Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Now, it’s time to join a brokerage. How do real estate agents get paid?

Agents 448

Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

AUGUST 26, 2024

Move Sales , OpCity Acquisitions , OpCity Inc. The plaintiffs allege that the other data involved in the “unlawful bundling” is generated by anyone who interacts online with keywords such as “home, property, real estate, house, mortgage, and rent.” The suit claims that NAR, along with Move Inc., and REA Group Ltd.

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Purchase and sale agreement Sales Agents Design 514

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. Giangrande previously served as president of AmeriCash Mortgage and has more than 30 years of experience in the financial services and mortgage arenas.

Equity 383

Equity Purchase and sale agreement Mortgages Finance 383

Housing Wire

OCTOBER 1, 2024

RESPA Section 8 and CFPB Regulation X maintain firm prohibitions against kickbacks and unearned fees, with particular statutory exemptions, about all settlement services involving federally related mortgage loans. ” 12 U.S.C. Unambiguously, 12 U.S.C. 2607(c)(3) and 12 C.F.R.

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Purchase and sale agreement Agents Brokerage Loans 434

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.

Purchase and sale agreement 493

Purchase and sale agreement Agents Closing Brokerage 493

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The acquisition is intended to enable Seattle-based Redfin to expand its loans products nationally, as it wants to be a one-stop-shop for brokerage and lending.

Equity 488

Equity Purchase and sale agreement Loan Officer Lending 488

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. Who’s most exposed? But that statement comes with a big asterisk.

Agents 497

Agents Purchase and sale agreement Brokerage Finance 497

Housing Wire

NOVEMBER 5, 2021

Instant homebuyer Opendoor has acquired “tech”-focused mortgage brokerage RedDoor , the companies announced Friday. The purchase comes amid questions of whether iBuying is a viable business model following Zillow’s announcement Tuesday that the company is winding down its iBuying arm. Opendoor has $25.4

Purchase and sale agreement 416

Purchase and sale agreement Loan Officer Brokerage Loans 416

Housing Wire

JULY 17, 2024

Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase. Dramatic change is what it means.

Purchase and sale agreement 493

Purchase and sale agreement Real-estate owned Agents Brokerage 493

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. The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market. The annual investment volume in the U.S. The annual investment volume in the U.S.

Equity 464

Equity Finance Purchase and sale agreement Investor 464

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

OCTOBER 6, 2021

The sale-and-JV formation will allow Realogy to gain liquidity from the sale of its title insurance business while still maintaining a position in title. “They free up capital to invest in building title and mortgage faster and don’t lose any of the strategic advantages of their front-end origination services.”

Title 352

Title Purchase and sale agreement Equity Brokerage 352

Housing Wire

MARCH 24, 2021

A week after the deadline to pick sides in United Wholesale Mortgage ‘s “all-in” ultimatum to mortgage brokers, Fairway Independent Mortgage is speaking out. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. ” Fairway, which did about $3.5

Purchase and sale agreement 397

Purchase and sale agreement Loans Loan Officer Mortgages 397

Housing Wire

JULY 13, 2021

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. billion in mortgages last year.

Purchase and sale agreement 305

Purchase and sale agreement Brokerage Loan Officer Mortgages 305

Housing Wire

NOVEMBER 13, 2023

They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.” Industry professionals are also anticipating changes in the types of joint ventures and affiliated business agreements (ABAs) populating the title space.

Title 448

Title Industrial Purchase and sale agreement Agents 448

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

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Purchase and sale agreement Title Brokerage Branding 348

Housing Wire

AUGUST 19, 2024

We acknowledge and share their concerns and urge the industry and housing advocacy groups to work together with us on solutions to end price-fixing in real estate brokerage while ensuring that the most vulnerable consumers are not harmed in the transition to a new status quo.

Purchase and sale agreement 457

Purchase and sale agreement Finance Industrial Agents 457

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. An originator since 1999, Read got his real estate license in 2014 and opened up his real estate brokerage in 2019.

Loan Officer 485

Loan Officer Loans Agents Mortgages 485

Toronto Realty Blog

NOVEMBER 4, 2024

But as I write this blog post (over the weekend), I can only guess as to how October sales will look. In my monthly “TRREB Stats” blog post, I always examine three essential statistics in our real estate market: price, sales, and new listings. That , in my opinion, is the number-one reason why sales are slow right now.

Sales 106

Sales Purchase and sale agreement Agents Pre-approval 106

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. Said another: “Buyers agents should earn additional commission for a lower purchase price.

Purchase and sale agreement 463

Purchase and sale agreement MLS Agents FHA loan 463

HomeLight

APRIL 19, 2022

Gone are the days where a simple handshake could solidify a working agreement between a buyer and their real estate agent. Instead of a handshake, buyer’s agents are presenting homebuyers with a document called a “buyer broker agreement” — and you might not know what that is! Buyer-broker agreements, explained.

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Purchase and sale agreement Agents Inspection Brokerage 111

Housing Wire

JUNE 7, 2024

As overall home sales decline on a national level, signing listings is more difficult than ever for agents of all experience levels. Host open houses for FSBOs Adding value, not being pushy, and building relationships with For Sale By Owner sellers are the keys to converting them to listings. Have you ever considered selling?

Purchase and sale agreement 468

Purchase and sale agreement Agents As-is Inspection 468

Realty Biz

NOVEMBER 8, 2022

According to a study by the NAR , 87% of recent buyers purchased their homes via a real estate agent or broker. It only makes sense that a well-established brokerage is bound to have more options on offer than an independent real estate agent. This top-performing brokerage originated in 1973, founded by Dave Liniger and Gail Main.

Brokerage 98

Brokerage Purchase and sale agreement Agents Sales 98

HomeLight

OCTOBER 4, 2021

The typical home buying process goes something like this: You save up your cash , get preapproved for a mortgage , and put an offer on a house that fits your budget. Find a brokerage with a rent-to-own program. A rent-to-own home is an agreement that allows the renter to buy the home from the landlord after a specific lease period.

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Purchase and sale agreement Pre-approval Agents Brokerage 141

Toronto Realty Blog

JANUARY 16, 2025

This story brings us back to last summer when a client of mine purchased a small west-side home and, upon closing, the listing agent had some very interesting ideas about how to go about making up his financial loss on the property. I have a private mortgage. 870 – 850 = 20 Right? Ron was willing to play ball.

Closing 59

Closing Purchase and sale agreement Brokerage Mortgages 59

GeekEstate

OCTOBER 29, 2021

This market map real estate technology companies operating across every phase of the home purchase value chain. For instance, while Blend’s original product focused specifically on the mortgage point-of-sale, the company has since expanded to offer title services, home insurance and closings.

Technology 136

Technology Marketing Purchase and sale agreement Equity 136

Realtor.com

DECEMBER 6, 2021

However, keep in mind commission rates usually vary depending on the state you live in and among brokerages. “And find out if and how they would want to handle the sale to a buyer found by the seller,” says Sylvia Jonathan , an agent at Coldwell Banker Platinum Properties in Irvine, CA. Remember, escrow protects sellers.

Purchase and sale agreement 116

Purchase and sale agreement Agents Title Closing 116

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. You need to build your work history.

Purchase and sale agreement 116

Purchase and sale agreement Loans Inspection Closing costs 116

Marco Santarelli

NOVEMBER 23, 2024

Conducting due diligence is essential before committing to a purchase. Cons: Time-consuming: It can take time to accumulate enough profits to purchase another property. How it works: Buy: Identify and purchase a property below market value, often one that requires some renovations or repairs.

Hard money loan 52

Hard money loan Purchase and sale agreement Due diligence Renovation 52

Realty Biz

AUGUST 23, 2022

As a seller, it lets the world know you’re home is for sale. As a buyer, it makes it far easier to be informed about precisely what is publicly available to purchase. It makes sharing information on homes for sale between the different brokerages. Sharing information in the MLS allows smaller brokerages to compete.

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Purchase and sale agreement MLS Brokerage Loan Officer 113

HomeLight

AUGUST 16, 2021

The mortgage loan process is pretty messy! Follow the list, and you’ll save yourself a lot of headaches and make the mortgage loan process a lot smoother. Businesses have expenses, which eat into how much you take home and have available to spend on a mortgage. Source: (Mangostar / ShutterStock). Loan application.

Loans 105

Loans Mortgages Bankruptcy Purchase and sale agreement 105

RIS Media

APRIL 15, 2021

In real estate’s latest power move to claim the industry’s data and convert it into an all-in-one service, CoStar has reached an agreement to acquire home-search portal Homes.com for $156M in cash. Zillow also took a giant leap in September 2020 by starting its own licensed brokerage: Zillow Homes. for $500 million.

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Purchase and sale agreement Residential Brokerage Technology 122

HomeLight

NOVEMBER 16, 2021

Less-than-stellar credit history can create an obstacle to getting a mortgage , making the whole process even more daunting. Home Partners is affiliated with various brokerages and can get them connected to a Realtor®. They must be traditional sales or for sale by owner (FSBO) homes. Source: (Roger Starnes Sr / Unsplash).

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Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 104

HomeLight

MARCH 16, 2021

You’re finally ready to purchase your first home. Source: (LinkedIn Sales Navigator / Unsplash). When a buyer and seller use agents at the same real estate brokerage, or the same agent period, this is known as dual agency , which is a common practice among real estate companies in some states, though it isn’t legal everywhere.

Agents 111

Agents Purchase and sale agreement Brokerage Design 111

RIS Media

SEPTEMBER 29, 2020

Chicago-based @properties announced that it is launching a national franchise brand to offer broker/owners and agents access to the firm’s technology, marketing, training and business-development systems that have made it one of the top 10 brokerage firms in the country as an independent. 1 seller of new construction).

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Purchase and sale agreement Brokerage Branding Technology 105

RIS Media

OCTOBER 4, 2020

When the COVID-19 pandemic began, many brokerage companies had to shift gears entirely. But why did it take a global crisis for brokerages to move their businesses in this direction? This is all made possible because HomeSmart International brokerages nationwide run on. HomeSmart International was built on technology.

Brokerage 116

Brokerage Technology Purchase and sale agreement Branding 116

Redfin

AUGUST 22, 2024

This sets the maximum amount that your buyer agent will be paid when you purchase a home. Your agent will ask you to sign an agreement about their fee before touring homes. As a buyer, why do I need to sign an agreement so early in the process? Different brokerages have different approaches and policies.

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Purchase and sale agreement MLS Agents Equity 77