Mon.Nov 25, 2024

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DOJ comes out against NAR commission lawsuit settlement

Housing Wire

There’s nothing quite like an 11th-hour twist. On Sunday evening, less than 48 hours before the National Association of Realtors ’ (NAR) commission lawsuit settlement agreement is set to head for final approval, the Department of Justice (DOJ) filed its long-awaited statement of interest in the Sitzer/Burnett suit. DOJ notes in the filing that it did not participate in the litigation or in the negotiation of the proposed settlement.

Brokerage 493
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DOJ’s 11th-hour statement on NAR deal elicits strong reactions

Real Estate News

Industry insiders quickly weighed in on the agency’s Sunday filing, which suggested that the settlement won’t protect NAR from future antitrust action.

Insiders

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RiskSpan’s Chris Kennedy explores recapture strategies and MSR management tools for 2025

Housing Wire

In this HousingWire executive conversation, Chris Kennedy , Director of Sales and Business Development at RiskSpan , explores the key recapture strategies that lenders can follow to maximize profit in the 2025 real estate market. He stresses the importance of optimizing recapture workflows in the new market with new tools and strategies. Following that, Kennedy introduces RiskSpan’s unique strategies and tools.

Loans 309
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Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash

Keeping Current Matters

One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today.

Equity 195
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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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FHFA releases GSEs’ three-year plans to improve housing access in underserved communities

Housing Wire

The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas. Key pillars of the plans include bolstering access in rural communities, looking to manufactured housing as an instrument to bolster supply, and addressing liquidity needs for first-time homebuyers.

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Trends 2025: Compass, eXp and how the big keep getting bigger

Real Estate News

Consolidation has become common in residential real estate as MLSs, teams and brokerage companies strive to win by leveraging economies of scale.

More Trending

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Reffkin ‘mischaracterizes’ Clear Cooperation study

Real Estate News

Do more than a third of consumers really prefer private listings? The answer is not so simple, says the CEO of 1000watt, which produced the report.

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To achieve homeownership, Americans need stability

Housing Wire

The current start-stop cycle facing American homebuyers and sellers shows no sign of relenting. The cycle continued in May, as inflation eased more than expected, dropping to 3.3% from the 3.4% annual increases seen in March and April. These positive signs were followed by a long-awaited dip in mortgage rates, which fell for four consecutive weeks through the end of June.

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Buyer-broker agreement may limit how brokers compete, DOJ warns

Inman

Ahead of a final Nov. 26 approval hearing on NAR's proposed class-action settlement, DOJ lawyers narrowed in on a provision requiring written agreements between buyers and agents before tours.

Agents 112
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Retirees are stressed about spending their savings, study finds

Housing Wire

After spending their entire career in the “accumulation” phase of wealth building, retirees who then have to transition into the “decumulation” phase — spending down their assets with no additional employment income — is a source of stress for nearly half of American retirees. This is according to a study conducted by the Alliance for Lifetime Income.

Staging 195
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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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After accident, Utah Realtor raises alarm over kids at home showings

Inman

Some parents enjoy having children involved in the decision-making process of buying a home by accompanying them on showings. But is it worth the risk? One Utah-based Realtor says no.

Agents 95
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Buying a home is growing even less affordable

Housing Wire

With relentlessly high mortgage rates and stubbornly high home prices, the mortgage payment on the median priced home in the U.S. is now back up above the 2023 and 2024 levels for the first time since August. Affordability is getting worse for homebuyers this fall. That does not bode well for home sales in the new year. We saw two signals that buyers are backing off in the face of mortgage rates.

Mortgages 195
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The big players sneakily winning the sluggish 2024 housing market

Inman

This year has been tough on real estate. But investors think several major companies have done enough to boost their standing — and box out key competitors.

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Affordable Housing Lottery Opens for Fort Greene Tower With Units From $750

Brownstoner

An affordable housing lottery has opened for a new 21-story, 294-unit tower blocks away from Fort Greene Park, with apartments starting at $750 a month. The lottery for the 99 Fleet Place Apartments includes 76 units, all rent stabilized and income restricted, 62 of which could be deemed truly affordable. Those… Read More > The post Affordable Housing Lottery Opens for Fort Greene Tower With Units From $750 appeared first on Brownstoner.

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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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The Agency launches EastWest Abstract with Langdon Title

Inman

The newly launched affiliated title agency will streamline closings and increase efficiency for The Agency's New York-based clients and agents, the brokerage told Inman.

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DOJ Takes Issue With Buyer-Broker Agreements Ahead of Settlement Approval Hearing

RIS Media

Less than 48 hours before tomorrow’s long-awaited NAR settlement approval hearing, the U.S. Department of Justice (DOJ) has raised concerns about the buyer-broker agreements stipulated in the proposed settlement. On Sunday evening, the DOJ filed a Statement of Interest (SOI) in the Burnett v. NAR et al lawsuit, which clarified that the DOJ’s lack of… The post DOJ Takes Issue With Buyer-Broker Agreements Ahead of Settlement Approval Hearing appeared first on RISMedia.

MLS 80
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Floyd Mayweather Jr. buys large stake in former Versace Mansion

Inman

Floyd Mayweather Jr. will assume the majority of Eli Gindi's interest in the mansion, located at 1116 Ocean Drive, for an undisclosed amount, according to sources.

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The Essential Rental Property Maintenance Checklist for Landlords

The Close

Taking care of rental properties means keeping up with maintenance. Landlord responsibilities can become overwhelming, especially if you have multiple properties or are trying to keep up with seasonal changes. A rental property maintenance checklist will make things easier by tracking what needs to be done throughout the year. It’s also a great way to schedule tasks and outsource specific jobs to vendors so you don’t miss anything important.

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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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The portal wars are ‘like chess without a checkmate’: DelPrete

Inman

While portals spend billions to win their wars, Mike DelPrete questions whether it's possible for anyone to win on the ultimate metric: revenue.

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Brokers Benefit When Homesellers Improve Homes Before Selling

RIS Media

As a real estate broker, you know it’s important to get your clients’ homes sold quickly, for top dollar. One way to do this is to encourage them to fix up their homes before they put them on the market. There are many benefits to doing this. According to studies by the National Association of… The post Brokers Benefit When Homesellers Improve Homes Before Selling appeared first on RISMedia.

As-is 69
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CoStar-owned UK portal accused of making ‘misleading’ traffic claims

Inman

The portal wars in the UK are heating up, as CoStar-owned portal OnTheMarket (OTM) fights accusations of using "misleading" traffic data to dethrone competitor Zoopla as the second-most trafficked home search site in England, Scotland, Wales and Northern Ireland.

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NAR Settlement Plaintiffs Push Back on Law Professor’s Objections, but Finally Spell Out Prohibited Practices

RIS Media

Class-action plaintiffs in the $418 million landmark settlement with the National Association of REALTORS® (NAR) over real estate commissions finally spelled out specific prohibited real estate practices after a law professor’s latest objection to the settlement forced them to clarify their position. Tanya Monestier, a law professor at the University of Buffalo, doesn’t technically have… The post NAR Settlement Plaintiffs Push Back on Law Professor’s Objections, but Finally Spell Out Prohi

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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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Lesson Learned: Stay on top of the latest news in your market

Inman

Learn how NYC associate broker Maria Daou combines in-depth knowledge with personalized service to make a lasting impression on clients.

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Expert Investor Shares How He Made $100K with Just One Property

Bigger Pockets

Would you spend thirty hours finding a deal if it could make you over $100,000? Of course you would!

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Team Tactics: Bringing Fall Marketing to Your Team

RIS Media

REALTORS® are no strangers to marketing—it being an essential part of growing your business. Seasonal marketing, however, is not always everyone’s cup of tea. While marketing a team can be a bit of a different animal, tactics like seasonal marketing are tried and true, and can’t be ignored. The power of seasonally marketing cannot be… The post Team Tactics: Bringing Fall Marketing to Your Team appeared first on RISMedia.

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Good News For Investors—Commercial Real Estate is Finally Catching a Break

Bigger Pockets

The work-from-home phenomenon—incorporated during and after the pandemic—may be ending as more companies demand that workers return to the office. That’s good news for both corporate and residential landlords.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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NAR’s 2024 Migration Trends Report Sheds Light on Buyers’ Motivations to Move

RIS Media

The National Association of REALTORS® (NAR) has published a brand-new report tracking interstate migration of homebuyers during the year. The “2024 Migration Report” marks the first time that NAR has conducted the survey. Drawing on data from the U.S. Census Bureau, the report tracks which of the four major U.S. regions (Northeast, South, Midwest and… The post NAR’s 2024 Migration Trends Report Sheds Light on Buyers’ Motivations to Move appeared first on RISMedia.

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LonRes adds property reels to platform

Estate Agent Today

LonRes has added a new function for agents to upload video or property reels onto the business-to-business platform. A property reel loaded onto the LonRes platform can form part of a full traditional listing or standalone as a property listing in its own right.

Agents 60
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Thoughts on Leadership: Unselfish Thinking—A Cornerstone of Leadership in Real Estate

RIS Media

As we go through Thanksgiving weekend, a time traditionally reserved for gratitude and giving back, it’s an opportune moment to reflect on the concept of unselfish thinking and how it profoundly impacts both our personal lives and professional endeavors in the real estate industry. Lesson 1: Foster a culture of generosity Leaders who practice unselfish… The post Thoughts on Leadership: Unselfish Thinking—A Cornerstone of Leadership in Real Estate appeared first on RISMedia.

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How to Sell My House Fast in Knoxville: Cash Offer Options

HomeLight

If you’re a homeowner in Knoxville speeding toward a new chapter in life, you may be wondering, “How can I sell my house fast?” This situation is more common than you might realize in the Marble City market. Luckily, there are a myriad of effective strategies designed to help expedite the home-selling process. This guide will present you with the two most viable options to sell fast: requesting an immediate cash offer from an investor or partnering with a top-rated real estate

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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.