Initiative underscores JPAR’s commitment to helping its agents succeed and thrive in a competitive market.

PLANO, Texas, July 22, 2024 /PRNewswire-HISPANIC PR WIRE/ — JPAR^® – Real Estate, a leading real estate brokerage serving Texas homebuyers and sellers, announced today a significant reduction in its cap fee model, effective immediately. By increasing the financial incentives for its Texas agents, JPAR aims to enhance productivity, reward top performers, and reaffirm its commitment to providing the best resources and support to real estate professionals. 

The reduction in cap fees, from 23 to 16 sides—the lowest since 2016—is particularly beneficial for agents deeply committed to their real estate careers. This adjustment reduces agent transaction fees to less than $10,000 annually. This initiative provides immediate financial benefit for agents in an ever-evolving market, and serves as a strong incentive for continued excellence. Consequently, this change represents a substantial pay increase for top producers, allowing them to retain more earnings and invest further in the growth of their businesses.

“As a brokerage built by top producers for top producers, we understand the unique needs of high-performing agents. This is a game-changer for our agents who are consistent top producers,” said Rick Davidson, CEO, JPAR^® – Real Estate. “Bottom line, we are our agent’s Partner in Growth. This reduction in our cap fee model means that agents will hit their goals faster, earning more, and reducing their costs while leveraging our award-winning education, marketing, training and technology tools. This initiative is focused on increasing value for our amazing JPAR professionals as the industry continues to evolve.”

Key Benefits of the Cap Fee Reduction:

• Increased Financial Flexibility: With a lower cap fee, agents will have more funds available to reinvest in their business, whether for marketing, training, or personal expenses;
• Enhanced Motivation: By lowering the financial threshold, agents will feel more encouraged and motivated to achieve higher transaction volumes, knowing they can achieve and retain more earnings;
• Competitive Advantage: JPAR’s new cap fee model positions the company as one of the most cost-effective brokerages serving Texas, offering superior services and support at a lower cost than competitors;
• Rapid Achievement of Financial Goals: Agents can now reach their financial milestones faster, which is especially beneficial in a changing market where every dollar counts.

The new cap fee model sets JPAR apart from many competitors in the industry. By reducing its fee cap, JPAR^® – Real Estate offers a lower cost structure and delivers a comprehensive value proposition, including it’s suite of services; JPAR^® OneStop Hub, JPAR^® Connect by kvCORE, JPAR^® Sure Sale, and Hurdlr Mileage & Expense Tracking, office support, marketing and training programs. This comprehensive platform ensures that agents receive exceptional value, making JPAR a top choice for real estate professionals.

Visit https://jparready.com/ to learn more about becoming a JPAR^® – Real Estate agent and the benefits offered to its network of real estate professionals.

About JPAR^® – Real Estate: (https://www.jpar.com/) is a forward-thinking Texas real estate brokerage focused on empowering real estate professionals to deliver exceptional service and achieve outstanding results. With cutting-edge technology, comprehensive support, and a customer-centric approach, JPAR^® – Real Estate is committed to transforming the real estate experience for agents and clients alike.

Media Contact:
Matthew Gentile
14124773349 

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SOURCE JPAR® Real Estate

According to the report, Texas homebuyers have 41% more homes to choose from than this time last year

AUSTIN, Texas, July 19, 2024 /PRNewswire-HISPANIC PR WIRE/ — Active listings of Texas homes for sale reached 125,398 in the second quarter this year, up nearly 41% compared to the same time a year ago, according to the Texas Quarterly Housing Report released today by Texas Realtors. Meanwhile, the statewide median price of $345,000 was 0.6% higher than in Q2 2023. The number of homes sold went down 3% to 93,417.

“Interest rates are a big part of the story,” said Jef Conn, chairman of Texas Realtors. “With today’s higher rates, some buyers are sitting on the sidelines and hoping rates or home prices come down.”

Conn also noted that, even in markets with an increased supply of homes for sale, some sellers are holding out for the higher prices they saw during the pandemic. “Homeowners who want to sell quickly will want to make sure their home is in good condition and priced competitively,” he said.

Median Prices Increased Moderately in Most Texas Markets

• Median price went up in 22 metros and down in four.
• The biggest increases in median prices were in Odessa (11.7%), Abilene (11.2%), San Angelo (8.4%), and Midland (6%).
• The four metros with median price decreases experienced moderate declines: Austin-Round Rock-San Marcos (-3.2%), Lubbock (-4.1%), San Antonio (-1.3%), and Texarkana (-2.5%).

More Listings Pushed Months of Inventory Higher

Months of inventory, a statistic that measures how long it would take to sell the homes currently on the market at the current pace of sales, increased from 3.1 months at the end of the second quarter last year to 4.6 months in Q2 this year. That marks the highest months-of-inventory number in at least eight years. Odessa was the only market where months of inventory declined and the only Texas area to register a decrease in listings compared to a year ago.

Statewide, homes spent the same number of days on the market compared to the second quarter last year. However, days on market increased in 20 metro areas and decreased in six.

“While it’s important to consider current market conditions, even the best economists don’t have a crystal ball for future mortgage rates and home prices,” Conn said. “So, while it may be tempting to wait for rates to fall or prices to rise or drop to some level, the most important factor for buyers and sellers is their own situation. When you’re clear about your real estate goal, a Realtor can help guide you through the important decisions to get you there.”

About the Texas Real Estate Year in Review Report

Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local Realtor associations and their MLSs, and Texas REALTORS^®, with analysis by the Texas Real Estate Research Center. The report provides quarterly real estate sales data from a statewide perspective and for 26 metropolitan statistical areas in Texas. To view the report in its entirety, visit texasrealestate.com.

About Texas REALTORS^®

With more than 150,000 members, Texas REALTORS^® is a professional membership organization that represents all aspects of real estate in Texas. We are the advocate for REALTORS^® and private property rights in Texas.

Media Contact: Desmond Davis, [email protected]

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SOURCE Texas Realtors

Filters will provide iron and manganese treatment for groundwater in Wisconsin, Nevada and Washington cleaning water supply for a variety of communities

LOS ANGELES, July 18, 2024 /PRNewswire-HISPANIC PR WIRE/ — Cadiz, Inc. (NASDAQ: CDZI / CDZIP) (“Cadiz” or the “Company”), a California water solutions company, today announced the Company’s operating subsidiary ATEC Water Systems, LLC (“ATEC”) secured three additional sales contracts for iron and manganese filtration systems totaling an expected $1.5 million in sales revenue.

ATEC’s specialized filter systems will treat groundwater supplies in Wisconsin, Nevada and Washington state serving a diversity of communities, including the University of Wisconsin at Madison, the Portland suburbs and rural Nevada clean energy development, further expanding the reach and demand for ATEC’s market-leading iron and manganese filters.

“The Board and I are extremely pleased by ATEC’s rapid progress in delivering clean, affordable water to communities and cities across the nation,” said Susan Kennedy, Cadiz Chairman & CEO. “Contaminated groundwater is a growing global threat, including right here in the United States — especially in underserved communities. ATEC tackles this pressing need with a breakthrough technology that delivers affordable solutions today, and positions Cadiz for continued growth and long-term value well into the future.”

Iron and manganese are relatively abundant in the earth’s crust and readily find their way into many groundwater and surface water supply sources. These metals can result in discolored water, bacteria growth, and taste and odor concerns for potable drinking water supplies. Recent studies suggest manganese consumption poses potential risks to public health particularly for young children and babies and is currently being considered for regulation by the U.S. EPA.

“Nearly 40% of all groundwater systems in the U.S. exceed iron and manganese secondary drinking water standards and ATEC is tremendously well-positioned to deliver the most effective and affordable option for communities affected by these contaminants throughout North America,” said Lee Odell, ATEC’s Chief Operating Officer.

The ATEC Iron and Manganese Removal System is an in-line, pressure filter system that uses a filter media to remove iron and manganese by adsorption. Horizontal filters are manufactured to different sizes and specifications depending on the volume of groundwater treated. The three new orders announced today, which are slated to be delivered before the end of the year, will utilize ATEC’s 24″, 30″ and 48″ wide filters.

ATEC has manufactured and delivered more than four hundred iron and manganese filter systems over the last three decades successfully providing needed treatment for groundwater supplies. ATEC also manufactures treatment systems for arsenic, hexavalent chromium, nitrates, and other common ground water contaminants of concern.

About ATEC 
ATEC Water Systems, LLC is a wholly owned subsidiary of Cadiz, Inc. (NASDAQ: CDZI) and a leading producer of specialized water filtration solutions for contaminated groundwater sources. ATEC’s filtration solutions are affordable, highly scalable, and easy to maintain, making them practical for a variety of applications from small, underserved communities to large municipalities. ATEC’s filters have been installed at over 450 locations, including community, municipal, agricultural, and industrial sites and used to successfully reduce and remove iron, manganese, arsenic, chromium-6 and other constituents of concern, solving some of the toughest groundwater treatment challenges. To learn more, visit www.atecwater.com. 

About Cadiz, Inc.
Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access. For more information, please visit https://www.cadizinc.com.                                              

Forward-Looking Statements 
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “anticipates”, “expect”, “may”, “plan”, or “will”. Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including statements regarding the Company’s expectations regarding ATEC segment revenues. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements. These and other risks are identified in our filings with the Securities and Exchange Commission (the “Commission”), including without limitation our Annual Report on Form 10-K for the year ended December 31, 2023 and our Quarterly Reports on Form 10-Q and other filings subsequently made by the Company with the Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date.  We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.

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SOURCE Cadiz, Inc.