Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. But for roughly one-third of NAR’s membership — and nearly 100 of the nation’s largest brokerages by transaction volume — the agreement reached on March 15 may be just the beginning of the saga.

Brokerage 466

Brokerage Industrial MLS Sales 466

Real Estate News

MARCH 19, 2024

NAR’s proposed settlement in the commissions cases has quickly led to a flurry of headlines — many of them wrong. Here’s what agents need to do.

Agents 328

Agents 328

Housing Wire

MARCH 19, 2024

Calque , a company that partners with lenders to offer non-contingent mortgages to homebuyers, has appointed Michael Bremer as CEO. Before joining Calque, Bremer (a 2020 HousingWire Insider ), served as the executive vice president of enterprise operations at CoreLogic. “I am thrilled at the chance to join a company dedicated to alleviating the challenges homeowners face during the homebuying and selling process,” Bremer said in a statement.

Equity 427

Equity Mortgages Agents Sales 427

Real Estate News

MARCH 19, 2024

In a call with media, NAR reps sought to dispel confusion and misinformation coming out of the March 15 settlement announcement.

311

311

Advertisement

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.

Agents

Housing Wire

MARCH 19, 2024

Fifth Third Bank, an Ohio-based regional bank, moved its origination and servicing operations to Intercontinental Exchange (ICE) Mortgage Technology ’s end-to-end mortgage technology ecosystem, the companies announced on Tuesday. The bank will rely on ICE’s loan origination and servicing platforms, Encompass and MSP , to handle both its first-lien and home equity products.

Technology 421

Technology Banks Mortgages Equity 421

Real Estate News

MARCH 19, 2024

Windermere appoints sales director for California; T3 Sixty promotes tech leaders; NAHREP names 2024 president; Janet Kane now CEO at Cape Fear Realtors.

Sales 248

Sales 248

Keeping Current Matters

MARCH 19, 2024

Even with the latest data coming in, the experts agree there’s no chance of a large-scale foreclosure crisis like the one we saw back in 2008.

234

234

Housing Wire

MARCH 19, 2024

As the final defendant left in the Sitzer/Burnett commission lawsuit , it appears that HomeServices of America may be left holding the bag for the vast majority of the damages in the case. On Monday, the plaintiffs filed a motion for entry of judgment in a Kansas City district court. In their motion, the plaintiffs asked the court to order HomeServices to pay $4.7 billion in damages this fall.

As-is 414

As-is 414

Inman

MARCH 19, 2024

The recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves due to life events.

Mortgages 201

Mortgages Sales Marketing 201

Housing Wire

MARCH 19, 2024

President Joe Biden will be in Las Vegas on Tuesday, where he will offer additional remarks about the policies and priorities of his administration’s push to address housing issues for renters and buyers alike. Biden will also highlight the money offered to states in the 2021 American Rescue Plan Act to boost affordable housing supply. The president will use his remarks in Las Vegas to encourage Congress to support his housing agenda, according to Lael Brainard, the White House’s national econom

Mortgages 404

Mortgages As-is Design Closing 404

Advertiser: Trellis

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.

Loans

Inman

MARCH 19, 2024

Despite the initial controversy, Homes.com isn't letting up on its traffic war with Zillow, Realtor.com and Redfin. The CoStar-owned portal reported late last week that it reached 149 million unique visitors in February, which equals a mind-boggling 567 percent growth in unique visitors compared to February 2023.

Technology 187

Technology 187

Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. Following UWM’s 2021 announcement of an “All-In ” initiative — which prohibits UWM broker partners from sending loans to direct competitors Rocket Mortgage and Fairway Independent Mortgage — Atlantic Trust agreed to the “All-In” a

Mortgages 408

Mortgages Brokerage Loans As-is 408

Inman

MARCH 19, 2024

Sitzer | Burnett plaintiffs asked the court to order the Berkshire Hathaway affiliate to pay most of the nearly $5.4 billion damages award after NAR, Keller Williams, Anywhere and RE/MAX settle.

Brokerage 180

Brokerage Agents 180

Housing Wire

MARCH 19, 2024

New York-based Rithm Capital has changed the compensation package of its top executive, Michael Nierenberg, by reducing his annual base salary, bonus and time-based equity award. But the company also increased the performance-based share of the total equity award. As a result, Nierenberg’s target annual compensation rose from $15 million to $17 million, according to a March 15 filing with the Securities and Exchange Commission (SEC).

Equity 406

Equity Loan Officer Principal Loans 406

Advertisement

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.

Sales

Inman

MARCH 19, 2024

As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive U.S. home sales.

Marketing 180

Marketing Sales Brokerage Mortgages 180

Lighter Side of Real Estate

MARCH 19, 2024

You’ve probably heard the news that there are changes coming in terms of how real estate commissions are paid. This might sound exciting and like a potential game-changer for you as a home seller or buyer, with headlines proclaiming things like: “Real estate commissions are being slashed!” “Selling your house will now be less expensive!” “No more paying 6% to real estate agents!

Purchase and sale agreement 132

Purchase and sale agreement MLS Agents As-is 132

Inman

MARCH 19, 2024

The Andreessens have owned the home since 2007 and conducted extensive renovations. The couple also recently purchased several properties in Malibu, suggesting a switching of allegiances to Southern California.

Renovation 180

Renovation 180

RIS Media

MARCH 19, 2024

The National Association of REALTORS® (NAR), in choosing to settle commission lawsuits filed by sellers that have dogged the industry for five years (along with the cascade of copycats added over the past six months), framed the decision as being an effort to “protect our members to the greatest extent possible.” Paying $418 million and… The post The 87 Brokerages Not Included in NAR’s Lawsuit Settlement appeared first on RISMedia.

Brokerage 127

Brokerage Industrial Agents 127

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 19, 2024

Housing starts rose to a seasonally adjusted annual rate of 1.52 million in February — 10.7 percent higher than in January, according to data released Tuesday by the U.S. Census Bureau.

Marketing 176

Marketing 176

RIS Media

MARCH 19, 2024

Above, Guaranteed Rate Senior Production Manager Mike Dye While the mortgage industry has traditionally focused on lenders’ needs and priorities, Guaranteed Rate has flipped the script by putting the interests of customers first. “In the age of Amazon, society has conditioned us to want quick results. What we have effectively created together is a niche… The post Revamping the Mortgage Process for a Fast-Paced World appeared first on RISMedia.

Mortgages 126

Mortgages Industrial Loan Officer Loans 126

Inman

MARCH 19, 2024

Since Friday, real estate agents have been arguing on the video sharing platform that the recent commission suit settlement is likely to hurt both homebuyers and the agents who represent them.

Agents 170

Agents Industrial 170

RIS Media

MARCH 19, 2024

New-home construction bounced back sharply in February due in part to slightly more favorable mortgage rates and a dearth of existing houses for sale. Housing starts rose 10.7% in February to an annual rate of 1.52 million, beating estimates of a 1.5 million increase, according to data released March 19 by the Census Bureau and… The post New-Home Construction Rebounds With Spring Buying Season Underway appeared first on RISMedia.

Construction 119

Construction Mortgages Sales Industrial 119

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 19, 2024

With new and evolving software solutions, multifamily expert Andy Larson writes, any landlord can thrive in the rental market by letting automation, big data and smart spaces do much of the heavy lifting.

Technology 170

Technology Marketing Agents 170

RIS Media

MARCH 19, 2024

With the addition of a $418 million payment by the National Association of REALTORS® (NAR) agreed to last week, the industry has now agreed to pay out a total of $626 million to settle commission lawsuits filed by recent homesellers, who successfully argued to a jury in October that commissions were illegally fixed by real… The post Burnett Attorneys Want $4.7 Billion Judgment Against HomeServices Following NAR Settlement appeared first on RISMedia.

Industrial 117

Industrial MLS Agents 117

Inman

MARCH 19, 2024

Independent, tech-forward brokerage Radius Agent (Radius) has built an artificial intelligence assistant for its agents and staff, called Mel, designed to assist with compliance, marketing and business management.

Brokerage 142

Brokerage Design Agents Marketing 142

Brownstoner

MARCH 19, 2024

Architectural details including columns, a curving staircase, and a marble mantel that once graced the Clarkson mansion in Flatbush are up for auction. Old house lovers have until Thursday to place their bid on the bits of Brooklyn's architectural history. Donated to the Brooklyn Museum in 1940, the items up… Read More > The post Nab a Bit of Flatbush Greek Revival History at an Auction of Brooklyn Museum Collection Objects appeared first on Brownstoner.

115

115

Advertisement

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.

Agents

Inman

MARCH 19, 2024

Sisters Maeda Palius and Amy Chorew offer guidance on developing a comprehensive business plan, so you can better understand your business as you plan for your financial future.

Development 138

Development Finance Agents Marketing 138

RIS Media

MARCH 19, 2024

RE/MAX, which has pivoted to new leadership with a focus on recruitment in Q1 2024, has published its latest national housing report, chronicling the state of the U.S. real estate market up to February 2024. The report surveys and compares 50 large metropolitan areas to make conclusions about the market as a whole. The report’s… The post RE/MAX National Housing Report Shows Sales Picked Up in February appeared first on RISMedia.

Sales 112

Sales Marketing Closing Industrial 112

Inman

MARCH 19, 2024

If the proposed settlement is approved, multiple listing services will be forced to nix the buyer commission field by July. Now is the time to prepare, writes author and trainer Bernice Ross.

MLS 138

MLS Agents Marketing 138

HomeLight

MARCH 19, 2024

When it’s time to sell your home within a community governed by a homeowners association (HOA), there’s a specific fee that often takes sellers (and some buyers) by surprise: the HOA transfer fee. This cost is just one part of the broader selling process, but it can raise questions about its purpose, amount, and who’s responsible for paying it.

Agents 111

Agents Sales 111

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