Fri.Aug 30, 2024

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Opinion: Between the lines: Understanding the nuances of the NAR settlement

Housing Wire

With all the recent media attention, by now most everyone is aware of major changes afoot in real estate this month. Commentary has run the gamut from the demise of the industry to real estate services in the future will now be essentially pro bono. Pardon if my words convey a dash of sarcasm yet, after over four decades of helping buyers and sellers and running two of the largest brokerage companies in the world, I am compelled to read missives of the misinformed as they pop corks in celebratio

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How To Avoid Today's Top Seller Mistakes

Keeping Current Matters

Want to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?

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Commission lawsuit plaintiff Sitzer launches flat fee real estate startup

Housing Wire

There is a new real estate firm in town, but one of its founders is probably familiar to many in the real estate industry. Meet Landian , a real estate startup founded by Bryan Galen, Neal Batra and Josh Sitzer — yes, the same Sitzer who filed the now infamous Sitzer/Burnett commission lawsuit. In an interview with TechCrunch , which first broke the news of Landian’s debut, Sitzer said his frustration with having to pay a 3% commission to a buyer’s agent on the sale of his Kansas City home in 20

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When should sellers play the concessions card?

Real Estate News

With new rules in place, listing agents need to consider several factors when helping sellers determine their approach to buy-side compensation.

Agents 284
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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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The title industry is working to tackle fraud 

Housing Wire

The Merriam-Webster dictionary defines fraud as the “intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right,” and from identity theft to sweepstakes and investment scams, it can take countless forms at a high cost to consumers. The Federal Trade Commission (FTC) reported that American consumers lost $10 billion to fraud in 2023, a 14% increase from the prior year.

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Opinion: The myth of financing buyer agent commissions

Housing Wire

The proposed settlement between the National Association of REALTORS ( NAR ) and class-action litigants has prompted much discussion about a series of practice changes affecting compensation for real estate professionals. Despite bipartisan agreement that supply shortages are driving housing’s unaffordability issue, some point to commissions. As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns.

Finance 448
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More suits, new reports, demure micro-trends: 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 199
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With a potential new rate environment coming, how will reverse mortgage lenders pivot?

Housing Wire

Federal Reserve Chair Jerome Powell indicated last week that a cut in the federal funds rate at the September meeting of the Federal Open Market Committee (FOMC) is on the table, which would have the effect of driving mortgage rates lower. Most observers and professionals agree that a rate cut would provide immediate benefits to the reverse mortgage industry, particularly for Home Equity Conversion Mortgages (HECMs).

Mortgages 448
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July inflation reading trims the odds of a big September rate cut

Inman

PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September.

Mortgages 193
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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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Gen X makes progress with retirement savings: Fidelity

Housing Wire

Retirement savers experienced their third consecutive quarter of growth in Q2 2024, with Gen X savers showing strong gains in individual retirement arrangements (IRAs), a sign of progress considering that cohort’s prior struggles with saving for life after work. This is according to a report released by Fidelity Investments , based on 401(k) and 403(b) data derived from 26,100 corporate defined contribution plans and roughly 32 million total participants as of June 30, 2024.

Loans 445
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New York’s Flatiron Building to be transformed into 60 luxury condos

Inman

The iconic Flatiron Building in Manhattan is set to undergo a transformation from outdated office spaces to luxury residences and retail, according to new building plans revealed earlier this week.

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Show up, don’t show off: Laura O’Connor is redefining success in real estate

Housing Wire

In this executive conversation, Laura O’Connor, President and COO of JPAR Real Estate Affiliated Network shares her insights on the role of the modern real estate professional. With over two decades of experience in business operations and strategic management, Laura has been a driving force in JPAR’s growth and innovation. She believes the onus is on agents to “show up” for clients and communities rather than merely “showing off” past successes.

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NAR to fight DOJ investigation all the way to the Supreme Court

Inman

The case dates back to a 2020 settlement between NAR and the DOJ, and to the DOJ's 2021 attempt to withdraw from that settlement — something NAR is trying to block.

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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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Rick Roque lands at NFM Lending

Housing Wire

Mortgage banking executive and industry mergers & acquisitions advisor Rick Roque has taken a new executive position at NFM Lending. Roque will lead NFM’s retail growth strategy as corporate vice president of retail, NFM’s Managing Director Greg Sher announced on LinkedIn on Friday. “Your thoughtful leadership, data-driven market perspective, and unwavering support of mortgage and housing, helps to ensure we will continue to conquer the many mountains ahead,” Sher wro

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What this summer’s foreign buyer data means for you

Inman

New Inman contributor Kashif Ansari digs into the National Association of Realtors' annual report on international buyers.

Brokerage 190
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Anna-Marie Ellison joins leadership at ARC Realty

Housing Wire

After nearly 18 years ERA King Real Estate , Anna-Marie Ellison is moving to Alabama -based ARC Realty. In a post on her website ConsultWithAME on Wednesday, Ellison wrote that she is “honored” to be joining a team with the guiding principal of “Everything worth building starts with a relationship.” In her new role at ARC, Ellison will focus on strategic planning for agent and staff growth, as well as health and wellness initiatives, recruitment, and training across the Birmingham, Montgom

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Treasury finalizes new rules for luxury cash sales reporting

Inman

Treasury Secretary Janet Yellen said the new reporting rules will "close critical loopholes in the U.S. financial system" that had allowed criminals to launder money through all-cash residential real estate transactions.

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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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Nick Bailey named to T3 Sixty’s leadership team

Housing Wire

Roughly six months after his departure from RE/MAX , Nick Bailey is back in a leadership role, this time at management consultancy and analytics firm T3 Sixty. In an announcement on Thursday T3 Sixty said Bailey will serve as the firm’s chief real estate officer. In this role, T3 Sixty said Bailey will focus on business development, enterprise-level consulting projects and representing T3 Sixty at industry events. “Nick has proven capabilities leading brands and brokers to productive chang

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4 tips for getting past the buyer conversation struggle

Inman

The settlement has changed a lot, but consumers still need agents, Amy Corr writes. Stay confident, listen to potential clients, be the advisor they need, and you will thrive.

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I’m a Buyer’s Agent. Here’s How the New NAR Rules Have Impacted My Business

Bigger Pockets

Sometimes, I have to laugh at how small our worlds can be.

Agents 132
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Agent safety startup Tether RE wins 2024 NAR Pitch Battle

Inman

Tether RE's platform includes 24-hour safety monitoring, client verification, SOS alerts, proximity safety times and fall and crash alerts. Agent social MLS app Tuesday won Crowd Favorite.

Agents 187
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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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5 Ways Real Estate Investors Influence Housing Market Health

Bigger Pockets

Investors make an impact on the housing market, and often in positive ways despite the negative coverage. Here's how.

Investor 131
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Josh Sitzer, plaintiff in commission case, launches à la carte platform

Inman

Landian, a flat-fee and à la carte platform, offers $49 tours and $199 for written offers to sellers, but the real bombshell may be Sitzer's involvement so soon after the $5B Sitzer | Burnett verdict.

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Downtown Seattle is at its tipping point, and the future’s not assured

Seattle Times Real Estate

When a central core loses Goodwill because of crime, it's a sign of a larger problem, columnist Jon Talton writes.

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Josh Sitzer, plaintiff in commission case, launches à la carte platform

Inman

Landian, a flat-fee and à la carte brokerage, offers $49 tours and $199 for written offers to sellers, but the real bombshell may be Sitzer's involvement so soon after the $5B Sitzer | Burnett verdict.

Brokerage 179
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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.