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Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale

Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 75-year-old widow in Florida who was forced to cancel the sale contract for her home after she broke her leg and was unable to move faced a demand from her real estate broker for the $23,000 sales commission on the terminated deal. According to a report by WFTS ABC...
Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Fraud and forgery claims represent 21% of the total dollars spent by title insurers on claims expense and losses, with an average claim cost of over $143,000, according to data released by the American Land Title Association (ALTA). A new independent analysis...
Majority of Relocation Activity Points to Southeast

Majority of Relocation Activity Points to Southeast

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Outbound migration is pointing to the Southeast, according to the fourth annual Moving Trends Report published by PODS Enterprises LLC. For the second consecutive year, Myrtle Beach, South Carolina, and Wilmington, North Carolina, tied for the top spots on the list of...
Iowa Realtors to Offer Financial Assistance to Residents Impacted by Tornadoes

Iowa Realtors to Offer Financial Assistance to Residents Impacted by Tornadoes

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Iowa Association of Realtors (IAR), in partnership with the Realtors Relief Foundation (RRF), is offering financial assistance to displaced individuals who were severely impacted in last month’s tornadoes. On April 26, more than 300 residences and buildings were...
Mortgage Advisory Firms Stratmor Group and Teraverde Announce Merger

Mortgage Advisory Firms Stratmor Group and Teraverde Announce Merger

by Phil Hall | May 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The mortgage advisory firms Stratmor Group and Teraverde have announced a merger. According to the companies, both firms will operate under the Stratmor brand and will combine their respective programs, technology, and subject-matter expertise. “The mortgage industry...
Donald R. Horton, Founder and Chairman of Homebuilder D.R. Horton, Dies at 74

Donald R. Horton, Founder and Chairman of Homebuilder D.R. Horton, Dies at 74

by Phil Hall | May 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Donald R. Horton, founder and chairman of the board of directors at the Arlington, Texas-headquartered homebuilder D.R. Horton Inc. (NYSE:DHI), passed away the age of 74. Horton served as the company’s chairman since it was formed in July 1991, and he held the roles...
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