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On November 19, 2020, the National Association of REALTORS® (NAR) announced a settlement agreement with the U.S. Department of Justice (DOJ) regarding a civil lawsuit, which was filed against NAR the same day, alleging certain anticompetitive business practices. As part of the settlement agreement, NAR has agreed to modify certain rules and policies to improve … Continue reading “NAR Reaches Agreement with DOJ on MLS and Commissions Rules”
Real estate brokerage REX has filed a lawsuit against the State of Oregon for its antitrust practices and anti-rebate policies. Click here to read more There are a lot of talk and assertions by some on that it is illegal or unethical for a real estate agent to provide a rebate to a buyer in … Continue reading “Discount brokerage REX takes aim at real estate cartel”
One of the biggest changes in our understanding of the coronavirus has been about how the virus is transmitted. In the beginning, it was thought to travel by moisture from someone’s nose or mouth that would fall to the ground relatively fast. It’s now clear that tiny particles carrying the virus can remain airborne, possibly … Continue reading “Winter during the pandemic”
Now that fall in full swing and winter is around the corner, now may be the ideal time to get any outstanding outdoor projects out of the way. Many people think landscaping only happens in spring and summer, but there’s so much more work to do in fall beyond just raking those pesky leaves. Despite … Continue reading “VA Fall Gardening Tips”
Contingencies are legal clauses stating that certain requirements that must be met before the contract can go to settlement. Contingencies protect the buyer’s interest, and allow the buyer to terminate the contract and keep their earnest money (deposit given at the time of a ratified contract). We have broken down the different types of contingencies … Continue reading “What you need to know about contingencies.”