Housing Wire

AUGUST 13, 2024

As more brokerages and agents contemplate moving away from a cooperative compensation model , many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all? You have to make sure you are on the same page.”

Purchase and sale agreement 482

Purchase and sale agreement Agents Brokerage Industrial 482

Housing Wire

OCTOBER 2, 2024

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. “Dana brings the ideal combination of local market expertise and strong industry relationships — exactly what we need as we shape a new path for the future of our industry,” Joseph Burks, REcolorado’s new owner, said in a statement.

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Purchase and sale agreement Sales MLS Industrial 432

Housing Wire

AUGUST 19, 2024

17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. I know quite a few agents it hurt. The landmark date of Aug.

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Purchase and sale agreement Agents MLS Seller concession 476

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. Meadow has 25 years of mortgage industry experience.

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Debt-to-income ratio Purchase and sale agreement Sales Loans 426

Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. The buyer can use those funds for anything they would like, including paying their agent, if they choose.”

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Purchase and sale agreement Agents Seller concession MLS 466

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. “Homebuyer survey data may provide some clues.”

Agents 497

Agents Purchase and sale agreement Brokerage Finance 497

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If Potentially, the seller’s agent may have more of a voice than they historically have had in terms of recommending a title provider,” Frasier said.

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Title Industrial Purchase and sale agreement Agents 448

Housing Wire

APRIL 26, 2021

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms.

Purchase and sale agreement 397

Purchase and sale agreement Agents Brokerage MLS 397

Housing Wire

FEBRUARY 9, 2022

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” Why is the industry still transferring money the old-fashioned way? There’s really no experience quite like buying a home.

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Industrial Purchase and sale agreement Pre-approval Banks 418

Housing Wire

FEBRUARY 2, 2024

Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.

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Purchase and sale agreement Agents Closing Brokerage 493

Housing Wire

NOVEMBER 1, 2021

You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. Stevens, President at SRE.

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Lending Purchase and sale agreement Agents Loan Officer 447

Housing Wire

SEPTEMBER 17, 2024

For agents in New Hampshire , this week marks two months since PrimeMLS , the state’s multiple listing service , implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. It is a seller decision, not an agent decision.”

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Purchase and sale agreement Agents MLS Inspection 448

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. Seller concessions for VA borrowers are capped at 4% of the home’s purchase price or appraised value and can cover some closing costs, including the VA funding fee and prepaid taxes. Grant said.

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

AUGUST 30, 2024

There is a new real estate firm in town, but one of its founders is probably familiar to many in the real estate industry. In an attempt to capitalize on the real estate industry’s new normal, Sitzer teamed up with Galen, whose startup fintech firm Zero was acquired by Avant in 2021, and Batra to found Landian.

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Purchase and sale agreement Brokerage Agents Closing 459

Housing Wire

MARCH 7, 2022

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 It also gives real estate agents ideas. Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. That’s when a 70-year-old brick home in the St.

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Sales Purchase and sale agreement Title Inspection 501

Housing Wire

MARCH 12, 2024

First piloted in a handful of markets in September 2023 and formally launched in early February, the Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5%

Purchase and sale agreement 446

Purchase and sale agreement Brokerage Agents Closing 446

Housing Wire

JULY 10, 2024

For over 37 years I have been a consultant to brokerage firms, MLS’s, Association of Realtors, and other entities related to the residential brokerage industry. In addition to general advisory consulting, I was involved in nearly 1,000 sales or acquisitions of entities in this industry.

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Purchase and sale agreement Due diligence MLS Brokerage 434

Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” But even with all the negative nouns used to describe some real estate agents, the majority of real estate agents are professional and valuable. And before getting my real estate license in 2009, I had the same opinion, too.

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Agents Purchase and sale agreement MLS Brokerage 348

Housing Wire

APRIL 22, 2024

(Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. Rather than focusing on recruiting one agent at a time, these small acquisitions would be recruiting groups of agents at a time,” Wright said.

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Brokerage Purchase and sale agreement Title Industrial 451

Housing Wire

AUGUST 19, 2024

Several real estate groups recently criticized the Consumer Federation of America’s support for uncoupled buyer and seller agent real estate commissions, writing in HousingWire that, “CFA has seemingly lost sight of its core purpose advocating for those most in need of consumer protection.” Department of Justice (DOJ).

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Purchase and sale agreement Finance Industrial Agents 457

Housing Wire

OCTOBER 25, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S.

VA loan 445

VA loan Purchase and sale agreement Loans Agents 445

Housing Wire

AUGUST 13, 2024

Talk of a potential recession and the impending business practice changes were the overarching themes of the opening session of Keller Williams’ 2024 Mega Agent Camp Tuesday morning. There are more than enough homes sales in your market for every one of you to hit your goals if you do the right things.

Agents 345

Agents Purchase and sale agreement Marketing Banks 345

Housing Wire

DECEMBER 2, 2021

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. As of last month, the firm reported 9,800 homes it purchased but has yet to sell, and 8,200 it is contractually obliged to buy – or a shade under 18,000 total.

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Purchase and sale agreement Investor As-is Industrial 459

Housing Wire

MARCH 24, 2025

As a listing agent, showcasing your sellers properties in the absolute best light possible is a vital component of the service you provide them. The more buyers through the door, the more offers youll receive quickly and the higher the sale price will be. This can make a big difference for newer agents just starting out.

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Purchase and sale agreement Staging Due diligence Branding 198

Housing Wire

AUGUST 30, 2024

Commentary has run the gamut from the demise of the industry to real estate services in the future will now be essentially pro bono. This means buyer agents must now individually contact listing agents to inquire about compensation amounts or find an alternative method. I hold a contrarian perspective.

Purchase and sale agreement 429

Purchase and sale agreement Brokerage Agents As-is 429

Housing Wire

OCTOBER 3, 2023

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. It seems a small share of the agent population even knows about this issue, and even fewer can loosely tell you what the potential outcomes are. How, then, will a buyer agent get paid?

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Purchase and sale agreement Brokerage Agents MLS 434

Housing Wire

FEBRUARY 13, 2024

Our for-sale growth pillars mark the pathway to meeting our goals to grow customer transaction share from 3% to 6% by the end of 2025 and grow revenue alongside that transaction share growth,” Jeremy Wacksman, Zillow’s chief operating officer, said. We are confident in our ability to grow our company in this evolving climate.”

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Purchase and sale agreement Agents Finance Loans 426

Housing Wire

SEPTEMBER 20, 2024

But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days? Long time coming The cut was long overdue for many in the industry, including the Community Home Lenders of America (CHLA).

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Mortgages Purchase and sale agreement Industrial Loans 441

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In The annual investment volume in the U.S.

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Equity Finance Purchase and sale agreement Investor 464

Housing Wire

JULY 26, 2021

They also recently closed on their purchase of a new home. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there. And they paid a 1% fee to their solicitor for their purchase. The real estate industry and the U.S.

MLS 397

MLS Purchase and sale agreement Brokerage Closing 397

Housing Wire

NOVEMBER 9, 2023

So, the fact that we are now seeing things further in the process come down to agents and brokers — I was not entirely surprised by that.” Unlike Murray, Marx Sterbcow, the managing attorney at Sterbcow Law Group, believes that the settlement agreements will be approved, but he supports Murray’s assertion that the DOJ will step in.

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Purchase and sale agreement Title Agents Equity 445

Housing Wire

JUNE 10, 2021

Plaintiff has not supported its claim that there is any deception that is injuring a substantial portion of the purchasing public,” stated a Seattle federal court judge, Thomas Zilly. As a result, there is now an “agent listings” and “other listings” tab on Zillow’s website.

Purchase and sale agreement 397

Purchase and sale agreement MLS Brokerage Residential 397

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. NAR is a scam,” one agent wrote. This is only phase one,” concluded another industry veteran. Nearly 300 responded.

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Purchase and sale agreement MLS Agents FHA loan 463

Housing Wire

MARCH 24, 2021

Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. In an interview with HousingWire, Jacobson mostly wanted to discuss UWM’s broker agreement , specifically a passage in section 2.03 “It’s not true.

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Purchase and sale agreement Loans Loan Officer Mortgages 397

Housing Wire

SEPTEMBER 8, 2023

If you’re in the real estate industry, you certainly know that the average time from mortgage application to closing has been hovering around 50 days. More than a few real estate agents have come to dread calling the closing company to find out when they can close. Our industry as a whole has made tremendous strides in that regard.

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Title Purchase and sale agreement Technology Closing 407

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada. “And

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Inspection Inspection contingency Purchase and sale agreement Residential 435

Housing Wire

JULY 25, 2023

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. Anywhere, world’s largest franchisor of residential real estate brands and formerly known as “Realogy,” attributed this drop to a steep drop in home sale transaction volume. “We million to 4.3

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Purchase and sale agreement Title Brokerage Branding 348