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With over 10,000 tenants, real estate investor Ken McElroy has a unique insight into the economy. In a video recently posted on YouTube, McElroy dives into the data collected by his team to shine ...
Negative equity is a deficit of owner's equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan. [1] In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down".
Going into negative equity isn’t always within your control (you can’t predict the ups and downs of the local real estate scene, after all), but there are some ways to protect yourself from it.
For instance, the Real Estate Board of New York, or REBNY, announced that, beginning next year, seller’s agents can’t make an offer of compensation or directly compensate a buyer's agent.
In the case of real estate an owner may, for whatever reason, feel uncomfortable with revealing a given price to the public; an estate agent may also want to prevent trends in property prices over a given area from becoming public information. Perhaps the most nefarious use of the "price on application" term is as a mild low-ball technique ...
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
Ken H. Johnson, a real estate economist at Florida Atlantic University and a former real estate broker, says the new rules just add another layer of complexity to an already-confusing process.
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