Tue.Oct 08, 2024

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Big-name brokerages among those accused of income-based discrimination in California

Housing Wire

A housing watchdog group has filed more than 100 complaints that target more than 200 defendants for allegedly discriminating against potential housing applicants who sought to use Section 8 housing vouchers to secure a dwelling. In 2019, California Gov. Gavin Newsom (D) signed a bill into law that bars “housing discrimination, including discrimination through public or private land use practices, decisions, or authorizations, based on specified personal characteristics, including source of inco

Brokerage 492
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Why we have Clear Cooperation — and why we should keep it

Real Estate News

In the first of a 2-part series, NextHome CEO James Dwiggins explains the history of NAR’s policy and warns of the legal consequences of eliminating it.

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Yale doctors offer physical, mental health tips for aging in place

Housing Wire

A panel of experts with the Yale School of Medicine this week offered tips for aging in place , giving service to both physical health while addressing the social and emotional well-being of older people who seek to stay in their homes as they get older. Research from multiple sources has shown that older people have an overwhelming preference to age in place in their current homes.

As-is 446
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MLS Milestones: Data shares in Texas, plus a new buyer agreement tool

Real Estate News

Three major Texas MLSs — Unlock, HAR and SABOR — agree to share data; REcore unveils new compliance product for buyer agents; Stellar subsidiary goes global.

MLS 229
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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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Tampa housing market comes to a halt as Hurricane Milton looms

Housing Wire

The weather in Tampa on Tuesday morning could not have been better — temperatures in the low 80s and partly cloudy skies. But it’s not going to stay that way. Hurricane Milton — currently a Category 4 storm — is scheduled to make landfall in Tampa late Wednesday or early Thursday. The strength of the storm has prompted officials to call for an evacuation, one that has already had a stark impact on the city’s housing market.

Marketing 451
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Why Now’s Not the Time To Take Your House Off the Market

Keeping Current Matters

Has your house been sitting on the market longer than expected?

Marketing 272

More Trending

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Reffkin: Restrictive NAR and MLS rules eliminate seller choice

Inman

Compass founder and CEO Robert Reffkin writes that Clear Cooperation and mandatory disclosures undermine seller choice and put them at risk of the unintended consequences of a mass exposure of property details.

MLS 183
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Propy partners with Inspectify to streamline home inspections

Housing Wire

Real estate technology platform Propy is now enabling its users to handle property inspections without leaving its app. The San Francisco -based Propy has formed a partnership with property inspection platform Inspectify , according to a joint announcement on Tuesday. Through this strategic partnership, Inspectify will be directly integrated with Propy’s platform— and users can access the features immediately.

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Will agents actually call you back?

Inman

What happens if the listing agent won’t return your phone calls? Compliance expert Summer Goralik has the answers you need. Don't let another agent’s unresponsiveness stand in your way.

Agents 180
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Real estate coaching expert teaches new-school negotiation tactics for commission agreements

Housing Wire

In this week’s episode of the RealTrending podcast , host Tracey Velt sits down with Debbie De Grote, founder of leading real estate and business coaching company Forward Coaching. The duo explore strategic negotiation skills in the modern real estate market and best practices for agents in adapting to the new rules mandated by the industry-changing settlement from the National Association of Realtors (NAR).

Agents 433
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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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A fixture of Texas Realtor groups narrows in on ethics in real estate

Inman

Broker Romeo Manzanilla spoke to Inman ahead of his appearance at Connect Austin on Oct. 9 about raising professionalism in the real estate industry in the wake of NAR settlement changes.

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West Penn MLS, Howard Hanna dismissed from Moratis commission lawsuit

Housing Wire

West Penn MLS finally got its way in the Moratis commission lawsuit. Despite having opted into the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR), Judge William S. Stickman IV, who is overseeing the Moratis suit in the Western District of Pennsylvania, refused to stay the case for the MLS.

MLS 431
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5 ways to create strong boundaries and transform your business

Inman

Are you finding it increasingly difficult to protect your time and energy in your real estate business? Coaches Melanie Klein and Emily Bossert write that boundaries are the foundation for thriving.

Agents 179
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Redfin looks to arbitrate or dismiss video privacy suit

Housing Wire

Redfin is taking a stand against the video privacy lawsuit filed against it by Guillermo Mata. On Monday, the brokerage firm filed a motion to compel arbitration or, alternatively, to dismiss the suit. Originally filed in late June in the U.S. District Court for the Southern District of California , the suit accuses Redfin of violating the Video Privacy Protection Act (VPPA) and the California Invasion of Privacy Act (CIPA) by allegedly sending consumers’ personally identifiable data — includin

Brokerage 434
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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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Howard Hanna dismissed from Pennsylvania commissions case

Real Estate News

West Penn MLS was also dismissed, with the judge ruling there was no evidence of a conspiracy between the parties to fix rates.

MLS 177
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Why low inventory is the perfect time to build

Housing Wire

As the housing market fluctuates, inventory levels are a critical factor for builders, developers and buyers. While low inventory might seem like a challenge, especially for buyers, it presents a unique opportunity for builders. The following explores how low inventory impacts the competitive landscape and the advantages of building in such an environment.

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Ending Clear Cooperation is a win for big brokers — and no one else

Inman

According to Redfin CEO Glenn Kelman, big brokerages have a vested interest in getting rid of Clear Cooperation, even at the expense of agents and consumers.

Brokerage 172
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Ginnie Mae’s Sam Valverde on the mission of the reverse securities program

Housing Wire

Ginnie Mae has taken a far more active role in the reverse mortgage industry over the past two years, stemming from the failure of a major industry lender that threatened liquidity for other major players in the space. The government-owned company has long overseen the Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) program, through which reverse mortgages are securitized and sold to investors.

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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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Commission suit against Howard Hanna, MLS tossed on the merits

Inman

The homeseller suit known as Moratis alleged a West Penn MLS commissions-related rule violates antitrust laws, but unlike a similar NAR rule, the former expressly allows offers of zero dollars.

MLS 166
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Qualia launches Bank Partner Network for title company customers

Housing Wire

Real estate software provider Qualia is looking to improve how it serves its title company customers. On Tuesday, the firm announced the launch of the Qualia Bank Partner Network. The banks in the network include BankUnited , Capital Bank , Citizens , Encore Bank and Emigrant Bank. Through the network, Qualia said it hopes to help the title and escrow companies on its platform in reducing operational costs and “increasing efficiency and security via robust bank integrations.

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NextHome CEO James Dwiggins takes on Clear Cooperation critics

Inman

In a LinkedIn post Tuesday, Dwiggins claimed brokerage leaders fighting to repeal the pocket listing rule are concealing an agenda to hoard listings, recruit agents and generate internal leads.

Brokerage 165
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Mortgage rates move higher, but refis are returning to healthier levels

Housing Wire

After a lengthy decline precipitated by lower inflation , a cooling labor market and hints of a Federal Reserve policy change , mortgage rates appear to have bottomed out for now. According to HousingWire ‘s Mortgage Rates Center , the average 30-year conforming fixed rate dropped to 6.23% on Sept. 27. That was the lowest figure of the year, but it has increased to 6.31% as of Tuesday.

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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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Realtor.com claims former editor violated federal act in new filing

Inman

Two weeks after California District Judge George H. Wu denied its preliminary injunction request against CoStar, Move has filed a new motion claiming former Realtor.com News & Insights editor James Kaminsky violated the 1986 Computer Fraud and Abuse Act when he accessed Move-owned documents roughly 40 times after being laid off in January.

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Patios Continue to Crowd Out Decks on New Homes

Eye on Housing

While the share of new homes with patios continues to climb, the share with decks has hovered at a historic low of under 18%, according to NAHB tabulation of data from the HUD/Census Bureau Survey of Construction (SOC). Every year from the re-design of the SOC in 2005 through 2018, over 22% of single-family homes.

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With cash and CLEAR partnership, 100 takes on renter fraud

Inman

A New York City-based software company for the multifamily industry, called 100, has emerged from stealth mode with a $5.2 million seed round of financing.

Finance 166
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How Much Do You Need for Early Retirement? (How to Calculate Your FI Number)

Bigger Pockets

What’s your financial independence number (FI/FIRE number)? Are you being too conservative, or are you cutting things close? Do you even have one?

Closing 127
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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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Isaac Lustgarten leaves Official for The Corcoran Group

Inman

The luxury broker is the latest to leave embattled Official in the wake of multiple lawsuits alleging the Alexanders committed rape and sexual assault. Lustgarten has closed more than $250 million in career sales.

Closing 156
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Webinar Recap: How to Scale Your Team to Reach 9-Figure Sales Volume Success

RIS Media

In the latest RISMedia webinar—“Fundamentals of Success in 2024”—panelists Jason Mitchell, founder of Jason Mitchell Group and real estate broker, Heather McColaugh, the top performing agent on the BF Realty team and RISMedia’s 2023 Midwest Region Rookie of the Year, and James Wexler, the owner of Wexler Realty Group, discussed their insights and strategies needed… The post Webinar Recap: How to Scale Your Team to Reach 9-Figure Sales Volume Success appeared first on RISMedia.

Sales 111
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How to choose the right broker for you: Facts for every new agent

Inman

Ready to begin your career? Trainer Bernice Ross writes that your choice of brokerage is an important one, so here's how to make the right decision.

Brokerage 154
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Will There Be a Deep Freeze as the Seasons Turn?

RIS Media

Is it possible we see a surge in home listings this winter? According to different sources, the possibility is very real. In at least two different locales, some agents have visceral expectations that this winter season will be far more active than usual. The pending election, coupled with the Federal Reserve’s recent interest rate cut,… The post Will There Be a Deep Freeze as the Seasons Turn?

Agents 111
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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.