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Forms of rent regulation. The loose term "rent control" can apply to several types of price control: "strict price ceilings", also known as rent freeze systems, or absolute or first generation rent controls, in which no increases in rent are allowed at all (rent is typically frozen at the rate existing when the law was enacted) A price ceiling will create a shortage in between Qs and Qd.
In the early 1990s, rent control in some cities, such as Boston and Cambridge, Massachusetts, was ended by state referendums. When rent control ended in Cambridge, the city realized a 20% increase in new development and an increase in property values, according to a study by the MIT Center for Real Estate.
The National Association of Realtors ( NAR) is an American trade association [4] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [5] making it the largest trade association in the United States [6] including NAR's institutes, societies, and councils, involved in all aspects of the ...
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Donating real estate to charity can come with a myriad of benefits. Not only will you help out a worthy cause, but also take advantage of tax benefits that can lower your overall personal tax burden.
Tory Row. Tory Row is the nickname historically given by some to the part of Brattle Street in Cambridge, Massachusetts, where many Loyalists had mansions at the time of the American Revolutionary War, and given by others to seven Colonial mansions along Brattle Street. Its historic buildings from the 18th century include the William Brattle ...
In an indication of what may be coming for the rest of the country, the Real Estate Board of New York — New York City’s leading trade association — rolled out a new policy it called the ...
Multiple listing service. 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.