Housing Wire

MARCH 15, 2024

The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. The story was first reported by the New York Times. NAR’s legal counsel approved the settlement agreement early Friday morning. It has yet to be filed in court. Lawyers for the trade organization told the Times that they anticipate the settlement will be filed in the coming weeks, however it will still be subject to court approval.

Agents 540

Agents Industrial 540

Real Estate News

MARCH 15, 2024

As a part of its proposed settlement, NAR agreed to significant policy changes that will impact how all agents do business — and how buyer agents get paid.

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Agents 358

Housing Wire

MARCH 15, 2024

The National Association of Realtors (NAR) settlement of commission lawsuits nationwide is expected to force mortgage lenders and loan officers to find new ways of approaching listing agents and borrowers, give LOs a more significant role in the home-buying process, and encourage housing professionals to pursue dual-licensing, industry experts told HousingWire.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Real Estate News

MARCH 15, 2024

Top companies and MLSs outside the settlement can take part in a streamlined process to pay into a fund — but it could cost millions.

Brokerage 354

Brokerage 354

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Housing Wire

MARCH 15, 2024

Prospective homebuyers have more options to choose from in the housing market, which could help spur sales this spring. Mortgage demand has been on the rise for two weeks in a row. Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday.

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Real Estate News

MARCH 15, 2024

The settlement, which still requires court approval, adds a new rule prohibiting offers of broker compensation on the MLS.

MLS 324

MLS 324

Keeping Current Matters

MARCH 15, 2024

With the number of new listings going up and average days on market going down, buyers may have more options, but will still want to move fast.

Days on market 324

Days on market Marketing 324

Housing Wire

MARCH 15, 2024

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $2,109 on each loan they originated in the fourth quarter of 2023, according to the Mortgage Bankers Association (MBA). The loss is almost double the reported loss o f $1,015 per loan in the third quarter and marks the seventh consecutive quarter of net production loss.

Loans 468

Loans Banks Mortgages Sales 468

Real Estate News

MARCH 15, 2024

Opinions on the settlement range from concern that it will “spell disaster” for buyers to optimism that the quality of agent services will improve.

Agents 321

Agents 321

Housing Wire

MARCH 15, 2024

Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 trillion, the third quarterly fall in the last year. This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.

Equity 459

Equity Finance Mortgages Industrial 459

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Industrial

Real Estate News

MARCH 15, 2024

Court documents outline a payment schedule and a series of rule changes, including the elimination of offers of compensation through the MLS.

MLS 265

MLS 265

Housing Wire

MARCH 15, 2024

Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology , as chief marketing officer (CMO). Holtz will drive unified marketing and communications strategies to advance Optimal Blue’s business priorities and further extend the company’s influence, Optimal Blue said on Friday. Sara Holtz “I am energized by the opportunity to build on the company’s momentum to drive meaningful transformation for Optimal Blue’s valued clients an

Mortgages 448

Mortgages Technology Investor Loans 448

Inman

MARCH 15, 2024

NextHome CEO James Dwiggins, Strategic Officer Keith Robinson and Ed Zorn, the California Regional MLS general counsel, tackle NAR's big settlement. Stream it live, exclusively at Inman.

MLS 203

MLS Brokerage Industrial Agents 203

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. And why not? In times of depressed revenue, it makes sense to seek any and all reasonable paths to revenue. In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion.

Commercial 448

Commercial Brokerage Due diligence Title 448

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Brokerage

Inman

MARCH 15, 2024

Two dog attacks just weeks apart have highlighted the danger agents face. Before you knock, safety trainer Tracey Hawkins says you need a safety plan.

Agents 174

Agents 174

Housing Wire

MARCH 15, 2024

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move. He shed light on why now was the right time to move into an ownership role at the lender, what he hopes to accomplish and the place the reverse mortgage product will continue to play in the company’s

Purchase and sale agreement 447

Purchase and sale agreement Equity Loan Officer Mortgages 447

Inman

MARCH 15, 2024

Finding the harmony between tradition and innovation in luxury real estate, Mauricio Umansky writes, is about tapping into time-honored practices while still leaving room for improvisation and creativity.

Brokerage 172

Brokerage Agents 172

Bigger Pockets

MARCH 15, 2024

The NAR will pay $418 million in damages and remove its 6% commission standard, which is major news for investors.

Investor 133

Investor 133

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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

MARCH 15, 2024

Watch the latest Inman Access class to hear top performers share their best practices for listing presentations and how to consistently win listings and build lasting relationships with clients.

Agents 168

Agents 168

Bigger Pockets

MARCH 15, 2024

The U.S. is short several million housing units, and the situation is only getting worse. Supply gaps continue to widen on a national and regional level, and 73 out of the largest 100 markets are experiencing shortages. What should investors expect going forward?

Investor 130

Investor Marketing 130

Inman

MARCH 15, 2024

Learn how Jackson Hole, Wyoming, luxury broker Latham Jenkins put together a marketing narrative that achieved extraordinary results.

Marketing 167

Marketing Branding Agents 167

Bigger Pockets

MARCH 15, 2024

In late 2022 and early 2023, private equity real estate investors sharply pulled back on funding.

Equity 130

Equity Investor 130

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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

MARCH 15, 2024

RealReports uses artificial intelligence to curate and categorize listing documents, data and insights, pulling from a wide range of sources for consumer-facing use in an array of sales environments, but especially listing presentations and home search.

Sales 167

Sales Technology 167

RIS Media

MARCH 15, 2024

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the Primary Mortgage Market Survey® from Freddie Mac, last updated Thursday, March 14, 2024, the 30-year mortgage rate sits at 6.74%, while the 15-year mortgage rate currently stands at 6.16%.

Mortgages 126

Mortgages Industrial Marketing 126

Inman

MARCH 15, 2024

Ahead of the National Association of Realtors' commission settlements Friday, some agents are reevaluating their memberships and considering the American Real Estate Association instead.

Agents 165

Agents MLS Brokerage Mortgages 165

RIS Media

MARCH 15, 2024

Pillar To Post home inspection company has announced a complete brand refresh that is intended to provide new and existing franchise business owners with a more enticing and profitable franchise opportunity than ever before. The systemwide revamp is also intended to keep Pillar To Post on track with its anticipated growth goals. To expand its… The post Pillar To Post Launches Brand Refresh appeared first on RISMedia.

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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

MARCH 15, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 163

Brokerage Agents 163

RIS Media

MARCH 15, 2024

In what will certainly be one of the most important moments and choices in the history of organized real estate, the National Association of REALTORS® (NAR) has chosen to end its legal fight against a flood of commission lawsuits that have roiled the industry over the last five years, paying $418 million in damages and… The post NAR Settles Commissions Suits For $418 Million, Removes Commission Offers from MLS appeared first on RISMedia.

MLS 122

MLS Industrial Agents 122

Inman

MARCH 15, 2024

NAR would agree not to create rules that allow listing agents to set compensation for buyer brokers as part of the settlement. HomeServices of America not included in the deal.

Agents 161

Agents MLS Brokerage Marketing 161

RIS Media

MARCH 15, 2024

While economic signs remain strong and experts have a positive outlook, consumer sentiment saw a slight dip in March. The dip, however, is not any cause for concern, according to experts. Consumer sentiment decreased 0.5% in March, following a 0.8% increase in February and two large leaps back in January and December. “Consumer sentiment moved… The post Consumer Sentiment Dips Slightly in March appeared first on RISMedia.

Industrial 121

Industrial Marketing 121

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