Wed.Nov 20, 2024

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Momentum Builder buys Sales Mastery, creating new ‘super brand’

Housing Wire

Momentum Builder has acquired Sales Mastery , the companies announced Wednesday. The merger of two industry leaders in sales training and coaching will result in a “unified super brand” that will be known as Sales Mastery Powered by Momentum Builder, the companies said in a press release. “The launch of Sales Mastery Powered by Momentum Builder marks a transformative moment in the housing industry, signaling a seismic shift in how sales professionals will approach success,” said Todd Dunca

Branding 370
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What’s Behind Today’s Mortgage Rate Volatility?

Keeping Current Matters

If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride.

Mortgages 219
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Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

In today’s economy, mortgage rates and housing expenses have consistently risen. As a result, older citizens are tapping into their retirement savings to cover costs—if they have it. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.

Equity 357
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Home values now rising faster in areas with lower climate risks

Real Estate News

The reversal follows 14 years of larger gains for homes in high-risk areas, suggesting that buyers may be less willing to move to disaster-prone regions.

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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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Getting back to basics: Creating success in today’s market

Housing Wire

The current mortgage market starkly contrasts with the booming years of 2020 and 2021. Both borrowers and loan officers face a changed—and changing—landscape. However, success remains within reach for those committed to adapting. The winners in every market know how to take advantage of opportunities, and below I’ve outlined some actionable advice on how to approach this market with that winning mindset.

Marketing 346
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Corcoran gains 400+ agents with new DC-area affiliate

Real Estate News

The luxury-focused firm announced its first franchise in the D.C. metro, which will boost its total agent count and number of offices by nearly 10% each.

Agents 147

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Why real estate is struggling to keep up with a rising US economy

Inman

The nation's real gross domestic product grew at an annual rate of 2.8 percent in the third quarter of the year. But with falling sales and tapering price growth, agents could be forgiven for feeling left out.

Agents 120
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HSBC commits $25M to NCRC partnership following redlining allegations

Housing Wire

HSBC has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC) following allegations of redlining , the parties announced on Wednesday. In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S.

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From W2 to 1099: How to set up your new real estate business

Inman

Rick Guerrero talks to coach Katherine Loucaidou about making the leap from a steady full-time job to running your own real estate business.

Agents 129
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Antitrust lawsuit over MLS access dismissed in California

Housing Wire

The National Association of Realtors (NAR) is getting a temporary reprieve from the latest antitrust suit it’s fighting regarding “three-way membership agreements” for MLS access. On Monday, the complaint filed earlier this month in U.S. District Court in Los Angeles by John Diaz was dismissed by Judge Dolly Gee. According to the judge’s ruling, the complaint was dismissed as it did not comply with a local court rule which requires that all documents, except declarations, to be

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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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What are you most grateful for this year? Pulse

Inman

It's time for a vibe check as we gear up for Thanksgiving, so let us know what you're most grateful for this holiday season.

Agents 115
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How HousingWire’s 2025 market forecast compares to others

Housing Wire

The 2024 housing market is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housing market. The report offers hope that next year will be better than the last, but only to an extent.

Marketing 298
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Lesson Learned: Don’t be afraid to ask questions

Inman

Find out how New York City real estate agent Andrea Wernick became a seller specialist and why she believes in the power of staging.

Staging 112
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Credit reports will be at least 20% more expensive in 2025, frustrated mortgage execs say

Housing Wire

Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. And the soaring costs will hit as lenders try to dig out from multiple years of financial losses and mass layoffs. In early November, Fair Isaac Corp. (FICO), the company behind the widely used consumer credit-risk assessment methodology, announced an increase in its wholesale royalty for mortgage originations from $3.50 to $4.95 per score.

Mortgages 246
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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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Immigrant Share in Construction Sets New Record

Eye on Housing

Reflecting the sharp increase in net immigration of recent years, the number of new immigrants joining the construction industry rose substantially in 2022. According to the latest American Community Survey (ACS), the industry managed to attract close to 130,000 new workers coming from outside the U.S. to help with persistent labor shortages. For comparison, this.

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10.5 million borrowers at or over age 65 still have forward mortgages

Housing Wire

While many older homeowners own their properties free and clear of a mortgage payment, this is not a feasible reality for many seniors. In fact, more than 10.5 million Americans at or over the age of 65 still pay into a forward mortgage loan, according to a study conducted by LendingTree. To get a better grasp of the dynamics involved with older homeowners maintaining their existing mortgages, LendingTree took a closer look at data from the U.S.

Mortgages 195
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Lamacchia Realty finalizes Stone Ridge Properties acquisition

Inman

The acquisition of the Massachusetts-based brokerage marks Lamacchia Realty's 10th acquisition in the state over the past 16 months, adding offices in Newburyport and Amesbury.

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Side seeks more than $4 million from Alexander brothers, Official Partners

Housing Wire

White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. According to an amended complaint filed this week, Side alleges that Official Partners and its founders Tal and Oren Alexander committed multiple events of default on a $4.6 million promissory note Side extended in April. Side claims the current balance owed is $4.2 million, and the note continues to accrue interest.

Brokerage 195
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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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7 DIY Primary Bedroom Staging Tips for the Oasis Every Buyer Dreams About

HomeLight

The primary bedroom plays a pivotal role in home staging because it’s often considered the emotional centerpiece of the home. Buyers imagine it as a personal sanctuary, a place where they can unwind, rest, and escape the stresses of everyday life. The right staging here can leave a lasting impression, transforming the room from a mere sleeping space into a luxurious, welcoming retreat.

Staging 98
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Rate announces revamp of reverse mortgage division with industry veterans

Housing Wire

Chicago-based multichannel mortgage lender Rate , formerly known as Guaranteed Rate , has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with older borrowers. Jesse Allen, most recently of OneTrust Home Loans and formerly of American Advisors Group (AAG), has been appointed to the role of president for the division.

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How to Sell My House Fast in Bradenton: Cash Offer Options

HomeLight

As a homeowner in Bradenton, you may find yourself in a situation where you need to sell your house faster than planned. Whether it’s an unexpected life change or a thought-out move with an impending deadline, navigating Florida’s real estate market swiftly and efficiently can seem like an intimidating task. In this post, we’ll provide expert insights to help you understand your fastest-selling options in The Friendly City, from presenting the pros and cons of requesting a cash offer to the perk

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How the “lavish” comp and perks NAR leaders enjoy compares to other housing trade groups

Housing Wire

NAR’s volunteer leaders receive financial benefits that no other nonprofit in the housing space comes close to matching, 990 filings reveal. Earlier this week the National Association of Realtors (NAR) made headlines for the extravagant perks and compensation its executives and volunteer leaders receive. A New York Times investigation detailed the lavish perks enjoyed by trade group executives, particularly former CEO Bob Goldberg, who had three memberships to exclusive country clubs, paid

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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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NAR CEO Nykia Wright to Headline RISMedia’s ‘Rocking in the New Year’ Educational Event

RIS Media

As residential real estate professionals look to put a difficult year behind them, RISMedia has released the agenda and speakers for its fourth annual “Real Estate’s Rocking in the New Year” event—”Ready to Thrive in 2025″—designed to help brokers and agents start the year strong and succeed in the months ahead. Kicking off the virtual… The post NAR CEO Nykia Wright to Headline RISMedia’s ‘Rocking in the New Year’ Educational Event appeared f

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Fannie Mae’s new version of DU to focus on credit risks

Housing Wire

Fannie Mae on Wednesday announced that its next version of the Desktop Underwriter (DU) software platform will be available for users on Jan. 11. The platform will feature “enhanced” risk assessment by incorporating new data points, including updated market conditions and loan performance data in its assessment functionality. Fannie Mae said that DU version 12.0 represents “a major update to DU’s credit risk assessment and opens new opportunities for homeownership ,” while claiming it will also

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What You Need to Know About Pre-Listing Inspections in Seattle

Mandrona Group

“Homes that have a pre-listing inspection generally sell faster and have fewer inspection-related issues to negotiate, enabling a smoother transaction.

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Normal Wear & Tear vs Property Damage Guide (+ Checklist)

The Close

Over time, rental properties naturally show signs of aging and regular use, also known as normal wear and tear. But what is considered normal wear and tear in a rental, and how does it differ from actual tenant-caused damage? Understanding the distinction helps landlords and tenants navigate repair responsibilities and avoid conflicts. I’ll explore what’s considered normal wear and tear for rentals​ versus damage, how to document and deduct damage expenses from a security deposit, and how

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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A Masterpiece of Education: Flatbush’s Erasmus Hall Academy and High School

Brownstoner

When the Dutch and then the English established settlements and towns in Brooklyn in the late 1600s, aside from homes, the first three buildings to go up were usually a church, a tavern and a school. (Not necessarily in that order.) It was felt that it was important for a… Read More > The post A Masterpiece of Education: Flatbush’s Erasmus Hall Academy and High School appeared first on Brownstoner.

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What is Commercial Property Insurance? A Complete Investor Guide

The Close

Insurance may not seem sexy, but you better have it when building your real estate empire. If your property isn’t insured, it can disappear in one bad storm. Don’t be that person who sees their fortune washed away overnight simply because they never purchased insurance. When writing your company’s real estate business plan, remember that commercial property insurance is first-party coverage for your property.

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Did the NAR Settlement Lower Commissions? Here’s What the Numbers Look Like Three Months After

Bigger Pockets

After a mammoth $418 million National Association of Realtors (NAR) settlement threatened to decimate real estate agent commissions, AccountTECH, an accounting software firm, has crunched the numbers to see how […]

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Is Your Multi-Family Building Ready for Winter? Here’s How to Save on Insurance

Brownstoner

Winter is tough on Brooklyn's aging brownstones. More pipes are freezing, roofs are getting damaged by wind, and people are slipping on icy sidewalks. For owners, these increased claims are one reason why multi-family apartment insurance rates are jumping up 20 percent to 25 percent every year. Your building might be… Read More > The post Is Your Multi-Family Building Ready for Winter?

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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.