News / Features

Illinois streamlines real estate licensing process with new online system

The process of applying for a real estate license or transferring an existing license in Illinois is expected to become significantly easier as the Illinois Department of Financial and Professional Regulation (IDFPR) unveils a new online system. Managing brokers,

Real Estate in Brief: CoreLogic Home Price Index reveals home prices increase and more

The latest Home Price Index from CoreLogic reveals that U.S. home prices increased for the seventh consecutive month in February, up 6.7 percent from February 2017 and 1 percent from January 2018. CoreLogic’s HPI Forecast predicts that U.S. home prices

NAR unveils new ‘multi-dimensional’ look

After 45 years, the National Association of Realtors’ familiar logo is on the way out in favor of a refreshed new look that the organization hopes symbolizes its focus on the future. The new logo — featuring a 3-D

Will economic confidence translate to the real estate market?

The number of homeowners and potential buyers feeling confident about the economy and their current financial situation is increasing, but they continue to have concerns about the housing market, according to the National Association of Realtors’ Housing Opportunities and

Real Estrange: A pulp residence

A pulp residence The home of Quentin Tarantino’s character Jimmie Dimmick in his 1994 Oscar-winning film “Pulp Fiction” is on the market for $1.395 million. Remember the scene when Samuel L. Jackson and John Travolta crash at Jimmie’s house

Cover story: How to succeed as a managing broker

Top agents, association executives and company owners might be the public faces of the real estate industry, but there’s someone else who is responsible for much of those people’s success and whose job is unique among real estate professionals:

Listing descriptions can increase sales price by up to 29 percent

When looking for a new home, many buyers have specific amenities and features on their wishlists, ranging anywhere from state-of-the-art kitchen appliances to solar panels and other green features. These amenities aren’t just important for buyers — they can

Lack of new-home sales fuels amped-up spring competition

Buyers can expect the coming months to be the most competitive buying season in years, largely because not enough new homes were sold this winter to quell the demand, according to a new report from realtor.com. About 618,000 newly constructed

How different generations rely on agents during homebuying process

Of all the tools available to potential homebuyers, members of the millennial and baby boomer generations cite their real estate agent as their most-relied upon resource while searching for a new home, according to a recent survey by Owners.com.

MLS Grid officially launches new service to unify MLS feeds

MLS Grid, a platform that allows real estate brokers and their vendors access data from multiple listing services free of typical barriers, recently made its debut in Chicago with plans to expand nationwide. Now, more than 200,000 real estate

HUD marks the 50th anniversary of Fair Housing Act amid controversy

On April 11, the U.S. Department of Housing and Urban Development (HUD) will mark the 50th anniversary of the Fair Housing Act at a ceremony in Washington, D.C. However, some of HUD’s recent actions have received a significant amount

Real Estate in Brief: REAL Trends reveals nation’s largest brokerages, rents spike and more

REAL Trends, a real estate brokerage news source, recently released its 2017 REAL Trends 500, a ranking of the nation’s leading residential real estate brokerage firms. NRT LLC sits atop the list as the largest residential brokerage company in the country, with 346,942

NAR 2019 budget proposal includes larger focus on political efforts

The National Association of Realtors has released its 2019 budget plan, which includes approximately $35 million in new programming. The plan — dubbed the S.M.A.R.T. Initiatives: Strategic Measures Advancing Realtors to Tomorrow — will increase dues for each of

The best way to stay in contact with your client — just forget the emojis

It can be difficult to find time for face-to-face meetings or even phone calls, leaving many agents and clients rely on text messages to communicate. Smartphone users in the United States are initiating and receiving five times as many

Millennials spend nearly half their income on rent

It’s common for millennials to be thinking about buying a home or starting a family, but increasing rent prices are holding back many from making the leap into homeownership. An RentCafe analysis of data dating back to 1974 revealed that

Average American spends over $18,000 selling their home

Due to the fact that 61 percent of home sellers in the United States have never sold a home before, many of the hidden costs can be a surprise financial hardship to those looking to sell their homes. According

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