Tue.Aug 20, 2024

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Keller Williams launches resource guide for agents to navigate NAR settlement

Housing Wire

Keller Williams is doing its best to live up to its reputation as a brokerage firm heavy on agent education. On Monday, the firm announced the launch of an agent resource webpage known as “Buyer and Seller Agent Tools to Thrive.” The resource guide is focused on helping agents navigate the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement.

Agents 459
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Housing Market Decoded: Is prime shopping season about to hit?

Real Estate News

The pendulum is swinging in buyers' favor this fall. See which three trends could finally give them some leverage.

Marketing 295
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South Florida, a senior enclave, sees more people ‘unretiring’ due to living costs

Housing Wire

As the cost of living remains elevated, more seniors — even those in “senior strongholds” like South Florida — are choosing to return to work. This pattern among seniors living in and around Fort Lauderdale was recently profiled in an article in the South Florida Sun Sentinel. It falls in line with a broader national trend indicating that nearly 20% of Americans ages 65 and older remain in the workforce, totaling about 10.6 million people.

As-is 492
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How To Choose a Great Local Real Estate Agent

Keeping Current Matters

Selecting the right real estate agent can make a world of difference when buying or selling a home.

Agents 305
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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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Mortgage rates hold steady ahead of Powell’s Jackson Hole speech

Housing Wire

After dropping significantly during the first two weeks of August, mortgage rates have plateaued ahead of a key economic announcement on Friday. That’s when Federal Reserve Chair Jerome Powell is set to speak at the annual Jackson Hole Economic Symposium in Wyoming. Powell is expected to deliver an update on U.S. monetary policy to central bankers, economists and other financial market experts in attendance.

Mortgages 464
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Go (Mid)West — and East — for the hottest housing markets

Real Estate News

A suburb of Columbus, OH, once again tops Realtor.com’s ranking of the most wanted ZIP codes. Massachusetts, meanwhile, has three spots in the top 10.

Marketing 240

More Trending

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‘Unfiltered’: ‘Take the duct tape off’ and let leaders lead

Real Estate News

Watch the conversation with real estate media maverick Brad Inman as he shares his thoughts on NAR, transparency and the state of the industry.

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Balancing act: Jean-Laurent Pouliot on the challenges and opportunities in today’s market

Housing Wire

Understanding the forces creating the market is indispensable for lenders, real estate professionals, developers, and investors. In this executive conversation, we talk with Jean-Laurent Pouliot about current dynamics in the multifamily space, the impacts of federal policy, challenges posed by aging rental stock, and opportunities created by shifting demographic trends.

Marketing 445
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In lawns and on key chains, stealth commission offers raise red flags

Inman

Images that conceal commission offers, like a "3%" mowed into freshly cut grass, have become a phenomenon on message boards and online residential listings, according to an Inman analysis.

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Lower’s Randell Gillespie talks mortgage tech solutions and authentic leadership

Housing Wire

In the newest episode of the Power House podcast , HousingWire CEO Clayton Collins chats with Randell Gillespie, the chief production officer at Lower and a 2023 recipient of the HousingWire Vanguard Award. The duo dive into several topics, including Lower’s transformed culture and leadership structure following its acquisitions of Thrive Mortgage and Universal Lending.

Mortgages 438
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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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When is a buyer contract required? At showings — but not open houses

Inman

The National Association of Realtors' proposed settlement agreement requires brokers and agents to sign contracts with buyers they're "working with." But what exactly does that mean?

Agents 188
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BHGRE network expands presence in Washington state

Housing Wire

The Better Homes and Gardens Real Estate network has grown its presence in the Pacific Northwest. On Monday, Better Homes and Gardens Real Estate (BHGRE) Northwest Home Team announced its acquisition of Tacoma, Washington -based 253 Realty. The financial terms of the deal were not disclosed. 253 Realty was founded in 2013 by Shawn Viguerie. Prior to venturing out on his own, Viguerie served as a managing broker at another local firm.

Branding 438
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Change is here: Take the Inman Intel Index survey for August

Inman

The Inman Intel Index goes beyond sentiment and trends by tapping into the industry's most engaged community. Add your voice to real estate's most ambitious monthly survey today.

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Wells Fargo sells most of its commercial mortgage servicing to Trimont

Housing Wire

Wells Fargo has agreed to sell most of its commercial mortgage servicing portfolio to Atlanta-based Trimont. The deal is expected to make Trimont the largest servicer of multifamily and commercial loans in the U.S. The transaction includes only Wells Fargo’s non-agency, third-party commercial mortgage servicing (CMS) business. The bank will keep its agency and government-sponsored enterprise ( GSE ) loans, as well as those held on its balance sheet.

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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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You’ve got mail: NAR settlement class notices head to consumers

Inman

Consumers will learn of the commission settlement via a website, emails and postcards. Claims from homesellers hoping to claim some of the settlement money are due by next May.

MLS 171
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ABA has ‘significant concerns’ with CFPB proposal to ban medical debt from credit reports

Housing Wire

The American Bankers Association (ABA) last week submitted a letter to the Consumer Financial Protection Bureau (CFPB) in which it expressed “significant concerns” about a proposed rule that would ban medical debt from appearing on consumer credit reports. The proposal would bar credit agencies from sharing such debt with mortgage lenders, who in turn would be prohibited from making lending decisions based on how this type of debt could impact an applicant’s financial situation.

Lending 411
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‘Business as usual’: Hiccups but few calamities as NAR rules roll out

Inman

New National Association of Realtors rules kicked in Saturday. By Monday, agents said they were fielding questions from clients, among other hurdles, but not seeing widespread chaos.

Agents 166
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Rate’s reverse mortgage leader talks growth through forward posture

Housing Wire

Ryan Ogata has been leading the reverse mortgage division at Rate — recently rebranded from Guaranteed Rate — for roughly a year, but the division has seen notable growth during that time. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), the company grew its endorsement volume by roughly 870% year to date through July, as noted by RMI’s Jon McCue in a recent interview with HousingWire ’s Reverse Mortgage Daily (RMD).

Mortgages 405
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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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The unmatched value of buyer agents in today’s market

Inman

Continue to raise the bar on client service, writes Huntington & Ellis CEO Craig Tann, and show clients why having a buyer’s agent isn't just a good idea — it's a necessity.

Agents 153
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That’ll do: Average IMB posts net profit of $693 per loan in Q2 2024

Housing Wire

Independent mortgage banks (IMBs) are finally seeing light at the end of the tunnel after two grueling, profitless years in the mortgage industry. IMBs and mortgage subsidiaries of chartered banks on average reported a pre-tax net profit of $693 on each loan they originated in the second quarter of 2024, an increase from a loss of $645 per loan in the previous quarter, according to the Mortgage Bankers Association (MBA).

Loans 324
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US home prices rise 0.2% in July, slowest growth since January 2023

Inman

The slow price growth is attributed to a shortage in housing inventory and limited buyer competition, according to a Redfin report published on Tuesday.

Marketing 166
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Solid Levels of Single-Family Built-for-Rent Construction

Eye on Housing

Single-family built-for-rent construction posted year-over-year gains as of the second quarter of 2024, as builders sought to add additional rental housing in a market facing ongoing, elevated mortgage interest rates. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 23,000 single-family built-for-rent (SFBFR) starts.

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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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Defiant Alexanders signal return to Official following cofounder exits

Inman

Tal and Oren Alexander are reportedly preparing a return to the public eye, now that Nicole Oge, Richard Jordan and Andrew Wachtfogel have left, despite ongoing lawsuits against the brothers.

Brokerage 150
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Op-Ed: Frustrations of a Large Brokerage Leader

RIS Media

I write this on the eve of the NAR proposed settlement rule change deadline. The same settlement which specifically excluded companies our size from coverage–those having sold more than $2 billion in residential real estate. We are dealing with it the best we can, but assuredly it has not been without a high degree of… The post Op-Ed: Frustrations of a Large Brokerage Leader appeared first on RISMedia.

Brokerage 122
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Got commission questions? This compliance expert has answers

Inman

Compliance expert Summer Goralik has the answers to some of Cara Ameer's questions from "13 more questions agents should ask about commission settlements" as we head into the post-settlement transition phase as an industry.

Agents 149
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A Fishy Musical Tale of Toxicity to Debut on the Gowanus Canal

Brownstoner

From the murky waters of the Gowanus comes a tale of toxicity in song, with a new musical set to debut on the contaminated waters this month. Taking inspiration from the history of the waterway, the story of displacement and pollution will be staged from the shores and on the… Read More > The post A Fishy Musical Tale of Toxicity to Debut on the Gowanus Canal appeared first on Brownstoner.

Staging 121
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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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ReAlpha’s ‘super app’ dangles commission-free buyer agency

Inman

Publicly traded real estate software company reAlpha Tech Corp (AIRE) has shipped what it’s calling a “super app” that will provide a free solution for end-to-end homebuying representation.

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Closing Costs in Wisconsin: A Guide for Sellers

HomeLight

Are you curious how much it will cost to sell your home in Wisconsin? You’ll need to factor closing costs into your potential profit. Closing costs are the various fees and expenses that you, as a seller, need to account for when finalizing your home sale. These can range from the loan payoff amount to real estate agent commissions. In Wisconsin, these costs are typically paid out of your sale proceeds, and they can affect how much you take home after selling your property.

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The Agency’s ‘Buying Beverly Hills’ fails to renew for third season

Inman

The Netflix show reportedly failed to renew because of factors surrounding number of views versus cost of production.

Brokerage 171
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A Data Profile of NAHB Remodelers

Eye on Housing

In the latest 2023 NAHB member census, 21% of NAHB builder members listed residential remodeling as their primary business. These remodelers tend to be relatively small, with a median of five employees and a median annual revenue of $1.8 million. They are thus even smaller than NAHB builder members in general, who had a median.

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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.