Keeping Current Matters

OCTOBER 31, 2023

If you've been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies.

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Bankruptcy Marketing 235

Housing Wire

OCTOBER 31, 2023

A Kansas City jury has found the National Association of Realtors , HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett buyer broker commission lawsuit. The defendants have been ordered to pay damages of $1.78 billion. The jury reached its verdict after a little over two weeks of testimony from the plaintiffs and defendants.

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Real Estate News

OCTOBER 31, 2023

After less than three hours of deliberation, the jury ruled for the plaintiffs in the landmark Sitzer/Burnett trial, awarding nearly $1.8 billion.

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Housing Wire

OCTOBER 31, 2023

KANSAS CITY, Missouri — After 11 days of testimony , the eight-person jury here took just a little over two hours to decide its verdict in the Sitzer/Burnett commission lawsuit trial. It found the National Association of Realtors , HomeServices of America and Keller Williams guilty of collusion to maintain high commission rates. Despite the guilty verdict, other than having to pay nearly $1.8 billion in damages, many questions still remain about what this means for the real estate industry, a

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Industrial Design Agents Brokerage 479

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Agents

Real Estate News

OCTOBER 31, 2023

After the jury unanimously found for the plaintiffs in the Missouri case, the lead attorney announced he was filing a nationwide suit naming NAR, 7 brokerages.

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Brokerage 317

Housing Wire

OCTOBER 31, 2023

Following July’s mini rally , home prices posted a 2.6% annual gain in August, according to the S&P CoreLogic Case-Shiller Home Price Index. Month-over-month, the U.S. National Index posted a seasonally adjusted increase of 0.9%, while the 10-City and 20-City Composites posted a 1% increase each. The August level was the highest recorded since the index began in 1987.

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MLS Mortgages Sales Closing 479

Housing Wire

OCTOBER 31, 2023

The finances at nonbank mortgage companies will remain under pressure in 2024, despite some relief in mortgage rates , according to a new Fitch Ratings report. But the credit ratings agency has a “moderately deteriorating” outlook for the sector because earnings – along with origination volumes – “have likely reached trough levels.” In addition, companies should see modest improvement in operating results from reduced expense bases.

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Mortgages Finance Equity Sales 432

Real Estate News

OCTOBER 31, 2023

With more trials over commission practices — and potentially hefty damage awards — looming, the settlement agreements could be a selling point.

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Housing Wire

OCTOBER 31, 2023

Phillip Cantrell is the CEO of Benchmark Realty LLC based in Franklin, Tennessee and the executive vice president of Strategy for United Real Estate. He is a 20-year member of the National Association of Realtors and has served on his local Realtor association’s board of directors, budget committee, grievance committee, professional standards committee and scholarship committee.

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MLS Agents Industrial Technology 421

Real Estate News

OCTOBER 31, 2023

The latest Case-Shiller Index found that home prices continued to rise for a seventh straight month despite high mortgage rates.

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Mortgages 256

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Loans

Housing Wire

OCTOBER 31, 2023

The No. 1 reason a mortgage loan applicant is denied for a loan is a problem with their credit score. In good times when qualified mortgage borrowers are plentiful, most originators don’t give a suboptimal credit score a second glance. But when every loan matters, like the market we find themselves in today, it makes a lot of sense to take a closer look at the borrower’s credit score.

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Bankruptcy Loans Mortgages As-is 409

Inman

OCTOBER 31, 2023

Jurors on Tuesday shocked the real estate industry, awarding damages adding up to $5.36 billion to homesellers after deliberating for 2 hours and 28 minutes.

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Industrial MLS Brokerage Agents 212

Housing Wire

OCTOBER 31, 2023

The National Association of Realtors (NAR) just made IRAR Trust Company (IRAR) its preferred provider for self-directed retirement plans, the trade organization announced on Tuesday. IRAR will provide “self-directed individual retirement accounts (IRAs) and solo 401(k) accounts to NAR members, their families, and association staff at the national, state and local levels,” according to a NAR press release. “Partnering with IRAR Trust Company underscores NAR’s dedication to delivering

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Agents 405

Inman

OCTOBER 31, 2023

In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions.

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Closing MLS Brokerage Agents 193

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RIS Media

OCTOBER 31, 2023

KANSAS CITY—After four years working its way slowly through the federal judicial system and two weeks of contentious courtroom drama, the landmark Burnett class-action case delivered a massive blow to organized real estate today, with an eight-member jury deliberating for less than three hours before finding that real estate power players conspired to inflate commissions… The post Plaintiffs Triumph in Burnett Case as Jury Finds NAR, Brokerages Conspired to Fix Prices appeared first on RIS

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Brokerage Industrial Agents 132

Inman

OCTOBER 31, 2023

The "401(k) for homeownership" helps first-time buyers achieve their goals on the way to homeownership with 4.51 percent APY high-yield savings accounts, as well as educational tools and matching opportunities with agents and lenders.

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Agents Technology Mortgages 193

Sotheby's International Real Estate

OCTOBER 31, 2023

High above the shoreline in Malibu, this distinctive contemporary residence befits its rarefied setting, from the clean lines of its exemplary architecture and its sophisticated interior aesthetic to the unparalleled views enjoyed from nearly every vantage point. Malibu, California | Gayle Pritchett-MacLeod, Lacey Rose Gordon, Sotheby’s International Realty – Malibu Brokerage Attention to craftsmanship and detail is readily apparent throughout the 6,735-square-foot, five-bedroom residence,

Brokerage 126

Brokerage 126

Inman

OCTOBER 31, 2023

Classic TV-lover Sue “Pinky” Benson shares what she learned about being a real estate agent from Samantha, Darrin(s) and Tabitha Stephens, zany MIL Endora and nosey neighbor Gladys Kravitz.

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Agents 187

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.

Agents

NAR: Economic Outlook

OCTOBER 31, 2023

Pending Home Sales Rise Modestly in September 2023 In September 2023, the pending home sales pace increased 1.1% from the previous month but fell 11% year-over-year.

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Sales 130

Inman

OCTOBER 31, 2023

A trailer for the new season of the real estate reality TV series suggests that broker Jason Oppenheim feels his LA office's agents have slacked off during a sluggish market while "the agents in the OC work their asses off.

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Agents Marketing Brokerage 184

Calculated Risk Real Estate

OCTOBER 31, 2023

Note: The Freddie Mac index is a repeat sales index using only loans purchased by Fannie and Freddie and includes appraisals. See FAQs here. Freddie has data for all states and many cities. For house prices, I’m currently following Case-Shiller, FHFA , CoreLogic , Black Knight , the NAR median price s, and this Freddie Mac index. Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.8% month-over-month on a seasonally adjusted (SA) basis in September.

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Loans Sales As-is 124

Inman

OCTOBER 31, 2023

If you want to join the ranks of the top listing agents in your market, trainer and author Bernice Ross says that Cohen's proven strategies and tactics can help you become a top listing agent as well.

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Agents Marketing 180

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.

Agents

Eye on Housing

OCTOBER 31, 2023

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 66% in the third quarter of 2023, amid persistently tight housing supply and elevated mortgage interest rates. The homeownership rate remained statistically unchanged from the second quarter reading (65.9%). Compared to the peak of 69.2% in 2004, the homeownership rate is 3.2 percentage points lower and remains.

Mortgages 122

Mortgages 122

Inman

OCTOBER 31, 2023

The wrong social media post is like a vampire: It lives forever and sucks the lifeblood of your reputation. Trainer Rachael Hite offers three tips to repel bad juju online.

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Agents Marketing 180

Bigger Pockets

OCTOBER 31, 2023

Renting properties to tenants is a great way to earn passive income, but you must follow many laws and rules, including collecting security deposits. Before you begin renting to tenants, it’s important to understand the answer to what is a security deposit and all the factors that go into it.

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Inman

OCTOBER 31, 2023

Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case.

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Brokerage Industrial Agents 214

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Agents

RIS Media

OCTOBER 31, 2023

The Burnett vs. NAR trial verdict is in, with the plaintiffs emerging victorious, and the defendants having been found guilty of conspiring to artificially inflate commissions. It’s a result that could have serious, historic and long-lasting ramifications for the residential real estate industry. That is assuming the defendants, led by the National Association of REALTORS®,… The post Industry Reacts: Execs Voice Frustrations, Predictions After Guilty Verdict appeared first on RISMedia.

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Inman

OCTOBER 31, 2023

While everyone waits and worries about the outcome of the current commission trial, there's already a perfectly simple solution to defining and communicating with buyers about your commission, writes broker-owner Teresa Boardman.

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Brokerage Agents Marketing 176

RIS Media

OCTOBER 31, 2023

Many were predicting it would happen. Almost before the jury in the recently decided Burnett class-action trial left the courtroom, attorneys who represented the plaintiffs in that case filed a new, nationwide lawsuit against the National Association of REALTORS® (NAR) and other major corporate brokerages, seeking the same damages for recent homesellers.

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Brokerage Industrial Agents 117

Inman

OCTOBER 31, 2023

Available everywhere except New York, loanDepot's new "accessZERO" program provides a down payment of up to 5 percent in the form of a 10-year fully amortized second mortgage.

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Mortgages 176

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.

Sales