What’s New

NVBR 2017 ROTY Photo Gallery

Congratulations again to the recipients of the 2017 NVBR Realtor® of Distinction Awards! We hope you enjoy this photo gallery from the ROTY event, held on Sept. 19 at the Echo Center in Burlington! Click on the first image to start slideshow, or on individual images to enlarge.

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Third of Agents Have Felt Unsafe on the Job

September is REALTOR® Safety Month, and data from the National Association of REALTORS®’ recently released 2017 Member Safety Report shows that 38 percent of members have experienced a situation that made them fear for their personal safety or the safety of their personal information. Common situations that caused fear included open houses, vacant and model homes, properties that were unlocked or …

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Study: Staging Could Lead to 10% Price Boost

Fifty-nine percent of real estate professionals say staging a listing contributes to receiving higher offers from buyers, according to the National Association of REALTORS®’ 2017 Profile of Home Staging. Sixty-two percent of agents also say staging “slightly” or “greatly” decreases the time a listing spends on the market. The amount of money sellers stand to gain from staging their home …

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A Sign that More Housing Inventory is Coming

Homeowners who have decided to stay put in their current properties may soon be ready for a move, helping to relieve stubbornly tight housing inventory. The evidence is in Fannie Mae’s latest Home Purchase Sentiment Index, in which the number of consumers who say now is a good time to sell a home neared an all-time high. The index—which is …

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Study: FSBOs Net ‘Significantly’ Lower Profits

For-sale-by-owners tend to sell their homes for lower prices than homes sold through traditional agents via the MLS, and in many cases below the average differential represented by the prevailing commission rate, according to a new study by Collateral Analytics. The study examined the price differences between homes sold through traditional agents versus those sold by FSBOs from 2016 to the …

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Call For Action On National Flood Insurance Program

The National Association of REALTORS (NAR) needs your help to drive messages to Members of Congress urging them to support H.R. 2874, “The 21st Century Flood Reform Act.” H.R. 2874 reauthorizes the NFIP and makes a number of critical improvements to the NFIP including increased funds for mitigation activities, caps on overall premium increases, improved claim and mapping processes, as …

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What Are You Worth Per Hour?

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 …

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OPR Makes Changes to Initial Salesperson Licenses

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 …

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CFPB Final Rule on Sharing Closing Discolosures

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 …

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Report: Affordability Problem is Worsening

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 …

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12M Consumers May Get Credit-Score Boost

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 …

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How to Explain Online Home Value Estimates

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, …

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