Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. Michelle Corridon, deputy policy director at the VA, announced at the Mortgage Bankers Association ‘s Secondary & Capital Markets Conference in New York that the circular would be issued between now and June 12.

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Keeping Current Matters

MAY 21, 2024

If one of the main reasons you’re hesitant to buy a home is because you’re worried about the upkeep, here’s some information you may find interesting on both new home construction and existing homes.

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Construction 250

Housing Wire

MAY 21, 2024

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. “It’s oddly enough in states where people are leaving,” said Florida-based real estate investor Paul Lizell of the markets where he is more focused on acquiring investment properties in 2024.

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Marketing Investor Renovation Land 455

Real Estate News

MAY 21, 2024

An appeals court ruled that the government could reopen its investigation. NAR says that decision involved “far-reaching and exceptionally important” errors.

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Closing 268

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Agents

Housing Wire

MAY 21, 2024

At a status hearing on Tuesday for the Nosalek commission lawsuit, a lawyer for the Department of Justice said the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement represented “an improvement.” However, it remains unknown if the DOJ will file a statement of interest in the Sitzer/Burnett suit, as it did in the Nosalek suit, according to RisMedia , which first reported the news.

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Housing Wire

MAY 21, 2024

NEXA Mortgage , the largest mortgage brokerage firm in the U.S., will pay its loan officers 100% of the commission splits “without any per-file fees or other hidden fees,” according to co-founder and CEO Mike Kortas. NEXA usually pays loan officers 220 basis points (bps) out of 275 bps on most loans. However, moving forward, it will allow LOs to access the remaining funds — the 55-bps difference — through its new program, NEXA100.

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Loan Officer Loans Brokerage Equity 436

Inman

MAY 21, 2024

James Dwiggins spoke at the inaugural Inman Connect Miami on Tuesday, arguing that clinging to the current status quo when it comes to commissions is a recipe for disaster.

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Brokerage Agents 180

Housing Wire

MAY 21, 2024

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information.

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MLS Inspection Development Sales 471

Inman

MAY 21, 2024

Managing broker and new Inman contributor Cassie Walker Johnson writes that in the evolving real estate market, investing in buyer agent compensation is a wise decision that benefits everyone involved.

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Agents

Housing Wire

MAY 21, 2024

Tapping into home equity , particularly for people in or near retirement , can be challenging — especially for those who may have a pressing need. Traditional equity-tapping methods — such as selling the home or taking out a home equity loan — could present lifestyle challenges, which is where alternative options like reverse mortgages can come into play.

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Equity Mortgages Principal Finance 436

Inman

MAY 21, 2024

The president and CEO of Corcoran Group spoke with moderator Jim Dalrymple II about recent changes in the market and how agents can explain their value to clients in the wake of commission lawsuit settlements.

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Agents Marketing 186

Housing Wire

MAY 21, 2024

Rocket Mortgage has entered into a settlement agreement with a group of current and former employees who have alleged the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire and reporting at Bloomberg Law. In a case filed in January 2023 in the U.S. District Court for the District of Arizona , the employees alleged that they “were not paid one-and-one-half times their regular rates of pay for all time worked in excess of 40 hours in a given workw

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Loans Title Mortgages Development 425

Inman

MAY 21, 2024

The sale marks a new record for lakefront properties in Palm Beach. Developer Todd Michael Glaser renovated and expanded the estate, at one point marketing it for more than $200 million.

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Renovation Development Sales Marketing 168

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Brokerage

Housing Wire

MAY 21, 2024

U.S. single-family rent growth strengthened overall in March despite some weaknesses in specific markets. Single-family rent increases in March 2024 registered a 3.4% year-over-year gain, unchanged from February, according to CoreLogic ’s latest Single-Family Rent Index (SFRI). The SFRI analyzes single-family rent price changes at the national and major-metro levels.

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Marketing Principal Finance 436

Inman

MAY 21, 2024

Luxury leaders Jay Parker, Liane Jamason, Thad Wong and Daniel de la Vega tackled commissions at Inman Connect Miami, saying agents must know and protect their value as regulatory changes draw near.

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Agents 168

Housing Wire

MAY 21, 2024

Zillow announced the release of an open-source tool, the Fair Housing Classifier , on Tuesday as part of the company’s efforts to “promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.“ In a news release, Zillow explained that artificial intelligence (AI) tools often fail to account for the myriad requirements of fair housing laws.

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Technology Lending Equity Development 442

Inman

MAY 21, 2024

With commissions up in the air, Clever's Luke Babich writes that it may be time for some agents to explore alternative compensation models that can provide more consistent and reliable income.

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Agents MLS Brokerage Marketing 183

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Loans

Housing Wire

MAY 21, 2024

Connecticut-based lender, servicer and asset manager Planet Home Lending has appointed Bill Shuler as executive vice president and chief information officer. In his new role, Shuler will focus on Planet’s technological growth and enhancements to its operational efficiency. “My focus has always been on creating pragmatic IT solutions that support dynamic business growth, and I am ready to build strategic partnerships across all areas of Planet and help solidify the foundation for that growth,” Sh

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Lending Residential Technology Commercial 424

Inman

MAY 21, 2024

Inman founder Brad Inman kicked off the inaugural Inman Connect Miami on Tuesday with a heartfelt keynote on friendship, community and optimism amid real estate industry challenges.

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Industrial Brokerage Agents Mortgages 164

Housing Wire

MAY 21, 2024

New York City -based brokerage SERHANT. is promoting its new development director, Jennifer Alese, to the position of chief business officer, The Real Deal reported on Monday. Alese will be the company’s first chief business officer, and Carolyn Sebba will replace Alese as the new development director. “I’ve been working alongside Ryan Serhant for 9+ years leading New Development for the company, and this new role will allow me to focus on the future of the brand by implementing strategic initia

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Brokerage Development Branding Agents 423

Inman

MAY 21, 2024

This year, Calque has partnered with some big names including C2 Financial and Cornerstone First Mortgage, as well as a number of smaller players like Portland, Oregon-based Theory Mortgage.

Mortgages 168

Mortgages 168

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Agents

Housing Wire

MAY 21, 2024

Sandra Ho, a managing director at JPMorgan Chase , will join Wells Fargo next week as its head of home lending sales, Wells Fargo said in a statement Monday. It is a newly created role, and Ho will lead Wells Fargo’s consumer direct and distributed sales forces. She will report to Serhat Oztop, head of sales and retail transformation for Wells Fargo Home Lending.

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Sales Loans Lending Banks 423

Inman

MAY 21, 2024

Don't-miss sessions at Inman Connect Las Vegas this summer include those built around value propositions, commission negotiations and the evolution of buyer agency.

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Agents 168

RIS Media

MAY 21, 2024

Antitrust regulators at the Department of Justice (DOJ) appear unsatisfied with the agreement struck between the National Association of REALTORS® (NAR) and plaintiffs in commission lawsuit class-actions, with a DOJ lawyer saying explicitly that they do not want any offers of compensation made by seller agents to buyer agents At a court hearing today in… The post DOJ Lawyer Says No Offers of Compensation ‘Anywhere’ appeared first on RISMedia.

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Agents MLS Industrial 136

Inman

MAY 21, 2024

Pushing boundaries and changing the status quo, these three independent brokerages offer ideas for moving your own business forward.

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Brokerage Agents Marketing 176

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Sales

Maximum Exposure Real Estate

MAY 21, 2024

Purchasing a house as-is can be an attractive option for many buyers. However, it involves unique processes and considerations. I will provide you with the following information so you can make the best decision. How to financially plan and explore mortgage options for an as-is home purchase. Understanding mortgage options. What steps should be taken […] The post Should You Buy a Home As Is?

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As-is Mortgages 120

Inman

MAY 21, 2024

For multistate CEO and new Inman contributor Troy Reierson, doing business is about more than numbers. It's about a service-oriented approach that changes lives.

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Brokerage Agents Marketing 163

RIS Media

MAY 21, 2024

The National Association of REALTORS® (NAR) is appealing a recent court decision that allowed federal antitrust investigators to re-open their inquiry into real estate rules and practices, making another push to stymie potential further efforts by regulators to alter policies foundational to the industry. Filed late yesterday in the D.C. Circuit Court of Appeals, NAR… The post NAR Appeals Circuit Court Decision Allowing DOJ to Restart Investigation appeared first on RISMedia.

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