Fri.Nov 08, 2024

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MLSs seek to reinvent themselves

Housing Wire

Realtors are not the only ones gathering in Boston this week for the National Association of Realtors ‘ NXT conference. On Thursday, MLS leaders took center stage at several conference sessions, including discussions of the business practice changes driven by the NAR commission lawsuit settlement and how the role of the MLS — and the MLS-broker relationship — has evolved as a result.

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Anywhere could be ‘biggest beneficiary’ if Clear Cooperation is repealed

Real Estate News

During a Q3 earnings call, CEO Ryan Schneider reiterated his support of the CCP but said large firms would be the winners if it goes away. Revenue, income fell.

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Fannie Mae releases updates on leasehold estates, manufactured homes, fraud prevention

Housing Wire

The newly-updated Fannie Mae Selling Guide for November has aimed to modernize special property eligibility and underwriting considerations for leasehold estates, and it has revised the government-sponsored enterprise (GSE)’s project review requirements for properties secured by manufactured homes. The Selling Guide has also updated requirements “related to the market area analysis of the appraisal report and add[ed] standardized definitions relevant to appraisal market areas to the glossa

Title 397
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Typical seller is older than ever, gets full asking price

Real Estate News

An aging seller pool reflects a trend also seen among buyers — but sellers have retained the upper hand, rarely reducing prices or offering incentives.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Ginger Bell and Fobby Naghmi on leadership deficits in the mortgage industry

Housing Wire

In the latest episode of the Power House podcast, host Diego Sanchez sits down for a group chat with Fobby Naghmi, senior vice president at Homecomings Mortgage & Equity , and Ginger Bell, founder of Edumarketing. The conversation covers Bell’s and Naghmi’s co-authored real estate and mortgage guidebook “Leadership Matters,” and the importance of communication and training for leadership development in the mortgage industry.

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Realtor.com's 'Trust' claim gets OK following CoStar complaint

Real Estate News

BBB National Programs ruled in favor of Realtor.com, saying it “provided a reasonable basis” for its claim of being “#1 Site Real Estate Professionals Trust.

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NAR president works to rally ‘the boots on the ground’

Real Estate News

Kevin Sears kicked off NAR NXT with an acknowledgement of real estate industry challenges and a message of unity. His go-to message: “We protect consumers.

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Side files restraining order against Alexander brothers for allegedly moving loan collateral

Housing Wire

White-label brokerage Side keeps turning the screws on Official Partners and the Alexander brothers. Side filed a temporary restraining order on Wednesday against Tal and Oren Alexander, accusing the brothers of moving the underlying collateral on a loan that Side extended to Official Partners prior to the rape accusations against the Alexanders. The order requests that the Alexanders be prevented from “selling, transferring, dissipating, or otherwise disposing of any of Defendants’ real propert

Loans 370
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Why You Need an Agent To Set the Right Asking Price

Keeping Current Matters

The #1 task sellers struggle with is setting the right asking price for their house.

Agents 226
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Looking backward to look forward: Kevin Sears discusses NAR’s vision for 2025

Housing Wire

After a monumental year of change, the National Association of Realtors (NAR) is looking to the past to find inspiration for the future. Kevin Sears took to the NAR NXT main stage at the Boston Convention and Exhibition Center on Friday morning with a large iced coffee from Dunkin’ in hand. The NAR president and Massachusetts native then took NAR members on a walk down memory lane to explain the trade group’s priorities for 2025.

VA loan 367
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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CoStar loses National Advertising Division challenge against Move

Inman

The National Advertising Division on Friday denied CoStar's challenge to Realtor.com's "No. 1 site real estate professionals trust" tagline. CoStar said it's based on outdated data. NAD disagreed.

Agents 167
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Longbridge parent posts softer Q3 earnings while touting proprietary reverse performance

Housing Wire

Ellington Financial , the parent company of top-five reverse mortgage lender and servicer Longbridge Financial , saw its net income attributable to common stockholders fall in the third quarter of 2024 to $16.2 million — down from $52.3 million in Q2 — but company leaders said that the proprietary reverse mortgage product line offered by Longbridge continues to show strength.

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Wendy Davis joins Coldwell Banker Realty as branch manager

Inman

Davis and her team, the Wendy Davis Group, join the firm from eXp Realty. Davis will manage operations at Coldwell Banker Realty's Sherman Oaks and Studio City offices.

Brokerage 167
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Ditmas Park West Standalone With Garage and More To See, Starting at $2.175 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Park Slope, Bed Stuy, Ditmas Park West, and Fiske Terrace. They range in price from $2.175 million to $3.1 million. 732 Union Street Price: $3.1 million Area: Park Slope Broker: Corcoran (Michael Hartman, Kestas Stonys) Sunday November 10, 2:15-3 p.m. See it… Read More > The post Ditmas Park West Standalone With Garage and More To See, Starting at $2.175 Million appeared first on Brownstoner.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Vrbo parent Expedia Group reports strong Q3 amid leadership changes

Inman

Expedia’s net income for Q3 was $684 million, with adjusted net income of $809 million — significant improvements compared to Q2 2024, when net income was $386 million and adjusted income was $469 million.

Marketing 158
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Renovated Rhinebeck Dairy Cottage, Yours for $1.85 Million

Brownstoner

A former home to dairy workers on the Wilderstein estate, this Rhinebeck tenant house has been extensively renovated in recent years, resulting in a home with modern amenities wrapped in a charming Hudson Valley cottage exterior. At 521-531 Mill Road, the house on the market sits on five acres that were… Read More > The post Renovated Rhinebeck Dairy Cottage, Yours for $1.85 Million appeared first on Brownstoner.

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Fathom Holdings’ revenue drops 10% as market challenges linger

Inman

The company's Q3 revenue clocked in at $83.7 million while net losses rose to $8.1 million as Fathom faced an uncertain market and dealt with expenses related to a $3 million NAR settlement contingency.

Marketing 154
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How to Sell My House Fast in Madison: Cash Offer Options

HomeLight

As a homeowner in Madison, Wisconsin, you might find yourself in an unexpected position where you need to sell your house quickly. Whether a sudden job relocation, a pressing financial concern, or simply the desire for a change of pace is prompting the need for a rapid sale, navigating Wisconsin’s real estate market can often feel overwhelming without the right guidance.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Side files restraining order against Alexander brothers in new action

Inman

The temporary restraining order alleges that Tal and Oren Alexander moved the underlying collateral on a loan that the firm extended to Official Partners two years ago in a potential attempt at "dissipating the assets.

Loans 167
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Scoop Up Your Copy of Brownstoner’s Fall 2024 Real Estate Special

Brownstoner

Brownstoner's Fall 2024 Real Estate special is hot off the presses. Find the broadsheet inside the Park Slope Courier and Brooklyn Paper, as well as at brokerages and other spots in northwest Brooklyn. Get your hands on a copy and check out: A kitchen fit for a Brooklyn Heights townhouse. What the mortgage-rate… Read More > The post Scoop Up Your Copy of Brownstoner’s Fall 2024 Real Estate Special appeared first on Brownstoner.

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Porch shares soar 55% on $14M Q3 profit and restructuring plan

Inman

Regulators have signed off on plans to restructure insurance business into a company that's owned by policyholders and operated by Porch, insulating it from catastrophic weather events.

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Housing Market Optimism Grows, But Are Buyers Ready to Act?

BAM Media

The Fannie Mae Home Purchase Sentiment Index® (HPSI) recorded a notable increase of 0.7 points in October 2024, bringing it to 74.6—its highest level since February 2022. Source: Fannie Mae This boost comes alongside a 9.7-point increase year-over-year, signaling a significant recovery from the all-time low experienced just two years ago. Mark Palim, Fannie Mae Senior Vice President and Chief Economist, emphasized the broader trend, stating: “While we have seen significant improvement in overal

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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Lesson Learned: Say ‘yes’ to opportunity, then figure out ‘how’

Inman

Learn how New York City agent Limor Nesher found out that developing your skills in response to new opportunities can help you become an expert.

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5 Things Agents Should NOT Be Doing on Instagram

BAM Media

I like to refresh these every few months to keep agents on their toes! Social media strategies are constantly changing, and it’s always good to check in with what’s working and what’s not. So, here are five things you SHOULDN’T be doing on Instagram (at least for now). #1—DO NOT Post Reels To Stories First, this kills your story views. Nobody wants to see a Reel from your feed on stories because that is not their intended purpose.

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North Dakota voters reject plan to eliminate property taxes

Inman

State officials estimated that Measure 4 would cost North Dakota $3.15 billion in lost revenue over two years. Realtor.com Chief Economist Danielle Hale cautioned that while North Dakota’s property tax system might benefit from reform, eliminating it entirely could create even greater challenges.

Marketing 148
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Mastering Marketing: How to Build a Strong Personal Brand and Win More Clients

RIS Media

Your brand. Yes. Your personal brand. It starts there. It is everything you do to influence the experience someone has with you and your business. Anything you offer that someone can see, hear, touch, smell or taste will dictate how they feel about you. It is every email and text you send. Every phone conversation.… The post Mastering Marketing: How to Build a Strong Personal Brand and Win More Clients appeared first on RISMedia.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Settlements, suits, Sitzer: Inman’s Top 5 stories of the week

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 158
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Real Estate Leaders Remain Focused on Growth and Innovation

RIS Media

In a panel discussion at RISMedia’s CEO & Leadership Exchange this past September, key industry executives came together to tackle the pressing topic of creating and maintaining strong company cultures in real estate. With the focus on culture, collaboration and leadership, Kuba Jewgieniew, founder and CEO of Realty ONE Group, shared insights into the principles… The post Real Estate Leaders Remain Focused on Growth and Innovation appeared first on RISMedia.

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Embrace educational events to increase client engagement

Inman

Tune in to Inman Access, and learn how educating clients through special events can strengthen relationships and keep your lead-gen pipeline full.

Brokerage 158
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Bringing Tangible Value to the Table

RIS Media

NextHome CEO James Dwiggins—a third-generation real estate leader—has made it his mission to position his company’s strategies and training opportunities to guide, educate and protect his agents and consumers as well as the industry at large. Rescoping the company to navigate the post-August 17 landscape, Dwiggins is pushing his agents to educate buyers and sellers… The post Bringing Tangible Value to the Table appeared first on RISMedia.

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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.