PRELIMINARY APPROVAL OF SETTLEMENT AGREEMENT GRANTED
This past weekend, the Plaintiffs’ counsel in the Sitzer v. Burnett class action lawsuit filed a Motion for Preliminary Approval of the proposed NAR settlement agreement with the federal court in the Western District of Missouri. Today, Judge Bough granted that motion which means that, as of today, the settlement agreement is preliminarily approved. Settlement…
Buyer Financing and Commission Financing After the Settlement
The below information was shared by NAR in The Hub. We strongly encourage all members to create your Hub account to track updates and information provided by NAR. The recently announced settlement raised several questions regarding access to mortgages and the ability to finance agent commissions. In short, under the settlement, buyers still have the same…
Update Regarding NAR Proposed Settlement in Class-Action Lawsuit
Following up on NAR’s March 15 announcement of a proposed settlement to end the Sitzer/Burnett class-action lawsuit, Washington REALTORS® has released a video update breaking down the three aspects of the proposed settlement and what their impacts are likely to be for real estate practitioners in Washington State. At a fundamental level, the proposed rules…
In the Mood for a Little Spring Cleaning?
In the mood for a little spring cleaning? Whether you hire a house cleaning service or you prefer DIY, you know why a good “Spring Cleaning” is so important. Spring is when we come out from the dark shroud of winter into the light and enjoy the blossoming trees and flowers. Spring is the season…
Battling the Downpour: How Western Washington’s Rainy Season Impacts Homes and the Importance of a Home Inspection
Written by Herb Daniels Battling the Downpour: How Western Washington’s Rainy Season Impacts Homes and the Importance of a Home Inspection As the lush green landscape of Western Washington transforms into a canvas painted in myriad shades of gray, residents brace themselves for the onslaught of the rainy season. While the rain brings its own…
Unlocking the Power of Pre-Inspections
Unlocking the Power of Pre-Inspections: A Strategic Approach for Sellers By: Jon Teabo, President of A-Pro Home Inspection Services In the ever-evolving landscape of real estate, sellers are constantly seeking innovative ways to stand out in a competitive market. While the legal requirement to disclose property conditions is well established, savvy sellers are increasingly turning…
What Comes Next After Verdict in Burnett v. NAR?
What comes next after verdict in burnett v. nar? After an 11-day trial in the case of Burnett v. NAR et al, and only 2.5 hours of deliberation, the eight-person jury found the National Association of REALTORS® and other corporate defendants liable in the case with a recommendation that the defendants must pay $1.78 billion…
Navigating the Home Inspection
Navigating the Home Inspection Process By: Jon Teabo, President of A-Pro Home Inspection Services The journey of buying or selling a home is an intricate dance, and one crucial partner in this endeavor is the home inspector. As REALTORS, you play an essential role in helping your clients prepare for a home inspection and facilitating…
Tacoma Measure 1 Will Hurt Providers, Renters
Tacoma Measure 1 will hurt providers, renters regina madiera-gorden, realtor Like many of Tacoma’s housing providers, my husband and I are small-scale providers of rental units in the City of Tacoma. Our margins exist in the hundreds of dollars, not millions. Our existence as housing providers in the City, as well as our renters’ home,…
Tacoma Measure 1’s Impacts to Housing Market
tacoma measure 1 will hurt renters, providers Tacoma Measure 1 Will Hurt Small Housing Providers, Renters Tacoma Measure 1 presents an existential threat to rental housing providers in the City of Tacoma as it poses risks which will be too costly to bear for many, particularly small housing providers. Small “mom and pop” providers are…
TPCAR Candidates Successful in Elections
Tacoma-Pierce County Association of Realtors endorsed 16 candidates in this year’s General Election and are pleased to announce that 15 of those 16 were successful in their election. Support for levies related to public safety, parks, schools, and fire protection saw a majority of success with 4 of our 6 endorsed levies passing. To view…
Read MoreNorthwest MLS brokers say motivated home buyers turn to creative financing options:
Submitted by Frank Hawkins; Hawkins-Poe Real Estate Services Brokers with Northwest Multiple Listing Service (NWMLS) are reporting a return to some creative financing methods as motivated home buyers and sellers grapple with higher mortgage rates. Despite that, and the seasonal slowdown in activity, 6,435 hopeful homebuyers succeeded in having sellers accept their offers to purchase…
Read MoreHow will this economy affect the local housing market compared to the Great Recession?
BY JENNIFER HAWKINS, TPCAR Board Director Question: What are the similarities and differences between the potential recession we’re facing and what happened in 2008 in regard to housing? I would like to start off by saying recession does not equal housing crash. In fact the 2008-2009 recession is the only recession that created a housing…
Read MoreHow is a Home Warranty Different from Homeowners Insurance?
How is a Home Warranty Different from Homeowners Insurance? Homeowners insurance and home warranties are both designed to help safeguard your home, but they each offer different types of protection. A home warranty is an excellent supplement to a homeowners insurance policy, and a homeowner should consider purchasing both. What is homeowners insurance? Homeowners insurance covers…
Read MoreGig Harbor extends its short-term rental moratorium
On September 12, 2022, the City Council extended the moratorium allowing the city to evaluate the drafted regulations for Gig Harbor against legal framework currently taking shape across the country. This action further extends a moratorium which began one year ago. The city currently does not have any code which directly applies to short-term rentals…
Read MoreSumner City Council relaxes rules on ADUs
At its August 15 meeting, Sumner City Council unanimously approved changes to the city code regarding accessory dwelling units. City code previously only allowed ADUs on lots of 12,000 square feet or more. The changes adopted lower that number to as low as 4,000 square feet if the ADU is attached to the main unit,…
Read MoreUpdate on real estate class action lawsuits
Class action attorneys will soon begin to notify members of the class in the Sitzer/Burnett class action lawsuit in Missouri. Plaintiffs in this class action lawsuit are raising questions about how broker compensation is paid. Although the judge granted class certification in the case in April, the ruling was procedural and does not reflect on…
Read MoreBailey : 2022 TPCAR Mascot
Meet Bailey! TPCAR’s Chief Barketing Officer TPCAR is proud to introduce Bailey, our new Chief Barketing Officer. Bailey comes to TPCAR with 5 years of experience in sales and advertising layout, with a focus on real estate barketing. Bailey is results-driven, especially when it comes to getting treats and belly rubs. Bailey is a lifelong…
Read MoreCall for Board Nominations
Show your commitment to the value of TPCAR membership and help to shape its future! You may nominate yourself or a committed TPCAR colleague. Nominating candidates for office is a valuable service to the association and your thoughtful participation in this process is greatly appreciated. Eligible candidates must be members in good standing of the…
Read MoreTPCAR comments on Home In Tacoma – Phase 2
The Tacoma Pierce County Association of Realtors (TPCAR) believes home ownership needs and opportunities must be at the heart of Phase 2 of Home in Tacoma. Home ownership provides countless benefits to our communities, and to the homeowner as well. While public comment is reviewed, and the next phase of Home in Tacoma is shaped,…
Read More