Department of Justice Indicts
Three People on Fraud Charges
Three people were indicted by the U.S. Department of Justice on mortgage related fraud charges. A Mortgage Broker and his assistant who worked with American Alliance Mortgage Company were indicted by a federal grand jury for allegedly bilking vulnerable homeowners. The charges include one count of conspiracy, three counts of mail fraud, and one count of engaging in a financial transaction with criminally derived property.
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Who is Entitled to the Coop Commission?
By: Linda Modlinski, MNAR Senior Vice President
The real estate marketplace is a dynamic, demanding environment. Association offices and the MNAR are receiving calls from members who subscribe and participate in the Minnesota MLS Data Sharing Co-op and are confused with the offering of coop compensation. The AE Council asked me to author an article to help bring clarity to the issue.
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2007 REALTOR® Membership Kits Mailed
You should have received your official NAR REALTOR® Membership Kit in the recent past. The green and blue packet provides you with a reference of REALTOR® issues, an overview of member partnership programs and your 2007 NAR Membership Card. The membership card includes your NRDS ID the REALTOR® number you can use to access information on the National and Minnesota Association of REALTORS® web site.
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Sprint & MNAR Collaborate to help
members stay connected
A recent article in Inman News pointed to greater use of technology by REALTORS® in the last year. As the market goes through ups and downs the successful agents are using solid fundamentals to increase their business. Many of the most successful agents are using technology to give them the edge they need to succeed.
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Consider These Helpful Tips When
Incorporating Long Term Care Insurance
into Your Financial Plan
How would you pay for long term care services such as a visiting nurse, assisted living, therapy or a personal care aid if you needed them? Could you easily pull $200,000 from your retirement nest egg to pay for three years in a nursing home? According to the Congressional Budget Office, "Financing Long Term Care for the Elderly," April 2004, one year in a nursing home or 24-hour home care can cost more than $66,000 today, and that cost continues to rise.
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