 PM by Blog57 Team | | /24-7PressRelease/ - EUGENE, OR, January 09, 2007 - With the Maryland real estate market heating up, buyers and sellers are looking for an easy way to find reliable, experienced agents in their area. Eugene, Oregon based IDX, Inc. came up with a solution. On the new Real Estate for Sale Network, customers and agents are brought together by an informative, easy to navigate online directory of local real estate agents eager to meet your real estate needs. The new Real Estate for Sale Network consists of 51 individual state-based real estate websites, including detailed agent profiles and contact information so you can connect with an agent who meets your specific needs and requirements. While you visit the directory, you can browse not only local, but national agents easily and effectively. For a complete list of all the sites in the Real Estate for Sale Network, please visit the IDX, Inc.... | |
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| | | Zillow traffic up after shift Site known for real estate prices ... | | Posted Saturday, December 09, 2006 1:12:46 PM by Blog57 Team | | It's been two days since Zillow.com, the free-for-all Web site that brags about having a price for virtually every house in the country, entered a new part of the market with for-sale listings. And, as can be expected from a company that admits part of its mission is to entertain, the reaction is mixed. Richard Barton, Zillow's chief executive, was the first person to post a for-sale listing to the site. He's asking almost $3 million for his four-bedroom Seattle home. The second listing, a $376,000 house in Compton, Los Angeles County, was posted Thursday at 4:40 a.m., just minutes after Zillow pushed the button that allows real estate agents and homeowners to post virtual for-sale signs next to satellite pictures of their houses. By the end of its first day Thursday, Zillow had collected 4,000 listings and traffic to the site was 35 percent higher than on an average day.... | |
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| | | Real estate agents' commission a hard sell | | Posted Wednesday, November 15, 2006 7:09:03 AM by Blog57 Team | | As real estate agents and brokers watch their bottom lines find new bottoms in the post-boom world, the very way most of them earn a living - the commission system - is coming under increasing attack from consumer groups. By law, commissions are negotiable. Whether consumers take advantage of that, or find a willing agent, appears to be the heart of the issue. In June, the Consumer Federation of America accused the residential real estate industry of functioning "as a cartel that tries to set prices and restrict service options," in the words of executive director Stephen Brobeck. The desire of traditional brokers to maintain the 6 percent to 7 percent commission, "and the opportunity for a 'double-dip' - one broker collecting the entire commission - lies behind almost all of their anticompetitive actions," Brobeck said.... | |
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| | | Real estate agents testing new ideas | | Posted Tuesday, November 14, 2006 1:25:37 PM by Blog57 Team | | When the Valley's real estate market began slowing, Mary Ann Michaels started moving. Not away from the challenge, but toward new ideas. "What better way to see a neighborhood than after hours?" she asked. Michaels and her MCO Realty partner, Natalie Varela, started Thursday night open houses in Fountain Hills. Besides freeing up potential buyers' weekends, they also get a better sense of the neighborhood by driving "home" right after work. .... | |
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| | | Russians Bought $4.2Bln Worth of Real Estate in Great Britain | | Posted Tuesday, November 14, 2006 7:33:43 AM by Blog57 Team | | On Monday, Nov. 13, British newspaper The Times has reported, quoting Knight Frank realty agency, that in the period since 2000 Russian businessmen have bought $4.2 billion worth of real estate in Great Britain. This year alone rich Russians have already spent $1.5 billion on apartments and houses in Great Britain. The agency says that it was only taking into account deals worth more than 1 million pounds sterling ($1.9 million), which means that the actual spending was probably higher. Liam Bailey, the agency?s head of residential research, estimates that since January Russians have bought more than 240 properties in London worth over 1 million pounds. The massive spending power of Russian businessmen has been a driving force behind the 25 percent rise in prices in the few squares miles of what estate agents call ?prime central London? since January.... | |
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| | | New York: Real-estate listing opens to public | | Posted Monday, November 13, 2006 3:39:59 AM by Blog57 Team | | NEW YORK - The New York Real Estate Board, consisting of the biggest broker members like Prudential Douglas Elliman and Corcoran Group, opens real asset listings to buyers in 2007 concluding distinctiveness in the most luxurious urban market in the U.S. Steven Spinola, the groups president, said that a certain Rebny organization will open to the public by March 2007 the viewing of its database listings that includes 10,000 to 12,000 properties for sale, and 2,000 to 3,000 units for rent. Spinola held that New York market is more complicated than anywhere else. He added that their market deals with the shared owned apartment units whose sellers seek to evade public disclosure. The gateway to the database listing initiated by Rebny yielded to six years of battle to hold back public access to information on New York properties.... | |
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| | | Do real-estate agents have a secret agenda? | | Posted Sunday, November 12, 2006 3:34:16 AM by Blog57 Team | | Home buyers have a new reason to be wary in this weakening housing market: Real-estate agents increasingly have lucrative incentives to push one home over another. Slow sales have prompted builders and some individual sellers to offer unusually generous incentives to agents whose clients buy a home. Sellers normally pay the buyer's agent 2 percent to 3 percent of the home's price. Now many are offering thousands of dollars or other rewards, such as travel vouchers, on top of the normal commission. Such incentives have long been used to sell some homes. But they have proliferated and become more generous recently as a glut of properties on the market makes it harder to sell homes. "These guys are desperate," Ivy Zelman, a Cleveland-based housing analyst at Credit Suisse Group, says of home builders.... | |
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| | | Agents' payment system attacked | | Posted Friday, November 10, 2006 7:24:56 PM by Blog57 Team | | As real estate agents and brokers watch their bottom lines find new bottoms in the post-boom world, the very way most of them earn a living - the commission system - is coming under increasing attack from consumer groups. By law, commissions are negotiable. Whether consumers take advantage of that, or find a willing agent, appears to be the heart of the issue. In June, the Consumer Federation of America accused the residential real estate industry of functioning "as a cartel that tries to set prices and restrict service options," in the words of executive director Stephen Brobeck. The desire of traditional brokers to maintain the 6 percent to 7 percent commission, "and the opportunity for a 'double-dip' - one broker collecting the entire commission - lies behind almost all of their anticompetitive actions," Brobeck said.... | |
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