11/20/20: Yesterday, the US Department of Justice filed a new antitrust complaint against the National Association of REALTORS. NAR and the DOJ have negotiated a settlement agreement. Here are the key points: PROHIBITED CONDUCT NAR and its Member Boards must not adopt, maintain, or enforce any Rule, or enter into or enforce any Agreement or practice,
Changes have been made to the RIAR Purchase and Sale agreement. The exact time that you see the forms will depend on when your preferred forms vendor posts the changes. They are available on Instanet and expected soon on other vendors. The major changes include: how and when deposits are collected with electronic transactions; a change to when the
UPDATE: 12/10/20- 12/10/20 Update-Gov. Gina M. Raimondo announced during her weekly coronavirus briefing that Rhode Island’s “pause” will be extended to Dec. 20 from its original deadline of Dec. 13. Restrictions on recreational facilities, bars and gyms will continue as is through Sunday, Dec. 20th and restrictions will be reduced in some
Revisions to the Rhode Island Association of REALTORS® Purchase & Sales Agreements are now available on Instanet and will be available as soon as the other vendors post the new form, expected no later than late November/early December. An explanation of all the changes, as well as a sample of the revised Purchase & Sales Agreement is available
The NAR Board of Directors recently approved a series of recommendations from NAR’s Professional Standards Committee that extends the application of Article 10 of the Code of Ethics to discriminatory speech and conduct outside of members’ real estate practices. The changes go into effect immediately but do not retroactively apply to
Are you aware of an obsolete retail center, closed hospital, school or other abandoned structure in your market in need of an innovative, adaptive reuse strategy? Is your community in transition as a result of challenges that threaten its economic health and vitality: closure or relocation of a major employer or the after-effects of a catastrophic event
WASHINGTON (November 11, 2020) – The coronavirus pandemic initiated several shifts in America's housing market over the past eight months. Changes in the behaviors of home buyers and sellers were especially notable as buyers' usual tendencies altered, and the urgency to sell accelerated. This is according to new data from the National Association of
Warwick, RI -- November 3, 2020 – Michael Saccoccio of Coldwell Banker Realty in Warwick was recently selected as the 2020 Rhode Island Realtor of the Year. A 30-year veteran of the real estate profession, Saccoccio was chosen by his peers for the statewide honor from a field of five local board Realtor of the Year winners. In addition to receiving
State-Wide Multiple Listing Service has named Cumberland resident, Robert Martin, 2021 president of the listing information exchange and transaction service. Martin is the broker/owner of CrossRoads Real Estate Group in Woonsocket and Glocester, R.I. In his 35 years as a Realtor, Martin has served on local and state Realtor committees and held the president
The Rhode Island Association of Realtors has announced its 2021 officers. Leann D’Ettore, broker/co-owner of Homistic Real Estate, will serve as president of the 5400-member organization. She is the youngest Realtor ever elected to the position of president. Licensed for 16 years, D’Ettore opened her brokerage with her partner at the age of 23.