NDILC Member Tami Bonnell, CEO of EXIT Realty, Included in 2020 Swanepeol Power 200 List


Congratulations to NDILC Member Tami Bonnell, CEO of EXIT Realty, for being recognized as one the the Most Powerful Leaders in Residential Real Estate by Swanepoel Power 200 (SP200). Tami was ranked alongside fellow EXIT Realty coworker Steve Morris, Founder and Chairman of EXIT Realty. The overall 2020 Leadership Rankings, the Power 200, ranks the most powerful leaders in the residential real estate brokerage industry as at December 31, 2019, with adjustments made only for the major leadership announcements made after that date.

Continue reading

FDIC Proposal Exempts Residential Real Estate Transactions of $400,000 or Less from Appraisal


On November 20th, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking that will raise the threshold for residential real estate transactions that require an appraisal to $400,000, from the current level of $250,000. This proposal is a response to concerns that the current threshold is not reflective of price appreciation and creates unnecessary time and cost burdens for residential real estate transactions. Comments on this proposal will be accepted for 60 days in the Federal Register.

Continue reading