Mon.Apr 15, 2024

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GSEs will not count buyer agent commissions as IPCs

Housing Wire

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees.

Agents 532
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Ways To Use Your Tax Refund If You Want To Buy a Home

Keeping Current Matters

Have you been saving up to buy a home this year?

Mortgages 349
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As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?

Housing Wire

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. If this scenario unfolds, analysts and executives will be ready to update their baseline expectations for 2024, including fewer refinance and purchase loans than previously forecast.

As-is 482
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Supreme Court to HomeServices: Sitzer/Burnett verdict stands

Real Estate News

The brokerage lost its bid to have the verdict tossed out, leaving it with fewer options as the lone defendant in the landmark commissions case.

Brokerage 279
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Reuters: Reverse mortgages can help caregivers avoid ‘raiding’ savings

Housing Wire

As older people increasingly express their preference to age in place in their own homes, family members will oftentimes be required to provide some semblance of care for their loved ones in later life. Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters.

Mortgages 476
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How the MLS has endured, and what the future holds

Real Estate News

In the third of a three-part series, RESO CEO Sam DeBord explains why rules are critical to the MLS and how shifts in the industry influence MLS functions.

MLS 276

More Trending

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No quick judgment for home sellers in commissions case

Real Estate News

The judge in Sitzer/Burnett declined the plaintiffs’ motion to enter a $5.4 billion award, saying other motions and settlements need to be finalized.

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Profit-sharing lawsuits continue to pile up on Keller Williams

Housing Wire

Keller Williams was named to an additional class-action lawsuit this week that takes issue with alterations made to the brokerage’s profit-sharing program. In the past few weeks, 11 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza and Jack Levine — took legal action against the real estate brokerage by filing seven separate class-action lawsuits.

Brokerage 465
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LA nets biggest deal yet this year at $62.8M for spec mansion

Inman

The European-style home is located in the Hollywood Hills' coveted Bird Streets. The sale marks a breakthrough for a market that's been crippled by high interest rates and a mansion tax.

Sales 198
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High mortgage rates are fueling strong inventory growth

Housing Wire

We saw a big jump in mortgage rates last week. The 30-year fixed rate mortgage, according to the HousingWire Mortgage Rates Center , is now over 7.2% — that’s 50 basis points above where we were at the start of the year. At that time, most of the voices in the media assumed that mortgage rates had peaked and would fall by now. But the U.S. economy continues to be powerfully strong and with each new economic data release, it seems less likely that we’ll see the Federal Reserve cut short-term inte

Mortgages 459
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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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Will lawsuits end 6% commissions? Probably not, 1 law professor says

Inman

A provision in NAR's settlement barring listing agents from offering buyer agents compensation is "largely symbolic," USC professor Jordan Barry said Friday at a University of Minnesota conference.

Agents 192
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Origins: From managing restaurants to reverse mortgage partnerships

Housing Wire

In the late 2000s, Ryan Schmidt was a restaurant manager with no real understanding of the reverse mortgage product. It wouldn’t take long for that to change, however, and Schmidt now serves as the vice president of partner engagement at Finance of America Reverse (FAR), the reverse mortgage industry market leader in the U.S. No single reverse mortgage professional takes the same path into the business, and in the latest edition of RMD’s “ Origins ” feature series, we sit down with Schmidt to le

Mortgages 448
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AJ Canaria Creative Services joins LeadingRE Solutions Group

Inman

Global real estate network Leading Real Companies of the World (LeadingRE) has added photography services provider AJ Canaria Creative Services to its Solutions Group, a family of industry vendors it champions to its 550 members.

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REcolorado MLS CEO on the power of data and the MLS

Housing Wire

Gene Millman, president and CEO, REcolorado The value of the MLS cannot be understated. REcolorado has strategically boosted that value with a focus on building a trusted, cooperative, and comprehensive real estate marketplace to position customers for success. With the real estate industry adjusting to the National Association of Realtors commission lawsuit settlement agreement , the importance of a tried and trusted MLS business partner is undeniable.

MLS 448
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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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Lessinger: Bottom line, RE/MAX settlement was ‘a great decision’

Inman

Inman caught up with RE/MAX LLC President Amy Lessinger to discuss her first few months on the job and her vision for the road ahead.

Brokerage 186
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Q2 AgentPulse survey: Low inventory is greatest challenge

Housing Wire

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey. The survey, which was conducted between the end of March and early April, garnered 138 respondents: 34 from the Northeast, 29 from the Southeast, 21 from the Midwest, 38 from the Southwest and 16 from the Northwest.

Agents 448
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3 ways to lead by example — and focus on what you can control

Inman

Want to increase your impact and improve your business? New Inman contributor Amy Hullet says the key is taking a genuine interest in people and getting out there to meet them where they are.

MLS 183
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NAMB partners with Roomvu on digital marketing efforts

Housing Wire

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. The new partnership will make digital marketing easier for NAMB members to market their services with automation tools to create content and distribute newsletters, the association said.

Marketing 438
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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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Ditch generic marketing: Convey your value with storytelling

Inman

Forget the infographics, lists and pie charts, broker Teresa Boardman writes. Instead, tell a compelling story about how you've helped your clients.

Marketing 183
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A&D Mortgage revamps its partner portal

Housing Wire

Wholesale lender A&D Mortgage unveiled a new and enhanced version of its partner portal, Artificial Intelligence in Mortgage, or AMI, on Monday. The AI -powered portal integrates advanced technologies into A&D Mortgage’s existing partner portal. It notably features a more intuitive user interface, seamless point-of-sale integration, and robust compliance and data security measures.

Mortgages 353
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Coldwell wins St. Louis agent Laura MacDonald back from Compass

Inman

MacDonald is the latest agent to boomerang back from a previous brokerage amid intense competition. In 2023, while an agent at Compass, she closed approximately $20 million in sales volume.

Agents 183
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How to Assess the Financial Stability of an HOA

RIS Media

Understanding a Homeowner Association’s (HOA) financial stability is crucial for maintaining property values and ensuring residents’ high quality of life. Key examination elements include reserve funds, special assessments and financial planning. Reserve funds cover significant repairs and replacements, special assessments address unforeseen expenses and financial planning ensures long-term stability.

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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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Federal courts hand HomeServices a win (and a loss) in Sitzer | Burnett

Inman

The U.S. Supreme Court denied the real estate franchisor's request for consideration on Monday, but the plaintiffs won't be able to lay $4.7 billion in damages at HomeServices' feet — at least not yet.

Brokerage 182
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Will We Buy Homes in Bitcoin Someday? I Don’t Think So, and Why You Shouldn’t Either

Bigger Pockets

I don’t invest in Bitcoin because I am betting on the continuation of Western civilization, not its collapse or decline.

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Recruiting War ’24: For brokerages, headhunt pivots to cream of crop

Inman

Agent headcount — once a ubiquitous barometer of brokerage success — has faded, interviews and new Inman Intel Index results reveal. Instead, focus has shifted to "the better and best agents.

Brokerage 179
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Home Prices in Pittsburgh Are Up 22%, Making It The Fastest Gainer in the U.S.—Here’s Why Prices There are Exploding

Bigger Pockets

Pittsburgh has the hottest housing market in the country. Who knew?

Marketing 132
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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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3 ways to help homeshoppers engage more with your listings

Inman

More home listings will mean more competition. Stand out by using virtual tours, staging and advanced technologies such as Apple Vision Pro and the Zillow Immerse app.

Staging 174
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Beyond the Mailbox: Innovative Direct Mail Strategies That Win in Today’s Market

Bigger Pockets

This article is presented by DealMachine. Read our editorial guidelines for more information.

Marketing 131
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Instead of cutting rates, what if the Federal Reserve raises them?

Inman

Mortgage rates have already reclaimed much of the territory ceded last year and are poised to continue rising this week as inflation continues to run hot.

Mortgages 173
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Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary

Bigger Pockets

Should I pay off my rental property or reinvest? How do I replace my six-figure salary with cash flow from real estate investing?

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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.