Realty Biz

JULY 17, 2023

Today’s near-record-low inventory levels give those brokerages with listings a greater advantage than ever before. While agents are scouring the market to acquire listings, it's easy to get discouraged as they potentially farm in the wrong places. This is where the power of predictive analytics comes into play. By harnessing advanced algorithms and data-driven insights, predictive analytics enables real estate professionals to proactively identify homes that are more likely to come on the mark

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Brokerage Agents Marketing Industrial 92

National Association of Realtors: Culture Scan

JULY 18, 2023

Media Misunderstands Culture of Safety in Real Estate Security expert Tracey Hawkins deconstructs a recent article from The New York Times that calls out a lack of protections for agents and brokers.

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Residential Agents 73

Inman

JULY 20, 2023

The best thing you can do for the acceleration of your real estate team, Erin McCormick Torres writes, is to attract, hire and drive immediate production for like-minded recruits.

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Brokerage Agents 148

Keeping Current Matters

JULY 17, 2023

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come.

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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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RIS Media

JULY 18, 2023

Above: Rob Thomson In an era where many brokerages are cutting costs and shrinking in the face of a downturn in the market, luxury broker Rob Thomson of Jupiter, Florida, is doing the exact opposite. He has just committed a $1.5 million contract to long-term technology and marketing partner Real Estate Webmasters (REW) in order… The post Jupiter Broker Rob Thomson Makes Million-Dollar Bet on AI + Global MLS appeared first on RISMedia.

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Housing Wire

JULY 20, 2023

Rocket Companies , the parent of Rocket Mortgage , offered another round of buyouts to its employees on Wednesday, a spokesperson confirmed to HousingWire. The buyout follows two rounds in 2022, in April and August, which resulted in a workforce reduction of about 30% last year. “Yesterday, we offered a voluntary career transition opportunity to several teams within the organization to better align resources with the needs of both our business and today’s mortgage market,” Mike

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Loan Officer Title Mortgages Banks 370

Calculated Risk Real Estate

JULY 17, 2023

In November 2021, I wrote Inventory will Tell the Tale and recounted how changes in housing inventory had helped me forecast the housing market at several key points. I believe inventory will tell the tale. That is why I watch inventory closely. So, based on the low level of inventory in March 2022, I wrote Housing: Don't Compare the Current Housing Boom to the Bubble and Bust , and I expected a decline in real house prices (inflation adjusted), and little decline in nominal prices.

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Real Estate News

JULY 20, 2023

The nation’s second-largest MLS says this move highlights the “complete flexibility” of Bright subscribers to have “transparent negotiations with clients.

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MLS 246

Real Trends

JULY 19, 2023

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. This may be the result of fewer listings and slower sales, but we do not know for certain. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract.

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Purchase and sale agreement Brokerage Agents Sales 82

Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. This change appears to possibly diverge from a National Association of Realtors rule, which states that listing agents must make an offer of cooperative compensation to buyer brokers in order to list a property on the MLS.

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MLS Agents Brokerage As-is 370

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.

Industrial

Keeping Current Matters

JULY 21, 2023

According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.

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Marketing 246

Real Estate News

JULY 21, 2023

A correction doesn't seem likely this year, but things could improve in 2024 if mortgage rates settle around 5%, says economist Matthew Gardner.

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Marketing Mortgages 246

Inman

JULY 21, 2023

As part of his Snapshot series, Brandon Doyle shares how this owner of Just Sell Homes helps clients translate their marketing message into meaningful connections.

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Marketing Agents 148

Housing Wire

JULY 21, 2023

Related to its goal of achieving profitability , title insurer Doma announced Thursday that it had sold its title operations in Texas, Minnesota, Wisconsin, Illinois and Indiana to two different companies. The financial terms of the deals were not disclosed. “These strategic transactions are aligned with our mission-driven go-forward strategy and refined focus on our core underwriting and technology business,” Max Simkoff , the founder and CEO of Doma, said in a statement. “Our Texas

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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.

Agents

Keeping Current Matters

JULY 18, 2023

Before you decide to sell your house, it’s important to know what you can expect in the current housing market.

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Marketing 246

Real Estate News

JULY 20, 2023

The 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.

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Inman

JULY 21, 2023

Backflip is an outstanding example of just how well technology can flatten the long-manual, vexing real estate practice of finding and eventually flipping, single family properties.

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Technology 148

Housing Wire

JULY 21, 2023

Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 million class action lawsuit to resolve claims surrounding a 2020 data breach. The news was first reported by legal website Top Class Action. The company, which has more than 800 employees and operates in 35 states, is accused of negligence for failing to protect its internal systems, leading to a data breach in November 2020.

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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.

Sales

Keeping Current Matters

JULY 19, 2023

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them.

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Mortgages Marketing 246

Real Estate News

JULY 20, 2023

The latest ATTOM home sale report found that second-quarter profit margins rose for the first time in a year.

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Marketing Sales 246

Inman

JULY 21, 2023

Don’t just sit back and wait for things to happen. Find the home your buyer clients are looking for and help them get to the closing table.

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Closing Brokerage Agents Marketing 148

Housing Wire

JULY 21, 2023

Lifting a ban on mortgage lenders providing down payment assistance (DPA) to Federal Housing Administration (FHA) borrowers would help underserved borrowers become homeowners, according to a paper published by the Urban Institute. Under the FHA Modernization Act of 2008 , sellers, lenders and others with a financial interest in a real estate transaction are prohibited from providing DPA to FHA borrowers.

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FHA loan Loans Mortgages Sales 370

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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.

Brokerage

Keeping Current Matters

JULY 20, 2023

You may have heard some people say it’s better to rent than buy a home right now.

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Real Estate News

JULY 20, 2023

NAR reported that existing home sales fell in June and dropped nearly 19% year-over-year. But median sale prices reached a near-record high.

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Sales 246

Inman

JULY 21, 2023

Know you need to create a farm, but not sure where to start? This step-by-step guide from Jimmy Burgess will help you choose your neighborhoods and market them effectively.

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Closing Sales Marketing Agents 148

Housing Wire

JULY 20, 2023

In the competitive world of real estate, effectively and consistently securing listings is the key to success. Whether new to the industry or a seasoned vet, it’s important to keep an open mind and innovate your strategies. By embracing different opportunities, agents can expand their chances of securing more listings and growing their business.

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Marketing Brokerage Technology Agents 370

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.

Agents

HomeLight

JULY 19, 2023

Planning how to sell a house full of stuff, whether it’s inherited or your own, is a tough task often complicated by emotions. With the death of a loved one , making funeral arrangements, dealing with grief, and managing an estate are hard enough and harder still when you have to sell a house filled with memories and belongings. If the home is yours, and you’ve decided to downsize to a smaller house, letting go of personal items you’ve collected through the years — and grown attached to but will

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Homeowner’s association Closing Sales Mortgages 122

Real Estate News

JULY 18, 2023

While rising interest rates have slowed the rate of increase, confidence is at its highest level in more than a year.

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As-is 246

Inman

JULY 21, 2023

The stories you tell yourself and the language that use can impact your attitude and performance, entrepreneur Christine George writes. Here's how to keep self-talk positive.

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Agents 148

Housing Wire

JULY 20, 2023

Months of high mortgage rates and low existing inventory led to another annual increase in new home purchases in June. Mortgage applications for new home purchases jumped 26.1% in June from the same period last year, according to the Mortgage Bankers Association builder application survey. Compared with the prior month, applications dropped by 5%. MBA estimates that about 687,000 new single-family homes were sold in June at a seasonally adjusted annual rate.

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Mortgages VA loan FHA loan Construction 370

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.

Agents