Fri.Jul 21, 2023

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Bright MLS to allow $0 buyer broker commissions

Housing Wire

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. This change appears to possibly diverge from a National Association of Realtors rule, which states that listing agents must make an offer of cooperative compensation to buyer brokers in order to list a property on the MLS.

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Housing Market Decoded: Don't expect price drops. yet

Real Estate News

A correction doesn't seem likely this year, but things could improve in 2024 if mortgage rates settle around 5%, says economist Matthew Gardner.

Marketing 246
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Doma sells Midwest and Texas title operations

Housing Wire

Related to its goal of achieving profitability , title insurer Doma announced Thursday that it had sold its title operations in Texas, Minnesota, Wisconsin, Illinois and Indiana to two different companies. The financial terms of the deals were not disclosed. “These strategic transactions are aligned with our mission-driven go-forward strategy and refined focus on our core underwriting and technology business,” Max Simkoff , the founder and CEO of Doma, said in a statement. “Our Texas

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Brokerage Beat: News from Real, C21, Pacific Sotheby's, more

Real Estate News

Top Dallas team joins Real; C21 adds affiliates in Missouri, Colorado; Pacific Sotheby's Realty, BHHS, CB Warburg gain agents; The Agency adds design partner.

Brokerage 220
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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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Citywide Home Loans settles a $1.2M data breach lawsuit

Housing Wire

Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 million class action lawsuit to resolve claims surrounding a 2020 data breach. The news was first reported by legal website Top Class Action. The company, which has more than 800 employees and operates in 35 states, is accused of negligence for failing to protect its internal systems, leading to a data breach in November 2020.

Loans 357
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NAR 'confident' in the face of challenges to compensation

Real Estate News

The association believes it will prevail in court, but also “highly encourages agents to use buyer broker agreements.

Agents 200

More Trending

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How to plant your geo-farm to harvest closed sales this fall

Inman

Know you need to create a farm, but not sure where to start? This step-by-step guide from Jimmy Burgess will help you choose your neighborhoods and market them effectively.

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Livian, a Keller Williams mega team, welcomes ex-Side exec Jon Boller as president

Housing Wire

Livian, a Vermont-based mega team at Keller Williams , has a new president. Former Side executive Jon Boller started on Monday, Livian said in a statement. Boller is in charge of the growth, refinement, and scaling of its platform. Livian, one of the country’s top mega teams, currently boasts a network of 72 real estate teams spread across 35 states, housing a total of 738 agents nationwide.

Agents 348
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Keller Williams mega team taps ex-Side exec Jon Boller as president

Inman

Jon Boller, Side's former Go-To-Market Strategy vice president, will take on a new role at Livian, Keller Williams' mega team. Boller will oversee growth for the brand's 35-state footprint.

Branding 130
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Indie brokerage Trompeter Real Estate joins SERHANT.

Housing Wire

Trompeter Real Estate , a boutique brokerage in Jersey City, has joined Ryan Serhant ’s eponymous brokerage SERHANT. Co-founded by Mark Trompeter and Enrique Napoles, Trompeter Real Estate is the third independent brokerage to join SERHANT. in the last couple of months. Prakas Real Estate , led by Christian Prakas in Florida, as well as Bowes Real Estate , led by Christopher Bowes in South Carolina, joined earlier this year. “We are finding that independent brokerages across the country ha

Brokerage 332
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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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7 strategies to keep self-talk sabotage at bay

Inman

The stories you tell yourself and the language that use can impact your attitude and performance, entrepreneur Christine George writes. Here's how to keep self-talk positive.

Agents 130
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Maggie Wu’s top performing team makes the jump back to Compass

Housing Wire

Maggie Wu has returned to Compass , and she’s bringing her four-person The W Team to the New York brokerage. With the move, Wu returns to where she began her career as junior partner on the Jing Chen Team in 2019. In December 2021, she had left Compass to join the young brokerage SERHANT. where she launched her own team. In 2023, the W Team closed an impressive $102,683,254 in sales volume, earning her team the #21 rank in New York City and #36 position in New York State by RealTrends for

Brokerage 327
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How this digital marketing expert provides ‘aha moments’ for agents

Inman

As part of his Snapshot series, Brandon Doyle shares how this owner of Just Sell Homes helps clients translate their marketing message into meaningful connections.

Marketing 143
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What Does a Land Surveyor Do?

RIS Media

Land surveying is crucial in land development, construction, and property management. While many people may be familiar with the term “land surveyor,” their specific duties and responsibilities are often misunderstood. We will delve into the work of a land surveyor and shed light on the essential tasks they perform to ensure accurate and reliable property… The post What Does a Land Surveyor Do?

Land 98
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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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The shiny objects keeping you from serving your clients

Inman

Don’t just sit back and wait for things to happen. Find the home your buyer clients are looking for and help them get to the closing table.

Closing 135
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Love (and Home Buying) Bring Us Together: Married Vs. Unmarried Couples in the Housing Market

RIS Media

Couples who have recently made a home purchase may now be enjoying summer in their new home. Let’s look at their experience in the housing market. Married couples account for the largest share of homebuyers at 61%, while unmarried couples account for 10% of the market. Notably, unmarried couples are a sizable share of the… The post Love (and Home Buying) Bring Us Together: Married Vs.

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Got a case of the Mondays? Here’s Inman’s Top 5

Inman

Wondering what you missed this week? Catch up with Inman's Top 5 stories for the week of July 14-21, 2023.

Agents 121
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Looming Commission Lawsuit Trial Spurs Talks of Improved Transparency

RIS Media

Since real estate is a relationship business, it stands to reason that trust is an essential cog in an agent’s game plan. As it pertains to the consumer experience, that trust hinges—to some degree—on the level of transparency the agent can provide as far as the intricacies of the transaction process and the work that… The post Looming Commission Lawsuit Trial Spurs Talks of Improved Transparency appeared first on RISMedia.

Agents 98
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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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New Yorkers are white-knuckling a turbulent summer buyer’s market

Inman

Like the energy of its premier city, homebuyers and sellers in New York State are grappling with a rollercoaster summer, with extreme buyers' and sellers' markets taking consumers on a wild ride.

Marketing 102
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The Best Rental Markets This Season

RIS Media

With the housing market continuing to experience challenges in the form of elevated mortgage rates and high home prices, renting has become a frequented option for would-be buyers. But, with rent prices rising in response to today’s challenging housing market and low levels of inventory, where can renters turn to find the best rental markets? … The post The Best Rental Markets This Season appeared first on RISMedia.

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Amid the steel and glass, a warmer, fuzzier Billionaires’ Row emerges

Inman

As Billionaires' Row continues to reshape Manhattan's skyline one 'supertall' at a time, agents say a new class of buyer is gradually reshaping the demographics of New York's most exclusive block.

Agents 102
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Friday Flash: Taylor gets her license

1000Watt

Hi, it’s Taylor Swift. Home is a special place. Growing up, home was where I felt most free to be myself. I know you have that feeling too. It’s in all of us. Finding a home in which you can live your best life is a journey, and it’s so important to have someone you trust to guide you. I have come to understand just how important having that person is when buying or selling a home.

Agents 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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Home Sales Up in June, Report Finds

RIS Media

RE/MAX has posted its National Housing Report for June 2023. The report—with new installments released monthly—tracks national changes in the housing market, based on collected MLS data from 52 metropolitan areas. Key details: Months’ Supply of Inventory (an average of the 52 surveyed areas) in June was 1.4, up from May’s 1.3, but below the… The post Home Sales Up in June, Report Finds appeared first on RISMedia.

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Employment Situation in June: State-Level Analysis

Eye on Housing

Nonfarm payroll employment increased in 38 states and the District of Columbia in June compared to the previous month, while 12 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 209,000 in June, following a gain of 306,000 jobs in May. On a month-over-month basis, employment data was strong in Texas, which.

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Listen Up! Key Talking Points That Lead to Non-Stop Commissions

RIS Media

Every client is different. Every house is different. Every selling season is different. But you know what should never be different? The residential real estate beliefs, tactics and selling strategies you establish over time that lead to one closing after another. Almost all homebuyers have established themselves professionally and/or financially. They’re usually educated and well-spoken.… The post Listen Up!

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You Could be in a New Home for the Holidays

Coldwell Banker

Have you been dreaming of selling your home, buying a new one and moving in before the holidays? This scenario is actually fairly common and totally doable. A knowledgeable agent can guide you through the process, negotiate the best terms and get you into a new home – all in time to celebrate with family […] The post You Could be in a New Home for the Holidays appeared first on Coldwell Banker Blue Matter.

Agents 95
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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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Summer Home Maintenance Checklist

RIS Media

Between summer vacations, pool days, and barbecues, summer home maintenance projects may take a backseat to a fun-filled summer in the sun. However, prioritizing the items you need to address and assessing the things you can DIY vs. hiring a professional can keep your home functioning optimally and prevent any more significant maintenance issues. Read… The post Summer Home Maintenance Checklist appeared first on RISMedia.

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Loan-to-Value Ratio (LTV): What Is It & How to Calculate It

Bigger Pockets

Understanding your loan-to-value ratio is vital when estimating your mortgage approval odds. Learn how to calculate your LTV and how it impacts your investment.

Loans 97
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Mortgage Mix: Rocket Offers Buyouts While Rates Decline

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Will they stay, or will they go? That’s the question likely weighing on Rocket Mortgage employees after parent company Rocket Companies Inc. offered buyouts to teams throughout the company. According to Mike Malloy, chief administrative… The post Mortgage Mix: Rocket Offers Buyouts While Rates Decline appeared first on RISMedia.

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

HomeLight

As a homeowner in Massachusetts, you may find yourself in a situation where you need to sell your house quickly. Whether it’s a planned move or an unexpected life change, navigating the Massachusetts real estate market efficiently and swiftly can seem like a daunting task. In this guide, we’ll outline some of the most effective ways to expedite your house sale in Massachusetts.

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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.