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REAL ESTATE
February 18, 1990
After reading Heather Simms letter (Feb. 4) complaining about Robert J. Bruss' advice to sellers to only give a listing to a realtor for 30 days and to include a cancellation of listing clause if the agent is not doing his/her job, I am forced to wonder if these agents have ever worked for a living at all. Her point questioning "what contract of employment may be terminated at a moments notice?" betrays her lack of experience and knowledge of the workplace most of us are familiar with.
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BUSINESS
May 21, 2013 | By Lauren Beale
The thing about "vanity pricing" is … it does provide exposure. There's nothing quite like planting a for-sale sign at the top of the price spectrum to draw notice. With that in the mind, the nation's real estate attention span -- albeit fleeting -- is currently drawn to a Greenwich, Conn., mansion that tops Realtor.com at $190,000 million. For that, “you get your” (could not resist the sales speak) 50.5 acres, 13,519-square-foot Victorian mansion, 1898 building date, 12 bedrooms, nine bathrooms, 10 fireplaces, elevator, waterfront and bragging rights.
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REAL ESTATE
January 21, 1990
As an ex-realtor and now owner of a mortgage company, I take exception to Robert J. Bruss' reply Dec. 17 to the person who asked: "How to Avoid Overpaying for a Home." He's right on everything except the reply about financial information the realtor has a right to know. Here's why. --By getting vital information regarding the buyer's finances, the agent not only saves his valuable time but the valuable time of the buyer as well. Knowing what the buyer can and cannot afford will surely dictate what properties to preview and then show the buyer.
BUSINESS
February 21, 2013 | By Alejandro Lazo
One measure of national home prices rose last month with a vigor not seen since the bubble days as the number of foreclosed homes and other distressed properties on the market shrank. The median sales price for previously owned U.S. homes rose 12.3% annually in January to $173,600, the National Assn. of Realtors said Thursday. It was the 11th consecutive month of annual increases and the strongest such gain since November 2005. In the West, the median price rose 26.6% over the year to hit $239,800 as sales fell.
REAL ESTATE
August 17, 1986 | DON G. CAMPBELL, Times Staff Writer
As the 13-year-old told his mother when asked about the progress he was making on his school biology paper: "Fine . . . but I think I've learned more about penguins than I ever wanted to know." Today's home shopper can sympathize with him. Once the potential buyer gets really serious about making an offer on a house, what happens?
BUSINESS
June 27, 1989
Bob Fletcher has joined Re/Max of Rancho Bernardo as a realtor-broker.
SPORTS
December 4, 2002
"If he misses practice, he might not need a realtor." John Lucas, Cleveland Cavalier coach, after rookie point guard Smush Parker asked to be excused from a practice to meet with a realtor.
SPORTS
May 6, 2000
So the Fullerton Realtor ["When Fans Won't Play Ball," April 30] thinks the players owe it to us fans to autograph memorabilia (Tim Salmon's 200th-homer ball) because they make so much money. I too am a Realtor and I'd like to know what "Mr. Give Me a Black Bat!" says when a prospective client tells him his $18,000 commission for listing and selling a $300,000 Fullerton home is too high! I bet he doesn't think about being overpaid! KEVIN ROBINSON Norwalk
CALIFORNIA | LOCAL
November 12, 1992
While Ron Taylor is a pleasant gentleman, I cannot believe the article he wrote entitled "Property Values, Spirits Sink on Peninsula," in the Nov. 5 Los Angeles Times South Bay section. Mr. Taylor interviewed me as a prominent realtor who is also an attorney and real estate developer on the Palos Verdes Peninsula. But he chose to ignore the information I gave him. There are situations that can be carefully chosen to present overblown stories of financial disaster. You can find them in any market.
BUSINESS
November 27, 1993 | From Times Staff and Wire Reports
RTC Nominee Says He May Decline Post: Florida realtor Stanley Tate, President Clinton's choice to head the Resolution Trust Corp., said he will decide next week whether to withdraw his name. Bloomberg Business News quoted him as saying in a telephone interview from his Miami office that he has been unable to arrange a meeting with Sen. Donald W. Riegle Jr. (D-Mich.), chairman of the Senate Banking Committee, which must consider the nomination.
BUSINESS
December 23, 2012 | By Lew Sichelman
In an effort to get the earliest reading possible on the housing market, economists at the National Assn. of Realtors are developing a national index that measures foot traffic, or visits to houses for sale. NAR already has an index for pending home sales, which measures signed contracts. It is a forward-looking indicator that is roughly 30 to 60 days ahead of another key market measurement, existing home sales. A sale is listed as pending when a contract has been signed but the transaction has yet to close.
BUSINESS
September 16, 2012 | By Lew Sichelman
WASHINGTON — The National Assn. of Realtors, a political heavyweight with a million-plus members, has embarked on two initiatives to ensure that when key votes are taken at all levels of government, the Realtors' point of view will be heard loud and clear. As part of a broader consumer outreach strategy, the Realtors group for the first time will engage consumers directly through emails and browser ads that introduce the association as their ally in homeownership. The group also has launched a novel political-campaign school to help elect members to office on the local, state and national levels.
BUSINESS
August 23, 2012 | By Tiffany Hsu, Los Angeles Times
Sales of existing homes are strengthening and prices continue to rise, stoking confidence in the housing market's recovery. Resales of single-family homes, town houses, condominiums and co-ops grew 2.3% in July from June to a seasonally adjusted annual rate of 4.47 million, according to the National Assn. of Realtors. The measure took an unexpected drop in June. Resales jumped 10.4% compared with the same month last year. Economists at the Realtors association believe that sales could reach an annual rate of 5 million next year.
BUSINESS
February 7, 2012 | By Jim Puzzanghera
The National Assn. of Realtors is the largest campaign contributor to members of Congress from California, according to a study released Tuesday that shows the nation as a sort of United States of Special Interests. The analysis by MapLight, a nonpartisan research organization focused on money's influence on politics, determined the top five campaign contributors to each state's congressional delegation. The realtors group contributed a total of $497,000 to California House members from July 2009 through last June and to the state's two senators from July 2005 through last June.
BUSINESS
February 5, 2012 | By Lew Sichelman
When it comes to lawsuits, real estate agents and brokers tangle mostly among themselves. But a good number of cases are brought by disgruntled buyers or sellers. To be fair, the vast majority of real estate deals go off without a hitch, or at least without problems that leave buyers or sellers feeling so wronged that they are willing to spend the time and money to take someone to court. If the latest edition of "Legal Scan" tells us anything, it is that a handful of agents and brokers and their clients either don't know the law or don't care to follow it. "Legal Scan" is a biennial research report by the National Assn.
BUSINESS
January 21, 2012 | By Alejandro Lazo, Los Angeles Times
Home sales rose nationally in December, marking the third consecutive month that the market has shown improvement. Previously owned homes were sold at a seasonally adjusted annual rate of 4.61 million units, up 5% from November and 3.6% from December 2010, the National Assn. of Realtors said Friday. "The market for single-family homes picked up in the second half of 2011, after being stuck near the bottom for nearly three years," Patrick Newport, an economist with IHS Global Insight, wrote in a note to clients.
REAL ESTATE
March 26, 1989
Hurrah for Mark Alves and hundreds of others who have given the Help-U-Sell-rate realtor an opportunity to demonstrate his professional skills and help the homeowner keep more of his profit. Realtors who call themselves "full-service" realtors are really only six-percenters. At one time 6% was a fair commission, but that was back when homes were selling for $20,000--$30,000 in the late 1960s. Times have changed. Today homes are selling for $150,000-plus, and 6% does not justify the commission.
BUSINESS
December 30, 2011 | By Tiffany Hsu, Los Angeles Times
The most Americans in more than 18 months signed contracts in November to buy homes, raising hopes that a boost in sales will follow, a real estate industry group reported Thursday. An index of pending purchase agreements rose to 100.1 last month, up 7.3% from October, according to the National Assn. of Realtors. The reading is the highest since the gauge spiked to 111.5 in April 2010, when buyers rushed to take advantage of an expiring federal tax credit. The November increase followed a 10.4% gain from September to October.
BUSINESS
December 22, 2011 | By Alejandro Lazo, Los Angeles Times
The National Assn. of Realtors has revised sharply downward the number of homes it calculated were sold from 2007 to 2010, revealing a much weaker housing market than it had estimated. For 2010 alone, the trade group revised its estimate of home sales 14.6% lower than what it had previously reported — to about 4.2 million homes. Overall, sales and inventory reported by the group were reduced by 14.3% for 2007 through 2010, the association said Wednesday. The group gave several reasons for the revisions, including some sales that had been counted multiple times.
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