Mon.Aug 28, 2023

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NAR’s Kenny Parcell resigns after sexual harassment allegations

Housing Wire

Two days after a New York Times exposé of alleged sexual harassment and a culture of fear at the National Association of Realtors , President Kenny Parcell announced his resignation. Parcell was called out for alleged sexual harassment by 16 of the more than two dozen current and former NAR employees interviewed by the Times. “I am deeply troubled by those looking to tarnish my character and mischaracterize my well-intended actions,” Parcell wrote in a letter to NAR’s Executive Committee and Boa

MLS 458
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NAR president resigns in the wake of sexual harassment allegations

Real Estate News

Just two days after the New York Times published claims of harassment, retaliation and intimidation at the association, Kenny Parcell has stepped down.

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CFPB reaches $2.7B settlement with credit repair conglomerate

Housing Wire

The Consumer Financial Protection Bureau (CFPB) reached a multi-billion dollar settlement with a collection of brands that offer credit repair services to American consumers, the agency announced on Monday. The settlement includes some of the largest credit repair brands in the country, including Lexington Law and CreditRepair.com , following a court ruling that found the companies had collected illegal advance fees for credit repair services through telemarketing.

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Agent launches campaign calling for NAR president’s resignation

Real Estate News

A petition calling for Kenny Parcell to step down in light of allegations of sexual harassment was inspired by “very emotional” calls from NAR employees.

Agents 243
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Change Lending loses CDFI certification

Housing Wire

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported. Its parent company, The Change Company CDFI , remains as one of the certified program originators.

Lending 370
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Gen Z: The Next Generation Is Making Moves in the Housing Market

Keeping Current Matters

Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence.

Marketing 205

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2 key steps for agents generating business with builders and developers

Inman

Top real estate professionals know that opportunity can be found anywhere. And oftentimes, that opportunity lies in finding unique ways to differentiate your business expertise.

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Guild Mortgage acquires First Centennial Mortgage

Housing Wire

Retail lender Guild Mortgage announced Monday the acquisition of First Centennial Mortgage, a privately-held Illinois-based lender with 15 branches predominantly in the Midwest and a presence in 17 states. The terms of the deal were not disclosed. Guild has been acquiring lenders to expand in local markets in a purchase mortgage-focused environment.

Mortgages 367
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Off-grid luxury: 5 features of sustainable high-end living

Inman

Sustainable living was once a novelty for luxury homebuyers, but increasingly, it’s becoming a necessity. And while green architecture and design features, off-grid functionality, and a low carbon footprint may still be considered niche demands in the luxury market as a whole, they’re growing in popularity.

Design 148
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Better reports improved net loss of $45.5 million in Q2

Housing Wire

Better Home & Finance Holding , the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 million in the first half of 2023, an improvement from nearly $400 million in the same period last year, according to its 8-K filing with the Securities and Exchange Commission (SEC) on Monday. Better is focused on originating profitable business while pulling back from unprofitable channels, which resulted in the company shutting down its real estate arm and laying off employee

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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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NAR President Kenny Parcell resigns after NYT exposé

Inman

Two days after The New York Times' investigative report about alleged rampant sexual misconduct at National Association of Realtors, President Kenny Parcell has resigned from his post.

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Compass snags two Chicago-based @properties brokers

Housing Wire

Anne Hodge and Debra Dobbs are joining the Chicago office of Compass , the company announced Friday. The top agents were previously at brokerage @properties. “We are thrilled to welcome Anne and Debra to our growing Chicagoland team,” Fran Broude, regional vice president at Compass, said in a statement. With her 20 years of experience, Hodge is one of the top-producing agents in the western suburbs of Chicago.

Brokerage 350
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Texas oil heiress sells Aspen mansion for $63.75M

Inman

Christy Thompson sold the Aspen mansion that she purchased last year for $51 million to Tampa Bay Lightning owner Jeff Vinik in an off-market transaction, one of the city's biggest of the year.

Marketing 145
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ICE, Black Knight merger deal to close September 5

Housing Wire

Intercontinental Exchange Inc. (ICE) and Black Knight announced late Friday an agreement with the Federal Trade Commission (FTC) for the $11.7 billion merger deal to go through. The settlement comes months after the FTC sued ICE alleging antitrust concerns surrounding a buyout of Black Knight. According to the agreement, ICE is expected to complete the acquisition of Black Knight on September 5.

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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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Key takeaways from Inman Connect Las Vegas sponsors

Inman

Inman Connect delivers industry-leading speakers, cutting-edge panels, and growth-oriented presentations to top professionals from across the industry. Our partners are a critical part of those experiences and value the opportunity to reach these power players. We asked them for their impressions and takeaways from the event.

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NYC School Bus (Possible) Strike: What Parents Need to Know

Brownstoner

NYC School Bus (Possible) Strike: What Parents Need to Know Parents of public school children have been concerned this month about the possibility of a school bus strike in NYC. With the first day of school less than two weeks away, Mayor Eric Adams and Schools Chancellor David Banks released a… Read More > The post NYC School Bus (Possible) Strike: What Parents Need to Know appeared first on Brownstoner.

Banks 112
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‘Just being boys’: Let’s talk about NAR’s problematic culture

Inman

Trainer and former agent Rachael Hite uses NAR President Kenny Parcell's own words to illustrate what a toxic work environment is and suggests some solutions to help fix NAR's issues. NAR members need to stand up and get involved if they want to cleanup the brand's reputation in the coming months.

Branding 137
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Bedroom in The Basement: A Comprehensive Guide

Maximum Exposure Real Estate

What to Know About a Basement Bedroom Basement bedrooms offer numerous benefits, such as increased living space, increased privacy for guests and teenagers, and higher property value. Safety and building codes must be considered when adding a bedroom in the basement, including emergency exits, proper ventilation, and adherence to local construction codes.

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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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What do the Marvel movies and Coldwell Banker have in common? Storytelling ROI

Inman

The power of a story is more than just the key to movie-making magic. It’s an essential tool in any marketer’s arsenal, especially in real estate.

Marketing 145
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Investment Properties…Should You Guide Others to Buy, Buy Yourself or Both?

RIS Media

For every agent, there is usually someone pining to buy residential real estate who will follow their guidance precisely and unconditionally, knowing they are the industry expert, thus making a purchase with complete and utter confidence. That someone is themself. Investments lead to profit or loss, but it’s why you as an agent are way… The post Investment Properties…Should You Guide Others to Buy, Buy Yourself or Both?

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5 massive NYT takeaways NAR can’t escape

Inman

Debra Kamin's New York Times exposé details a culture of harassment, intimidation and denial at the National Association of Realtors. Christy Murdock digs into five key takeaways.

MLS 126
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Kenny Parcell Out as NAR President Following Scathing Sexual Harassment Exposé

RIS Media

Against the backdrop of rising controversy surrounding alleged sexual harassment, Kenny Parcell is stepping down as the president of the National Association of REALTORS® (NAR). Mere days after the New York Times released an exposé unveiling the results of its investigation of NAR and its leadership, Parcell alerted NAR Monday that he would relinquish his… The post Kenny Parcell Out as NAR President Following Scathing Sexual Harassment Exposé appeared first on RISMedia.

As-is 98
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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Who should I follow for great Instagram Reels?

Inman

Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you find content inspiration on Instagram Reels.

Agents 120
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Does a Shiny New Roof Boost Your Home’s Value? 5 Tips to Make Your Shingles a Selling Point

HomeLight

Few projects garner as much attention — and debate — as a new roof. On the surface, it’s a straightforward upgrade, designed to protect a home from the elements and possibly enhance its curb appeal. But does a shiny new roof increase home value when it’s time to sell? The answer is yes — but the ROI isn’t as cut-and-dried. Sometimes, dropping the price of your house is more cost effective than dropping tens of thousands to boost your home’s marketability.

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Stop chasing! 5 ways to attract the agents you need now

Inman

Whether you’re a team leader or broker, the way you connect with others in your area matters.

Agents 141
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Demand Grows for Walkable Communities

RIS Media

The National Association of REALTORS® recently released the latest edition of its Community & Transportation Preferences Survey, a poll taken every two to three years of residents in the 50-largest metropolitan areas to gauge partialities regarding their home’s type and location, in addition to community attributes they find desirable. The survey found that coming out… The post Demand Grows for Walkable Communities appeared first on RISMedia.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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NAR’s sexual harassment spin isn’t fooling anyone. Here’s why

Inman

In the days leading up to The New York Times exposé, NAR left a virtual bread-crumb trail for digital damage control around the topic of sexual harassment. Christy Murdock shares the messaging and how to avoid a PR nightmare.

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The Most Affordable Types of Houses to Build

RIS Media

When building a new home, the cost is often a significant consideration. Many prospective homeowners seek the most affordable options while maintaining quality and comfort. But how much does it cost to build a house? The answer is it can vary tremendously based on the type of home. We will explore the cheapest types of… The post The Most Affordable Types of Houses to Build appeared first on RISMedia.

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Pair of Prospect Heights Co-ops With Two Bathrooms, Laundry, Tower Asks $1.095 Million

Brownstoner

For co-op hunters up for a project, this proposed combination of two units in a fine 19th century Prospect Heights flats building offers high ceilings, good light, and a spacious floor plan. The two apartments are located in the front of the top story of 673 Vanderbilt Avenue in Prospect… Read More > The post Pair of Prospect Heights Co-ops With Two Bathrooms, Laundry, Tower Asks $1.095 Million appeared first on Brownstoner.

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2024 Real Estate Newsmaker Nomination Deadline is This Friday

RIS Media

This Friday—September 1, 2023—is the final day to nominate a 2024 Real Estate Newsmaker! Don’t miss your chance to acknowledge and applaud your colleagues and peers for their achievements and contributions this year. RISMedia’s 2024 Newsmakers will be spotlighted in Real Estate magazine early next year, and featured in the online Newsmakers directory at rismedia.com.… The post 2024 Real Estate Newsmaker Nomination Deadline is This Friday appeared first on RISMedia.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.