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Today's Industry News Monday, January 05, 2009

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
In March 2006, Pinellas County real estate agent Julie Roberts was pistol-whipped and robbed by a man posing as a perspective home buyer. Now her story is scheduled to air on the Biography Channel's "I Survived" program.
A former Sonoma County real estate agent convicted two years ago of stealing prescription medications from a home she was supposed to be showing is in trouble again, this time in both Sonoma and Marin counties.
There is no denying that 2008 was an extremely tough year for commercial real estate agents and that 2009 is shaping up to be even tougher.
The bubble is finally set to burst. After months of buildup, jury selection for the federal trial of a Fort Myers real estate agent charged with fraud is slated to begin Monday. The case of Samir Cabrera is set in the excesses of an overheated development market in Lee County, just as the bubble of speculation began to deflate.

Real Estate Brokers in the News
HOUSTON, Jan. 5 (UPI) -- A man desperate to sell a luxury home in Houston in the current down U.S. real estate market is offering to throw in a Lexus to make a sale, a broker says.
BUFFALO — Buffalo-based Hunt Real Estate Corporation will be merging with Prudential First Properties and taking over operations of both businesses. Hunt Real Estate operates two residential real estate brokerage offices in Syracuse with 85 agents affiliated with the firm.
Ian Marshall, a top-ranked, award-winning Atlanta Broker, is excited to announce that at 12:35 pm on December 28th , his web site registered its 1 millionth unique visitor, a milestone that few other Atlanta real estate sites will ever reach. The 1 millionth visitor to the site was located in Springfield, Massachusetts and entered the ianmarshall.com site via the optional daily house / condo ...
A jury was seated and both the prosecution and defense have completed their opening statements in the trial of real estate broker Samir Cabrera.

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Terms of the Day

Real Estate Broker
A middle man or agent who buys and sells real estate for a company, firm, or individual on a commission basis. The broker does not have title to the property, but generally represents the owner.

CRS (Certified Residential Specialist)
A professional designation awarded to experienced agents who complete an advanced course of study in residential real estate and demonstrate proficiency in sales and production. CRS Designees are members of the Residential Sales Council, a not-for-profit affiliate of the NATIONAL ASSOCIATION OF REALTORS®.