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The Latest on the Clear Cooperation Policy

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For the last few years the subject of what's known as the Clear Cooperation Policy (CCP) has caused quite a stir in the real estate world. In 2020 a lawsuit was filed against NAR, the author of CCP, only to be dismissed and revived a number of times. The gist of it alleges that NAR's CCP rule is anticompetitive and violates antitrust laws. With what appears to be a way to satisfy both sides--those that want to keep it and those that want it gone--NAR announced on March 25 a compromise of sorts by adding a complementary option. Here's the latest on the Clear Cooperation Policy: … [Read more...] about The Latest on the Clear Cooperation Policy

How a Strong Middle Class Creates Real Estate Wealth

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The American middle class was born roughly seventy-five years ago thanks to the GI Bill and government-backed loan programs. These programs spurred homeownership and consumer spending and culminated in the robust real estate industry we have come to expect. The opportunity for regular folks--commonly known as the "middle class"-- to own homes is a defining feature of The American Dream. It's also historically been the main driver of the real estate industry itself. As such, the careers of most real estate agents rely on the ability of the middle class to continue to buy and sell homes. Here's how a strong middle class creates real estate wealth: … [Read more...] about How a Strong Middle Class Creates Real Estate Wealth