PRELIMINARY APPROVAL OF SETTLEMENT AGREEMENT GRANTED
This past weekend, the Plaintiffs’ counsel in the Sitzer v. Burnett class action lawsuit filed a Motion for Preliminary Approval of the proposed NAR settlement agreement with the federal court in the Western District of Missouri. Today, Judge Bough granted that motion which means that, as of today, the settlement agreement is preliminarily approved. Settlement…
Buyer Financing and Commission Financing After the Settlement
The below information was shared by NAR in The Hub. We strongly encourage all members to create your Hub account to track updates and information provided by NAR. The recently announced settlement raised several questions regarding access to mortgages and the ability to finance agent commissions. In short, under the settlement, buyers still have the same…
Update Regarding NAR Proposed Settlement in Class-Action Lawsuit
Following up on NAR’s March 15 announcement of a proposed settlement to end the Sitzer/Burnett class-action lawsuit, Washington REALTORS® has released a video update breaking down the three aspects of the proposed settlement and what their impacts are likely to be for real estate practitioners in Washington State. At a fundamental level, the proposed rules…
In the Mood for a Little Spring Cleaning?
In the mood for a little spring cleaning? Whether you hire a house cleaning service or you prefer DIY, you know why a good “Spring Cleaning” is so important. Spring is when we come out from the dark shroud of winter into the light and enjoy the blossoming trees and flowers. Spring is the season…
Battling the Downpour: How Western Washington’s Rainy Season Impacts Homes and the Importance of a Home Inspection
Written by Herb Daniels Battling the Downpour: How Western Washington’s Rainy Season Impacts Homes and the Importance of a Home Inspection As the lush green landscape of Western Washington transforms into a canvas painted in myriad shades of gray, residents brace themselves for the onslaught of the rainy season. While the rain brings its own…
Unlocking the Power of Pre-Inspections
Unlocking the Power of Pre-Inspections: A Strategic Approach for Sellers By: Jon Teabo, President of A-Pro Home Inspection Services In the ever-evolving landscape of real estate, sellers are constantly seeking innovative ways to stand out in a competitive market. While the legal requirement to disclose property conditions is well established, savvy sellers are increasingly turning…
What Comes Next After Verdict in Burnett v. NAR?
What comes next after verdict in burnett v. nar? After an 11-day trial in the case of Burnett v. NAR et al, and only 2.5 hours of deliberation, the eight-person jury found the National Association of REALTORS® and other corporate defendants liable in the case with a recommendation that the defendants must pay $1.78 billion…
Navigating the Home Inspection
Navigating the Home Inspection Process By: Jon Teabo, President of A-Pro Home Inspection Services The journey of buying or selling a home is an intricate dance, and one crucial partner in this endeavor is the home inspector. As REALTORS, you play an essential role in helping your clients prepare for a home inspection and facilitating…
Tacoma Measure 1 Will Hurt Providers, Renters
Tacoma Measure 1 will hurt providers, renters regina madiera-gorden, realtor Like many of Tacoma’s housing providers, my husband and I are small-scale providers of rental units in the City of Tacoma. Our margins exist in the hundreds of dollars, not millions. Our existence as housing providers in the City, as well as our renters’ home,…
Tacoma Measure 1’s Impacts to Housing Market
tacoma measure 1 will hurt renters, providers Tacoma Measure 1 Will Hurt Small Housing Providers, Renters Tacoma Measure 1 presents an existential threat to rental housing providers in the City of Tacoma as it poses risks which will be too costly to bear for many, particularly small housing providers. Small “mom and pop” providers are…
October Advocacy update
In alignment with our mission to keep members informed on key planning and policy changes, TPCAR shares recent developments impacting Pierce County’s rural density planning and Tacoma’s business resilience efforts. These updates highlight important shifts in growth management strategies, with implications for land use and local business support. Home In Tacoma Update: Phase 2 of…
Read MoreCOT Business License Update – Oct 2024
TPCAR continues to meet with the City of Tacoma’s Licensing Department to ensure current information is available for REALTOR® members who sell real estate in the city. Current updates on license requirements and how B&O taxes are apportioned between the brokerage and agent are shared in this update. We continue to work on the concerns…
Read MoreWhy Local Elections Matter More to REALTORS® Than You Think: Make Your Voice Heard!
The Importance of Voting in Local Elections for REALTORS® As a REALTOR®, you’re likely well aware of how government policies directly impact the housing market, property rights, and the real estate profession. While the Presidential election captures the most attention in 2024, our local elections can have a far more immediate and lasting effect on…
Read MoreTacoma-Pierce County Association of REALTORS® – September 2024 Advocacy Update
TPCAR’s Advocacy team continues to make strides on several issues for our members, as well as track other items which may be of interest to the members and our industry. Below is a report on the past month of advocacy activities and other upcoming items we will be working on in the Fall. Home in…
Read MoreTrack Office Agent Rosters in 3 Simple Steps For all TPCAR Designated Brokers, Managing Brokers, and / or Office Staff assigned primary user access, you’re able to verify that your current Office Agent roster is accurate and complete in these three easy steps. Log on to your TPCAR InfoHub account by going to www.tpcar.org and…
Read MoreTacoma-Pierce County Health Department Pauses Septic Stress Testing Requirement
After several conversations and additional feedback provided by Tacoma-Pierce County Association of REALTORS, the Tacoma-Pierce County Health Department has made the decision to pause implementation of the septic stress test requirements which were originally effective as of July 15, 2024. This means that, for the time being, a stress test will not be required when…
Read MoreNew septic system stress testing requirements begin July 15
RSS Repair, Replacement, and Testing Guide Starting July 15, the Tacoma-Pierce County Health Department will require stress tests of drainfields for property sales inspections of gravity and pump to gravity systems. This document outlines the requirements and policies for repairing or replacing septic tanks, including details with regards to testing procedures, repairs, and replacements of…
Read MoreRSS Repair, Replacement, and Testing Guide
Starting in July, the Tacoma-Pierce County Health Department will require stress tests of drainfields for property sales inspections of gravity and pump to gravity systems. This document outlines the requirements and policies for repairing or replacing septic tanks, including details with regards to testing procedures, repairs, and replacements of defective tanks. Requirements for Repairing Septic…
Read MoreNAR advocacy nets win for VA buyers
The Department of Veterans Affairs plans to temporarily lift its ban on buyers directly paying for professional real estate representation until the agency deems it necessary to engage in a formal rulemaking process, a VA official said Tuesday at a Mortgage Bankers Association conference in New York. Although not an official announcement, the comments from…
Read MoreTPCAR advocacy nets positive response from Pierce County Council
TPCAR member response to Call to Action regarding short-term rentals and rural zoning nets success At yesterday’s Pierce County Council meeting, Resolution R2024-158s, drafted to include provisions which would have restricted short-term rentals (STR) and removed bonus density provisions for rural lands within the urban growth area (UGA), was amended after successful lobbying by TPCAR.…
Read More