| Legal Update: REALTOR® & Appraiser Interaction Under Dodd-Frank |
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A common complaint among REALTORS® in virtually all of Michigan is that many residential deals are failing because the home will not appraise at a value that permits the buyers to finance the purchase and close on the home. ... more
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| National Association of REALTORS Midyear Meetings: Moving the REALTOR® agenda forward in Washington |
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The National Association of REALTORS (NAR) will hold their annual Midyear meetings on Capitol Hill in Washington D.C. on May 13-18. ... more
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| March Average Selling Price Reported at Over 20% |
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According to the MLS reports compiled by the Michigan Association of REALTORS®, 95% of reporting units reported an increase in average selling price from Mar 2013 to Mar 2012; with 17 locals reporting an increase at/near 20+%.
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| Run for MAR District Director - Deadline to File - July 12th |
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Individuals wishing to seek candidacy must file with MAR by Friday, July 12, 2013. REALTORS® (based on home address) in Congressional Districts 2, 3, 5, 7, 8, 10, 12 and 13 are eligible to run.
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| Foreign Clients At Our Door |
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“Not only is Detroit the home of the auto industry, it is an absolute icon to the Chinese.” That is the gist of what Ann Arbor attorney Peter Theut shared with MAR leadership at its Achieve conference in Detroit. ... more
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| College Scholarships Available Through MARST! |
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The MARST administers two scholarship funds, the Russel A. Pointer and the Barney Harkins Scholarship and Educational Fund. Applicants are automatically considered for financial assistance from both funds.
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| Commercial Real Estate Investment Sales Increase |
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Despite a sluggish economy and underlying governmental concerns that loom over the current investment landscape, there are solid signs of improvement and stronger expectations for 2013 according to the latest CCIM Quarterly Market Trends report.
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| Legislation Streamlining the PRE Filing Process for Lenders on Foreclosures on the Move |
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With the passage of the Principal Residence Exemption (PRE) Enhancement legislation last year, lenders were able to retain the PRE on a foreclosed property, but they must still pay the 18 non-homestead mills in local school operating property taxes.
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| Participate in Nationwide Open House Weekend – April 20-21 |
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Mark your calendars for Saturday and Sunday, April 20 and 21, 2013—and join REALTORS® and associations throughout the U.S. and internationally for a weekend open house. ... more
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| Updated PRE Forms Now Available |
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With the implementation of the Principal Residence Exemption (PRE) Enhancement legislation that passed last year, homeowners are now able to file for the PRE on or before June 1st, or on or before November 1st. ... more
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