Move accused of selling ‘fake leads’ in class action lawsuit
Real Estate News
AUGUST 26, 2024
Agents from six states allege that the parent company of Realtor.com sold dubious leads, and said NAR — also a defendant — was “complicit” in the scheme.
Sat.Aug 24, 2024 - Fri.Aug 30, 2024
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Feeling the squeeze: NAR settlement terms trigger commission compression
Housing Wire
AUGUST 26, 2024
Although the industry is barely than a week into the “ new normal ,” some real estate agents and brokers are already seeing smaller buy-side commissions. “It kind of started before the [ National Association of Realtors ] settlement went into effect, but commission compression is a real thing,” Brian Huskey, the broker-owner of Montana-based ERA American Real Estate , said.
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What Mortgage Rate Are You Waiting For?
Keeping Current Matters
AUGUST 26, 2024
You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years.
LPT Realty rolls out ‘Buyer Power Tools’ resource for agents, clients
Inman
AUGUST 26, 2024
The Florida-based brokerage's buyer-focused marketing and educational resources are made for agents in need of assistance as they pitch buyer representation services, executives told Inman.
Ready for the Post-NAR Lawsuit Landscape? Get the Broker Action Plan
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Now more than ever, agents need 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.
Nick Bailey returns to real estate leadership in new capacity
Real Estate News
AUGUST 29, 2024
The former CEO of RE/MAX and Century 21 says he will apply his experience helping franchise owners to his new role in real estate consulting.
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Are We Heading into a Balanced Market?
Keeping Current Matters
AUGUST 29, 2024
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand.
Realtors file suit against Move, NAR over ‘fake leads’ scheme
Inman
AUGUST 26, 2024
Eight Realtors are seeking class action status in their lawsuit against Realtor.com for allegedly selling unvetted and fraudulent buyer and seller leads. This is the third lawsuit against Realtor.com and parent company Move over its lead gen business.
Key player in Sitzer/Burnett launches real estate startup
Real Estate News
AUGUST 29, 2024
“Our hard-won settlement paved the way for a new era,” said Josh Sitzer, whose company offers flat-fee home tour and offer preparation services for buyers.
Commission lawsuit plaintiff Sitzer launches flat fee real estate startup
Housing Wire
AUGUST 30, 2024
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
Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth
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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.
What's the Impact of Presidential Elections on the Housing Market?
Keeping Current Matters
AUGUST 27, 2024
It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead.
New forms aim to sidestep NAR settlement, law professor warns
Inman
AUGUST 27, 2024
In a new report, University of Buffalo contracts law professor Tanya Monestier details ways in which contracts allow buyer agents to collect more compensation than agreed-to with the buyer.
The new agent playbook should include ‘leading with grace’
Real Estate News
AUGUST 28, 2024
Major brokerage leaders are telling agents to be patient with other real estate professionals (and consumers) as the industry adjusts to new practices.
Down payment amounts are exploding in these metros
Housing Wire
AUGUST 28, 2024
The typical down payment for U.S. homebuyers soared to a record high of $67,500 in June, up nearly 15% from $58,788 a year earlier, according to a new report from Redfin. The increase in down payments came despite a slowdown in home price growth (4%). Redfin economists attributed it to the quirks of the current market, where higher-priced, turnkey homes in desirable neighborhoods are more likely to sell.
Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!
Advertiser: Trellis
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.
2025 Housing Market Forecasts: What To Expect
Keeping Current Matters
AUGUST 28, 2024
Looking ahead to 2025, it's important to know what experts are projecting for the housing market.
Agent safety startup Tether RE wins 2024 NAR Pitch Battle
Inman
AUGUST 30, 2024
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.
NAR to appeal DOJ case to the Supreme Court
Real Estate News
AUGUST 29, 2024
The association will ask the highest court to weigh in on the case after a lower court ruled that the DOJ could continue its investigation into NAR policies.
Are AI real estate agents the future for homebuyers? These firms think so
Housing Wire
AUGUST 28, 2024
While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent. Unlike human agents, these AI agents really are available 24/7 and will quickly answer every little question you have about the homebuying process.
Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys
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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.
What Is Probate in Real Estate?
RIS Media
AUGUST 26, 2024
Probate in real estate refers to the legal process of transferring property after a homeowner’s death. This process involves validating the deceased’s will, settling debts and distributing assets to heirs. Understanding probate is crucial for buyers, sellers and inheritors of real estate. Understanding estate planning for the family should never be overlooked.
Pending starter home sales soar as first-time buyers return to market
Inman
AUGUST 26, 2024
Pending sales of starter homes surged 10.2 percent in July, reaching their highest point since October 2022 as mortgage rates began to decline, according to data released Monday by Redfin.
Mortgage rates plunge to lowest level in 15 months
Real Estate News
AUGUST 29, 2024
Rates are edging closer to 6%, but the downward trend still hasn’t translated into sales as potential homebuyers play the waiting game.
Tom Ferry Summit fuels optimism for agents wrestling with new NAR rules
Housing Wire
AUGUST 28, 2024
April Noessel was in dire straits. Raising five children on her husband’s salary, she began flipping houses to make ends meet. Her family fell into debt when one of their flips went sour. The bad deal was particularly galling because of the indignities it took to get the home ready to sell. “I was wearing one of my kids in a backpack, scraping magnets off the floor with a knife,” Noessel said.
Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You
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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.
Lynnwood light rail route brings a housing boom
Seattle Times Real Estate
AUGUST 25, 2024
The four newest Link light rail stations north of Seattle have been magnets for apartment construction, with more than 10,000 units finished or underway.
Josh Sitzer, plaintiff in commission case, launches à la carte platform
Inman
AUGUST 30, 2024
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.
When should sellers play the concessions card?
Real Estate News
AUGUST 30, 2024
With new rules in place, listing agents need to consider several factors when helping sellers determine their approach to buy-side compensation.
Starter home growth is sparking buyer activity: Redfin
Housing Wire
AUGUST 26, 2024
Affordable homes have long been in short supply for lower-income households, but data released Monday by Redfin showed positive signs for the starter-home segment. According to Redfin, pending sales of starter homes grew 10.2% year over year in July to reach their highest level since October 2022. This was in stark contrast to three other market segments that posted declines in the number of pending sales compared to July 2023.
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.
Understanding the Home Mortgage Payoff Process: A Complete Guide
RIS Media
AUGUST 29, 2024
Paying off a mortgage is a momentous financial achievement. It can happen during the process of selling a home or before. During a sale, homeowners often ask me when they should stop paying a mortgage. My guide will walk you through the entire process, from understanding your mortgage terms to updating your records. I will… The post Understanding the Home Mortgage Payoff Process: A Complete Guide appeared first on RISMedia.
I’m a listing agent. Do I need buyer agreement proof before showings?
Inman
AUGUST 27, 2024
With confusion around the new commission rules, compliance expert Summer Goralik unpacks whether listing agents should verify signed buyer-broker agreements before showing a property.
KW ‘best equipped to grow’ in post-settlement world
Real Estate News
AUGUST 26, 2024
Brokerages need to define their purpose in this new era, says Keller Williams CEO Mark Willis, and training, tech will be key to KW’s identity.
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