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The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers' long-standing commissions, commonly of up to 6% of the purchase price.
States issue licenses for an annual or multi-year period and require real estate agents and brokers to complete continuing education prior to renewing their licenses. For example, California licensees must complete 45 hours of continuing education every 4 years in topics such as agency, trust fund handling, consumer protection , fair housing ...
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.
In 2022, Newmark commercial real estate agents were sued by a client after they drastically mispriced an asset in a deal they brokered. The property, once owned by OCA - Asian Pacific American Advocates, a Washington, D.C.–based non-profit, was sold for $4.4 million. Four months later, the buyer resold the asset for a 30% increase.
Turnberry Associates is a real estate development and management company in the United States. The company has developed over $10 billion [ 1 ] worth of properties during the course of its history. Current holdings in its portfolio include the Aventura Mall , the JW Marriott Nashville Marriott, and SoLé Mia .
Cambridge Investment Research Incorporation is a United States-based broker-dealer and asset management firm headquartered in Fairfield, Iowa.The company was founded in 1981 and mainly works as a broker-dealer, but also manages investment assets through its subsidiary Cambridge Investment Research Advisors Inc.
The nature and scope of a mortgage broker's activities vary with jurisdiction. For example, anyone offering mortgage brokerage in the United Kingdom is offering a regulated financial activity; the broker is responsible for ensuring the advice is appropriate for the borrowers' circumstances and is held financially liable if the advice is later shown to be defective.
On September 11, Heki filed a police report stating that a private email list was stolen from her office at Bachmann's Iowa campaign office in Urbandale, Iowa, sometime between November 1 and November 10, 2011. The police report lists the suspect as a 40-year-old man from Milo who is a state senator, but does not give the legislator's name.