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Today's Industry News Wednesday, December 03, 2008

Research fresh real estate market news hourly. Today's top stories for the real estate industry and real estate web sites. Find practical news exclusive to your state, specifically targeted for market savy individuals such as agents and brokers who need the latest market reports and news releases.

Real Estate Agents in the News
A former Tucson real estate agent pleaded guilty this week to fraud and forgery charges, admitting that he forged a client's name to push through a sale that netted him a commission of more than $100,000.
Some call it "vendor conditioning" and label it controversial. Others consider it merely a legitimate and necessary part of the real estate agent's job.
Washington, DC (BlackNews.com) - In 2006, Shauna Anderson purchased a home in NE Washington DC from licensed real estate agent and restaurant owner Jackie Greenbaum-Higgins (Jackie's and the Quarry Tavern) and her brother, Richard Greenbaum.
A man who admitted to posing as a home buyer and raping a real estate agent inside a condo draws sharp words from a judge before learning his sentence. Get details.

Real Estate Brokers in the News
Mexico-based real estate development company Mexico Alive® presents the first ever Broker University® in Puerto Vallarta on January 15-17. The three day event will teach real estate brokers living outside of Mexico how to sell Mexico Alive real estate and earn commissions.
Ian Marshall, a top-ranked, award-winning Atlanta broker, today launched Ian Marshall Realty, a forward thinking, progressive Atlanta real estate firm that offers a full range of fee options to best meet consumer needs.
Do you feel burdened with an empty storefront? Are you convinced you’re the only landlord saddled with too much debt? Do you feel terrified that the bottom of this infernal market will never come? Are you anxious? Depressed? Lonely? Call your broker. The plunging market has turned commercial real estate brokers—those hard-nosed, pinstriped wheeler-dealers who play by few rules but their ...
Mexico-based real estate development company Mexico Alive® presents the first ever Broker University® in Puerto Vallarta on January 15-17. The three day event will teach real estate brokers living outside of Mexico how to sell Mexico Alive real estate and earn commissions.

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Terms of the Day

Guaranty
A pledge made by one person (the guarantor) to ensure that another person (the obligor) will fulfill an obligation to a third party (the obligee).

Closing
The point at which real estate formally changes ownership. Closing costs are fees paid for services associated with a home's closing such as title insurance, surveying fees, recording fees, deeds, and affidavits.

Condemnation
The taking of private property for public use by a government unit, against the will of the owner, but with payment of just compensation under the government's power of eminent domain. Condemnation may also be a determination by a governmental agency that a particular building is unsafe or unfit for use.