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real estate News Archive 05-Sep-2008
Florida Real Estate Bottom Signaled by Sale of Distressed Condo (Bloomberg.com)Sept. 4 (Bloomberg) -- Sales of distressed Miami properties have begun, signaling a bottom for south Florida's real estate market and the end of waiting for vulture funds armed with about $30 billion to spend.
Real Estate Agents Bill passed (TVNZ)The Real Estate Institute will be stripped of its powers over the country's 18,000 agents and a new, independent authority will be set up under legislation passed by parliament.
Hypo Real Estate Sells Collineo to Sal. Oppenheim (Update1) (Bloomberg.com)Sept. 4 (Bloomberg) -- Hypo Real Estate Holding AG , Germany's second-biggest commercial-property lender, agreed to sell Collineo Asset Management, which manages investments in mortgage-backed debt, to private bank Sal. Oppenheim Jr. & Cie.
New body for real estate agents (Newstalk ZB via Yahoo!Xtra News)Real estate agents are no longer required to be members of the Real Estate Institute but will be subject to the scrutiny of independent bodies.
Radical real estate reforms include $100,000 compo for agent rip-offs (The New Zealand Herald)Sweeping new real estate reforms were passed by Parliament last night, bringing in a consumer-friendly era for house buyers and sellers. Associate Justice Minister Clayton Cosgrove pushed through tough changes to the system and the House voted 65-53 in favour of the new Real Estate Agents Act.
Real estate agents bill passed by Parliament (NZPA via Yahoo!Xtra News)The Real Estate Institute will be stripped of its powers over the country's 18,000 agents and a new, independent authority will be set up under legislation passed by Parliament last night.
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