Housing Wire

AUGUST 12, 2024

There are just five days to go until the business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement , but the trade association is not out of the lawsuit woods just yet. In a lawsuit filed on Monday by Douglas Hardy, Glenn Champion and Dylan Tent in U.S. District Court for the Eastern District of Michigan , the plaintiffs claim the requirement that all Realtors and brokers in Michigan be member of NAR, their state Realtor

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Real Estate News

AUGUST 12, 2024

The plaintiffs say they shouldn’t have to join NAR and other associations to access the MLS, especially if buyer-broker compensation is no longer guaranteed.

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MLS Agents 337

Housing Wire

AUGUST 12, 2024

More evidence is emerging that the recent decline in mortgage rates is prompting more borrowers to refinance. In its July 2024 Market Advantage report released on Monday, mortgage technology firm Optimal Blue reported that refinance demand, measured by the level of locked loans, grew to its highest point since September 2022. Data from HousingWire ‘s Mortgage Rates Center shows that rates were in the midst of an upswing in September 2022, with the average rate for 30-year conventional loan

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Loans Lending Mortgages Technology 475

Keeping Current Matters

AUGUST 12, 2024

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

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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.

Industrial

Housing Wire

AUGUST 12, 2024

Piggyback mortgages — those involving a first and second lien at origination — are on the rise among first-time and low- to moderate-income borrowers who face affordability challenges. This is according to a CoreLogic report published on Monday. The share of piggybacked Federal Housing Administration (FHA) home purchase loans rose by more than seven percentage points from June 2022 to June 2024, going from 10.8% to 18%.

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Loans FHA loan Equity Closing costs 475

Real Estate News

AUGUST 12, 2024

Saturday is the first day consumers can get details about their settlement options — and is a critical day for agents who want to be covered by NAR’s deal.

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Real Estate News

AUGUST 12, 2024

Despite market headwinds and uncertainty around practice changes, NAR membership has remained resilient, with big gains in Washington state.

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Agents Marketing 246

Housing Wire

AUGUST 12, 2024

Many brokerage firms are trepidatiously moving to a model with no cooperative compensation in light of the impending business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. Peter Voss at 3% Listing Co. is wondering what took them all so long to make the switch. Voss founded the Iowa-based 3% Listing Co. in 2023.

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Real Estate News

AUGUST 12, 2024

A real estate watchdog supplemented recent recommendations from the Consumer Federation of America with additional do’s and don’ts for buyers and sellers.

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Housing Wire

AUGUST 12, 2024

Rural parts of the U.S. have roughly 35% fewer home health aides to assist their aging populations than urban areas do. This is according to research from the University of Minnesota as cited by the Population Reference Bureau (PRB), a private nonprofit research organization that receives funding from the U.S. Census Bureau. Researchers found that rural areas average 32.8 home health aides per 1,000 older adults, while urban areas average 50.4 of these workers per 1,000 older adults.

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As-is 467

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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.

Brokerage

Inman

AUGUST 12, 2024

The plaintiffs protest "compulsory" Realtor membership to access the MLS after the removal of "the guaranteed broker commission" from the MLS.

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MLS Agents Brokerage 200

Housing Wire

AUGUST 12, 2024

Realty ONE Group is making moves in Florida. The firm announced on Friday the affiliation of Florida-based MVP Realty Associates. Derek Carlson, the founder, CEO and broker of MVP Realty Associates, has been named CEO and broker of the new Realty ONE Group MVP. The firm has 10 offices and more than 1,200 agents throughout the state. “Joining Realty ONE Group MVP is not just a career milestone — it’s a strategic move towards empowering Realtors in a dynamic and forward-thinking enviro

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Inman

AUGUST 12, 2024

A survey of hundreds of real estate agents suggests that "steering" based on commissions used to be rare. After the Aug. 17 deadline, it may become ubiquitous — but with buyers in the driver's seat.

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Agents Brokerage 180

Housing Wire

AUGUST 12, 2024

California -based HighTechLending , a top-10 lender in the reverse mortgage industry, recently announced that it was rebranding its wholesale channel to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers. One of the ways the company aims to continue making a name for itself in the space is by taking a “boutique” approach to its customer service and partner relationships.

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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

AUGUST 12, 2024

A 50-year high in multifamily building starts and completions has led to cooling rent growth and better leases for renters. In July, 33.2 percent of rentals on Zillow included concessions — a 23 percent increase from 2023.

Marketing 172

Marketing 172

Housing Wire

AUGUST 12, 2024

While a U.S. district court judge in Pennsylvania may have denied its motion to stay the Moratis copycat commission lawsuit, defendant West Penn MLS is not backing down without a fight. In addition to filing a motion in June to stay the suit , West Penn MLS also filed a motion for dismissal, as the MLS defendant had opted into the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR).

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MLS Agents Industrial As-is 363

Inman

AUGUST 12, 2024

After growing its agent count by 12 percent to 12,224, the flat-fee brokerage says it's poised for continued growth with new commission plans that pay agents a percentage of revenue generated by the agents they recruit.

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Agents Brokerage Industrial 166

RIS Media

AUGUST 12, 2024

Interest rates are critical in the real estate market, especially in selling condominiums. Understanding this impact can help buyers, sellers and investors make informed decisions. Introduction to interest rates and condo sales Interest rates are the cost of borrowing money, typically expressed as an annual percentage of the loan amount. They influence the affordability of… The post The Impact of Interest Rates on Condo Sales appeared first on RISMedia.

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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

AUGUST 12, 2024

Here’s how you can effectively guide your clients to the right financing options for their dream vacation home.

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Finance 193

HomeLight

AUGUST 12, 2024

You’ve decided the time has come to buy a house. You’ve saved your down payment , selected the perfect real estate agent , and figured out exactly what city or neighborhood you want to call home. But there might be one very important factor you’ve forgotten about, and it can affect not only your viability as a buyer, but also your spending power, interest rates, and attractiveness to both sellers and mortgage lenders: your credit rating.

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Inman

AUGUST 12, 2024

In the same week that the investment firm lost the Waldorf Astoria in Washington, D.C., to a foreclosure auction, CGI Merchant also had to let go of the Gabriel Miami Downtown in a foreclosure auction to an affiliate of Madison Realty Capital.

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Investor Marketing 151

HomeLight

AUGUST 12, 2024

We often hear the phrase, “I’m taking out a loan.” But in reality, you’re buying a loan. It costs money, and there are countless lending professionals looking to sell you their products. Your mortgage loan officer will play a key role in helping you secure the financing you need to close your home purchase. But who pays the bill for their services? How do loan officers get paid?

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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

AUGUST 12, 2024

According to Van Conover, the Prevost motorhomes typically belong to "A-list artists, top of the top in the music industry, F1 racers and high-level entrepreneurs" who can customize the motorhome however they see fit from the floors, the color of the leather to the entire buildout.

Industrial 150

Industrial 150

Bigger Pockets

AUGUST 12, 2024

A couple of years ago, everyone was expecting an “Airbnbust,” where short-term rental investments would sit vacant, hosts would be forced to sell, and hotels would take the reigns as […]

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Marketing 115

Inman

AUGUST 12, 2024

More agents are joining the National Association of Realtors ahead of the approaching Aug. 17 deadline for Realtors and MLSs to implement policy changes.

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Agents MLS Brokerage 158

Eye on Housing

AUGUST 12, 2024

The majority of NAHB builder members are small businesses, according to the annual census of its members NAHB has been conducting since 2008. The most recent installment of the census was conducted at the end of 2023 and covered business activity through 2023. The census shows that, on average, NAHB builders started 59.2 homes in.

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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.

Brokerage

Inman

AUGUST 12, 2024

MVP Realty CEO Derek Carlson said moving to Realty One Group will bring agents a variety of upgrades while leaving his company's core values intact.

Agents 152

Agents Brokerage Industrial 152

HomeLight

AUGUST 12, 2024

Curious to find out how much your home is worth in today’s Los Angeles market? Whether you’re looking to sell in the near future, aiming to ditch PMI , or just interested in current home values in the City of Angels, understanding this information can shape your future plans. In this article, we’ll explore home price trends in L.A., offer tips on how to get an accurate home value estimate , and suggest simple strategies to increase your home’s value.

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Equity Renovation Mortgages As-is 111

Inman

AUGUST 12, 2024

Franchise sales have slowed, and some existing franchisees have canceled their agreements, but Motto Franchising President Ward Morrison expects growth to resume when lending picks up.

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Lending Mortgages Sales Brokerage 136

HomeLight

AUGUST 12, 2024

If you’re selling your home in Utah, you’re likely curious about the costs involved in closing the deal. Closing costs are the various fees and expenses associated with the finalization of a real estate transaction. These can include everything from loan payoff amounts to taxes and service fees. In Utah, understanding these costs is essential for accurately budgeting your sale and avoiding surprises at the closing table.

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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.

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