Sat.Oct 26, 2024 - Fri.Nov 01, 2024

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NAR settlement doesn’t pass the ‘real world’ test

Real Estate News

A law professor filed a lengthy objection calling it “the worst of all possible worlds,” raising concerns about “chaos and frustration” as well as legal fees.

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New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees

Housing Wire

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S. District Court in Kansas City — less than a month before the NAR settlement is slated for its final approval hearing — Monestier took issue with the business practice changes, sayi

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Avoid These Top Homebuyer Mistakes in Today’s Market

Keeping Current Matters

No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.

Marketing 269
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Proposed NAR settlement ‘worst of all possible worlds’: Law professor

Inman

Tanya Monestier says the settlement "reinforces the existing system of seller-paid inflated compensation while pretending to eliminate it" as attorneys walk away with $333 million in cash.

MLS 195
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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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Real estate in for a fright as mortgage rates return to 7%

Real Estate News

The latest numbers suggest that, for the third consecutive fall season, rates will crest that dreaded threshold.

Mortgages 251
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This Cybersecurity Awareness Month, let’s spread awareness about real estate wire fraud

Housing Wire

Over the last decade, real estate transactions have increasingly become a prime target for cybercrime. Far from slowing down, the scams are becoming more prevalent, sophisticated, and difficult to recognize as fraudulent. With October being Cybersecurity Awareness Month, it is important that the real estate industry and consumers speak up and spread the word about how to prevent these real estate cybercrimes.

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More Trending

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Judge grants final approval to 9 commission lawsuit settlements

Inman

Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110 million to resolve the litigation.

Brokerage 184
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A spate of objections to NAR, HomeServices settlements

Real Estate News

With less than a month until the deals are finalized, objectors are making claims of insufficient damages, harm to minorities, lack of accountability and more.

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Amy Stockberger explores her brokerage’s quest for ’lifetime home support’

Housing Wire

In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers. This interview has been lightly edited for length and clarity.

Agents 459
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How Real Estate Agents Take the Fear Out of Moving

Keeping Current Matters

Feeling a bit unsure, or even afraid, to move with everything going on right now?

Agents 259
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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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Commissions held steady after Aug. 17, Redfin study shows

Inman

Commissions have been slowly declining over the last decade, but since the NAR settlement terms went into effect this summer, buyer's agent commissions have seen little impact.

Agents 184
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The fall housing rally may have come and gone

Real Estate News

September’s low rates gave pending sales a boost, but as mortgage rates climb for a fifth straight week, enthusiasm is expected to wane.

Mortgages 234
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Case-Shiller home-price index slows, but rising mortgage rates could speed it up again

Housing Wire

Is home-price growth finally cooling? That’s a question raised by the S&P CoreLogic Case-Shiller Index for August, which showed deceleration on a year-over-year basis and a slight dip relative to July. On a non-seasonally adjusted basis, the national home price index posted a 4.2% gain year over year, less than the 4.8% gain from July. The monthly index fell by 0.1%.

Mortgages 487
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Why Your House Will Shine in Today’s Market

Keeping Current Matters

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from.

Marketing 256
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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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Compass envisions recruitment opportunity in industry upheaval

Inman

Rory Golod, Compass' president of growth and communications, spoke to Inman about Clear Cooperation, commission settlements, franchising and much more.

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Douglas Elliman fires brokerage CEO

Real Estate News

Scott Durkin, who led Douglas Elliman Realty, was terminated just days after the CEO of its parent company stepped down.

Brokerage 235
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ClearValue teams with Restb.ai to bring computer vision to appraisal process

Housing Wire

The real estate industry is racing to find ways that artificial intelligence (AI) can improve business practices. ClearValue Consulting thinks it’s found a way. The firm has partnered with Restb.ai to bring computer vision to its valuation review platform called Certainty. The companies hope Restb.ai’s technology can help ClearValue’s appraisal review clients improve efficiency and quality control while also reducing costs.

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Q&A: How Do Presidential Elections Impact the Housing Market?

Keeping Current Matters

Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market.

Marketing 249
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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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Fannie and Freddie will let more buyers off the hook for an appraisal

Inman

Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20 percent down.

Finance 184
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Howard Hanna expands its presence in Ohio, South Carolina

Real Estate News

The major independent firm announced a pair of deals this week that support its strategy of steady growth across the eastern U.S.

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Year of change: Real estate pros reflects on anniversary of Sitzer/Burnett verdict

Housing Wire

It’s been one year since the Sitzer/Burnett verdict was rendered in Missouri. What has changed for real estate brokerages since then? (Image generated by AI in Midjourney) Editor’s note: This is the fourth in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country.

Brokerage 448
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Trying to Save Money When Hiring a Real Estate Agent? Avoid These 4 “Questionable” Qualities

Lighter Side of Real Estate

According to a recent CNBC article , 33% of homeowners are willing to hire a “questionable” contractor in order to save money, defining it as “someone who isn’t exactly honest with the price, may be overestimating their skills, doesn’t do high quality work, or simply doesn’t show up for the project.” As you can imagine, doing so comes with the risk of “getting what you pay for” in the form of shoddy work… if the project gets done at all.

Agents 113
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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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Authorities arrest missing San Antonio agent’s husband

Inman

Real estate agent Suzanne Simpson has been missing since Oct. 7. Olmos Park authorities have arrested her husband, Brad, for obstructing a search of the couple's home last week.

Agents 180
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Making your pitch: What sellers want to know

Real Estate News

10 questions every listing agent had better be able to answer, from whether to list on the MLS or offer buy-side compensation to what goes into pricing a home.

MLS 228
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Why did mortgage rates rise after the negative jobs report?

Housing Wire

Today’s jobs report showed the lowest job-growth data for the year at 12,000. You would think this would cause the 10-year yield and mortgage rates to go lower. At first, this did happen, but after more digestion of the data, not only did the bond market give up all the early morning gains, but it headed higher for the day, which confused many. So, I will give you my best explanation, but I need to show all the data that came out this week.

Mortgages 508
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Thinking of Selling Your Home? Take this Seller Litmus Test

HomeLight

You may be thinking of selling your home but are still deciding whether you’re in a good position to make a move. Yes, there’s a lot to consider, but there are some simple financial, market, and life meters that can act as a litmus test to help set your course. In this brief post, we’ll provide nine initial “Am I ready?” questions to ask first if you’re thinking of selling your home.

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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.

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‘Not done’: Antitrust litigation in real estate is just warming up

Inman

In a recent webinar, Spencer Rascoff, James Dwiggins and Jack Miller discussed the future of commissions and why agents and brokers should pay attention to their legal risk.

Agents 178
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In the courts: What’s new, and what’s next

Real Estate News

There's more than $110 million at stake in a nine-brokerage commissions settlement hearing next week, while eXp has come under fire for its recent deal.

Brokerage 226
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Pending home sales jumped in September behind lower mortgage rates

Housing Wire

Lower mortgage rates in September had a measurable impact on home sales. According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% compared to August and 2.6% year over year. NAR’s index reading of 75.8 is the highest number since March. An index reading of 100 equates to sales activity in 2001.

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Buyer Representation: What’s Changed, and What Hasn’t

RIS Media

Recent changes that went into effect following the National Association of REALTORS®’ (NAR) proposed settlement* have impacted how agents work with buyers. While some things have changed, many core principles of buyer representation haven’t. What’s changed: Mandatory written buyer agreements. One of the most significant changes is the requirement for written buyer agreements to be… The post Buyer Representation: What’s Changed, and What Hasn’t appeared first on RISMedia.

Agents 116
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.