Housing Wire

FEBRUARY 3, 2025

Material contracts There may be numerous contracts containing provisions that may trigger liability or exposure upon the sale of a business. These issues are not a consideration when the M&A discussions begin, but it could significantly impact the final purchase price in order to address an unforeseen liability.

Due diligence 418

Due diligence Purchase and sale agreement Industrial Mortgages 418

Housing Wire

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. It is quite common that our customers are faced with challenges around selling their current home before they can purchase a new home,” Ruoff Mortgage CEO Clint Morgan said in a statement.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

NOVEMBER 5, 2024

And for all talk about getting a good deal on a purchase or sale, people still just want to find the right home and have a smooth process. 1 need, while only 14% said they wanted help in negotiating the terms of the sale. The survey also shed light on the different methods by which agents are marketing homes for sale.

Purchase and sale agreement 435

Purchase and sale agreement Agents MLS Sales 435

Housing Wire

MARCH 20, 2025

on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. Monarch Mortgage provides mortgage banking services, including the origination and processing of residential mortgages primarily for sale on the secondary market.

Banks 329

Banks Purchase and sale agreement Mortgages Residential 329

Housing Wire

FEBRUARY 1, 2025

HomeLight notes that this is becoming more common for existing-home sales. HomeLight also highlighted an increase in cash-only purchases as a factor that’s keeping first-time buyers away from the market, as they must compete with all-cash buyers and real estate investors.

Purchase and sale agreement 482

Purchase and sale agreement Mortgages Agents Brokerage 482

Housing Wire

FEBRUARY 28, 2024

According to the National Association of Realtors , in 2023, 41% of surveyed buyers signed agency agreements, up from 35% in 2022. Additionally, the CFA noted that at least 13 states require brokers to use buyer agency agreements. This provision has the potential to inflate seller or buyer costs,” the report states.

Purchase and sale agreement 480

Purchase and sale agreement Agents Brokerage Industrial 480

Housing Wire

SEPTEMBER 27, 2024

REcolorado announced on Friday that its sale to the Joseph Burks-owned entity MAZL has been finalized, three months after the two Realtor associations that previously owned the MLS fired the board of directors over an alleged breach of a confidentiality agreement. “We The new agreement, which agents have until Oct.

Purchase and sale agreement 476

Purchase and sale agreement Sales MLS Agents 476

Housing Wire

MARCH 29, 2023

title insurance company had “no-poach” agreements with rivals. My office will continue standing up for workers’ rights by stopping no-poach agreements and holding companies accountable for their bad actions.” The agreement comes as Fidelity’s volumes are declining due to fewer real estate sales.

Purchase and sale agreement 393

Purchase and sale agreement Title Closing Industrial 393

Housing Wire

DECEMBER 17, 2024

The accusations also include the forging of documents (such as a fake purchase agreement and fake earnest money deposit records), the breaching of fiduciary duties to the Campolis and the prioritization of their own financial interests in earning a commission for the sale.

Earnest money deposit 397

Earnest money deposit Purchase and sale agreement Title Banks 397

Housing Wire

OCTOBER 2, 2024

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. After Burks purchased the MLS in June, REcolorado rolled out a revised participation agreement to its members. The new participation agreement — and possibly Bennett’s promotion — only fuels this fear. ”

Purchase and sale agreement 435

Purchase and sale agreement Sales MLS Industrial 435

Housing Wire

NOVEMBER 15, 2024

Some states do not have any reciprocity agreements at all. To illustrate, if you’re moving from California to New York, you’re out of luck, since California does not have reciprocity agreements with any other state. Suppose that same client opts to purchase a vacation property on the Georgia coast instead.

Purchase and sale agreement 370

Purchase and sale agreement Agents Pre-approval As-is 370

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. The terms of the deal were not disclosed.

Debt-to-income ratio 435

Debt-to-income ratio Purchase and sale agreement Sales Loans 435

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

AUGUST 26, 2024

Move Sales , OpCity Acquisitions , OpCity Inc. It also alleges that NAR relied upon the co-defendants to build its membership ranks through this licensing agreement. who purchased leads, including the so-called fake leads, from the defendants between Aug. The suit claims that NAR, along with Move Inc., and REA Group Ltd.

Purchase and sale agreement 514

Purchase and sale agreement Sales Agents Design 514

Housing Wire

NOVEMBER 5, 2024

As an example of initiatives included in the new plan, the lender announced this week a joint venture agreement with Smith Douglas Homes , a top 50 homebuilder with a solid book of business in Southern states. Its pull-through gain-on-sale margin was 3.29% in Q3 2024, compared to 3.22% in Q2 2024. Origination volume was $6.7

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

Housing Wire

FEBRUARY 11, 2025

This agreement is really a great win-win, Zillow CEO Jeremy Wacksman said on the earnings call. Origination volume is up even more, as the company’s purchase loan volume doubled in 2024, while refinance originations rose 69%. The deal has a five-year term with two options to extend it by two years.

Purchase and sale agreement 349

Purchase and sale agreement Loan Officer Loans Finance 349

Housing Wire

MARCH 15, 2024

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move. HTL offers a whole suite of products.

Purchase and sale agreement 448

Purchase and sale agreement Equity Loan Officer Mortgages 448

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. In Florida, Tom Baker — the district sales manager of The Keyes Co.’

Purchase and sale agreement 468

Purchase and sale agreement Agents Sales Closing 468

Housing Wire

NOVEMBER 17, 2023

pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

Purchase and sale agreement 448

Purchase and sale agreement Sales Closing costs Closing 448

Housing Wire

MARCH 25, 2025

A 2015 study published by the American Economic Association found that real estate agents who purchased homes for themselves paid approximately 4% less than the prices their clients paid. Here, as well, the harder and smarter the buyers agent negotiates on behalf of her client, the less she gets paid at closing.

Agents 366

Agents Title Closing Sales 366

Housing Wire

JUNE 28, 2022

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015. The post Fannie Mae finalizes first nonperforming loan sale of the year appeared first on HousingWire. BofA Securities Inc.

Loans 397

Loans Purchase and sale agreement Sales Principal 397

Housing Wire

AUGUST 13, 2024

According to Anthony Lamacchia , the broker-owner of Lamacchia Realty , he and his agents have seen disputes over buyer broker fees for years, highlighting the importance of having a signed buyer representation agreement , which will soon be required by the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement.

Purchase and sale agreement 482

Purchase and sale agreement Agents Brokerage Industrial 482

Housing Wire

JUNE 14, 2022

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 The transaction, which represents Fannie Mae’s first nonperforming loans sale this year, is slated to close July 27. Terms of the sale were not disclosed.

Loans 370

Loans Purchase and sale agreement Sales Principal 370

Housing Wire

AUGUST 1, 2024

As brokerage firms fine tune how to handle the business practice changes outlined in the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , which are set to go into effect on August 17 , many are focusing on how their agents will handle compensation on both the buy-side and the sell-side.

Purchase and sale agreement 448

Purchase and sale agreement MLS Agents Brokerage 448

Housing Wire

FEBRUARY 2, 2024

Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.

Purchase and sale agreement 493

Purchase and sale agreement Agents Closing Brokerage 493

Housing Wire

MAY 20, 2024

The settlement will require buyers to sign written buyer agreements that clearly disclose how much and by whom their broker are compensated. The negotiation would continue until the parties agreed to the terms of the sale. The final sales contract would be a document that supported the distribution of the funds at the closing.

Purchase and sale agreement 466

Purchase and sale agreement Agents Seller concession Closing costs 466

Housing Wire

JULY 10, 2024

In addition to general advisory consulting, I was involved in nearly 1,000 sales or acquisitions of entities in this industry. Like many, I read with some interest the controversy surrounding the announced sale of REColorado, a Denver market area MLS , by its two shareholders to a private group.

Purchase and sale agreement 435

Purchase and sale agreement Due diligence MLS Brokerage 435

Housing Wire

DECEMBER 27, 2024

The Specialized Team Every team members role is based on their strengths agents specialize in either listings or sales, while support staff focuses on marketing or transactional details. These roles include: Buyers agents: These agents focus on helping clients purchase a new home. Take your time and review the document thoroughly.

Purchase and sale agreement 418

Purchase and sale agreement Branding Agents Closing 418

Housing Wire

AUGUST 10, 2022

Rising interest rates have crimped loan production for virtually all mortgage lenders as more and more borrowers are forced to forestall home purchases or have no incentive to refinance. The sale of MSRs does not directly impact earnings as a revenue stream, given the MSRs are already accounted for as assets on the balance sheet.

Sales 418

Sales Purchase and sale agreement Loans Mortgages 418

Housing Wire

MAY 8, 2024

The plaintiffs in the Batton 1 homebuyer commission lawsuit are making a last-minute effort to prevent the court from granting final approval to the commission lawsuit settlement agreements reached by Anywhere , Keller Williams and RE/MAX on Thursday.

Purchase and sale agreement 448

Purchase and sale agreement Residential Brokerage Development 448

Housing Wire

MARCH 17, 2025

Through this setup, Newhart and the other Defendants attempted to mask the kickbacks they paid to Real Estate Professionals as sales of stock and profit distributions to shareholders, the complaint states. The Class II Units were owned by entities controlled and largely beneficially owned by Newhart and Trinidad.

Brokerage 293

Brokerage Mortgages Purchase and sale agreement Loans 293

Housing Wire

MARCH 12, 2024

First piloted in a handful of markets in September 2023 and formally launched in early February, the Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5%

Purchase and sale agreement 473

Purchase and sale agreement Brokerage Agents Closing 473

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. Although you can sell your home for whatever price you like, a controlled sale may incur certain tax liabilities for both parties. Put everything in writing.

Purchase and sale agreement 459

Purchase and sale agreement Finance Closing costs Closing 459

Housing Wire

AUGUST 21, 2024

While there have not been any “ horror stories ” in the first few days since business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement were implemented, that doesn’t mean it has been completely smooth sailing for real estate professionals.

Purchase and sale agreement 482

Purchase and sale agreement Agents Industrial As-is 482

Housing Wire

JULY 30, 2024

The nation’s largest MLS also added a field to indicate whether the amount being offered was a dollar amount of a percentage of the sales price of the home. The modified forms, including the Residential Listing Agreement (RLA) and the Multiple Listing Service Addendum (MLSA), do not include offers of broker-to-broker compensation.

Seller concession 459

Seller concession Purchase and sale agreement MLS Residential 459

Housing Wire

AUGUST 19, 2024

17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. The landmark date of Aug.

Purchase and sale agreement 476

Purchase and sale agreement Agents MLS Seller concession 476

Housing Wire

JULY 9, 2024

Residential sale-leaseback platform EasyKnock continues to face scrutiny from state regulators and is now under fire from disgruntled consumers. EasyKnock agreed to permanently end its sale-leaseback solution in Massachusetts, and to pay $200,000 to the state as part of the terms of its settlement.

Purchase and sale agreement 448

Purchase and sale agreement Equity Lending Investor 448