Tom Talks Episode 105:
Welcome to this week's episode of Tom Talks! We discuss many interesting topics including Arlington's new approach to paying tickets, October's market update, a big mistake made by a sales rep, Fannie Mae's decreased down payment for home buyers, and a lawsuit against NAR!
Arlington has introduced an innovative approach to ticket payments! Instead of traditional fines for misdemeanors, discover how you can opt for a GED course as a unique and educational alternative. This initiative stems from a recognition of the powerful link between crime rates and lower education levels.
Switching gears to our podcast's October real estate update! Brace yourself for insights into the unprecedented scarcity of inventory, marking the lowest number of closings in the past decade in the DFW area.
Prepare for a gripping tale of a sales rep who committed to making a home ADA-compliant, only for the final result to fall short of expectations!
In a groundbreaking development for the real estate community, the down payment requirement for a fourplex has plummeted to just 5%, a significant drop from the previous 15-20%. Tune in for the inside scoop on this game-changing news.
And finally, don't miss out on the billion-dollar lawsuit shaking up the National Association of Realtors (NAR). We delve into the riveting details of a three-hour deliberation that led to a decisive verdict!
Time Codes:
(00:00) Intro
(01:45) There is a better way
(06:50) The big squeeze in real estate | October 2023 Market Update
(13:00) Sales reps are not your friend
(19:49) Big news for Fannie fans | Fannie Mae Benefits
(24:12) The gig is up
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