Fri.Oct 11, 2024

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SERHANT. expands in South Carolina with addition of Charleston team

Housing Wire

SERHANT. has added a high-performing team to its presence in Charleston, South Carolina. Key Avenue Group is leaving Keller Williams for SERHANT., bringing a team with more than $300 million in career sales. Key Avenue is led by Christopher Smith and Patrick Ryan. SERHANT. first entered South Carolina in 2023. “We chose SERHANT. because we feel the real estate industry is in need of change,” Smith said in a statement.

Brokerage 417
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Local association pauses Clear Cooperation — will others follow?

Real Estate News

A decision by Park City Realtors could signal a shift in local associations’ willingness to abide by NAR policies, and comes as the CCP debate intensifies.

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Real estate teams get most deals from their ‘sphere of influence’

Housing Wire

Brokerages are scrambling to adapt to the post-settlement landscape of real estate, and more of them are turning to the same method for growing their headcount — acquiring new teams. The addition of teams is an efficient way for major brokerages to bolster agent counts and boost sales volumes on their income statements. But a new survey reveals diversity in the ways that teams are structured and how they produce different outcomes.

Brokerage 430
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What is the value of MLSs and associations post-settlement?

Real Estate News

A recent survey found that many agents are not satisfied with local association services and find MLSs less relevant in light of new industry rules.

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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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Floify now competes directly with Equifax’s The Work Number

Housing Wire

Mortgage solutions provider Floify is now going to go toe-to-toe with Equifax ‘s oft-maligned workplace verification provider The Work Number, which has been criticized by mortgage lenders and regulators for years of cost increases. Floify is the first point-of-sale system (POS) to introduce a native electronic verification of income and employment service, Sofia Rossato, the president of Floify, said in an interview with HousingWire.

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Utah-based Realtor association no longer enforcing NAR’s Clear Cooperation

Housing Wire

The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion. In an email sent to members on Oct. 3, Utah-based Park City Board of Realtors (PCBR) announced that it would no longer be enforcing the clear cooperation rule, as first reported by Inman News.

MLS 430
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Tech Bytes: AI powers new tools from Zillow, CubiCasa, CoreLogic

Real Estate News

Zillow acquires virtual staging app; CubiCasa now turning floor plans into virtual tours; new CoreLogic platform integrates data; Propy and Inspectify team up.

Staging 185
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Citadel agrees to pay $6.5M to settle DOJ’s redlining claims

Housing Wire

The U.S. Department of Justice (DOJ) announced on Thursday a $6.5 million agreement with Citadel Federal Credit Union to settle allegations of lending discrimination in certain neighborhoods of Philadelphia with majority Black and Hispanic populations. This is the DOJ’s first redlining settlement involving a credit union. The sector includes 4,600 financial institutions across America, which are subject to federal laws, including those pertaining to redlining and other forms of discrimination.

Lending 417
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Local Realtor association won’t enforce NAR Clear Cooperation

Inman

The Park City Board of Realtors informed the National Association of Realtors it would no longer require agents to comply with the pocket listing rule due to fear of litigation.

Agents 168
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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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Fed rate cut brings more mortgage biz to JPMorgan, Wells Fargo. But is it sustainable?

Housing Wire

Mortgage business has increased recently for Wells Fargo head Charlie Scharf, left, and JPMorgan Chase CEO Jamie Dimon, but will it last? JPMorgan Chase and Wells Fargo are starting to feel the effects of the Federal Reserve ’s 50-basis-point rate cut in September on their mortgage businesses. On Friday, both banks reported an uptick in home lending during the third quarter of 2024 compared to the previous quarter.

Mortgages 417
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Coldwell Banker expands to Dutchess County with Daniel Aubry

Inman

Led by broker-owner Daniel Aubry, Daniel Aubry Realty comprises a team of six agents who bring a wealth of experience in both commercial and residential real estate, backed by Aubry’s extensive background in the industry.

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Coldwell Banker Realty establishes a presence in Dutchess County

Housing Wire

Coldwell Banker Realty is welcoming even more agents to the firm. On Friday, the Anywhere firm announced the affiliation of Beacon, NY-based Daniel Aubry Realty. The affiliation marks the opening of the first Coldwell Banker Realty office in Dutchess County, New York. The firm was founded in 2009 by broker-owner Daniel Aubry. He and six real estate sales professionals, including associate broker Ron Donofrio, Julian Park, Veshtrim Osmani, Danielle Velez, Matan Broshi and James Murphy are making

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Florida broker sues ex over snubbed $1M+ commission

Inman

While repping their former marital home, Alyssa Morgan presented her ex, John Jansheski, with a $70 million offer, which he declined. Several months later, he accepted a $57 million offer from the same buyer after he had assigned a new listing agent.

Agents 162
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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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Mayor who recommended reverse mortgages calls comments ‘regrettable’

Housing Wire

As those on a fixed income continue to wrestle with rising property taxes , the mayor of South Portland, Maine , recently recommended that area seniors explore reverse mortgages as a potential option to add financial flexibility. After enduring backlash, Mayor Misha Pride has walked back his comments. “Contemplating the recent rise in property values, I suggested some seniors might consider a reverse mortgage,” Pride wrote in a letter to t he editor of the Portland Press Herald on Thursday.

Mortgages 415
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LoanSnap’s business dried up. Now regulators are after its licenses

Inman

Connecticut has entered into a consent decree revoking the fintech mortgage lender's license, and LoanSnap has been put on notice by California regulators that they intend to do the same.

Mortgages 142
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I’m Ready to Buy a House, But Can’t Afford Much: How Do I Find Cheap Houses?

HomeLight

We all know someone who’s amazing at finding the best deals around. They don’t have to wait until Black Friday to score a cheap television, and they shop at thrift stores but always look like a million bucks. Is there a way to do that with real estate, where finding a cheap home can save you thousands of dollars in interest and fees? A Top Agent Can Help You Find A House You Can Afford We analyze millions of home sales to find buyer’s agents who will show you the right home at the right pr

MLS 111
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Podcasts, social media, more: 4 ways to add leverage with content

Inman

Rick Guerrero and social media star Jenny Lynn Tran discuss how you can use content to add value, educate, and connect with clients and colleagues.

Marketing 152
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Consumer Sentiment Shifts From Gains to Slight Decline

RIS Media

A key skill to being a real estate agent is judging a buyer’s mood. So how are consumers feeling on a wide scale? Consumer sentiment dipped slightly in the early days of October 2024, from 70.1 to 68.9, per the latest report for the University of Michigan. This monthly change comes in below expectations; median… The post Consumer Sentiment Shifts From Gains to Slight Decline appeared first on RISMedia.

Agents 111
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Mike DelPrete: Is Pacaso duping retail investors?

Inman

Industry analyst Mike DelPrete writes that manipulating the display of data has the potential to mislead individual retail investors, eroding long-term trust.

Investor 137
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Buyer Sentiment Hits 2-Year High, but Affordability Remains a Barrier

RIS Media

While a plurality of homebuyers believes that it still isn’t the right time to pull the trigger on homebuying, new data from Fannie Mae shows increasingly positive attitudes towards purchasing a home, primarily due to the recent declines in mortgage rates. The latest Home Purchase Sentiment Index (HPSI) report from Fannie Mae shows purchase sentiment… The post Buyer Sentiment Hits 2-Year High, but Affordability Remains a Barrier appeared first on RISMedia.

Mortgages 110
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Clear Cooperation (and eXp settles commission suit): Inman’s Top 5

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 136
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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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Navigating the New NAR Rules: Best Practices for Helping Consumers

RIS Media

Recent changes in the real estate industry have introduced new ways of doing business for brokers and agents. These changes demand strong leadership, transparency and adaptability to navigate the evolving landscape successfully. A fundamental change in the new NAR rules requires buyers to have a written agreement with a broker or agent to be able… The post Navigating the New NAR Rules: Best Practices for Helping Consumers appeared first on RISMedia.

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Yannaccone: Reform, not repeal, is the wise path for Clear Cooperation

Inman

Anywhere Brands President and CEO Sue Yannaccone offers a measured, thoughtful assessment of the Clear Cooperation Policy debate.

Branding 135
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Carving Out New Paths to Growth

RIS Media

Above, from left, Shane McCullar, CEO and Operating Principal of KW Metro Center and Kate Papkin, general manager. Shane McCullar is on a mission. As CEO and operating principal of KW Metro Center in Northern Virginia for nearly two decades, McCullar has grown his brokerage from 35 agents in one office in 2007 to over… The post Carving Out New Paths to Growth appeared first on RISMedia.

Principal 105
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DOJ’s 14th redlining settlement is its first with a credit union

Inman

Citadel Federal Credit Union "respectfully disagrees" with allegations, agrees to invest $6.5 million and open three new branches in predominantly Black and Hispanic neighborhoods in Philadelphia.

Banks 110
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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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Robert In Town

BubbleInfo

Robert the big boss was in town yesterday. He is committed to changing or ending the Clear Cooperation Policy, which is a controversial stance. The CCP makes in mandatory that every agent upload a listing onto the MLS within one business day after any public marketing of the property. Robert (and other brokerage leaders) say […] The post Robert In Town first appeared on bubbleinfo.com.

MLS 105
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Bright MLS Reports Mid-Atlantic Sees More Buyers as Mortgage Rates Fall

RIS Media

Conditions are improving for buyers in the Mid-Atlantic, with mortgage rates down and housing inventory up, according to a recent report from Bright MLS. Bright MLS’s Housing Report for September found that there was a total of 19,945 new pending sales in the Mid-Atlantic in September, up 10.3% from last year and the eighth consecutive… The post Bright MLS Reports Mid-Atlantic Sees More Buyers as Mortgage Rates Fall appeared first on RISMedia.

MLS 105
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The Problem With Cash for Retirement Planning—And How Real Estate Solves It

Bigger Pockets

the traditional retirement model just doesn’t work well. To put it bluntly, the math sucks. I can do better—and so can you.

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