Thu.Apr 11, 2024

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Now unshackled, the DOJ casts a large shadow over the commission lawsuit settlement

Housing Wire

Many real estate executives and analysts believe that the Department of Justice , now with the green light to reopen its investigation into the National Association of Realtors , will shake up the civil commission lawsuit settlement agreement. But legal experts are not as certain. Now unshackled , the DOJ could file a statement on interest in the Sitzer/Burnett commission lawsuit and express concerns about the terms of NAR’s settlement agreement.

MLS 399
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How are agents paid? Don’t ask buyers

Real Estate News

More than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.

Agents 321
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Optimal Blue CEO Scott Smith on making the right tech investments

Housing Wire

Editor in Chief Sarah Wheeler sat down with Scott Smith, interim CEO at Optimal Blue , to talk about the right tech investments to make now and how the company plans on keeping its customers for life. Sarah Wheeler: What differentiates your tech? Scott Smith: I think a differentiator is our position in the market. I think we have the most comprehensive end-to-end capital market platform.

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Builders Are Building Smaller Homes

Keeping Current Matters

There’s no arguing it, affordability is still tight.

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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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Kevin Sears discusses changes and challenges at NAR

Housing Wire

Nothing was off the table when National Association of Realtors (NAR) President Kevin Sears joined NextHome CEO James Dwiggins and chief strategy officer Keith Robinson on this week’s episode of their “Real Estate Insiders Unfiltered” podcast. During the hour-long episode, they discussed everything from Sears’ reaction to assuming the role of president, his first three months on the job, NAR’s commission lawsuit settlement agreement , and changes he is working to enact within NAR and across the

VA loan 373
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Agents should use this ‘old school’ prospecting strategy

Real Estate News

During a webinar hosted by T3 Sixty, consultants and guests discussed how tried-and-true tactics like geo-farming can help agents get more deals.

Agents 187

More Trending

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30 listing lead generation ideas for a post-NAR settlement market

Inman

If you want to build the listing side of your business in the wake of the NAR settlement, Jimmy Burgess has 30 practical, actionable, doable strategies tailor-made for this moment.

Marketing 179
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HUD, Indianapolis take control of local housing agency to ‘restore public confidence’

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) announced on Wednesday that it had entered into a cooperative endeavor agreement (CEA) to take control of the Indianapolis Housing Agency (IHA) alongside the City of Indianapolis. The move, which will effectively allow local and federal authorities to share control of the organization, is designed to “restore public confidence in and accountability over” IHA, according to HUD.

Principal 371
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With no rate cuts expected soon, financing a home remains tough

Real Estate News

As the U.S. economy continues to show strength, mortgage rates could stay in the 7% range this homebuying season.

Finance 204
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Many homebuyers lack knowledge about agent compensation: Redfin 

Housing Wire

As the real estate industry undergoes a significant shift in its commission structure, a recent Redfin survey reveals a lack of knowledge among homebuyers regarding their agents’ compensation. According to the findings, a significant portion of recent homebuyers remain in the dark about crucial aspects of agent payments. For example, 28% of recent homebuyers were unaware of the precise amount their agent received, 17% lacked knowledge about how this amount was determined and 19% were uncertain a

Agents 362
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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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How are you doing? Americans now rank at an all-time happiness low

Inman

Your team members and customers are struggling, Rachael Hite writes. Here is what wise brokers need to know about the state of happiness and how it impacts all of us.

Brokerage 164
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CMG acquires Norcom Mortgage’s retail assets

Housing Wire

California-based multichannel mortgage lender CMG Financial announced on Thursday that it acquired Norcom Mortgage ’ s retail assets, expanding its operations in the Northeast with the addition of 25 branches from Maryland to Maine. The financial details of the deal were not disclosed. “Norcom Mortgage has made the strategic decision to focus on and continue to grow our wholesale platform as TPO GO,” Norcom President Phil DeFronzo said in a prepared statement.

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Real estate tycoon sentenced to death in Vietnam fraud case

Inman

Truong My Lan was at the center of the sprawling fraud case and was accused of embezzling as much as $12.5 billion. A court sentenced her to death on Thursday during an anti-corruption crackdown in Vietnam.

Agents 149
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Opinion: How real estate brokers can overcome the profitability problem

Housing Wire

Navigating challenges in real estate brokerage requires a deep understanding of the industry. Recently, I had a conversation in which I put on my broker hat, discussed common hurdles faced by brokerages today, and explored potential solutions. I believe that the primary hurdle confronting brokerages today lies in their profitability. Given the current trajectory, profitability remains an increasingly difficult problem to solve.

Brokerage 360
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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 President Kevin Sears sells brokerage to Anthony Lamacchia

Inman

Lamacchia had been in talks with the Sears family for years as he continued his expansion path across New England. The deal was announced this week.

Brokerage 162
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Opinion: The power of predictability in an unpredictable year

Housing Wire

According to the most recent United States Census , Maricopa County of Phoenix, AZ is currently the largest-gaining county in the U.S. Why? Certainly there are various factors at play, but I’d venture to guess that one of the most significant is weather, but not exactly for the reasons you may think. Outside of the occasional rainstorm, Arizona weather is quite consistent.

Agents 296
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Maximizing profits by collaborating with real estate wholesalers

Inman

Agents willing to collaborate with reputable wholesalers will tap into new market segments, industry expert Andrew Helling writes, while elevating their own service offerings for clients and capturing once-elusive listings from motivated sellers.

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Figure rolls out DART processing platform to private, wholesale lending partners

Housing Wire

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , announced on Thursday that it will begin making its Digital Asset Registration Technologies (DART) platform — which it describes as “a combined lien and eNote registry service” — available to private and wholesale lending partners. It will initially be made available for its home equity line of credit (HELOC) product first before being rolled out to other lending products.

Lending 292
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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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3 advantages of tailoring your marketing strategy to niche buyers

Inman

When you think long and hard about who you’re speaking to and what they want to hear, The Agency's Rainy Hake Austin writes, you’ll see your efforts rewarded with a full pipeline, satisfied customers and great ROI.

Marketing 146
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City Releases Detailed Plan for Controversial Housing Zoning Changes

Brownstoner

Taller residences, less parking, and more infill buildings will be allowed in New York City if the mayor’s City of Yes for Housing Opportunity zoning changes go ahead as planned. The draft text for the proposal was released today by the NYC Department of City Planning, the final installment in… Read More > The post City Releases Detailed Plan for Controversial Housing Zoning Changes appeared first on Brownstoner.

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HappyCo unveils joyful AI solution for multifamily property managers

Inman

JoyAi, a large language model, automates everything from real-time scheduling and technician-matching to 24/7 resident communications and more, according to an announcement Tuesday.

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Building Material Prices Continue to Rise in March

Eye on Housing

Inputs to residential construction, goods less food and energy, increased for the fifth straight month, according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. The index for inputs to residential construction, goods less food and energy, represents building materials used in residential construction.

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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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Broker Spotlight: A.J. Palomar, The Agency Reno

Inman

Find out how this former banker put his financial acumen to work for buyers and sellers throughout Reno's neighborhoods.

Brokerage 171
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2nd Look at Local Housing Markets in March

Calculated Risk Real Estate

NOTE: The tables for active listings, new listings and closed sales all include a comparison to March 2019 for each local market (some 2019 data is not available). This is the second look at several early reporting local markets in March. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas.

Marketing 109
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Top South Florida agent Danilo Tavares leaves Elliman for Corcoran

Inman

Tavares closed $90 million in sales volume in 2023 and co-listed that same year 12 Indian Creek, which was purchased by Jeff Bezos for $79 million.

Agents 135
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Brooklyn Real Estate Prices Hold Steady in First Quarter

Brownstoner

It was business as usual in the Brooklyn real estate market in the first quarter. While the number of sales decreased, prices didn't budge, according to a report. The median sales price clocked in at $950,000 for all types of homes sold in the borough in the first quarter --… Read More > The post Brooklyn Real Estate Prices Hold Steady in First Quarter appeared first on Brownstoner.

Sales 109
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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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Teams Spotlight: Asset Advisory Team at Elegran

Inman

Learn how these award-winning team members got their start in real estate and what they're predicting for the year ahead.

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How to Safeguard a New Home: Security and Insurance Tips for First-Time Buyers

RIS Media

When buying your first home, there are many things to know and learn. A few of them include keeping your house secure and selecting the right insurance for your property. Making the right decisions can be complicated when you’ve never done these things. I will aim to educate you on some of the essential considerations.… The post How to Safeguard a New Home: Security and Insurance Tips for First-Time Buyers appeared first on RISMedia.

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420 Property Launches Cannabis MLS for Cannabis Real Estate Listings

Realty Biz

420 Property today announced the launch of Cannabis MLS, the web's preeminent marketplace for cannabis-related real estate and company listings. The goal in developing this new platform was to augment what 420 Property already offers, making it easier for people and companies in the cannabis sector to find what they're looking for by increasing the visibility of postings.

MLS 106
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The Buyer Agent Playbook: The Only Thing That Will Change in Commission Discourse Is Perception

RIS Media

The proposed settlement by the National Association of REALTORS® (NAR) regarding real estate commission structures and buyer-agent agreements has sparked heated discussions from all angles. Still, there’s one thing that agents can agree on: it’s all a matter of perception. RISMedia connected with three real estate practitioners who shared their experience with the topic thus… The post The Buyer Agent Playbook: The Only Thing That Will Change in Commission Discourse Is Perception appeared f

Agents 107
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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.