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…
Real Estate Professionals Classification as Independent Contractors
Real Estate Professionals Classification as Independent Contractors Of the 1.4 million members of the National Association of REALTORS® (NAR), approximately 87 percent are classified as independent contractors. This classification is essential to the real estate industry, homeowners across the country, and to boosting the economy. The ability to work as an independent contractor is recognized…
Read MoreCDC Eviction Moratorium Vacated and Stayed
CDC Eviction Moratorium Vacated and Stayed On May 5, 2021, the U.S. District Court for the District of Columbia struck down the Center for Disease Control’s (CDC’s) nationwide eviction moratorium set to expire at the end of June, concluding the moratorium exceeds the limits Congress placed on the CDC’s authority. In response, the Department of…
Read More10 Dos and Don’ts for New Homebuyers with Septic Systems
10 Dos and Don’ts for New Homebuyers with Septic Systems Inspect your system annually. Routine maintenance allows you to catch issues before they become emergencies. Pump your tank every 3-5 years or as frequent as your service provider suggests, based on technology and system usage. Spread out your laundry loads over the course of the…
Read MoreChanges to Insurance Regulations May Delay Closings
Changes to Insurance Regulations May Delay Closings At Cross Insurance Agency we believe in “Insurance with no surprises.” With that in mind, we felt it was essential to reach out to our partners and friends in the Mortgage and Real Estate industry with an update on some recent changes in the insurance marketplace in Washington state that may impact you and your clients in securing home and auto coverage…
Read MoreYun: Consumer Spending Likely to Spur Economy
Yun: Consumer Spending Likely to Spur Economy The economy is at 99% of its pre-pandemic activity, and growth in Americans’ income and savings could propel housing in the second half of the year, Lawrence Yun, chief economist for the National Association of REALTORS®, said Thursday at the Residential Economic Issues and Trends Forum during the…
Read MoreNEW MASK GUIDANCE FOR REAL ESTATE BROKERS, COUNTY PHASE UPDATE, STATE REOPENING DATE ANNOUNCED
NEW MASK GUIDANCE FOR REAL ESTATE BROKERS, COUNTY PHASE UPDATE, STATE REOPENING DATE ANNOUNCED On May 13th, Governor Inslee announced that Washington will adopt new masking guidance as issued by the Centers for Disease Control and Prevention (“CDC”). This guidance allows fully vaccinated people to no longer wear a face covering with certain limitations. The…
Read MoreCourt Strikes Down Eviction Ban
Court Strikes Down Eviction Ban U.S. District Court Judge Dabney L. Friedrich of the District of Columbia struck down a nationwide eviction moratorium Wednesday, calling it unlawful. Friedrich’s ruling applies nationwide. The eviction ban was put in place last year by the Trump administration using public health powers granted to the Centers for Disease Control…
Read MoreState legislature passes new fair housing education requirements for real estate brokers
State legislature passes new fair housing education requirements for real estate brokers On April 26, the Washington State Legislature passed SB 5378 which expands training requirements for fair housing clock hours for real estate brokers and managing brokers. The bill is on the Governor’s desk and his signature is expected. The law would take effect June 1,…
Read MoreNew Staff Join TPCAR
New Staff Join TPCAR Sean Martin Sean brings 16 years of experience in the housing industry, including having previously served as Government Affairs Director and Executive Director at the 5,000 member Rental Housing Association of Washington. In his time with RHAWA he oversaw radical transformation of membership benefits and association technology, as well as the…
Read More2020 REALTOR® Awards
Tacoma-Pierce County Association of REALTORS®, the voice of realtors for over 100 years, announced the recipients of the 2020 REALTOR® Awards. The REALTOR® awards recognize outstanding achievement and service by member REALTORs® and affiliates. Recognized for his exemplary service and contributions to the Association of REALTORS® during his career, James Fisher is no stranger to…
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