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World’s first AI real estate agent has already made $100M in sales

Housing Wire

One of the companies utilizing the technology is Portugal-based real estate brokerage firm Porta da Frente Christies , which has reported $100 million in sales generated from leads provided by the AI agent. “We have more than 5,000 properties currently in our portfolio.

Agents 345
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Flagstar Bank lays off 700, with 1,200 more to depart after asset sale to Mr. Cooper

Housing Wire

New York Community Bancorp (NYCB) this week announced that it rebranded to Flagstar Bank , laid off 700 employees and anticipated the transition of another 1,200 to Mr. Cooper Group as part of the sale of its third-party origination (TPO) business and mortgage servicing rights (MSRs).

Banks 448
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Advocus National Title now providing 1031 exchange services

Housing Wire

A 1031 exchange allows investors to reinvest proceeds from the sale of an investment property into another similar property without immediately incurring capital gains taxes. Under the new offering, Advocus National 1031 Exchange will act as the qualified intermediary, holding sales proceeds and ensuring compliance with IRS regulations.

Title 312
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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.

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Judge to MLS PIN: ‘Trying to understand why this matters’

Housing Wire

On Tuesday, at the preliminary approval hearing for defendant MLS Property Information Networks (MLS PIN) settlement, Judge Saris r efused to grant preliminary approval to the settlement as the plaintiffs and defendants were hoping to expand the class to include commercial property sellers and mobile home sellers. Why do you care so much?

MLS 287
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RealTrends launches real estate agent and team city rankings

Housing Wire

However, Leading RE agents and team bested the sales volume. Network Affiliation by Sales Volume The RealTrends City Rankings includes agents and teams that were submitted as part of the State and National rankings, as well as agents and teams that submitted specifically for the City Rankings.

Agents 464
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Mortgage software firm LenderLogix hires sales expert Ben Head

Housing Wire

Buffalo, New York-based mortgage technology firm LenderLogix , a top provider of point-of-sale (POS) and automation software for independent mortgage banks , commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive.

Sales 435