House committee approves severance tax legislation
House Bill 1489 (George, D-Clearfield) limits the tax to high-producing wells and would not apply to wells producing 60,000 standard cubic feet a day or less. The severance tax is expected to generate roughly $600 million annually for state coffers by 2013-14.
Read More Mortgage fraud prevention measures head to governor’s desk
Two bills that would help protect consumers from mortgage fraud have passed the Senate and House and will head to the governor’s desk for his signature.
Read More Construction tax abatement legislation passes committee
The Senate Finance Committee has passed legislation to amend the New Home Construction Local Tax Abatement Act (Act 202) to provide property owners six months from the date of occupancy to submit an application for the exemption.
Read More PA REALTORS® laud Gov. Rendell and PHFA for creating initiative to benefit homebuyers
According to Governor Ed Rendell, nearly 1,000 families will receive thousands of dollars to help make down payments on new homes, more than 5,000 families across Pennsylvania will find affordable housing and jobs will be created for some 3,000 workers.
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A short sales rules yo-yo
At the NAR Mid-Year meetings, a proposal was made that would allow MLSs to stick to the traditional rule of a uniform offer of cooperating compensation and not allow listing brokers make the compensation contingent upon their eventual listing fee. An MLS that wishes to allow brokers to include this provision may still do so, but others will not be required to do so.
Read More The shifting sands of risk of loss
What happens if the property your Buyer contracted to buy is destroyed? Are you sure they are protected?
Read More Increase your 'Whuffie Factor'
The key to whuffie success is to “pay it forward.” Just like in the movie, do something good for someone else without expecting something in return.
Read More Increase your ‘Whuffie Factor’
The key to whuffie success is to “pay it forward.” Just like in the movie, do something good for someone else without expecting something in return.
Read More Seller disclosure obligations
Are the broker and salesperson responsible for a Seller’s failure to disclose a property’s known material defects, and if so, what are the ramifications to the broker and salesperson?
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