Industry News 9-25-21 – Aug. FL Market Update, Housing Inventory, FMERR for Homeowner, FR/BAR Update. In this week’s news updates we highlight some of the following latest news: August Monthly Market Details for the state of Florida. NEFAR: August’s slight increase in housing inventory not enough to satisfy buyer demand. HOME AFFORDABLE REFINANCE PROGRAM (HARP). What is Freddie Mac Enhanced Relief Refinance (FMERR)? Florida Realtors Updates FR/Bar Contracts and Riders. Common Mistakes for New Real Estate Agents. From legal advice, to hard money loans, binder deposits and even an on-time escrow closing. Poor time management and other mistakes can be avoided.
While all real estate agents learn at the beginning that giving legal and financial advice is a big no, no in our industry, it is also good to note that some conversations could be misconstrued as financial or legal advice. When in doubt, the key is to always recommend a homeowner or a buyer to consider adopting legal advice from a professional in their respective fields. Like a real estate attorney for example or a certified accountant.