Creekview Realty
Creekview Realty
Redefining The Real Estate Business
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Articles

Tax relief granted for forgiven debt, private mortgage insurance

Bush administration allows three-year window
Friday, December 21, 2007

By Matt Carter – Inman News

President Bush signed into law Thursday a bill creating a temporary tax break for homeowners who are able to persuade lenders to forgive part of their debt, and extends a tax deduction for some families with private mortgage insurance.

For the next three years, the IRS won’t count as…

All About Credit Reports

Your credit report is the single most important ingredient that will determine your mortgage rate, down payment required, and what documentation you will need to get your mortgage loan. Someone with a high enough credit score can buy a house with nothing down and not even have to prove they have an income!

You are most likely already familiar with the…

How commissions are divided between brokers and agents

First, it must be stated that commissions are by law completely negotiable. However, the “traditional” real estate community is still trying to hold on to the 6% commission structure–in some cases even move it up to 7. For illustrative purposes, we will assume a 6% commission because it is still the most prevalent.

There are agents and there are brokers–each must…

Cut-rate realty: Commissions pressured beyond discounting

Savvy buyers, sellers tap new business models for more savings
By Susan Romero
Inman News Features

The competition for listings between so-called “traditional” realty brokerages and commission discounters kicks up a lot of dust, but when the air clears it’s apparent that cut-rate brokerages aren’t the only force putting downward pressure on realty commissions as a percentage of the home sales price.

Fee-for-service brokerages, Internet-savvy…

Lots of Consumers Look to Web for Home Buying and Rentals

RISMEDIA
More than 12 million surfers or nearly 10% of the online active population accessed real estate and rental sites to facilitate the home buying and apartment renting process in March 2003, Nielsen//NetRatings reports.

Real estate and rental sites have become a useful tool for millions of Americans, enabling surfers to research homes, find a real estate agent, and utilize financial tools…

Real estate fees inflated by $30 billion

Article criticizes industry’s commission structure
By Glenn Roberts Jr.
Inman News

The commission structure in the real estate industry is “an anomaly” that may inflate compensation for services rendered by tens of billions of dollars each year, according to an article published by the AEI-Brookings Joint Center for Regulatory Studies, which offers analysis and recommendations on regulatory programs.

The draft paper, “A Critical Assessment…

‘Freaky’ side of real estate economics

Flat-fee brokers may put pressure on traditional commissions
By Glenn Roberts Jr.
Inman News

SAN FRANCISCO — Traditional pricing for real estate services is bound to crumble, and flat-fee brokers will likely deliver the deathblow — at least according to Steven D. Levitt, co-author of “Freakonomics,” a book that takes an unconventional approach to economics.

Levitt, who spoke to attendees Thursday at the PCBC…

Antitrust attack hits real estate at many levels

Justice Dept. comes down full force on the real estate industry

Monday, September 12, 2005

By Jessica Swesey
Inman News

The Justice Department’s lawsuit against the National Association of real estate agents filed Thursday is the latest in an antitrust attack that’s taking place at multiple levels. The basic fundamentals of the industry are being questioned for alleged anti-competitive practices.

The Justice Department’s concerns started with…

Realtors® can’t turn back the clock

Perspective: Let consumers make real estate choices
By Rick O’Neil, president of Help-U-Sell Real Estate.

The Wall Street Journal printed a strong editorial, “The Realtor Racket,” on Aug. 12, 2005. It touched on a key issue in the battle to preserve traditional real estate commissions – the welfare of consumers. And the question arises: ‘Does innovation hurt the educated consumer?’

Innovation frequently spawns…