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Category: NAR

Oregon Bans Love Letters. Is Washington next?

The Oregon legislature has just passed a bill requiring listing agents to reject “Love Letters” from prospective buyers. The new law, which doesn’t go into effect until January 2022, prohibits “any communication other than customary documents from a homebuyer, including photographs.” Often these letters contain details that disclose personal details that include protected class information. …

RPR Hits the 100 Mark!

What do Spokane, Missoula Montana, and Medford Oregon have in common? They are all part of the first 100 MLS organizations to participate in the RPR (Realtor Property Resource) national database in the Northwest. Sadly missing are the big two MLS’s that dominate the marketplace, NWMLS in Washington and RMLS in Oregon. Why, you might …

HUD Secretary Announces Monetization of Tax Credit for FHA Loans

Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, announced today that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. He made these remarks in an address this morning at The Real Estate Summit: Advancing the U.S. …