Posts made by author 'Frank Malone, Managing Broker - Gulf Shores'
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3
Want a Penny?
After showing his two sons two purses, one with $1million in cash and the other with a penny, the father told them, "I offer the same choice to you both. This million dollars; or this single penny. Whichever you choose, you must leave it in your purse under my butler's care for one full month to give you time to think about how you will use it . . . One more thing . . . if you choose the million, you may, if you wish, draw against it as credit with my bank in town. If you choose the penny, you can also draw against it (the million), but every day you choose to leave the penny's line of credit untouched, my butler has instructions to double the contents of your purse, for as long as it is under his care."
You probably know where this story is going. One boy used the million...
17
Who Wants Some Good News?
Surely many of you have heard of Lawrence Yun who has been the Chief Economist for NAR since September 2008. Whenever I see some predictions or opinion articles by him, I make sure I read them. He was a cool head back in the Great Recession providing Realtors with the facts and figures of the housing market without the doom, gloom and emotion.
In this recent news article from FloridaRealtors.org, they summarized the Lawrence Yun lectures at the 2024 Realtors Legislative Meetings. The title of the article is
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Dial-up, MLS Books and Picking up Keys - Now AI
It doesn't feel like I've been in real estate a long time, but I guess 27 years is a while. I do remember when the beach area did not have an MLS, and we would load The Real Estate Connection floppy disk into our only computer for our monthly update. The data was the same all month until the new book came out. If you didn't advertise in the book, your listings were not in the database. My dad remembers before computers when agents would drive to all the real estate offices and hand flyers to all the receptionists. Then, we joined the MLS and had monthly books delivered with black and white photos. Then, we got to use a dial-up connection to load our data through a DOS program in a daily dump. Also, before lockboxes, agents would schedule showings with the various office receptionists who were the keeper of the keys. Before showing property, you had to drive to...
31
Stay Informed
This week in the Gulf Shores sales meeting, we had an impromptu discussion about the flurry of lawsuits affecting the real estate industry. There is still confusion about how these lawsuits will affect our industry, so NAR is compiling some articles, videos, PR, and making various statements about this subject.
Below I have included several links to videos, articles, and positioning statements made by NAR. You may have seen Wednesday morning that NAR sent the members an email with the subject line, "Telling the REALTOR® Value Story." NAR has begun a PR campaign on various recent topics, importantly highlighting and demonstrating the value a REALTOR® provides to the consumer.
In the video below, a consumer that recently purchased a home shares his opinion of a change in commission structure:
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The Answer is Still LISTINGS!
As we barrel through to the end of the year, we all have a lot of questions about how our real estate business will fare in 2024. We've been through a lot since 2020, mostly all good in the real estate world. As we clip along with higher interest rates and concern about the economy, all I have for a 2024 prediction is a gut feel. But I am encouraged by articles as follows:
Recession Coming? Soft Landing? - CLICK HERE TO READ
We have heard a wide range of predictions and nothing is certain. What we do know is that there has been a considerable slow down in our nu...
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