Housing Wire

JUNE 25, 2024

If real estate brokerages fail to make changes to their operations, 79% of them will be unprofitable if the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement lead to typical agent commissions dropping to 2%. This is according to a study published Tuesday by AccountTECH. The study analyzed the operations of 100 randomly selected brokerages with agent counts ranging between five and 5,000.

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Real Estate News

JUNE 25, 2024

Association owners of REcolorado say now is “the right time to sell” and that decoupling MLSs and associations can provide protections and improve operations.

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MLS 309

Housing Wire

JUNE 25, 2024

The primary shareholders of REcolorado — the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) — have agreed to sell the company to a private equity investor outside the industry, despite ongoing negotiations with REcolorado’s management and board members to buy back their shares, the vice chair of REcolorado has told HousingWire.

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Real Estate News

JUNE 25, 2024

When asked to evaluate NAR’s overall performance, 62% of respondents in a T3 Sixty survey said they disapproved of the organization.

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Housing Wire

JUNE 25, 2024

A month after reaching an all-time high , the S&P CoreLogic Case-Shiller U.S. National Home Price Index did it again in April, according to a release on Tuesday. Despite the index reaching another record high, the report found that home price appreciation is decelerating. The national index posted a 6.3% annual gain in April, down from the 8.3% jump in March, bringing it to a record-high reading of 320.42.

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Marketing Industrial Closing Mortgages 435

Real Estate News

JUNE 25, 2024

The five defendants in Batton 2 — Compass, eXp, Redfin, Weichert and United — filed a joint motion, arguing that the claims are untimely and lack merit.

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Brokerage 211

Keeping Current Matters

JUNE 25, 2024

You want your house to sell fast. And you may be wondering how long the whole process is going to take.

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Housing Wire

JUNE 25, 2024

A report released Tuesday by the Consumer Federation of America (CFA) found that the California Association of Realtors’ (CAR) buyer representation and broker compensation agreement is “virtually unreadable.” The release notes that the CFA sent this analysis to the Department of Justice (DOJ) two weeks ago. Additionally, the CFA stated that California Realtors have obtained a copy of the analysis.

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Inman

JUNE 25, 2024

NAR's landmark settlement bars sellers' agents from offering commissions to buyers' agents in the MLS. A batch of new companies are stepping in to fill the void.

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MLS Agents Technology Brokerage 180

Housing Wire

JUNE 25, 2024

Austin-based independent brokerage TJ Lewis Real Estate is affiliating with Keller Williams , according to an announcement on Tuesday. According to the news release, TJ Lewis will affiliate directly with Keller Williams’ Austin Southwest market center. The firm is led by broker Topher Rogers, who is making the move to Keller Williams along with 31 agents.

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Brokerage Agents Closing Sales 397

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Loans

Inman

JUNE 25, 2024

New report shines light on buyer representation agreements as brokerages and Realtor organizations move to update forms and comply with legal settlements this summer.

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Brokerage MLS Agents 170

Housing Wire

JUNE 25, 2024

REcolorado was surprised to learn this week that its primary shareholders — the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) — have agreed to sell the company to a private equity firm. REcolorado — which is the 16th-largest MLS in the country with 25,000 members — said it had reached a deal to buy the shares of the company from the associations earlier this year before DMAR and SMDRA broke off communication.

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Due diligence MLS Sales Brokerage 397

Inman

JUNE 25, 2024

The multiple listing service is one of the largest in the US. One board member who was part of a team trying to buy the MLS described being blindsided by the private equity deal.

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Equity MLS Sales Industrial 164

Housing Wire

JUNE 25, 2024

Home appraisals are critical to the home buying and selling process. While they’re one of the best opportunities for an objective party outside the deal to assess a home’s true value, they can also torpedo an asking price or cause a lender to rescind its financing offer. But that’s not all a home appraisal can do. Let’s take a closer look at appraisals, what they mean for a sale, and how to leverage the results to get your clients the best price possible.

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Seller concession Staging Finance Closing costs 396

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Agents

Inman

JUNE 25, 2024

After his music career faded, the 56-year-old rapper, born Robert Matthew Van Winkle, found a new calling: real estate investment. The 90s sensation offers five tips to succeed as as an investor.

Investor 156

Investor Marketing 156

Housing Wire

JUNE 25, 2024

The year was 2019. I was working hard to make my mark as the Midwest Regional Director for Franchise Sales for Coldwell Banker Real Estate, LLC, the national franchisor. It wasn’t a job I was overly excited about, but I knew the training and field work would help round out my resume. It was the most stressful job I had ever had but I was starting to find my groove.

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Technology Brokerage Agents As-is 396

Inman

JUNE 25, 2024

Figures in April 2024 for both indices suggested a strong market going into summer. Both the S&P CoreLogic Case-Shiller index and the FHFA HPI rose 6.3 percent on an annual basis.

Marketing 155

Marketing Mortgages 155

Housing Wire

JUNE 25, 2024

Anaheim, California -based nonbank Change Lending on Tuesday announced the hiring of Madison Simm as its new chief financial officer. Simm has more than 25 years of experience in financial services and has held multiple executive roles at banks and mortgage companies. He comes to Change Lending after a stint as president of real estate at Texas Capital Bank.

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Lending Banks Renovation Loans 393

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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.

Sales

Inman

JUNE 25, 2024

Whether you're working with first-time homebuyers or helping seniors stay in their homes, the way that you support homeownership matters, writes broker-owner Teresa Boardman.

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Brokerage Agents Marketing 162

Housing Wire

JUNE 25, 2024

Xactus , a Pennsylvania -based mortgage technology firm that specializes in borrower verifications, announced Tuesday that it has hired Joseph Peterson as chief financial officer. Peterson will be responsible for the company’s overall financial operations. He will manage the strategic direction of the firm’s accounting and finance departments by developing policies, procedures and financial controls; ensure the accuracy of internal and external reporting; identify investment opportunities; and s

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Technology Finance Mortgages Development 391

Inman

JUNE 25, 2024

The Sonoma County-based Prosper Team brings five agents to Coldwell Banker — and joins the brand just days after another high-performing industry pro made a similar move.

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Branding Industrial Agents Brokerage 150

Housing Wire

JUNE 25, 2024

The Consumer Financial Protection Bureau (CFPB) this week announced the approval of a new rule that aims to govern “current and future applications of complex algorithms and artificial intelligence used to estimate the value of a home.” The rule specifically targets automated valuation models (AVMs), according to an announcement from CFPB Director Rohit Chopra and deputy director Zixta Martinez.

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Finance Technology Mortgages Design 386

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Agents

Inman

JUNE 25, 2024

Software company RentSpree closed on its sixth Lone Star State MLS partnership by inking a deal with SABOR, the San Antonio Board of Realtors.

MLS 153

MLS Closing Property Management Technology 153

Housing Wire

JUNE 25, 2024

Stamford, Connecticut -based independent brokerage NewBridge International Realty Group is affiliating with Coldwell Banker Realty , according to an announcement on Tuesday. “We are thrilled to welcome branch NewBridge International Realty Group to Coldwell Banker Realty,” Jennifer McCoy, vice president of Coldwell Banker Realty in Stamford, said in a statement.

Brokerage 382

Brokerage Agents As-is Marketing 382

Inman

JUNE 25, 2024

Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans. Nonbank lenders have already made inroads into the business.

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Equity Banks Mortgages Loans 134

Housing Wire

JUNE 25, 2024

The number of homebuyers who enjoy the process of getting a mortgage might be able to be counted on one hand. And while taking out a six- or seven-figure loan is probably never going to be fun, Rocket Mortgage has a plan to at least make it easier. The country’s largest mortgage lender announced a partnership on Tuesday with Instabase , an artificial intelligence (AI) company that specializes in unstructured data.

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Mortgages Loans Technology Lending 380

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.

Agents

Inman

JUNE 25, 2024

By providing comprehensive support and fostering a culture of continuous improvement, Manny Solis writes, teams empower their agents to excel in a competitive market while delivering exceptional service to their clients.

Agents 156

Agents Marketing 156

Brownstoner

JUNE 25, 2024

Almost two years after Willoughby Avenue’s historic Jacob Dangler mansion was torn down during a landmarking review process, sending many neighbors into mourning, Willoughby Avenue and Hart Street locals were jubilant today after the city’s Landmarks Preservation Commission voted unanimously to preserve their blocks of predominantly late 19th century Neo-Grec… Read More > The post Locals Celebrate Creation of Bed Stuy’s Willoughby-Hart Historic District appeared first on Brownsto

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Inman

JUNE 25, 2024

Find out how South Florida luxury Realtor Darin Tansey learned that there's always a chance to make dreams come true in real estate.

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Agents 160

Bigger Pockets

JUNE 25, 2024

A comprehensive move-out checklist for landlords: Learn how to communicate with tenants, conduct inspections, and handle security deposits effectively.

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Inspection Property Management 121

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents