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The making of real estate hybrids Premium Content

By Glenn Roberts Jr., Tuesday, July 7, 2009.
Credit: <a href="http://media.gm.com" target=blank>GM photo</a>.

Journalists and real estate professionals have long shared an image problem.

The stereotypes are a fixture in fictional TV shows and in the movies: the reporter who lies, cheats and/or steals to get the Big Story; the agent who will do anything -- trampling ethics and laws and in-laws -- to close that Big Sale.

The perceptions about the below-limbo levels to which professionals in these industries will stoop is pervasive, and especially ironic because trust and reputation are cornerstones for the success of these professionals and their industries as a whole.  more...

John L. Scott, BofA in joint venture

By Inman News, Tuesday, July 7, 2009.

John L. Scott Real Estate and Bank of America have formed a joint venture to provide mortgage loans to homebuyers in Washington and Oregon.

Response Mortgage LLC, an operating series of Bank of America's CWB Mortgage Ventures LLC, is a successor to Response Mortgage Services, the lender through which John L. Scott Real Estate offered in-house home financing products and services.  more...

NAR won't fight creation of consumer agency Premium Content

By Inman News, Tuesday, July 7, 2009.

The National Association of Realtors will reportedly not join a coalition of industry groups that's lobbying against the creation of a Consumer Financial Protection Agency.

The American Financial Services Association is coordinating opposition to the Obama administration's call for a consumer agency that would regulate financial products like mortgages and credit cards, Reuters reports.  more...