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Legal Issues

Do commission rebates violate RESPA?

Friday, November 20, 2009
By Brett Woodburn, Esq.

Hotline callers often want to know if it's legal to rebate or refund part of their commission to their clients. It is legal, provided the licensee is rebating or refunding commission to her own client and the rebate or refund is listed on the HUD-1. »

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News

Association News, Designations, Education

Triple Play advance registration ends

Friday, November 20, 2009
By Kim Shindle
Triple Play advance registration ends

Make sure you get the courses you want and need by registering online for Triple Play REALTORS® Convention. Advance registration ends Friday, Nov. 20 and online registration is just $65. »

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News

Association News, Industry News

Howard Hanna chair receives RISMedia National Homeownership Award

Thursday, November 19, 2009
By PAR Staff
Howard Hanna chair receives RISMedia National Homeownership Award

Howard W. “Hoddy” Hanna III, who runs the fourth-largest full-service real estate company in the U.S., was awarded the honor for continuously demonstrating extraordinary contributions toward increasing homeownership and building better communities. »

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News

Legal Issues

Condo documents are seller’s responsibility

Thursday, November 19, 2009
By Karen Miller, Esq.
Condo documents are seller’s responsibility

A recent Hotline caller asked whether her clients, who are selling their condominium, can give the buyers the home owners’ association documents in their possession (which did not include the Resale Certificate) instead of requesting the documents from the association. »

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News

Economics, Industry News

PHFA offers Tax Credit Advance Loan — again

Wednesday, November 18, 2009
By Kim Shindle
PHFA offers Tax Credit Advance Loan — again

The PA Housing Finance Agency announced that it has allocated another $5 million to fund the TCA program, following the federal government’s extension and expansion of the homebuyer’s tax credit, said Kate Newton, PHFA director of Homeownership Programs. »

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News

Association News

PAR launches Commercial Information Exchange

Wednesday, November 18, 2009
By Kim Shindle
PAR launches Commercial Information Exchange

Pennsylvania REALTORS® now have access to a Commercial Information Exchange (CIE) as an additional PA Association of REALTORS® member benefit. REALTORS® can list and search for commercial properties through this service which is designed to save members time and money. »

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News

Economics, Industry News

Foreclosures continue to rise in Pennsylvania

Wednesday, November 18, 2009
By Kim Shindle
Foreclosures continue to rise in Pennsylvania

Time magazine reported on a shortage of attorneys to manage the avalanche of foreclosures across the country. Rising foreclosure rates continue to add inventory to the real estate market and high unemployment rates and Option-ARM mortgages ready to reset are expected to send foreclosure rates soaring. »

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Blog

Legal Issues

HUD to ‘exercise restraint’ in new RESPA regulations

Tuesday, November 17, 2009
By Brett Woodburn, Esq.
HUD to ‘exercise restraint’ in new RESPA regulations

If you’re following the evolution of amendments to RESPA (Real Estate Settlement Procedures Act), you know that HUD's responses to industry, consumer and governmental requests to delay implementing these changes has been “no dice.” »

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News

Association News, Designations, NAR

Designations give REALTORS® an edge

Tuesday, November 17, 2009
By Kim Shindle
Designations give REALTORS® an edge

According to a 2009 NAR Member Profile survey, the median income of REALTORS® without a designation was $28,400 and the median income of those with at least one designation was $55,700. REALTORS® who pursue professional designations have a distinct competitive edge as a result of their increased expertise and marketability. »

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News

Economics, Real Property Podcasts

Podcast: Tax credit and seasonality account for increased sales

Monday, November 16, 2009
By Samantha Elliott Krepps
Podcast: Tax credit and seasonality account for increased sales

In the last quarter, sales in Pennsylvania rose 11.8 percent but the median home sale price is still declining. »

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Blog

Legal Issues

Dual agency fraught with difficulty

Friday, November 13, 2009
By Jim Goldsmith, Esq.
Dual agency fraught with difficulty

If your practice permits dual agency but not designated agency, you may want to re-examine the reasons and determine whether your policy is in the best interest of your clients and your risk reduction practice. »

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