May, 2024

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Warren Buffett: Real estate agent commission structure “has worked out very well”

Housing Wire

Legendary investor Warren Buffett and Greg Abel, the CEO of Berkshire Hathaway Energy , addressed the commission lawsuits and HomeServices of America’s recently announced settlement of the suits, during Berkshire Hathaway’s annual shareholder meeting on Saturday. “There is no question that the industry will go through some transitions because of the settlements — ours and every other major player in the industry settled, the National Association of Realtors settled for more than $400 million ,”

Agents 490
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CoStar CEO on Matterport deal: Virtual tours, real advantage

Real Estate News

Andy Florance discusses the “transformative technology” and his plans to rapidly expand the company while rolling out generative AI features later this year.

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Tips for Younger Homebuyers: How To Make Your Dream a Reality

Keeping Current Matters

If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home?

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NAR commission settlement rules will go into effect in August

Inman

The massive trade organization promised in March to make various policy changes as part of a landmark settlement. The rules will now roll out slightly later than expected.

Brokerage 191
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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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Lake Home vs Beach House: Pros and Cons of Each

RIS Media

When choosing a dream vacation home or a permanent residence, deciding between a lake house and a beach house is a common dilemma. If you have vacationed and enjoyed both, the decision could be challenging. Sometimes, when vacationing in either location for a short period, you may not think about the long-term consequences of ownership.… The post Lake Home vs Beach House: Pros and Cons of Each appeared first on RISMedia.

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Decades in the Making, Abolitionist Place Park Opens to Public

Brownstoner

Abolitionist Place park, a public park that commemorates Brooklyn’s abolitionist history, is finally open to the public after at least 20 years of planning, multiple controversies, several iterations, and many delays. The 1.15-acre park at 225 Duffield Street opened today, officials told Brownstoner Monday, with a ribbon cutting ceremony scheduled… Read More > The post Decades in the Making, Abolitionist Place Park Opens to Public appeared first on Brownstoner.

Design 108

More Trending

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eXp hopes to stem agent losses with rev share updates

Real Estate News

During an earnings call, Glenn Sanford said he wants to help agents “in the middle,” while noting that revenue was up and touching on the commissions lawsuits.

Agents 266
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What Is Going on with Mortgage Rates?

Keeping Current Matters

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected.

Mortgages 249
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Revamp your business plan and have your best summer ever

Inman

While we like to create goals and supportive strategies several months before the end of the year, coaches Emily Bossert and Melanie Klein write, there’s no time like the present to create and benefit from a comprehensive business plan.

Agents 177
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Investment Potential of a Condo vs. a House: A Comprehensive Comparison

RIS Media

Real estate remains a solid investment choice. It offers both rental income and the possibility of appreciation. However, deciding between investing in a condominium or a house depends on market trends, personal investment goals and the economic climate. I will provide a detailed comparison between buying condos and homes and evaluate their respective merits as… The post Investment Potential of a Condo vs. a House: A Comprehensive Comparison appeared first on RISMedia.

Marketing 124
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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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6 Timeless Tips From Real Estate Agents Specializing in Divorce

HomeLight

Disclaimer: This blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of keeping or selling your home in a divorce, HomeLight always encourages you to reach out to your own advisor. Deciding what to do with the marital home is a challenging part of every divorce where real estate is involved.

Agents 108
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U.S. hiring slowed in April, missing estimates

Housing Wire

The U.S. economy added 175,000 jobs in April, less than in March and below what economists had expected. April’s rate also fell below the average monthly gain of 242,000 over the prior 12 months. Meanwhile, the change in total nonfarm payroll employment for March was revised up by 12,000, from 303,000 to 315,000, according to data released by the B ureau of Labor Statistics on Friday.

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NAR clarifies new rules for MLSs, agents — and extends deadline

Real Estate News

The organization has revised its MLS handbook and beefed up its FAQ to help explain what’s changing, while giving NAR members until Aug. 17 to comply.

MLS 264
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The Perks of Buying over Renting

Keeping Current Matters

Thinking about buying a home?

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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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Inaugural class of Inman Future Leaders in Real Estate revealed

Inman

The class of 45 honorees represents the real estate industry's brightest achievers under the age of 40. Future Leaders is the latest addition to Inman’s growing industry-leading awards program.

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HomeServices Hit by New Buyer Suit Days After Seller Settlement

RIS Media

HomeServices of America, after paying $250 million to settle seller suits and being dropped from the largest buyer suit, for a few short days was maybe the only large real estate company not directly facing commission litigation. That changed Monday, when lawyers behind the largest buyer suit (known as Batton) re-filed their accusations in a… The post HomeServices Hit by New Buyer Suit Days After Seller Settlement appeared first on RISMedia.

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Housing Market in 2024: When Will Homes Be Affordable?

Marco Santarelli

The burning question for many aspiring homeowners in 2024 is: when will houses become affordable again? The answer, unfortunately, isn't a simple one. The housing market is a complex beast, influenced by a mix of factors including: Inventory: Low supply and high demand have been the norm for several years, driving prices up. Interest Rates: Rising rates in 2022 and 2023 further squeezed affordability for many buyers.

Marketing 105
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NAR settlement terms slated to go into effect in mid-August

Housing Wire

The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement ,will go into effect on Aug. 17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson. Originally, the trade group had said the practice changes would go into effect in mid-July.

MLS 458
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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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HomeServices faces new buy-side commissions suit in Florida

Real Estate News

The filing comes just days after the company settled similar cases brought by sellers. The firm maintains its practices were “lawful and procompetitive.

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What's Motivating Your Move?

Keeping Current Matters

Thinking about selling your house?

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Largest minority and women-owned brokerage in US joins Real

Inman

The Atlanta-based Village Premier Collection, led by Cheri Benjamin, has joined Real under its Private Label program. The company has roughly 500 agents and closed $665 million in sales in 2023.

Brokerage 191
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NAR Lobbyists Keep Long-Term Focus in Shadow of Settlement

RIS Media

Attendees walk past the REALTOR® logo Sunday at the Walter E. Washington Convention Center in Washington D.C. Three months ago, NextHome CEO James Dwiggins, speaking on an RISMedia webinar, took a forceful—and somewhat unexpected position—on controversies and questions currently dogging the National Association of REALTORS® (NAR). A vocal critic of the organization, Dwiggins took a… The post NAR Lobbyists Keep Long-Term Focus in Shadow of Settlement appeared first on RISMedia.

MLS 118
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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 New Normal in Housing Market: What to Expect in the Coming Years

Marco Santarelli

For years, homeownership has been a cornerstone of the American dream. But recently, that dream has gotten a lot pricier. The housing market has seen a surge in prices, leading many to wonder: are these sky-high costs a temporary blip, or a sign of a “new normal” for housing prices? We'll discuss the multifaceted factors contributing to the current state of housing prices, exploring the interplay of supply and demand , economic trends , and demographic shifts that have redefined the

Marketing 102
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Rocket hires former Thomson Reuters, Intel executive as its first CTO

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , announced on Monday that it has hired Shawn Malhotra, a former Thomson Reuters and Intel executive, as the first chief technology officer (CTO) in the company’s history. Malhotra will oversee, among other areas, the firm’s artificial intelligence (AI) development, data science, product engineering, technology operations and information security.

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Agents Decoded: Want to prove your value? Bone up on assumable mortgages

Real Estate News

Mortgage assumptions aren’t new, but they’re about to get a lot more popular because the math works for both sides of the closing table.

Mortgages 261
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Lawler: Update on Mortgage Rates and Spreads and also New / Renewal Rents

Calculated Risk Real Estate

From housing economist Tom Lawler: Update on Mortgage Rates and Spreads While US Treasury and mortgage rates increased in the first quarter of 2024 from the surprisingly low year-end levels of last year purportedly precipitated by the perceived Powell pivot, the rise in yields was surprisingly “orderly.” Indeed, last quarter both realized and implied interest rate volatility measures declined to levels not seen for some time.

Mortgages 106
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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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Intel Broker’s Guide: When a seller won’t foot the buyer’s agent bill

Inman

Powered by the latest polling results from the Inman Intel Index, this wide-ranging guide explores how brokerages are steeling themselves for a new type of client: the buyer's-fee-evading seller.

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Parks | Pilkerton Adopts Cloze for AI-Powered Real Estate Platform

RIS Media

Cloze—a software company that delivers AI-powered real estate solutions—announced today that Parks | Pilkerton—Tennessee’s largest residential real estate company—has selected their platform for lead management, multi-channel marketing automation, and customer relationship management (CRM). Cloze’s robust AI capabilities will help Parks | Pilkerton agents and leadership increase productivity and lead conversion.

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Home Buyers’ Ideal Community

Eye on Housing

NAHB’s latest study on consumer preferences—What Home Buyers Really Want Study*— asked about the features and amenities buyers want in the home, but also about the type of community where they would like to live. The question is important because the home that successfully appeals to buyers doesn’t exist in a vacuum—it sits inside a.

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Redfin settles commission lawsuits for $9.25 million

Housing Wire

Redfin has joined the growing list of real estate brokerages that have settled the commission lawsuits. In a document filed with the Securities and Exchange Commission (SEC) on Monday, the brokerage announced that it had reached a nationwide settlement agreement on Friday with the plaintiffs in the consolidated Gibson and Umpa commission lawsuits. As part of the settlement agreement, Redfin has agreed to pay $9.25 million into a qualified settlement fund within 30 days of the court’s preliminary

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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.