Real Trends

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). While previously NAR has stated that the offer of compensation could be as little as a penny or a dollar, in a reversal of this stance, NAR is now saying that listing brokers can offer nothing and still comply with the rule, as first repo

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MLS Brokerage Agents As-is 96

Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). While previously NAR has stated that the offer of compensation could be as little as a penny or a dollar, in a reversal of this stance, NAR is now saying that listing brokers can offer nothing and still comply with the rule, as first repo

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MLS Brokerage Agents As-is 500

Real Estate News

OCTOBER 6, 2023

The brokerage giants have agreed to significant policy changes as part of their settlement agreements in the Sitzer/Burnett and Moehrl commissions cases.

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Brokerage 325

Housing Wire

OCTOBER 6, 2023

Like Anywhere Real Estate Friday morning, the terms of RE/MAX’s $55 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public. Similar to Anywhere’s deal, the RE/MAX agreement stipulates that the firm make significant changes to what it requires of its agents and franchisees. Final court approval of the settlement is expected in early 2024.

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MLS Brokerage Agents Development 485

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Real Estate News

OCTOBER 6, 2023

The latest jobs report found that nearly twice as many jobs were added in September as expected, which could lead to even higher interest rates.

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Sales 280

Housing Wire

OCTOBER 6, 2023

With 30-year fixed mortgage rates climbing to a 23-year high, the Mortgage Bankers Association (MBA) called on the Federal Reserve to bring some certainty to financial markets. “It is time, and very important for the Fed to make clear two statements — the Fed is at the end of its rate hikes; the Fed will not consider selling its mortgage-backed securities (MBS) holdings until and unless the housing finance market has stabilized and mortgage-to-Treasury spreads have normalized,” MBA president and

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Banks Mortgages Loans Investor 473

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market.

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Mortgages VA loan Finance Loans 473

Inman

OCTOBER 6, 2023

In announcing the details of its settlement in the bombshell commission suits, the franchisor said that agents and brokerages would "have the freedom to set and/or negotiate commissions as they see fit.

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Brokerage Agents MLS 207

Housing Wire

OCTOBER 6, 2023

The honey badger labor market woke up on Friday and chose violence, biting the legs of any job recession bear it could find. The first reaction from the bond market was to shoot up bond yields and mortgage rates went higher. However, as the day progressed, bond yields decreased from the peak. What is going on with the U.S. labor market? The answer is that we are just working back to normal.

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Mortgages Marketing Closing Loans 458

Inman

OCTOBER 6, 2023

Among the proposed changes, Anywhere said its company-owned brokerages, franchisees and affiliated agents will no longer be required to belong to the National Association of Realtors.

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Brokerage Agents 207

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Loans

Housing Wire

OCTOBER 6, 2023

September job gains came in far higher than expected, a blow for the housing industry already grappling with mortgage rates near 8%. Job gains exceeded the average monthly gain of 267,000 over the prior 12 months. However, they remained lower than the 399,000 average of 2022, Realtor.com Chief Economist Danielle Hale noted. Total nonfarm payroll employment increased by 336,000 jobs in September, more than in August , according to data released by the Bureau of Labor Statistics.

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MLS Industrial Marketing Mortgages 441

Inman

OCTOBER 6, 2023

Sometimes it's our own misconceptions and insecurities that keep us from moving forward professionally and serving a new niche. Luxury agent Karen Stone looks at five questions that might be holding you back from the luxury market.

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Agents Marketing 190

Housing Wire

OCTOBER 6, 2023

The terms of Anywhere Real Estate ‘s $83.5 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. A hearing for preliminary approval of the settlement is expected to occur next month, with final court approval expected in mid-2024. “I am pleased that Anywhere has reached a nationwide settlement with the plaintiffs in the Burnett and Moehrl cases,

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Brokerage MLS Agents Branding 432

Inman

OCTOBER 6, 2023

An attorney for the Sitzer/Burnett homeseller plaintiffs calls the change a "stunning admission of guilt" on the eve of a class-action trial set to start Oct. 16.

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MLS 193

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Housing Wire

OCTOBER 6, 2023

New American Funding ’s partnership with Matic Insurance and OneSource Solution will provide insurance and home setup services for existing and new customers while NAF is processing the loan. NAF Insurance and NAF Concierge will be integrated into NAF’s loan process to remove friction from the mortgage, home buying and moving experience, the California-headquartered lender said.

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Loans Mortgages Brokerage Finance 431

Inman

OCTOBER 6, 2023

Realtor.com's Listing Toolkit is an easy, modern solution for listing agents to build CMAs, demonstrate home marketability and help sellers discover who might want to buy their home.

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Marketing Agents Technology 184

Housing Wire

OCTOBER 6, 2023

After roughly a month of speculation, Anywhere Real Estate and RE/MAX made the terms of their proposed settlement agreements in the Moehrl and Sitzer/Burnett buyer broker compensation class action suits public on Friday. In addition to the already publicized $83.5 million ( Anywhere ) and $55 million ( RE/MAX ) payouts, both settlements contained nearly identical terms, including provisions to no longer require agents to be members of the National Association of Realtors or follow NAR’s Code of

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Industrial MLS Brokerage Agents 410

Inman

OCTOBER 6, 2023

DBRS Morningstar's rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let homeowners cash out equity in exchange for a stake in their home.

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Equity Investor Loans Technology 182

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

Eye on Housing

OCTOBER 6, 2023

Job growth remained solid in September as the Fed fights against inflation. In fact, the recent jobs data has been stronger than most economists expected and is a reminder that GDP growth for the third quarter will be very strong and inflation risks persist. Total nonfarm payroll employment increased by 336,000 and the unemployment rate remained at 3.8% in September.

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As-is Construction Residential 126

Inman

OCTOBER 6, 2023

Marketing expert Molly McKinley shares her thoughts on technology, the current state of the industry and why we still have a long way to go. Is Brad Inman's vision of a latte experience still too far out of reach?

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Technology Industrial Marketing Brokerage 180

RIS Media

OCTOBER 6, 2023

Last month, Anywhere rocked the real estate world by becoming the first company to announce that it would be settling two major class action lawsuits that have targeted commission structures. Along with paying a total of $83 million, the company agreed to change certain practices—unnamed at the time. Today, the real estate giant announced the… The post Anywhere Reveals Terms of Commission Lawsuit Settlement appeared first on RISMedia.

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MLS Industrial Agents 120

Inman

OCTOBER 6, 2023

NYC Realtor and sometime-stand-up comedian Karen Stone offers insights from her experiences sharing the stage with Jim Gaffigan, George Wallace and Jerry Seinfeld.

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Staging Agents Marketing 184

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

RIS Media

OCTOBER 6, 2023

Above, the Westport, Connecticut home of Senior Editor Michael Catarevas. Fifteen forty eight sixty. Fifteen forty eight sixty. FIFTEEN FORTY EIGHT SIXTY! That’s the number I will never forget, even though its importance ended over 15 years ago. $1,548.60. Have you guessed what it is? If you’re a homeowner you probably have. It’s the mortgage… The post Op/Ed: The Best Advice for Clients Is, ‘When You Find the Perfect House, Buy It!

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Mortgages Sales Industrial Agents 120

Inman

OCTOBER 6, 2023

Despite earning the lowest score of the night from the reality TV show's judges after a misstep, Umansky managed to survive another week with the help of audience votes.

Agents 180

Agents 180

National Association of Realtors: Culture Scan

OCTOBER 6, 2023

18 Book Recommendations From Young, Successful Agents Add some compelling titles to your reading list as we explore the literary favorites of these rising stars in the real estate industry.

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Agents Title Industrial 119

Inman

OCTOBER 6, 2023

An Airbnb guest has stayed in a Los Angeles dental surgeon's guest house for over a year without paying rent — and the owner has no legal basis to evict her.

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Agents

HomeLight

OCTOBER 6, 2023

Editor’s note: This guide to “How to buy a house” is just one of many free resources made available by HomeLight. Check out our easy search tool to learn more about almost any homebuyer or seller topic. You think you may be ready to buy a house. Perhaps you’ve saved and scrimped, gazed longingly at for-sale signs, or already pictured your dream workshop in a spacious garage all your own.

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Inspection Agents Loans Sales 117

Inman

OCTOBER 6, 2023

While AI-driven change can feel risky, it also offers unprecedented opportunity for real estate pros who embrace its potential. Investment expert Curtis Williams offers insights to help you navigate the waters ahead.

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Agents Marketing Technology 176

RIS Media

OCTOBER 6, 2023

Professional speaker, podcaster and REALTOR® Monica Neubauer (aka the Maverick Motivator) admits that when she decided to get into real estate, she was more interested in leading educational programs for her peers rather than helping clients buy or sell homes. Jumping into the industry back in 2003, Neubauer notes that while she occasionally lists properties… The post NAR’s Center for REALTOR® Development Podcast: A Starting Point for Exceptional Education appeared first on RISMedia.

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Development Industrial Technology 117

Inman

OCTOBER 6, 2023

Real Brokerage has established partnerships in the U.S. and Canada to assist agents in group purchase plans for healthcare benefits.

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Agents Brokerage 195

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