Mon.Jun 24, 2024

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DOJ launches formal inquiry into California Association of Realtors’ standard forms

Housing Wire

The forms the California Association of Realtors provides its members are the subject of a formal inquiry by the Department of Justice , according to an email the trade group sent to “industry leaders” on Thursday, obtained by HousingWire. In the email sent by Melanie Barker, the president of CAR and Sara Sutachan, the senior vice president and chief strategy officer at CAR, Barker and Sutachan noted that CAR issues new and updated standard forms every June.

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Deal in place to sell REcolorado to private equity firm

Real Estate News

The associations that own the 16th-largest MLS surprised its leaders with a deal that “scared the absolute hell out of us,” REcolorado’s vice chair said.

Equity 327
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Mortgage rates aren’t deterring every buyer: Bright MLS

Housing Wire

Mortgage rates continue to hover around 7%, as they have since the latter half of 2023 when the Federal Reserve stopped raising benchmark rates. While the conventional wisdom is that high rates are choking the housing market, a new survey suggests it’s not as all-encompassing as one might think. Bright MLS — one of the nation’s largest multiple listing services that covers six Mid-Atlantic states and the District of Columbia — recently polled buyer and seller agents on what their clients a

MLS 418
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Sparring over MLS PIN settlement continues

Real Estate News

The plaintiffs argue that the proceedings should move forward, but the DOJ wants to delay approval of the deal until after NAR’s Nov. 26 settlement hearing.

MLS 236
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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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Mastering negotiations: Essential skills for real estate success

Housing Wire

With the increase in interest rates , and longer days on market causing buyers to hesitate, it’s now critical to brush up your negotiations skills. Whether you’re a seasoned professional or just starting out, mastering the art of negotiation is crucial for success. Our job as a great salesperson is to help people overcome their fear and hesitation to achieve the goal they have set.

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Housing Market Forecast: What’s Ahead for the 2nd Half of 2024

Keeping Current Matters

As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.

Marketing 234

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Tech Bytes: Inside Real Estate rebrands, Collabra expands reach

Real Estate News

Inside Real Estate pulls together kvCORE and other products into BoldTrail; Collabra joins CoreLogic Real Estate Alliance Network; and more tech news.

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DOJ weighs in on REX’s appeal of its suit against NAR and Zillow

Housing Wire

It appears the commission lawsuits are not the only legal action in the real estate industry that’s currently of interest to the Department of Justice. On Thursday, the DOJ filed an amicus curiae brief with the Ninth Circuit Court of Appeals, which is overseeing REX Real Estate’s appeal of its antitrust suit against the National Association of Realtors and Zillow.

MLS 397
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More listings, lower rates should boost 2025 sales: Fannie Mae

Inman

Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections.

Sales 190
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The Impact of HousingWire’s Insiders Award

Housing Wire

Nominations for the 2024 HousingWire Insiders award are open throughout the month of June. This prestigious award recognizes the operational leaders who are driving the growth and success of their organizations behind the scenes. Over the years, Insiders have shared how this recognition has positively impacted their careers and professional growth. Here’s what some of the previous honorees had to say about the recognition: “ Receiving the HousingWire Insiders award has profoundly impacted

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Broker-owned MLSs have forked over millions under NAR opt-in deal

Inman

The vast majority of more than 600 multiple listing services nationwide have chosen to opt in to the National Association of Realtors' commission settlement, according to a new Inman analysis.

MLS 187
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REsides opts out of NAR commission lawsuit settlement

Housing Wire

Hilton Head, South Carolina-based “borderless” MLS REsides is joining firms like MLS Property Information Network and Northwest MLS by not opting into the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. The non-Realtor-owned MLS announced its decision to opt out on Monday. MLSs had until June 18 to opt in to the settlement through a pathway negotiated by NAR as part of its agreement.

MLS 395
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9 easy social media content ideas to get you out of a summer slump

Inman

Want some fast, simple ideas for powering your marketing through a summer slowdown and pumping up the volume on your pipeline? Agent Johnathon Pressman has you covered.

Agents 180
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South River president on 2024 reverse mortgage industry’s competitive landscape

Housing Wire

Top 10 reverse mortgage industry lender South River Mortgage is aiming to focus on its strengths. In addition to offering a proprietary reverse mortgage product option and transitioning last year from a broker to a direct lender , the company is focusing on its core business while staying engaged with the broader industry dynamics. South River president Tyler Plack recently discussed the elements of business in the current market environment with HousingWire ’s Reverse Mortgage Daily (RMD).

Mortgages 387
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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.

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Realtor.com backs buyers’ agents for underrepresented groups

Inman

Recent legal changes have shaken up consumers’ perception of the crucial role buyers agency plays. Without a buyer's agent, consumers, especially those in underrepresented groups are at a very real risk of not achieving their homebuying goals.

Agents 170
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Seattle documents renovation programs, tax relief for aging in place

Housing Wire

The Seattle area is a hot housing market. According to Zillow , the average home price in the Emerald City is currently $884,828 , up 4.3% year over year. As home values have risen sharply, this has made the conundrum facing the area’s seniors more difficult to navigate: If they need to downsize, they may not be able to move into a home in their price range, much less be able to obtain a mortgage at a rate that can be easily absorbed on a fixed income.

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DOJ urges court to overturn judgment in REX v. Zillow

Inman

"The judge's decision created a loophole that could allow associations to sidestep antitrust scrutiny by cloaking restrictive rules as optional," the DOJ's filing states. The brief may give REX a new leg up in its case.

MLS 169
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Building stronger communities: A blueprint for a community-centric business

Housing Wire

In an era where businesses are increasingly expected to contribute to the well-being of their communities, finding the sweet spot between local engagement and national growth can feel like an impossible challenge. However, tailoring your business model to resonate with the communities you serve builds trust and unlocks benefits such as heightened brand visibility and sustained growth.

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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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KW team lead hosts first-ever Pride event in Canyon County, Idaho

Inman

Keller Williams team leader and LGBTQ+ Real Estate Alliance founding member Tom Wheeler hosted Canyon County, Idaho's first-ever Pride event on June 9. Here's the story of how the 4,000-person event came to life.

Agents 164
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Engel & Völkers settles in commissions case

Real Estate News

The global brokerage reached an agreement with home sellers last week, according to a court filing.

Brokerage 190
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How a top agent knew it was time to build a team

Inman

Every productive real estate professional follows a unique path to success. For some, it’s in the company of like-minded go-getters who share the same passion for achieving goals. That’s where real estate teams come into play.

Agents 164
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How to Price a Condo Correctly

RIS Media

Pricing a condo correctly is essential for a successful sale. I will guide you through detailed, actionable steps to ensure your condo is priced right. You will learn the following information which will help you price your condominium appropriately based on the current real estate market: How to conduct a comprehensive market analysis. The importance… The post How to Price a Condo Correctly appeared first on RISMedia.

Sales 139
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Intel Broker’s Guide: How to pry recruits from indies, franchises

Inman

It's tough to recruit from franchises, but that's where opportunity may lie, according to an analysis of Intel responses from 610 agents. Intel helps craft the right pitch to draw agents mulling a pivot.

Agents 163
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The American who built a supersized Japanese aerie from abandoned parts

Seattle Times Real Estate

As he completes his nature-centric compound in Kamakura, Japan, Brian Heywood is spearheading a fight to roll back climate change laws in his home state of Washington.

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Judge denies stay order after plaintiffs argue against NAR deal

Inman

Attorneys for the plaintiffs in a case now known as Moratis stress that NAR's proposed settlement won't stop "a key element of the antitrust conspiracy" and might take years to go into effect.

MLS 170
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Affordable Housing Lottery Opens for Wavy East ‘Burg Building With $933 Units

Brownstoner

An affordable housing lottery has opened for 35 apartments in a curvy development on the corner of Metropolitan and Bushwick avenues in East Williamsburg. The nine-story, 136-unit building at 828 Metropolitan Avenue has risen on the site of one of the many former gas stations in Brooklyn that have been… Read More > The post Affordable Housing Lottery Opens for Wavy East ‘Burg Building With $933 Units appeared first on Brownstoner.

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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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Thinking bigger: How to expand your reach into new markets

Inman

Agents are seeking new strategies to grow their businesses and provide enhanced value to their clients. One such approach is exploring different business models, including the co-ownership of vacation homes. Marnie Blanco, Pacaso, and Josh Dotoli, Compass, sit down to share insights on how agents can effectively expand their reach in this week's new Inman Access class.

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DOJ Seeks Ban of ‘Indirect’ Commission Rules, Alleges Antitrust in Optional NAR Policies

RIS Media

Despite offering a cautiously positive assessment of the settlement struck by the National Association of REALTORS® (NAR) late last month, Department of Justice (DOJ) antitrust regulators are signaling they will push for more changes to real estate rules outside the significant shifts already looming for the industry. In three separate moves, lawyers for the DOJ… The post DOJ Seeks Ban of ‘Indirect’ Commission Rules, Alleges Antitrust in Optional NAR Policies appeared first on RISMedia.

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10 Best Beach Towns for Short-Term Rental Investment

Marco Santarelli

Buying a beach house is a fantasy for many, conjuring images of sandy toes and crashing waves. But some take that dream a step further, envisioning a steady stream of rental income rolling in to offset the costs of ownership, or even turn a profit. Renting out a beach house on platforms like Airbnb and VRBO can be a lucrative strategy, but not all beach towns are created equal.

Investor 110
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Three’s a Company: Denver Trio Team Growing Strong Via Teamwork, Talent and Tenacity

RIS Media

From left, Scotta Larsen, Wendy Bowen and Jill Weisswasser The Denver Trio Team began almost 10 years ago with three women who share the same passion for real estate. Hailing from Iowa, Michigan and Minnesota, they possess what they like to call “that Midwest work ethic and kindness,” believing strongly in building relationships and doing… The post Three’s a Company: Denver Trio Team Growing Strong Via Teamwork, Talent and Tenacity appeared first on RISMedia.

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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.