Fri.Sep 13, 2024

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How agents can thrive in a recession: 7 tips from a KW mega broker

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. At the recent Keller Williams Mega Agent Camp , the shaky economy was a common topic of conversation. Most people used hushed tones and euphemisms to describe the “softening market” or “economic uncertainty”, but Gary Keller didn’t mince words: a recession is not only possible, but likely.

Agents 448
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Curbio to pay $7.5 million to settle lawsuit

Real Estate News

The pre-sale renovation company, which got early support from NAR, also will change its marketing and be more transparent about its deals with agents.

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FHA proposes updates to partial claim payoff statements

Housing Wire

The Federal Housing Administration (FHA) this week published a newly proposed Mortgagee Letter on its Single Family Drafting Table , which would align mortgage borrowers and originators in their understanding of how much is owed on a partial claim. Partial claims are designed to offer assistance to mortgage borrowers who have fallen behind on their monthly payments, allowing them to become current without impacting the terms of their original loan.

Loans 456
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Checklist for Getting Your House Ready To Sell

Keeping Current Matters

Getting your house ready to sell? Here are a few tips on what you may want to do to prepare.

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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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How a D.C.-based reverse mortgage assistance program was revived

Housing Wire

At the end of August, the District of Columbia Housing Finance Agency (DCHFA) announced that it had relaunched its Reverse Mortgage Insurance & Tax Payment Program (ReMIT), which originally began in 2019 and expanded in 2020 before being halted at the end of 2021. Tikisha Wilson, director of single-family programs at DCHFA, sat down with HousingWire ’s Reverse Mortgage Daily (RMD) to offer details about the program’s revival, what made it possible and the kind of assistance it seeks to provi

Mortgages 455
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Exclusive listings on the MLS? Here’s how Bright is doing it

Real Estate News

The nation’s second-largest multiple listing service has been making it easier to enter the data (and keep it private). Is this the wave of the future?

MLS 226

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‘Unfiltered’: ‘Smashing the system’ won’t benefit buyers

Real Estate News

Watch the conversation with Gary Acosta, CEO of NAHREP, as he offers a candid view of the NAR settlement, which he says gives sellers power — but at great cost.

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Realtor.com hires seasoned marketing pro Christine Jacobson as SVP

Housing Wire

Realtor.com has hired an experienced entrepreneur for its marketing team, as Christine Jacobson has joined the company as senior vice president of B2B marketing. “We’re thrilled to welcome Christine to the Realtor.com team,” Mickey Neuberger , the company’s chief marketing officer, said in a statement to HousingWire. “She brings extensive agent/broker empathy and connection to the industry, given her 20-plus years experience being a Realtor herself.

Marketing 434
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Investors’ expectations for big Fed rate cut rise on new data releases

Inman

Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's "dot plot" says about expectations for the pace of future cuts.

Investor 199
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Mortgage software firm LenderLogix hires sales expert Ben Head

Housing Wire

Buffalo, New York-based mortgage technology firm LenderLogix , a top provider of point-of-sale (POS) and automation software for independent mortgage banks , commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive. Head will be responsible for expanding the firm’s market share as he moves over from Enact Mortgage Insurance , where he served for 12 years as a strategic accounts representative.

Sales 429
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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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Tech Bytes: News from Restb.ai, @properties, MetroList and Lundy

Real Estate News

Expansion connects Restb.ai’s vision tools to nearly three-quarters of a million MLS members; productivity-focused Pipeline added to @properties “pl@tform.

MLS 171
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The real estate agent’s theory for handling objections with relative ease

Housing Wire

We are all faced with objections, but what sets you apart from your competition is how you handle those objections. Here are my proven strategies on how to anticipate and understand objections, turning them into opportunities to strengthen your negotiating position. People get stuck They reach out to you because they have an interest in buying or selling real estate , but then they get stuck because it’s a big scary process.

Closing 429
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Meet Emmy-nominated reality TV star and agent Mercedes Javid

Inman

The Emmys were Sunday night, and "The Traitors" was nominated. Get to know cast member, former star of Bravo’s "Shahs of Sunset" and 20-year real estate veteran Mercedes "MJ" Javid.

Agents 187
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Virginia Realtors CEO Terrie Suit is retiring

Housing Wire

Terrie Suit, who served as CEO of Virginia Realtors for the past 11 years, has announced her retirement, according to a company announcement on Friday. Virginia Realtors, which has a membership base of 38,000, named Martin K. Johnson as its interim CEO. Johnson has previously served as its senior vice president of advocacy, chief lobbyist and chief external affairs officer.

Lending 411
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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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Rocket is first mortgage lender to raise its conforming loan limits

Inman

Rocket will treat loans of up to $802,650 as conforming ahead of expected increase. Last year UWM and Guaranteed Rate also got a jump on the official announcement.

Loans 187
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Ryan Serhant talks life after Netflix and brokerages in a post-settlement world

Housing Wire

Ryan Serhant and his brokerage SERHANT. are riding a sugar high thanks to the success of “Owning Manhattan,” the Netflix show that followed Serhant and his agents around New York as they shopped some of the priciest properties in the city. The show has been renewed for a second season and Serhant says it will begin filming in a few weeks. HousingWire real estate reporter Jeff Andrews sat down with Serhant to talk about the show, how it changed his life and the brokerage, and what he sees coming

Brokerage 397
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Second-home mortgages decline amid economic uncertainty

Inman

U.S. homeowners are showing less interest in taking on second-home mortgages, as elevated prices and economic jitters make these properties less appealing, Redfin reported on Thursday.

Mortgages 169
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Appraisal Institute CEO fired following “secret” board meeting

Housing Wire

Cindy Chance, the CEO of the Appraisal Institute , was terminated during what she described as a “secret board meeting” on Thursday night that she was excluded from. The Appraisal Institute now faces a backlash from members who support Chance , a veteran nonprofit leader who joined roughly a year ago and pledged to make governance reforms and support the work of on-the-ground appraisers.

Equity 353
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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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Brad Stein on the rise, fall and lasting appeal of the Austin market

Inman

An influx of high-earning workers and new multifamily units has put Austin developers in a unique position, the Intracorp Homes executive said ahead of Inman Connect Austin.

Marketing 166
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Do Presidential Elections Impact the Housing Market?

RIS Media

Conventional wisdom has held that the housing market slows in the months leading up to a presidential election. However, data over the past three decades show that there’s no notable impact on the housing market in election years. Could this year be different? So far, the 2024 presidential election cycle has been unusual by many… The post Do Presidential Elections Impact the Housing Market?

Marketing 132
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Hot topics: New tech, remote work, evolving luxury markets, and more

Inman

Join Inman in Austin for a distinguished gathering of 400 real estate pros to forge meaningful connections in a collaborative environment, and get answers to the most common questions real estate experts are being asked right now.

Marketing 160
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Curbio Pays $7.5M, Agrees to Practice Changes in D.C. Lawsuit Settlement

RIS Media

Curbio, the Maryland-based pre-listing renovation company that offers pay-later services for home sellers upgrading or repairing their homes, is settling a lawsuit filed by the Attorney General of the District of Columbia that accused the company of violating consumer protection laws through “systematically” deceiving homeowners with its practices and marketing.

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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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Bethenny Frankel asks $5.995M for Bridgehampton home

Inman

After upgrading to a larger home in Southampton last year, the "RHONY" alum is selling the Bridgehampton property that she has owned since 2013.

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2024’s Best Time to Buy Fast Approaches, Realtor.com® Reports

RIS Media

For agents still looking for a boom in their business in 2024, fear not! This year’s best time to buy looks to be the first week of October, according to a new report from Realtor.com®. Realtor.com’s 6th annual Best Time to Buy report predicts that Sept. 29 – Oct. 5 is going to be 2024’s… The post 2024’s Best Time to Buy Fast Approaches, Realtor.com® Reports appeared first on RISMedia.

Agents 124
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@properties adds business planning tool to tech suite

Inman

The in-house developed "Pipeline" automatically pulls client and property information from pl@tform to help agents track progress of current and prospective deals in real time and compare that progress with their personal goals.

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What Is a Home Appraisal and How Does It Impact Your Home Sale?

HomeLight

“What’s my home worth?” That’s the million-dollar question throughout the home sale process. Unfortunately, not everyone will agree on the answer. Sellers disagree with their agents about the home’s worth when setting a list price. Buyers haggle with sellers over the valuation while negotiating their offer. The buyer’s lender may not agree to the negotiated offer if the appraisal of the property comes back lower than the agreed-upon price.

Sales 111
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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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Clear Cooperation, winning offers, transparency truth: Inman Top 5

Inman

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 153
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Finding a Luxury Real Estate Agent: Top 4 Qualities To Look For

HomeLight

If you own a luxury home, it’s safe to say you are accustomed to some of the finer things in life, so your luxury real estate agent should meet elevated expectations. To successfully sell luxury real estate, the agent must create an unforgettable experience for the buyer. This requires innovative marketing plans and tools , superb social skills, creative storytelling abilities, and expert insight into the housing market.

Agents 111
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Inman Power Wheels: Elite 8 best agent autos go head-to-head

Inman

Inman's Power Wheels bracket contest rolls on with the top eight best ride options for real estate agents on the move.

Agents 161
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Real Simple Home Transforms Grand Crown Heights Brownstone

Brownstoner

An impressive Crown Heights brownstone in need of renovation bought long ago by a Brownstoner reader has been given new life for this year's Real Simple Home. The show house opened to the public Thursday and runs through this weekend. Not a few Brownstoner readers glimpsed the house when Adam Dahill… Read More > The post Real Simple Home Transforms Grand Crown Heights Brownstone 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.