Housing Wire

MARCH 15, 2024

The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. The story was first reported by the New York Times. NAR’s legal counsel approved the settlement agreement early Friday morning. It has yet to be filed in court. Lawyers for the trade organization told the Times that they anticipate the settlement will be filed in the coming weeks, however it will still be subject to court approval.

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Real Estate News

MARCH 15, 2024

As a part of its proposed settlement, NAR agreed to significant policy changes that will impact how all agents do business — and how buyer agents get paid.

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Agents 358

Housing Wire

MARCH 15, 2024

The National Association of Realtors (NAR) settlement of commission lawsuits nationwide is expected to force mortgage lenders and loan officers to find new ways of approaching listing agents and borrowers, give LOs a more significant role in the home-buying process, and encourage housing professionals to pursue dual-licensing, industry experts told HousingWire.

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Industrial Seller concession Purchase and sale agreement Agents 504

Real Estate News

MARCH 15, 2024

Top companies and MLSs outside the settlement can take part in a streamlined process to pay into a fund — but it could cost millions.

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Brokerage 354

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Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. “It’s been evident since the jury in Kansas City delivered a multi-billion verdict, after barely a few hours of deliberations, that a global settlement including NAR was the only viable resolution,” Green wrote i

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Industrial MLS Brokerage Agents 449

Real Estate News

MARCH 15, 2024

Opinions on the settlement range from concern that it will “spell disaster” for buyers to optimism that the quality of agent services will improve.

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Agents 325

Real Estate News

MARCH 15, 2024

The settlement, which still requires court approval, adds a new rule prohibiting offers of broker compensation on the MLS.

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MLS 328

Housing Wire

MARCH 15, 2024

Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 trillion, the third quarterly fall in the last year. This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.

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Equity Finance Mortgages Industrial 425

Real Estate News

MARCH 15, 2024

Court documents outline a payment schedule and a series of rule changes, including the elimination of offers of compensation through the MLS.

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MLS 278

Housing Wire

MARCH 15, 2024

Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology , as chief marketing officer (CMO). Holtz will drive unified marketing and communications strategies to advance Optimal Blue’s business priorities and further extend the company’s influence, Optimal Blue said on Friday. Sara Holtz “I am energized by the opportunity to build on the company’s momentum to drive meaningful transformation for Optimal Blue’s valued clients an

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Mortgages Technology Investor Loans 412

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Loans

Inman

MARCH 15, 2024

NextHome CEO James Dwiggins, Strategic Officer Keith Robinson and Ed Zorn, the California Regional MLS general counsel, tackle NAR's big settlement. Stream it live, exclusively at Inman.

MLS 202

MLS Brokerage Industrial Agents 202

Housing Wire

MARCH 15, 2024

Study after study has shown that nurturing your database should yield you at least a 10% return. This means that when you have 100 people in your database , and they’re hearing from you regularly with something of value, at least 10 of those contacts should either transact with you or refer someone they know who will work with you buying or selling real estate.

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Agents Closing Sales Marketing 404

Inman

MARCH 15, 2024

Finding the harmony between tradition and innovation in luxury real estate, Mauricio Umansky writes, is about tapping into time-honored practices while still leaving room for improvisation and creativity.

Brokerage 175

Brokerage Agents 175

Housing Wire

MARCH 15, 2024

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move. He shed light on why now was the right time to move into an ownership role at the lender, what he hopes to accomplish and the place the reverse mortgage product will continue to play in the company’s

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Purchase and sale agreement Equity Loan Officer Mortgages 395

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Sales

Inman

MARCH 15, 2024

Watch the latest Inman Access class to hear top performers share their best practices for listing presentations and how to consistently win listings and build lasting relationships with clients.

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Agents 172

RIS Media

MARCH 15, 2024

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. According to the Primary Mortgage Market Survey® from Freddie Mac, last updated Thursday, March 14, 2024, the 30-year mortgage rate sits at 6.74%, while the 15-year mortgage rate currently stands at 6.16%.

Mortgages 119

Mortgages Industrial Marketing 119

Inman

MARCH 15, 2024

RealReports uses artificial intelligence to curate and categorize listing documents, data and insights, pulling from a wide range of sources for consumer-facing use in an array of sales environments, but especially listing presentations and home search.

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Sales Technology 171

RIS Media

MARCH 15, 2024

Pillar To Post home inspection company has announced a complete brand refresh that is intended to provide new and existing franchise business owners with a more enticing and profitable franchise opportunity than ever before. The systemwide revamp is also intended to keep Pillar To Post on track with its anticipated growth goals. To expand its… The post Pillar To Post Launches Brand Refresh appeared first on RISMedia.

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Branding Inspection Development Industrial 112

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

Inman

MARCH 15, 2024

Ahead of the National Association of Realtors' commission settlements Friday, some agents are reevaluating their memberships and considering the American Real Estate Association instead.

Agents 168

Agents MLS Brokerage Mortgages 168

RIS Media

MARCH 15, 2024

In what will certainly be one of the most important moments and choices in the history of organized real estate, the National Association of REALTORS® (NAR) has chosen to end its legal fight against a flood of commission lawsuits that have roiled the industry over the last five years, paying $418 million in damages and… The post NAR Settles Commissions Suits For $418 Million, Removes Commission Offers from MLS appeared first on RISMedia.

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MLS Industrial Agents 117

Inman

MARCH 15, 2024

Two dog attacks just weeks apart have highlighted the danger agents face. Before you knock, safety trainer Tracey Hawkins says you need a safety plan.

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Agents 177

RIS Media

MARCH 15, 2024

While economic signs remain strong and experts have a positive outlook, consumer sentiment saw a slight dip in March. The dip, however, is not any cause for concern, according to experts. Consumer sentiment decreased 0.5% in March, following a 0.8% increase in February and two large leaps back in January and December. “Consumer sentiment moved… The post Consumer Sentiment Dips Slightly in March appeared first on RISMedia.

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Industrial Marketing 108

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

Inman

MARCH 15, 2024

Broker-owner Karen Shanahan Garrett writes that women in real estate have a role to play in filling the leadership and communication vacuum that currently exists in the industry.

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Industrial Development Brokerage Agents 159

RIS Media

MARCH 15, 2024

Above, Kimberly Harris Campbell Kimberly Harris Campbell didn’t have a linear path to real estate. Once a corporate attorney in New York City, she became a board member of America Needs You, a nonprofit started by Compass Real Estate founder Robert Reffkin in 2013. Campbell eventually ran that organization. Moving to Washington, D.C., in 2018… The post Talent and Culture Make the Difference appeared first on RISMedia.

Industrial 110

Industrial 110

Inman

MARCH 15, 2024

NAR would agree not to create rules that allow listing agents to set compensation for buyer brokers as part of the settlement. HomeServices of America not included in the deal.

Agents 161

Agents MLS Brokerage Marketing 161

Bigger Pockets

MARCH 15, 2024

The U.S. is short several million housing units, and the situation is only getting worse. Supply gaps continue to widen on a national and regional level, and 73 out of the largest 100 markets are experiencing shortages. What should investors expect going forward?

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Investor Marketing 113

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Agents

Inman

MARCH 15, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

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Brokerage Agents 166

RIS Media

MARCH 15, 2024

Century 21 Real Estate celebrates the appointment of Nora Aguirre—CEO of The Aguirre Team at Century 21 Americana—as the 2024 National Association of Hispanic Real Estate Professionals (NAHREP) President. The award-winning industry veteran was installed at the organization’s annual Homeownership and Wealth Building Conference in Washington D.C. last week.

Agents 111

Agents Industrial 111

Inman

MARCH 15, 2024

Diversifying your social media is essential amid TikTok's uncertain future. Jessi Healey explains how to expand and safeguard your online presence.

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Branding Marketing Agents 160

RIS Media

MARCH 15, 2024

Leadership comes in all shapes and sizes, and having a leader at the helm who can inspire others is mission-critical. No matter the career—whether it’s MLS or brokerage, or anything in between—the journey to leadership is full of both discovery and growth. And, as leaders across the board can attest, it’s more enjoyable when shared… The post An MLS Leadership Journey: Inspiring Others Every Step of the Way appeared first on RISMedia.

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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.

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