Fri.Sep 27, 2024

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Buyers still expect sellers to cover agent compensation

Housing Wire

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.

Agents 511
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California sets a 3-month limit on buyer agent agreements

Real Estate News

The new law, which takes effect Jan. 1, allows agreements to be extended — but not automatically. It was created in response to the NAR settlement.

Agents 282
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Veterans are largely unaware of housing grants for aging in place

Housing Wire

A majority of U.S. veterans are not aware of the fact they can qualify for grants from the U.S. Department of Veterans Affairs (VA) to allow them to age in place, according to survey data from senior advocacy group AARP. Sixty percent of veterans who are 45 and older “are unaware that VA provides grant funding for home modifications , and almost a quarter of veterans say they need financial assistance to modify their homes to continue living there,” according to an article published by the VA.

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Tech Bytes: News from Zillow, MetroList, Lofty and Revive

Real Estate News

Zillow adds information about flooding, wildfire and other climate risks to its listings; MetroList teams up with StreetWire to offer Home Value Lock.

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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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Manish Garg on being the right amount of paranoid about AI

Housing Wire

Editor in Chief Sarah Wheeler sat down with Manish Garg, senior vice president of product and technology at EarnUp , an autonomous financial wellness platform, to talk about how his company is using gen AI to deliver a personalized experience for customers at scale. Garg has a deep background in building enterprise software and has spent the last decade working with fintechs in the mortgage lending space.

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Buy Now, or Wait?

Keeping Current Matters

If you’re wondering if you should buy now or wait, here’s what you need to know.

Mortgages 273

More Trending

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Private firm completes controversial REcolorado acquisition

Real Estate News

New owner aims to make Colorado’s largest MLS more subscriber-centric and simplify transactions as associations pledge “to create exciting new opportunities.

MLS 190
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NRMLA conference provides ‘a new energy,’ spawns hope for industry growth

Housing Wire

The National Reverse Mortgage Lenders Association (NRMLA) concluded the 2024 edition of its Annual Meeting and Expo on Thursday afternoon. Those in attendance told HousingWire ’s Reverse Mortgage Daily (RMD) that the event provided ample opportunity for networking and educational content while boosting hopes that the industry can grow in the coming years.

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10 must-read real estate business books perfect for 2024

Inman

Ready to improve your knowledge and take on some new ideas? Marketing tech expert Stacie Kimberlain offers a list of essential books just right for the current market.

Marketing 188
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Hurricane Helene has slammed the Southeast. Here are the impacts to real estate

Housing Wire

Hurricane season has arrived, and residents of Florida and other Southeast states are beginning to deal with the damage wrought after Hurricane Helene made landfall on Thursday. Helene was a Category 4 storm with winds speeds of up to 140 mph when it hit the Big Bend area of Florida’s panhandle, near Tallahassee, on Thursday night. But it quickly weakened and was downgraded to a tropical storm.

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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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‘I’m back in it’: Reality star Kendra Wilkinson returns to real estate

Inman

Douglas Elliman real estate agent and reality TV star Kendra Wilkinson has announced her return to real estate after taking a brief mental health break, "People" Magazine reported on Friday.

Agents 178
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TRG closes deal for Doma; Lennar gains minority ownership stake

Housing Wire

Title Resources Group (TRG) has closed its acquisition of Doma Holdings , the parent company of Doma Title , according to an announcement on Friday. The sale was first announced in late March 2024. In the all-cash transaction, Doma was valued at nearly $88 million. As a result of the sale, Doma’s underwriting division (DTI) is now a wholly owned subsidiary of TRG. “Combining DTI with TRG’s existing underwriter, we have become the fifth largest independent underwriter in the United S

Closing 427
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New inflation data gives mortgage rates room to keep coming down

Inman

With inflation continuing to inch closer to the Fed's 2 percent goal in August, bond market investors are getting more confident that the central bank will continue to cut rates aggressively in November.

Banks 176
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eXp Realty adds new affiliate with a presence in 20 states

Housing Wire

A successful brokerage that operates across much of the country is taking its talents to eXp Realty. CanZell Realty has joined eXp, allowing the brokerage to expand in 20 states with a single addition. CanZell is led by Chantel Ray, who cited her personal friendship with eXp CEO Leo Pareja as one reason for making the move. The two struck up a friendship during the 2008 financial crisis.

Brokerage 423
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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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REcolorado sold to private buyer, cutting ties with Realtor orgs

Inman

Joseph Burks bought the nation’s 16th-largest MLS on Friday, buying shares from Denver Metro Association of Realtors and South Metro Denver Realtors Association.

MLS 183
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These agents and teams are standouts in new LGBTQ+ rankings

Housing Wire

The LGBTQ+ Real Estate Alliance has released its fourth annual list of top-performing agents and teams, and it includes a highly productive bunch. The 314 agents and teams on the list produced $5.95 billion in volume across 10,776 transactions in 2023. Collectively, the list would have finished 29th among brokerages for sales volume and 36th for transactions sides on the 2024 RealTrends Verified Top 500 rankings.

Agents 422
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Don’t facilitate source of income discrimination by sellers

Inman

Don't discourage your sellers from talking to FHA, VA, USDA or DPA buyers, fair housing advocate Dr. Lee Davenport writes. Help facilitate both a timely sale and greater affordability.

Sales 173
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Dustin Owen schools agents on key tips for the mortgage financing process

Housing Wire

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. Owen emphasizes the importance of understanding these principles whether an agent is new or experienced, allowing them to focus on helping the buyer.

Finance 423
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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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Kofi Nartey on the power of exclusivity and a luxury experience

Inman

Powerhouse luxury and celebrity real estate authority Kofi Nartey offers tips from upscale brands like Louis Vuitton and the Ritz-Carlton on how luxury real estate agents can deliver exceptional client experiences.

Branding 171
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Record lows: August reveals sluggish agent mobility

Housing Wire

The latest release data as of August 2024 indicates a significant decline in agent mobility, with the seasonally adjusted AMI metric hitting a new record low. This trend suggests that agents are increasingly less likely to consider switching brokerages as we head into the fall season. Key observations from August 2024: Agent mobility hits record low : The seasonally adjusted AMI metric has reached its lowest point since the index was established excluding the COVID month of April 2020 , indicati

Agents 402
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Anywhere joins Compass in push for Clear Cooperation change

Inman

Compass on Thursday reiterated its call to ditch NAR's pocket listing rule. But documents newly obtained by Inman also show that Anywhere shares some of Compass' concerns.

MLS 163
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FHA announces updates to Catalyst software’s appraisal module

Housing Wire

The Federal Housing Administration (FHA) announced on Friday that it has updated the Electronic Appraisal Delivery (EAD) module of its Catalyst software platform, following initial agency efforts to require appraisal submissions on the platform before it walked them back. “This past weekend, [FHA] completed the implementation of new functionality in the FHA Catalyst: [EAD] module that eliminates the U.S.

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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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More than 1 in 6 houses sold in August were newly built: Economist

Inman

In this exclusive video series on Inman, Windermere’s Principal Economist Jeff Tucker illuminates the latest stats, reports and numbers you should know. This week: Newly built single-family homes.

Principal 158
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The Extra Downside Protection I Look For in Investments

Bigger Pockets

Commercial real estate has felt like a slow-motion car crash over the last two years, but as you continue (or start) investing passively, consider this framework for evaluating risk.

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In home search, Flika puts buyers first: Tech Review

Inman

Flika users swipe right on homes they like, and left on those they don’t. The app stands out for its consumer-heavy feel and experience, like it could be as easily helping a person find a new pair of sneakers.

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Local Talent Dazzles With Whimsy, Bespoke Detail at Brooklyn Heights Showhouse

Brownstoner

Flights of fancy lurk behind the decorous brick facade of 182 Clinton Street, a landmarked four-story Greek Revival townhouse that is the site of the 2024 Brooklyn Heights Designer Showhouse. Benefiting the Brooklyn Heights Association, it opens to the public today and runs through November 3. The mid-19th century dwelling… Read More > The post Local Talent Dazzles With Whimsy, Bespoke Detail at Brooklyn Heights Showhouse appeared first on Brownstoner.

Design 119
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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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Inman Power Wheels: The final showdown for best agent auto

Inman

You've narrowed down the field from the sweet 16. Now it's time to decide which vehicle reigns supreme in our agent auto showdown.

Agents 175
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Is It Ethical to Invest in Real Estate?

Bigger Pockets

There's a lot of opposition to real estate investing, and it centers around three key objections. Do they have a point? Or is there a better way to address the issue?

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Clear Cooperation, paid leads, Serhant’s S.MPLE: Inman 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 171
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Top 3 Overlooked Marketing Tactics Every Listing Agent Should Use

RIS Media

Traditional marketing methods like generic ads, open houses and run-of-the-mill online listings are effective but often not enough to set you apart in an ever-changing and competitive real estate landscape. Let’s explore three modern marketing strategies that can help you secure more listings in today’s real estate market. Live-hosted virtual tours Research shows that 97%… The post Top 3 Overlooked Marketing Tactics Every Listing Agent Should Use appeared first on RISMedia.

Agents 124
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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.