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Advice for the Rookie Realtor

By Inman News, Wednesday, April 28, 2004.

Re: 'Rookie Realtor: Newbie releases tax return' (April 26)

Dear Rookie:

Please send me your direct mailing address or one that will get the mail to you, and I will send you free copies of Designware for Landscape ($600 retail); Designware for Pools (retail another $600); Maureen Gilmers "Garden Maker" ($70 retail); Kitty Bartholomew's "Home Designer" ($70 retail); plus custom corporate programs for landscape lighting, fencing, street lighting, siding...If you don't make use of the programs as a R  more...

Deutsche Bank extends office lease

By Inman News, Wednesday, April 28, 2004.

Mack-Cali Realty Corp.  more...

Ohio apartments undergo 1031 exchange

By Inman News, Wednesday, April 28, 2004.

Marcus & Millichap negotiated the sale of the 324-unit Rockside Place Apartments in Garfield Heights, Ohio.  more...

Metroplex sold in San Diego

By Inman News, Wednesday, April 28, 2004.

Colliers International brokered the sale of three multi-tenant industrial buildings totaling 92,930 square feet in San Diego, Calif.

 

 more...

Florida real-estate sales climb

By Inman News, Wednesday, April 28, 2004.

Florida home sales soared to new heights in March with a total of 21,610 homes sold statewide for a 29 percent increase over March 2003's sales of 16,725 homes, according to the Florida Association of Realtors.

The statewide median price rose 12 percent to $168,400; a year ago, it was $150,400. In March 1999, the statewide median sales price was $101,100, resulting in a 66.5 percent increase over the five-year-period, FAR records show.  more...

Stewart earnings decline

By Inman News, Wednesday, April 28, 2004.

Stewart Information Services Corp.  more...

Major divide in home ownership between whites, minorities

By Inman News, Wednesday, April 28, 2004.

A major divide in home ownership rates among minorities and whites has remained virtually unchanged from the 1990 Census to the fourth quarter of 2003, according to researchers at the University of Southern California Lusk Center for Real Estate.

Lusk Center researchers conducted a three-year study, funded by the <  more...

Economic conditions lift consumer mood

By Inman News, Wednesday, April 28, 2004.

The Conference Board's Consumer Confidence Index, a key indicator of economic conditions, increased in April to 92.9 (1985=100), from 88.5 in March. The Present Situation Index rose to 90.6 from 84.4, and the Expectations Index increased to 94.5 from 91.3.

"This latest improvement in consumer confidence was sparked by a more favorable assessment of current business and labor market conditions and increased consumer optimism about the next six months," Lynn Franco, director of The Conference Board's Consumer Research Center, said.  more...

Refinancings drop as rates push past 6%

By Inman News, Wednesday, April 28, 2004.

Overall mortgage applications increased by 0.5 percent last week on a seasonally adjusted basis, with the number of refinancing applications dropping and the number of purchase applications increasing, according to the Mortgage Bankers Association's weekly survey.

The MBA seasonally adjusted purchase index increased by 6.8 percent to 463.5 from 434.1 the previous week.  more...

Illinois real estate breaks records

By Inman News, Wednesday, April 28, 2004.

The Illinois housing market's spring season came in like a lion in March as existing single-family home sales were up 11.5 percent, while the statewide median home-sale price increased 3.5 percent compared to the same period one year ago, the Illinois Association of Realtors reported Tuesday.

Statewide sales of existing homes in March totaled 9,577, an 11.5 percent increase from the 8,589 sales posted during March 2003. The March 2004 results are the highest March sales reported on record since the association began reporting statistics in 1990.  more...

Uneven commissions spark heated debate

By , Wednesday, April 28, 2004.

Whether it is a "sin," a "right," or something in between, the practice of uneven commissions between listing brokers and buyer-side brokers appears to be on the rise, according to an informal Inman News survey.  more...

Huge real estate scam hits Oregon

By Samantha Peterson, Wednesday, April 28, 2004. A grand jury in Yamhill County, Ore., last week handed down indictments of seven suspects accused of perpetrating one of the state's worst real-estate scams.

Together, the seven face 39 counts of racketeering, theft, forgery, broker fraud and other charges.  more...

Homestore CEO to speak at Real Estate Connect

By Inman News, Wednesday, April 28, 2004.

Mike Long will speak at Real Estate Connect July 28-30 in San Francisco.

 

Homestore CEO Mike Long is on a mission: to increase the value and e  more...

Is contract clause waiving a jury trial enforceable?

By Robert Bruss, Wednesday, April 28, 2004.

Grafton Partners hired accounting firm PricewaterhouseCoopers as its independent auditor.  more...

Vegetables, lead paint don't mix

By Bill and Kevin Burnett, Wednesday, April 28, 2004.

Q: I have some space behind my garage where I could raise some vegetables, but I was advised not to do this because the garage has crumbling lead paint on it.

My yardman, who is a shipyard painter in his regular job, has told me that he can remove the paint. Would it be unethical to let him do this?

I would like to ask him some pertinent questions about his methods, but his English is limited, and I don't think he would understand me.  more...

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