Sat.Sep 28, 2024 - Fri.Oct 04, 2024

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Law professor creates contract with buyer interests in mind

Inman

University of Buffalo contracts law professor Tanya Monestier's sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal.

Closing 165
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Housing demand firming up with lower mortgage rates

Housing Wire

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. It will likely take mortgage rates to go under 6% and stay there for an extended period to get real sustained demand growth from record-low sales levels. However, considering the affordability challenges with the housing market , it’s good to see a flip in the housing data without rates getting under 6%.

Mortgages 523
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Should this 3-page buyer agreement be a model for the industry?

Real Estate News

University at Buffalo School of Law professor Tanya Monestier’s draft agreement gets most agents “90% of the way there,” she told Real Estate News.

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This Is the Sweet Spot Homebuyers Have Been Waiting For

Keeping Current Matters

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move.

Mortgages 284
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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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Shareholders say eXp mishandled assault allegations in new lawsuit

Inman

A "culture of fear and retaliation" has damaged eXp World Holdings' image, goodwill and monetary performance amid several sexual assault lawsuits, two shareholders claim in a suit filed Wednesday.

Brokerage 154

More Trending

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Katie Johnson steps down as NAR’s chief legal officer

Real Estate News

Johnson oversaw historic — and very public — legal cases for the organization, including the buyer agent commission lawsuits and sexual harassment litigation.

Agents 297
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Home Values Rise Even as Median Prices Fall

Keeping Current Matters

Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion.

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Realtor.com’s Danielle Hale talks an ‘even bigger’ 2025 as rates drop

Inman

Ahead of Inman Connect Austin, Realtor.com Chief Economist Danielle Hale talks mortgage rates, affordability, and when agents and consumers might reach the light at the end of the tunnel.

Mortgages 162
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Katie Johnson set to resign as NAR’s chief legal officer

Housing Wire

Katie Johnson is stepping down from her role as chief legal officer for the National Association of Realtors. CEO Nykia Wright informed NAR members of the news in an email sent Tuesday and obtained by HousingWire. Johnson, who has spent 17 years at the trade association, has also been serving as NAR’s chief membership experience officer. Her last day will be Oct. 4.

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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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NAR tells sellers they don’t have to list on the MLS

Real Estate News

In its latest consumer guide, the association offers general education about MLSs while alluding to the ongoing debate over its Clear Cooperation Policy.

MLS 312
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Buying Beats Renting in 22 Major U.S. Cities

Keeping Current Matters

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments.

Mortgages 231
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Why are some agents still flirting with cooperative compensation?

Inman

Compliance expert Summer Goralik tackles why the commission-splitting debate remains unresolved and whether listing agreements should still include buyer agent compensation fields.

Agents 160
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Strong September jobs report stokes inflation concerns

Housing Wire

A stronger than expected September jobs report is not great news for the Federal Reserve or the housing industry, which was hoping for a swift decline in interest rates. Data from the U.S. Bureau of Labor Statistics released on Friday shows that 254,000 non-farm payroll jobs were added in September. This is higher than the average monthly gain of 203,000 jobs over the past 12 months.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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A double dose of good news for housing affordability

Real Estate News

Home Price Index went up 4.1%, while starter homes are more affordable than they’ve been in four years — in part due to a shift in perspective.

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Secrets To Selling Your House Quickly

Keeping Current Matters

Seeing your house sit on the market without any bites is the ultimate frustration.

Marketing 259
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Ready to invest internationally? Consider Panama real estate

Inman

The Agency Panama's Victoria Levitam offers insight into the investment potential of Panama, a hidden gem offering exceptional opportunity and quality of life.

Brokerage 162
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14 spooktacular Halloween real estate marketing ideas

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. It’s almost that time of year! The leaves are starting to turn, kids are back in school, and the fall real estate market is in full swing. We have only three months until the end of the year, so if you’re looking to close a few more deals and fill your pipeline for the spring, the time to put in the work is now.

Marketing 460
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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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Newly ID’d opt-ins will add $30 million to NAR settlement fund

Real Estate News

Plaintiffs in the Sitzer/Burnett commissions case are seeking preliminary approval for deals with 15 non-Realtor MLSs and 13 real estate brokerages.

Brokerage 260
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Beloved Williamsburg Comic Store Desert Island to Close Due to Rent Hike

Brownstoner

Another beloved Brooklyn business is biting the dust, and more changes are coming to its busy thoroughfare. Desert Island comic store announced on Instagram yesterday that it would be closing its doors come the end of the year due to the landlord almost doubling the rent. Desert Island opened at 540… Read More > The post Beloved Williamsburg Comic Store Desert Island to Close Due to Rent Hike appeared first on Brownstoner.

Closing 130
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Mortgage rates are soaring on strong September jobs report

Inman

With a soft landing seen as more likely, analysts say Fed policymakers can now afford to be more cautious about the pace of future rate cuts, and mortgage rates aren't likely to fall below 6 percent anytime soon.

Mortgages 152
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Texas-based MLSs announce data sharing agreement

Housing Wire

Three Texas-based multiple listings services (MLSs) are teaming up. The Houston Association of Realtors (HAR) , San Antonio Board of Realtors (SABOR) and Austin-based Unlock MLS are entering into a data sharing agreement that will give Realtors access to each other’s listings, with the deal set to be finalized by the end of the year. “Comparative market intelligence empowers agents to think differently about their own marketplace and deliver more robust and tailored market expertise to their cli

MLS 451
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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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More objections pour in over settlements involving Compass, Redfin

Real Estate News

A total of nine brokerages have settled in the Gibson/Umpa case, but objectors balk at damage amounts and cite concerns over the impact on homebuyer claims.

Brokerage 249
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New Listings Increase as Mortgage Rates Decline, Slowly Eroding ‘Lock-in Effect’

RIS Media

Homeowners are showing a willingness to put their homes on the market at increasing rates, marking a continuous shift away from the “lock-in effect,” as detailed in Realtor.com®’s September Housing Trends Report. Active listings were up 34% year-over-year, though that number was still down 23.2% within a five-year timespan. The average median home listing price… The post New Listings Increase as Mortgage Rates Decline, Slowly Eroding ‘Lock-in Effect’ appeared first on RISMedia.

Mortgages 124
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Disney unveils first luxury Storyliving community in California

Inman

Homes in Cotino will start at $1 million, with more lavish properties exceeding $2 million, reflecting premium features and signature Disney touches. Built by award-winning developers -- Shea Homes, Woodbridge Pacific Group and Davidson Communities -- these homes will cater to a wide range of buyers, including those 55 and older.

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First-time buyers hampered as starter homes become much less affordable

Housing Wire

Starter homes are more affordable to the average American than they were a year ago, but they have become significantly less affordable over the past decade. That’s the conclusion Redfin reached in a data report released Monday. The national real estate brokerage analyzed household income levels and monthly housing payments to calculate its affordability metric.

Mortgages 460
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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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Agent mood improving post-settlement — a little

Real Estate News

Agents are slowly warming up to the new reality in real estate sales, though most still believe the NAR settlement will have a negative effect on the industry.

Agents 257
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Harnessing Transparency and Technology for Success

RIS Media

Ryan Rodenbeck Owner Spyglass Realty, a member of Leading Real Estate Companies of the World® Austin, Texas [link] Region served: Greater Austin Years in real estate: 20 Number of offices: 2 Number of agents: 145 How do you ensure open and honest communication with your agents, especially when it comes to their performance and growth?… The post Harnessing Transparency and Technology for Success appeared first on RISMedia.

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All eyes are focused on Clear Cooperation: The Download

Inman

It seems everyone's talking about Clear Cooperation these days. Is the policy a power grab from NAR and the MLSs or a sincere effort to level the playing field for buyers?

Brokerage 165