Wed.Mar 27, 2024

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Figure Technology Solutions takes another step to become public

Housing Wire

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , took another step this week to become a public company, just one week after announcing a reorganization of its enterprise structure. On Wednesday, the company said it “has confidentially submitted a draft registration statement” with the U.S. Securities and Exchange Commission (SEC) regarding the proposed initial public offering of its equity securities.

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Single Women Are Embracing Homeownership

Keeping Current Matters

In today's housing market, more and more single women are becoming homeowners.

Marketing 213
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Special report: Jacksonville’s brokerage competition visualized

Housing Wire

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market.

Brokerage 413
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Nepo Babies grow up as data points to new phenomenon: Nepo Buyers

Inman

Thirty-six percent of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday.

Loans 99
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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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Renters gain financial edge over homebuyers in key U.S. markets: Realtor.com

Housing Wire

As first-time homebuyers contemplate their housing options, the financial calculus between renting and owning is essential. Against the backdrop of elevated mortgage rates and soaring home prices , discerning the evolving financial dynamics between renter-friendly and buyer-friendly markets is also paramount. A report released Tuesday by Realtor.com highlights a significant disparity in costs between buying and renting a starter home across the country’s 50 largest metropolitan areas.

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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.

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$188M Palm Beach estate — the city’s priciest — goes into contract

Inman

The estate sits alone on its own 2.3-acre man-made island, and went into contract on Monday. The negotiated price and the buyer's identity are still unknown.

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11 real estate events & conferences to help you thrive in 2024

Housing Wire

It’s no secret that forging new connections at in-person events can help to grow your business. Nothing sets you up for success like learning the habits and best practices of more experienced agents, brokers and other housing professionals. While your online presence is crucial to your success, each real estate event or conference on our list can help you stay current with the latest market, tech and industry trends, build your skills and expertise, and expand your referral network.

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Compass brings on Atlanta’s Beacham & Company

Inman

Glennis Beacham founded the former indie brokerage in 2006 after growing her career over the course of more than two decades to become one of Atlanta's top luxury agents.

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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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NAR wants VA to change rules that prohibit veteran buyers from paying broker commissions

Housing Wire

The National Association of Realtors (NAR) urged the U.S. Department of Veteran Affairs (VA) to revise its policies that ban veterans from paying broker commissions, an issue that is gaining attention following the NAR’s landmark $418 million settlement. Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price.

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William Raveis celebrates 50 years with an official state proclamation

Inman

Governor Ned Lamont on Wednesday proclaimed March 27 "William Raveis Day" in Connecticut as the brokerage celebrated 50 years of service with an unforgettable anniversary bash.

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In quest to grow reverse business, US Mortgage Corporation hires Krajewski

Housing Wire

New York-based multichannel lender US Mortgage Corporation is expanding its efforts in the reverse mortgage space, illustrating its focus on growth. The company recently hired reverse mortgage industry veteran Ken Krajewski to serve as its managing director and head of reverse mortgage lending. US Mortgage recently surpassed 30 years in business. The expansion of its dedicated reverse lending division, which has been active for more than a decade, follows on other recent trends that have seen mo

Mortgages 245
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Dr. Shani Mott spent her last days fighting for housing equality

Inman

The Baltimore homeowner succumbed to cancer before she could celebrate a landmark appraisal bias win. She's part of a long legacy of Black homeowners who've died while fighting for their rights.

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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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Reverse-centric Ibis Software appoints Sivori to board of directors

Housing Wire

Reverse mortgage software and calculator provider Ibis Software announced this week that it appointed Robert Sivori, a reverse mortgage industry veteran, to its board of directors. Sivori’s role became effective March 1, according to an announcement distributed to RMD by company president Jerry Wagner. “Bringing a wealth of experience from the reverse mortgage industry, Sivori joins Ibis Software as a director, poised to contribute significantly to the company’s strategic growth initiatives,” th

Equity 245
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How have your client conversations about commission changed? Pulse

Inman

On this week's Pulse, we want to know how your conversations about commissions with clients have shifted in the wake of commission lawsuits and settlements. Weigh in, and let us know!

Agents 95
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Corcoran launches first franchise in Oregon

Housing Wire

The Corcoran Group has expanded in recent years and this week welcomed its first franchise in Oregon, Corcoran Prime , the company announced on Tuesday. Owned and led by Becky Jackson, the new brokerage will serve clients in the Greater Portland metropolitan area, with an office located in Portland’s Pearl District. “Portland’s market holds immense opportunity, and to be entering the market with Corcoran Prime is an ideal accompaniment, not only to our strong existing west coa

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Do brokerages have right model for this business climate? Intel asked

Inman

Most real estate professionals are quite bullish on their own brokerage's business model. But more are beginning to question it, according to a review of the latest Inman Intel Index results.

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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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Kelly Davids named president of The Appraisal Foundation

Housing Wire

The Appraisal Foundation this week named Kelly Davids, former superintendent of the Ohio Division of Real Estate and Professional Licensing, as its new president. Davids, who has been a foundation staff member since 2013 as a senior vice president, is also a former foundation trustee and has served various roles in Ohio politics over the past 40 years.

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LoanDepot settles high-profile appraisal bias lawsuit filed in 2022

Inman

Lender revises appraisal policies and practices in wake of lawsuit by Baltimore couple who claimed their home was undervalued by more than $250,000 because they were Black.

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Judge denies HomeServices’ motion to decertify the class in Sitzer/Burnett suit

Housing Wire

HomeServices of America , the remaining defendant in the Sitzer/Burnett commission lawsuit , suffered another blow on Tuesday. In a filing, Judge Stephen Bough, who oversaw the Sitzer/Burnett trial in Oct. 2023, denied the HomeServices defendants’ motion to decertify the class. HomeServices of America first filed its motion to decertify the class in early January 2024.

As-is 245
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7 crisis management tips for handling commission uncertainty

Inman

The critical difference between survival and downfall during turbulent times, such as the commission lawsuits, is effective crisis management, Keller Williams' Julia Lashay Isreal writes.

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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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Opinion: Why real estate agents shouldn’t worry about commission changes

Housing Wire

Snakes. Vultures. Con artists. Liars. These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” And before getting my real estate license in 2009, I had the same opinion, too. But even with all the negative nouns used to describe some real estate agents, the majority of real estate agents are professional and valuable.

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Real Estate Reacts! (Part 2) NAR Settlement Views From Agents, Brokers and CEOs

RIS Media

In the wake of the National Association of REALTORS®’ (NAR) March 15 agreement to settle its legal fight against a flood of lawsuits that have roiled the industry over the last five years, paying $418 million in damages and agreeing to eliminate its guidance around commissions, real estate professionals across the board are sharing their… The post Real Estate Reacts!

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Daily Links: A Focus on Mental Health in Prospect Park Outreach Program

Brownstoner

In the News An Open-Air Approach to Mental Health Treatment [NYT] New Group Plans to Pour Money Into YIMBY Candidates [NYT] Accused Brooklyn Mirage Kidnappers to Walk [NYP] Canoeing in a Superfund Site [New Yorker] Manholes Explode on Montague Street in Brooklyn Heights [Eagle] New in Bushwick, Marie’s Is an Italian Spot With NYC Heart [BK… Read More > The post Daily Links: A Focus on Mental Health in Prospect Park Outreach Program appeared first on Brownstoner.

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Value over discount: 8 tips for navigating post-NAR settlement

Inman

Explore how to transcend discounting and enhance value in response to the NAR settlement with strategic consultant Chris Pollinger.

Agents 99
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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.