Weekly Real Estate News Quiz: Think You're Up On The Biggest Headlines?
In a major new effort to increase diversity among its ranks, Coldwell Banker announced Tuesday that it will waive franchise fees and give other financial support to would-be franchise owners who self-identify as minorities.
The new offering — dubbed the Coldwell Banker Diversity in Ownership Program — is available now to any real estate professionals who identify as racial or ethnic minorities, as well as women, military veterans and agents who identify as LGBT. Members of those groups can apply for the program and, once accepted, will be able to start a Coldwell Banker franchise without paying the normal $25,000 franchise fee.
Hourly rate rentals.
A special request made by a close friend got Grasmick’s wheels turning about starting a new business, a “hot-sheet hotel” she’d name the Mile High Club Chalet.
“I also had a friend who would ask to use it either overnight or for a few hours,” she said, hinting at the friend’s need for a place to carry out his extra-marital adventures.
iFinance.
Real estate CRM Realvolve and multifaceted proptech firm Firepoint have merged. News of the merger, in the works since April, 2019, was shared exclusively with Inman.
The company is working with a consulting firm to arrive at a new name. Customers can expect to still hear from each respective company until branding is finalized.
Read the story here.
While marijuana is going mainstream, legislators across the country are cracking down on cigarettes by implementing smoking bans in workspaces and other public places. However, these bans are now being implemented in multi-family housing developments, placing renters who smoke at risk of being evicted.
The Washington Post on Monday shared the story of Taja Robinson, a mother of two and grandmother of one, who received a 30-day eviction notice for allegedly breaking her apartment complex’s rules that ban smoking in units and common areas.
Redfin CEO Glenn Kelman said Wednesday afternoon that the problem of extremely low housing inventory has spread to numerous markets in the U.S., and is setting up the coming months to be a period of intense competition among buyers.
“This is why Redfin has braced for the most intense season of bidding wars since at least the first half of 2018,” Kelman said.
Known for his extravagantly over-the-top Los Angeles mansions, film-producer-turned-developer Nile Niami has just sealed a deal for his 20,500-square-foot Opus mansion in Beverly Hills.
According to the Los Angeles Times, Niami, who produced Resurrection, The Patriot and Galaxis among other movies, found the buyer for the property on his own. Together with the custom Italian furniture and cars inside, the Opus sold for just over $50 million.
Corcoran announced Wednesday it is launching a new Central Florida franchisee, Corcoran Premier Realty. The company’s second franchisee — after Corcoran Global Living — is a result of Premier Realty Partners, a 20-agent, two-office indie brokerage, affiliating with the company.
On the company-owned side, Corcoran already has a major presence in Palm Beach and Miami Beach, Florida, but this is the company’s first affiliated offices off the coasts.
The residents of Lake Wylie, South Carolina, know what growing pains feel like. The town’s population has tripled since 2000, largely because of the area’s good schools, low taxes, and close proximity to Charlotte, North Carolina, where there’s a strong financial and tech job market.
But word about the good living in Lake Wylie seems to have gotten out too quickly, because the town’s infrastructure is now cracking under the pressure.
So much so, that the York County Council recently put a 16-month moratorium on commercial and residential rezoning requests, as well as consideration of any new apartment complexes or subdivisions in the town of 12,000 people.
The Tanner family home is not proving to be an easy sale.
After nearly a year on the market, the San Francisco Victorian home used to taped the iconic family sitcom "Full House" has been cut down by $500,000. Originally listed for $5.999 million, it is now up for sale for $5.499 million.