Are you confused about how to handle offers and purchase and sales agreements with competing with multiple escalation clauses? The RIAR Forms Committee has added language to the Escalation Addendum to explain that multiple offers with escalation clauses will be compared on the net escalated price of each offer instead of the net base price. These offers
Have you ever been burned by a seller or listing broker who refused to honor a verbal compensation agreement? Rhode Island law requires a written contract or other form of writing in order to enforce the promise to pay a real estate compensation to a listing broker or cooperating broker. Use these three RIAR forms to protect yourself. Showing and
Rhode Island will hold a statewide election on March 2, 2021 to vote on $400 million worth of debt service to pay for projects such as affordable housing, parks and transportation. The Government Affairs Committee will vet the proposals prior to the election and communicate with housing advocates on the merits of the proposal. Here are some important things
Warwick, RI --January 22, 2021 – The Rhode Island Association of Realtors released December and fourth quarter home sales statistics today, which portrayed skyrocketing activity in the Ocean State’s housing market at the end of 2020.
Warwick, RI – January 15, 2021 -- For obvious reasons, 2020 was one for the record books and housing sales certainly stood out among them. With more single-family home sales than ever before, Rhode Island’s housing market soared despite a worldwide pandemic and historically low inventory levels. Sales statistics released today by the Rhode Island Association of Realtors, point to a single-family home market which saw a year over year gain of 5.1 percent in closed transactions and an increase of 12.3 percent in median price.
With the recent news regarding Zillow becoming a real estate brokerage, we will be phasing out the listing syndication feed currently in place. What does this mean? When adding new listings in Matrix, you will no longer have the “Zillow.com=yes/no” field available to you. As a brokerage and MLS Participant, Zillow will have the same rights as