For many years, owner-occupied two and three-family dwellings have been exempt from complying with lead hazard mitigation laws. This exemption will be eliminated on January 1, 2024.
Do you ever solicit business by cold calling members of the public, including For Sale By Owner’s (FSBO’s), owners of withdrawn or expired listings, open house attendees, or former clients and customers? If the phone number is one of the 221 million filed with the National Do Not Call Registry, you could face a maximum fine of $11,000 or even be named as a defendant in a class action lawsuit for repeated violations.
Home sales data released today by the Rhode Island Association of Realtors showed some improving trends. Single-family home sales activity in Rhode Island continued an 18-month descent in October, falling 17% year-over-year. Pending sales however - those homes put under contract in October but not closed by the 31st – fell by only 7.1%. An indication of sales activity in the weeks ahead, pending sales have not increased from the prior year since December 2021 and had fallen as much as 40.9% in October, 2022.
The Rhode Island Association of REALTORS® Executive Committee has approved the following new forms that were created by the Forms Committee.
On January 1, 2024, a new law, Public Law 319, will restrict the type and amount of fees that landlords, property managers, rental agents, etc. can charge rental applicants. In accordance with the new laws, The Rhode Island Association of REALTORS® Executive Committee has approved updates to the following forms that were created by the Forms Committee, as well as a new form created by the committee.
On December 1, 2023, State-Wide Multiple Listing Service will allow listing brokers to enter zero as an offer of compensation to cooperating brokers. The Rhode Island Association of REALTORS® Executive Committee has approved the following updates to the following forms....
Warwick, R.I. – November 3, 2023 – Michelle Keach, of Coldwell Banker Realty in Cumberland, R.I. was recently chosen by her peers as the 2023 Rhode Island Realtor of the Year. The award recognizes one of more than 6000 Realtors throughout Rhode Island for their dedication to the Realtor organization, as well as their civic contributions.
Sally Hersey of Williams & Stuart Real Estate in Cranston, was recently installed as the 2024 President of the Rhode Island Association of Realtors at the Association’s 75th Annual Installation and Awards Celebration. Licensed in Rhode Island and Massachusetts, she began her real estate career in 2006 and has risen through the ranks of the Realtor organization.
New lead laws have gone into effect with more to come in 2024. How do the new lead laws apply to short-term rentals?
Warwick, R.I. – October 18, 2023– While the supply of single-family homes on the market remains far below the five- to six-month inventory that typically indicates a balanced market – the past few months have shown slight improvement. Inventory rose to a two-month supply in September, a change for the better from earlier in the year when it had fallen to 1.2 months.