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Real estate industry

NWMLS releases year end summary for 2014

The Northwest MLS has released its annual summary for 2014.  Here is a quick excerpt: Despite tight inventory, Northwest MLS brokers complete more than 77,000 sales valued at nearly $28 billion during 2014 KIRKLAND, Wash. (Jan. 22, 2015) – Members of Northwest Multiple Listing Service reported 77,276 closed sales during 2014 to outgain the prior…

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NWMLS releases year-end results for 2013

The Northwest MLS (NWMLS – http://www.nwmls.com) released year end results for 2013 recently. The NWMLS is the local residential MLS and sales are primarily single family homes and condos. It should come as no surprise the 2013 handily beat 2012 for sales, both in number of closed transaction and dollar amount.  There were 11,000+ closed transactions (a 17% increase) valued at…

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A quick overview of common real estate agency scenarios

Agency and dual agency are incredibly challenging issues in real estate. They are, I think, very hard to explain clearly. More importantly, they are areas that can be hard for some brokers to handle ethically and legally, especially when you are talking about dual agency. This can be true for the most honest and ethical…

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Tellus Real Estate partners with Rockwell Insitute for discounted real estate classes

We are excited to announce that Tellus Real Estate Solutions has become a satellite school partner with Rockwell Institute. We now offer online real estate classes are perfect for prospective real estate brokers interested in getting their real estate license, new agents that need to renew their license, experienced agents looking to obtain their managing broker’s license,…

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Tellus Real Estate’s designated broker, Jason Hershey, approved to teach clock hour courses

People who want to teach real estate clock hour courses (classes that meet the requirements for continuing education credits for real estate agents) must be approved by the State of Washington.  The requirements for approval include attending and passing an Instructor Development course and showing that you are qualified to teach the particular subject. Jason Hershey, Designated Broker…

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October 2013 residential real estate statistics from NWMLS

box-margin-rt-5The Northwest MLS (NWMLS) has released statistics for October, 2013 last week. The short summary… the real estate market has put on the brakes. That seems clear. Now the question is “Why”? The possibilities include the effect of the government shutdown (undoubtedly part of it), typical seasonal slowdowns (starting slightly early), or below-normal inventories. I…

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NWMLS market report for May 2013

The Northwest MLS (NWMLS) released, last week, the sale and listing statistics for this past May.  As most folks know, the news is no suprise . Competition among home buyers “still fierce;” rising interest rates adding to fury NWMLS, Kirkland, WA, June 5, 2013 – Well-priced homes continue to draw multiple offers and sell at a brisk pace…

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NWMLS market report for March 2013

The Northwest MLS (NWMLS) just released (late last week) sale and listing statistics for this past March. The news release definitely matches what is happening for my clients.  Here is an excerpt from the news release… Prices “spiking” as home buyers compete for scarce inventory KIRKLAND, Wash. (April 4, 2013)… Northwest MLS figures show year-over-year prices…

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