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What Are You Worth Per Hour?

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You know the old saying: “Time is money.” That’s especially true when it comes to determining how to value your time as a real estate professional on a per-hour basis. At a “normal” job, you trade your time for a paycheck based on a set hourly rate. Though you’re now paid on commission, it is possible to determine your hourly ... Read More »

OPR Makes Changes to Initial Salesperson Licenses

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Vermont’s Office of Professional Regulations (OPR) has made changes to how the state handles initial salesperson licenses. A 2017 OPR bill went into effect on July 1, making initial salesperson licenses valid for only 90 days. New licensees are required to complete 8 hours of post-licensure education within 90 days of receiving their temporary license. Salespersons must provide documentation to ... Read More »

CFPB Final Rule on Sharing Closing Discolosures

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On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) released the final rule amending the “Know Before You Owe” (KBYO or TRID) mortgage disclosure rule. As advocated for by NAR, the final rule clarifies the ability to share the Closing Disclosure (CD) with third parties – a victory for real estate professionals nationwide. As outlined in the 2016 proposed ... Read More »

Report: Affordability Problem is Worsening

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National home prices reached an important milestone in 2016: They surpassed the prerecession peak, according to the latest State of the Nation’s Housing report, released Friday by the Joint Center for Housing Studies of Harvard University. Some markets even saw home price appreciation of more than 50 percent since 2000. Tight supplies of for-sale and for-rent homes are fueling higher ... Read More »

12M Consumers May Get Credit-Score Boost

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The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers. In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit reports, most commonly concerning tax liens and civil judgments. Up to half of tax lien data on ... Read More »

How to Explain Online Home Value Estimates

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Homeowners who seek an estimate of their home’s value online often find that it doesn’t match the actual value. You need to know how to talk to your clients about this discrepancy, and the Economists’ Outlook blog, which is run by the National Association of REALTORS®, recently offered tips from data scientist Karen Belita. She notes that Automated Valuation Models, ... Read More »

2017 REALTORS® of Distinction Awards Nominations Now Open

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NVBR is pleased to announce the nomination process for the 2017 REALTORS® of Distinction Awards. Our Association has many deserving individuals who are leaders in the real estate community and have given their generous time for the betterment of the industry. Awards nomination forms are now available online. To submit a nomination, please click the appropriate awards category below: Realtor® ... Read More »

May 2017 Market Statistics

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The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for May 2017. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties. Changes for May over last year at this time include: New Listings were up 24.9 percent for Single Family homes but decreased 9.5 ... Read More »

Renewable Energy Incentives Available to Vermonters

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Vermont’s Renewable Energy Resource Center provides consumers with information on the economic and environmental benefits of renewable energy. The RERC administers renewable energy incentives for the Clean Energy Development Fund. Funds are currently available for Advanced Wood Heating Systems (central wood pellet and wood chip). Most residential customers can benefit from the flat-rate incentive of $3,000. Incentives are also available ... Read More »

NAR Releases One-Page Summary of Study on Tax Reform

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The National Association of REALTORS® (NAR) engaged PwC to review the impacts of an illustrative comprehensive tax reform option that would lower and consolidate marginal tax rates to three rates with a top rate of 33 percent, double the standard deduction, eliminate all itemized deductions other than charitable contributions and mortgage interest, eliminate the Alternative Minimum Tax, and cap the ... Read More »

NAR Urges Congress to Protect Homeowners Under Tax Reform

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NAR President-elect Elizabeth Mendenhall was on Capitol Hill to reinforce REALTORS’ position that any tax reform must protect, not hurt, homeowners. NAR has concerns with the Administration’s proposal because it would hurt homeowners by taking away more deductions than would be offset by the increase in the standard deduction. Also, NAR legal and sustainability staff explain the opportunities and hurdles ... Read More »

Don’t Be a Cybercrime Statistic

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Apart from digging a hole in your back yard, throwing your computer in, dousing it with gasoline, and lighting it on fire, there’s no foolproof way to protect yourself from cybercrime, said National Association of REALTORS® Associate Counsel Jessica Edgerton. Since few if any brokers and agents would work without a computer or smartphone, industry pros need to address the ... Read More »

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