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Thinking of joining a real estate team? Here’s everything you should know

Housing Wire

The Specialized Team Every team members role is based on their strengths agents specialize in either listings or sales, while support staff focuses on marketing or transactional details. These roles include: Buyers agents: These agents focus on helping clients purchase a new home.

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Expansion-hungry APM acquires over two dozen Lend Smart branches

Housing Wire

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. Lend Smart will retain its name and brand and have access to APM’s mortgage products.

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Home equity products light up a dark housing market

Housing Wire

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

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

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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. Its parent Rocket Companies rode the wave to a stunning $9.4

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Compass is Guaranteed Rate’s latest dance partner

Housing Wire

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. 2 brokerages in residential sales volume nationally – and bitter rivals.

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DataDigest: 281 Realtors sound off on future of commissions in HousingWire survey

Housing Wire

It won’t help my brand if I hold the line. Said another: “Buyers agents should earn additional commission for a lower purchase price. Many respondents said they are using buyer-broker agreements. “We need to do business differently,” another respondent said. There are some agents that only focus on commission.