Tue.Apr 30, 2024

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Zillow launches buyer agreement for home tours

Housing Wire

Over the years, Zillow has made it clear that it wants to help consumers with all aspects of their homebuying journey. Through the terms of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement Zillow is now getting into buyer representation agreements. Under the terms of NAR’s settlement agreement, agents will have to have a written agreement with a client in order to work with them as a buyer broker.

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Zillow offering 7-day ‘touring agreement’ for agents

Real Estate News

The NAR settlement does not address home search portals, but Zillow wants to make it easier for buyers to try out an agent in a way that aligns with new rules.

Agents 313
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NAR clarifies details on buyer broker agreements

Housing Wire

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements. Under the terms of the settlement agreement , agents will have to have a written agreement with a client in order to work with them as a buyer’s agent.

MLS 488
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KW CEO on emerging from the wilderness, looking to the future

Real Estate News

Mark Willis returned to Keller Williams after a 7-year hiatus, and he’s ready to lead in a new way. “It’s not about proving myself. It’s about impact.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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CMO Coleen Bogle on strategic leadership in a higher rate environment

Housing Wire

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. Click here to nominate someone. In the midst of a higher-for-longer mortgage rate environment that is reshaping the landscape of the mortgage industry, the role of a chief marketing officer (CMO) becomes increasingly pivotal as mortgage compa

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Dallas agent breaks his own world record for home sales

Real Estate News

Ben Caballero isn’t slowing down. After landing in the Guinness book three times in his 62-year real estate career, he has achieved a new record.

Sales 284

More Trending

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What More Listings Mean When You Sell Your House

Keeping Current Matters

The number of homes for sale is playing a big role in today’s housing market.

Sales 322
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Lower founder says lender is still active in M&A searches

Housing Wire

After striking two M&A deals late last year, digital multichannel lender Lower plans to acquire at least one other business in 2024. If it finds “a good company,” the lender is willing to pay a premium to the owners, according to Dan Snyder, the fintech’s founder and investor. “I’d like to do another one [deal], but if we can find a good company — it’s hard to find — and we will pay the owner a premium,” Snyder said in an interview last week during T

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5 brokerage settlements receive preliminary approval

Real Estate News

Firms that settled in the Gibson/Umpa case in March and April will have until later this year to finalize the agreements, but more than 20 defendants remain.

Brokerage 200
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Rithm delivers $261M profit in Q1, continues to evaluate mortgage biz spinoff 

Housing Wire

New York-based asset manager Rithm Capital delivered a profit in the first quarter of 2024, with a positive performance from multichannel lender Newrez in the servicing and origination segments. Top executives at Rithm said they continue to evaluate taking the mortgage business public. On Tuesday, Rithm announced a $261.6 million in GAAP net income from January to March, compared to $87.5 million loss in the prior quarter, per Securities and Exchange Commission (SEC) filings.

Mortgages 453
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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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KW CEO predicts downfall of indie model amid NAR settlement

Inman

Keller Williams president and CEO Mark Willis sat with Real Estate News to talk about his return to the Texas franchiser and how commission lawsuits could spark a new wave of brokerage and agent consolidation.

Brokerage 186
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Mortgage rates continue to rise before the Fed’s meeting 

Housing Wire

Mortgage rates inched higher last week ahead of the Federal Reserve ’s Federal Open Markets Committee on Wednesday and the national jobs report on Friday. HousingWire ’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.57% on Tuesday, slightly below the rate on Monday, which was the highest level seen this year.

Mortgages 439
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12 factors that convince a buyer to pay a full-service commission

Inman

Expressing your value to clients begins with knowing yourself, writes mega-team leader Carl Medford. You cannot articulate what you have never taken the time to determine on your own.

MLS 186
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Kendall Bonner named vice president of industry relations at eXp

Housing Wire

A day after announcing major changes to its executive team, eXp Realty is once again shaking up its leadership. On Tuesday, the nation’s largest brokerage by transaction side count announced that it had named Kendall Bonner as its new vice president of industry relations. According to a company news release, Bonner “will focus on guiding eXp Realty agents through the significant shifts currently shaping the real estate industry, particularly in light of the recent National Association of Realtor

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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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Home prices surge to ‘near all-time highs’ amid rising mortgage rates

Inman

San Diego, Los Angeles, Washington DC and New York posted annual price increases for the third-straight month, with each of the cities S&P CoreLogic Case-Shiller tracks hitting record highs.

Mortgages 181
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Northern Nevada Regional MLS unveils new mobile app for agents

Housing Wire

The Northern Nevada Regional MLS (NNRMLS) is teaming up with Lone Wolf Technologies to launch the HomeSpotter app, the companies announced on Tuesday. The 4,000 members of NNRMLS now have access to their own branded mobile MLS home search app, HomeSpotter, powered by Lone Wolf. “We’re thrilled to add this powerful mobile app to our members’ toolkits.

MLS 428
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AI, machine learning power lead-gen tool from Realeflow

Inman

Seller predictive analytics company Realeflow has announced its latest product, Leadflow AI Agent, a lead-generation solution to help residential agents be the first to know when someone wants to list a home.

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FHFA releases fair lending final rule

Housing Wire

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The rule “addresses barriers to sustainable housing opportunities for underserved communities by codifying existing FHFA practices in regulation and adding new requirements related to fair lending, fair housing, unfair or deceptive acts or practi

Lending 430
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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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March rents grew dramatically in Chicago and these 4 other cities

Inman

Eighteen of the 50 largest U.S. metro areas witnessed rents rise on an annual basis in March, especially in the Northeast and Midwest, where a lack of rental supply is common and owning a home is costly.

Marketing 170
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Fannie Mae profits grow to $4.3B in Q1 2024

Housing Wire

Despite the struggles of its independent mortgage bank counterparties, Fannie Mae delivered $4.3 billion in net income during the first quarter of the year, up from $3.9 billion in the prior quarter, the government-sponsored enterprise (GSE) reported Tuesday. The GSE’s net worth grew from $77.4 billion at the end of 2023 to $82 billion as of March 31.

Loans 417
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Apartment List rolls out Lea Pro, a bot for lead conversions and tours

Inman

The artificial intelligence-fueled tool allows leasing agents and landlords to generate new leads more efficiently, providing speed without the need for additional personnel, among other benefits.

Agents 171
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Reverse mortgage professionals react to H4P rule changes

Housing Wire

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. In the newly proposed rules handed down in October, the H4P program would, in certain circumstances, allow for inclusion of an interested party contribution of up to 6% of a home’s sale price.

Mortgages 412
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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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People on the Move: eXp promotes growth leaders; CB names marketing VP

Real Estate News

eXp elevates seven executives to support growth and agent success; Coldwell Banker brings on luxury marketing pro.

Marketing 171
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15 million Americans still have medical bills on credit reports 

Housing Wire

Approximately 15 million Americans continue to grapple with medical debt on their credit reports, despite reforms implemented by Equifax , Experian and TransUnion in March 2022, the Consumer Financial Protection Bureau (CFPB) revealed in a study published Monday. As of June 2023, about 5% of Americans had unpaid medical bills on their credit reports, down from 14% in March 2022.

Loans 411
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The good, bad and ugly: Rating the media’s commission coverage

Inman

After the National Association of Realtors announced its proposed commission settlement in March, mainstream media covered the historic news with mixed results, an Inman analysis shows.

Brokerage 164
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Case-Shiller: National House Price Index Up 6.4% year-over-year in February

Calculated Risk Real Estate

S&P/Case-Shiller released the monthly Home Price Indices for February ("February" is a 3-month average of December, January and February closing prices). January closing prices include some contracts signed in October, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).

Finance 122
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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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Don’t let your feelings or bank account dictate your value

Inman

If you're having trouble conveying your value to clients, it may be because you don't believe in it yourself. Coach Darryl Davis provides the pep talk you need to take center stage as a client coach and advocate.

Banks 163
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The RE/MAX® Competitive Edge: An Unstoppable Network

RIS Media

Spotlights were shining down onstage, but it was Quintavius Burdette who lit up the arena during the opening session of the 2024 RE/MAX R4® convention, the brand’s annual global event known for its education and networking opportunities. Since the former Division I college football player began his career with RE/MAX® five years ago, he’s closed… The post The RE/MAX® Competitive Edge: An Unstoppable Network appeared first on RISMedia.

Closing 122
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EXp Realty promotes Kendall Bonner to VP of industry relations

Inman

A year after moving from RE/MAX to eXp Realty, Kendall Bonner has been chosen to lead the brokerage's industry relations efforts. Bonner is also the leader of The Kendall Bonner Team in Tampa.

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How to Supplement Your Income with Real Estate (So You Can Do What You Love)

Bigger Pockets

Why are rock stars turning to real estate side hustles to pay their bills? During the lockdowns, many musicians, gig workers, and creatives saw their income streams dwindle.

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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.