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News in the WC
Annual Business Meeting

Thursday, October 16, 2014 - 11:30am - 1:30pm
Annual Business Meeting

It's that time of the year again, time to vote on the slate of 2015 Board of Directors & Executive Officers, recap the successes of 2014. We invite everyone to join us for the Annual Business Meeting Luncheon and learn about the explosive growth happening in the WC. Tickets are on sale, $15 for current memtbers of WCREALTORS and $20 for everyone else! Mark your calendar, purchase your tickets, and see you there! More InformationRegister Now

GRI Real Estate Finance

Monday, October 20, 21, 27 & 28; 8:30am - 5:30pm
GRI Real Estate Finance

GRI Real Estate Finance focuses on topics such as:Cultural Diversity, Fair Housing, Finance Theory & Practice and Residential Contracts. GRI is the most popular real estate designation and the only designation where you earn SAE Hours. Sign up today and see why GRI hold the key to your future in real estate. More Information

 

Industry News
Changes to your MLS Subscription

On Tuesday, September 9, 2014,  ACTRIS made an announcement that will affect how you use your MLS service. Effective November 18, 2014 , ACTRIS will retire the MLXchange and Fusion MLS systems. After that date, Matrix will be the only MLS system offered to ACTRIS members.

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Hook ultrawealthy homebuyers with concierge-style service

Major shifts are afoot in the luxury real estate market, especially internationally. What are today’s luxury buyers seeking and how are agents today providing the stellar service this market segment demands?

The Luxury Connect session at Real Estate Connect San Francisco was packed with great strategies and data that can help you better serve this important demographic. Here are seven of the top takeaways:

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Elimination of FHA “Prepayment Penalty”

On August 26, 2014, the Federal Housing Administration (FHA) issued its final rule to eliminate post-payment interest charges on FHA-insured single family mortgages.  NAR has urged FHA and Ginnie Mae to remove this prepayment penalty for years as the policy placed an unreasonable burden on consumers who already face high housing and closing costs.  Conventional loans, as well as loans from the Veterans Administration’s Loan Guaranty Program and the U.S. Department of Agriculture’s Rural Housing Service loan program, do not have post-payment interest charges.  The policy change will prohibit mortgagees from charging borrowers interest on their home mortgages after a principal balance pay-off.  The final rule will go into effect on January 21, 2015.

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News You Can Use
November ballot measure aims to drive road funding

A proposition on the Nov. 4 ballot could help repair the state’s ailing highway system, including heavily traveled Central Texas roads such as I-35.

“We’ve got enough work there to last a lifetime,” said Will Conley, chairman of the Capital Area Metropolitan Planning Organization, which is responsible for coordinating transportation projects in Central Texas. “It’s all of the above: It’s adding lanes. It’s redesigning ingress and egress for higher levels of safety and mobility. It’s a combination of small to large projects and everything in between.”

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Round Rock Express changes leadership

Round Rock Express President Dave Fendrick announced Thursday he will retire from the position and his 39 year career in baseball. His replacement, Jay Miller, held the position previously before taking a job as Texas Rangers senior vice president.

Fendrick has been with the Round Rock Express since 1999. He started as assistant general manager for sales and marketing. He became the vice president and general manager prior to the 2005 season then moved to his current position in 2010.

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Hutto falls short in bid for Tesla battery factory

The city of Hutto appears to have finished as the runner-up in a nationwide competition to land electric car manufacturer Tesla Motors’ proposed $5 billion factory.

Several national news outlets reported Sept. 3 that a site near the city of Reno, Nevada, had been chosen as the final location for the factory, which is expected to produce batteries for Tesla’s line of electric cars. Joey Grisham, president of the Hutto Economic Development Corp., confirmed the city of Hutto had been in negotiations with Tesla for nearly one year prior to the announcement.

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