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Risk Management Fee / E&O Insurance Premium will reflect an increase due to yearly adjustments by the carrier.

(July 18th, 2023)


California home sales dip again as rates soar to a 22-year high:

Sales of existing homes in California dipped on a year-over-year basis as costs of borrowing continued to climb while supply remained tight. The dip extended the months of annual declines to 26 in a row, and the sales pace in August reached the lowest level in seven months. Despite the continuing decline, sales remained above the recent bottom of 237,000 recorded in November of last year when mortgage rates surpassed 7% for the first time in over two decades. With rates staying elevated and above 7% in recent weeks, sales are expected to be muted in the coming months. Pending sales, in fact, declined nearly 25% in August, which suggests that closed sales in California will likely slip again in September before bouncing back in October.             (September 25, 2023)

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  1. Referring agent is entitled to a 50% referral fee of the total net commission after company dollars have been collected, based on the customer/principal side of the transaction.
  2. The referral fee on each customer/Principle will only be valid from transactions closed within a 12-month period of the initial referral request submitted.
  3. Referring agent license registration with the Company must be current at the time of referral fee disbursement.
  4. Terms and conditions may be modified by management without further notice. See the compensation exhibit and fee schedule on Virtual Agents for pricing details.

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