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.

Brokerage 459

Brokerage Agents Industrial Sales 459

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.

MLS 310

MLS 310

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.

MLS 434

MLS Equity Sales Investor 434

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.

282

282

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.

Industrial

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.

Brokerage 397

Brokerage Agents Closing Sales 397

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.

283

283

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.

Brokerage 224

Brokerage 224

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.

Agents 415

Agents As-is Industrial 415

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.

Equity 170

Equity MLS Sales Industrial 170

Housing Wire

JUNE 25, 2024

Mortgage rates have leveled off in the past week, according to data on HousingWire ‘s Mortgage Rates Center. The average 30-year rate for conforming loans sat at 7.08% on Tuesday, unchanged from one week ago, while the 15-year rate rose 1 basis point to 6.63% during the week. There has been considerable downward movement in rates over the past few months after the 30-year rate peaked at 7.58% in early May.

Mortgages 412

Mortgages Marketing Loans Sales 412

Advertisement

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.

Brokerage

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 161

Investor Marketing 161

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.

Marketing 421

Marketing Industrial Closing Mortgages 421

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.

Brokerage 160

Brokerage MLS Agents 160

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.

Finance 389

Finance Technology Mortgages Design 389

Advertisement

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.

Agents

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 151

Marketing Mortgages 151

Housing Wire

JUNE 25, 2024

Baby boomers and members of Generation X are staying in their homes for longer, which may be due to the high level of emotional attachment they have in their homes. This is according to a new report from Opendoor , which describes emotional attachment to the home as “an oft-ignored consideration in real estate decision-making for those aged 55 and up.

Staging 392

Staging As-is Marketing Mortgages 392

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.

Brokerage 140

Brokerage Agents Marketing 140

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.

Seller concession 383

Seller concession Staging Finance Closing costs 383

Advertisement

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.

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 136

Agents Marketing 136

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.

Technology 383

Technology Brokerage Agents As-is 383

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.

Equity 134

Equity Banks Mortgages Loans 134

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.

Due diligence 380

Due diligence MLS Sales Brokerage 380

Advertisement

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

Not sure what to say to buyers and sellers about the way compensation works today? Bernice Ross offers insights from Accredited Buyer Representative instructor Rhonda Hamilton.

MLS 133

MLS Brokerage Agents 133

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.

Lending 351

Lending Banks Renovation Loans 351

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.

Branding 133

Branding Industrial Agents Brokerage 133

Housing Wire

JUNE 25, 2024

The Mortgage Bankers Association (MBA) this week submitted a letter to congressional leaders in the U.S. House of Representatives and U.S. Senate , urging them to endorse full funding for Ginnie Mae in order to ensure maximum liquidity for the government-backed corporation’s mortgage-backed securities (MBS) issuers. In addition to the MBA, signatories on the letter include the Community Home Lenders of America (CHLA), the Housing Policy Council (HPC), the National Association of Realtors (NAR),

Mortgages 347

Mortgages VA loan FHA loan Loans 347

Advertisement

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.

Brokerage

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 141

MLS Closing Property Management Technology 141

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

Technology 342

Technology Finance Mortgages Development 342

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

128

128

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 318

Brokerage Agents As-is Marketing 318

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