Tue.Mar 26, 2024

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Keller Williams faces three lawsuits tied to its profit-sharing program 

Housing Wire

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Moulder, David L. Bueker and Robert E. Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. The lawsuits contest alterations made to Keller Williams’ profit-sharing program, with one of them seeking a court order to halt further payouts until the case concludes.

Brokerage 497
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It's cheaper to rent than buy in nearly every big city

Real Estate News

A new report from Realtor.com looks at the cost gap between renting and owning and finds that many markets are now significantly more favorable to renters.

Marketing 311
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FHFA assisted nearly 44,000 troubled homeowners in Q4 2023

Housing Wire

Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions in the fourth quarter of 2023, according to a new report published by the Federal Housing Finance Agency ( FHFA ). Over the course of 2023, the government-sponsored enterprises (GSEs) completed 192,897 foreclosure prevention actions. This brought the total to 6.905 million since the start of the GSE conservatorships in September 2008, the FHFA foreclosure prevention and refinance report showed.

VA loan 460
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Judge says Sitzer/Burnett will remain a class action

Real Estate News

HomeServices of America’s decertification request was denied, and the case will now shift to other post-verdict motions, including a request for a new trial.

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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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‘This is a great time for women to be in real estate,’ survey finds 

Housing Wire

Since its inception in 1908, the National Association of Realtors (NAR) has undergone a remarkable transformation, with women now accounting for 62% of its membership, according to data for the trade organization. AceableAgent , an online real estate school, surveyed more than 600 female real estate agents near the end of 2023 to understand the motivations and experiences of women in the field.

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2019 commissions case now on track for January trial

Real Estate News

The Moehrl suit, like Sitzer/Burnett, was filed 4 years ago and has just one defendant left: HomeServices of America, which hasn't chosen to settle.

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More Trending

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What’s the Latest with Mortgage Rates?

Keeping Current Matters

Recent headlines may leave you wondering what’s next for mortgage rates.

Mortgages 251
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Opinion: How did homeowners get into home equity prison?

Housing Wire

Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

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‘NAR’s days are numbered’: Ben Belack of ‘Buying Beverly Hills’

Inman

The Agency's Ben Belack shares his thoughts on NAR settlement news, the current industry landscape and the American Real Estate Association ahead of Season 2 of the popular Netflix real estate reality TV show.

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loanDepot settles appraisal bias lawsuit 

Housing Wire

loanDepot has settled a lawsuit filed by a Maryland couple accusing the firm of appraisal bias, ending a case that gained national attention two years ago. Court documents filed on March 22 show that the lender and plaintiffs Nathan Connolly and Shani Mott — the latter a scholar of Black studies at Johns Hopkins University who died March 12 in Baltimore of adrenal cancer — agreed with a voluntary dismissal with prejudice.

Finance 411
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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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Former Keller Williams agents sue over profit share changes

Inman

One of the class-action suits seeks $250 million in damages while the other is asking the court for a preliminary injunction stopping Keller Williams from distributing profit share payments.

Agents 185
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Home Loan Financing Advice For First Time Buyers

Maximum Exposure Real Estate

Would you like to learn some of the best mortgage tips for first-time homebuyers? Understanding the steps to buying a house is crucial. Buying a home involves many lingoes the average consumer may not know or understand. Considering that most people will finance a home’s purchase for a relatively significant amount, it makes sense to […] The post Home Loan Financing Advice For First Time Buyers appeared first on Maximum Real Estate Exposure.

Finance 125
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US home price growth accelerates in January at fastest pace since ’22

Inman

The S&P Core Logic Case-Schiller National Home Price Index tallied a 6 percent annual increase in January, reaching its fastest annual rate in more than a year, according to data released Tuesday.

Mortgages 176
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The Best Time to Sell Is Fast Approaching

RIS Media

For those looking to sell their homes and maximize on profit, the time to do so may be just around the corner. In fact, according to realtor.com®’s annual “Best Time to Sell” report, the week of April 14-20 is shaping up to be the best time to sell and maximize ROI in 2024. After looking… The post The Best Time to Sell Is Fast Approaching appeared first on RISMedia.

Sales 120
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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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Dave Liniger celebrates 50 years of RE/MAX in book ‘The Perfect 10’

Inman

In his second book, "The Perfect 10," RE/MAX co-founder and Chairman Dave Liniger leans on 50 years at the brokerage's helm to offer keys for leading during moments of intense change.

Brokerage 174
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Consumer Confidence Sees Little Change in March

RIS Media

Consumer confidence saw little movement in March, falling slightly from 104.8 in February to 104.7, according to the latest data from The Conference Board. This follows a large drop in February, which was a shock after January’s two-year high. “Confidence rose among consumers aged 55 and over but deteriorated for those under 55,” said Dana… The post Consumer Confidence Sees Little Change in March appeared first on RISMedia.

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Mastering Social Media with Sotheby’s International Realty

Inman

In this hour session Sotheby’s International Realty will explore what has worked for the three brokers to grow their business and drive leads with their online personalities.

Marketing 173
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Social Skills: 6 Daily Lead-Generation Activities for Insta-Success

RIS Media

Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. Instagram is undoubtedly one of the most popular platforms for building connections and attracting potential clients to your business. With its visual appeal and interactive features, Instagram offers… The post Social Skills: 6 Daily Lead-Generation Activities for Insta-Success appeared first on RISMedia.

Agents 119
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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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Rent is now more affordable than buying in every major US market

Inman

Austin and Seattle were the friendliest cities for renters as the monthly mortgage payment on a starter home in each of the top 50 cities soared above the average rent by more than $1,000.

Marketing 169
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HomeServices Targets New Trial Date; Keller Williams Charts Path Forward

RIS Media

HomeServices, as the last remaining defendant still fighting the two oldest and most advanced commission lawsuits, will likely have an outsized say in the timing of a potential trial—and appears to have settled on a date. According to a filing in federal court on Monday, March 25, the company is aiming for a trial starting… The post HomeServices Targets New Trial Date; Keller Williams Charts Path Forward appeared first on RISMedia.

As-is 117
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Corcoran launches first franchise in Oregon, with emphasis on Portland

Inman

Corcoran Prime is owned and led by Becky Jackson, and the franchise boasts approximately two dozen agents and staff with services across greater Portland, according to an announcement.

Agents 169
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Webinar Recap: Paths to Profitability—Rock-Solid Growth Strategies

RIS Media

In the latest RISMedia webinar—“Fundamentals of Success in 2024”—panelists Rick Haase, president of United Real Estate and chief operating officer of United Real Estate Group, and Lennox Scott, the third-generation chairman and CEO of John L. Scott Real Estate, discuss what brokers can do to continue to grow their businesses in 2024 and remain profitable… The post Webinar Recap: Paths to Profitability—Rock-Solid Growth Strategies appeared first on RISMedia.

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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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The Agency opened 12 new offices in Q1 amid rush of global expansion

Inman

The luxury brokerage's first-quarter activity has spanned the U.S., Canada, Mexico, the Caribbean, Spain, and most recently Edmonton, in Canada's Alberta province, the brokerage announced Tuesday.

Brokerage 168
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KW Profit-Sharing Cuts Violate Contracts, Former Agents Claim

RIS Media

Three former Keller Williams agents are suing the company over a recent change to its profit-sharing program, claiming that recent changes to profit-sharing programs that reduce payments to certain agents violate contracts—and the law. Robert E. Hill, David L. Bueker and Jerri L. Moulder filed seemingly separate, class-action lawsuits in three different federal courts within… The post KW Profit-Sharing Cuts Violate Contracts, Former Agents Claim appeared first on RISMedia.

Agents 115
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Pacaso is now offering shares in homes for as little as $130K

Inman

The new price point marks a strategy shift for the company, which buys homes in vacation markets, converts them into LLCs and sells shares to up to eight buyers.

As-is 176
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Case-Shiller: Home Prices Continue to Trend Upward In January

RIS Media

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6% annual gain in January, up from a 5.6% rise in the previous month. The data released March 26 shows that three out of the 20 major metro markets reported month-over-month price increases. The 10-City Composite showed… The post Case-Shiller: Home Prices Continue to Trend Upward In January appeared first on RISMedia.

Marketing 114
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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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Streamlining Property Marketing with AI-Powered Virtual Staging

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Virtual Staging AI] Developed at Harvard Innovation Labs, Virtual Staging AI is a virtual staging algorithm powered by artificial intelligence. Users can upload images depicting living rooms, bedrooms, kitchens, dining rooms, home offices, and bathrooms.

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5 of the Top We Buy Houses for Cash Companies in Smyrna

HomeLight

If you’re a homeowner in Smyrna looking for a way to sell your home without all the repairs, staging, and showings that come with listing on the open market, “We Buy Houses” companies offer a quick and easy solution. These companies make all-cash offers on homes in any condition or situation, whether you’re dealing with foundation issues or an inherited property.

Staging 107
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Brooklyn Listings Six Months Later: One Sold, One in Contract, Two Still Available

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Flatbush, Bay Ridge, and Park Slope. How did they fare? With ancillary spaces and decent storage, this studio is more livable than most and has charming prewar features to boot. It’s located… Read More > The post Brooklyn Listings Six Months Later: One Sold, One in Contract, Two Still Available appeared first on Brownstoner.

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5 of the Top We Buy Houses for Cash Companies in West Palm Beach

HomeLight

When you need to sell your West Palm Beach house fast or don’t have the funds for much-needed updates, “We Buy Houses” companies can help you cash out your investment and move on with your life. These companies make all-cash offers on properties in “as-is” condition, allowing you to skip the repairs, cleanings, and showings that often come with listing on the open market.

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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.