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

Housing Wire

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, saying they don’t do enough to protect consumers. I have spent about six months trying to understand the settlement, the industry, real estate practices, forms, etc.

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The lean, mean (illegal?) 1099 LO machine

Housing Wire

In his view, these LOs are getting paid on the terms of the loan, which he and more than one industry lawyer I spoke to believes is a violation of LO Comp rules. The brokerage takes 20% but, per the source, really only offers system access (ARIVE in most cases), investor approvals and AMC access.

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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

Some popular real estate newsletter content includes: Market updates Featured listings Industry news Local news Community events Agent profiles Investment opportunities No matter what content you choose to include, your real estate newsletter should serve as a meaningful touchpoint that continuously builds your client relationships.

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Sierra Pacific’s Fast Track process gives brokers a more robust pre-approval, shortening cycle times

Housing Wire

This gives brokers a more robust pre-approval that can compete with cash offers, and subsequently, shorten the processing and underwriting cycle times by almost half. The post Sierra Pacific’s Fast Track process gives brokers a more robust pre-approval, shortening cycle times appeared first on HousingWire.

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Why is our industry still transferring money with paper checks?

Housing Wire

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” and get a pre-approval for a mortgage from the comfort of your own laptop. That’s just the beginning.

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Are you prepared to respond as borrower demand shifts?

Housing Wire

According to data from the ICE Mortgage Monitor , mortgage servicers across the industry saw refinance retention in the second quarter fall to the second-lowest point in 17 years. When rates drop, retention becomes more difficult, and the market tends to favor consumer-direct lenders promoting more attractive refinance or HELOC rates.

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9 expert tips to close real estate deals faster & easier

Housing Wire

Pre-qualify your leads Honing your pre-qualification process will save you time and energy by ensuring youre focusing on potential clients who are ready, willing and able to buy or sell soon. Pre-market your listings Sell your listings faster, possibly even before they hit the market, by pre-marketing them.

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