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Industry News
Protecting Clients in Crypto Transactions
As digital currencies like cryptocurrencies become more prevalent in certain real estate markets, agents and professionals need to be aware of their unique challenges and risks. Here are a few things to keep in mind: Nature of Cryptocurrency: Cryptocurrency operates as a digital payment that bypasses traditional banks. Transactions with it are stored in a digital blockchain ledger. Risks Involved: The main risks associated with cryptocurrency in real estate transactions include its volatile nature and the potential depreciation between the signing of the contract and the settlement. Additionally, converting crypto to cash may introduce settlement delays. Protection for Sellers: Agents working with sellers can request buyers to provide proof of cash funds or a lender letter. This ensures that buyers have the ability to complete the purchase even without relying…
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Uncategorized
2023 Convention Early Bird Registration Ends July 21st
Visit the Convention Page Don’t miss your CHANCE to take advantage of EARLY BIRD savings for the 2023 Idaho REALTORS® Convention! Early-bird registration ends July 21! The Idaho REALTORS® 2023 Convention will take place at the beautiful Sun Valley Resort on October 10-14! WHY GO? Save the date for the Idaho REALTORS® 2023 Convention, taking place at the beautiful Sun Valley Resort from October 10th-13th! This week-long event will feature a variety of educational classes, keynote address, a board of directors and membership meeting, and the inaugural celebration for the incoming 2024 IR President – Katrina Wehr. This is a must-attend event for all Idaho REALTORS® looking to stay up-to-date on the latest trends and developments in the industry, network with fellow professionals, and participate in the governance of the organization.…
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Latest News
Housing Shortages Impact REALTORS® Closing Deals
A housing shortage is causing difficulties for REALTORS® in finding suitable listings for their clients. The lack of inventory, which reached its lowest level since 1999 in 2022, is making it challenging for agents to serve their clients effectively. A recent NAR report indicates that 30% of the over 1.5 million REALTORS® in the United States are struggling to find appropriate housing options due to the limited supply. The housing market is currently experiencing high demand, with homes selling rapidly. In May, 74% of properties sold in less than a month, and the average time on the market was only 18 days. Each listing received an average of 3.3 offers during this period. The shortage of available properties is compounded by potential sellers hesitating to trade their existing low mortgage…
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