Finance


New Rules Govern Residential Property Sales Beginning in mid-August

UConn Today – If you’re in the process or buying or selling a home, or think that will be part of your near-future plans, then the recent National Association of Realtors (NAR) settlement has likely caught your attention.

As part of a class-action lawsuit settlement, the NAR agreed to some changes impacting compensation and representation beginning Aug. 17. The sale or purchase of a home is considered one of life’s biggest stressors. Understanding the new opportunities and requirements of the settlement can put real estate clients at ease.

UConn Today interviewed School of Business professor Kristen Haseney, an attorney with extensive experience in the industry. Below she answers questions about what’s new and what to expect.

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UConn Business Partners with Prestigious Chinese University to Enroll Top Grad Students

UConn Today – The School of Business on Thursday signed a formal partnership with Shandong University in China, one of that nation’s top universities, enabling Shandong students to begin graduate coursework in China and complete their degrees at UConn.

The Shandong students, who will come to UConn starting in Fall 2025, can pursue degrees in financial technology, business analytics and project management, or financial and enterprise risk management.

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Chairman Rodney Butler ’99: ‘You’re Here for a Reason’

UConn Today – This past spring, Mashantucket Pequot Tribal Nation Chairman Rodney Butler ’99 (BUS) addressed a large audience of students, faculty, and staff at the Student Union Theatre. One member of the audience paying especially close attention was Samantha Gove ’24 (CLAS), a member of the Mashantucket Pequot Tribal Nation who worked extensively with UConn’s Native American Cultural Programs during her time in Storrs. Shortly after Butler’s visit, he and Gove connected over video call for a conversation about Butler’s time at UConn, what he’s learned in two decades of leadership in the Nation, and what he wants Native students to keep in mind. The interview has been edited and condensed for clarity.

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‘Change Happens When One Person Makes a Bold Move’

UConn Today – Alumna Medina Jett ’08 EMBA delivered a commencement speech to the Class of 2024 that emphasized something she knows well: the importance of being brave and thoughtful in the face of change, whether celebrated or not.

“I stand before you not only as a fellow Husky, but as someone who understands the challenges and triumphs that come with the journey of life,’’ Jett told some 700 enthusiastic undergraduates, their families, and friends on Saturday afternoon in Gampel Pavilion.

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‘Hall of Fame’ Inductees Share Business Wisdom, Keys to Personal Success

UConn Today – The UConn School of Business’ Hall of Fame Ceremony offered a collection of stories, both funny and poignant, an abundance of heart-felt gratitude, and enough great business advice to fill an Adam Grant bestseller.

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Real Estate Center Loses Two Esteemed, Beloved Faculty Members

UConn Today – The Center for Real Estate and Urban Economic Studies is grieving the recent loss of two beloved, retired faculty members, both remembered as outstanding scholars, thoughtful leaders, and champions of their students.

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Multidisciplinary Student Team Wins First Place in American University Case Competition, Showcases the ‘Exceptional Talent’ at UConn

UConn Today – Astrong, collaborative team, impressive strategic insights, and an amazing presentation all contributed to a multidisciplinary UConn student team taking first place in a recent case competition at American University.

“One judge told us it was the best presentation she had seen in her 20 years of judging,’’ said Tyler Martin ’25, an economics and political science major, and part of the Husky Case Competition Club.

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What Is the Median Down Payment by State in 2024?

This Old House asks:
What advice do you have for first-time homebuyers looking to save for a down payment?

Save as much as you can, and if you have the ability to, try to save for paying closing costs, too, Check to see if your state offers a first-time homebuyers savings account program. Some states offer special savings accounts to help first-time homebuyers which may provide a state tax benefit for money deposited up to a certain limit. You will be held to any requirements and restrictions under the program, so be sure to check on what those are first. You can also check with your local Housing Finance Authority to see if they have downpayment assistance or other programs to help you obtain a loan or purchase a home. Both usa.gov and hud.gov have information on homebuying and in particular, resources for first-time homebuyers, including links to resources available by state.

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