Fri.Mar 29, 2024

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CMLS looks to weigh in on the DOJ’s statement of interest

Housing Wire

The Council of Multiple Listing Services is joining Northwest MLS in filing a motion to request that it can file an amicus curiae brief in the Nosalek commission lawsuit. In its motion filed on Wednesday, CMLS said its amicus curiae brief is in repsonse to the Department of Justice’s statement of interest which was filed in early February in relation to the proposed settlement agreement reached by the Nosalek plaintiffs and defendant MLS Property Information Network in July 2023.

MLS 459
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Outdoor Projects Can Boost Curb Appeal When You Sell [INFOGRAPHIC]

Keeping Current Matters

In real estate, a good first impression is key. If the outside of a house looks welcoming, more people will want to come in and see it.

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Opinion: What is the public actually getting for $7.3B in housing subsidies?

Housing Wire

Federal Home Loan Bank reform is in the air in Washington D.C. The White House recently endorsed a plan to double FHLBanks’ mandatory contributions to affordable housing programs from 10 to 20% of their net income, following a recommendation by the Federal Housing Finance Agency. And the Coalition for Federal Home Loan Bank Reform , a group that I chair and started as a small group of D.C. insiders, has become a true coalition of nine national organizations representing hundreds of thousands

Banks 465
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What every real estate professional needs to know about the MLS

Real Estate News

In the first of a three-part series, RESO CEO Sam DeBord explains what an MLS is — and what it isn't — and how definitions of the MLS can vary.

MLS 265
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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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What a tech entrepreneur has discovered about reverse mortgages

Housing Wire

Anna Frankowska was recognized in 2017 as one of Forbes’ “ 30 Under 30 ” in Europe, having studied economics in London before moving to work in investment banking. A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance.

Mortgages 470
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Down payments, cash offers rise in response to interest rates

Real Estate News

Despite a less competitive market for buyers, cash remains king — not to win bidding wars, but to avoid inflated financing costs.

Finance 249

More Trending

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Opendoor: We’re ‘built for’ post-settlement world

Real Estate News

In a blog post, CEO Carrie Wheeler said the NAR deal and rule changes would be a boon for the company: “We’ve never been so optimistic about the future.

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Doma agrees to sell to Title Resources Group

Housing Wire

Publicly traded real estate technology company Doma Holdings has entered into a definitive agreement to sell to title insurance underwriter Title Resources Group (TRG) and become a private company. Over the past year, the Max Simkoff-helmed firm has made its goal of becoming adjusted EBITDA profitable in 2023 widely known but failed to hit this mark.

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Association of more than 200 MLSs blasts DOJ ‘flaws’ in Nosalek case

Inman

The Council of Multiple Listing Services, a trade group of about 225 MLSs, united with Northwest MLS on Wednesday to pen amicus briefs exposing alleged flaws in the DOJ's statement of interest.

MLS 203
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HUD seeks public comment on updates to reverse mortgage documents

Housing Wire

The U.S. Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register. Two key documents are at the center of the proposed changes.

Mortgages 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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Barbara Corcoran on the $418M NAR settlement: It’s ‘not a big deal’

Inman

Corcoran told Yahoo! Finance she doesn't believe the effects of the settlement will be as earth-shattering as many make them out to be, but that "the confusion it's causing is amazing.

Finance 202
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Rocket Companies names chief accounting officer

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , promoted Noah Edwards as the firm’s chief accounting officer. Edwards will replace Brian Brown, who had assumed the CAO position in addition to being the company’s chief financial officer and treasurer. As chief accounting officer, Edwards will receive a base salary of $358,000. He will be eligible for other compensation and benefits provided to similarly situated team members, according to an 8-K filing with the U.S.

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Will uncertainty drive agents out? Maybe — but don’t let it be you

Inman

After the National Association of Realtor's proposed settlement, Coldwell Banker Realty President and CEO Kamini Lane offers 3 tips for agents amid commission compression chaos.

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Proptech startup Courted grows its roster of brokerage partnerships 

Housing Wire

Courted has grown its roster of customers since its launch in 2021 and is within three months of reaching and sustaining profitability, the company announced on Friday. Co-founded by Sean Soderstrom, Dan Breitbach and Joe Urciuoli, the proptech company sells an AI-powered software platform to help real estate brokerages with their recruiting efforts.

Brokerage 420
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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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T3 Sixty nixes this year’s Mega 1000 list in wake of NAR settlement

Inman

The move comes two weeks after the National Association of Realtors signaled a $418M settlement of commission lawsuits. T3 Sixty said it will bring the ranking back when litigation is resolved.

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CFPB takes a closer look at consumer mortgage complaints

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this week released its 2023 Consumer Response Annual Report , offering an overview of consumer complaints in a variety of industries overseen by the bureau. While much of the report suggests “a continued increase in credit or consumer reporting complaints, with more than one million of these complaints being sent to the three nationwide consumer reporting companies,” the mortgage industry demonstrates general reactivity to the feedback, according t

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The ‘Chick-fil-A on Sunday’ ChatGPT listing presentation plan

Inman

Follow this step-by-step blueprint from Jimmy Burgess, and your listing appointments will be like Chick-fil-A on a Sunday — closed.

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Scammers Are Using AI Deepfakes to Steal Millions of Dollars, Including Real Estate—Here’s How You Can Protect Yourself From Fraud

Bigger Pockets

Earlier this year, a group of scammers in Hong Kong used deepfake technology to steal more than $25 million from a company by impersonating its CFO. Real estate titles are already subject to fraud, and with AI tech, it could get even worse. Here's how to protect yourself.

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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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Lawsuits, Compass, commission: Inman’s Top 5 stories this week

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 180
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FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores

Calculated Risk Real Estate

Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit scores and current loan-to-value (LTV) from the FHFA’s National Mortgage Database through Q4 2023 (released this morning). Current Outstanding Mortgage Rates Here is some data showing the distribution of interest rates on closed-end, fixed-rate 1-4 family mortgages outstanding at the end of each quarter since Q1 2013 through Q4 2023.

Mortgages 129
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Market Madness: 10 College Housing Markets That Buy-and-Hold Investors Should Consider

Bigger Pockets

These college markets might not have skyrocketing price or rent growth, but they certainly have long-term strength. From Tuscaloosa to Austin, long-term investors should look into these 10 housing markets.

Investor 126
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Renovations and Improvements That Give Home Sellers High Return on Investment

Maximum Exposure Real Estate

What Renovations Should I Make at My House Before Selling? Are you wondering about the best renovations for ROI and resale? If so, you are wise to do so. Many potential homeowners never give it a second thought. Many sellers assume that any renovations or repairs they do to their house will automatically increase the […] The post Renovations and Improvements That Give Home Sellers High Return on Investment appeared first on Maximum Real Estate Exposure.

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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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Industrial Real Estate Investing: A Guide for Modern Investors

Bigger Pockets

Real estate investments are available in many shapes and sizes, including industrial real estate investing. This is not the most common form of real estate investing, but it has a lot of potential when done right, and can be a great opportunity to diversify your investments.

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What’s the Sales Comparison Approach for Home Appraisals?

HomeLight

As you prepare to sell your home, your first big question will likely be, “What will be my listing price?” This is a tightrope decision that requires just the right balance, and it starts with knowing your home’s value. To find the Goldilocks price point, most real estate agents use the sales comparison approach. In this post, we’ve asked two top real estate experts to share insights on how this approach plays a key role in your home sale, how it works, and another pricing option you might need.

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Will Uncertainty Drive More Agents Out of Real Estate? Maybe – But Don’t Let It Be You.

Coldwell Banker

"Real estate agents are essential to helping people realize their true dreams of homeownership." - Kamini Lane, president and CEO, Coldwell Banker Realty The post Will Uncertainty Drive More Agents Out of Real Estate? Maybe – But Don’t Let It Be You. appeared first on Coldwell Banker Blue Matter.

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5 Flat Fee MLS Companies in Pennsylvania

HomeLight

Selling your Pennsylvania home on your own, known as For Sale By Owner (FSBO), can be a lot of work, but it could save you money when it comes to paying the commission costs associated with hiring a real estate agent. However, one way to get the most out of selling your home on your own, is hiring a flat fee MLS listing service. These services will grant you access to the Multiple Listing Service in your market without a conventional real estate agent, which could increase your home’s visibility

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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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Leaving Seattle because of housing costs? We want to hear from you

Seattle Times Real Estate

If you left town in search of a more affordable home, or if you are giving it serious thought, we'd like to hear your perspective.

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4 Flat Fee MLS Companies in New Mexico

HomeLight

If you’re considering selling your New Mexico home without the help of a real estate agent, you may want to use a flat fee MLS listing service to reach potential buyers. This approach allows for sale-by-owner (FSBO) sellers to list their homes in the local multiple listing service (MLS) without requiring the traditional real estate agent involvement.

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When Did the Recession Start?

Marco Santarelli

The onset of a recession in the United States is officially determined by the National Bureau of Economic Research (NBER), which defines a recession as “a significant decline in economic activity spread across the economy, lasting more than two quarters which is 6 months , normally visible in real gross domestic product ( GDP ), real income, employment, industrial production, and wholesale-retail sales.” When Did the Recession Start in the US?

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6 Flat Fee MLS Companies in Oregon

HomeLight

If you’re considering selling your Oregon home without the help of a real estate agent, you may want to use a flat fee MLS listing service to reach potential buyers. A flat fee MLS company helps for-sale-by-owner (FSBO) sellers list their homes in the local multiple listing service (MLS) without spending the money to hire a real estate agent. In this article, we will explain the pros and cons of using a flat fee MLS service, which listing services are available in Oregon, how they work, an

MLS 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.