Fiscal Cliff Agreement: Impact On Real Estate

After a chaotic 23 hour struggle regarding the fiscal cliff, the drama in Washington came to a close late Tuesday, January 1, 2013 as the fiscal cliff deal passed the U.S. House of Representatives and Senate. The legislation, entitled The American Taxpayer Relief Act, was signed into law by President Obama the next day.

Though the deal averted an immediate budget crisis, it set the stage for months of renewed confrontations between Republicans and Democrats over the debt ceiling, entitlement reforms, spending cuts beyond a two-month delay of massive budget cuts, and a long-term plan for deficit reduction.

The Young Professionals: Their Future Is Today

The median age of REALTORS® working as full-time commercial real estate professionals is 57, according to the NAR 2012 Commercial Member Profile. This statistic surprises no one – accomplished commercial practitioners often come with a wealth of years of experience highly prized in the industry. Yet, there are many young professional REALTORS® thriving and producing in commercial real estate with much success.

Expectations And Market Realities In Real Estate 2013: Turn The Page

If there is one thing investors appear ready to do — perhaps even eager to do — it is to turn the page on the past few years. In general, investors want to put the past behind them, and although they may not know exactly where they are going, they know where they have been and that they do not want to return there. They know what they are dealing with, they realize that this situation will be with the nation for the foreseeable future, and they need to make adjustments in order to maximize commercial real estate investment performance and yield in this kind of environment. We believe that much of the critical research and analysis needed to do just that is provided in our new outlook report: Expectations & Market Realities in Real Estate 2013 — Turn the Page.

Young Professionals: The Latest

NAR Expands Commercial Footprint: An important organizational change finds it roots in a recommendation from the Membership Structures PAG, which met throughout the summer last year.

REach™-ing For Commercial Mentors: REach™ offers NAR members a unique opportunity to work closely with these companies looking to shape how you and your clients conduct business in the future.

REALTORS® Have "Office Space” At RECon: Are you a REALTOR® attending ICSC RECon 2013 in May? NAR is providing space to meet with a client, write up a contract and close new business.

Register Today for Destination Vegas: Your Passport to Resort & Global Success

April 18-19, 2013

Greater Las Vegas Association of REALTORS® Headquarters

Spend two days in Las Vegas learning how you can effectively bridge the resort/secondhome and global market segments in your business. You will be at the table with highly regarded professionals in these market segments, facilitating knowledge exchange and referral opportunities.

One Step Further: Use Social Networking to Expand Your Global Connections

Once your website content and design are working for you, it’s time to spread the word about what you do for global real estate clients. Social networking will help give you more “face time” with potential clients, referral resources, and peers.

Social networking goes beyond using Facebook, Twitter, LinkedIn, Pinterest and similar sites. Sure it’s important to create a profile and/or business page on each of these sites, if you haven’t already. But you need to do more than create them. You also need to work the social networking scene.