VA updates appraisal rules, adjusts fees in some regions

The U.S. Department of Veterans Affairs (VA) has updated several home loan appraisal requirements, removing and revising certain Minimum Property Requirements (MPRs), the agency announced Thursday. The changes are now in effect and reflected in the revised VA Lenders Handbook. The agency said in a n
Read MorePortals and brokerages escalate real estate vertical integration race

The modern battlefield offers a lesson in real estate vertical integration. Look around. Rocket bought Redfin. Compass combined with Anywhere to become the country’s largest brokerage, north of 340,000 agents. Zillow is fighting over listing access. Homes.com is still buying its way to portal releva
Read MoreARA adds REMAX president Chris Lim to board

The American Real Estate Association (ARA) has added REMAX president and chief growth officer Chris Lim and investor Andrew Dodge to its board of directors, expanding its leadership, according to an announcement on Thursday. As part of the move, ARA will provide all REMAX agents in the United State
Read MoreIn land acquisition, the fastest decision wins

Every piece of land worth buying is a race. A broker hears that a landowner might sell fifty acres, and within an hour, twenty buyers know about it. Whoever gets to a confident number first, the price the seller will actually accept, wins it. Everyone else is analyzing yields and preparing bids for
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