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Reffkin trades in Compass stock for $7M cash bonus

Housing Wire

According to a document filed last week with the Securities and Exchange Commission , Reffkin is relinquishing $25 million in performance-based restricted stock unit awards in exchange for a $7 million cash bonus. For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legal fees, according to the SEC filing.

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Former Homesnap employees stole trade secrets over online marketplace tech, CoStar alleges

Housing Wire

Online real estate market provider CoStar Group has sued former Homesnap founder Guy Wolcott and three others for allegedly stealing trade secrets related to its online information platform feeding its various marketplace products, including Homes.com and Apartments.com , according to court documents obtained by HousingWire.

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ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Diane Tomb, ALTA CEO Contributor. In fact, Iowa’s total closing costs were higher than 12 other states in 2021.

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Title insurers reckon with attorney opinion letters

Housing Wire

Now, thanks to United Wholesale Mortgage (UWM) CEO Mat Ishbia’s recent announcement that his company is hiring attorneys to review title and closing documents, AOLs and the risks associated with them, have been a hot topic at this year’s ALTA One conference.

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Streamlining subsidies to build more affordable housing

Housing Wire

To help the lowest-income families, who increasingly can’t find affordable housing in today’s market, federal, state, and local governments devote considerable resources to subsidize the development of affordable housing with below market rents. Massachusetts has also created universal closing documents.

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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

To qualify for the incentive, your mortgage must be greater than 80% of the value of the property subject to a real estate loan premium. These can include: Additional legal fees- Since you will be closing on two mortgages, your fees may increase. Need some pointers? To order an appraisal, call us at (250) 413-7319.

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How to Avoid Capital Gains Tax on a Home Sale

Will Springer Realtor

If you or someone you know are in that situation or anticipating it, there are many strategies to help lower capital gains tax on real estate. Today, because of inflation, a $250,000 or $500,000 gains of much more than $250,000 or $500,000 are not uncommon, so many people go over, especially in higher-priced markets.”