March, 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 485
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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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What Are the Benefits of a Modular Home?

RIS Media

Built in sections at a factory and assembled on-site, modular homes offer a unique blend of efficiency and customization. Their popularity stems from their ability to provide affordable, durable and sustainable housing options. We will examine the various benefits of modular homes and highlight why they are becoming a preferred choice for many. If you… The post What Are the Benefits of a Modular Home?

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Extensive Construction in Gowanus Forecasts a Very Different Neighborhood Ahead

Brownstoner

Gowanus, an industrial and low-lying neighborhood, has been undergoing a sudden and sweeping transformation over the past year and a half. Swathes of low slung 19th and early 20th century brick industrial buildings have been demolished. In their place, ubiquitous on many blocks, are active construction sites ringed by green… Read More > The post Extensive Construction in Gowanus Forecasts a Very Different Neighborhood Ahead appeared first on Brownstoner.

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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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Beyond the Headlines: Understanding How Proposed Changes in Real Estate Commissions Will Actually Impact You as a Buyer or Seller

Lighter Side of Real Estate

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!

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NAR settles commission lawsuits for $418 million

Housing Wire

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.

Agents 539
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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 182
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What agents need to know about commission rule changes

Real Estate News

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.

Agents 143
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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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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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Market Madness: 10 College Markets That Are Great for Cash Flow

Bigger Pockets

With the college sports season’s thrilling climax, this is also an exciting time for real estate investors who own rentals in college towns that are being given a high profile.

Marketing 117
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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 119
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NAR addresses ‘incorrect claims’ in Biden’s housing proposal speech

Housing Wire

Although the National Association of Realtors (NAR) is grateful for the White House’s focus on the nation’s affordable housing crisis, the trade group was not thrilled about remarks President Joe Biden made about real estate agent commissions. In a speech given at Stupak Community Center in Las Vegas on Tuesday, Biden pitched his administration’s new housing proposals.

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Moehrl attorney: Market shift after NAR settlement ‘will take time’

Inman

Robby Braun, partner at Cohen Milstein Sellers & Toll, addresses "misconceptions" about the NAR deal's impact and says Realtors who try to ignore the changes "will get left behind.

Marketing 192
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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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2 Ways to Get a Free Home Appraisal and Check Your Property Value

HomeLight

The housing market is constantly changing, and property values can shift quickly. As a result, you might only have a vague idea of your home’s value — or, possibly, not even a clue. To determine your home’s true market value, you can hire a licensed appraiser for around $400 to $600. According to a 2023 Appraisal Survey by the National Association of Realtors, the typical cost is $500.

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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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Best Real Estate Investing Conferences in 2024 (Chronological Order)

Bigger Pockets

If you’re looking to elevate your real estate investing knowledge, expand your contact list, and gain powerful insight into 2024 real estate trends, then you need to be at the places that can make it happen.

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Overflow Crowd Packs Gowanus Church for Rowdy Meeting Over Migrant Shelter

Brownstoner

Spaced elbow to elbow in Hoyt Street’s City Life Church Monday night, Gowanus locals aired their concerns at a community meeting on a migrant shelter for 400 men slated to open in a former factory building on 3rd Street. A vocal group dominated the meeting, heckling speakers and yelling snipes… Read More > The post Overflow Crowd Packs Gowanus Church for Rowdy Meeting Over Migrant Shelter appeared first on Brownstoner.

Marketing 132
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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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The Real Brokerage looks to build on 2023’s explosive growth

Housing Wire

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. In 2023, Real recorded 48,905 sides, up 14,721 sides from 2022, and a sales volume of $21.2 billion, up $6.80 billion over the prior year. Not only were these figures good enough for the top mover spot, but Real ranked at No. 6 and No. 10 nationwide for transaction sides and sales volume, respectively.

Brokerage 450
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‘Apologize’ and 17 other common-sense ways to begin reforming NAR

Inman

Even before the courts resolve how agents are compensated, the National Association of Realtors has an opportunity to set a course for victory, Inman founder Brad Inman writes.

Agents 173
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Housing Affordability Conditions Made Progress in January 2024

NAR: Economic Outlook

Housing Affordability Conditions Made Progress in Janua At the national level, housing affordability increased in January 2024 compared to the previous month, according to NAR’s Housing Affordability Index.

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MBA: New-Home Mortgage Applications Surge Nearly 16% in February

RIS Media

Homebuyers are continuing to turn to new construction as the antidote for a continued lack of existing homes for sale. Mortgage applications for newly built homes jumped 15.7% in February from a year ago, according to data from the Mortgage Bankers Association’s (MBA) latest Builder Application Survey. While new-home mortgage applications only rose 1% from… The post MBA: New-Home Mortgage Applications Surge Nearly 16% in February appeared first on RISMedia.

Mortgages 110
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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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How a Squatter in Oregon “Stole” a Property, and the Rising Tide of Disputes Ending Badly for Landlords

Bigger Pockets

“I always thought stealing was wrong,” real estate investor and developer George McCleary remarks at the end of a viral video posted on social media last month, “But turns out, if you steal a […]

Investor 120
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10-acre slice of Seattle lists for $1.5M, with a catch: It’s a cemetery

Seattle Times Real Estate

A new listing in Seattle’s frenzied real estate market covers almost an entire city block and has opportunities for revenue growth. of a very specific kind.

Marketing 131
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Mortgage rates helped by the Fed’s moderate stance

Housing Wire

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Then mortgage rates rose, facilitating five weeks of negative purchase application data. As rates were hitting year-to-date highs, the fear was that the Fed would go hawkish in their March meeting, which could push mortgage rates toward 8% and tank 2024 dema

Mortgages 510
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Compass to pay $57.5M to settle commission lawsuits

Inman

The news comes one week after NAR's whopping $418 million settlement was announced. Compass also agreed to make some minor changes to its business practices as part of the settlement.

MLS 190
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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.