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  • Condo Q&A: Is It Legal for HOAs to Have 50/50 Raffles? October 28, 2021
    Also: A condo owner lives in a 125-unit community, and was told they need a website and must post certain official records. Must they? And: An independent contractor/handyman doesn’t legally need workman’s comp insurance. Is it okay to use him?
  • Condo Q&A: Lots of Questions About Committee Hearings October 28, 2021
    Also: The board passed a motion to do something and the meeting adjourned. Now a board member wants to cancel. How can this be done?  
  • NAR: Sept. Pending Home Sales Drop 2.3% October 28, 2021
    Chief Economist Yun: The overall market is still running comfortably ahead of pre-pandemic levels, and the drop is a sign of a “calmer home price trend.” However, there will continue to be less inventory through the end of the year – a normal fall drop following the summer months.
  • Mortgage Rates Continue Heading North, Hit 3.14% October 28, 2021
    After floating in a just-below 3% range for months, mortgage rates headed higher for the past two weeks. The likely reason: Increased optimism and a drop in COVID cases.
  • Builders Seeking Alternative Materials for Faster Construction October 28, 2021
    Different supplies cost more but are cheaper than delayed closings, builders rationalize. They’re asking, “What else can I use?” for things like plywood and insulation.
  • 3D Homes Going Mainstream: Lennar Building in Texas October 28, 2021
    In Austin, Lennar teamed up with ICON to build the largest community of 3D homes to date. The builder says the method will help it avoid current supply chain shortages.
  • Technology Delays Hurting Offices and Other Businesses October 28, 2021
    Time to update tech equipment? Good luck finding it at a reasonable cost. It’s taking up to 120 days to deliver some types of commercial computers.
  • Think Only Felonies Are Reported to the Division of Real Estate? October 28, 2021
    Chapter 475 oversees real estate licensees, but Fla. licensees also have other obligations under Chapter 455. It’s a growing problem for licensees called before FREC, because “I didn’t know I had to report that” doesn’t carry much weight.
  • Duty to Cooperate: Do They Have to Call Me Back? October 28, 2021
    A listing agent told a buyer’s agent that they’d call back to follow up. But they didn’t. Is there a cooperation requirement that says an agent should always return calls and texts?
  • Be on the Lookout for Fake Sellers October 28, 2021
    Scam alert: The pandemic led to an increase in online transactions, giving scammers a new window of opportunity: They’re contacting members as sellers who want to list their “home” – but it’s for a property they don’t actually own.
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