Real Estate News – April 29, 2011

Coming out of the first quarter, most U.S. banks still view commercial real estate as an anathema to be further banished from their books, or at least kept off their rolls. However, for the first time in a long time, they have started talking about the day when that won’t be the case. And that day could come sometime in the second half of this year (via costar.com): http://bit.ly/k8oDRN

The National Association of Realtors next month will consider revising rules governing multiple listing services in order to explicitly permit brokers or agents to display Internet Data Exchange (IDX) listings on social networking sites and mobile devices (via inman.com): http://bit.ly/jd0Vid

The rush is on for banks to meet a mid-June deadline in offering up plans on how they plan to meet a set of guidelines by U.S. regulators to clean up their foreclosure procedures. The banks will have another 60 days after that deadline to implement the changes (via REALTORMag): http://bit.ly/l7IFvg

Phony landlord loses his real estate license (via StarTribune.com): http://bit.ly/kITfok

Lawyer who advised homeowners to break into their foreclosed homes has license revoked (via latimesblog.latimes.com): http://lat.ms/jgXlhc