Mack's Blog

>From time to time I will post real estate terms and an explanation of the term so stay tuned:
Abstract of Title -A condensed history or summary of all transactions affecting a particular tract of land.
Access – The right to enter and leave a tract of land from public access. Can include the [...]

Rates Still Low, Nearly Flat
Mortgage interest for the past week held fairly close to the previous week’s rates, reports Freddie Mac. Average interest on 30-year fixed loans slipped a notch to 4.98 percent from 4.99 percent and was down from 5.10 percent a year ago. While still higher than the historic lower of 4.71 [...]

=-O Referral Fee to Retired Agent?
QUESTION: I am a broker and was wondering if I can pay a referral fee to a retired real estate agent for sending me a client to show property to. How can I compensate him?
ANSWER: It will depend upon whether the agent’s license was active when [...]

Four Demographic Waves to Watch
As this recession was first getting underway, former Chief Economist for NAR John Tuccillo was interviewed and asked what REALTORS should be studying to succeed in the real estate era ahead. His first answer to that question was simple: demographics. The population changes that are coming will affect everything about [...]