Wed.Mar 27, 2024

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NAR wants VA to change rules that prohibit veteran buyers from paying broker commissions

Housing Wire

The National Association of Realtors (NAR) urged the U.S. Department of Veteran Affairs (VA) to revise its policies that ban veterans from paying broker commissions, an issue that is gaining attention following the NAR’s landmark $418 million settlement. Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price.

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California homeowners face another insurance company pullout

Real Estate News

State Farm, which stopped issuing new homeowner policies in the state last year, will no longer renew existing policies starting in July.

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Renters gain financial edge over homebuyers in key U.S. markets: Realtor.com

Housing Wire

As first-time homebuyers contemplate their housing options, the financial calculus between renting and owning is essential. Against the backdrop of elevated mortgage rates and soaring home prices , discerning the evolving financial dynamics between renter-friendly and buyer-friendly markets is also paramount. A report released Tuesday by Realtor.com highlights a significant disparity in costs between buying and renting a starter home across the country’s 50 largest metropolitan areas.

Marketing 488
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Herding the commissions copycats: Judges to hear arguments

Real Estate News

Even as settlements continue to roll in, a panel of judges will hear arguments tomorrow about merging the remaining buyer agent commission lawsuits.

Agents 259
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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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Reverse-centric Ibis Software appoints Sivori to board of directors

Housing Wire

Reverse mortgage software and calculator provider Ibis Software announced this week that it appointed Robert Sivori, a reverse mortgage industry veteran, to its board of directors. Sivori’s role became effective March 1, according to an announcement distributed to RMD by company president Jerry Wagner. “Bringing a wealth of experience from the reverse mortgage industry, Sivori joins Ibis Software as a director, poised to contribute significantly to the company’s strategic growth initiatives,” th

Equity 458
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Single Women Are Embracing Homeownership

Keeping Current Matters

In today's housing market, more and more single women are becoming homeowners.

Marketing 332

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Buyer agents: Explain yourselves

Real Estate News

Brokerages and agents need to communicate exactly how they serve buyers, just as they do for sellers — and what value those services bring to clients.

Agents 237
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Figure Technology Solutions takes another step to become public

Housing Wire

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , took another step this week to become a public company, just one week after announcing a reorganization of its enterprise structure. On Wednesday, the company said it “has confidentially submitted a draft registration statement” with the U.S. Securities and Exchange Commission (SEC) regarding the proposed initial public offering of its equity securities.

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Northwest MLS criticizes DOJ commissions stance

Real Estate News

The 35,000 member multiple listing service calls the DOJ’s statement of interest an “ill-informed” interpretation of its compensation practices.

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Clear Capital extends its partnership with Cherre

Housing Wire

Clear Capital , a real estate valuation technology company, has broadened its collaboration with data management platform Cherre , the companies announced on Wednesday. Under the expanded partnership, Cherre’s customers will gain access to ClearAVM, Clear Capital’s automated valuation model (AVM), through Cherre’s advanced programming interface (API).

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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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William Raveis celebrates 50 years with an official state proclamation

Inman

Governor Ned Lamont on Wednesday proclaimed March 27 "William Raveis Day" in Connecticut as the brokerage celebrated 50 years of service with an unforgettable anniversary bash.

Brokerage 185
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In quest to grow reverse business, US Mortgage Corporation hires Krajewski

Housing Wire

New York-based multichannel lender US Mortgage Corporation is expanding its efforts in the reverse mortgage space, illustrating its focus on growth. The company recently hired reverse mortgage industry veteran Ken Krajewski to serve as its managing director and head of reverse mortgage lending. US Mortgage recently surpassed 30 years in business. The expansion of its dedicated reverse lending division, which has been active for more than a decade, follows on other recent trends that have seen mo

Mortgages 451
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7 crisis management tips for handling commission uncertainty

Inman

The critical difference between survival and downfall during turbulent times, such as the commission lawsuits, is effective crisis management, Keller Williams' Julia Lashay Isreal writes.

As-is 180
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Kelly Davids named president of The Appraisal Foundation

Housing Wire

The Appraisal Foundation this week named Kelly Davids, former superintendent of the Ohio Division of Real Estate and Professional Licensing, as its new president. Davids, who has been a foundation staff member since 2013 as a senior vice president, is also a former foundation trustee and has served various roles in Ohio politics over the past 40 years.

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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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Mortgage rates are chasing Treasury yields lower — for now

Inman

With a key inflation report due Friday, mortgage rates and long-term Treasury yields have retreated to levels not seen in two weeks after Fed signals it could ease up on "quantitative tightening.

Mortgages 183
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Judge denies HomeServices’ motion to decertify the class in Sitzer/Burnett suit

Housing Wire

HomeServices of America , the remaining defendant in the Sitzer/Burnett commission lawsuit , suffered another blow on Tuesday. In a filing, Judge Stephen Bough, who oversaw the Sitzer/Burnett trial in Oct. 2023, denied the HomeServices defendants’ motion to decertify the class. HomeServices of America first filed its motion to decertify the class in early January 2024.

As-is 441
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Dr. Shani Mott spent her last days fighting for housing equality

Inman

The Baltimore homeowner succumbed to cancer before she could celebrate a landmark appraisal bias win. She's part of a long legacy of Black homeowners who've died while fighting for their rights.

Banks 180
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11 real estate events & conferences to help you thrive in 2024

Housing Wire

It’s no secret that forging new connections at in-person events can help to grow your business. Nothing sets you up for success like learning the habits and best practices of more experienced agents, brokers and other housing professionals. While your online presence is crucial to your success, each real estate event or conference on our list can help you stay current with the latest market, tech and industry trends, build your skills and expertise, and expand your referral network.

Agents 416
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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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Compass brings on Atlanta’s Beacham & Company

Inman

Glennis Beacham founded the former indie brokerage in 2006 after growing her career over the course of more than two decades to become one of Atlanta's top luxury agents.

Brokerage 176
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Opinion: Why real estate agents shouldn’t worry about commission changes

Housing Wire

Snakes. Vultures. Con artists. Liars. These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” And before getting my real estate license in 2009, I had the same opinion, too. But even with all the negative nouns used to describe some real estate agents, the majority of real estate agents are professional and valuable.

Agents 343
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$188M Palm Beach estate — the city’s priciest — goes into contract

Inman

The estate sits alone on its own 2.3-acre man-made island, and went into contract on Monday. The negotiated price and the buyer's identity are still unknown.

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How to Write Off Your BPCON Travel as a Business Expense

Bigger Pockets

For business travel to be tax-deductible, you need to leave your tax home. This is where you ordinarily conduct business, and you typically have to travel far enough to warrant an overnight stay (100 miles is a good rule to follow).

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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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Nepo Babies grow up as data points to new phenomenon: Nepo Buyers

Inman

Thirty-six percent of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday.

Loans 170
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Market Madness: 10 College Markets That Are Great for Cash Flow

Bigger Pockets

With the college sports season’s thrilling climax, this is also an exciting time for real estate investors who own rentals in college towns that are being given a high profile.

Marketing 130
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LoanDepot settles high-profile appraisal bias lawsuit filed in 2022

Inman

Lender revises appraisal policies and practices in wake of lawsuit by Baltimore couple who claimed their home was undervalued by more than $250,000 because they were Black.

Lending 166
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Utilizing the 5 M’s for Multifamily Success in 2024 and Beyond

Bigger Pockets

This article is presented by DeRosa Group. Read our editorial guidelines for more information. Real estate investing, particularly in the multifamily sector, is both a rewarding and complex venture.

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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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How have your client conversations about commission changed? Pulse

Inman

On this week's Pulse, we want to know how your conversations about commissions with clients have shifted in the wake of commission lawsuits and settlements. Weigh in, and let us know!

Agents 161
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How Buyers and Sellers Can Successfully Navigate Home Inspection Results

RIS Media

A home inspection is a critical checkpoint when buying or selling a house. It sheds light on the property’s condition that might not be visible to the naked eye. For buyers, it’s a safeguard against unforeseen expenses. It represents an opportunity for first-time sellers to rectify problems and enhance the home’s appeal. Preparing for the… The post How Buyers and Sellers Can Successfully Navigate Home Inspection Results appeared first on RISMedia.

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Value over discount: 8 tips for navigating post-NAR settlement

Inman

Explore how to transcend discounting and enhance value in response to the NAR settlement with strategic consultant Chris Pollinger.

Agents 182
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Op-Ed: ‘Remember When…’ May Be a Reality, but Not a Negative for the Best REALTORS®

RIS Media

No matter how the whole commission landscape shakes out going forward after all the legal issues are settled, there is no question that the buyer agent/client relationship has been changed forever. Whether that’s a good thing won’t be determined for a long time. But truth be told, as usual, the strong will survive. As mob… The post Op-Ed: ‘Remember When…’ May Be a Reality, but Not a Negative for the Best REALTORS® appeared first on RISMedia.

Agents 124
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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.