The purpose of this fact sheet and suggested voluntary guidelines is to increase real estate professionals’ awareness, knowledge, and understanding of the potential money laundering risks surrounding real estate and enable them to identify practical measures to mitigate the risks.
Move Inc. announced today the promotion of Curt Beardsley to executive vice president of industry development. “For the past seven years, Curt has served as the industry’s voice at Move in a variety of successive roles,” said Move CEO Steve Berkowitz, “from his deep roots with our Top Producer and ListHub industry products to his significant involvement in our data protection and accuracy initiatives. This is a formal acknowledgement of his day-to-day stewardship of the industry relationships that are central to our success.”
When REALTOR® AE magazine asked Steve Harding, CEO of the Tennessee Association of REALTORS®, what he thought had led him to receive the 2013 William R. Magel Award of Excellence, he recalled the inspiring guidance given to him many years ago by Magel himself.
By now pocket listings are a concept most real estate professionals are familiar with, and in some circles they have become something of a dirty word. Lower inventory has created a surge in pocket listings, especially in markets such as Northern California, where as much as 30 percent of all listings are believed to be pocket listings. However, markets across the United States are dealing with this issue more often lately as real estate recovers and demand outpaces supply. Pocket listings can be legal, but agents must proceed cautiously and consider the related risk management concerns they pose.
Especially in small associations, where REALTORS® know one another, their families, and their dogs (the one who dug up the neighbor’s flower beds), one’s professional reputation is very important. In tight-knit communities where it’s hard to sweep anything under the rug, professionalism can flourish or it can falter.
Who will claim the ratings space and how agents will be rated are questions associations, brokers, agents, and others will continue to ask themselves.