Who sets coming soon listing rules, NAR points to local MLSs

The National Association of Realtors said it does not set a national policy for “coming soon” listing statuses and leaves those decisions to local multiple listing services. “NAR respects the rights of individual brokers to make their own business decisions and does not comment on specific brokerage practices or business models,” the trade group said […]

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New eXp division bridges homebuilder-brokerage service gap

eXp Realty has announced the launch of eXp New Homes, a specialized division designed to help agents expand into the new construction market — from boutique urban developments to large master-planned communities. The division aims to bridge the gap between traditional brokerage services and the specialized needs of developers. By providing education, tools and resources

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USDA rural housing loan changes could limit California buyers

Housing advocates warn that recent changes to a federal rural lending program could sharply limit homeownership opportunities for low-income families in California communities. The California Coalition for Rural Housing said revisions made Feb. 10 to the U.S. Department of Agriculture (USDA)’s Section 502 Direct Loan program reduce the maximum loan amount allowed under the program

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