Sat.May 04, 2024 - Fri.May 10, 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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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 179
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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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Did lower mortgage rates slow housing inventory growth?

Housing Wire

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases , inventory growth slowed dramatically and is far from my 11,000-17,000 growth model with mortgage rates over 7.25%. Did the recent dip in mortgage rates play a role here or is this the average choppy weekly data we have seen in past years?

Mortgages 485
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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 260

More Trending

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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.

Brokerage 174
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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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Warren Buffett: Real estate is ‘fundamental’

Real Estate News

The Berkshire Hathaway CEO, along with Vice Chair Greg Abel, spoke about the HomeServices settlement and more during the company's annual shareholder meeting.

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How Buying or Selling a Home Benefits Your Community

Keeping Current Matters

If you're thinking of buying or selling a house, it's important to know it doesn't just impact you—it helps out the local economy and your community, too.

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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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Members of SFAR have a new AI productivity Sidekick

Inman

Sidekick was developed by San Francisco-based boutique brokerage Avenue 8. It primarily uses a text interface to send commands to retrieve data, execute tasks and in many ways, function as a common, “visual” interface would. It's now offered to members of SFAR.

Brokerage 171
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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

Brokerage 420
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Tech Bytes: News from Remine, CubiCasa, Supra, Lone Wolf, more

Real Estate News

New CEO at Remine; CubiCasa adds products; Supra unveils new platform; NNRMLS teams with Lone Wolf; Listing Showcase expands; news from Cloze, Lundy, Vestaplus.

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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.

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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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Top 4 ways elite teams transformed post-NAR settlement

Inman

As an agent for more than 15 years, owner of The Young Team and CEO of Fello, Ryan Young feels deeply passionate about helping agents scale their business through listings.

Agents 168
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CCBank acquires Security Home Mortgage 

Housing Wire

Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. The financials of the deal were not disclosed. According to the Nationwide Multistate Licensing System (NMLS), SHM provides home mortgage solutions in six states through a network of four branches and 62 licensed loan officers.

Mortgages 418
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‘Standing still is not enough’ says Anywhere’s Sue Yannaccone

Real Estate News

You may not have every answer — and legal threats still loom — but you must keep moving forward with consumers in mind, the industry leader advised her peers.

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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 115
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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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3 ways to reap the rewards of this spring’s hot homeselling season

Inman

These three market trend predictions will assist real estate agents in capitalizing on the abundant home selling opportunities available this spring.

Agents 179
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Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

The Asian Real Estate Association of America , along with the National Fair Housing Alliance , the Housing Opportunities Project for Excellence, Inc., and the Fair Housing Center of the Greater Palm Beaches , have filed a lawsuit that contends Florida Housing Law Senate Bill 264 violates the federal Fair Housing Act. The suit was filed on Monday in U.S.

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Brokerage Beat: News from E&V, Corcoran, Side, Real, more

Real Estate News

E&V opens in Mexico City; Corcoran gains 3 NFL pros; Side adds teams; largest woman-owned firm joins Real; William Raveis acquires S.C. indie; eXp Canada grows.

Brokerage 201
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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 107
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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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Leaders in luxury: Kim Bedwell

Inman

In 1930, the state of Texas adopted “friendship” as its motto. And while the perpetually congenial Kim Bedwell — Global Real Estate Advisor at Briggs Freeman Sotheby’s International Realty in Dallas-Fort Worth, Texas — embodies this welcoming spirit, it shouldn’t be conflated with an absence of dogged ambition.

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San Francisco Realtors partner with AI startup Sidekick

Housing Wire

AI -powered real estate assistant Sidekick unveiled a partnership with the San Francisco Association of Realtors (SFAR) on Monday. The collaboration will allow the region’s 4,000 agents to leverage Sidekick’s integrated datasets and workflows, making SFAR the first association to offer a generative AI assistant to its members. Launched in November 2023, Sidekick features many functionalities, including real-time market and property data retrieval abilities, valuation analyses and a suite of prod

Brokerage 387
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Redfin to pay $9.25 million to settle commissions cases

Real Estate News

The company is the 10th brokerage to agree to pay into a settlement fund, which is approaching $1 billion.

Brokerage 205
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COURT REPORT: Post-NAR Settlement Practice Changes Shifts Date

RIS Media

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. While NAR and other settlements pend both preliminary and final approval, the flow never stops in the court systems throughout the U.S. as updates continue to develop in the many commission lawsuits currently… The post COURT REPORT: Post-NAR Settlement Practice Changes Shifts Date appeared first on RISMedia.

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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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Plan if you must, but prepare for the unexpected

Inman

Real estate professionals have survived upheaval and change in the past, and we'll do so again, broker-owner Teresa Boardman writes, even if we don't yet know quite how.

MLS 187
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Trade groups express concerns on VA timeline for defaulted loan purchase program

Housing Wire

Representatives of the Mortgage Bankers Association (MBA) and the Housing Policy Council (HPC) are urging leaders at the U.S. Department of Veterans Affairs (VA) to delay a mandatory compliance date with the agency’s Veteran Affairs Servicing Purchase (VASP) program, which aims to prevent foreclosures against military personnel who experienced financial hardship due to the ongoing economic consequences of the COVID-19 pandemic.

Loans 386
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Redfin: Revenue is up, Kelman is bullish despite losses

Real Estate News

Even as net losses increase, Redfin’s CEO says the company is in a good place: “When you give people a better deal, they actually beat a path to your door.

As-is 147
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Rocket Mortgage Impresses With $1.2 Billion Earned in Q1 2024

RIS Media

As the economy waivers recently—with mortgage rates back up above 7%, the most recent PCE report demonstrating a rise in inflation and no respite in the interest rates from the Fed yet—there’s been a lot of uncertainty surrounding the mortgage market. This uncertainty, however, does not seem to have affected Rocket Mortgage, as its Q1… The post Rocket Mortgage Impresses With $1.2 Billion Earned in Q1 2024 appeared first on RISMedia.

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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.